Check out details about the Fastest growing Economy in the World – Top 10 List with Growth Rate from this article.Many details regarding the Fastest growing Economy in the World 2023, Top 10 List with Growth Rate can be checked using this article.
- Fastest growing Economy in the World 2023
- Top 10 Fastest growing Economy List with Growth Rate 2023
- Macao SAR [Value: 58.9] [Population: 6,75,766]
- Guyana [Value: 37.2] [Population: 7,97,613]
- Libya [Value: 17.5] [Population: 7,150,270]
- Palau [Value: 8.7] [Population: 18,345]
- Senegal [Value: 8.3] [Population: 18,109,786]
- Maldives [Value: 7.2] [Population: 569,291]
- Fiji [Value: 7] [Population: 915,503]
- Democratic Republic of Congo [Value: 6.3] [Population: 5,936,431]
- Côte d’Ivoire [Value: 6.2] [Population: 28,391,641]
- Rwanda [Value: 6.2] [Population: 13,941,641]
Fastest growing Economy in the World 2023
Many people worldwide are curious about the growth rate, GDP, economic growth, population, and various significant factors of different countries around the globe. Various nations are performing pretty well, whereas many other nations are facing difficulties and challenges. The rankings of the countries based on their economic growth keeps on changing, depending upon various significant factors.
The most commonly used technique to calculate the growth of various countries is by estimating its GDP value. Various factors affecting the economic growth of a country are, Inflation, population, unemployment rate, current account balance of country, debt, and many other factors. Countries, such as India, Macao SAR, Libya, Fiji, Guyana, and several other countries are performing remarkably well in terms of economic growth. Most growing nations contain less population in comparison to other significant nations. However, regardless of vast population, India has shown remarkable growth.
Top 10 Fastest growing Economy List with Growth Rate 2023
There are various countries, including India (5.9), Niger, Philippines, Vietnam, Ireland, Armenia, Uzbekistan, and several other countries in the complete list of fastest growing economies in the world. The rankings of these countries based on economic growth can change depending on various factors listed above.
However, according to IMF, depending on the highest growth rates, the top 10 countries are-
Macao SAR [Value: 58.9] [Population: 6,75,766]
This population of Macao SAR is approximately 6,75,766 (May 2023). According to IMF, this small nation has the highest Real GDP growth value in April 2023. The current GDP-PPP of Macao SAR is around 89,558 dollars (May 2023). However, IMP expects the growth value to go down in the coming years.
Guyana [Value: 37.2] [Population: 7,97,613]
The second country in this list is Guyana, with the Real GDP growth value of 37.2. The population of this South American country is approximately 7,97,613 (May, 2023). The current GDP-PPP of Guyana is around 60.65 thousand dollars (May 2023). IMF expects this country to assume the first position in Real GDP growth in 2024.
Libya [Value: 17.5] [Population: 7,150,270]
Next country in this significant list is Libya, with the Real GDP growth value of 17.5. The current population of this nation is around 7,150,270 (May 2023). However, the GDP-PPP of Libya is around 24.6 thousand dollars (May 2023). The Real GDP Growth value of Libya will decrease in the upcoming years.
Palau [Value: 8.7] [Population: 18,345]
After Libya, the next country in this list is Palau with the Real GDP growth value of 8.7. The current population of this nation is around 18,345 (May 2023). The GDP-PPP of Palau is around 16.39 thousand dollars (May 2023). The current Real GDP growth value of this nation is expected to increase slowly in the forthcoming years.
Senegal [Value: 8.3] [Population: 18,109,786]
Next significant country in this list is Senegal with the Real GDP growth value of 8.3. The current population of this nation is around 18,109,786 (May 2023). However, the GDP-PPP of Senegal is around 4.51 thousand dollars (May 2023).
Maldives [Value: 7.2] [Population: 569,291]
After Senegal, the next country in this list is Maldives with the Real GDP growth value of 7.2. The current population of this nation is around 569,291 (May 2023). The GDP-PPP of Maldives is around 36.36 thousand dollars (May 2023).
Fiji [Value: 7] [Population: 915,503]
Next country in this list is Fiji with the Real GDP growth value of 7. The current population of this nation is around 915,503 (May 2023). The GDP-PPP of Fiji is around 15.73 thousand dollars (May 2023). The Real GDP growth value of this nation is expected to go down in the next few years.
Democratic Republic of Congo [Value: 6.3] [Population: 5,936,431]
After Fiji, next country in this list is the Democratic Republic of Congo with the Real GDP growth value of 6.3. The current population of the Democratic Republic of Congo is approximately 5,936,431 (May 2023). The GDP-PPP of the Democratic Republic of Congo is around 5.16 thousand dollars (May 2023). The Real GDP Growth value of this significant nation is expected to increase in the forthcoming years.
India Vs China Power Comparison
Côte d’Ivoire [Value: 6.2] [Population: 28,391,641]
Next country in this list is Côte d’Ivoire with the Real GDP growth value of 6.2. The current population of this Western African nation is around 28,391,058 (May 2023). However, the GDP-PPP of Côte d’Ivoire is around 7.01 thousand dollars (May 2023). The Real GDP Growth value of this nation is expected to slowly increase in the forthcoming years.
Rwanda [Value: 6.2] [Population: 13,941,641]
The tenth country in this list is Rwanda with the Real GDP growth value of 6.2. The current population of this Western African nation is around 13,941,641 (May 2023). However, the GDP-PPP of Côte d’Ivoire is around 3.09 thousand dollars (May 2023). IMF expects the Real GDP growth value of this significant nation to slowly increase in the upcoming years.
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