GDP Growth by Country

What Is GDP Growth by Country?

GDP Growth measures the annual percentage change in a country’s total economic output compared to the previous year. It reflects how quickly a nation’s economy is expanding or contracting in real terms, adjusted for inflation. This indicator shows the pace at which a country produces more goods and services over time.

Why GDP Growth Matters to a Country’s Progress

  • Demonstrates economic momentum, indicating whether an economy is accelerating or slowing relative to its own past.
  • Signals potential changes in employment and income levels, as faster growth generally creates more job opportunities.
  • Attracts or deters investment, since sustained growth rates often draw foreign capital and business confidence.

How to Read the Rankings

  • A higher growth rate indicates a faster-expanding economy, while a negative rate means economic contraction.
  • “Most Recent Year” shows the latest annual percentage change; “Change” is not used since the value itself is the year-over-year comparison.
  • Volatile spikes or dips can result from one-time events (e.g., commodity booms, natural disasters) rather than long-term trends.

Implications for Policy & Society

  • Rapid growth can give governments more tax revenue to fund infrastructure, education, and health programs.
  • Policymakers may tighten monetary or fiscal policy to cool an overheated economy when growth is excessively high.
  • Moderate, stable growth supports job creation without triggering unsustainable asset bubbles or high inflation.
  • Sudden downturns often prompt stimulus measures or relief packages to protect vulnerable populations and stabilize markets.

Ranking Highlights

  • Ukraine tops the progress rankings in GDP Growth, recording an increase from -28.76% to 5.32%. Libya follows with a gain from -8.25% to 10.16%, while Samoa rounds out the top three, rising from -5.31% to 8.58%.
  • Across all 190 countries, the average year-over-year change was -1.63 percentage points% with a median change of -0.88 percentage points%.
  • Overall, 67 countries improved in this area while 123 worsened. Click on a country to open the full country scorecard and see how it performs across a range of key indicators.
Rank Country Most Recent Year Previous Year Change
1Ukraine flag Ukraine5.32% (2023)-28.76% (2022)+34.08 pp
2Libya flag Libya10.16% (2023)-8.25% (2022)+18.41 pp
3Samoa flag Samoa8.58% (2023)-5.31% (2022)+13.89 pp
4Afghanistan flag Afghanistan2.71% (2023)-6.24% (2022)+8.95 pp
5Belarus flag Belarus3.89% (2023)-4.66% (2022)+8.55 pp
6Lebanon flag Lebanon-0.62% (2022)-7.00% (2021)+6.38 pp
7Yemen flag Yemen0.75% (2018)-5.07% (2017)+5.82 pp
8Moldova flag Moldova0.78% (2023)-5.02% (2022)+5.80 pp
9Russia flag Russia3.60% (2023)-2.07% (2022)+5.67 pp
10Eswatini flag Eswatini5.01% (2023)-0.07% (2022)+5.08 pp
11Sri Lanka flag Sri Lanka-2.30% (2023)-7.35% (2022)+5.05 pp
12Paraguay flag Paraguay4.71% (2023)0.18% (2022)+4.53 pp
13Malta flag Malta7.50% (2023)4.15% (2022)+3.35 pp
14Palau flag Palau1.88% (2023)-1.32% (2022)+3.20 pp
15Tuvalu flag Tuvalu3.85% (2023)0.68% (2022)+3.17 pp
16Brunei flag Brunei1.41% (2023)-1.63% (2022)+3.04 pp
17Djibouti flag Djibouti6.68% (2023)3.73% (2022)+2.95 pp
18Guinea flag Guinea6.74% (2023)3.97% (2022)+2.77 pp
19Timor-Leste flag Timor-Leste-18.12% (2023)-20.58% (2022)+2.46 pp
20Mongolia flag Mongolia7.42% (2023)5.03% (2022)+2.39 pp
21China flag China5.25% (2023)2.95% (2022)+2.30 pp
22Kazakhstan flag Kazakhstan5.10% (2023)3.20% (2022)+1.90 pp
23Morocco flag Morocco3.40% (2023)1.53% (2022)+1.87 pp
24Micronesia flag Micronesia0.78% (2023)-0.78% (2022)+1.56 pp
25Somalia flag Somalia4.22% (2023)2.73% (2022)+1.49 pp
26Burkina Faso flag Burkina Faso2.96% (2023)1.50% (2022)+1.46 pp
27Chad flag Chad4.12% (2023)2.80% (2022)+1.32 pp
28Iran flag Iran5.04% (2023)3.78% (2022)+1.26 pp
29Serbia flag Serbia3.85% (2023)2.63% (2022)+1.22 pp
30Mali flag Mali4.66% (2023)3.47% (2022)+1.19 pp
31Ethiopia flag Ethiopia6.50% (2023)5.32% (2022)+1.18 pp
32India flag India8.15% (2023)6.99% (2022)+1.16 pp
33Mozambique flag Mozambique5.44% (2023)4.36% (2022)+1.08 pp
34Laos flag Laos3.75% (2023)2.71% (2022)+1.04 pp
35Malawi flag Malawi1.89% (2023)0.92% (2022)+0.97 pp
36Denmark flag Denmark2.50% (2023)1.54% (2022)+0.96 pp
37Slovakia flag Slovakia1.38% (2023)0.45% (2022)+0.93 pp
38Burundi flag Burundi2.70% (2023)1.85% (2022)+0.85 pp
39Nicaragua flag Nicaragua4.57% (2023)3.75% (2022)+0.82 pp
40Bhutan flag Bhutan5.21% (2022)4.42% (2021)+0.79 pp
41Senegal flag Senegal4.58% (2023)3.83% (2022)+0.75 pp
42Uganda flag Uganda5.34% (2023)4.59% (2022)+0.75 pp
43Japan flag Japan1.68% (2023)0.95% (2022)+0.73 pp
44El Salvador flag El Salvador3.51% (2023)2.80% (2022)+0.71 pp
45Kenya flag Kenya5.56% (2023)4.86% (2022)+0.70 pp
46Solomon Islands flag Solomon Islands3.08% (2023)2.40% (2022)+0.68 pp
47Togo flag Togo6.41% (2023)5.76% (2022)+0.65 pp
48Guinea-Bissau flag Guinea-Bissau5.20% (2023)4.61% (2022)+0.59 pp
49Costa Rica flag Costa Rica5.11% (2023)4.55% (2022)+0.56 pp
50Tanzania flag Tanzania5.07% (2023)4.57% (2022)+0.50 pp
51Algeria flag Algeria4.10% (2023)3.60% (2022)+0.50 pp
52Congo flag Congo1.91% (2023)1.48% (2022)+0.43 pp
53Sierra Leone flag Sierra Leone5.71% (2023)5.31% (2022)+0.40 pp
54Comoros flag Comoros3.00% (2023)2.60% (2022)+0.40 pp
55United States flag United States2.89% (2023)2.51% (2022)+0.38 pp
56Central African Republic flag Central African Republic0.87% (2023)0.50% (2022)+0.37 pp
57Tajikistan flag Tajikistan8.30% (2023)8.00% (2022)+0.30 pp
58Uzbekistan flag Uzbekistan6.29% (2023)6.00% (2022)+0.29 pp
59Vanuatu flag Vanuatu2.21% (2023)1.92% (2022)+0.29 pp
60Kiribati flag Kiribati4.12% (2023)3.91% (2022)+0.21 pp
61Sao Tome and Principe flag Sao Tome and Principe0.37% (2023)0.17% (2022)+0.20 pp
62Zambia flag Zambia5.37% (2023)5.21% (2022)+0.16 pp
63Suriname flag Suriname2.54% (2023)2.41% (2022)+0.13 pp
64Benin flag Benin6.35% (2023)6.25% (2022)+0.10 pp
65Turkmenistan flag Turkmenistan6.30% (2023)6.20% (2022)+0.10 pp
66Rwanda flag Rwanda8.24% (2023)8.16% (2022)+0.08 pp
67Jordan flag Jordan2.68% (2023)2.65% (2022)+0.03 pp
68Côte d'Ivoire flag Côte d'Ivoire6.20% (2023)6.22% (2022)-0.02 pp
69Montenegro flag Montenegro6.34% (2023)6.41% (2022)-0.07 pp
70Latvia flag Latvia1.71% (2023)1.81% (2022)-0.10 pp
71Brazil flag Brazil2.91% (2023)3.02% (2022)-0.11 pp
72Liberia flag Liberia4.68% (2023)4.81% (2022)-0.13 pp
73Trinidad and Tobago flag Trinidad and Tobago1.35% (2023)1.48% (2022)-0.13 pp
74Cambodia flag Cambodia4.96% (2023)5.10% (2022)-0.14 pp
75Haiti flag Haiti-1.86% (2023)-1.68% (2022)-0.18 pp
76Madagascar flag Madagascar3.80% (2023)4.00% (2022)-0.20 pp
77Indonesia flag Indonesia5.05% (2023)5.31% (2022)-0.26 pp
78Mauritania flag Mauritania6.51% (2023)6.80% (2022)-0.29 pp
79Democratic Republic of the Congo flag Democratic Republic of the Congo8.56% (2023)8.92% (2022)-0.36 pp
80Nigeria flag Nigeria2.86% (2023)3.25% (2022)-0.39 pp
81Türkiye flag Türkiye5.11% (2023)5.53% (2022)-0.42 pp
82Mexico flag Mexico3.20% (2023)3.69% (2022)-0.49 pp
83Cameroon flag Cameroon3.25% (2023)3.74% (2022)-0.49 pp
84Bolivia flag Bolivia3.08% (2023)3.61% (2022)-0.53 pp
85Honduras flag Honduras3.58% (2023)4.14% (2022)-0.56 pp
86Lesotho flag Lesotho1.83% (2023)2.39% (2022)-0.56 pp
87Thailand flag Thailand1.89% (2023)2.46% (2022)-0.57 pp
88Gabon flag Gabon2.45% (2023)3.04% (2022)-0.59 pp
89Slovenia flag Slovenia2.11% (2023)2.70% (2022)-0.59 pp
90Guatemala flag Guatemala3.53% (2023)4.20% (2022)-0.67 pp
91North Macedonia flag North Macedonia2.07% (2023)2.76% (2022)-0.69 pp
92Gambia flag Gambia4.80% (2023)5.49% (2022)-0.69 pp
93Zimbabwe flag Zimbabwe5.34% (2023)6.14% (2022)-0.80 pp
94Australia flag Australia3.44% (2023)4.24% (2022)-0.80 pp
95Dominica flag Dominica4.71% (2023)5.58% (2022)-0.87 pp
96Ghana flag Ghana2.94% (2023)3.82% (2022)-0.88 pp
97Albania flag Albania3.94% (2023)4.83% (2022)-0.89 pp
98Syria flag Syria0.73% (2022)1.85% (2021)-1.12 pp
99Saint Vincent and the Grenadines flag Saint Vincent and the Grenadines6.02% (2023)7.16% (2022)-1.14 pp
100Namibia flag Namibia4.16% (2023)5.35% (2022)-1.19 pp
101South Africa flag South Africa0.70% (2023)1.91% (2022)-1.21 pp
102South Korea flag South Korea1.36% (2023)2.61% (2022)-1.25 pp
103Bangladesh flag Bangladesh5.78% (2023)7.10% (2022)-1.32 pp
104Romania flag Romania2.40% (2023)3.97% (2022)-1.57 pp
105France flag France0.94% (2023)2.57% (2022)-1.63 pp
106Germany flag Germany-0.27% (2023)1.37% (2022)-1.64 pp
107Sweden flag Sweden-0.31% (2023)1.46% (2022)-1.77 pp
108Chile flag Chile0.22% (2023)2.06% (2022)-1.84 pp
109Switzerland flag Switzerland0.72% (2023)2.57% (2022)-1.85 pp
110Mauritius flag Mauritius6.96% (2023)8.88% (2022)-1.92 pp
111Bosnia and Herzegovina flag Bosnia and Herzegovina2.21% (2023)4.23% (2022)-2.02 pp
112Philippines flag Philippines5.55% (2023)7.58% (2022)-2.03 pp
113Angola flag Angola1.00% (2023)3.04% (2022)-2.04 pp
114New Zealand flag New Zealand0.73% (2023)2.77% (2022)-2.04 pp
115Bulgaria flag Bulgaria1.89% (2023)4.04% (2022)-2.15 pp
116Lithuania flag Lithuania0.34% (2023)2.54% (2022)-2.20 pp
117Nauru flag Nauru0.59% (2023)3.02% (2022)-2.43 pp
118Luxembourg flag Luxembourg-1.10% (2023)1.38% (2022)-2.48 pp
119Dominican Republic flag Dominican Republic2.36% (2023)4.86% (2022)-2.50 pp
120Norway flag Norway0.48% (2023)3.01% (2022)-2.53 pp
121Canada flag Canada1.25% (2023)3.82% (2022)-2.57 pp
122Finland flag Finland-1.16% (2023)1.45% (2022)-2.61 pp
123Tunisia flag Tunisia0.04% (2023)2.67% (2022)-2.63 pp
124Papua New Guinea flag Papua New Guinea3.04% (2023)5.71% (2022)-2.67 pp
125Tonga flag Tonga-2.31% (2022)0.36% (2021)-2.67 pp
126Singapore flag Singapore1.08% (2023)3.84% (2022)-2.76 pp
127Botswana flag Botswana2.73% (2023)5.49% (2022)-2.76 pp
128Marshall Islands flag Marshall Islands-3.93% (2023)-1.12% (2022)-2.81 pp
129Kyrgyzstan flag Kyrgyzstan6.15% (2023)8.97% (2022)-2.82 pp
130Egypt flag Egypt3.76% (2023)6.59% (2022)-2.83 pp
131Czech Republic flag Czech Republic-0.09% (2023)2.85% (2022)-2.94 pp
132Belgium flag Belgium1.25% (2023)4.23% (2022)-2.98 pp
133Bahrain flag Bahrain2.98% (2023)5.98% (2022)-3.00 pp
134Qatar flag Qatar1.19% (2023)4.19% (2022)-3.00 pp
135Jamaica flag Jamaica2.20% (2023)5.22% (2022)-3.02 pp
136Vietnam flag Vietnam5.05% (2023)8.12% (2022)-3.07 pp
137Estonia flag Estonia-3.02% (2023)0.06% (2022)-3.08 pp
138Myanmar flag Myanmar0.96% (2023)4.04% (2022)-3.08 pp
139Georgia flag Georgia7.83% (2023)10.96% (2022)-3.13 pp
140Peru flag Peru-0.55% (2023)2.73% (2022)-3.28 pp
141Panama flag Panama7.40% (2023)10.77% (2022)-3.37 pp
142Greece flag Greece2.33% (2023)5.74% (2022)-3.41 pp
143Spain flag Spain2.68% (2023)6.18% (2022)-3.50 pp
144Azerbaijan flag Azerbaijan1.12% (2023)4.71% (2022)-3.59 pp
145Nepal flag Nepal1.95% (2023)5.63% (2022)-3.68 pp
146Cuba flag Cuba-1.93% (2023)1.77% (2022)-3.70 pp
147Grenada flag Grenada3.57% (2023)7.32% (2022)-3.75 pp
148Ecuador flag Ecuador2.36% (2023)6.19% (2022)-3.83 pp
149United Arab Emirates flag United Arab Emirates3.62% (2023)7.51% (2022)-3.89 pp
150Iceland flag Iceland5.04% (2023)8.99% (2022)-3.95 pp
151Italy flag Italy0.70% (2023)4.66% (2022)-3.96 pp
152Croatia flag Croatia3.30% (2023)7.29% (2022)-3.99 pp
153Israel flag Israel2.42% (2023)6.47% (2022)-4.05 pp
154Armenia flag Armenia8.30% (2023)12.60% (2022)-4.30 pp
155Uruguay flag Uruguay0.37% (2023)4.71% (2022)-4.34 pp
156Portugal flag Portugal2.53% (2023)6.99% (2022)-4.46 pp
157United Kingdom flag United Kingdom0.34% (2023)4.84% (2022)-4.50 pp
158Cyprus flag Cyprus2.61% (2023)7.37% (2022)-4.76 pp
159Pakistan flag Pakistan-0.04% (2023)4.78% (2022)-4.82 pp
160Netherlands flag Netherlands0.07% (2023)5.01% (2022)-4.94 pp
161Poland flag Poland0.14% (2023)5.26% (2022)-5.12 pp
162Venezuela flag Venezuela-3.89% (2014)1.34% (2013)-5.23 pp
163Malaysia flag Malaysia3.56% (2023)8.86% (2022)-5.30 pp
164Hungary flag Hungary-0.91% (2023)4.58% (2022)-5.49 pp
165Antigua and Barbuda flag Antigua and Barbuda3.86% (2023)9.52% (2022)-5.66 pp
166San Marino flag San Marino7.90% (2022)13.90% (2021)-6.00 pp
167Monaco flag Monaco5.04% (2023)11.05% (2022)-6.01 pp
168Austria flag Austria-0.95% (2023)5.28% (2022)-6.23 pp
169Colombia flag Colombia0.61% (2023)7.29% (2022)-6.68 pp
170Argentina flag Argentina-1.61% (2023)5.27% (2022)-6.88 pp
171Andorra flag Andorra2.58% (2023)9.56% (2022)-6.98 pp
172Bahamas flag Bahamas2.64% (2023)10.78% (2022)-8.14 pp
173Saint Kitts and Nevis flag Saint Kitts and Nevis2.28% (2023)10.52% (2022)-8.24 pp
174Saudi Arabia flag Saudi Arabia-0.75% (2023)7.49% (2022)-8.24 pp
175Oman flag Oman1.31% (2023)9.58% (2022)-8.27 pp
176Equatorial Guinea flag Equatorial Guinea-5.09% (2023)3.22% (2022)-8.31 pp
177Belize flag Belize1.15% (2023)9.65% (2022)-8.50 pp
178Maldives flag Maldives4.73% (2023)13.83% (2022)-9.10 pp
179Niger flag Niger2.50% (2023)11.90% (2022)-9.40 pp
180Kuwait flag Kuwait-3.64% (2023)5.86% (2022)-9.50 pp
181Cabo Verde flag Cabo Verde5.48% (2023)15.84% (2022)-10.36 pp
182Iraq flag Iraq-2.94% (2023)7.64% (2022)-10.58 pp
183Seychelles flag Seychelles3.16% (2023)14.98% (2022)-11.82 pp
184Fiji flag Fiji7.52% (2023)19.79% (2022)-12.27 pp
185Barbados flag Barbados4.09% (2023)17.83% (2022)-13.74 pp
186Ireland flag Ireland-5.53% (2023)8.62% (2022)-14.15 pp
187South Sudan flag South Sudan-10.79% (2015)3.37% (2014)-14.16 pp
188Saint Lucia flag Saint Lucia2.21% (2023)20.39% (2022)-18.18 pp
189Sudan flag Sudan-20.11% (2023)-0.96% (2022)-19.15 pp
190Guyana flag Guyana33.80% (2023)63.33% (2022)-29.53 pp

Source: World Bank. Only countries with complete data (both points within the past 10 years) are shown.