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.

213 data pointsWorldWorld Bank (WB)

Interactive Map

Complete Data Rankings

Rank
1
China flag
China
18,201,698,719,563.96 $
2
Canada flag
Canada
2,022,378,748,423.234 $
3
Brazil flag
Brazil
1,670,647,464,062.962 $
4
Australia flag
Australia
1,560,617,493,202.694 $
5
Belgium flag
Belgium
598,522,422,241.851 $
6
Argentina flag
Argentina
486,564,085,480.036 $
7
Austria flag
Austria
480,466,363,176.806 $
8
Bangladesh flag
Bangladesh
416,271,647,911.014 $
9
Denmark flag
Denmark
406,110,162,088.054 $
10
China, Hong Kong SAR flag
China, Hong Kong SAR
368,954,169,748.818 $
11
Colombia flag
Colombia
318,524,633,225.395 $
12
Chile flag
Chile
315,325,547,162.072 $
13
Czech Republic flag
Czech Republic
290,972,714,482.313 $
14
Algeria flag
Algeria
186,231,205,262.082 $
15
Bulgaria flag
Bulgaria
84,374,613,233.36 $
16
Angola flag
Angola
79,559,543,805.296 $
17
Côte d'Ivoire flag
Côte d'Ivoire
72,794,636,653.779 $
18
Belarus flag
Belarus
69,673,747,131.87 $
19
Croatia flag
Croatia
69,002,365,163.337 $
20
Costa Rica flag
Costa Rica
64,960,725,734.197 $
21
Congo, Democratic Republic of the flag
Congo, Democratic Republic of the
59,067,289,573.51 $
22
Azerbaijan flag
Azerbaijan
54,825,411,764.706 $
23
Bolivia flag
Bolivia
47,877,892,402.315 $
24
Cameroon flag
Cameroon
45,011,937,346.838 $
25
Bahrain flag
Bahrain
40,840,212,765.957 $
26
Cambodia flag
Cambodia
36,790,163,687.442 $
27
China, Macao SAR flag
China, Macao SAR
30,633,941,629.363 $
28
Cyprus flag
Cyprus
30,372,642,502.49 $
29
Bosnia and Herzegovina flag
Bosnia and Herzegovina
23,672,712,121.267 $
30
Burkina Faso flag
Burkina Faso
19,697,516,284.379 $
31
Botswana flag
Botswana
18,750,182,236.221 $
32
Albania flag
Albania
18,031,989,573.029 $
33
Benin flag
Benin
17,687,623,530.336 $
34
Chad flag
Chad
16,871,937,697.585 $
35
Congo flag
Congo
14,825,690,210.916 $
36
Afghanistan flag
Afghanistan
14,259,995,441.076 $
37
Brunei Darussalam flag
Brunei Darussalam
14,006,496,617.446 $
38
Armenia flag
Armenia
13,878,908,628.938 $
39
Bahamas flag
Bahamas
12,037,000,000 $
40
Bermuda flag
Bermuda
7,290,037,000 $
41
Cayman Islands flag
Cayman Islands
6,060,813,808.151 $
42
Barbados flag
Barbados
5,947,550,000 $
43
Burundi flag
Burundi
3,435,598,072.794 $
44
Andorra flag
Andorra
3,324,648,075.563 $
45
Aruba flag
Aruba
2,880,902,798.923 $
46
Bhutan flag
Bhutan
2,768,802,960.112 $
47
Curaçao flag
Curaçao
2,739,594,359.591 $
48
Central African Republic flag
Central African Republic
2,516,498,412.464 $
49
Belize flag
Belize
2,428,606,250 $
50
Cabo Verde flag
Cabo Verde
2,051,842,618.705 $
51
Antigua and Barbuda flag
Antigua and Barbuda
1,602,125,925.926 $
52
Comoros flag
Comoros
1,272,238,390.859 $
53
American Samoa flag
American Samoa
750,000,000 $
54
Cuba flag
Cuba
NaN $
55
Japan flag
Japan
5,039,148,168,861.225 $
56
Germany flag
Germany
4,355,251,953,410.783 $
57
India flag
India
3,167,270,623,260.469 $
58
France flag
France
2,966,433,692,008.092 $
59
Italy flag
Italy
2,179,207,773,596.089 $
60
Indonesia flag
Indonesia
1,186,509,691,086.731 $
61
Ireland flag
Ireland
530,394,123,829.763 $
62
Israel flag
Israel
489,851,549,972.347 $
63
Egypt flag
Egypt
424,671,765,455.704 $
64
Iran flag
Iran
407,350,685,583.335 $
65
Finland flag
Finland
294,223,210,496.119 $
66
Greece flag
Greece
218,303,801,895.326 $
67
Iraq flag
Iraq
209,691,945,713.103 $
68
Kazakhstan flag
Kazakhstan
197,112,255,360.612 $
69
Hungary flag
Hungary
183,282,685,440.486 $
70
Kuwait flag
Kuwait
148,350,671,489.144 $
71
Kenya flag
Kenya
109,703,658,904.994 $
72
Ethiopia flag
Ethiopia
109,070,960,371.859 $
73
Ecuador flag
Ecuador
107,179,074,000 $
74
Dominican Republic flag
Dominican Republic
94,850,719,516.713 $
75
Guatemala flag
Guatemala
86,455,522,272.738 $
76
Ghana flag
Ghana
79,514,204,730.398 $
77
Jordan flag
Jordan
46,296,100,140.845 $
78
Latvia flag
Latvia
38,183,326,784.933 $
79
Estonia flag
Estonia
37,201,101,170.585 $
80
El Salvador flag
El Salvador
29,043,140,000 $
81
Honduras flag
Honduras
28,144,331,506.615 $
82
Iceland flag
Iceland
26,234,872,402.457 $
83
Lebanon flag
Lebanon
23,131,941,556.784 $
84
Haiti flag
Haiti
20,944,387,975.705 $
85
Gabon flag
Gabon
19,444,935,097.239 $
86
Georgia flag
Georgia
18,853,115,588.811 $
87
Laos flag
Laos
18,827,148,530.935 $
88
Guinea flag
Guinea
17,069,115,737.826 $
89
Jamaica flag
Jamaica
15,963,885,376.354 $
90
Equatorial Guinea flag
Equatorial Guinea
12,215,878,032.717 $
91
Kosovo flag
Kosovo
9,413,408,574.495 $
92
Kyrgyzstan flag
Kyrgyzstan
9,249,133,946.265 $
93
Guyana flag
Guyana
8,041,362,110.312 $
94
Isle of Man flag
Isle of Man
7,931,193,222.064 $
95
Guam flag
Guam
6,234,000,000 $
96
French Polynesia flag
French Polynesia
5,994,931,236.423 $
97
Eswatini flag
Eswatini
4,807,069,277.201 $
98
Fiji flag
Fiji
4,158,873,156.18 $
99
Faroe Islands flag
Faroe Islands
3,699,551,717.106 $
100
Djibouti flag
Djibouti
3,392,796,953.089 $
101
Greenland flag
Greenland
3,293,578,467.573 $
102
Lesotho flag
Lesotho
2,412,130,056.559 $
103
Gambia flag
Gambia
2,014,158,842.146 $
104
Guinea-Bissau flag
Guinea-Bissau
1,908,094,558.34 $
105
Dominica flag
Dominica
562,911,111.111 $
106
Eritrea flag
Eritrea
NaN $
107
United States flag
United States
23,315,080,560,000 $
108
United Kingdom flag
United Kingdom
3,194,559,188,925.927 $
109
South Korea flag
South Korea
1,942,313,560,965.904 $
110
Russia flag
Russia
1,829,186,719,575.096 $
111
Spain flag
Spain
1,461,244,901,852.69 $
112
Mexico flag
Mexico
1,316,569,466,685.951 $
113
Netherlands flag
Netherlands
1,054,472,123,449.596 $
114
Saudi Arabia flag
Saudi Arabia
982,661,066,666.667 $
115
Turkey flag
Turkey
839,938,668,172.134 $
116
Switzerland flag
Switzerland
815,309,330,986.719 $
117
Poland flag
Poland
689,170,230,665.35 $
118
Sweden flag
Sweden
631,693,331,300.776 $
119
Nigeria flag
Nigeria
609,147,716,972.859 $
120
Thailand flag
Thailand
506,194,668,789.937 $
121
Norway flag
Norway
503,367,986,030.268 $
122
Singapore flag
Singapore
436,591,382,250.464 $
123
United Arab Emirates flag
United Arab Emirates
422,441,388,699.796 $
124
South Africa flag
South Africa
419,986,284,375.368 $
125
Philippines flag
Philippines
394,087,359,848.11 $
126
Malaysia flag
Malaysia
373,784,553,029.978 $
127
Vietnam flag
Vietnam
366,474,752,771.009 $
128
Pakistan flag
Pakistan
348,516,647,445.148 $
129
Romania flag
Romania
285,071,280,114.469 $
130
Portugal flag
Portugal
256,055,879,091.139 $
131
New Zealand flag
New Zealand
253,977,931,814.967 $
132
Peru flag
Peru
226,328,766,459.634 $
133
Ukraine flag
Ukraine
199,765,859,570.935 $
134
Qatar flag
Qatar
179,732,142,857.143 $
135
Morocco flag
Morocco
142,022,058,447.231 $
136
Slovakia flag
Slovakia
120,511,265,913.343 $
137
Puerto Rico flag
Puerto Rico
106,426,600,000 $
138
Sri Lanka flag
Sri Lanka
88,556,698,937.703 $
139
Oman flag
Oman
87,323,797,139.142 $
140
Luxembourg flag
Luxembourg
86,386,759,695.165 $
141
Uzbekistan flag
Uzbekistan
77,340,060,003.035 $
142
Tanzania flag
Tanzania
70,655,628,147.899 $
143
Panama flag
Panama
67,396,392,506.238 $
144
Lithuania flag
Lithuania
67,037,321,008.968 $
145
Myanmar flag
Myanmar
66,345,291,149.443 $
146
Serbia flag
Serbia
66,159,884,072.531 $
147
Slovenia flag
Slovenia
61,540,813,361.856 $
148
Uruguay flag
Uruguay
60,739,084,240.863 $
149
Venezuela flag
Venezuela
56,614,976,854.55 $
150
Tunisia flag
Tunisia
47,073,234,359.182 $
151
Zimbabwe flag
Zimbabwe
41,287,673,690.077 $
152
Turkmenistan flag
Turkmenistan
40,589,905,812.036 $
153
Uganda flag
Uganda
40,529,788,748.674 $
154
Paraguay flag
Paraguay
39,950,899,938.747 $
155
Nepal flag
Nepal
36,924,841,394.26 $
156
Libya flag
Libya
35,217,995,647.286 $
157
Sudan flag
Sudan
34,229,513,774.994 $
158
Senegal flag
Senegal
27,520,784,129.751 $
159
Papua New Guinea flag
Papua New Guinea
26,109,413,521.312 $
160
Trinidad and Tobago flag
Trinidad and Tobago
24,222,963,262.721 $
161
Mali flag
Mali
22,999,245,262.672 $
162
Zambia flag
Zambia
22,096,416,932.009 $
163
Malta flag
Malta
19,739,875,611.49 $
164
State of Palestine flag
State of Palestine
18,109,000,000 $
165
Mozambique flag
Mozambique
16,168,055,475.445 $
166
Mongolia flag
Mongolia
15,286,441,737.669 $
167
Niger flag
Niger
14,915,002,436.069 $
168
Madagascar flag
Madagascar
14,354,731,964.326 $
169
Syrian Arab Republic flag
Syrian Arab Republic
14,353,205,678.499 $
170
Nicaragua flag
Nicaragua
14,209,020,361.851 $
171
North Macedonia flag
North Macedonia
14,000,283,827.015 $
172
Republic of Moldova flag
Republic of Moldova
13,691,869,264.079 $
173
Namibia flag
Namibia
12,402,486,183.64 $
174
Malawi flag
Malawi
12,378,119,199.084 $
175
Mauritius flag
Mauritius
11,622,048,696.813 $
176
Rwanda flag
Rwanda
11,078,787,090.156 $
177
New Caledonia flag
New Caledonia
10,071,349,663.848 $
178
Somalia flag
Somalia
9,483,000,000 $
179
Mauritania flag
Mauritania
9,222,536,364.013 $
180
Tajikistan flag
Tajikistan
8,937,805,347.14 $
181
Monaco flag
Monaco
8,623,242,743.296 $
182
Togo flag
Togo
8,541,668,141.262 $
183
Liechtenstein flag
Liechtenstein
7,912,602,342.189 $
184
Sierra Leone flag
Sierra Leone
7,166,931,485.494 $
185
Montenegro flag
Montenegro
5,823,715,809.633 $
186
Maldives flag
Maldives
5,252,457,369.552 $
187
United States Virgin Islands flag
United States Virgin Islands
4,507,000,000 $
188
Timor-Leste flag
Timor-Leste
3,625,024,341.273 $
189
Liberia flag
Liberia
3,513,049,500 $
190
Suriname flag
Suriname
3,107,923,197.97 $
191
Saint Lucia flag
Saint Lucia
1,867,185,185.185 $
192
San Marino flag
San Marino
1,855,652,786.184 $
193
Solomon Islands flag
Solomon Islands
1,558,312,103.842 $
194
Seychelles flag
Seychelles
1,487,173,794.805 $
195
Sint Maarten (Dutch part) flag
Sint Maarten (Dutch part)
1,353,071,061.453 $
196
Turks and Caicos Islands flag
Turks and Caicos Islands
1,236,459,000 $
197
Grenada flag
Grenada
1,122,222,222.222 $
198
Vanuatu flag
Vanuatu
950,394,006.533 $
199
Northern Mariana Islands flag
Northern Mariana Islands
914,000,000 $
200
Saint Vincent and the Grenadines flag
Saint Vincent and the Grenadines
888,677,777.778 $
201
Samoa flag
Samoa
859,724,936.058 $
202
Saint Kitts and Nevis flag
Saint Kitts and Nevis
858,622,222.222 $
203
Saint Martin (French part) flag
Saint Martin (French part)
649,206,262.848 $
204
Sao Tome and Principe flag
Sao Tome and Principe
524,402,455.548 $
205
Micronesia (Fed. States of) flag
Micronesia (Fed. States of)
391,601,900 $
206
Kiribati flag
Kiribati
285,259,881.132 $
207
Marshall Islands flag
Marshall Islands
261,245,544.434 $
208
Palau flag
Palau
231,343,460.083 $
209
Nauru flag
Nauru
175,390,280.692 $
210
South Sudan flag
South Sudan
NaN $
211
Tonga flag
Tonga
519,306,352.787 $
212
Tuvalu flag
Tuvalu
60,196,405.714 $
213
Yemen flag
Yemen
NaN $

Top 10 Countries

  1. #1China flagChina
  2. #2Canada flagCanada
  3. #3Brazil flagBrazil
  4. #4Australia flagAustralia
  5. #5Belgium flagBelgium
  6. #6Argentina flagArgentina
  7. #7Austria flagAustria
  8. #8Bangladesh flagBangladesh
  9. #9Denmark flagDenmark
  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. #212Tuvalu flagTuvalu
  3. #211Tonga flagTonga
  4. #210South Sudan flagSouth Sudan
  5. #209Nauru flagNauru
  6. #208Palau flagPalau
  7. #207Marshall Islands flagMarshall Islands
  8. #206Kiribati flagKiribati
  9. #205Micronesia (Fed. States of) flagMicronesia (Fed. States of)
  10. #204Sao Tome and Principe flagSao 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.

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

1

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.

2

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.

3

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.

4

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.

5

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.

6

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.

7

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.

8

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.

9

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.

10

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.

Visit Data Source

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.

More Economy Facts