🇬🇾 Guyana Leads Top Growing Emerging Markets Forecasts (2024-2029)

What We’re Showing

Using projections from the Iatest IMF World Economic Outlook, we show the fastest growing emerging economies by real GDP growth over the next five years.

This visual is part of a special dispatch breaking down the IMF's 2024 World Economic Outlook report. Get the full dispatch of charts and insights by signing up to VC+.

Oil-Rich Guyana Leads Emerging Markets

As South America’s third-smallest independent nation by land area, Guyana is projected to be the world’s fastest growing economy by 2029. This largely stems from the significant discovery of oil deposits in 2015 by Exxon Mobil Corp., which has propelled its economy to grow by fourfold over the last five years alone.

By 2028, the nation of just 800,000 people is projected to have the highest crude oil production per capita, outpacing Kuwait for the first time. 

Africa’s Fastest Growing Economies

Six of the top 10 fastest growing emerging economies are in Africa, led by Mozambique, Rwanda, and Ethiopia.