5 Countries With Lowest Rate of Economic Growth in 5 Years

1. Venezuela

Average Real GDP Growth (2018-2022): -13.78%

Venezuela tops the list of countries with the lowest rate of economic growth in the last five years. The crisis that started under Hugo Chavez’s reign has continued under Nicolas Maduro’s government, leading to a complete economic collapse. Hyperinflation, food shortages, and increasing crime rates have led to massive emigration from the country. Western sanctions against the Venezuelan government have further hurt the economy that has contracted by an average of nearly 14% in the last five years. However, in 2022, the economy showed some signs of a recovery having grown by 8% according to figures released by the IMF, but the majority are yet to feel the benefits of the rebound.

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