This chart displays the rankings of per capita GDP across continents from 1980 to 2024. It allows for comparison of economic growth trends and the scale of economies on each continent, revealing changes in GDP over time. The chart illustrates the economic progress and volatility in different regions, highlighting disparities between continents with high and low economic growth rates.
Per Capita GDP Rankings by Continent, 1980 to 2024
This chart displays the rankings of per capita GDP across continents from 1980 to 2024.
Gross Domestic Product (GDP): The total market value of all final goods and services produced within a country's borders in a specific time period. This indicator is used to assess the size and growth rate of an economy.
From 1980 to 2024, the changes in GDP across different continents highlight significant global economic growth.
Africa's GDP grew from approximately $469.86 billion in 1980 to about $2.817 trillion in 2024, marking nearly a 600% increase. This reflects the rapid economic growth achieved in the African continent.
Asia's GDP surged from around $2.442 trillion in 1980 to approximately $38.416 trillion in 2024, representing an astonishing increase of over 1,570%. This indicates Asia's emergence as a central hub in the global economy.
Europe's GDP increased from roughly $4.104 trillion in 1980 to about $27.550 trillion in 2024, showing a growth of about 670%. This demonstrates the steady economic growth of Europe.
Northern America's GDP rose from approximately $3.441 trillion in 1980 to around $33.780 trillion in 2024, reflecting an increase of nearly 980%. This signifies the continued strong economic power of Northern America.
Oceania's GDP grew from about $191.44 billion in 1980 to around $2.091 trillion in 2024, marking an increase of approximately 1,090%. Despite being a relatively small economic region, Oceania shows substantial growth.
Southern America's GDP increased from approximately $583.21 billion in 1980 to about $4.365 trillion in 2024, showing a growth of about 750%. This indicates consistent economic development in Southern America.
Overall, from 1980 to 2024, the global GDP has shown substantial growth across all continents, with Asia and Northern America experiencing particularly significant increases. This highlights the diversification of the global economy and the concurrent economic development across different regions.
| Rank | Name | Indicator |
|---|---|---|
1 | Northern America | $ 56,705 |
2 | Oceania | $ 44,153 |
3 | Europe | $ 33,584 |
4 | South America | $ 10,167 |
5 | Asia | $ 8,471 |
6 | Africa | $ 1,946 |