5 Fastest Declining Economies in the World in 2026

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​1. Qatar

5-Year Average Real GDP Growth Rate: 0.46%

Real GDP Growth Rate 2026: -8.6%

​Qatar is a country in the Middle East, which is rich in oil and gas. Although the country has one of the highest GDP per capita in the world, it still ranks as one of the Fastest Declining Economies in the World in 2026. This is largely due to the US-Iran war, which destabilized the oil and energy markets. Analysts suggest a potential, significant contraction in headline GDP due to key events impacting its major energy hub.

​Moreover, Qatar has also been hit during the recent conflicts, resulting in damage to energy and oil infrastructure. The IMF data suggests that Qatar will be the fastest declining economy with a real GDP growth of negative 8.6%.

Click here to explore our detailed list of the 12 Fastest Declining Economies in the World in 2026.

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