In 2024, Guyana recorded an impressive GDP growth of 43.8%, marking the highest global increase.

Key takeaways:

  • Guyana leads with a 43.8% GDP growth, driven by its oil boom and foreign investment.
  • Interestingly, the rest of the list comprises smaller economies, including Samoa, Palau, and Rwanda, each showing promising growth rates.
  • African countries like Niger and Rwanda take significant spots on the list.
  • Nigeria has a growth rate of 2.9%, putting the country in 104th position worldwide (out of 190 countries)
  • The list reflects diverse regional representation, from Africa (Rwanda, Niger) to Asia-Pacific (Macao, Samoa, and Palau) and Latin America (Guyana).

In 2024, Guyana emerged as the fastest-growing economy globally, boasting a remarkable GDP growth rate of 43.8%. This growth significantly outpaced other top-performing economies such as Macao (10.6%) and Niger (9.9%). Guyana's exceptional performance is primarily driven by its booming oil sector, which has rapidly positioned the country as a key player in the global energy market.

Source:

IMF

Period:

2024
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