The Fastest-Growing European Economies in 2024

What We’re Showing

This graphic ranks the top 15 European countries by their projected 2024 GDP growth. The data comes from the IMF’s World Economic Outlook as of October 2024. 

Key Takeaways 

• At the top of the list, Malta’s economy is oriented towards services, including tourism and financial services. It also focuses on exports in the manufacturing sector, particularly electronics and pharmaceuticals.
• Germany is Malta's biggest economic partner, accounting for 13% of Malta's exports.
• Serbia's economy has accelerated in 2024, driven by services, predominantly trade, tourism, catering, and construction.
• Despite sanctions, Russia's economy has grown through trade with China and India, along with the expansion of local businesses replacing Western companies.