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.
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.
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.
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 |
|---|---|---|---|---|
| 1 |  Ukraine | 5.32% (2023) | -28.76% (2022) | +34.08 pp |
| 2 |  Libya | 10.16% (2023) | -8.25% (2022) | +18.41 pp |
| 3 |  Samoa | 8.58% (2023) | -5.31% (2022) | +13.89 pp |
| 4 |  Afghanistan | 2.71% (2023) | -6.24% (2022) | +8.95 pp |
| 5 |  Belarus | 3.89% (2023) | -4.66% (2022) | +8.55 pp |
| 6 |  Lebanon | -0.62% (2022) | -7.00% (2021) | +6.38 pp |
| 7 |  Yemen | 0.75% (2018) | -5.07% (2017) | +5.82 pp |
| 8 |  Moldova | 0.78% (2023) | -5.02% (2022) | +5.80 pp |
| 9 |  Russia | 3.60% (2023) | -2.07% (2022) | +5.67 pp |
| 10 |  Eswatini | 5.01% (2023) | -0.07% (2022) | +5.08 pp |
| 11 |  Sri Lanka | -2.30% (2023) | -7.35% (2022) | +5.05 pp |
| 12 |  Paraguay | 4.71% (2023) | 0.18% (2022) | +4.53 pp |
| 13 |  Malta | 7.50% (2023) | 4.15% (2022) | +3.35 pp |
| 14 |  Palau | 1.88% (2023) | -1.32% (2022) | +3.20 pp |
| 15 |  Tuvalu | 3.85% (2023) | 0.68% (2022) | +3.17 pp |
| 16 |  Brunei | 1.41% (2023) | -1.63% (2022) | +3.04 pp |
| 17 |  Djibouti | 6.68% (2023) | 3.73% (2022) | +2.95 pp |
| 18 |  Guinea | 6.74% (2023) | 3.97% (2022) | +2.77 pp |
| 19 |  Timor-Leste | -18.12% (2023) | -20.58% (2022) | +2.46 pp |
| 20 |  Mongolia | 7.42% (2023) | 5.03% (2022) | +2.39 pp |
| 21 |  China | 5.25% (2023) | 2.95% (2022) | +2.30 pp |
| 22 |  Kazakhstan | 5.10% (2023) | 3.20% (2022) | +1.90 pp |
| 23 |  Morocco | 3.40% (2023) | 1.53% (2022) | +1.87 pp |
| 24 |  Micronesia | 0.78% (2023) | -0.78% (2022) | +1.56 pp |
| 25 |  Somalia | 4.22% (2023) | 2.73% (2022) | +1.49 pp |
| 26 |  Burkina Faso | 2.96% (2023) | 1.50% (2022) | +1.46 pp |
| 27 |  Chad | 4.12% (2023) | 2.80% (2022) | +1.32 pp |
| 28 |  Iran | 5.04% (2023) | 3.78% (2022) | +1.26 pp |
| 29 |  Serbia | 3.85% (2023) | 2.63% (2022) | +1.22 pp |
| 30 |  Mali | 4.66% (2023) | 3.47% (2022) | +1.19 pp |
| 31 |  Ethiopia | 6.50% (2023) | 5.32% (2022) | +1.18 pp |
| 32 |  India | 8.15% (2023) | 6.99% (2022) | +1.16 pp |
| 33 |  Mozambique | 5.44% (2023) | 4.36% (2022) | +1.08 pp |
| 34 |  Laos | 3.75% (2023) | 2.71% (2022) | +1.04 pp |
| 35 |  Malawi | 1.89% (2023) | 0.92% (2022) | +0.97 pp |
| 36 |  Denmark | 2.50% (2023) | 1.54% (2022) | +0.96 pp |
| 37 |  Slovakia | 1.38% (2023) | 0.45% (2022) | +0.93 pp |
| 38 |  Burundi | 2.70% (2023) | 1.85% (2022) | +0.85 pp |
| 39 |  Nicaragua | 4.57% (2023) | 3.75% (2022) | +0.82 pp |
| 40 |  Bhutan | 5.21% (2022) | 4.42% (2021) | +0.79 pp |
| 41 |  Senegal | 4.58% (2023) | 3.83% (2022) | +0.75 pp |
| 42 |  Uganda | 5.34% (2023) | 4.59% (2022) | +0.75 pp |
| 43 |  Japan | 1.68% (2023) | 0.95% (2022) | +0.73 pp |
| 44 |  El Salvador | 3.51% (2023) | 2.80% (2022) | +0.71 pp |
| 45 |  Kenya | 5.56% (2023) | 4.86% (2022) | +0.70 pp |
| 46 |  Solomon Islands | 3.08% (2023) | 2.40% (2022) | +0.68 pp |
| 47 |  Togo | 6.41% (2023) | 5.76% (2022) | +0.65 pp |
| 48 |  Guinea-Bissau | 5.20% (2023) | 4.61% (2022) | +0.59 pp |
| 49 |  Costa Rica | 5.11% (2023) | 4.55% (2022) | +0.56 pp |
| 50 |  Tanzania | 5.07% (2023) | 4.57% (2022) | +0.50 pp |
| 51 |  Algeria | 4.10% (2023) | 3.60% (2022) | +0.50 pp |
| 52 |  Congo | 1.91% (2023) | 1.48% (2022) | +0.43 pp |
| 53 |  Sierra Leone | 5.71% (2023) | 5.31% (2022) | +0.40 pp |
| 54 |  Comoros | 3.00% (2023) | 2.60% (2022) | +0.40 pp |
| 55 |  United States | 2.89% (2023) | 2.51% (2022) | +0.38 pp |
| 56 |  Central African Republic | 0.87% (2023) | 0.50% (2022) | +0.37 pp |
| 57 |  Tajikistan | 8.30% (2023) | 8.00% (2022) | +0.30 pp |
| 58 |  Uzbekistan | 6.29% (2023) | 6.00% (2022) | +0.29 pp |
| 59 |  Vanuatu | 2.21% (2023) | 1.92% (2022) | +0.29 pp |
| 60 |  Kiribati | 4.12% (2023) | 3.91% (2022) | +0.21 pp |
| 61 |  Sao Tome and Principe | 0.37% (2023) | 0.17% (2022) | +0.20 pp |
| 62 |  Zambia | 5.37% (2023) | 5.21% (2022) | +0.16 pp |
| 63 |  Suriname | 2.54% (2023) | 2.41% (2022) | +0.13 pp |
| 64 |  Benin | 6.35% (2023) | 6.25% (2022) | +0.10 pp |
| 65 |  Turkmenistan | 6.30% (2023) | 6.20% (2022) | +0.10 pp |
| 66 |  Rwanda | 8.24% (2023) | 8.16% (2022) | +0.08 pp |
| 67 |  Jordan | 2.68% (2023) | 2.65% (2022) | +0.03 pp |
| 68 |  Côte d'Ivoire | 6.20% (2023) | 6.22% (2022) | -0.02 pp |
| 69 |  Montenegro | 6.34% (2023) | 6.41% (2022) | -0.07 pp |
| 70 |  Latvia | 1.71% (2023) | 1.81% (2022) | -0.10 pp |
| 71 |  Brazil | 2.91% (2023) | 3.02% (2022) | -0.11 pp |
| 72 |  Liberia | 4.68% (2023) | 4.81% (2022) | -0.13 pp |
| 73 |  Trinidad and Tobago | 1.35% (2023) | 1.48% (2022) | -0.13 pp |
| 74 |  Cambodia | 4.96% (2023) | 5.10% (2022) | -0.14 pp |
| 75 |  Haiti | -1.86% (2023) | -1.68% (2022) | -0.18 pp |
| 76 |  Madagascar | 3.80% (2023) | 4.00% (2022) | -0.20 pp |
| 77 |  Indonesia | 5.05% (2023) | 5.31% (2022) | -0.26 pp |
| 78 |  Mauritania | 6.51% (2023) | 6.80% (2022) | -0.29 pp |
| 79 |  Democratic Republic of the Congo | 8.56% (2023) | 8.92% (2022) | -0.36 pp |
| 80 |  Nigeria | 2.86% (2023) | 3.25% (2022) | -0.39 pp |
| 81 |  Türkiye | 5.11% (2023) | 5.53% (2022) | -0.42 pp |
| 82 |  Mexico | 3.20% (2023) | 3.69% (2022) | -0.49 pp |
| 83 |  Cameroon | 3.25% (2023) | 3.74% (2022) | -0.49 pp |
| 84 |  Bolivia | 3.08% (2023) | 3.61% (2022) | -0.53 pp |
| 85 |  Honduras | 3.58% (2023) | 4.14% (2022) | -0.56 pp |
| 86 |  Lesotho | 1.83% (2023) | 2.39% (2022) | -0.56 pp |
| 87 |  Thailand | 1.89% (2023) | 2.46% (2022) | -0.57 pp |
| 88 |  Gabon | 2.45% (2023) | 3.04% (2022) | -0.59 pp |
| 89 |  Slovenia | 2.11% (2023) | 2.70% (2022) | -0.59 pp |
| 90 |  Guatemala | 3.53% (2023) | 4.20% (2022) | -0.67 pp |
| 91 |  North Macedonia | 2.07% (2023) | 2.76% (2022) | -0.69 pp |
| 92 |  Gambia | 4.80% (2023) | 5.49% (2022) | -0.69 pp |
| 93 |  Zimbabwe | 5.34% (2023) | 6.14% (2022) | -0.80 pp |
| 94 |  Australia | 3.44% (2023) | 4.24% (2022) | -0.80 pp |
| 95 |  Dominica | 4.71% (2023) | 5.58% (2022) | -0.87 pp |
| 96 |  Ghana | 2.94% (2023) | 3.82% (2022) | -0.88 pp |
| 97 |  Albania | 3.94% (2023) | 4.83% (2022) | -0.89 pp |
| 98 |  Syria | 0.73% (2022) | 1.85% (2021) | -1.12 pp |
| 99 |  Saint Vincent and the Grenadines | 6.02% (2023) | 7.16% (2022) | -1.14 pp |
| 100 |  Namibia | 4.16% (2023) | 5.35% (2022) | -1.19 pp |
| 101 |  South Africa | 0.70% (2023) | 1.91% (2022) | -1.21 pp |
| 102 |  South Korea | 1.36% (2023) | 2.61% (2022) | -1.25 pp |
| 103 |  Bangladesh | 5.78% (2023) | 7.10% (2022) | -1.32 pp |
| 104 |  Romania | 2.40% (2023) | 3.97% (2022) | -1.57 pp |
| 105 |  France | 0.94% (2023) | 2.57% (2022) | -1.63 pp |
| 106 |  Germany | -0.27% (2023) | 1.37% (2022) | -1.64 pp |
| 107 |  Sweden | -0.31% (2023) | 1.46% (2022) | -1.77 pp |
| 108 |  Chile | 0.22% (2023) | 2.06% (2022) | -1.84 pp |
| 109 |  Switzerland | 0.72% (2023) | 2.57% (2022) | -1.85 pp |
| 110 |  Mauritius | 6.96% (2023) | 8.88% (2022) | -1.92 pp |
| 111 |  Bosnia and Herzegovina | 2.21% (2023) | 4.23% (2022) | -2.02 pp |
| 112 |  Philippines | 5.55% (2023) | 7.58% (2022) | -2.03 pp |
| 113 |  Angola | 1.00% (2023) | 3.04% (2022) | -2.04 pp |
| 114 |  New Zealand | 0.73% (2023) | 2.77% (2022) | -2.04 pp |
| 115 |  Bulgaria | 1.89% (2023) | 4.04% (2022) | -2.15 pp |
| 116 |  Lithuania | 0.34% (2023) | 2.54% (2022) | -2.20 pp |
| 117 |  Nauru | 0.59% (2023) | 3.02% (2022) | -2.43 pp |
| 118 |  Luxembourg | -1.10% (2023) | 1.38% (2022) | -2.48 pp |
| 119 |  Dominican Republic | 2.36% (2023) | 4.86% (2022) | -2.50 pp |
| 120 |  Norway | 0.48% (2023) | 3.01% (2022) | -2.53 pp |
| 121 |  Canada | 1.25% (2023) | 3.82% (2022) | -2.57 pp |
| 122 |  Finland | -1.16% (2023) | 1.45% (2022) | -2.61 pp |
| 123 |  Tunisia | 0.04% (2023) | 2.67% (2022) | -2.63 pp |
| 124 |  Papua New Guinea | 3.04% (2023) | 5.71% (2022) | -2.67 pp |
| 125 |  Tonga | -2.31% (2022) | 0.36% (2021) | -2.67 pp |
| 126 |  Singapore | 1.08% (2023) | 3.84% (2022) | -2.76 pp |
| 127 |  Botswana | 2.73% (2023) | 5.49% (2022) | -2.76 pp |
| 128 |  Marshall Islands | -3.93% (2023) | -1.12% (2022) | -2.81 pp |
| 129 |  Kyrgyzstan | 6.15% (2023) | 8.97% (2022) | -2.82 pp |
| 130 |  Egypt | 3.76% (2023) | 6.59% (2022) | -2.83 pp |
| 131 |  Czech Republic | -0.09% (2023) | 2.85% (2022) | -2.94 pp |
| 132 |  Belgium | 1.25% (2023) | 4.23% (2022) | -2.98 pp |
| 133 |  Bahrain | 2.98% (2023) | 5.98% (2022) | -3.00 pp |
| 134 |  Qatar | 1.19% (2023) | 4.19% (2022) | -3.00 pp |
| 135 |  Jamaica | 2.20% (2023) | 5.22% (2022) | -3.02 pp |
| 136 |  Vietnam | 5.05% (2023) | 8.12% (2022) | -3.07 pp |
| 137 |  Estonia | -3.02% (2023) | 0.06% (2022) | -3.08 pp |
| 138 |  Myanmar | 0.96% (2023) | 4.04% (2022) | -3.08 pp |
| 139 |  Georgia | 7.83% (2023) | 10.96% (2022) | -3.13 pp |
| 140 |  Peru | -0.55% (2023) | 2.73% (2022) | -3.28 pp |
| 141 |  Panama | 7.40% (2023) | 10.77% (2022) | -3.37 pp |
| 142 |  Greece | 2.33% (2023) | 5.74% (2022) | -3.41 pp |
| 143 |  Spain | 2.68% (2023) | 6.18% (2022) | -3.50 pp |
| 144 |  Azerbaijan | 1.12% (2023) | 4.71% (2022) | -3.59 pp |
| 145 |  Nepal | 1.95% (2023) | 5.63% (2022) | -3.68 pp |
| 146 |  Cuba | -1.93% (2023) | 1.77% (2022) | -3.70 pp |
| 147 |  Grenada | 3.57% (2023) | 7.32% (2022) | -3.75 pp |
| 148 |  Ecuador | 2.36% (2023) | 6.19% (2022) | -3.83 pp |
| 149 |  United Arab Emirates | 3.62% (2023) | 7.51% (2022) | -3.89 pp |
| 150 |  Iceland | 5.04% (2023) | 8.99% (2022) | -3.95 pp |
| 151 |  Italy | 0.70% (2023) | 4.66% (2022) | -3.96 pp |
| 152 |  Croatia | 3.30% (2023) | 7.29% (2022) | -3.99 pp |
| 153 |  Israel | 2.42% (2023) | 6.47% (2022) | -4.05 pp |
| 154 |  Armenia | 8.30% (2023) | 12.60% (2022) | -4.30 pp |
| 155 |  Uruguay | 0.37% (2023) | 4.71% (2022) | -4.34 pp |
| 156 |  Portugal | 2.53% (2023) | 6.99% (2022) | -4.46 pp |
| 157 |  United Kingdom | 0.34% (2023) | 4.84% (2022) | -4.50 pp |
| 158 |  Cyprus | 2.61% (2023) | 7.37% (2022) | -4.76 pp |
| 159 |  Pakistan | -0.04% (2023) | 4.78% (2022) | -4.82 pp |
| 160 |  Netherlands | 0.07% (2023) | 5.01% (2022) | -4.94 pp |
| 161 |  Poland | 0.14% (2023) | 5.26% (2022) | -5.12 pp |
| 162 |  Venezuela | -3.89% (2014) | 1.34% (2013) | -5.23 pp |
| 163 |  Malaysia | 3.56% (2023) | 8.86% (2022) | -5.30 pp |
| 164 |  Hungary | -0.91% (2023) | 4.58% (2022) | -5.49 pp |
| 165 |  Antigua and Barbuda | 3.86% (2023) | 9.52% (2022) | -5.66 pp |
| 166 |  San Marino | 7.90% (2022) | 13.90% (2021) | -6.00 pp |
| 167 |  Monaco | 5.04% (2023) | 11.05% (2022) | -6.01 pp |
| 168 |  Austria | -0.95% (2023) | 5.28% (2022) | -6.23 pp |
| 169 |  Colombia | 0.61% (2023) | 7.29% (2022) | -6.68 pp |
| 170 |  Argentina | -1.61% (2023) | 5.27% (2022) | -6.88 pp |
| 171 |  Andorra | 2.58% (2023) | 9.56% (2022) | -6.98 pp |
| 172 |  Bahamas | 2.64% (2023) | 10.78% (2022) | -8.14 pp |
| 173 |  Saint Kitts and Nevis | 2.28% (2023) | 10.52% (2022) | -8.24 pp |
| 174 |  Saudi Arabia | -0.75% (2023) | 7.49% (2022) | -8.24 pp |
| 175 |  Oman | 1.31% (2023) | 9.58% (2022) | -8.27 pp |
| 176 | Equatorial Guinea | -5.09% (2023) | 3.22% (2022) | -8.31 pp |
| 177 |  Belize | 1.15% (2023) | 9.65% (2022) | -8.50 pp |
| 178 |  Maldives | 4.73% (2023) | 13.83% (2022) | -9.10 pp |
| 179 |  Niger | 2.50% (2023) | 11.90% (2022) | -9.40 pp |
| 180 |  Kuwait | -3.64% (2023) | 5.86% (2022) | -9.50 pp |
| 181 |  Cabo Verde | 5.48% (2023) | 15.84% (2022) | -10.36 pp |
| 182 |  Iraq | -2.94% (2023) | 7.64% (2022) | -10.58 pp |
| 183 |  Seychelles | 3.16% (2023) | 14.98% (2022) | -11.82 pp |
| 184 |  Fiji | 7.52% (2023) | 19.79% (2022) | -12.27 pp |
| 185 |  Barbados | 4.09% (2023) | 17.83% (2022) | -13.74 pp |
| 186 |  Ireland | -5.53% (2023) | 8.62% (2022) | -14.15 pp |
| 187 |  South Sudan | -10.79% (2015) | 3.37% (2014) | -14.16 pp |
| 188 |  Saint Lucia | 2.21% (2023) | 20.39% (2022) | -18.18 pp |
| 189 |  Sudan | -20.11% (2023) | -0.96% (2022) | -19.15 pp |
| 190 |  Guyana | 33.80% (2023) | 63.33% (2022) | -29.53 pp |
Source: World Bank. Only countries with complete data (both points within the past 10 years) are shown.