Sign In
  • Best Buys
  • Household Money
  • Banking & Borrowing
  • Mortgages & Home
  • Saving & Making Money
  • Rights, Scams & Politics
  • Motoring & Travel
  • Investing & Pensions
  • Savings & ISAs
  • Features
  • Compare

The rich countries who have seen lowest economic growth in 2022

Tough times for some wealthy countries
India: 6.6% annual GDP growth
Turkey: 5.3%
Indonesia: 5.3%
Spain: 4.7%
Argentina: 4.4%
UK: 4.4%
Australia: 4%
Italy: 3.7%
China: 3.3%
Canada: 3.2%
Brazil: 2.8%
South Korea: 2.7%
France: 2.6%
Mexico: 2.5%
USA: 1.8%
Germany: 1.8%
South Africa: 1.7%
Japan: 1.6%
Russia: -3.9%
1 of 20
William Potter/Shutterstock

Tough times for some wealthy countries

"The global economy is facing significant challenges." That's the grim, if unsurprising, update from the Organisation for Economic Co-operation and Development (OECD), which recently released its November Economic Outlook report. From the Russian war in Ukraine to ongoing lockdowns in China, various factors have stalled the global economy's recovery from COVID-19 during 2022. 

Read on to discover the OECD's latest predictions – and find out which nations will have fared the worst this year. All dollar figures in US dollars.

Gallery view |
List View

Daniel Coughlin

09 December 2022

Features

See more on this topic

Share the love