Gross Domestic Product — Value US$ in Least Developed Countries (LDCs)
Least Developed Countries (LDCs): Gross Domestic Product — Value US$ was 1.51 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Least Developed Countries (LDCs), 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Least Developed Countries (LDCs) stood at 1.51 million million USD. That is the highest value across all 55 years on record.
The figure is up 5.9% on the previous year and up 47.0% over ten years.
Over the whole period, gross domestic product — value us$ in Least Developed Countries (LDCs) peaked at 1.51 million million USD in 2024 and was at its lowest, 44,298 million USD, in 1970.
Least Developed Countries (LDCs) ranks 2nd of 20 regions on this measure, 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$ in Least Developed Countries (LDCs), year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 44,298 million USD | — |
| 1971 | 46,488 million USD | +4.9% |
| 1972 | 51,206 million USD | +10.1% |
| 1973 | 60,015 million USD | +17.2% |
| 1974 | 70,206 million USD | +17.0% |
| 1975 | 75,254 million USD | +7.2% |
| 1976 | 78,523 million USD | +4.3% |
| 1977 | 86,610 million USD | +10.3% |
| 1978 | 102,487 million USD | +18.3% |
| 1979 | 113,591 million USD | +10.8% |
| 1980 | 125,121 million USD | +10.2% |
| 1981 | 125,339 million USD | +0.2% |
| 1982 | 123,762 million USD | -1.3% |
| 1983 | 121,613 million USD | -1.7% |
| 1984 | 121,674 million USD | +0.1% |
| 1985 | 130,210 million USD | +7.0% |
| 1986 | 138,124 million USD | +6.1% |
| 1987 | 138,616 million USD | +0.4% |
| 1988 | 148,107 million USD | +6.8% |
| 1989 | 159,638 million USD | +7.8% |
| 1990 | 170,962 million USD | +7.1% |
| 1991 | 174,119 million USD | +1.8% |
| 1992 | 175,412 million USD | +0.7% |
| 1993 | 171,147 million USD | -2.4% |
| 1994 | 159,984 million USD | -6.5% |
| 1995 | 171,330 million USD | +7.1% |
| 1996 | 181,140 million USD | +5.7% |
| 1997 | 191,222 million USD | +5.6% |
| 1998 | 190,601 million USD | -0.3% |
| 1999 | 195,395 million USD | +2.5% |
| 2000 | 203,825 million USD | +4.3% |
| 2001 | 209,411 million USD | +2.7% |
| 2002 | 225,885 million USD | +7.9% |
| 2003 | 252,286 million USD | +11.7% |
| 2004 | 290,960 million USD | +15.3% |
| 2005 | 342,871 million USD | +17.8% |
| 2006 | 411,305 million USD | +20.0% |
| 2007 | 497,295 million USD | +20.9% |
| 2008 | 602,261 million USD | +21.1% |
| 2009 | 605,886 million USD | +0.6% |
| 2010 | 686,357 million USD | +13.3% |
| 2011 | 804,518 million USD | +17.2% |
| 2012 | 854,255 million USD | +6.2% |
| 2013 | 926,960 million USD | +8.5% |
| 2014 | 1.03 million million USD | +10.8% |
| 2015 | 994,756 million USD | -3.2% |
| 2016 | 1.04 million million USD | +4.3% |
| 2017 | 1.15 million million USD | +10.7% |
| 2018 | 1.14 million million USD | -0.8% |
| 2019 | 1.16 million million USD | +1.8% |
| 2020 | 1.17 million million USD | +0.6% |
| 2021 | 1.29 million million USD | +10.9% |
| 2022 | 1.38 million million USD | +7.1% |
| 2023 | 1.43 million million USD | +2.9% |
| 2024 | 1.51 million million USD | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 72,868 million USD | 44,298 million USD | 113,591 million USD | 10 |
| 1980s | 133,220 million USD | 121,613 million USD | 159,638 million USD | 10 |
| 1990s | 178,131 million USD | 159,984 million USD | 195,395 million USD | 10 |
| 2000s | 364,198 million USD | 203,825 million USD | 605,886 million USD | 10 |
| 2010s | 977,888 million USD | 686,357 million USD | 1.16 million million USD | 10 |
| 2020s | 1.36 million million USD | 1.17 million million USD | 1.51 million million USD | 5 |
Countries ranked near Least Developed Countries (LDCs)
- 1 China, mainland 19.09 million million USD compare
- 2 Germany 4.66 million million USD compare
- 3 Japan 4.02 million million USD compare
- 4 India 3.88 million million USD compare
- 5 United Kingdom of Great Britain and Northern Ireland 3.66 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$ per capita 1,271 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 1,183 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$ in Least Developed Countries (LDCs)?
- Gross domestic product — value us$ in Least Developed Countries (LDCs) was 1.51 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Least Developed Countries (LDCs)?
- The highest recorded value was 1.51 million million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Least Developed Countries (LDCs)?
- The lowest recorded value was 44,298 million USD in 1970.
- How does Least Developed Countries (LDCs) rank for gross domestic product — value us$?
- Least Developed Countries (LDCs) ranks 2nd out of 20 regions with data for 2024.
- Is gross domestic product — value us$ rising or falling in Least Developed Countries (LDCs)?
- Over the last ten years it is up 47.0%. 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$. 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).