This statistic shows the 20 countries with the highest growth of the gross domestic product (GDP) in 2016. In 2016, the Dominican Republic ranked 20th with an estimated GDP growth of approximately 5.4 percent compared to the previous year.
GDP around the world
Gross domestic product (GDP) is an indicator of the monetary value of all goods and services produced by a nation in a specific time period. GDP is a strong index of a country’s economic strength - the higher the GDP of a nation, the stronger that country’s economy. The countries in the world with the highest GDP or GDP per capita are mainly developed and emerging countries, with global gross domestic product amounting to nearly 75 trillion U.S. dollars. As of 2014, the United States is the nation in the world with the highest GDP with more than 17.4 trillion U.S. dollars, which makes up more than 16.2 percent of the global GDP.
The countries with the lowest gross domestic product per capita in 2014 were mainly African nations. The country in the world with the lowest GDP per capita in 2014 was Malawi, followed by Burundi, and the Central African Republic. However, several economically struggling African and Asian countries such as Turkmenistan, Chad, Mongolia, and Congo reported the highest growth of the gross domestic product in 2014.
Also in the top 20 nations with the highest growth of the GDP is China. In 2014, the GDP in China was the second highest GDP in the world. It is estimated that by 2019 the GDP in China will grow by more than 6.5 percent. Based on this estimate, GDP in China will be at around 15 trillion U.S. dollars by 2019.