5 Countries with the Highest Annual GDP Growth in the World

4. Armenia

Annual Real GDP Growth as of 2023: 8.7%

Current GDP as of 2023: $24.16 billion 

Formerly a part of the Soviet Republic, Armenia is a mountainous country located in the Caucasus region on the crossroads of Asia and Europe. The country has a population of 2.78 million people as of 2022. It ranks fourth on our list, with an annual GDP growth of 8.7% in 2023.