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The high-income nations of the world—including the United States, Canada, Western European countries, and Japan—typically have GDP per capita in the range of $20,000 to $50,000. Middle-income countries—including much of Latin America, Eastern Europe, and some countries in East Asia—have GDP per capita in the range of $6,000 to $12,000.
It represents a quarter share of the global economy (25.4%). China follows, with close to $18 trillion, or 17.9% of the world economy. Tuvalu has the world's smallest national economy with a GDP (nominal) of approximately $59 million. 18 countries in 2022 have an economy above $1 trillion. Saudi Arabia is the latest entrant in trillion dollar ...
Mar 6, 2024 · Mexico is one of the largest economies in Latin America. In 2023, Mexico’s GDP was reported at $3.27 trillion. Türkiye had a GDP of $3.61 trillion in 2023. Türkiye ranks 11th among the ...
Nov 9, 2023 · 1. Libya. Libya is Africa’s third largest oil producer, after Nigeria and Algeria, according to the U.S. Energy Information Administration (EIA). The country’s GDP is heavily reliant on oil and natural gas exports, which accounted for almost three-quarters of the country’s total value of exports in 2020, per EIA.
The world's poorest countries are classified as low-income economies in the four-tiered World Bank ranking system. This ranking is based on each country's gross national income (GNI) per capita, which is a measure of the country's total income divided by its population. GNI is similar to Gross Domestic Product (GDP) per capita.
The economic strength of a country is determined by its gross domestic product (GDP). In other words, the amount of all income generated in the country from the sale of goods and services. With a GDP of 25.44 trillion dollars, the USA is by far the world's largest economy in this ranking for 2022.
This is an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, April 2024 Edition. [1]
