20 Fastest Developing Countries in 2024

2. Palau

GDP Growth Rate in 2024: 12.40%

GDP Per Capita in 2024: $17,440

Palau is a small island nation in the Western Pacific Ocean and is famous for its tourism, which attracts visitors from around the world. Other than tourism Palau also has a fishing and agriculture industry. Palau has a GDP per capita of $17,440 and a GDP growth rate of 12.40%, making it one of the fastest-developing countries in the world.