Gross Domestic Product (GDP) by Country in Current US Dollars 1984

Discover the Gross Domestic Product (GDP) by country in current US dollars, a key indicator of economic performance. This statistic reveals the financial health and growth potential of nations, making it essential for investors and policymakers.

213 data pointsWorldWorld Bank (WB)

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Complete Data Rankings

Rank
1
Afghanistan flag
Afghanistan
NaN $
2
Canada flag
Canada
356,718,400,123.543 $
3
China flag
China
260,442,857,142.857 $
4
Brazil flag
Brazil
188,339,974,086.58 $
5
Argentina flag
Argentina
116,915,052,107.031 $
6
Belgium flag
Belgium
83,349,530,159.173 $
7
Denmark flag
Denmark
58,868,891,334.994 $
8
Algeria flag
Algeria
53,698,548,293.074 $
9
Colombia flag
Colombia
38,253,120,737.967 $
10
China, Hong Kong SAR flag
China, Hong Kong SAR
33,511,383,985.674 $
11
Cuba flag
Cuba
24,039,383,608.423 $
12
Chile flag
Chile
19,974,595,028.158 $
13
Bangladesh flag
Bangladesh
18,920,840,000 $
14
Bulgaria flag
Bulgaria
17,594,944,444.444 $
15
Brunei Darussalam flag
Brunei Darussalam
7,632,788,075.162 $
16
Cameroon flag
Cameroon
7,311,938,026.367 $
17
Bolivia flag
Bolivia
6,169,483,225.359 $
18
Angola flag
Angola
6,131,475,065.178 $
19
Albania flag
Albania
1,857,337,995.338 $
20
American Samoa flag
American Samoa
NaN $
21
Congo, Democratic Republic of the flag
Congo, Democratic Republic of the
7,857,729,193.203 $
22
Côte d'Ivoire flag
Côte d'Ivoire
6,841,639,246.9 $
23
Bahrain flag
Bahrain
4,440,874,566.489 $
24
Costa Rica flag
Costa Rica
3,660,477,856.23 $
25
Cyprus flag
Cyprus
2,278,248,953.141 $
26
Congo flag
Congo
2,193,581,365.343 $
27
Bahamas flag
Bahamas
2,041,100,000 $
28
Burkina Faso flag
Burkina Faso
1,459,880,132.141 $
29
China, Macao SAR flag
China, Macao SAR
1,304,361,353.27 $
30
Botswana flag
Botswana
1,240,822,167.436 $
31
Benin flag
Benin
1,051,134,008.79 $
32
Andorra flag
Andorra
330,073,080.637 $
33
Antigua and Barbuda flag
Antigua and Barbuda
212,214,814.815 $
34
Armenia flag
Armenia
NaN $
35
Aruba flag
Aruba
NaN $
36
Australia flag
Australia
193,749,932,078.26 $
37
Austria flag
Austria
67,719,055,773.331 $
38
Azerbaijan flag
Azerbaijan
NaN $
39
Barbados flag
Barbados
1,346,890,071.098 $
40
Belarus flag
Belarus
NaN $
41
Cambodia flag
Cambodia
1,021,176,058.633 $
42
Burundi flag
Burundi
987,143,931.167 $
43
Bermuda flag
Bermuda
985,699,968 $
44
Chad flag
Chad
919,103,734.877 $
45
Central African Republic flag
Central African Republic
637,820,670.3 $
46
Belize flag
Belize
290,350,000 $
47
Bhutan flag
Bhutan
160,423,493.936 $
48
Bosnia and Herzegovina flag
Bosnia and Herzegovina
NaN $
49
Comoros flag
Comoros
189,102,734.154 $
50
Cabo Verde flag
Cabo Verde
132,019,038.592 $
51
Cayman Islands flag
Cayman Islands
NaN $
52
Croatia flag
Croatia
NaN $
53
Curaçao flag
Curaçao
NaN $
54
Czech Republic flag
Czech Republic
NaN $
55
Djibouti flag
Djibouti
NaN $
56
Japan flag
Japan
1,345,824,500,836.763 $
57
Germany flag
Germany
727,767,760,978.627 $
58
France flag
France
525,033,325,827.516 $
59
Italy flag
Italy
438,896,930,791.272 $
60
India flag
India
212,157,645,177.652 $
61
Iran flag
Iran
162,276,728,619.519 $
62
Indonesia flag
Indonesia
84,853,700,027.651 $
63
Finland flag
Finland
52,870,993,272.655 $
64
Greece flag
Greece
47,352,146,311.971 $
65
Iraq flag
Iraq
46,938,387,096.774 $
66
Egypt flag
Egypt
33,971,188,991.615 $
67
Israel flag
Israel
30,645,607,293.005 $
68
Kuwait flag
Kuwait
21,700,082,752.937 $
69
Hungary flag
Hungary
21,242,726,264.485 $
70
Ireland flag
Ireland
20,106,648,454.84 $
71
Guinea flag
Guinea
18,421,497,251.177 $
72
Ecuador flag
Ecuador
16,912,509,091.855 $
73
Dominican Republic flag
Dominican Republic
11,594,000,000 $
74
Guatemala flag
Guatemala
9,470,000,100 $
75
Ethiopia flag
Ethiopia
8,298,309,580.676 $
76
Kenya flag
Kenya
6,191,437,070.184 $
77
Jordan flag
Jordan
4,967,162,160.405 $
78
Ghana flag
Ghana
4,412,279,843.444 $
79
Honduras flag
Honduras
4,029,900,000 $
80
El Salvador flag
El Salvador
3,661,683,400 $
81
Gabon flag
Gabon
3,561,451,560.508 $
82
Iceland flag
Iceland
2,964,568,005.629 $
83
Jamaica flag
Jamaica
2,373,564,549.493 $
84
Haiti flag
Haiti
1,816,200,000 $
85
Laos flag
Laos
1,757,142,855.918 $
86
Fiji flag
Fiji
1,178,000,677.999 $
87
Dominica flag
Dominica
109,157,070.741 $
88
Equatorial Guinea flag
Equatorial Guinea
50,320,914.407 $
89
Eritrea flag
Eritrea
NaN $
90
Estonia flag
Estonia
NaN $
91
French Polynesia flag
French Polynesia
1,325,515,445.084 $
92
Eswatini flag
Eswatini
494,483,408.878 $
93
Guyana flag
Guyana
437,631,605.263 $
94
Faroe Islands flag
Faroe Islands
426,008,864.692 $
95
Greenland flag
Greenland
379,371,901.49 $
96
Gambia flag
Gambia
177,340,880.086 $
97
Georgia flag
Georgia
NaN $
98
Grenada flag
Grenada
145,533,310.741 $
99
Guam flag
Guam
NaN $
100
Guinea-Bissau flag
Guinea-Bissau
359,980,490.729 $
101
Isle of Man flag
Isle of Man
251,195,796.754 $
102
Kazakhstan flag
Kazakhstan
NaN $
103
Kiribati flag
Kiribati
34,394,167.042 $
104
Kosovo flag
Kosovo
NaN $
105
Kyrgyzstan flag
Kyrgyzstan
NaN $
106
Latvia flag
Latvia
NaN $
107
Lebanon flag
Lebanon
NaN $
108
Mexico flag
Mexico
184,230,754,105.394 $
109
Netherlands flag
Netherlands
144,124,462,912.088 $
110
Nigeria flag
Nigeria
73,484,359,521.489 $
111
Norway flag
Norway
62,057,955,032.776 $
112
Philippines flag
Philippines
35,730,185,633.523 $
113
Malaysia flag
Malaysia
33,942,897,422.047 $
114
Pakistan flag
Pakistan
31,151,825,467.498 $
115
Libya flag
Libya
29,476,109,152.753 $
116
Portugal flag
Portugal
25,217,969,049.575 $
117
New Zealand flag
New Zealand
21,665,975,318.884 $
118
Puerto Rico flag
Puerto Rico
19,162,600,000 $
119
Peru flag
Peru
17,600,400,384.507 $
120
Morocco flag
Morocco
14,824,667,954.367 $
121
Oman flag
Oman
8,821,443,150.925 $
122
Qatar flag
Qatar
6,704,395,824.176 $
123
Panama flag
Panama
6,183,387,100 $
124
Paraguay flag
Paraguay
4,502,462,807.14 $
125
Luxembourg flag
Luxembourg
4,438,435,492.879 $
126
Madagascar flag
Madagascar
3,905,938,480.861 $
127
Nicaragua flag
Nicaragua
3,117,599,872.088 $
128
Nepal flag
Nepal
2,581,207,387.797 $
129
Papua New Guinea flag
Papua New Guinea
2,552,662,617.189 $
130
Mongolia flag
Mongolia
2,098,734,600 $
131
Namibia flag
Namibia
1,951,260,037.945 $
132
Malawi flag
Malawi
1,758,028,656.129 $
133
Rwanda flag
Rwanda
1,587,413,083.921 $
134
Niger flag
Niger
1,461,243,326.129 $
135
Myanmar flag
Myanmar
1,304,063,253.041 $
136
Malta flag
Malta
1,101,807,023.049 $
137
Mauritania flag
Mauritania
1,074,373,230.363 $
138
Monaco flag
Monaco
1,037,329,604.351 $
139
Liberia flag
Liberia
848,478,300 $
140
Liechtenstein flag
Liechtenstein
502,620,991.853 $
141
Lithuania flag
Lithuania
NaN $
142
Mali flag
Mali
1,387,809,614.749 $
143
Mauritius flag
Mauritius
1,054,564,759.053 $
144
New Caledonia flag
New Caledonia
796,066,194.739 $
145
Saint Lucia flag
Saint Lucia
251,481,481.481 $
146
Saint Vincent and the Grenadines flag
Saint Vincent and the Grenadines
135,024,987.778 $
147
Maldives flag
Maldives
109,503,546.099 $
148
Saint Kitts and Nevis flag
Saint Kitts and Nevis
98,603,703.704 $
149
Micronesia (Fed. States of) flag
Micronesia (Fed. States of)
84,676,118 $
150
Nauru flag
Nauru
47,363,231.299 $
151
Marshall Islands flag
Marshall Islands
45,144,000 $
152
Montenegro flag
Montenegro
NaN $
153
Mozambique flag
Mozambique
NaN $
154
Northern Mariana Islands flag
Northern Mariana Islands
NaN $
155
North Macedonia flag
North Macedonia
NaN $
156
Palau flag
Palau
44,814,259 $
157
Poland flag
Poland
NaN $
158
Republic of Moldova flag
Republic of Moldova
NaN $
159
Romania flag
Romania
NaN $
160
Russia flag
Russia
NaN $
161
Saint Martin (French part) flag
Saint Martin (French part)
NaN $
162
Samoa flag
Samoa
109,200,934.329 $
163
San Marino flag
San Marino
NaN $
164
United States flag
United States
4,037,613,000,000 $
165
United Kingdom flag
United Kingdom
461,487,097,632.349 $
166
Spain flag
Spain
171,979,977,230.387 $
167
Saudi Arabia flag
Saudi Arabia
119,624,858,115.778 $
168
Sweden flag
Sweden
109,043,045,407.287 $
169
South Africa flag
South Africa
84,870,163,365.931 $
170
Turkey flag
Turkey
59,937,602,179.837 $
171
Venezuela flag
Venezuela
59,867,743,467.933 $
172
United Arab Emirates flag
United Arab Emirates
41,807,954,235.903 $
173
Singapore flag
Singapore
19,749,361,097.965 $
174
Syrian Arab Republic flag
Syrian Arab Republic
17,503,078,174.004 $
175
Tanzania flag
Tanzania
12,906,635,133.156 $
176
Sudan flag
Sudan
10,447,615,384.615 $
177
Tunisia flag
Tunisia
8,254,541,194.826 $
178
Trinidad and Tobago flag
Trinidad and Tobago
7,757,083,333.333 $
179
Zimbabwe flag
Zimbabwe
6,355,369,171.996 $
180
Sri Lanka flag
Sri Lanka
6,043,474,842.767 $
181
Uruguay flag
Uruguay
4,850,238,549.618 $
182
Uganda flag
Uganda
3,615,647,477.054 $
183
Senegal flag
Senegal
3,485,165,431.714 $
184
Zambia flag
Zambia
2,719,518,932.995 $
185
Lesotho flag
Lesotho
333,163,670.28 $
186
Sao Tome and Principe flag
Sao Tome and Principe
78,213,795.925 $
187
Serbia flag
Serbia
NaN $
188
Sierra Leone flag
Sierra Leone
1,087,471,861.989 $
189
Seychelles flag
Seychelles
160,992,920.96 $
190
Sint Maarten (Dutch part) flag
Sint Maarten (Dutch part)
NaN $
191
Slovakia flag
Slovakia
NaN $
192
Slovenia flag
Slovenia
NaN $
193
Switzerland flag
Switzerland
109,455,312,167.511 $
194
South Korea flag
South Korea
99,749,645,088.599 $
195
Togo flag
Togo
1,014,170,069.217 $
196
Somalia flag
Somalia
787,434,541.729 $
197
Solomon Islands flag
Solomon Islands
181,570,473.772 $
198
South Sudan flag
South Sudan
NaN $
199
State of Palestine flag
State of Palestine
NaN $
200
Suriname flag
Suriname
864,000,000 $
201
Tajikistan flag
Tajikistan
NaN $
202
Thailand flag
Thailand
41,797,647,775.624 $
203
Timor-Leste flag
Timor-Leste
NaN $
204
Tonga flag
Tonga
64,248,354.541 $
205
Turkmenistan flag
Turkmenistan
NaN $
206
Turks and Caicos Islands flag
Turks and Caicos Islands
NaN $
207
Tuvalu flag
Tuvalu
4,481,977.903 $
208
Ukraine flag
Ukraine
NaN $
209
United States Virgin Islands flag
United States Virgin Islands
NaN $
210
Uzbekistan flag
Uzbekistan
NaN $
211
Vanuatu flag
Vanuatu
144,482,515.368 $
212
Vietnam flag
Vietnam
NaN $
213
Yemen flag
Yemen
NaN $

Top 10 Countries

  1. #1Afghanistan flagAfghanistan
  2. #2Canada flagCanada
  3. #3China flagChina
  4. #4Brazil flagBrazil
  5. #5Argentina flagArgentina
  6. #6Belgium flagBelgium
  7. #7Denmark flagDenmark
  8. #8Algeria flagAlgeria
  9. #9Colombia flagColombia
  10. #10China, Hong Kong SAR flagChina, Hong Kong SAR

Analysis: These countries represent the highest values in this dataset, showcasing significant scale and impact on global statistics.

Bottom 10 Countries

  1. #213Yemen flagYemen
  2. #212Vietnam flagVietnam
  3. #211Vanuatu flagVanuatu
  4. #210Uzbekistan flagUzbekistan
  5. #209United States Virgin Islands flagUnited States Virgin Islands
  6. #208Ukraine flagUkraine
  7. #207Tuvalu flagTuvalu
  8. #206Turks and Caicos Islands flagTurks and Caicos Islands
  9. #205Turkmenistan flagTurkmenistan
  10. #204Tonga flagTonga

Context: These countries or territories have the lowest values, often due to geographic size, administrative status, or specific characteristics.

Analysis & Context

The Gross Domestic Product (GDP) by country in current US dollars is a critical measure that reflects the economic performance and growth potential of nations. In 1984, this metric provided valuable insights into the global economic landscape, revealing disparities and growth patterns across different economies. Understanding GDP data from this year is essential for investors, policymakers, and economic historians who seek to comprehend historical economic trends and the financial health of nations during this period.

Global Economic Dynamics in 1984

1984 marked a significant year for the global economy, characterized by varied economic performances across nations. The United States led the world with a staggering GDP of over $4 trillion, demonstrating its robust economic position and influence on international markets. Japan followed at some distance with a GDP exceeding $1.34 trillion, showcasing its rapid post-war industrialization and technological advancements. These figures highlight the dominance of developed nations in the global economy during this era, underscoring the economic divide between industrialized and developing countries.

Economic Powerhouses and Emerging Markets

As economic powerhouses, countries like Germany, France, and the United Kingdom also played pivotal roles in the global economic framework. Germany, with a GDP of approximately $728 billion, France at $525 billion, and the UK at $461 billion, demonstrated their significant economic clout in Europe. Meanwhile, emerging markets like China and India were beginning to show their potential. China's GDP reached approximately $260 billion, while India recorded over $212 billion. Although dwarfed by Western economies, these figures indicated the beginnings of their eventual rise as influential global players.

Disparities in Wealth and Economic Health

The GDP data from 1984 also highlighted stark disparities in wealth and economic health among nations. The bottom ten countries, such as Tuvalu and Kiribati, had GDPs ranging from a mere $4.48 million to $98 million. These figures reflect the challenges faced by small island nations and less developed countries, often hindered by limited resources and economic opportunities. This contrast between the economic giants and smaller economies underscores the vast differences in living standards and development levels across the globe.

Year-over-year changes in GDP reveal intriguing shifts and trends. The United States and China showed significant increases, with the US GDP rising by over $403 billion (an 11.1% increase) and China by approximately $29 billion (12.7%). These growth rates point to the dynamic nature of these economies and their ability to capitalize on technological and industrial advancements. Conversely, Germany, France, and the United Kingdom experienced declines, with Germany's GDP decreasing by nearly $46 billion. Such reductions were influenced by various factors, including economic policies, currency fluctuations, and global market conditions.

Policy and Economic Influences

In 1984, economic policies and international agreements significantly impacted GDP outcomes. For instance, the United States continued to benefit from Reaganomics, which emphasized tax cuts, deregulation, and increased military spending, fostering economic growth. Similarly, Japan's focus on export-driven growth and industrial innovation propelled its economic success. In contrast, countries facing economic challenges often grappled with policy constraints, political instability, and debt-related issues that hindered their economic progress.

The GDP data for 1984 provides a comprehensive view of the economic landscape, reflecting the strengths and weaknesses of different economies. It serves as a historical snapshot, offering insights into the dynamics of global wealth distribution and the factors influencing economic performance. As the world continues to evolve, analyzing past economic data remains crucial for understanding current trends and future possibilities.

Insights by country

1

Sierra Leone

Sierra Leone was ranked 118th out of 213 countries in terms of Gross Domestic Product (GDP) by country in current US dollars for the year 1984. The GDP value for Sierra Leone during this period was approximately $1,087,471,861.99.

This economic figure reflects the country's economic challenges during the early 1980s, which included a reliance on agriculture and mining, particularly diamonds, along with the impact of global commodity prices. Factors such as political instability, a lack of infrastructure, and limited access to international markets contributed to the country's economic situation at that time.

In the broader context, Sierra Leone's GDP was indicative of the struggles faced by many African nations during this decade, characterized by fluctuating economic conditions and the effects of colonial legacies. Despite these challenges, Sierra Leone's rich natural resources, particularly in diamonds and minerals, have been pivotal in shaping its economic landscape in subsequent years.

2

Andorra

In 1984, Andorra ranked 140th out of 213 countries in terms of Gross Domestic Product (GDP) by country in current US dollars, with a reported value of $330,073,080.64. This figure reflects the economic activity of the small, landlocked principality situated in the eastern Pyrenees mountains between France and Spain.

Andorra's economy during this period was heavily influenced by its status as a tourist destination, particularly known for ski resorts and shopping, which attracted visitors from neighboring countries. The absence of value-added tax (VAT) helped to boost retail sales, contributing significantly to its GDP. Furthermore, the principality's banking sector also played a crucial role in its economic stability, offering favorable conditions for foreign investments.

Despite its small size, Andorra's economy displayed resilience, with its GDP per capita being among the highest in the world. The country's unique political status and economic structure have allowed it to navigate challenges effectively, making it an interesting case study in microstate economics.

3

Jordan

In 1984, Jordan ranked 79th out of 213 countries in terms of Gross Domestic Product (GDP) measured in current US dollars. During this year, Jordan's GDP was approximately $4,967,162,160, reflecting the economic conditions and challenges faced by the country at the time.

This economic figure is indicative of Jordan's ongoing efforts to stabilize and develop its economy amidst regional instability and limited natural resources. Factors contributing to its GDP include foreign aid, remittances from Jordanians working abroad, and a focus on sectors such as agriculture, services, and tourism.

Moreover, the mid-1980s was a period of economic challenge for Jordan, characterized by external debts and the repercussions of regional conflicts. Despite these challenges, Jordan's strategic location and relative stability in the region have allowed it to attract investment and maintain economic ties with other nations.

4

Germany

In 1984, Germany achieved a remarkable position as the third-largest economy in the world, with a Gross Domestic Product (GDP) valued at $727,767,760,978.63 in current US dollars. This substantial economic output highlighted Germany's strength as a leading industrial nation during a time of significant global economic change.

The impressive GDP figure was influenced by various factors, including Germany's robust manufacturing sector, which was known for its high-quality engineering and exports, particularly in automobiles and machinery. Additionally, the country's strategic location in Europe facilitated trade and economic interactions with neighboring nations.

During this period, Germany was also experiencing the effects of the post-World War II economic recovery, known as the "Wirtschaftswunder" or economic miracle, which contributed to its rapid growth in productivity and innovation. By maintaining a strong focus on exports and investing in technology, Germany set the foundation for its continued economic success in subsequent decades.

5

American Samoa

In 1984, American Samoa was ranked 168 out of 213 countries in terms of Gross Domestic Product (GDP) by country in current US dollars. Notably, the GDP value for American Samoa during this year was null dollars, indicating that the economic data was either not recorded or was not available for this specific period.

This ranking and GDP figure reflect the unique economic structure of American Samoa, which relies heavily on the tuna canning industry, agriculture, and US federal funding. The territory's economic limitations, including its geographical isolation and small population, contribute to such low GDP figures compared to other nations.

American Samoa's economy has historically been challenged by factors such as limited natural resources, dependence on a few key industries, and vulnerability to external economic shocks. Interestingly, American Samoa also benefits from its status as a US territory, which allows for certain economic protections and assistance, although these have not always translated into high GDP figures.

6

Algeria

In the year 1984, Algeria ranked 30th out of 213 countries in terms of Gross Domestic Product (GDP) measured in current US dollars, with a reported GDP of $53,698,548,293. This substantial figure reflects the country's economic position during a period marked by significant state control over the economy and extensive reliance on hydrocarbon exports.

The high GDP value can be attributed to Algeria's rich natural resources, particularly its abundant reserves of oil and natural gas, which have historically been the backbone of its economy. The nationalization of the oil and gas sectors in the early 1970s allowed the government to capture a large share of revenues, fueling economic growth and enabling public spending on social programs.

Additionally, the economic landscape of Algeria in the 1980s was shaped by geopolitical factors, including the impact of the global oil market fluctuations and the aftermath of the 1970s oil crisis. This period also saw Algeria experiencing both economic challenges, such as rising unemployment and inflation, and opportunities due to its strategic position as a leading oil and gas supplier.

7

Ecuador

In 1984, Ecuador ranked 58th out of 213 countries in terms of Gross Domestic Product (GDP) measured in current US dollars, with a reported GDP of $16,912,509,091.86. This figure reflects the economic output of the country during a period marked by political and economic challenges.

The economy of Ecuador in 1984 was significantly influenced by its reliance on oil exports, which were a major driver of national revenue. Fluctuations in global oil prices, coupled with economic policies and external debt pressures, shaped the economic landscape, affecting both GDP and overall growth.

Additionally, Ecuador faced social and political issues, including periods of instability, which impacted investment and economic development. Despite these challenges, the country began to implement reforms that would eventually lead to more stable economic practices in the following decades.

8

Croatia

In 1984, Croatia ranked 175th out of 213 countries in terms of Gross Domestic Product (GDP) measured in current US dollars, with a reported value of null dollars. This ranking highlights the economic challenges faced by Croatia during this period, particularly as it was part of the Socialist Federal Republic of Yugoslavia, which was experiencing significant economic difficulties.

The absence of a recorded GDP value for Croatia in 1984 can be attributed to several factors, including the centrally planned economy of Yugoslavia, which often led to inconsistent and unreported economic data. Additionally, the political instability and rising nationalistic sentiments in the region were beginning to manifest, which would later culminate in the Croatian War of Independence in the early 1990s.

During this time, the region was marked by a lack of investment and slow economic growth, further exacerbated by external debt and inefficiencies in state-owned enterprises. As a point of interest, following independence in the early 1990s, Croatia's GDP began to show significant changes, reflecting a transition towards a market economy and integration into European structures.

9

Finland

In 1984, Finland ranked 31 out of 213 countries in terms of Gross Domestic Product (GDP), with a total GDP valued at approximately $52,870,993,272.66 in current US dollars. This position reflects Finland's strong economic performance during a time when many nations were grappling with the effects of the global economic downturn.

The robust GDP figure can be attributed to Finland's well-developed industrial sector, particularly in telecommunications and machinery, alongside a strong emphasis on education and innovation. Additionally, Finland's strategic location in Northern Europe facilitated trade with both Western and Eastern markets, contributing to its economic growth during this period.

Interestingly, Finland's economic landscape in the 1980s was characterized by its transition from an agrarian economy to a more industrialized one, highlighting the importance of policy decisions that favored technological advancement and increased productivity. This shift laid the groundwork for Finland's later success in becoming a leader in high-tech industries.

10

Bangladesh

In 1984, Bangladesh ranked 53rd out of 213 countries in terms of Gross Domestic Product (GDP), with a reported value of 18,920,840,000 USD. This figure reflects the economic conditions of the country during a period marked by significant challenges, including recovery from the devastating impacts of the 1971 Liberation War and subsequent natural disasters.

The GDP value of Bangladesh during this time can be attributed to a primarily agrarian economy, with a large portion of the population engaged in agriculture, which accounted for a significant share of the country's output. Additionally, the nascent industrial sector was beginning to emerge, driven by the textile and garment industries that would later become a cornerstone of the economy.

Interestingly, this economic position laid the groundwork for future growth; by the 1990s, the country would start to experience accelerated economic development. The challenges faced in 1984, such as poverty and infrastructure deficits, would eventually lead to reforms and international aid efforts aimed at enhancing economic stability and growth.

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World Bank (WB)

The World Bank is like a cooperative, made up of 189 member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank. Generally, the governors are member countries' ministers of finance or ministers of development. They meet once a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund.

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Historical Data by Year

Explore Gross Domestic Product (GDP) by Country in Current US Dollars data across different years. Compare trends and see how statistics have changed over time.

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