Top 5 Developing Countries in the World in 2024

This article looks at the Top 5 Developing Countries in the World in 2024. If you wish to check out our detailed discussion on Top 30 Developing Countries in the World for 2024, you may go to Top 30 Developing Countries in the World in 2024.

5. Kuwait

GDP per capita: $33,031.651

Kuwait, officially known as the State of Kuwait, is a nation located in West Asia. Positioned at the northern edge of Eastern Arabia, it sits at the tip of the Persian Gulf, sharing borders with Iraq to the north and Saudi Arabia to the south.

As of now, Kuwait’s GDP stands at 167.01 billion US dollars. The real GDP growth rate from the previous year, 2023, is recorded at 3.6 percent. This signifies a positive economic trend for the country, driven by various factors including its oil reserves, infrastructure development, and diversification efforts.