Economic growth occurs when there is an increase or improvement in a country’s inflation-adjusted market value of goods and services provided in the economy. There is no single standard or metric used by economists and governments to measure a growing economy, as many factors contribute to a country’s economy. Still, a country’s gross domestic product (GDP) is a good source for examining a country’s economic status.

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What is the fastest growing country in the world 2023?
Who has the highest GDP growth in 2023?
What is the top 5 economy in the world 2023?
What is the fastest developing country in the world?

The International Monetary Fund (IMF) uses a country’s real gross GDP growth to compare the economic growth of countries. Gross GDP growth is the total value received for goods and services at a constant price during a set period (i.e., one year). Another indicator of GDP growth groups like the IMF use is GDP per capita and purchasing power parity.

Learn more about the fastest growing economies in the map and charts.

CountryGDP GrowthGDP per capitaGNI per capitaDebt to GDP Ratio1Guyana47.2%$9,375$9,38043.7%2Macau15.5%$45,4223Barbados11.2%$17,034$16,7204Saint Kitts and Nevis10%$18,230$18,5605Saint Lucia9.7%$9,571$9,6806Iraq9.5%$5,048$5,04036.7%7India8.2%$2,277$2,17089.26%8Kuwait8.2%7.1%9Palau8.1%10Saudi Arabia7.6%$23,58630%11Panama7.5%$14,516$14,01063.66%12Niger6.9%$595$59050.9%13Dominica6.8%$7,560$7,76014Fiji6.8%$5,086$4,86079.8%15Antigua and Barbuda6.5%$14,901$14,90016Philippines6.5%$3,549$3,64060.4%17South Sudan6.5%18Bangladesh6.4%$2,503$2,62033.9%19Democratic Republic of the Congo6.4%$584$58014.7%20Rwanda6.4%$834$85066.7%21Equatorial Guinea6.1%$8,462$5,81027.1%22Maldives6.1%$8,995$8,40066.6%23Mauritius6.1%$8,812$10,86089%24Ivory Coast6%$2,579$2,45051.4%25The Bahamas6%$28,239$27,22095.6%26Vietnam6%$3,694$3,56039.6%27Benin5.9%$1,428$1,37047.2%28Egypt5.9%$3,876$3,51087.2%29Brunei5.8%$31,7231.9%30Colombia5.8%$6,131$6,16061.1%31Belize5.7%$4,420$4,29074.5%32Kenya5.7%$2,007$2,01068.4%33Malaysia5.6%$11,371$10,93063.3%34Oman5.6%$16,43967.7%35The Gambia5.6%$836$80082.9%36Togo5.6%$992$98061%37Dominican Republic5.5%$8,604$8,22050.4%38Trinidad and Tobago5.5%$15,243$15,07083.3%39Indonesia5.4%$4,292$4,14040.9%40Ghana5.2%$2,445$2,36081.8%41Ireland5.2%$99,152$74,52056%42Cambodia5.1%$1,591$1,55036.8%43Madagascar5.1%$515$50044.8%44Israel5%$51,430$49,56060.9%45Mauritania5%$1,723$1,73044.2%46Saint Vincent and the Grenadines5%$7,997$8,10047Senegal5%$1,606$1,54073%48Uganda4.9%$858$84051.7%49Guinea4.8%$1,174$1,01043.3%50Malta4.8%$33,257$30,56057%51Papua New Guinea4.8%$2,916$2,79051.5%52Puerto Rico4.8%53Spain4.8%$30,116$29,740118%54Tanzania4.8%$1,136$1,14037.3%55Burkina Faso4.7%$918$86059.6%56Eritrea4.7%165%57Seychelles4.6%$13,307$13,26074%58Andorra4.5%$43,04859Liberia4.5%$673$62055%60Bhutan4.4%135%61People's Republic of China4.4%$12,556$11,89076.9%62Botswana4.3%$7,348$6,94024.2%63Cameroon4.3%$1,662$1,59046.8%64Australia4.2%$59,934$56,76036.1%65United Arab Emirates4.2%38.3%66Nepal4.1%$1,223$1,23040.5%67Argentina4%$10,729$10,05080.5%68Guatemala4%$5,026$4,94029.98%69Norway4%$89,203$84,09043.2%70Pakistan4%$1,538$1,50084%71Portugal4%$24,262$23,730127%72Singapore4%$72,794$64,010160%73Canada3.9%$52,051$48,310113%74Uruguay3.9%$17,021$15,80071.5%75Bolivia3.8%$3,415$3,36082.6%76Ethiopia3.8%$944$96057%77Guinea-Bissau3.8%$813$78078Honduras3.8%$2,831$2,54051.46%79Montenegro3.8%$9,367$9,30083.27%80Mozambique3.8%$500$480101%81Nicaragua3.8%$2,091$2,01064.8%82Hungary3.7%$18,773$17,74073.5%83Poland3.7%$17,841$16,67053.8%84Slovenia3.7%$29,201$28,24074.7%85United Kingdom3.7%$47,334$45,38097.4%86United States of America3.7%$69,288$70,430129%87Burundi3.6%$237$24017%88Grenada3.6%$9,929$9,63089Central African Republic3.5%$511$53052.1%90Comoros3.5%$1,495$1,46031.1%91Greece3.5%$20,277$20,140193%92Libya3.5%$6,018$8,430155%93Serbia3.5%$9,215$8,44056.5%94Zimbabwe3.5%$1,737$1,40077.2%95Nigeria3.4%$2,085$2,10037%96Qatar3.4%$61,276$57,12046.9%97Sierra Leone3.4%$516$51075%98Uzbekistan3.4%$1,983$1,96038%99Bahrain3.3%$22,232120%100Chad3.3%$696$65044.7%101Costa Rica3.3%$12,509$12,31078.64%102Iceland3.3%$68,384$64,41075%103Thailand3.3%$7,233$7,26059.61%104Bulgaria3.2%$11,635$10,72022.9%105Georgia3.2%$5,042$4,74057.1%106Laos3.2%$2,551$2,52053.81%107Republic of Macedonia3.2%$6,721$6,130108Taiwan3.2%28.2%109Lesotho3.1%$1,166$1,27054.7%110Zambia3.1%$1,121$1,040123%111Angola3%$2,138$1,77085%112Djibouti3%$3,364$3,30043.2%113El Salvador3%$4,409$4,14084.75%114Iran3%41.5%115Netherlands3%$58,061$56,37052.4%116Peru3%$6,692$6,52036%117Somalia3%$446$450118Ecuador2.9%$5,935$5,93059%119France2.9%$43,519$43,880113%120Sweden2.9%$60,239$58,89036.7%121Azerbaijan2.8%$5,384$4,88018.2%122Kosovo2.8%23.34%123Namibia2.8%$4,729$4,55076%124Aruba2.7%125Croatia2.7%$17,399$17,15079.8%126Gabon2.7%$8,017$7,10054%127Malawi2.7%$643$63058.8%128New Zealand2.7%$48,802$45,34030.1%129Turkey2.7%$9,587$9,83042%130Austria2.6%$53,268$52,21082.8%131Slovakia2.6%$21,088$20,25063.1%132Sri Lanka2.6%$3,815$3,820105%133Jamaica2.5%$4,587$4,80091.5%134South Korea2.5%$34,758$34,98046.9%135Tajikistan2.5%$897$1,15053.67%136Algeria2.4%$3,765$3,66062.5%137Bosnia and Herzegovina2.4%$6,916$6,77024.8%138Japan2.4%$39,285$42,620262%139Jordan2.4%$4,406$4,48089.4%140Republic of the Congo2.4%$2,214$1,63085%141Czech Republic2.3%$26,378$24,07041.9%142Denmark2.3%$67,803$68,11036.7%143Italy2.3%$35,551$35,710151%144Kazakhstan2.3%$10,041$8,72027.4%145Romania2.2%$14,862$14,17048.8%146Switzerland2.2%$93,457$90,36041.4%147Tunisia2.2%$3,924$3,63080%148Vanuatu2.2%$3,127$3,140149Belgium2.1%$51,768$50,510108%150Cyprus2.1%$30,798$28,130104%151Germany2.1%$50,802$51,04069.3%152Eswatini2.1%$4,215$3,680153Albania2%$6,494$6,11078.1%154East Timor2%$1,458$1,940155Mali2%$918$870156Marshall Islands2%$4,171$5,050157Mexico2%$9,926$9,38049.6%158Mongolia2%$4,535$3,76056%159South Africa1.9%$6,994$6,44069.9%160Lithuania1.8%$23,433$21,61044.3%161Luxembourg1.8%$135,68324.5%162Suriname1.8%$4,836$4,440124%163Finland1.6%$53,983$53,66072.4%164Myanmar1.6%$1,187$1,14062.5%165São Tomé and Príncipe1.6%$2,449$2,28088%166Turkmenistan1.6%8%167Armenia1.5%$4,670$4,56060.25%168Chile1.5%$16,503$15,00036.3%169Venezuela1.5%241%170San Marino1.3%171Morocco1.1%$3,497$3,35077.9%172Latvia1%$20,642$19,37044.8%173Yemen1%$69163.1%174Kyrgyzstan0.9%$1,276$1,18060.3%175Nauru0.9%$12,252$19,470176Brazil0.8%$7,519$7,72080.27%177Hong Kong0.5%$49,661$54,450178Haiti0.3%$1,815$1,42023.1%179Moldova0.3%$5,315$5,46032.1%180Paraguay0.3%$5,400$5,34034.6%181Sudan0.3%$764$670182%182Estonia0.2%$27,281$25,97018.1%183Federated States of Micronesia-0.5%$3,477$3,880184Solomon Islands-4%$2,337$2,300185Belarus-6.4%$7,304$6,95033.5%186Russia-8.5%$12,173$11,60018.2%187Ukraine-35%$4,836$4,12048.9%

What is the fastest growing country in the world 2023?

Fastest Growing Economies in the World as of 2023.

Qatar..

Saudi Arabia..

India..

China..

Thailand..

Japan..

Brazil..

Singapore..

Who has the highest GDP growth in 2023?

1. The United States of America. The United States has maintained its position as the world's leading economy and richest country for over 60 years from 1960 to 2023. Its economy is diverse, with strong sectors in services, manufacturing, finance, and technology.