Ranked: Countries With the Most GDP Per Capita Growth (2020-2025)

The New Diplomat
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  • Liechtenstein’s GDP per capita has grown by $67,713 since 2020, the largest absolute gain globally.
  • Guyana saw the sharpest percentage increase in GDP per capita, surging 351% in five years, fueled by its rapidly expanding oil industry.

Since 2020, U.S. GDP per capita has grown by $25,081, the seventh-highest increase in the world.

Robust financial markets and economic resilience have supported the economy, even as inflation strained consumer wallets. Outside of America, there have been similar success stories, with some countries even doubling their GDP per capita in that relatively short span of time.

This graphic shows countries with the biggest gains in wealth growth since 2020, based on data from the IMF’s latest World Economic Outlook.

The Top Countries by GDP Per Capita Growth

Here are the top 20 countries by GDP per capita growth in the past five years, in nominal terms based on U.S. dollars:

Rank Country GDP per Capita
Dollar Increase
2020-2025
Rank Country GDP per Capita
% Increase
2020-2025
1 🇱🇮 Liechtenstein $67,713 1 🇬🇾 Guyana 351%
2 🇮🇪 Ireland $42,914 2 🇬🇪 Georgia 135%
3 🇲🇴 Macao $37,820 3 🇰🇬 Kyrgyz Republic 119%
4 🇮🇸 Iceland $35,912 4 🇦🇲 Armenia 110%
5 🇸🇬 Singapore $33,071 5 🇹🇷 Türkiye 108%
6 🇱🇺 Luxembourg $29,248 6 🇦🇱 Albania 106%
7 🇺🇸 U.S. $25,081 7 🇻🇪 Venezuela 102%
8 🇨🇭 Switzerland $24,911 8 🇲🇴 Macao 102%
9 🇬🇾 Guyana $24,425 9 🇧🇬 Bulgaria 100%
10 🇳🇴 Norway $23,608 10 🇭🇹 Haiti 99%
11 🇶🇦 Qatar $20,479 11 🇲🇪 Montenegro 99%
12 🇳🇱 Netherlands $19,644 12 🇧🇮 Burundi 98%
13 🇸🇲 San Marino $19,628 13 🇹🇯 Tajikistan 92%
14 🇲🇹 Malta $17,440 14 🇲🇻 Maldives 91%
15 🇦🇼 Aruba $17,091 15 🇷🇸 Serbia 89%
16 🇬🇧 UK $16,430 16 🇲🇩 Moldova 89%
17 🇩🇰 Denmark $15,505 17 🇺🇿 Uzbekistan 86%
18 🇮🇱 Israel $15,414 18 🇸🇹 São Tomé and
PrĂ­ncipe
86%
19 🇧🇪 Belgium $14,484 19 🇭🇷 Croatia 82%
20 🇨🇾 Cyprus $14,117 20 🇵🇱 Poland 78%

Liechtenstein soars above the rest, with GDP per capita rising $67,713 since 2020.

Underscoring this jump is the fact that its currency is tied to the Swiss franc, which rose 20% against the U.S. dollar over the period. At the same time, the country stands as a hub for advanced, competitive manufacturing. The country also has many working commuters from neighboring nations, and this helps up drive up domestic wealth measures like GDP per capita.

Ireland ranks in second, with a $42,914 jump in GDP per capita. Several Big Tech and pharmaceutical companies are headquartered in the country, further driving up the nation’s wealth.

If we look at GDP per capita in terms of percentage gains, Guyana is a clear global outlier. Since 2020, GDP per capita has skyrocketed 351%. Guyana’s 11 billion barrel oil discovery is one of the world’s largest in decades, significantly fueling GDP growth.

Meanwhile, several countries across Eastern Europe and Asia have witnessed the sharpest gains in GDP per capita globally, with Georgia, Kyrgz Republic, Armenia, and TĂĽrkiye standing in the top five.

Credit: Visual Capitalist

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