Fastest Growing Economies

Introduction

Economic growth occurs when there is an increase or improvement in a country’s inflation-adjusted market value of goods and services provided in the economy. There is no single standard or metric used by economists and governments to measure a growing economy, as many factors contribute to a country’s economy. Still, a country’s gross domestic product (GDP) is a good source for examining a country’s economic status.

The International Monetary Fund (IMF) uses a country’s real gross GDP growth to compare the economic growth of countries. Gross GDP growth is the total value received for goods and services at a constant price during a set period (i.e., one year). Another indicator of GDP growth groups like the IMF use is GDP per capita and purchasing power parity.

Learn more about the fastest growing economies in the map and charts.

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