5 Fastest Developing Countries in 2024

In this article, we will look at the 5 fastest developing countries in 2024. If you want to read our detailed analysis, you can go directly to the 20 Fastest Developing Countries in 2024.

5. Samoa

Real GDP Growth Rate (2023): 8%

GDP Per Capita Growth Rate (2023): 11.96%

Samoa is an island country in Oceania. It ranks 5th amongst the fastest-developing countries with a real GDP growth rate of 8% and a GDP per capita growth rate of 11.96% in 2023.

4. Maldives

Real GDP Growth Rate (2023): 8.1%

GDP Per Capita Growth Rate (2023): 10%

Maldives is a South Asian country that ranks 4th on our list of fastest-developing countries in 2024. The country posted a real GDP growth of 8.1% and a growth of 10% in its GDP per capita in 2023.

3. Libya

Real GDP Growth Rate (2023): 12.5%

GDP Per Capita Growth Rate (2023): 5.29%

Libya, a North African country, ranks 3rd on our list of fastest-developing countries. The country’s real GDP grew by 12.5%, with a GDP per capita growth rate of 5.29% in 2023.

2. Guyana

Real GDP Growth Rate (2023): 38.4%

GDP Per Capita Growth Rate (2023): 12.04%

Guyana witnessed a real GDP growth of 38.4% in 2023. Moreover, its GDP per capita grew by 12.04% during the same year. It ranks 2nd on our list of fastest-developing countries in 2024.

1. Macao (Special Administrative Region of China)

Real GDP Growth Rate (2023): 74.4%

GDP Per Capita Growth Rate (2023): 72.15%

Macao is a special administrative region of China and the fastest-developing country in 2024. The country had a real GDP growth rate of 74.4% and a GDP per capita growth rate of 72.15% in 2023. 

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