Gross Domestic Product (GDP) Growth Rate By Country January 2022

The GDP Growth Rate (%) measures the percentage increase or decrease in the gross domestic product (GDP) over a specific period. It provides insights into the pace of economic expansion or contraction and reflects the overall economic performance of a country. Monitoring this measure helps in understanding the trends and fluctuations in economic growth.

In January 2020, Libya, Rwanda, and Bangladesh were the top three countries with the highest GDP growth rates. Libya recorded a growth rate of 17.9%, followed by Rwanda with 8.6% and Bangladesh with 7.7%. On the other end of the spectrum, Equatorial Guinea, Dominica, and Venezuela experienced negative growth rates of -5.7%, -12%, and -18%, respectively.

Moving to January 2021, Rwanda emerged as the country with the highest GDP growth rate at 10.1%. Libya closely followed with a growth rate of 9.9%, while Dominica secured the third position with a growth rate of 9.2%. However, Iran and Zimbabwe faced economic contractions with negative growth rates of -7.6% and -8.3%, respectively. Venezuela had the lowest growth rate of -35%.

In January 2022, Guyana experienced the highest GDP growth rate of 43.4%, signaling robust economic expansion. Ethiopia and Guinea secured the second and third positions with growth rates of 6.1% and 5.2%, respectively. On the other hand, Venezuela faced a significant contraction with a growth rate of -30%. Maldives and Libya also experienced negative growth rates of -32.2% and -59.7%, respectively.

The GDP Growth Rate (%) is a critical indicator of a country's economic performance and vitality. Positive growth rates indicate economic prosperity and opportunities, while negative growth rates suggest economic challenges and contraction. This measure is closely monitored by policymakers, economists, and investors to assess the overall health and potential risks in different economies.

Gross Domestic Product (GDP) Growth Rate By Country January 2022 (%, January 2022)

Source

Source

Show publisher information Show sources information

Latest Data

January 2022

More information

Segment

Country

Publisher

The Heritage Foundation

Previous Records

January 2022

January 2021

January 2020

Rank	Country	%
1	Guyana	43.4
2	Ethiopia	6.1
3	Guinea	5.2
4	Tajikistan	4.5
5	Bangladesh	3.8
6	Egypt	3.6
7	Myanmar	3.2
8	Taiwan	3.1
9	Vietnam	2.9
10	Ireland	2.5
11	China	2.3
11	Ivory Coast	2.3
12	Benin	2
13	Turkey	1.8
14	Uzbekistan	1.6
15	Iran	1.5
16	Brunei	1.2
16	Niger	1.2
17	Tanzania	1
18	Ghana	0.9
19	Senegal	0.8
19	Turkmenistan	0.8
19	Burkina Faso	0.8
20	Togo	0.7
21	Malawi	0.6
22	Central African Republic	0
22	Gambia	0
23	DR Congo	-0.1
23	Kenya	-0.1
24	Rwanda	-0.2
25	Pakistan	-0.4
25	Laos	-0.4
26	Kiribati	-0.5
26	Mozambique	-0.5
26	Tonga	-0.5
26	Comoros	-0.5
27	Eritrea	-0.6
28	Bhutan	-0.8
28	Lithuania	-0.8
28	Norway	-0.8
29	Belarus	-0.9
29	Chad	-0.9
29	Paraguay	-0.9
30	South Korea	-1
30	Serbia	-1
30	Djibouti	-1
31	Burundi	-1.3
31	Luxembourg	-1.3
32	Guatemala	-1.5
32	Somalia	-1.5
33	Micronesia	-1.6
34	Nigeria	-1.8
34	Gabon	-1.8
35	Nepal	-1.9
36	Jordan	-2
36	Mali	-2
37	Uganda	-2.1
37	Indonesia	-2.1
38	Mauritania	-2.2
38	Sierra Leone	-2.2
39	Australia	-2.4
39	Israel	-2.4
39	Guinea-Bissau	-2.4
40	Kazakhstan	-2.6
40	Qatar	-2.6
41	Poland	-2.7
42	Cameroon	-2.8
42	Sweden	-2.8
43	Finland	-2.9
43	Estonia	-2.9
44	Liberia	-3
44	Switzerland	-3
44	Nicaragua	-3
44	New Zealand	-3
45	Russia	-3.1
46	Samoa	-3.2
47	Eswatini	-3.3
47	Denmark	-3.3
48	Zambia	-3.5
48	Albania	-3.5
48	Cambodia	-3.5
48	United States	-3.5
49	Latvia	-3.6
49	Sudan	-3.6
49	Sri Lanka	-3.6
50	Haiti	-3.7
51	Netherlands	-3.8
51	Bulgaria	-3.8
52	Romania	-3.9
52	Papua New Guinea	-3.9
53	Angola	-4
54	Brazil	-4.1
54	Saudi Arabia	-4.1
55	Madagascar	-4.2
55	Saint Vincent and the Grenadines	-4.2
55	Ukraine	-4.2
56	Azerbaijan	-4.3
56	Solomon Islands	-4.3
57	Lesotho	-4.5
57	North Macedonia	-4.5
58	Japan	-4.8
58	Costa Rica	-4.8
59	Germany	-4.9
60	Afghanistan	-5
60	Yemen	-5
60	Hungary	-5
61	Cyprus	-5.1
62	Slovakia	-5.2
63	Mongolia	-5.3
64	Bahrain	-5.4
64	Canada	-5.4
64	Singapore	-5.4
65	Slovenia	-5.5
65	Bosnia and Herzegovina	-5.5
66	Malaysia	-5.6
66	Czech Republic	-5.6
67	Uruguay	-5.7
68	Chile	-5.8
68	Equatorial Guinea	-5.8
69	United Arab Emirates	-5.9
70	Algeria	-6
70	Kosovo	-6
71	Georgia	-6.1
71	Thailand	-6.1
72	Belgium	-6.4
72	Oman	-6.4
73	Sao Tome and Principe	-6.5
74	Austria	-6.6
74	Iceland	-6.6
75	Dominican Republic	-6.7
76	Colombia	-6.8
76	Timor-Leste	-6.8
77	Malta	-7
77	Morocco	-7
77	South Africa	-7
78	Namibia	-7.2
79	Ecuador	-7.5
79	Moldova	-7.5
80	Armenia	-7.6
80	Portugal	-7.6
81	Bolivia	-7.7
82	Republic of the Congo	-7.8
82	Trinidad and Tobago	-7.8
83	Honduras	-8
83	India	-8
83	North Korea	-8
83	Kyrgyzstan	-8
83	Zimbabwe	-8
84	Kuwait	-8.1
85	France	-8.2
85	Greece	-8.2
85	Mexico	-8.2
86	Botswana	-8.3
87	El Salvador	-8.6
88	Tunisia	-8.8
89	Italy	-8.9
90	Croatia	-9
91	Vanuatu	-9.2
92	Philippines	-9.5
93	United Kingdom	-9.9
94	Argentina	-10
95	Jamaica	-10.2
96	Dominica	-10
97	Syria	-11
98	Iraq	-10.9
99	Cuba	-11
99	Spain	-11
100	Peru	-11
101	Seychelles	-13
102	Suriname	-14
103	Cape Verde	-14
104	Belize	-14
105	Montenegro	-15.2
106	Mauritius	-15.8
107	Bahamas	-16.3
108	Barbados	-17.6
109	Panama	-17.9
110	Saint Lucia	-18.9
111	Fiji	-19
112	Lebanon	-25
113	Venezuela	-30
114	Maldives	-32.2
115	Libya	-59.7