Like previous years, 2022 has been challenging for all countries across the world. Pandemic and the Russia-Ukraine war have created challenges and some countries faced a drop in GDP growth. However, data determines that many countries have GDP growth despite all the tough challenges the world has been experiencing in 2022. Most recently, the IMF has declared a forecast for countries with the highest GDP growth in 2022.

India is one of the fastest countries with growing economies in the world as they had 8.2 percent growth in April, but the latest forecast from the IMF points out a drop of India’s economic growth to 6.8 percent. However, India remains to be in the top 10 fastest growing economies. On the other hand, Guyana has the fastest-growing economy in the forecast with 57.8 percent growth in 2022 so far with the fact that it just became an oil producer about two years ago and it was one of the poorest countries in Latin America per capita before. Oil production is about to make Guyana one of the richest in Latin America and in the world as well. Also, their goal is to reach 800,000 oil barrel production per day by 2025.

Iraq and Egypt are doing very well according to the IMF forecast since Iraq places second in the list of highest GDP growth, which is 9.3 percent. Egypt is in the bottom of the top 10 with only 6.6 percent growth. Also, Saudi Arabia has 7.6 percent growth.

The war in Ukraine and sanctions on Russia play a big role in the economies of countries and it is well predicted that we will see many other changes in such forecasts.