Gross Domestic Product (GDP) by Country in Current US Dollars 2021
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.
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Complete Data Rankings
Rank | ||
|---|---|---|
1 | China | 18,201,698,719,563.96 $ |
2 | Canada | 2,022,378,748,423.234 $ |
3 | Brazil | 1,670,647,464,062.962 $ |
4 | Australia | 1,560,617,493,202.694 $ |
5 | Belgium | 598,522,422,241.851 $ |
6 | Argentina | 486,564,085,480.036 $ |
7 | Austria | 480,466,363,176.806 $ |
8 | Bangladesh | 416,271,647,911.014 $ |
9 | Denmark | 406,110,162,088.054 $ |
10 | China, Hong Kong SAR | 368,954,169,748.818 $ |
11 | Colombia | 318,524,633,225.395 $ |
12 | Chile | 315,325,547,162.072 $ |
13 | Czech Republic | 290,972,714,482.313 $ |
14 | Algeria | 186,231,205,262.082 $ |
15 | Bulgaria | 84,374,613,233.36 $ |
16 | Angola | 79,559,543,805.296 $ |
17 | Côte d'Ivoire | 72,794,636,653.779 $ |
18 | Belarus | 69,673,747,131.87 $ |
19 | Croatia | 69,002,365,163.337 $ |
20 | Costa Rica | 64,960,725,734.197 $ |
21 | Congo, Democratic Republic of the | 59,067,289,573.51 $ |
22 | Azerbaijan | 54,825,411,764.706 $ |
23 | Bolivia | 47,877,892,402.315 $ |
24 | Cameroon | 45,011,937,346.838 $ |
25 | Bahrain | 40,840,212,765.957 $ |
26 | Cambodia | 36,790,163,687.442 $ |
27 | China, Macao SAR | 30,633,941,629.363 $ |
28 | Cyprus | 30,372,642,502.49 $ |
29 | Bosnia and Herzegovina | 23,672,712,121.267 $ |
30 | Burkina Faso | 19,697,516,284.379 $ |
31 | Botswana | 18,750,182,236.221 $ |
32 | Albania | 18,031,989,573.029 $ |
33 | Benin | 17,687,623,530.336 $ |
34 | Chad | 16,871,937,697.585 $ |
35 | Congo | 14,825,690,210.916 $ |
36 | Afghanistan | 14,259,995,441.076 $ |
37 | Brunei Darussalam | 14,006,496,617.446 $ |
38 | Armenia | 13,878,908,628.938 $ |
39 | Bahamas | 12,037,000,000 $ |
40 | Bermuda | 7,290,037,000 $ |
41 | Cayman Islands | 6,060,813,808.151 $ |
42 | Barbados | 5,947,550,000 $ |
43 | Burundi | 3,435,598,072.794 $ |
44 | Andorra | 3,324,648,075.563 $ |
45 | Aruba | 2,880,902,798.923 $ |
46 | Bhutan | 2,768,802,960.112 $ |
47 | Curaçao | 2,739,594,359.591 $ |
48 | Central African Republic | 2,516,498,412.464 $ |
49 | Belize | 2,428,606,250 $ |
50 | Cabo Verde | 2,051,842,618.705 $ |
51 | Antigua and Barbuda | 1,602,125,925.926 $ |
52 | Comoros | 1,272,238,390.859 $ |
53 | American Samoa | 750,000,000 $ |
54 | Cuba | NaN $ |
55 | Japan | 5,039,148,168,861.225 $ |
56 | Germany | 4,355,251,953,410.783 $ |
57 | India | 3,167,270,623,260.469 $ |
58 | France | 2,966,433,692,008.092 $ |
59 | Italy | 2,179,207,773,596.089 $ |
60 | Indonesia | 1,186,509,691,086.731 $ |
61 | Ireland | 530,394,123,829.763 $ |
62 | Israel | 489,851,549,972.347 $ |
63 | Egypt | 424,671,765,455.704 $ |
64 | Iran | 407,350,685,583.335 $ |
65 | Finland | 294,223,210,496.119 $ |
66 | Greece | 218,303,801,895.326 $ |
67 | Iraq | 209,691,945,713.103 $ |
68 | Kazakhstan | 197,112,255,360.612 $ |
69 | Hungary | 183,282,685,440.486 $ |
70 | Kuwait | 148,350,671,489.144 $ |
71 | Kenya | 109,703,658,904.994 $ |
72 | Ethiopia | 109,070,960,371.859 $ |
73 | Ecuador | 107,179,074,000 $ |
74 | Dominican Republic | 94,850,719,516.713 $ |
75 | Guatemala | 86,455,522,272.738 $ |
76 | Ghana | 79,514,204,730.398 $ |
77 | Jordan | 46,296,100,140.845 $ |
78 | Latvia | 38,183,326,784.933 $ |
79 | Estonia | 37,201,101,170.585 $ |
80 | El Salvador | 29,043,140,000 $ |
81 | Honduras | 28,144,331,506.615 $ |
82 | Iceland | 26,234,872,402.457 $ |
83 | Lebanon | 23,131,941,556.784 $ |
84 | Haiti | 20,944,387,975.705 $ |
85 | Gabon | 19,444,935,097.239 $ |
86 | Georgia | 18,853,115,588.811 $ |
87 | Laos | 18,827,148,530.935 $ |
88 | Guinea | 17,069,115,737.826 $ |
89 | Jamaica | 15,963,885,376.354 $ |
90 | Equatorial Guinea | 12,215,878,032.717 $ |
91 | Kosovo | 9,413,408,574.495 $ |
92 | Kyrgyzstan | 9,249,133,946.265 $ |
93 | Guyana | 8,041,362,110.312 $ |
94 | Isle of Man | 7,931,193,222.064 $ |
95 | Guam | 6,234,000,000 $ |
96 | French Polynesia | 5,994,931,236.423 $ |
97 | Eswatini | 4,807,069,277.201 $ |
98 | Fiji | 4,158,873,156.18 $ |
99 | Faroe Islands | 3,699,551,717.106 $ |
100 | Djibouti | 3,392,796,953.089 $ |
101 | Greenland | 3,293,578,467.573 $ |
102 | Lesotho | 2,412,130,056.559 $ |
103 | Gambia | 2,014,158,842.146 $ |
104 | Guinea-Bissau | 1,908,094,558.34 $ |
105 | Dominica | 562,911,111.111 $ |
106 | Eritrea | NaN $ |
107 | United States | 23,315,080,560,000 $ |
108 | United Kingdom | 3,194,559,188,925.927 $ |
109 | South Korea | 1,942,313,560,965.904 $ |
110 | Russia | 1,829,186,719,575.096 $ |
111 | Spain | 1,461,244,901,852.69 $ |
112 | Mexico | 1,316,569,466,685.951 $ |
113 | Netherlands | 1,054,472,123,449.596 $ |
114 | Saudi Arabia | 982,661,066,666.667 $ |
115 | Turkey | 839,938,668,172.134 $ |
116 | Switzerland | 815,309,330,986.719 $ |
117 | Poland | 689,170,230,665.35 $ |
118 | Sweden | 631,693,331,300.776 $ |
119 | Nigeria | 609,147,716,972.859 $ |
120 | Thailand | 506,194,668,789.937 $ |
121 | Norway | 503,367,986,030.268 $ |
122 | Singapore | 436,591,382,250.464 $ |
123 | United Arab Emirates | 422,441,388,699.796 $ |
124 | South Africa | 419,986,284,375.368 $ |
125 | Philippines | 394,087,359,848.11 $ |
126 | Malaysia | 373,784,553,029.978 $ |
127 | Vietnam | 366,474,752,771.009 $ |
128 | Pakistan | 348,516,647,445.148 $ |
129 | Romania | 285,071,280,114.469 $ |
130 | Portugal | 256,055,879,091.139 $ |
131 | New Zealand | 253,977,931,814.967 $ |
132 | Peru | 226,328,766,459.634 $ |
133 | Ukraine | 199,765,859,570.935 $ |
134 | Qatar | 179,732,142,857.143 $ |
135 | Morocco | 142,022,058,447.231 $ |
136 | Slovakia | 120,511,265,913.343 $ |
137 | Puerto Rico | 106,426,600,000 $ |
138 | Sri Lanka | 88,556,698,937.703 $ |
139 | Oman | 87,323,797,139.142 $ |
140 | Luxembourg | 86,386,759,695.165 $ |
141 | Uzbekistan | 77,340,060,003.035 $ |
142 | Tanzania | 70,655,628,147.899 $ |
143 | Panama | 67,396,392,506.238 $ |
144 | Lithuania | 67,037,321,008.968 $ |
145 | Myanmar | 66,345,291,149.443 $ |
146 | Serbia | 66,159,884,072.531 $ |
147 | Slovenia | 61,540,813,361.856 $ |
148 | Uruguay | 60,739,084,240.863 $ |
149 | Venezuela | 56,614,976,854.55 $ |
150 | Tunisia | 47,073,234,359.182 $ |
151 | Zimbabwe | 41,287,673,690.077 $ |
152 | Turkmenistan | 40,589,905,812.036 $ |
153 | Uganda | 40,529,788,748.674 $ |
154 | Paraguay | 39,950,899,938.747 $ |
155 | Nepal | 36,924,841,394.26 $ |
156 | Libya | 35,217,995,647.286 $ |
157 | Sudan | 34,229,513,774.994 $ |
158 | Senegal | 27,520,784,129.751 $ |
159 | Papua New Guinea | 26,109,413,521.312 $ |
160 | Trinidad and Tobago | 24,222,963,262.721 $ |
161 | Mali | 22,999,245,262.672 $ |
162 | Zambia | 22,096,416,932.009 $ |
163 | Malta | 19,739,875,611.49 $ |
164 | State of Palestine | 18,109,000,000 $ |
165 | Mozambique | 16,168,055,475.445 $ |
166 | Mongolia | 15,286,441,737.669 $ |
167 | Niger | 14,915,002,436.069 $ |
168 | Madagascar | 14,354,731,964.326 $ |
169 | Syrian Arab Republic | 14,353,205,678.499 $ |
170 | Nicaragua | 14,209,020,361.851 $ |
171 | North Macedonia | 14,000,283,827.015 $ |
172 | Republic of Moldova | 13,691,869,264.079 $ |
173 | Namibia | 12,402,486,183.64 $ |
174 | Malawi | 12,378,119,199.084 $ |
175 | Mauritius | 11,622,048,696.813 $ |
176 | Rwanda | 11,078,787,090.156 $ |
177 | New Caledonia | 10,071,349,663.848 $ |
178 | Somalia | 9,483,000,000 $ |
179 | Mauritania | 9,222,536,364.013 $ |
180 | Tajikistan | 8,937,805,347.14 $ |
181 | Monaco | 8,623,242,743.296 $ |
182 | Togo | 8,541,668,141.262 $ |
183 | Liechtenstein | 7,912,602,342.189 $ |
184 | Sierra Leone | 7,166,931,485.494 $ |
185 | Montenegro | 5,823,715,809.633 $ |
186 | Maldives | 5,252,457,369.552 $ |
187 | United States Virgin Islands | 4,507,000,000 $ |
188 | Timor-Leste | 3,625,024,341.273 $ |
189 | Liberia | 3,513,049,500 $ |
190 | Suriname | 3,107,923,197.97 $ |
191 | Saint Lucia | 1,867,185,185.185 $ |
192 | San Marino | 1,855,652,786.184 $ |
193 | Solomon Islands | 1,558,312,103.842 $ |
194 | Seychelles | 1,487,173,794.805 $ |
195 | Sint Maarten (Dutch part) | 1,353,071,061.453 $ |
196 | Turks and Caicos Islands | 1,236,459,000 $ |
197 | Grenada | 1,122,222,222.222 $ |
198 | Vanuatu | 950,394,006.533 $ |
199 | Northern Mariana Islands | 914,000,000 $ |
200 | Saint Vincent and the Grenadines | 888,677,777.778 $ |
201 | Samoa | 859,724,936.058 $ |
202 | Saint Kitts and Nevis | 858,622,222.222 $ |
203 | Saint Martin (French part) | 649,206,262.848 $ |
204 | Sao Tome and Principe | 524,402,455.548 $ |
205 | Micronesia (Fed. States of) | 391,601,900 $ |
206 | Kiribati | 285,259,881.132 $ |
207 | Marshall Islands | 261,245,544.434 $ |
208 | Palau | 231,343,460.083 $ |
209 | Nauru | 175,390,280.692 $ |
210 | South Sudan | NaN $ |
211 | Tonga | 519,306,352.787 $ |
212 | Tuvalu | 60,196,405.714 $ |
213 | Yemen | NaN $ |
↑Top 10 Countries
- #1
China
- #2
Canada
- #3
Brazil
- #4
Australia
- #5
Belgium
- #6
Argentina
- #7
Austria
- #8
Bangladesh
- #9
Denmark
- #10
China, Hong Kong SAR
Analysis: These countries represent the highest values in this dataset, showcasing significant scale and impact on global statistics.
↓Bottom 10 Countries
- #213
Yemen
- #212
Tuvalu
- #211
Tonga
- #210
South Sudan
- #209
Nauru
- #208
Palau
- #207
Marshall Islands
- #206
Kiribati
- #205
Micronesia (Fed. States of)
- #204
Sao Tome and Principe
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 for the year 2021 offers a comprehensive view of global economic performance. As a key metric, GDP serves as an indicator of a nation's financial health and growth potential, making it indispensable for policymakers and investors alike. The data for 2021 reveals a landscape shaped by recovery efforts post-COVID-19 and varying economic policies, providing a rich tapestry of insights into the complex dynamics of international economies.
Global Economic Recovery in 2021
The year 2021 marked a period of significant economic recovery worldwide, as countries emerged from the economic downturn induced by the COVID-19 pandemic. The United States led the global GDP rankings with a staggering $23.3 trillion, highlighting its robust economic resurgence. This growth was fueled by substantial fiscal stimulus, a rebound in consumer spending, and a strong labor market. Meanwhile, China, with a GDP of $18.2 trillion, experienced a remarkable 21.4% increase from the previous year, driven by a swift recovery in manufacturing and exports. These top two economies illustrated the diverse paths of recovery, each leveraging its unique strengths in technology and trade.
Exploring Regional Dynamics
Regional disparities in GDP are evident in the 2021 data, reflecting varying stages of development and policy effectiveness. Europe demonstrated notable economic strength, with Germany ($4.35 trillion) and the United Kingdom ($3.19 trillion) showing substantial growth. Germany's increase by 10.5% was driven by its industrial base and export prowess. On the other hand, the United Kingdom's 17.3% growth emphasized its resilience in adapting post-Brexit. In Asia, India's GDP of $3.16 trillion highlighted an 18.4% growth, underscoring its recovery in sectors like technology and agriculture. Conversely, countries like Myanmar faced economic contraction due to political instability, with GDP declining by 16%.
Wealth Concentration and Inequality
The discrepancy in GDP figures also underscores the global wealth concentration, where high-income countries dominate the GDP rankings. The top ten economies collectively accounted for a significant portion of global economic output, with the United States and China alone representing a large share. This concentration of wealth is mirrored in the vast difference between the top and bottom countries. For instance, the GDP of the United States was exponentially higher than that of Saint Martin (French part), which recorded the lowest GDP at approximately $649 million. This stark contrast highlights persistent economic inequality and underscores the need for inclusive growth strategies.
Policy Influences on Economic Performance
Government policies played a pivotal role in shaping the economic outcomes of 2021, with countries implementing varied fiscal and monetary measures to stimulate growth. In the United States, aggressive stimulus packages and accommodative monetary policies fueled economic expansion. Similarly, China's strategic investments in infrastructure and technology sectors were instrumental in its GDP growth. Conversely, countries like Japan, which saw a slight GDP decrease of 0.3%, faced challenges in maintaining growth momentum due to demographic issues and slower vaccine rollouts. These examples underscore the critical impact of policy decisions on national economic trajectories.
Economic Outlook and Future Trends
Looking beyond 2021, the global economic landscape exhibits both opportunities and challenges. The substantial GDP growth witnessed in many countries suggests a resilient recovery trajectory. However, challenges such as inflationary pressures, supply chain disruptions, and geopolitical tensions might influence future GDP performance. Countries are likely to continue leveraging technology and innovation to bolster growth, with an increasing focus on sustainable development. The ongoing efforts to address economic inequality and foster inclusive growth remain vital for ensuring a balanced and prosperous global economy.
In summary, the Gross Domestic Product (GDP) by country in current US dollars for 2021 provides a nuanced perspective on the economic recovery post-COVID-19, regional dynamics, wealth disparity, and policy impacts. As nations navigate the complexities of the global economy, understanding these patterns becomes essential for shaping informed economic strategies and fostering sustainable growth.
Insights by country
Mexico
In 2021, Mexico ranked 15th out of 213 countries in terms of Gross Domestic Product (GDP) by country in current US dollars, with a total GDP valued at $1,316,569,466,685.95. This substantial economic output reflects Mexico's position as one of the largest economies in Latin America and its integration into the global market.
The high GDP can be attributed to various factors, including a diverse economy that encompasses manufacturing, services, and agriculture, as well as significant trade relationships, particularly with the United States, which is Mexico's largest trading partner. Additionally, Mexico benefits from a large labor force and a growing middle class that drives domestic consumption.
In recent years, Mexico has experienced challenges such as economic disruptions due to the COVID-19 pandemic, which impacted growth. Nevertheless, the resilience of its economic infrastructure and strategic policies have positioned Mexico to recover and continue to be a key player in international trade.
Norway
In 2021, Norway achieved a remarkable Gross Domestic Product (GDP) of approximately $503.37 billion, ranking 27th among 213 countries globally. This position reflects Norway's strong economic performance, characterized by a high standard of living and robust welfare systems.
The nation's GDP is significantly bolstered by its rich natural resources, particularly oil and gas, which contribute extensively to the economy. Additionally, Norway benefits from a well-developed infrastructure, a skilled workforce, and a commitment to sustainable practices, enhancing its economic resilience and growth potential.
Norway's economic strategy emphasizes the importance of diversification and innovation, allowing the country to maintain its high GDP despite fluctuations in global oil prices. Furthermore, the country's social policies and investment in education and technology play a crucial role in fostering a stable economic environment.
Lithuania
Lithuania ranks 79th out of 213 countries in terms of Gross Domestic Product (GDP) by Country in Current US Dollars for the year 2021. The country's GDP was recorded at approximately $67,037,321,008.97, reflecting a steady economic performance despite the global challenges posed by the COVID-19 pandemic.
This GDP figure underscores Lithuania's transition to a more market-oriented economy and its integration into the European Union, which have both contributed to its economic growth. Key sectors such as manufacturing, services, and information technology have played significant roles in driving this growth, as well as a relatively low unemployment rate and increasing foreign investment.
Additionally, Lithuania has shown resilience in its economic policies, managing to maintain a stable macroeconomic environment and fostering innovation. Notably, the country has also been recognized for its high-quality education system, which supports its workforce in adapting to changing economic demands.
Samoa
Samoa ranks 197th out of 213 countries in terms of Gross Domestic Product (GDP) for the year 2021, with a reported value of approximately $859,724,936 in current US dollars. This figure reflects the economic output of the nation, indicating the total value of goods and services produced over the year.
The relatively low GDP value and ranking can be attributed to several factors, including Samoa's small population of around 200,000 inhabitants, limited natural resources, and reliance on agriculture and tourism as the primary sectors of the economy. The impact of the COVID-19 pandemic further exacerbated economic challenges, particularly in the tourism sector, which is crucial for the islands' economic stability.
In addition to tourism, Samoa is also affected by remittances from citizens living abroad, which play a significant role in the country's economy. Despite these challenges, Samoa has been working towards diversifying its economy and improving infrastructure to enhance economic growth and resilience in the future.
Sierra Leone
Sierra Leone's Gross Domestic Product (GDP) in 2021 was approximately $7,166,931,485, ranking it 158th out of 213 countries globally. This figure reflects the total market value of all goods and services produced within the country over the year, indicating a modest economy in comparison to larger nations.
The relatively low GDP can be attributed to various factors, including historical challenges such as the civil war that ended in 2002, which had lasting impacts on infrastructure and economic stability. Additionally, Sierra Leone's economy heavily relies on natural resources like diamonds and agriculture, making it vulnerable to fluctuations in global commodity prices.
In recent years, the country has made strides towards recovery and growth, but it continues to face challenges such as high unemployment rates, poverty, and limited access to education and healthcare. Despite these challenges, Sierra Leone has potential for growth, particularly in sectors like tourism and sustainable agriculture, which could help boost its GDP in the future.
Malawi
In 2021, Malawi ranked 141 out of 213 countries in terms of Gross Domestic Product (GDP), with a total value of 12,378,119,199.08 USD. This statistic reflects the size and health of Malawi's economy, which is primarily driven by agriculture, contributing significantly to its GDP.
The economy of Malawi faces several challenges, including high levels of poverty, infrastructure deficits, and vulnerability to climate change. These factors can limit economic growth and development, affecting investment and productivity in various sectors. Additionally, the reliance on rain-fed agriculture makes the economy susceptible to weather fluctuations, impacting food security and income levels.
Despite these challenges, Malawi has made strides in some areas, such as improving access to education and healthcare, which are fundamental for long-term economic stability and growth. In recent years, government initiatives have aimed at diversifying the economy and attracting foreign investment to spur development.
Slovenia
In 2021, Slovenia ranked 83rd out of 213 countries in terms of Gross Domestic Product (GDP) measured in current US dollars, with a GDP valued at $61,540,813,361.86. This statistic reflects Slovenia's relatively stable and developed economy within the European Union, characterized by a mix of industry, services, and a growing technology sector.
The factors contributing to Slovenia's GDP include its strategic location in Central Europe, a well-educated workforce, and a robust export-oriented economy. The country has benefited from its integration into the EU market, which has facilitated trade and investment, particularly in sectors such as automotive, pharmaceuticals, and information technology.
Additionally, Slovenia's GDP per capita, which is significantly above the regional average, underscores its economic resilience and development. In 2021, the nation's economic growth was supported by post-pandemic recovery efforts, highlighting the importance of fiscal policies and international cooperation in bolstering economic performance.
South Korea
In 2021, South Korea achieved a significant milestone by ranking 10th globally in terms of Gross Domestic Product (GDP) measured in current US dollars, with a total GDP of $1,942,313,560,965.90. This remarkable economic performance underscores South Korea's position as one of the world's largest economies, driven by its advanced technology sector, robust manufacturing base, and strong export markets.
The country's economic strength can be attributed to several key factors, including its emphasis on innovation, substantial investments in research and development, and a highly skilled workforce. Additionally, South Korea is home to major multinational corporations, such as Samsung and Hyundai, which contribute significantly to its GDP through exports and global market presence.
Furthermore, South Korea has a diverse economy that encompasses various sectors, including electronics, automobiles, shipbuilding, and petrochemicals. This diversification has helped the country maintain resilience against global economic fluctuations and has fostered sustained economic growth over the years.
Papua New Guinea
Papua New Guinea ranked 109th out of 213 countries in terms of Gross Domestic Product (GDP) measured in current US dollars for the year 2021. The country's GDP was recorded at approximately $26.11 billion, reflecting its economic output and performance during that year.
This economic figure is influenced by various factors, including the country's abundant natural resources, such as minerals and agricultural products, which play a significant role in the economy. Additionally, the ongoing challenges of infrastructure development, political stability, and governance have affected economic growth and investment in Papua New Guinea.
Furthermore, Papua New Guinea's economy is characterized by a large informal sector, which contributes to the overall GDP but remains difficult to quantify accurately. The nation has witnessed fluctuations in GDP growth rates due to external factors such as global commodity prices and internal challenges including natural disasters and social issues.
Liechtenstein
In 2021, Liechtenstein ranked 156th out of 213 countries in terms of Gross Domestic Product (GDP), with a reported value of $7,912,602,342. This figure reflects the country's unique economic landscape, characterized by a strong financial sector, industrial production, and a high standard of living.
Liechtenstein's relatively low GDP ranking can be attributed to its small size and population, which limits the scale of its economy. However, the country boasts a high GDP per capita, making it one of the wealthiest nations in the world when measured on an individual basis. The economy is heavily reliant on sectors such as finance, manufacturing, and services, contributing to its economic stability and growth.
Additionally, Liechtenstein enjoys a favorable business environment, with low corporate taxes and a strong legal framework that attracts foreign investment. These factors, combined with its strategic location in Europe, position Liechtenstein as a competitive player in the global economy.
Data Source
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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