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Economy Statistics > Background (most recent) by country
Showing latest available data.
| Countries (A to Z) |
Description |
| Argentina |
Argentina has had its problems economically, but with a GDP (PPP) worth $486 billion in 2004 most experts will admit there is potential. However, with the 3rd lowest business efficiency rating (37.826) and and economic freedom rating of 2.05, there is much to do. |
| Australia |
Australia’s economic growth over the last three decades has been impressive. Its GDP growth between 1980 and 2000 was 52% while the GDP growth rate between 1998 and 2002 was the 5th highest in the world. The result is that Australia has the 8th most significant economy in the world, and has gained a place amongst the top 10 in terms of both economic freedom and business efficiency. |
| Belgium |
Belgium’s economy is modest in size, with a GDP (PPP) rate of $322 billion, which places it in the lower third of the 25 top nations in terms of economic importance. However, with a business efficiency rating in of 67.456, it has someway to go before matching the leading economies in that regard. |
| Brazil |
With the 6th most important economy in the world, and the 9th highest GDP (PPP) with more than $1.4 trillion, Brazil is one of the major economic forces on earth. However, it is also one of the least equal, with some 48% of the country's wealth controlled by the richest 10% of the population and just 0.7% of poorest 10% population. In fact, the country is home of a 1.82% share of the world's poor, placing it 7th in in a table topped by India (41%) and China (22%). |
| Cambodia |
Cambodia's economy lags somewhat behind its neighbours. It's GDP (PPP) is estimated to be $31.9 billion, placing them 86th in the world, which is some way behind Thailand (19th) and Vietnam (37th). However, there are hopes it will improve, particularly given the fact that the export of goods and services represents 65% of annual GDP, and the annual growth in goods and services exports is at 16.7%. |
| Canada |
The Canadian economy is amongst the 13 largest in the world, with a GDP (PPP) worth just over $993 billion in 2005. It Gross National Income is estimated to be $682 billion, the 8th highest in the world. Little surprise then that Canada's economic importance rating of 16.9 places it 7th in the world, and with the 5th highest business efficiency rating of more than 82, its prominence is likely to continue. |
| Chile |
While Chile's GDP (PPP) is modest in global terms, the Chilean economy has developed into one of the most stable in the region. Good economic policies in recent decades have seen the country's business efficiency rate increase, with its current ranking of 72.184 places it 18th amongst the participating 51 countries, and its economic freedom rating of 3 is the 17th highest amongst 156 countries. |
| China |
China is one of the global economic giants, with one the US managing to register a bigger GDP (PPP). Once an economic minnow, its turn-around came from the massive GDP growth rate in the two decades between 1980 and 2000, when the figure grew by 382% Being a communist state, China as a low economic freedom rating of just 1.43, and with a modest business efficiency rating of 63.219, there is room for China to grow even stronger. |
| Colombia |
Colombia's economy is strong, with its GDP (PPP) figuring amongst the biggest 30 in the world. However, inequality is a major problem with more than 46% of the nation's wealth controlled by the richest 10% of the population. The most recently available figures, published in from 2003, show Colombia has the least equal economy amongst 35 nations included that year, with a GINI Index rating of 58.62, a figure which stands as the 8th highest in the world. |
| Costa Rica |
As one of the smallest nations on the American continent, Costa Rica has a relatively modest economy, though with a Gross National Income of $15.7 million it can boast an upper middle income on average, as per the income category table. Nevertheless, 12.6% of the population earns less than $1 per day, and almost 35% of the nation's wealth is controlled by the richest 10% of the population. |
| Czech Republic |
For a country of its population, the Czech Republic enjoys a comfortable position economically speaking. With its GDP (PPP) already having improved from its 2004 figure of $197 billion, and the nation boasting a very high Human Development Index rating of 0.874. The country also boasts on of the most equal divisions of wealth in the world, with the richest 10% of the population controlling just 22.4% of the nation's wealth and the poorest 10% controlling some 4.3%, the 6th highest percentage share in the world. |
| Denmark |
In a list of 25 nations, Denmark is ranked 23rd in terms of economic importance. Despite this fact, Denmark has no problem in sharing the wealth they do have, with a commitment to foreign aid with a sum equalling 52% of their military spending - the highest amongst the 18 leading nations surveyed. Still, there is some room for improvement economically, with one of the highest ratings in the world for business efficiency and economic freedom. |
| Egypt |
Egypt's economy is one of the most developed on the African continent, with only South Africa boasting a higher GDP (PPP). However, its economic freedom rating of 1.65 is one of the lowest in the world, sharing a ranking of 105 alongside Tanzania, Albania and Lesotho. Interestingly, Egypt also boasts one of the fairest wealth distribution rates in the world, with the poorest 10% of the population controlling 4.4% of the nation's wealth. Only Belarus and Slovakia (both 5.1%), Japan (4.8%) and Bulgaria (4.5%) boast higher shares. |
| Ethiopia |
Ethiopia is not one economic powers in Africa, with its GDP (PPP) less than $100 billion, and falling significantly short of the leading African economies of South Africa and Egypt. In fact, with an estimated 31.2% of the population living on less that $1 per day, and 1.82% share of the world's poor calling it home, the country remains very much within the Third World category. Immediate prospects for economic improvement are rather slim, with one of the lowest ratings on the Human Development Index. |
| France |
France has long been one of the top 10 economies in the world, and is one of 5 European nations to have an annual GDP (PPP) of more than $1 trillion - the others being Germany, the UK, Italy and Spain. Understandably, the most recently available figures describe its economic importance as 6th in the world. However, perhaps as a result of its strong defence of local industry and enterprise, the country has an average economic freedom rating, with its 2.45 placing it 40th amongst 156 nations, far below the other European and world economic powers. |
| Germany |
Germany has the biggest economy of the EU and Europe, and is rated as the 3rd most important economy globally and with a GDP (PPP) of more than $2 trillion that's not hard to accept. Happily, the country is happy to share the wealth and is the 4th biggest economic aid donor, with more than $10 billion in aid between 2003 and 2008. Surprisingly, the German economy ranks poorly in the business efficiency rankings, with a score of 67.842 placing it 21st, behind Ireland (12th), Luxembourg (10th) Finland (6th) and Iceland (4th). |
| Ghana |
Ghana has one of the strongest economies in Africa. in 2005, it had the 69th largest GDP (PPP) for the year, worth $48 billion and its annual GDP growth rate has managed to remains steady over the past decade. However, with 44.8% of the population living on less than $1 per day, poverty remains a real problem. Ghana is home to 0.78% share of the world's poor, the 11th highest percentage share. |
| Greece |
As a member of the EU since 1981, the Greek economy had made some strides economically. Its Human Development Index rating of .0912 placed the country in a respectable 24th of 178 nations, while its GINI Index rating of 34.27 was equally impressive position at 94th overall. However, tough times have arrived and with a low business efficiency rating of 50.332, placing it 41st amongst 51 countries, it was vulnerable. |
| Haiti |
Though it may be one of the most populous nations in the region, Haiti has one of the poorest economies, with a GDP (PPP) of less than $15 billion. Not only that, but it also has one of the most modest annual GDP growth rates, largely struggling to get out of decline since the late 1970s. Consumers have it particularly bad with the cost of typical produce ranking 11th in the Consumer Price Index, at 248.29%, just behind Ghana (250.62%) though quite some distance behind the top ranked country, Angola (1,845.91%). |
| India |
India's economic strength cannot be ignored, with a one of the 5 highest GDPs (PPP) in the world. On that basis alone, its clout is quite high, though it is rated bottom of the list of 25 countries in terms of economic importance. However, there is also no getting away from the fact that a 41% share of the world's poor are Indian and that more than 44% of the national population lives on less than $1 per day. And with a ranking of 128 on the Human Development Index the potential for further is limited. |
| Indonesia |
Indonesia enjoys one of the largest GDP (PPP) totals in the world, figuring amongst the top 15 - but that is not to say that everything is perfect. The country has the 8th highest percentage share of the world's poor, with 1.49% living within its borders. In fact, an estimated 7.7% of its population lives of less than $1 per day, which translates to roughly 19 million people. With a Human Development Index rating of just 0.697, the situations is set to remain the status quo for some time to come yet. |
| Iran |
Despite a series of US and UN initiated trade embargoes, Iran is one of the top 25 economies in the world based on GDP (PPP). This is thanks mainly to its oil and natural gas reserves, and is despite the fact it has one of the weakest trade relationships with America, worth a mere $44 million in exports to the US. Of far greater value is its exports of primary goods, which represent 93% of the nation's total exports, while exports of high technology products accounts for just 2%. |
| Ireland |
Once regarded as one of the fastest growing economies in the world, the Celtic Tiger has suffered from the global recession. Nevertheless, its economic freedom rating of 3.25 places Ireland as the 5th most open economy in the world, behind Hong Kong, Singapore, Luxembourg and New Zealand, and just ahead of the US (3.2). It is also one of the top 10 nations in the Human Development Index, with a rating of 0.946 placing it 8th behind leaders Norway (0.963). |
| Israel |
Israel's economy is amongst the most well-developed in the Middle East, with a business efficiency of 67.3 placing it 23rd in the table, with Jordan, the nearest of its neighbours, ranked 35th. It also benefits from its close relationship with America, with exports to the US totalling $3.4 billion ranking it 17th amongst the US's trade partners. Israel is also one of the most economically equal nations, with the richest 10% of its population earning just 20.8% of national income, with the poorest 10% earning 2.4% of the figure. |
| Italy |
Italy is one of the major economic powers in Europe and is the 8th largest GDP (PPP) globally, worth more than $1.6 trillion in 2004 and more recently over $1.7 trillion. The country's citizens benefit from one of the most economically equal social structures with 3.5% of the national income earned by the poorest 10% of the population, placing Italy 21st in the world. The richest 10%, meanwhile, earns 21.8% of the national income, the 108th rate amongst 114 nations. |
| Jamaica |
Being a small island nation, one of Jamaica's economic strengths lies in its tourism, with tourism receipts totally $1.8 billion in 2005, making its the 61st highest grossing tourism destinations in the world that year and 5th highest in the region, behind the Dominican Republic (45th), Puerto Rico (48th), the Bahamas (56th) and Cuba (57th). Trade, of course, is hugely important too, with trade in goods accounting for more than 58% of GDP, with trade in services accounting for the remaining 42%. |
| Japan |
Japan has the 3rd biggest economy i the world, behind the US and China, with a GDP (PPP) of more than $3.7 trillion in 2004 to over $4.3 trillion in 2010. However, in terms of economic importance, Japan out-ranks its Asian cousins, China, taking 2nd spot with a score of 57.1, behind the US's 197.9. The nation can also boast one of the most economically equal societies. The poorest 10% of the population earns 4.8% of the annual Japanese income, the 2nd highest share in the world behind 5.1% earned by both Belarus' and Slovakia's poorest population. Japan's richest 10%, meanwhile, earns 21.7%, one of the lowest percentage shares in the world. |
| Kenya |
As with many 3rd World nations, Kenya's wealth distribution is heavily weighed in favor of the richest 10% of the population, who control 36% of the wealth. Just over a quarter of the population (26%) earn less than $1 per day, and with a place inside the bottom 5th of the Human Development Index (155 of 178 countries), prospects for improvement remain low. |
| Korea, South |
Having having emerged from poverty, South Korea is now considered the 10th most significant economy globally, with an Economic Importance rating of 7.7. With a GDP of $888 billion and with 2.7% of that spent on research and development, South Korea's foothold is unlikely to slip soon. |
| Netherlands |
The Netherlands is rated amongst the top 20 most important economies in the world - in fact 13th - but it is far more important to international aid. In fact, its commitment to foreign aid second only to Denmark, while between 2003 and 2008, it was the 6th largest economic aid donor in the world, giving more than $5 billion worth. |
| New Zealand |
Though New Zealand’s economy is not one of largest, with a GDP of just $103 billion, it is one of the most open economies with the 3rd highest economic freedom rating at 3.3, behind Hong Kong (3.55) and Singapore (3.5). It’s also amongst the top 20 developed nations in the world with a Human Development Index rating of 0.933. |
| Nigeria |
Nigeria is one of the most poverty-stricken countries in the world, hosting just over 8% of the world’s poor - only India (41%) and China (22%) host more. The situation is not expected to get better anytime soon, with some 70% of the population earning less than $1 per day, with only Mali beating them in the global table. |
| Norway |
Norway boasts one of most evenly distributed economies in the wold, with just under 22% of the nation’s wealth controlled by the richest 10%, a mere 6.9% of the population living below half the median income. In fact, it is the most developed nations in the world, with a Human Development Index rating of 0.96. |
| Pakistan |
With 31% of the population living on less than $1 per day, Pakistan’s labor force is not the most affluent. In fact, the state is home to a 3.86% share of the global poor, the 4th largest share behind India (41%), China (22%) and Nigeria (8%). |
| Peru |
Peru’s GDP annual rate of growth has enjoyed something of an up and down pattern, but grew by an impressive 6.45% in 2005. In 2006, its GDP was worth $93 billion, placing it 55th in the world. However, the country figures amongst the poorest nations in the world, with 15.5% of the population living on less than $1 per day. |
| Philippines |
Like many countries in South East Asia, the Philippines’ wealth is distributed particularly evenly. Just over 36% of is controlled by the richest 10% of the population, with the poorest 10% controlling less than 3%. |
| Poland |
Since joining the EU in 2004, Poland’s economic growth has been modest at just 3.4%. it might have been better but for the state’s low business efficiency rating, placing them 48th in the world in 2005. Still, its GDP (PPP) is just below $500 billion, the 22nd largest globally. |
| Russia |
Russia has the 10th highest GDP (PPP) rate, worth over $1.4 trillion. However, its economy is only ranked 15th in economic importance amongst the top 25 economies - Mexico and the Netherlands are ranked immediately above them. |
| Saudi Arabia |
Despite Saudi Arabia’s link with the wealth of the oil industry, it had a modest GDP of just $309 billion in 2005 - the 27th highest in the world - though that has improved since. At the same time, the Saudi economy recorded a healthy economic growth of 6.6%. Meanwhile, their economic freedom rating of 2.05 places the state low on the international table. |
| Singapore |
Singapore’s international success is based on its economy, boasting the 3rd highest business efficiency rate in the world, behind the US and Hong Kong. Its GDP is a handsome $132 billion, but its true wealth is found in its import and export activities. In fact, Singapore has the largest exports as a percentage of GDP in the world, worth 180% of GDP. |
| South Africa |
With a GDP of more than $250 billion, South Africa’s economy is not by any means amongst the smallest in the world, it is amongst the most unequal. According to the GINI Index, it is the 10th most unequal today, with GINI figures for 2000 placing South Africa 1st at the time. In fact, almost 50% of the country’s wealth is controlled by the richest 10% of the population. |
| Spain |
Spain is one of the biggest economies in Europe, and indeed is placed 9th in Economic Importance with a rating of 8.1. It’s only understandable when, in 2006, Spain boasted the 10th largest GDP, worth more than $1 trillion, although this seems to have been achieved in spite of a low business efficiency rating of just 59.34. |
| Sri Lanka |
With a GDP (PPP) of just over $81 billion, Sri Lanka's economy is a healthy 57th largest in the world, with exports are a key component in that figure. Of the exports, exports of manufactured goods make up some 75% of the total annual figure, with exports of primary goods representing almost 23% of the remainder, and exports of high technology 3%. |
| Sweden |
Sweden is counted amongst the most generous nations in the world, ranking 6th out of 18 nations in commitment to foreign aid. It is also regarded as one of the most equal societies, in terms of income distribution, with a GINI Index rating of 25. In fact, just 20% of the nation’s wealth is controlled by the richest 10% of the population. |
| Switzerland |
Switzerland boasted the 22nd largest GDP in 2006, worth over $379 billion, making the state the 18th most economically important. However, it also has one of the lowest GDP annual rates of growth in Europe, growing by just 1.9% in 2005. |
| Thailand |
Thailand’s economy is one the healthiest in the region. 2004 figures show that it’s GDP (PPP) was the 19th strongest in the world at $510 billion, and boasted a GDP growth rate of 4.46%. IN fact, Thailand’s business efficiency rating is the 3rd highest for the region, behind only Hong Kong and Singapore, and the 25th globally. |
| Turkey |
The Turkish economy has developed dramatically over the decades. Between 1986 and 2006, for example its annual GDP grew from $75 billion to $402 billion. But despite the rapid growth, it still has its problems. It is ranked 124th in terms of Economic Freedom and while its business efficiency rating is a lowly 51.293, the 39th highest of 51 nations. |
| Ukraine |
Despite its size and population, Ukraine has a modest GDP of just over $106 billion, placing it 48th in the world in 2005. Its stumbling block is arguably its economic freedom, which is ranked 133rd in 156 global economies, though its stature as a top 10 tourism destination continues to aid its development. |
| United Arab Emirates |
Being based in the Middle East there is no surprise in knowing that oil is important, but the UAE economy is based on exports of good and services, representing more than 93% of their GDP. Its value is set to increase with an annual growth rate of more than 11%. Indeed, the country has enjoyed GDP growth rates of 8.5%. |
| United Kingdom |
The UK has long had one of the leading economies in the world, with a GDP steadily growing to more than $2 trillion. Indeed, its economic importance rating remains in the top 5 globally. However, the UK’s economy not without its critics with a business efficiency rate of 68.5, and one of the lowest GDP growth rates in the world, at just 1.8% |
| United States |
There is no disputing the fact that the US is the biggest economy in the world, with a steady GDP growth to more than $13 trillion by 2006. It is top of the Economic Importance table, and the business efficiency measure by which all other nations are compared. Perhaps surprisingly then, its economic freedom rating is only 6th in the world, behind Hong Kong, Singapore, Luxemburg, New Zealand and Ireland. |
| Vietnam |
As a communist state, Vietnam has an understandably low economic freedom rating, with its rate of 1.3 placing it 138th amongst 156 nations. Nevertheless, its GDP (PPP) was the 35th strongest in 2004, at $222 billion, and has enjoyed a steady GDP annual growth rate since 1998, with a high of 8.42% recorded in 2005. |
| Zimbabwe |
Zimbabwe’s economy is one of the weakest, with a GDP growth rate of -6.5% recorded in 2005 and GDP per capita of just $190 in 2007. Hyperinflation saw the collapse of its currency, with a consumer index rating of 424.26% in 2002, the 3rd highest almost two decades. It has the 2nd lowest economic freedom rating, which suggests little progress will be made anytime soon. |
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