5 Countries with the Highest Annual GDP Growth in the World

In this article, we will look at the 5 countries with the highest annual GDP growth in the world. If you wish to look at our detailed analysis, you can go to 20 Countries with the Highest Annual GDP Growth in the World.

5. Tajikistan

Annual Real GDP Growth as of 2023: 8.3%

Current GDP as of 2023: 11.86 billion 

As of 2023, Tajikistan had an annual GDP growth of 8.3%. The country’s current GDP in the same year was $11.86 billion, ranking it fifth on our list.

4. Armenia

Annual Real GDP Growth as of 2023: 8.7%

Current GDP as of 2023: $24.16 billion 

Formerly a part of the Soviet Republic, Armenia is a mountainous country located in the Caucasus region on the crossroads of Asia and Europe. The country has a population of 2.78 million people as of 2022. It ranks fourth on our list, with an annual GDP growth of 8.7% in 2023.

3. Libya

Annual Real GDP Growth as of 2023: 10.2%

Current GDP as of 2023: $45.01 billion

Libya is a North African country bordering the Mediterranean Sea to the north. The country has an annual GDP growth of 10.2% as of 2023, ranking it third on our list.

2. Guyana

Annual Real GDP Growth as of 2023: 33%

Current GDP as of 2023: $17.05 billion 

Guyana ranks second on our list. The South American country’s GDP increased by an exponential 63.4% in 2022 because of expansion in oil production, and by 33% in 2023. Development in the O&G sector has enabled improvement in the non-oil economy and industries of the country as well.

1. Macau

Annual Real GDP Growth as of 2023: 80.5%

Current GDP as of 2023: $47.06 billion

Macau ranks first on our list of the 20 countries with the highest annual GDP growth in the world. Macau is a special administrative region of China. The country’s GDP grew by 80.5% in 2023, with tourism-related gambling being a primary force behind it.

You can also look at 50 Richest Countries in the World by GDP Per Capita in 2024 and 30 Countries with Highest Debt-to-GDP: 2024 Rankings.