5 Fastest Growing Economies in the Last 50 Years

In this article, we will discuss the 5 fastest growing economies in the last 50 years. If you want to read our detailed analysis, you can go directly to 25 Fastest Growing Economies in the Last 50 Years.

5. Botswana

Average Real GDP Growth (1972-2022): 7.10%

GDP (PPP): $55.24 Billion

Botswana has a GDP of $55.24 billion, as of 2024. Botswana’s real GDP has grown at an average rate of 7.10% between 1972 and 2022. Botswana ranks fifth among the fastest growing economies in the last 50 years.

4. Iraq

Average Real GDP Growth (1972-2022): 7.28%

GDP (PPP): $535.81 Billion

Iraq has a GDP of $535.81 billion, as of 2024. Iraq has grown at an average rate of 7.28% between 1972 and 2022.

3. Maldives

Average Real GDP Growth (1972-2022): 7.41%

GDP (PPP): $15.83 Billion

Maldives has a GDP of $15.83 billion, as of 2024. Maldives’s economy has grown at an average rate of 7.14% in the last 50 years, from 1972 to 2022.

2. China

Average Real GDP Growth (1972-2022): 8.60%

GDP (PPP): $35.04 Trillion

China is one of the largest economies in the world. China has a GDP of $35.04 trillion and an average real GDP growth rate of 8.60% between 1972 and 2022. China has been one of the fastest growing economies in the last 50 years.

1. Equatorial Guinea

Average Real GDP Growth (1972-2022): 13.13%

GDP (PPP): $27.41 Billion

Equatorial Guinea has a GDP of $27.41 billion, as of 2024. Equatorial Guinea’s real GDP has grown at an average rate of 13.13% between 1972 and 2022. Equatorial Guinea ranks first among the fastest growing economies in the last 50 years.

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