5 Fastest Growing Economies in the World in 2022

1. Guyana

Real GDP growth in 2022 According to IMF: 57.8%

With an expected real GDP growth rate of 57.8% in 2022, Guyana ranks #1 on our list of 15 Fastest Growing Economies in the World in 2022. The World Bank describes the country,

The Co-operative Republic of Guyana is a small, sparsely populated South American country with abundant natural resources. The country is endowed with fertile agricultural lands, valuable mineral resources including bauxite and gold, extensive tropical forests that cover 80 percent of the country, and recently discovered large offshore oil and gas reserves.

The World Bank also describes why the country is expected to grow substantially this year,

Guyana’s economy is expanding at an extraordinary rate, fueled primarily by the expansion of oil output and is expected to remain one of the world’s fastest-growing economies in the medium term. Oil production, and consequently real GDP, is expected to jump in 2022 with real GDP expected to more than double by 2023, pushing per capita income to over US$20,000 at the current nominal exchange rate.

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