5 Countries with Developing Economies but Slow Growth Rates

In this article, we will take a look at the 5 countries with developing economies but slow growth rates. If you wish to see our detailed analysis, you can go to 25 Countries with Developing Economies but Slow Growth Rates.

5. Poland

GDP (2023): $842.17 Billion

Real GDP Growth Rate (2023): 0.6%

According to the IMF, Poland’s real GDP growth was reported to be 0.6% in 2023 while the overall GDP was recorded at $842.17 billion. Hence, Poland ranks among countries with developing economies but slow growth rates.

4. Saudi Arabia

GDP (2023): $1.07 Trillion

Real GDP Growth Rate (2023): 0.8%

Saudi Arabia is a Middle Eastern country that recorded a total GDP of $1.07 trillion in 2023 while the country’s real GDP growth was recorded at 0.8%.

3. Mexico

GDP (2023): $1.81 Trillion

Real GDP Growth Rate (2023): 3.2%

In 2023, the GDP of Mexico was recorded at $1.81 trillion. The real GDP growth was reported to be 3.2%. Hence, Mexico is another country with a developing economy but a slow growth rate.

2. Russia

GDP (2023): $1.86 Trillion

Real GDP Growth Rate (2023): 2.2%

Russia recorded a real GDP growth of 2.2% in 2023. This ranks the country among other countries with developing economies but slow growth rates.

1. Brazil

GDP (2023): $2.13 Trillion

Real GDP Growth Rate (2023): 3.1%

Brazil ranks at the top of the 25 countries with developing economies but slow growth rates. In 2023, the country’s real GDP growth was recorded at 3.1%. In the same period, Brazil’s total GDP was reported to be $2.13 trillion.

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