Markets
Ranked: The Fastest Growing Economies In 2024
IMF Projections: The Fastest Growing Economies in 2024
Which countries will see the most economic growth in 2024?
To answer this question, we’ve visualized GDP growth forecasts from the IMF’s October 2023 World Economic Outlook. Unsurprisingly, many of these countries are located in Asia and Sub-Saharan Africa—two of the world’s fastest growing regions.
Country | Region | GDP Growth 2024 (%) |
---|---|---|
🇲🇴 Macao SAR | Asia Pacific | 27.2 |
🇬🇾 Guyana | Americas | 26.6 |
🇵🇼 Palau | Asia Pacific | 12.4 |
🇳🇪 Niger | Sub-Saharan Africa | 11.1 |
🇸🇳 Senegal | Sub-Saharan Africa | 8.8 |
🇱🇾 Libya | Middle East and North Africa | 7.5 |
🇷🇼 Rwanda | Sub-Saharan Africa | 7.0 |
🇨🇮 Côte d'Ivoire | Sub-Saharan Africa | 6.6 |
🇧🇫 Burkina Faso | Sub-Saharan Africa | 6.4 |
🇧🇯 Benin | Sub-Saharan Africa | 6.3 |
🇮🇳 India | Asia Pacific | 6.3 |
🇬🇲 The Gambia | Sub-Saharan Africa | 6.2 |
🇪🇹 Ethiopia | Sub-Saharan Africa | 6.2 |
🇰🇭 Cambodia | Asia Pacific | 6.1 |
🇹🇿 Tanzania | Sub-Saharan Africa | 6.1 |
🇧🇩 Bangladesh | Asia Pacific | 6.0 |
🇩🇯 Djibouti | Middle East and North Africa | 6.0 |
🇧🇮 Burundi | Sub-Saharan Africa | 6.0 |
🇵🇭 Philippines | Asia Pacific | 5.9 |
🇻🇳 Vietnam | Asia Pacific | 5.8 |
🌍 World Average | -- | 2.9 |
For India, data and forecasts are presented on a fiscal year basis (starting April). Continue reading below for additional context on these figures.
Highlights: Asia Pacific
The fastest growing economies in Asia are forecasted to be Macao (+27.2%), Palau (+12.4%), and India (+6.3%).
- The economy of Macao is heavily reliant on tourism, an industry that represents over 60% of the region’s jobs, as well as roughly 70% of its GDP.
- Palau is a tiny country consisting of 340 islands, representing an overall land area of 180 square miles (466 square kilometers). According to the U.S. State Department, tourism represents approximately 40% of Palau’s GDP.
- India, which recently became the world’s largest country by population, is expected to reach a peak of 1.7 billion people by 2064.
Highlights: Sub-Saharan Africa
Sub-Saharan Africa accounts for half of the top 20 list, with Niger (+11.1%) and Senegal (+8.8%) leading.
- A recent military coup could have serious implications on Niger’s future economic growth. The country’s Agadem oil field, which is majority owned by China National Petroleum Corporation (CNPC), could see its exports disrupted as a result of global sanctions.
- Senegal’s economy is also linked to the oil industry, meaning its growth could fluctuate in the years to come.
Oil Drives Growth for Guyana
Guyana (+26.6%), with a population of only 815,000, is expected to be the second fastest growing economy in 2024. Interestingly, it was the world’s fastest growing economy last year, with a 62% increase in GDP, and is likely to claim that title again in 2023 with expected growth of 37%.
This growth is largely driven by rising oil exports from Stabroek Block, an offshore oil field being developed by an Exxon Mobil-led consortium. According to BBC, Guyana has over 11 billion barrels in oil reserves.
Markets
The Best U.S. Companies to Work for According to LinkedIn
We visualized the results of a LinkedIn study on the best U.S. companies to work for in 2024.
The Best U.S. Companies to Work for According to LinkedIn
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
In this graphic, we list the 15 best U.S. companies to work for in 2024, according to LinkedIn data.
LinkedIn ranked companies based on eight pillars: ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, educational background, and employee presence in the country.
To be eligible, companies must have had 5,000 or more global employees, with at least 500 in the country as of December 31, 2023.
Data and Highlights
Financial institutions dominate the ranking of the best U.S. companies to work for in 2024, with JP Morgan Chase & Co. ranking first.
Rank | Company | Industry |
---|---|---|
1 | JP Morgan Chase & Co. | Financial Services |
2 | Amazon | E-commerce |
3 | Wells Fargo | Financial Services |
4 | Deloitte | Professional Services |
5 | PwC | Professional Services |
6 | UnitedHealth Group | Healthcare |
7 | AT&T | Telecommunications |
8 | Verizon | Telecommunications |
9 | Moderna | Pharmaceuticals |
10 | Alphabet Inc. | Technology |
11 | General Motors | Automotive |
12 | Bank of America | Financial Services |
13 | Mastercard | Financial Services |
14 | Capital One | Financial Services |
15 | Northrop Grumman | Aerospace & Defense |
J.P. Morgan has a program that offers opportunities for candidates without a university degree. In fact, in 2022, 75% of job descriptions at the bank for experienced hires did not require a college degree.
Meanwhile, Deloitte and Amazon offer a variety of free training courses, including in AI.
Moderna includes in its employee package benefits to help avoid employee burnout — from subsidized commuter expenses and pop-up daycare centers, to wellness coaches.
Mastercard offers flexible work availability, with 11.5% remote and 89% hybrid options.
It’s also interesting to note that only Amazon and Alphabet made the cut from the ‘Magnificent Seven’ companies (Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla).
See more about the best companies to work for in this infographic, which covers a separate ranking from Glassdoor.
-
Technology6 days ago
Visualizing AI Patents by Country
-
Green2 weeks ago
Ranking the Top 15 Countries by Carbon Tax Revenue
-
Markets2 weeks ago
U.S. Debt Interest Payments Reach $1 Trillion
-
Mining2 weeks ago
Gold vs. S&P 500: Which Has Grown More Over Five Years?
-
Uranium2 weeks ago
The World’s Biggest Nuclear Energy Producers
-
Misc2 weeks ago
How Hard Is It to Get Into an Ivy League School?
-
Debt2 weeks ago
How Debt-to-GDP Ratios Have Changed Since 2000
-
Culture2 weeks ago
The Highest Earning Athletes in Seven Professional Sports