5 Fastest Developing Countries in 2023

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1. Guyana

2023 Growth Percentage Change: 37.5%

Guyana’s economy is thriving due to its rapidly expanding oil production. The country’s GDP was worth 8.044 billion USD in 2021. As one of the world’s fastest-growing economies, Guyana is expected to double its GDP by 2023, boosting per capita income to over $20,000. Increasing oil and gas revenues enables significant investment in infrastructure and poverty reduction efforts.

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