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SMALLEST ECONOMIES
The Underdogs of Global GDP: A Look at The World’s 5 Smallest Economies
What do these tiny economies have to offer — unique, resilient, and brimming with lessons for survival in a globalized world
When it comes to global economics, the focus often revolves around giants like the United States, China, or the European Union. However, a lesser-known yet fascinating group of nations stands at the other end of the spectrum — the world’s smallest economies (infographic below). While these countries might not dominate international markets, they offer unique insights into niche industries, local culture, and resilience in the face of challenges.
Situated as islands or archipelagos in remote locations, these smallest economies face inherent limitations to economic growth due to their small populations and geographic isolation. Natural resources, primarily agriculture and fishing, along with tourism, form the backbone of their economies. Let’s dive into the stories of the five smallest economies, ranked by projected GDP for 2025.
1. Tuvalu
- GDP (2025 Projected): $79M
- Population: 9,000
- Area: 26 km²