A Glimpse into the Fastest-Growing Economies from 2014 to 2024
The past decade has witnessed a remarkable surge in the economic growth of several developing countries. Data from the International Monetary Fund (IMF) reveals that seven Asian countries have consistently ranked among the top 10 fastest-growing major economies in the last 10 years.
Leading the pack is Bangladesh, whose GDP more than doubled from $207 billion in 2014 to $455 billion in 2024, marking a staggering 120% increase.
Ireland's economy has also experienced remarkable growth, expanding by 117% from $259 billion in 2014 to $564 billion in 2024.
Vietnam has emerged as another economic powerhouse, with its GDP increasing by 100% from $233 billion to nearly $466 billion over the same period.
India, one of the world's largest economies, has also witnessed impressive growth, with its GDP expanding by 93% from $2 trillion in 2014 to nearly $4 trillion in 2024.
Romania, China, Israel, Singapore, Indonesia, and the United States have also demonstrated remarkable economic growth in recent years.
The impressive growth trajectories of these diverse economies highlight the dynamic nature of the global economic landscape. These countries are shaping the future of the world economy, demonstrating the potential for rapid development and economic prosperity. As these economies continue to evolve and grow, they will undoubtedly play an increasingly significant role in shaping the global economic order.