This is a list of countries by industrial production growth rate mostly based on The World Factbook, [1] as of September 2024.
Rank | Country | Industrial production growth rate % | Date of Estimate |
---|---|---|---|
1 | Guyana | 98.53 | 2022 |
2 | Kiribati | 21.11 | 2021 |
3 | Slovakia | 15.61 | 2023 |
4 | Fiji | 15.32 | 2023 |
5 | DR Congo | 14.56 | 2023 |
6 | Liberia | 13.86 | 2023 |
7 | Panama | 13.06 | 2023 |
8 | Mongolia | 12.57 | 2023 |
9 | Libya | 12.54 | 2023 |
10 | San Marino | 11.57 | 2021 |
11 | Guinea | 11.47 | 2023 |
12 | Mauritius | 10.47 | 2023 |
13 | Mozambique | 10.43 | 2023 |
14 | Bahamas | 10.34 | 2023 |
15 | Rwanda | 10.25 | 2023 |
16 | Marshall Islands | 10.24 | 2022 |
17 | Djibouti | 10 | 2023 |
18 | Isle of Man | 9.95 | 2021 |
19 | Tajikistan | 9.26 | 2022 |
20 | Namibia | 9.19 | 2023 |
21 | Ivory Coast | 9.06 | 2023 |
22 | India | 9.02 | 2023 |
23 | Iran | 8.84 | 2023 |
24 | Ukraine | 8.61 | 2023 |
25 | United Arab Emirates | 8.49 | 2022 |
26 | Bangladesh | 8.37 | 2023 |
27 | Costa Rica | 8.35 | 2023 |
28 | Belarus | 8.12 | 2023 |
29 | Kuwait | 8.05 | 2022 |
30 | Denmark | 7.91 | 2023 |
31 | Kazakhstan | 7.36 | 2023 |
32 | Benin | 7.29 | 2023 |
33 | Maldives | 7.26 | 2023 |
34 | Ethiopia | 6.93 | 2023 |
35 | Togo | 6.74 | 2023 |
36 | Papua New Guinea | 6.61 | 2022 |
37 | São Tomé and Príncipe | 6.59 | 2022 |
38 | Gambia | 6.5 | 2023 |
39 | Georgia | 6.15 | 2023 |
40 | Uzbekistan | 6.15 | 2023 |
41 | Nicaragua | 6.07 | 2023 |
42 | Israel | 6.05 | 2021 |
43 | Turks and Caicos Islands | 5.84 | 2016 |
44 | Bhutan | 5.6 | 2022 |
45 | Bermuda | 5.57 | 2022 |
46 | Armenia | 5.51 | 2023 |
47 | Zimbabwe | 5.5 | 2022 |
48 | Hong Kong | 5.06 | 2022 |
49 | Oman | 5.05 | 2022 |
50 | Dominica | 5.01 | 2023 |
51 | Indonesia | 5 | 2023 |
52 | Jamaica | 4.98 | 2023 |
53 | Kyrgyzstan | 4.93 | 2023 |
54 | Vanuatu | 4.92 | 2018 |
55 | Solomon Islands | 4.7 | 2022 |
56 | French Polynesia | 4.3 | 2014 |
57 | Cambodia | 4.3 | 2023 |
58 | Turkmenistan | 4.3 | 2014 |
59 | Curaçao | 4.3 | 2014 |
60 | U.S. Virgin Islands | 4.3 | 2014 |
61 | Northern Mariana Islands | 4.3 | 2014 |
62 | Tuvalu | 4.3 | 2014 |
63 | Malta | 4.3 | 2014 |
64 | New Caledonia | 4.3 | 2014 |
65 | North Korea | 4.3 | 2014 |
66 | Liechtenstein | 4.3 | 2014 |
67 | Somalia | 4.3 | 2014 |
68 | Guam | 4.3 | 2014 |
69 | Saint Martin | 4.3 | 2014 |
70 | Faroe Islands | 4.3 | 2014 |
71 | Eritrea | 4.3 | 2014 |
72 | Puerto Rico | 4.3 | 2014 |
73 | Gibraltar | 4.3 | 2014 |
74 | Nauru | 4.3 | 2014 |
75 | El Salvador | 4.12 | 2023 |
76 | Albania | 4.03 | 2023 |
77 | Anguilla | 4 | 2017 |
78 | Guinea-Bissau | 4 | 2023 |
79 | Saint Vincent and the Grenadines | 3.91 | 2023 |
80 | Taiwan | 3.9 | 2017 |
81 | Tanzania | 3,9 | 2023 |
82 | Antigua and Barbuda | 3.89 | 2023 |
83 | Andorra | 3.88 | 2023 |
84 | Cameroon | 3.8 | 2023 |
85 | Slovenia | 3.88 | 2023 |
86 | Vietnam | 3.74 | 2023 |
87 | Algeria | 3.74 | 2023 |
88 | Barbados | 3.64 | 2023 |
89 | Serbia | 3.62 | 2023 |
90 | Philippines | 3.59 | 2023 |
91 | China | 3.58 | 2023 |
92 | Russia | 3.56 | 2023 |
93 | Mexico | 3.52 | 2023 |
94 | Saint Lucia | 3.5 | 2023 |
95 | Uganda | 3.5 | 2023 |
96 | Gabon | 3.5 | 2023 |
97 | Cayman Islands | 3.45 | 2022 |
98 | Paraguay | 3.43 | 2023 |
99 | Montenegro | 3.34 | 2023 |
100 | Jordan | 3.28 | 2023 |
101 | Sierra Leone | 3.27 | 2023 |
102 | Chad | 3.27 | 2023 |
103 | United States | 3.25 | 2021 |
104 | Iceland | 3.24 | 2023 |
105 | Trinidad and Tobago | 3.18 | 2022 |
106 | Cyprus | 3.16 | 2023 |
107 | Suriname | 3.05 | 2023 |
108 | Niger | 2.9 | 2023 |
109 | Senegal | 2.9 | 2023 |
110 | Burundi | 2.75 | 2023 |
111 | Laos | 2.61 | 2023 |
112 | Turkey | 2.34 | 2023 |
113 | Botswana | 2.25 | 2021 |
114 | Kenya | 2.2 | 2023 |
115 | Seychelles | 2.13 | 2023 |
116 | Burkina Faso | 1.95 | 2023 |
117 | Spain | 1.94 | 2023 |
118 | Guatemala | 1.91 | 2023 |
119 | Zambia | 1.73 | 2023 |
120 | Qatar | 1.69 | 2022 |
121 | Greece | 1.68 | 2023 |
122 | Guernsey | 1.64 | 2022 |
123 | Jersey | 1.64 | 2022 |
124 | Brazil | 1.59 | 2023 |
125 | Malawi | 1.58 | 2023 |
126 | Chile | 1.56 | 2023 |
127 | Kosovo | 1.56 | 2023 |
128 | Myanmar | 2.54 | 2021 |
129 | Slovakia | 1.53 | 2023 |
130 | Malaysia | 1.43 | 2023 |
131 | Nepal | 1.38 | 2023 |
132 | Azerbaijan | 1.34 | 2023 |
133 | Australia | 1.34 | 2023 |
134 | Tonga | 1.23 | 2021 |
135 | Cape Verde | 1.18 | 2023 |
136 | Romania | 1.15 | 2023 |
137 | South Korea | 1.14 | 2023 |
138 | British Virgin Islands | 1 | 2023 |
139 | Bolivia | 1 | 2023 |
140 | Morocco | 0.96 | 2023 |
141 | Bulgaria | 0.91 | 2023 |
142 | Micronesia | 0.78 | 2023 |
143 | Congo | 0.75 | 2023 |
144 | France | 0.74 | 2023 |
145 | Lebanon | 0.74 | 2023 |
146 | Nigeria | 0.72 | 2023 |
147 | Latvia | 0.71 | 2023 |
148 | Poland | 0.55 | 2023 |
149 | Luxembourg | 0.49 | 2023 |
150 | Sint Maarten | 0.46 | 2021 |
151 | Norway | 0.22 | 2023 |
152 | United Kingdom | 0.14 | 2023 |
153 | Comoros | 0 | 2023 |
154 | Italy | -0.02 | 2023 |
155 | Dominican Republic | -0.07 | 2023 |
156 | South Africa | -0.15 | 2023 |
157 | Lesotho | -0.33 | 2023 |
158 | Argentina | -0.35 | 2023 |
159 | Czech Republic | -0.44 | 2023 |
160 | Croatia | -0.47 | 2023 |
161 | Mauritania | -0.48 | 2023 |
162 | Egypt | -0.57 | 2023 |
163 | Ecuador | -0.675 | 2023 |
164 | Mali | -0.82 | 2023 |
165 | Canada | -0.9 | 2023 |
166 | North Macedonia | -1.07 | 2023 |
167 | Bahrain | -1.1 | 2023 |
168 | Yemen | -1.13 | 2018 |
169 | Portugal | -1.13 | 2023 |
170 | Ghana | -1.22 | 2023 |
171 | Japan | -1.25 | 2022 |
172 | Peru | -1.28 | 2023 |
173 | Brunei | -1.43 | 2023 |
174 | Tunisia | -1.5 | 2023 |
175 | Saudi Arabia | -1.51 | 2023 |
176 | Germany | -1.59 | 2023 |
177 | Switzerland | -1.66 | 2023 |
178 | Samoa | -1.9 | 2023 |
179 | Belgium | -1.95 | 2023 |
180 | Colombia | -1.95 | 2023 |
181 | Austria | -1.99 | 2023 |
182 | Netherlands | -2.02 | 2023 |
183 | Honduras | -2.04 | 2023 |
184 | Lithuania | -2.17 | 2023 |
185 | Thailand | -2.27 | 2023 |
186 | Saint Kitts and Nevis | -2.4 | 2023 |
187 | New Zealand | -2.56 | 2022 |
188 | Sweden | -2.68 | 2023 |
189 | Finland | -2.72 | 2023 |
190 | Bosnia and Herzegovina | -2.8 | 2023 |
191 | Singapore | -2.89 | 2023 |
192 | Monaco | -3.16 | 2014 |
193 | Pakistan | -3.76 | 2023 |
194 | Haiti | -3.82 | 2023 |
195 | Uruguay | -3.83 | 2023 |
196 | Grenada | -4.07 | 2023 |
197 | Belize | -4.52 | 2023 |
198 | Hungary | -5.16 | 2023 |
199 | Macau | -5.63 | 2022 |
200 | Afghanistan | -5.73 | 2022 |
201 | Venezuela | -5.84 | 2014 |
202 | Iraq | -6.34 | 2023 |
203 | Cuba | -6.73 | 2023 |
204 | Angola | -7.18 | 2023 |
205 | West Bank | -8.57 | 2023 |
206 | Gaza Strip | -8.57 | 2023 |
207 | Sri Lanka | -9.23 | 2023 |
208 | Estonia | -9.7 | 2023 |
209 | Central African Republic | -10.28 | 2023 |
210 | Greenland | -10.63 | 2021 |
211 | Ireland | -10.79 | 2023 |
212 | Sudan | -11.6 | 2023 |
213 | Moldova | -11.73 | 2023 |
214 | Equatorial Guinea | -11.87 | 2023 |
215 | Syria | -14.03 | 2021 |
216 | Palau | -19.56 | 2022 |
217 | Montserrat | -21 | 2017 |
218 | Madagascar | -33.28 | 2023 |
219 | South Sudan | -36.78 | 2015 |
220 | East Timor | -46.25 | 2022 |
The economy of American Samoa is a traditional Polynesian economy in which more than 90% of the land is communally owned. American Samoa is an unincorporated territory of the United States; economic activity is strongly linked to the main customs zone of the U.S., with which American Samoa conducts the great bulk of its trade. Tuna fishing and processing plants are the backbone of the private sector, with canned tuna being the primary export. Transfers from the U.S. federal government add substantially to American Samoa's economic well-being. Attempts by the government to develop a larger and broader economy are restrained by Samoa's remote location, its limited transportation, and its devastating hurricanes.
The economy of Croatia is a developed mixed economy. It is one of the largest economies in Southeast Europe by nominal gross domestic product (GDP). It is an open economy with accommodative foreign policy, highly dependent on international trade in Europe. Within Croatia, economic development varies among its counties, with strongest growth in Central Croatia and its financial centre, Zagreb. It has a very high level of human development, low levels of income inequality, and a high quality of life. Croatia's labor market has been perennially inefficient, with inconsistent business standards as well as ineffective corporate and income tax policy.
The economy of Estonia is rated advanced by the World Bank, i.e. with high quality of life and advanced infrastructure relative to less industrialized nations. Estonia is a member of the European Union, eurozone and OECD The economy is heavily influenced by developments in the Finnish and Swedish economies.
The economy of Mongolia has traditionally been based on agriculture and livestock. Mongolia also has extensive mineral deposits: copper, coal, molybdenum, tin, tungsten, and gold account for a large part of industrial production. Soviet assistance, at its height one-third of Gross domestic product (GDP), disappeared almost overnight in 1990–91, in the time of the collapse of the Soviet Union. Mongolia was driven into deep recession.
The economy of Morocco is considered a relatively liberal economy, governed by the law of supply and demand. Since 1993, in line with many Western world changes, Morocco has followed a policy of privatisation. Morocco has become a major player in African economic affairs, and is the 6th largest African economy by GDP (PPP). The World Economic Forum placed Morocco as the most competitive economy in North Africa, in its African Competitiveness Report 2014–2015Archived 19 January 2022 at the Wayback Machine.
The economy of North Korea is a centrally planned economy, following Juche, where the role of market allocation schemes is limited, although increased to an extent. As of 2024, North Korea continues its basic adherence to a centralized planned economy. With a total gross domestic product of $28.500 billion as of 2016, there has been some economic liberalization, particularly after Kim Jong Un assumed the leadership in 2012, but reports conflict over particular legislation and enactment. Since the 1990s, informal market activity has increased, which the government has tolerated. These markets are referred to as 'Jangmadang', and were formed as a result of the economic collapse during the 1990s, which made the regime unable to distribute food to its people.
The economy of Nicaragua is focused primarily on the agricultural sector. Nicaragua itself is the least developed country in Central America, and the second poorest in the Americas by nominal GDP. In recent years, under the administrations of Daniel Ortega, the Nicaraguan economy has expanded somewhat, following the Great Recession, when the country's economy actually contracted by 1.5%, due to decreased export demand in the American and Central American markets, lower commodity prices for key agricultural exports, and low remittance growth. The economy saw 4.5% growth in 2010 thanks to a recovery in export demand and growth in its tourism industry. Nicaragua's economy continues to post growth, with preliminary indicators showing the Nicaraguan economy growing an additional 5% in 2011. Consumer Price inflation have also curtailed since 2008, when Nicaragua's inflation rate hovered at 19.82%. In 2009 and 2010, the country posted lower inflation rates, 3.68% and 5.45%, respectively. Remittances are a major source of income, equivalent to 15% of the country's GDP, which originate primarily from Costa Rica, the United States, and European Union member states. Approximately one million Nicaraguans contribute to the remittance sector of the economy.
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according to the International Monetary Fund (IMF).
The economy of Paraguay is a market economy that is highly dependent on agriculture products. In recent years, Paraguay's economy has grown as a result of increased agricultural exports, especially soybeans. Paraguay has the economic advantages of a young population and vast hydroelectric power. Its disadvantages include the few available mineral resources, and political instability. The government welcomes foreign investment.
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster. There is no official definition of a recession, according to the IMF.
The economy of South Korea is a highly developed mixed economy. By nominal GDP, the economy was worth ₩2.24 quadrillion. It has the 4th largest economy in Asia and the 14th largest in the world as of 2024. South Korea is notable for its rapid economic development from an underdeveloped nation to a developed, high-income country in a few generations. This economic growth has been described as the Miracle on the Han River, which has allowed it to join the OECD and the G20. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century. Among OECD members, South Korea has a highly efficient and strong social security system; social expenditure stood at roughly 15.5% of GDP. South Korea spends around 4.93% of GDP on advance research and development across various sectors of the economy.
The economy of Slovakia is based upon Slovakia becoming an EU member state in 2004, and adopting the euro at the beginning of 2009. Its capital, Bratislava, is the largest financial centre in Slovakia. As of Q1 2018, the unemployment rate was 5.72%.
The economy of Ukraine is a developing, upper-middle income, mixed economy. It grew rapidly from 2000 until 2008 when the Great Recession began worldwide and reached Ukraine. The economy recovered in 2010 and continued improving until 2013. From 2014 to 2015, the Ukrainian economy suffered a severe downturn, with GDP in 2015 being slightly above half of its value in 2013. In 2016, the economy again started to grow. By 2018, the Ukrainian economy was growing rapidly, and reached almost 80% of its size in 2008.
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products, or distributed via the tertiary industry to end users and consumers.
The economy of Belgium is a highly developed, high-income, mixed economy.
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP).
Industrial fermentation is the intentional use of fermentation in manufacturing processes. In addition to the mass production of fermented foods and drinks, industrial fermentation has widespread applications in chemical industry. Commodity chemicals, such as acetic acid, citric acid, and ethanol are made by fermentation. Moreover, nearly all commercially produced industrial enzymes, such as lipase, invertase and rennet, are made by fermentation with genetically modified microbes. In some cases, production of biomass itself is the objective, as is the case for single-cell proteins, baker's yeast, and starter cultures for lactic acid bacteria used in cheesemaking.
The industrial sector comprised 38.3% of the gross domestic product (GDP) of China in 2023. China is the world's leading manufacturer of chemical fertilizers, cement and steel. Prior to 1978, most output was produced by state-owned enterprises. As a result of the economic reforms that followed, there was a significant increase in production by enterprises sponsored by local governments, especially townships and villages, and, increasingly, by private entrepreneurs and foreign investors, but by 1990 the state sector accounted for about 70 percent of output. By 2002 the share in gross industrial output by state-owned and state-holding industries had decreased with the state-run enterprises themselves accounting for 46 percent of China's industrial output. In November, 2012 the State Council mandated a "social risk assessment" for all major industrial projects. This requirement followed mass public protests in some locations for planned projects or expansions.
Manufacturing in Vietnam after reunification followed a pattern that was initially the reverse of the record in agriculture; it showed recovery from a depressed base in the early postwar years. However, this recovery stopped in the late 1970s as the war in Cambodia and the threat from China caused the government to redirect food, finance, and other resources to the military. This move worsened shortages and intensified old bottlenecks. At the same time, the invasion of Cambodia cost Vietnam urgent foreign economic support. China's attack on Vietnam in 1979 compounded industrial problems by damaging important industrial facilities in the North, particularly a major steel plant and an apatite mine.
Industry of Croatia plays an important role in the country's economy. It has a longstanding tradition based since the 19th century on agriculture, forestry and mining. Many industrial branches developed at that time, like wood industry, food manufacturing, potash production, shipbuilding, leather and footwear production, textile industry, and others. Today, the industrial sectors in Croatia are food and beverage industry, metal processing and machine industry, including vehicles (20%), coke and refined petroleum production (17%), chemical, pharmaceutical, rubber and plastics industry (11%), wood, furniture and paper manufacturing (9%), electrical equipment, electronics and optics fabrication (9%), textile, clothing and footwear industry (5%) as well as construction and building materials production (5%).