5 Countries With Highest Rate of Economic Growth in 5 Years

4. Maldives

Average Real GDP Growth (2018-2022): 7.12%

Maldives is the fastest growing economy in South Asia, having grown at 7.12% per year on average since 2018. Tourism is the major driver of the economy in Maldives. The country welcomed an estimated 1.6 million travelers in 2022. Maldives is known for its pristine beaches and is a popular honeymoon destination. Situated in the Indian Ocean, the island nation lies southwest of India and Sri Lanka, and is 750 km off from mainland Asia.