Gross National Income — Value US$, annual growth rate in Least Developed Countries (LDCs)
Least Developed Countries (LDCs): Gross National Income — Value US$, annual growth rate was 3.01 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value US$, annual growth rate in Least Developed Countries (LDCs), 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross national income — value us$, annual growth rate in Least Developed Countries (LDCs) stood at 3.01 % change on previous year.
Compared with earlier readings it is down 53.5% on the previous year and down 62.8% over ten years.
Over the whole period, gross national income — value us$, annual growth rate in Least Developed Countries (LDCs) peaked at 20.77 % change on previous year in 2006 and was at its lowest, -7.66 % change on previous year, in 1994.
That places Least Developed Countries (LDCs) 18th out of 30 groups with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value US$, annual growth rate in Least Developed Countries (LDCs), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 4.65 % change on previous year | — |
| 1972 | 9.68 % change on previous year | +108.0% |
| 1973 | 17.49 % change on previous year | +80.7% |
| 1974 | 17.37 % change on previous year | -0.7% |
| 1975 | 7.34 % change on previous year | -57.7% |
| 1976 | 3.9 % change on previous year | -46.8% |
| 1977 | 10.36 % change on previous year | +165.5% |
| 1978 | 18.41 % change on previous year | +77.7% |
| 1979 | 10.61 % change on previous year | -42.4% |
| 1980 | 10.4 % change on previous year | -2.0% |
| 1981 | 0.5479 % change on previous year | -94.7% |
| 1982 | -2.31 % change on previous year | -521.5% |
| 1983 | -1.62 % change on previous year | -30.0% |
| 1984 | 1.46 % change on previous year | -190.5% |
| 1985 | 4.22 % change on previous year | +188.4% |
| 1986 | 8.43 % change on previous year | +99.8% |
| 1987 | 0.0938 % change on previous year | -98.9% |
| 1988 | 5.51 % change on previous year | +5773.6% |
| 1989 | 8.42 % change on previous year | +52.9% |
| 1990 | 6.24 % change on previous year | -25.9% |
| 1991 | 2.37 % change on previous year | -62.0% |
| 1992 | -4.74 % change on previous year | -299.8% |
| 1993 | 0.0472 % change on previous year | -101.0% |
| 1994 | -7.66 % change on previous year | -16327.4% |
| 1995 | 12.35 % change on previous year | -261.2% |
| 1996 | 5.07 % change on previous year | -58.9% |
| 1997 | 6.93 % change on previous year | +36.5% |
| 1998 | -0.7485 % change on previous year | -110.8% |
| 1999 | 2.19 % change on previous year | -392.4% |
| 2000 | 3.87 % change on previous year | +76.9% |
| 2001 | 2.6 % change on previous year | -32.9% |
| 2002 | 7.53 % change on previous year | +189.8% |
| 2003 | 12.18 % change on previous year | +61.6% |
| 2004 | 14.72 % change on previous year | +20.9% |
| 2005 | 17.37 % change on previous year | +18.0% |
| 2006 | 20.77 % change on previous year | +19.6% |
| 2007 | 20.64 % change on previous year | -0.6% |
| 2008 | 20.62 % change on previous year | -0.1% |
| 2009 | 2.16 % change on previous year | -89.5% |
| 2010 | 14.35 % change on previous year | +565.6% |
| 2011 | 17.12 % change on previous year | +19.3% |
| 2012 | 6.28 % change on previous year | -63.3% |
| 2013 | 8.09 % change on previous year | +28.9% |
| 2014 | 10.66 % change on previous year | +31.8% |
| 2015 | -2.71 % change on previous year | -125.5% |
| 2016 | 3.45 % change on previous year | -227.1% |
| 2017 | 9.87 % change on previous year | +186.2% |
| 2018 | 0.4102 % change on previous year | -95.8% |
| 2019 | 2.05 % change on previous year | +398.8% |
| 2020 | 0.3493 % change on previous year | -82.9% |
| 2021 | 11.19 % change on previous year | +3104.2% |
| 2022 | 6.47 % change on previous year | -42.2% |
| 2023 | 3.01 % change on previous year | -53.5% |
Biggest year-on-year movements
Years where Gross National Income — Value US$, annual growth rate in Least Developed Countries (LDCs) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | -16327.4% | 0.0472 % change on previous year | -7.66 % change on previous year |
| 1988 | +5773.6% | 0.0938 % change on previous year | 5.51 % change on previous year |
| 2021 | +3104.2% | 0.3493 % change on previous year | 11.19 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.09 % change on previous year | 3.9 % change on previous year | 18.41 % change on previous year | 9 |
| 1980s | 3.52 % change on previous year | -2.31 % change on previous year | 10.4 % change on previous year | 10 |
| 1990s | 2.2 % change on previous year | -7.66 % change on previous year | 12.35 % change on previous year | 10 |
| 2000s | 12.24 % change on previous year | 2.16 % change on previous year | 20.77 % change on previous year | 10 |
| 2010s | 6.96 % change on previous year | -2.71 % change on previous year | 17.12 % change on previous year | 10 |
| 2020s | 5.25 % change on previous year | 0.3493 % change on previous year | 11.19 % change on previous year | 4 |
Countries ranked near Least Developed Countries (LDCs)
- 15 Hungary 19.75 % change on previous year compare
- 16 Montenegro 19.5 % change on previous year compare
- 17 San Marino 19.21 % change on previous year compare
- 18 Romania 18.36 % change on previous year compare
- 19 Serbia 18.29 % change on previous year compare
- 20 Croatia 18.27 % change on previous year compare
- 21 Guinea 17.84 % change on previous year compare
More economy & growth data for Least Developed Countries (LDCs)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.23 % (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 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 — Value US$ per capita 1,271 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 1,183 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 1.41 million million USD (2024)
Frequently asked questions
- What is gross national income — value us$, annual growth rate in Least Developed Countries (LDCs)?
- Gross national income — value us$, annual growth rate in Least Developed Countries (LDCs) was 3.01 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value us$, annual growth rate recorded in Least Developed Countries (LDCs)?
- The highest recorded value was 20.77 % change on previous year in 2006.
- What is the lowest gross national income — value us$, annual growth rate recorded in Least Developed Countries (LDCs)?
- The lowest recorded value was -7.66 % change on previous year in 1994.
- How does Least Developed Countries (LDCs) rank for gross national income — value us$, annual growth rate?
- Least Developed Countries (LDCs) ranks 18th out of 30 groups with data for 2023.
- Is gross national income — value us$, annual growth rate rising or falling in Least Developed Countries (LDCs)?
- Over the last ten years it is down 62.8%. The long-run trend across the full record is volatile.
- Where does this Least Developed Countries (LDCs) data come from?
- The figures come from Statizoid (derived), published as part of Gross National Income — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 National Income — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value US$ 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 National Income — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.