World map showing GDP growth rates for 2008.
The
list of countries of the world sorted by their gross domestic product (real) growth rate shows the increase in value of all final goods and services produced within a nation in a given year -- not taking into account
purchasing power parity and taking into account
inflation.
List
All figures are from the
CIA World Factbook unless otherwise specified.
G-20 major economies are marked in
bold.
Five fastest growing in each region
South and East Asia
Overall in the 20th century, Asia was seen as the area with most growth. The trend is expected to continue into the 21st century, with the majority of economic growth in the region being powered by the rapidly expanding economies of
China and
India, coupled with significant growth occurring in certain parts of South, South-East and especially East Asia. Out of the 10 fastest growing countries in the world, half of that number are located in
Asia.
North America
North America, even though one of the slowest growing continents, has stable growth. Most of the faster growing economies are in the Caribbean.
South America
South America has a boom and bust growth with high followed by recession growth, most notable in
Brazil, however growth has been stabilizing and the whole continent is growing.
Africa
Africa has seen some of the fastest growing economies in the world, but also some of the slowest, including several in decline.
Angola, bolstered by oil fields, is the 3rd fastest-growing economy in the world. This contrasts with
Zimbabwe, which is experiencing a precipitous decline. Oil in Africa has created "wealth spots" where a few countries have exceeded their neighbors in wealth. Three of the world's ten fastest-growing economies were African, with some having been at time the fastest-growing in the world. Equatorial Guinea, for example, reached 75% growth in 2004 because of oil production.
Europe
Europe has had one of the most stable growth rates in the world. The east, in particular, has seen an increase in GDP in recent years. Most countries are growing at a medium speed; however, many smaller countries exceed 7% and grow much faster than their neighbors. Out of the 10 fastest growing countries in the world, one is in Europe.
[https://www.cia.gov/library/publications/the-world-factbook/rankorder/2003rank.html]Caucasus and Central Asia
Middle East / West Asia
Oceania
See also
Sources
- [https://www.cia.gov/library/publications/the-world-factbook/rankorder/2003rank.html GDP (real) growth rate list] by the CIA World Factbook
