Gross Domestic Product — Value US$, 2015 prices in Least Developed Countries (LDCs)
Least Developed Countries (LDCs): Gross Domestic Product — Value US$, 2015 prices was 1.41 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Least Developed Countries (LDCs), 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Least Developed Countries (LDCs) recorded 1.41 million million USD for gross domestic product — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
The figure is up 3.2% on the previous year and up 46.9% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Least Developed Countries (LDCs) peaked at 1.41 million million USD in 2024 and was at its lowest, 194,635 million USD, in 1970.
That places Least Developed Countries (LDCs) 2nd out of 20 groups with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Least Developed Countries (LDCs), year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 194,635 million USD | — |
| 1971 | 198,598 million USD | +2.0% |
| 1972 | 194,971 million USD | -1.8% |
| 1973 | 200,039 million USD | +2.6% |
| 1974 | 209,905 million USD | +4.9% |
| 1975 | 210,984 million USD | +0.5% |
| 1976 | 216,750 million USD | +2.7% |
| 1977 | 220,486 million USD | +1.7% |
| 1978 | 221,655 million USD | +0.5% |
| 1979 | 225,044 million USD | +1.5% |
| 1980 | 229,062 million USD | +1.8% |
| 1981 | 232,727 million USD | +1.6% |
| 1982 | 237,230 million USD | +1.9% |
| 1983 | 241,211 million USD | +1.7% |
| 1984 | 246,472 million USD | +2.2% |
| 1985 | 252,978 million USD | +2.6% |
| 1986 | 263,563 million USD | +4.2% |
| 1987 | 271,115 million USD | +2.9% |
| 1988 | 280,239 million USD | +3.4% |
| 1989 | 280,545 million USD | +0.1% |
| 1990 | 288,907 million USD | +3.0% |
| 1991 | 291,128 million USD | +0.8% |
| 1992 | 291,367 million USD | +0.1% |
| 1993 | 286,325 million USD | -1.7% |
| 1994 | 291,215 million USD | +1.7% |
| 1995 | 312,758 million USD | +7.4% |
| 1996 | 334,222 million USD | +6.9% |
| 1997 | 349,176 million USD | +4.5% |
| 1998 | 364,512 million USD | +4.4% |
| 1999 | 380,642 million USD | +4.4% |
| 2000 | 398,955 million USD | +4.8% |
| 2001 | 421,477 million USD | +5.6% |
| 2002 | 448,159 million USD | +6.3% |
| 2003 | 473,178 million USD | +5.6% |
| 2004 | 505,177 million USD | +6.8% |
| 2005 | 545,710 million USD | +8.0% |
| 2006 | 584,665 million USD | +7.1% |
| 2007 | 635,678 million USD | +8.7% |
| 2008 | 677,765 million USD | +6.6% |
| 2009 | 715,827 million USD | +5.6% |
| 2010 | 766,861 million USD | +7.1% |
| 2011 | 799,167 million USD | +4.2% |
| 2012 | 845,314 million USD | +5.8% |
| 2013 | 900,194 million USD | +6.5% |
| 2014 | 956,862 million USD | +6.3% |
| 2015 | 994,756 million USD | +4.0% |
| 2016 | 1.04 million million USD | +4.3% |
| 2017 | 1.09 million million USD | +5.0% |
| 2018 | 1.14 million million USD | +5.1% |
| 2019 | 1.21 million million USD | +5.3% |
| 2020 | 1.21 million million USD | +0.5% |
| 2021 | 1.26 million million USD | +3.7% |
| 2022 | 1.32 million million USD | +4.7% |
| 2023 | 1.36 million million USD | +3.5% |
| 2024 | 1.41 million million USD | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 209,307 million USD | 194,635 million USD | 225,044 million USD | 10 |
| 1980s | 253,514 million USD | 229,062 million USD | 280,545 million USD | 10 |
| 1990s | 319,025 million USD | 286,325 million USD | 380,642 million USD | 10 |
| 2000s | 540,659 million USD | 398,955 million USD | 715,827 million USD | 10 |
| 2010s | 974,009 million USD | 766,861 million USD | 1.21 million million USD | 10 |
| 2020s | 1.31 million million USD | 1.21 million million USD | 1.41 million million USD | 5 |
Countries ranked near Least Developed Countries (LDCs)
- 1 China, mainland 17.87 million million USD compare
- 2 Japan 4.61 million million USD compare
- 3 Germany 3.68 million million USD compare
- 3 Türkiye 1.30 million million USD compare
- 4 India 3.49 million million USD compare
- 5 United Kingdom of Great Britain and Northern Ireland 3.27 million million USD compare
More economy & growth data for Least Developed Countries (LDCs)
- Gross Fixed Capital Formation — Value US$, 2015 prices 437,904 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 6.33 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.46 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 31.16 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 25.21 % (2024)
- Gross Domestic Product — Value US$ 1.51 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 1,271 USD (2024)
- Gross Domestic Product — Annual growth US$ 5.94 % (2024)
- Gross Fixed Capital Formation — Value US$ 380,646 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.8908 % (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Least Developed Countries (LDCs)?
- Gross domestic product — value us$, 2015 prices in Least Developed Countries (LDCs) was 1.41 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Least Developed Countries (LDCs)?
- The highest recorded value was 1.41 million million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Least Developed Countries (LDCs)?
- The lowest recorded value was 194,635 million USD in 1970.
- How does Least Developed Countries (LDCs) rank for gross domestic product — value us$, 2015 prices?
- Least Developed Countries (LDCs) ranks 2nd out of 20 groups with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Least Developed Countries (LDCs)?
- Over the last ten years it is up 46.9%. The long-run trend across the full record is volatile.
- Where does this Least Developed Countries (LDCs) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).