Gross Domestic Product — Value US$, annual growth rate in Least Developed Countries (LDCs)
Least Developed Countries (LDCs): Gross Domestic Product — Value US$, annual growth rate was 5.94 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Least Developed Countries (LDCs), 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Least Developed Countries (LDCs) recorded 5.94 % change on previous year for gross domestic product — value us$, annual growth rate in 2024.
The figure is up 103.7% on the previous year and down 45.1% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Least Developed Countries (LDCs) peaked at 21.11 % change on previous year in 2008 and was at its lowest, -6.52 % change on previous year, in 1994.
Least Developed Countries (LDCs) ranks 13th of 30 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Least Developed Countries (LDCs), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 4.94 % change on previous year | — |
| 1972 | 10.15 % change on previous year | +105.3% |
| 1973 | 17.2 % change on previous year | +69.5% |
| 1974 | 16.98 % change on previous year | -1.3% |
| 1975 | 7.19 % change on previous year | -57.7% |
| 1976 | 4.34 % change on previous year | -39.6% |
| 1977 | 10.3 % change on previous year | +137.2% |
| 1978 | 18.33 % change on previous year | +78.0% |
| 1979 | 10.83 % change on previous year | -40.9% |
| 1980 | 10.15 % change on previous year | -6.3% |
| 1981 | 0.1742 % change on previous year | -98.3% |
| 1982 | -1.26 % change on previous year | -822.1% |
| 1983 | -1.74 % change on previous year | +38.0% |
| 1984 | 0.0502 % change on previous year | -102.9% |
| 1985 | 7.02 % change on previous year | +13886.4% |
| 1986 | 6.08 % change on previous year | -13.4% |
| 1987 | 0.3562 % change on previous year | -94.1% |
| 1988 | 6.85 % change on previous year | +1822.2% |
| 1989 | 7.79 % change on previous year | +13.7% |
| 1990 | 7.09 % change on previous year | -8.9% |
| 1991 | 1.85 % change on previous year | -74.0% |
| 1992 | 0.7426 % change on previous year | -59.8% |
| 1993 | -2.43 % change on previous year | -427.4% |
| 1994 | -6.52 % change on previous year | +168.3% |
| 1995 | 7.09 % change on previous year | -208.7% |
| 1996 | 5.73 % change on previous year | -19.3% |
| 1997 | 5.57 % change on previous year | -2.8% |
| 1998 | -0.3248 % change on previous year | -105.8% |
| 1999 | 2.52 % change on previous year | -874.5% |
| 2000 | 4.31 % change on previous year | +71.5% |
| 2001 | 2.74 % change on previous year | -36.5% |
| 2002 | 7.87 % change on previous year | +187.0% |
| 2003 | 11.69 % change on previous year | +48.6% |
| 2004 | 15.33 % change on previous year | +31.2% |
| 2005 | 17.84 % change on previous year | +16.4% |
| 2006 | 19.96 % change on previous year | +11.9% |
| 2007 | 20.91 % change on previous year | +4.7% |
| 2008 | 21.11 % change on previous year | +1.0% |
| 2009 | 0.6019 % change on previous year | -97.1% |
| 2010 | 13.28 % change on previous year | +2106.6% |
| 2011 | 17.22 % change on previous year | +29.6% |
| 2012 | 6.18 % change on previous year | -64.1% |
| 2013 | 8.51 % change on previous year | +37.7% |
| 2014 | 10.82 % change on previous year | +27.1% |
| 2015 | -3.16 % change on previous year | -129.2% |
| 2016 | 4.34 % change on previous year | -237.2% |
| 2017 | 10.67 % change on previous year | +145.7% |
| 2018 | -0.8488 % change on previous year | -108.0% |
| 2019 | 1.78 % change on previous year | -310.2% |
| 2020 | 0.5909 % change on previous year | -66.9% |
| 2021 | 10.9 % change on previous year | +1745.3% |
| 2022 | 7.09 % change on previous year | -35.0% |
| 2023 | 2.92 % change on previous year | -58.9% |
| 2024 | 5.94 % change on previous year | +103.7% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Least Developed Countries (LDCs) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1985 | +13886.4% | 0.0502 % change on previous year | 7.02 % change on previous year |
| 2010 | +2106.6% | 0.6019 % change on previous year | 13.28 % change on previous year |
| 1988 | +1822.2% | 0.3562 % change on previous year | 6.85 % change on previous year |
| 2021 | +1745.3% | 0.5909 % change on previous year | 10.9 % change on previous year |
| 1999 | +874.5% | -0.3248 % change on previous year | 2.52 % change on previous year |
| 1982 | -822.1% | 0.1742 % change on previous year | -1.26 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.14 % change on previous year | 4.34 % change on previous year | 18.33 % change on previous year | 9 |
| 1980s | 3.55 % change on previous year | -1.74 % change on previous year | 10.15 % change on previous year | 10 |
| 1990s | 2.13 % change on previous year | -6.52 % change on previous year | 7.09 % change on previous year | 10 |
| 2000s | 12.24 % change on previous year | 0.6019 % change on previous year | 21.11 % change on previous year | 10 |
| 2010s | 6.88 % change on previous year | -3.16 % change on previous year | 17.22 % change on previous year | 10 |
| 2020s | 5.49 % change on previous year | 0.5909 % change on previous year | 10.9 % change on previous year | 5 |
Countries ranked near Least Developed Countries (LDCs)
- 10 Sri Lanka 18.76 % change on previous year compare
- 11 Turkey 18.33 % change on previous year compare
- 11 Türkiye 18.33 % change on previous year compare
- 13 Niger 17 % change on previous year compare
- 14 Mongolia 16.04 % change on previous year compare
- 15 Tajikistan 16.01 % change on previous year compare
- 16 Albania 15.38 % change on previous year compare
More economy & growth data for Least Developed Countries (LDCs)
- Gross Domestic Product — Annual growth US$ per capita 3.54 % (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 Fixed Capital Formation — Value US$, 2015 prices 437,904 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 380,646 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.8908 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.23 % (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 1,183 USD (2024)
- Gross Domestic Product — Value US$ 1.51 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 1,271 USD (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Least Developed Countries (LDCs)?
- Gross domestic product — value us$, annual growth rate in Least Developed Countries (LDCs) was 5.94 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Least Developed Countries (LDCs)?
- The highest recorded value was 21.11 % change on previous year in 2008.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Least Developed Countries (LDCs)?
- The lowest recorded value was -6.52 % change on previous year in 1994.
- How does Least Developed Countries (LDCs) rank for gross domestic product — value us$, annual growth rate?
- Least Developed Countries (LDCs) ranks 13th out of 30 groups with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Least Developed Countries (LDCs)?
- Over the last ten years it is down 45.1%. The long-run trend across the full record is volatile.
- Where does this Least Developed Countries (LDCs) data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.