5 Fastest Growing Regions in the World

3. Western Africa 

Annual Real GDP Growth: 4.9%

Another major region that has a high real GDP growth in the world is Western Africa. The region has witnessed real GDP growth of 4.9%, as of 2023. Some of the fastest growing economies in Africa include Kenya, Botswana, Rwanda and Libya. The regional economy is expanding as the population continues to rise. The region is also deemed favorable for agriculture and digital technology sectors.