5 Countries With Highest Rate of Economic Growth in 5 Years

1. Guyana

Average Real GDP Growth (2018-2022): 27.14%

With an average real GDP growth of 27.14%, Guyana tops the chart of countries with the highest GDP growth in the last five years. In 2022, the Guyanese economy grew at a staggering 62.3%, driven primarily by crude oil exports. The Caribbean island nation was one of the poorest countries in South America until 2015 when Exxon Mobil Corporation discovered large oil deposits in Guyana. The country is producing an estimated 360,000 barrels of oil per day, with half of the cargoes going to Europe.

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