Top 10 Fastest Growing Economies in the World: 2025 Ranking

April 10, 2025 | 06:57 pm

TEMPO.CO, Jakarta - When examining the fastest growing economies in the world, it’s evident that certain countries experience exceptional economic surges. While the world average for economic growth is around 3.2%, the 10 featured-nations boast growth rates from 7% to 27%.

Propelled by various factors, natural resources stand out as a major contributor in fueling much of the growth. Alongside, foreign investment has been a significant driver as well.

List of the Fastest Growing Economies in the World

According to rankings published by Visual Capitalist and Economics Insider, South Sudan takes the top spot among the fastest growing economies in the world. Other nations seeing similar rapid growth include:

1. South Sudan - 27.2%

At the top is South Sudan—the world’s youngest country—with an impressive 27.2% growth forecasted for 2025. As one of the fastest growing economies in the world, South Sudan is beginning to rebuild its infrastructure and economy after years of political instability and civil war. The country’s growth is attributed to its oil sector.

2. Guyana - 14.4%

A small country on the northeastern coast of South America, Guyana has emerged as an economic powerhouse thanks to its agriculture. With a projected 14.4% growth rate in 2025, Guyana’s economy is thriving. 

In addition to sugar, rice, and gold making significant contributions to its growth, the country’s oil production is also seen as a major driver—expected to climb to almost 940,000 barrels per day by the end of the year, according to Forbes.

3. Libya - 13.7%

Though Libya struggled with years of civil war and political turmoil, the country is experiencing a strong recovery, with a projected growth rate of 13.7% in 2025. Oil sector, particularly, accounts for 90% of its GDP and is expected to contribute 9.6% to the country’s growth in 2025. Plus, the country’s strategic location makes it crucial for regional trade.

4. Senegal - 9.3%

With a forecasted economic growth rate of 9.3% in 2025, Senegal takes a spot among the fastest growing economies in the world. Known for its stable economy, key contributors to the country’s growth prospects include its oil and gas production, transformative reform agenda, and a favorable economic climate, such as declining inflation.

5. Palau - 8.5%

Palau is projected to grow by 8.5% in 2025. This small island nation’s economy is bolstered by tourism, particularly eco-tourism and diving—sectors that were heavily impacted by the Covid-19 pandemic. Gradually recovering, and with the US financial support through the Compact of Free Association, Palau is positioning itself for continued growth in the coming years after struggling.

6. Sudan - 8.3%

Sudan is a country dependent on its natural resources, including natural gas, iron ore, copper, and gold, to generate substantial income. While it faced setbacks following the secession of South Sudan in 2011, the country is now beginning to experience strong economic growth. Through investments in agriculture and several major economic reform initiatives, Sudan is projected to achieve a growth rate of 8.3% in 2025.

7. Uganda - 7.5%

Among the fastest growing economies in the world, Uganda is a top contender thanks to its role as a major coffee exporter. Based on Ugandainvest.go.ug, the country has averaged more than 6% annual growth over the past three decades—reaching 7.5% this 2025. Combined with the government’s focus on improving the business environment, no wonder why Uganda makes the list. 

8. Niger - 7.3%

Though poverty remains a major challenge, Niger is still expected to see an impressive growth in 2025. The forecasted 7.3% growth is fueled by both the country’s abundance of natural resources—uranium being the key commodity—and an expanding oil industry, with production projected to reach 30 million barrels this year. 

9. Macau SAR - 7.3%

Tourism and gaming are the major drivers behind Macao’s projected 7.3% growth in 2025. Alongside, Macao also relies heavily on services exports to support its recovery and expansion to restore its pre-Covid economic activity, as noted by Macau Daily Times.

10. Bhutan - 7.2%

Bhutan follows closely behind Niger and Macau, with a forecasted 7.2% growth in 2025. The major contributor is its hydropower sector, which, according to a 2024 article by ADB.org, accounts for about 20% of the country's economy. Supporting sectors such as agriculture, forestry, and tourism also play key roles in sustaining Bhutan’s steady economic growth.

As these fastest growing economies in the world continue to experience rapid growth, they offer unique investment opportunities and insight into how nations can transform their economies despite challenges. For more insight, explore the largest economies in the world by GDP.

Editor’s Choice: 10 Largest Economies in the World by GDP, US Remains Strong

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