20 Fastest Developing Countries in 2024

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1. Guyana

GDP Growth Rate in 2024: 33.90%

GDP Per Capita in 2024: $26,590

Guyana is a small nation in South America that is known for its rich biodiversity and natural beauty. Guyana discovered substantial oil and gas reserves, began oil production in 2019, and reached 278,000 barrels per day in 2022. Guyana has a real GDP growth rate of 33.90% and a GDP per capita of $26,590 in 2024. Guyana’s growth rate has been averaging around 42% annually over the last three years, making it the fastest-developing country in the world. Guyana also has fertile agricultural land and valuable minerals like bauxite and gold.

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