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Atlas

Litigation

Legislation

Statute

 

Economic Growth 2019-2024

(Percent)

 

Nations

Area

2019

2020

2021

2022

2023

2024

196

World a

2.5

-2.7

5.9

3.3

2.5

2.4

1

Afghanistan b

3.9

-2.4

-20.7

-6.2   

-3

-3

2

Albania

2.1

-3.3

8.9

4.8

3.6

3.3

3

Algeria

1.0

-5.1

3.4

3.2

3.8

3.1

4

Andorra

2.0

-11.2

8.3

8.8

2.1

1.5

5

Angola

-0.7

-5.6

1.2

3.0

1.3

3.3

6

Antigua & Barbuda

4.3

-17.5

6.6

8.5

5.6

5.6

7

Argentina

-2.0

-9.9

10.7

5.0

-2.5

2.8

8

Armenia

7.6

-7.2

5.7

12.6

7.0

5.0

9

Australia

1.9

-1.8

5.2

3.7

1.8

1.2

10

Austria

1.5

-6.5

4.6

4.8

0.1

0.8

11

Azerbaijan

2.5

-4.2

5.6

4.6

2.5

2.5

12

Bahamas

-0.7

-23.5

17.0

14.4

4.3

1.8

13

Bahrain

2.2

-4.6

2.6

4.9

2.7

3.6

14

Bangladesh

7.9

3.4

6.9

7.1

6.0

6.0

15

Barbados

-0.5

-13.3

-0.2

9.8

4.5

3.9

16

Belarus

1.4

-0.7

2.3

-3.7

1.6

1.3

17

Belgium

2.3

-5.4

6.3

3.2

1.0

0.9

18

Belize

4.5

-13.4

15.2

12.7

4.0

3.0

19

Benin

-0.7

-5.6

1.2

3.0

1.3

3.3

20

Bhutan

4.4

-2.3

-3.3

4.8

5.3

3.0

21

Bolivia

2.2

-8.7

6.1

3.5

1.8

1.8

22

Bosnia& Herzegovina

2.9

-3.0

7.4

4.1

2.0

4.3

23

Botswana

3.0

-8.7

11.9

5.8

3.8

4.1

24

Brazil

1.2

-3.3

5.0

2.9

3.1

1.5

25

Brunei

3.9

1.1

-1.6

-1.6

-0.8

3.5

26

Bulgaria

4.0

-4.0

7.6

3.4

1.7

3.2

27

Burkina Faso

5.7

1.9

6.9

1.5

4.4

6.4

28

Burundi

1.8

0.3

3.1

1.8

3.3

6.0

29

Cabo Verde

6.9

-19.6

6.4

17.0

4.4

6.4

30

Cambodia

6.0

2.2

8.4

3.0

5.0

4.2

31

Cameroon

2.5

2.5

2.3

6.3

7.2

4.8

32

Canada

1.9

-5.1

5.0

3.4

1.3

1.6

33

Central-African Republic

3.0

1.0

1.0

0.5

1.0

2.5

34

Chad

3.4

-2.1

-1.2

3.4

4.0

4.2

35

Chile

0.7

-6.1

11.7

2.4

-0.5

1.6

36

China c

5.8

1.8

8.3

2.9

5.0

4.2

37

Colombia

3.2

-7.3

11.0

7.3

1.4

2.0

38

Comoros

1.8

-0.2

2.1

2.6

3.0

3.5

39

Congo, Republic of

1.1

-6.3

1.1

1.7

4.0

4.2

40

Congo, Democratic Republic of the

4.5

1.7

6.2

8.9

6.7

4.7

41

Costa Rica

0.2

-7.0

7.3

4.1

2.3

2.3

42

Cote d’Ivoire

6.5

1.7

7.0

6.7

6.2

6.6

43

Croatia

3.4

-8.5

13.1

6.2

2.7

2.6

44

Cuba

-0.16

-10.95

12.2

2.0

-1.7

2.0

45

Cyprus

0.6

-1.1

2.2

8.1

3.5

2.4

46

Czech Republic

2.8

3.2

3.8

15.1

10.9

4.6

47

Denmark

0.7

0.3

1.9

8.5

4.2

2.8

48

Djibouti

3.3

1.8

1.2

5.2

1.2

1.8

49

Dominica

1.5

-0.7

1.6

6.8

6.2

2.8

50

Dominican Republic

1.8

3.8

8.2

8.8

4.9

4.2

51

Ecuador

0.3

-0.3

0.1

3.5

2.3

1.8

52

Egypt d

5.6

-1.1

4.5

8.5

4.2

3.6

53

El Salvador

0.1

-0.4

3.5

7.2

4.4

2.4

54

Equatorial Guinea

1.2

4.8

-0.1

4.9

2.4

4.0

55

Eritrea e

1.3

3.8

3.0

3.0

3.0

3.0

56

Estonia

4.0

-1.0

7.2

-0.5

-2.3

2.4

57

Eswatini

2.7

-1.6

7.9

3.6

3.1

3.3

58

Ethiopia

9.0

6.1

6.3

6.4

6.1

6.2

59

Fiji

-0.6

-17.0

-4.9

20.0

7.5

3.9

60

Finland

1.2

-2.4

3.2

1.6

-0.1

1.0

61

France

1.9

-7.7

6.4

5.8

2.5

1.7

62

Gabon

3.8

-1.8

1.5

3.0

2.8

2.6

63

Gambia

6.2

0.6

5.3

4.9

5.6

5.2

64

Georgia

5.0

-6.8

10.5

10.1

6.2

4.8

65

Germany

1.1

3.8

3.2

1.8

-0.5

0.9

66

Ghana

6.5

0.5

5.1

3.1

1.2

2.7

67

Greece

1.9

-9.0

8.4

5.9

2.5

2.0

68

Grenada

0.7

-13.8

4.7

6.4

3.9

3.8

69

Guatemala

4.0

-1.8

8.0

4.1

3.4

3.5

70

Guinea

5.6

4.7

5.0

4.3

5.9

5.6

71

Guinea-Bissau

4.5

1.5

6.4

4.2

4.5

5.0

72

Guyana f

5.4

43.5

20.1

62.3

38.4

26.6

73

Haiti

-1.7

-3.3

-1.8

-1.7

-1.5

1.4

74

Honduras

2.7

-9.0

12.5

4.0

2.9

3.2

75

Hungary

4.9

-4.5

7.2

4.6

-0.3

3.1

76

Iceland

1.9

-7.2

4.5

7.2

3.3

1.7

77

India       

3.9

-5.8

9.1

7.2

6.3

6.3

78

Indonesia

5.0

-2.1

3.7

5.3

5.0

5.0

79

Iran

-3.1

3.3

4.7

3.8

3.0

2.5

80

Iraq

5.4

-12.1

1.6

7.0

-2.7

2.9

81

Ireland

5.3

6.6

15.1

9.4

2.0

3.3

82

Israel

3.8

-1.5

9.3

6.5

3.1

3.0

83

Italy

0.5

-9.0

7.0

3.7

0.7

0.7

84

Jamaica

1.0

-9.9

4.6

5.2

2.0

1.8

85

Japan

-0.4

-4.2

2.2

1.0

2.0

1.0

86

Jordan

1.8

-1.6

2.2

2.5

2.6

2.7

87

Kazakhstan

4.5

-2.6

4.1

3.3

4.6

4.2

88

Kenya

5.1

-0.3

7.6

4.8

5.0

5.3

89

Kiribati

-2.1

-1.4

7.9

1.2

2.6

2.4

90

Korea, North

0.4

-4.5

-0.1

-0.2

1.0

2.3

91

Korea, South

2.2

-0.7

4.3

2.6

1.4

2.2

92

Kosovo

4.8

-5.3

10.7

3.5

3.8

4.0

93

Kuwait

-0.6

-8.9

1.1

8.9

-0.6

3.6

94

Kyrgyz Republic

4.6

-7.1

5.5

6.3

3.4

4.3

95

Laos

4.7

-0.4

2.1

2.3

4.0

4.0

96

Latvia

2.6

-2.3

4.3

2.8

0.5

2.6

97

Lebanon g

-6.9

-25.9

-10.0

0.0

0.2

1.4

98

Lesotho

-2.0

-3.9

1.8

2.1

2.1

2.3

99

Liberia

-2.5

-3.0

5.0

4.8

4.6

5.3

100

Libya

-11.2

-29.5

28.3

-9.6

12.5

7.5

101

Liechtenstein

-3.8

-5.9

9.2

5.0

0.2

1.5

102

Lithuania

4.6

0.0

6.0

1.9

-0.2

2.7

103

Luxembourg

2.9

-0.9

7.2

1.4

-0.4

1.5

104

Macedonia

3.9

-4.7

3.9

2.1

2.5

3.2

105

Madagascar

3.2

4.4

-7.1

5.7

4.0

4.8

106

Malawi

0.9

4.6

0.8

1.7

3.3

4.6

107

Malaysia

4.4

-5.5

3.3

8.7

4.0

4.3

108

Maldives

6.9

-33.4

41.7

13.9

8.1

5.0

109

Mali

4.8

-1.2

3.1

3.7

4.5

4.8

110

Malta

7.1

-8.1

12.3

6.9

3.8

3.3

111

Marshall Islands

10.3

-2.9

1.0

-4.5

3.0

3.0

112

Mauritania

5.4

-0.9

2.4

6.5

4.5

5.3

113

Mauritius

2.9

-14.6

3.4

8.7

5.1

3.8

114

Mexico

-0.3

-8.7

5.8

3.9

3.2

2.1

115

Micronesia

1.2

-2.8

-2.2

-0.6

2.6

3.1

116

Moldova

3.6

-8.3

13.9

-5.0

2.0

4.3

117

Monaco

6.9

-13.0

21.6

11.1

1.75

1.75

118

Mongolia

5.6

-4.6

1.6

5.0

5.5

4.5

119

Montenegro

4.1

-15.3

13.0

6.1

4.5

3.7

120

Morocco

2.9

-7.2

8.0

1.3

2.4

3.6

121

Mozambique

2.3

-1.2

2.4

4.2

7.0

5.0

122

Myanmar

6.8

3.2

-17.9

2.0

2.6

2.6

123

Namibia

-0.8

-8.1

3.5

4.6

2.8

2.7

124

Nauru

9.1

4.1

2.9

1.9

0.5

1.3

125

Nepal

6.7

-2.4

4.8

5.6

0.8

5.0

126

Netherlands

2.0

-3.9

6.2

4.3

0.6

1.1

127

New Zealand

3.1

-1.5

6.1

2.7

1.1

1.0

128

Nicaragua

-2.9

-1.8

10.3

3.8

3.0

3.3

129

Niger

6.1

3.5

1.4

11.9

4.1

11.1

130

Nigeria

2.2

-1.8

3.6

3.3

2.9

3.1

131

Norway

1.1

-1.3

3.9

3.3

2.3

1.5

132

Oman

-1.1

-3.4

3.1

4.3

1.2

2.7

133

Pakistan

3.1

-0.9

5.8

6.1

-0.5

2.5

134

Palau

1.4

-7.0

-13.4

-2.0

0.8

12.4

135

Palestine h

1.4

-11.3

7.0

3.9

-6.2

-5.0

136

Panama

3.3

-17.7

15.8

10.8

6.0

4.0

137

Papua New Guinea

4.5

-3.2

0.1

4.3

3.0

5.0

138

Paraguay

-0.4

-0.8

4.0

0.1

4.5

3.8

139

Peru

2.2

-11.0

13.3

2.7

1.1

2.7

140

Philippines

6.1

-9.5

5.7

7.6

5.3

5.9

141

Poland

4.4

-2.0

6.9

5.1

0.6

2.3

142

Portugal

2.7

-8.3

5.5

6.7

2.3

1.5

143

Qatar

0.7

-3.6

1.5

4.9

2.4

2.2

144

Romania

3.8

-3.7

5.9

4.7

2.2

3.8

145

Russia

2.2

-2.7

5.6

-2.1

2.2

1.1

146

Rwanda

9.5

-3.4

10.9

8.2

6.2

7.0

147

Saint Kitts & Nevis

4.1

-14.6

-0.9

8.8

4.9

3.8

148

Saint Lucia

-0.2

-23.6

11.3

15.7

3.2

2.3

149

Saint Vincent and the Grenadines

0.7

-3.7

0.8

5.5

6.2

5.0

150

Samoa

4.5

-3.1

-7.1

-5.3

8.0

3.6

151

San Marino

2.0

-6.8

14.2

5.0

2.2

1.3

152

Sao Tome and Principe

2.0

2.6

1.9

0.1

0.5

2.4

153

Saudi Arabia

0.8

-4.3

3.9

8.7

0.8

4.0

154

Senegal

4.6

1.3

6.5

4.0

4.1

8.8

155

Serbia

4.3

-0.9

7.5

2.3

2.0

3.0

156

Seychelles

5.2

-8.5

2.5

8.9

4.2

3.9

157

Sierra Leone

5.3

-2.0

4.1

4.0

2.7

4.7

158

Singapore i

1.3

-3.9

8.9

3.6

1.0

1.0

159

Slovak Republic

2.5

-3.3

4.9

1.7

1.3

2.5

160

Slovenia

3.5

-4.2

8.2

2.5

2.0

2.2

161

Solomon Islands

1.7

-3.4

-0.6

-4.1

2.5

2.4

162

Somalia

3.6

-2.6

3.3

2.4

2.8

3.7

163

South Africa

0.3

-6.0

4.7

1.9

0.9

1.8

164

Spain

2.0

-11.2

6.4

5.8

2.5

1.7

165

Sri Lanka j

1.7

-3.4

-0.6

-4.1

-3.8

1.7

166

Sudan

-2.5

-3.6

0.5

-2.5

-18.3

0.3

167

Sudan, South

0.9

-6.5

5.3

0.5

3.5

4.2

168

Suriname

1.1

-15.9

-2.7

1.0

2.1

3.0

169

Sweden

2.0

-2.2

6.1

2.8

-0.7

0.6

170

Switzerland

1.2

-2.3

5.4

2.7

0.9

1.8

171

Syria

1.2

-3.9

1.3

-3.5

-3.2

5.0

172

Taiwan

3.1

3.4

6.5

2.4

0.8

3.0

173

Tajikstan

7.4

4.4

9.4

8.0

6.5

5.0

174

Tanzania k

7.0

4.8

4.9

4.7

5.2

6.1

175

Thailand

2.1

-6.1

1.5

2.6

2.7

3.2

176

Timor-Leste

2.1

-8.3

2.9

3.9

1.5

3.1

177

Togo

4.9

2.0

6.0

5.8

5.4

5.3

178

Tonga

0.7

0.5

-2.7

-2.0

2.6

2.5

179

Trinidad & Tobago

0.4

-9.1

-1.0

1.5

2.5

2.2

180

Tunisia

1.6

-8.8

4.4

2.5

1.3

1.9

181

Turkey

0.8

1.9

11.4

5.5

4.0

3.0

182

Turkmenistan

-3.4

-2.9

4.6

1.6

2.5

2.1

183

Tuvalu

13.8

-4.3

1.8

0.7

3.9

3.5

184

Uganda

7.6

-1.2

5.7

6.4

4.6

5.7

185

Ukraine

3.2

-3.8

3.4

-29.1

2.0

3.2

186

United Arab Emirates

1.1

-5.0

4.4

7.9

3.4

4.0

187

United Kingdom

1.6

-11.0

7.6

4.1

0.5

0.6

188

United States

2.3

-2.8

5.9

2.1

2.5

2.8

189

Uruguay

0.7

-6.3

5.3

4.9

1.0

3.2

190

Uzbekistan

6.0

2.0

7.4

5.7

5.5

5.5

191

Vanuatu

3.2

-5.0

0.6

1.9

1.5

2.6

192

Venezuela

-27.7

-30.0

1.0

8.0

4.0

4.5

193

Vietnam

7.4

2.9

2.6

8.0

4.7

5.8

194

Yemen

2.1

-8.5

-1.0

1.5

-0.5

2.0

195

Zambia l

2.3

-2.8

4.5

3.0

4.3

4.3

196

Zimbabwe m

-3.9

-4.7

11.1

4.5

4.8

3.5

Source: World Economic Outlook: Navigating Global Divergences, IMF October 2023

 

a Data for Cuba, Liechtenstein, Monaco, North Korea, Syria and Taiwan economic growth had to be searched online by year in the second pass. The North Korean economy may be much larger than the UN gives them credit for with estimates of $28 billion in 2016 with $100 billion in purchasing power parity, taking into consideration the mountain of free housing, minerals of military utility and scarcity of food.  Cuban growth rates for 2019 and 2020 were the most challenging calculations of the year. b Afghan economy has declined since 2019 and is estimated to continue to decline -3.0 percent annually for 2023 and 2024. c China (mainland), Hong Kong and Macao are combined to make 197 independent nations, rather than 209 initially reported in the second recount. d Egypt's real GDP growth projection for 2023 is 4.2 percent and 3.6 percent in 2024, 5.6 percent growth is estimated for 2019. e Eritria growth rate of 3.8 percent in 2019 is last reported estimate, 3 percent projected 2020-2024. f Guyana economic growth is obviously overestimated, but it is corroborated, following record real GDP growth in 2022—62.3 percent, the highest in the world—real GDP is expected to continue to grow extremely fast in 2023 (38 percent). g Lebanese economic growth recovered to 0.2 percent in 2023 and 1.4 percent in 2024. h Palestine Central Bureau of Statistics estimates a -6.2 percent decline in 2023, -33 percent in third quarter, -80 percent in Gaza, and -5 percent in 2024.  i Singapore not reported in World Economic Outlook, but by IMF website, growth is estimated to continue at one percent in 2024. j Sri Lanka economic growth is estimated at -3.8 percent in 2023 and 1.7 percent in 2024 by the World Bank. k The GDP of the both Republics of Tanzania: Mainland and Zanzibar have been combined. l Zambia GDP is reduced by IMF consultations. m Zimbabwe IMF staff visit October 2023, reduces growth estimates to 4.5 percent in 2022, 4.8 percent in 2023 and 3.5 percent in 2024.