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Fastest Growing Economies in 2024: Real GDP Growth Projections
Briefing
Description :
The fastest-growing economies in 2024, based on real GDP growth projections from the IMF (October 2023). It categorizes these countries by region and highlights their projected growth rates.
Here’s a breakdown:
1. Top 3 Performers:
- Macao SAR (Asia Pacific): 27.2%
- Guyana (Americas): 26.6%
- Palau (Asia Pacific): 12.4%
2. Regional Breakdown:
Asia Pacific (Green):
- Leads with Macao SAR and Palau.
- Other countries include Cambodia, Bangladesh, Philippines, and Vietnam.
Sub-Saharan Africa (Yellow):
- Dominates the list in terms of the number of countries.
- Niger (11.1%), Senegal (8.8%), Rwanda (7.0%) lead within this region.
- Other countries include Côte d'Ivoire, Burkina Faso, Benin, The Gambia, Ethiopia, Tanzania, Djibouti, Burundi.
Americas (Blue):
- Guyana (26.6%) stands out as the only country from this region.
Middle East and North Africa (Red):
- Libya (7.5%) is the leading economy in this group.
3. Other Notable Countries:
- India (Asia Pacific) at 6.3%.
- Countries with growth rates around 6% include Bangladesh, Cambodia, Djibouti, and Ethiopia.
4. Global Average:
- The world average GDP growth projection is marked at 2.9%.
- All listed economies are significantly outperforming this average.
Geographic Visualization:
- The world map and regional close-ups provide a visual representation of the countries.
- Each country is color-coded based on its region, making it easy to identify its geographical and economic groupings.
This infographic emphasizes the strong economic growth in Asia Pacific and Sub-Saharan Africa, with many countries in these regions projected to have much higher growth rates compared to the global average.
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