5 Countries with the Best Economy in the World Right Now

In this article we are going to list the 5 countries with the best economy in the world right now. For a detailed coverage of this topic and a more comprehensive list please take a look at the 30 countries with the best economy in the world right now.

5. Barbados

GDP Growth: 4.50%

In the first 9 months of 2023, Barbados economy grew by 4% overall, which is its best performance since 2006, excluding recovery from the Covid-19 pandemic.

4. Iceland

GDP Growth: 4.50%

Iceland has the fastest growing economy in Europe and has posted a remarkable recovery in the last 15 years considering how the country was one of the worst impacted by the Global Recession in 2008. However, even Iceland’s economy has started to cool down slightly and borrowing costs have reached a peak.

3. United States of America (Q3 2023)

GDP Growth: 4.9%

The U.S. delivered an incredible 4.9% growth in Q3 2023, and more positive news regarding one of the countries with the best economy in the world right now saw the Fed keeping rates unchanged, though they’re still at a 22 year high.

2. Panama

GDP Growth: 6.00%

Panama has presented itself as a stable economy to attract investors, but its economy could be impacted by anti-mining protests erupting. Panama has registered one of the highest growth rates in Latin America in the past two decades.

1. Guyana

GDP Growth (Annual): 38.40%

Topping the list of the 30 countries with the best economy in the world right now is Guyana, which registered the highest GDP growth rate in the world in 2022 with 63.4%, due to a major expansion in oil production. In the next five years, Guyana could grow at an astronomical 115% overall.

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