GNI growth in Small states
Small states: GNI growth was 2.9% in 2024. ◆ Volatile
GNI growth in Small states, 2009–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
The most recent figure for gni growth in Small states is 2.9%, measured in 2024.
The figure is up 57.9% on the previous year and up 82.8% over ten years.
Over the whole period, gni growth in Small states peaked at 8.8% in 2021 and was at its lowest, -9.6%, in 2020.
That places Small states 10th out of 24 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GNI growth in Small states, year by year
| Year | annual % | Change |
|---|---|---|
| 2009 | -7.5% | — |
| 2010 | 2.6% | -135.1% |
| 2011 | 6.9% | +164.3% |
| 2012 | 0.4% | -94.7% |
| 2013 | 2.0% | +434.2% |
| 2014 | 1.6% | -18.2% |
| 2015 | 3.0% | +84.9% |
| 2016 | 2.6% | -13.2% |
| 2017 | 5.5% | +114.6% |
| 2018 | 3.1% | -43.3% |
| 2019 | 3.8% | +20.9% |
| 2020 | -9.6% | -353.4% |
| 2021 | 8.8% | -191.9% |
| 2022 | 5.3% | -40.4% |
| 2023 | 1.9% | -64.7% |
| 2024 | 2.9% | +57.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -7.5% | -7.5% | -7.5% | 1 |
| 2010s | 3.1% | 0.4% | 6.9% | 10 |
| 2020s | 1.9% | -9.6% | 8.8% | 5 |
Countries ranked near Small states
- 7 Armenia 12.5% compare
- 8 Kyrgyzstan 12.3% compare
- 9 Nicaragua 11.5% compare
- 10 Sao Tome and Principe 11.1% compare
- 11 Côte d'Ivoire 10.9% compare
- 12 Bhutan 10.4% compare
- 13 Palau 10.4% compare
More economy & growth data for Small states
- Gross national expenditure 340.52 billion current US$ (2025)
- Households and NPISHs final consumption expenditure 57.1% (2025)
- Final consumption expenditure 262.00 billion current US$ (2025)
- Final consumption expenditure 196.75 billion constant 2015 US$ (2025)
- Final consumption expenditure 2.5% (2025)
- Exports of goods and services 252.77 billion current US$ (2025)
- Exports of goods and services 3.1% (2025)
- Exports of goods and services 206.38 billion constant 2015 US$ (2025)
- Manufacturing, value added 7.8% (2024)
- Gross national expenditure 253.87 billion constant 2015 US$ (2025)
Frequently asked questions
- What is gni growth in Small states?
- Gni growth in Small states was 2.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gni growth recorded in Small states?
- The highest recorded value was 8.8% in 2021.
- What is the lowest gni growth recorded in Small states?
- The lowest recorded value was -9.6% in 2020.
- How does Small states rank for gni growth?
- Small states ranks 10th out of 24 groups with data for 2024.
- Is gni growth rising or falling in Small states?
- Over the last ten years it is up 82.8%. The long-run trend across the full record is volatile.
- Where does this Small states data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GNI growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.