5 Fastest Growing Economies in the World in 2023

In this article, we will discuss the 5 fastest growing economies in the world in 2023. If you want to read the detailed analysis, click 25 Fastest Growing Economies in the World in 2023.

5. Fiji

GDP Growth Rate (2023): 7.50%

GDP Per Capita (2023): $6,020

Fiji is an island country located in the South Pacific. The island country has a real GDP of $5.51 billion and a GDP per capita of $6,020. With an expected growth rate of 7.50% in 2023, Fiji ranks among the fastest growing economies in the world in 2023.

4. Samoa

GDP Growth Rate (2023): 8%

GDP Per Capita (2023): $4,640

Samoa is an island country located in Oceania. The country has a small economy with a real GDP of $940 million and a GDP per capita of $4,640. Samoa’s GDP growth rate of 8% makes it one of the fastest growing economies in the world in 2023.

3. Libya

GDP Growth Rate (2023): 12.50%

GDP Per Capita (2023): $5,870

Libya is the fastest growing economy in Africa with a projected growth rate of 12.50% in 2023. The country has a real GDP of $40.19 billion and a GDP per capita of $5,870. Libya is placed third among the fastest growing economies in the world in 2023.

2. Guyana

GDP Growth Rate (2023): 38.40%

GDP Per Capita (2023): $20,560

Guyana is a South American country having a real GDP of $16.33 billion. The country has a GDP per capita of $20,560 and a projected growth rate of 38.40% in 2023. Guyana ranks second among the fastest growing economies in the world in 2023.

1. Macao

GDP Growth Rate (2023): 74.40%

GDP Per Capita (2023): $54,300

By far, Macao ranks first on our list of the fastest growing economies in the world in 2023 with a projected growth rate of 74.40%. Macao has a real GDP of $38.48 billion and a GDP per capita of $54,300. 

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