19 of the 20 countries with the lowest estimated GDP per capita in the world in 2024 are located in Sub-Saharan Africa. South Sudan is believed to have a GDP per capita of just 351.02 U.S. dollars - for reference, Luxembourg has the highest GDP per capita in the world, at almost 130,000 U.S. dollars, which is around 400 times larger than that of Burundi (U.S. GDP per capita is over 250 times higher than Burundi's). Poverty in Sub-Saharan Africa Many parts of Sub-Saharan Africa have been among the most impoverished in the world for over a century, due to lacking nutritional and sanitation infrastructures, persistent conflict, and political instability. These issues are also being exacerbated by climate change, where African nations are some of the most vulnerable in the world, as well as the population boom that will place over the 21st century. Of course, the entire population of Sub-Saharan Africa does not live in poverty, and countries in the southern part of the continent, as well as oil-producing states around the Gulf of Guinea, do have some pockets of significant wealth (especially in urban areas). However, while GDP per capita may be higher in these countries, wealth distribution is often very skewed, and GDP per capita figures are not representative of average living standards across the population. Outside of Africa Yemen is the only country outside of Africa to feature on the list, due to decades of civil war and instability. Yemen lags very far behind some of its neighboring Arab states, some of whom rank among the richest in the world due to their much larger energy sectors. Additionally, the IMF does not make estimates for Afghanistan, which would also likely feature on this list.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The statistic shows 20 countries with the lowest growth in real GDP in 2024. In 2024, South Sudan's real gross domestic product had decreased by 27.61 percent compared to the previous year.

The average for 2023 based on 188 countries was 0.53 percent. The highest value was in the USA: 26.3 percent and the lowest value was in Andorra: 0 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

The average for 2024 based on 177 countries was 27291 U.S. dollars. The highest value was in Singapore: 132570 U.S. dollars and the lowest value was in Burundi: 836 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

Graph and download economic data for Constant GDP per capita for Low Income Countries (NYGDPPCAPKDLIC) from 1980 to 2024 about per capita, income, and GDP.

The gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 45.71 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Gross Domestic Product (GDP) is a measure of the total economic output of a country. It is the sum of all the goods and services produced within a country over a given period. The GDP of a country is an important indicator of its economic health and can be used to compare the economic performance of different countries.

According to the World Bank, the United States has the highest GDP of any country in the world, with a value of $23.3 trillion. The American economy is one of the most diversified and technologically advanced in the world which contributes to the US’s large GDP. China is the second-largest economy in the world, with a GDP of $17.7 trillion. Japan, Germany, India, the United Kingdom, and France round out the top seven, all with GDPs over $3 trillion.

On the other hand, there are countries with low GDPs. The country with the lowest GDP in the world is Nauru, with a value of $133.2 million. Palau, Marshall Islands, Federated States of Micronesia, and São Tomé and Príncipe are some other countries with low GDPs. These countries are typically characterized by limited natural resources, small populations, geographic isolation, and a heavy reliance on tourism or foreign aid.

It is important to note that GDP is not necessarily an accurate reflection of the economic well-being of a country’s citizens. While a high GDP indicates a large and productive economy, it does not necessarily mean that all citizens are equally prosperous. Countries with lower GDPs may also have a higher standard of living if income is distributed more equally among the population.

Graph and download economic data for Gross Domestic Product for Low and Middle Income Countries (NYGDPMKTPCDLMY) from 1960 to 2024 about income and GDP.

The average for 2024 based on 178 countries was 15841.4 U.S. dollars. The highest value was in Bermuda: 117661.27 U.S. dollars and the lowest value was in Burundi: 255.6 U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The gross domestic product (GDP) of the United States amounted to **** trillion U.S. dollars in 2023, making it the largest economy in the G20 and the largest worldwide. China was the second largest economy in that year, with a GDP valued at **** trillion U.S. dollars. It is worth noticing that while the U.S. GDP was forecast to increase by around **** trillion U.S. dollars until 2027, China's GDP is forecast to grow by around *** trillion U.S. dollars in the same time.

The average for 2024 based on 102 countries was 66.87 percent. The highest value was in Somalia: 123.99 percent and the lowest value was in Brunei: 28.5 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

The average for 2024 based on 177 countries was 528.3 billion U.S. dollars. The highest value was in the USA: 22679.5 billion U.S. dollars and the lowest value was in Kiribati: 0.3 billion U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This statistic shows the 20 countries with the highest growth of the gross domestic product (GDP) in 2024. In 2024, Guyana ranked 1st with an estimated GDP growth of approximately 43.57 percent compared to the previous year. GDP around the world Gross domestic product (GDP) is an indicator of the monetary value of all goods and services produced by a nation in a specific time period. GDP is a strong index of a country’s economic strength - the higher the GDP of a nation, the stronger that country’s economy. The countries in the world with the highest GDP or GDP per capita are mainly developed and emerging countries, with global gross domestic product amounting to nearly 75 trillion U.S. dollars. As of 2016, the United States is the nation in the world with the highest GDP with more than 18.56 trillion U.S. dollars, which makes up more than 15.7 percent of the global GDP. The countries with the lowest gross domestic product per capita in 2014 were mainly African nations. The country in the world with the lowest GDP per capita in 2016 was South Sudan, followed by Malawi, and Burundi. However, several economically struggling African and Asian countries such as Myanmar, Côte d'Ivoire, Bhutan, and India reported the highest growth of the gross domestic product in 2016. Also in the top 20 nations with the highest growth of the GDP is China. In 2016, the GDP in China was the second highest GDP in the world. It is estimated that by 2019 the GDP in China will grow by 6 percent. Based on this estimate, GDP in China will be at around 14.6 trillion U.S. dollars by 2019.

Content

The "Global Country Rankings Dataset" is a comprehensive collection of metrics and indicators that ranks countries worldwide based on their socioeconomic performance. This datasets are providing valuable insights into the relative standings of nations in terms of key factors such as GDP per capita, economic growth, and various other relevant criteria.

Researchers, analysts, and policymakers can leverage this dataset to gain a deeper understanding of the global economic landscape and track the progress of countries over time. The dataset covers a wide range of metrics, including but not limited to:

Economic growth: the rate of change of real GDP- Country rankings: The average for 2021 based on 184 countries was 5.26 percent.The highest value was in the Maldives: 41.75 percent and the lowest value was in Afghanistan: -20.74 percent. The indicator is available from 1961 to 2021.

GDP per capita, Purchasing Power Parity - Country rankings: The average for 2021 based on 182 countries was 21283.21 U.S. dollars.The highest value was in Luxembourg: 115683.49 U.S. dollars and the lowest value was in Burundi: 705.03 U.S. dollars. The indicator is available from 1990 to 2021.

GDP per capita, current U.S. dollars - Country rankings: The average for 2021 based on 186 countries was 17937.03 U.S. dollars.The highest value was in Monaco: 234315.45 U.S. dollars and the lowest value was in Burundi: 221.48 U.S. dollars. The indicator is available from 1960 to 2021.

GDP per capita, constant 2010 dollars - Country rankings: The average for 2021 based on 184 countries was 15605.8 U.S. dollars.The highest value was in Monaco: 204190.16 U.S. dollars and the lowest value was in Burundi: 261.02 U.S. dollars. The indicator is available from 1960 to 2021.

source: https://www.theglobaleconomy.com/