Guinness World Records - Officially Amazing

Most rapidly decreasing economy

Next RecordPrevious Record

For the record

  • Who:

  • What: Most rapidly decreasing economy

  • Where:

The GNP of Georgia decreased by an average of 16.3% in the decade ending 1996, the current most rapid decline for a sovereign state. The GNP of the Gaza Strip and the West Bank have decreased by nearly 17% over the same period; these territories have been virtually blockaded by Israel since 1993. As a result the GDP of the Palestinian entity has fallen by 30% (according to UN economists) or by 35% (according to UN statisticians) in the period 1992-8.


Records change on a daily basis and are not immediately published online. For the most up to date record information, we welcome your questions via Facebook or Twitter.

Comments below may relate to previous holders of this record.