5 Countries with the Highest Rate of Economic Growth in 10 Years

In this article, we will take a look at the 5 countries with the highest rate of economic growth in 10 years. If you wish to see our detailed analysis, you can go to 20 Countries with the Highest Rate of Economic Growth in 10 Years.

5. Côte d’Ivoire

Average Real GDP Growth: 6.82%

With an average real GDP growth of 6.82% in 10 years, Côte d’Ivoire ranks as one of the countries where economic growth has been high. The country maintained a robust economic activity in 2022. Sustained public investment and domestic consumption contributed to this growth.

4. Tajikistan

Average Real GDP Growth: 7.09%

Tajikistan is one of the 20 countries with the highest rate of economic growth in 10 years. Strong growth and higher wages during the period also reduced poverty. The nation has a high growth potential due to its young population, mineral resources, agriculture as well as tourism.

3. Ethiopia

Average Real GDP Growth: 8.43%

Ethiopia is a populous country in Africa which is one of the fastest growing economies in the region. The national economy continued to grow at an average of nearly 10% per year in the last 15 years. This has resulted in a long-term record of growth for Ethiopia.

2. Ireland

Average Real GDP Growth: 9.05%

Ireland is a highly developed knowledge economy that ranks among other countries that recorded a high economic growth rate in the last 10 years. The nation is also known to have one of the highest productivity levels across the globe.

1. Guyana

Average Real GDP Growth: 14.93%

Guyana ranks on top of the 20 countries with the highest rate of economic growth in the last decade. The country’s GDP per capita is rising at a rapid rate due to its oil production. It is also expected to remain one of the fastest-growing economies with double-digit growth rates in 2024 with the operation of additional oil fields.

You can also take a look at 11 Most Volatile Stocks Under $5 For Day Trading and 12 Popular Fast Food Franchises You Can Own for Under $100000.