plate 356 · 2023 data

26 countries produce less per person than in 2013

Countries with 1 million+ people whose real GDP per person in 2023 was below 2013. In 2013: 13 of 150.

Money rewired
  1. 1. Central banks now hold more gold than Treasuries or euros
  2. 2. China now pays the world mostly in yuan
  3. 3. Migrants now send home four times all foreign aid
  4. 4. Tether now holds more US Treasuries than the UAE
  5. 5. Developing countries' interest bill has nearly tripled since 2010
  6. 6. Poles edge past the Japanese in income per person
  7. 7. In dollars, Nigeria's economy has more than halved since 2014
  8. 8. Argentina's monthly inflation fell from 25.5% to 1.9%
  9. 9. Guyana now produces more per person than America
  10. 10. Ukraine received four times the aid of any other country
  11. 11. Singapore now draws twice as much foreign investment as China
  12. 12. 22 governments now owe more than a year's national output
  13. 13. Money sent home to Guatemala nearly quadrupled in ten years
  14. 14. In purchasing power, Russia's economy is now bigger than Japan's
  15. 15. Colombians abroad now send home more than foreigners invest
  16. 16. 72 countries now pay China more than it lends them
  17. 17. Pakistan rose to first place in Chinese energy finance
  18. 18. Money sent home now tops half of Tajikistan's economy
  19. 19. Pakistan passed India in tech's share of services exports
  20. 20. Mongolia leapt from 2% to 58% paying utilities by phone
  21. 21. Smaller currencies' share of world reserves has more than doubled
  22. 22. Phone savers now outnumber bank savers in 32 countries
  23. 23. Uzbekistan now receives more than twice Ukraine's remittances
  24. 24. Fewer countries owe China more than the World Bank
  25. 25. Poorer countries now owe Saudi Arabia more than America
  26. 26. Cambodia's bank lending grew from 8% to 121% of GDP
  27. 27. Egypt tripled its ATMs per adult in ten years
  28. 28. Bank branches are past their peak in most countries
  29. 29. Guinea rose from 17th to second for investment in Africa
  30. 30. Navoi doubled its share of Uzbekistan's economy in ten years
  31. 31. Turkmenistan has paid back almost all it owed China
  32. 32. Foreign debt payments now top foreign investment in 87 countries
  33. 33. Gulf governments now owe 13% of international government bonds
  34. 34. Sabah and Sarawak's share of Malaysia's economy keeps shrinking
  35. 35. Venezuela flipped from sending money abroad to receiving it
  36. 36. China holds most government-to-government loans in 36 countries
  37. 37. South Asia nearly doubled its share of the world economy
  38. 38. Colombia now earns more from visitors than Brazil
  39. 39. 26 countries produce less per person than in 2013
  40. 40. India and Mexico got only a third of new remittances
  41. 41. Fewer Mexicans live abroad, yet Mexico receives far more money
  42. 42. Kenyans abroad send home more than Kenya receives in aid
26 of 150

countries with a million people or more produced less per person in 2023 than in 2013. Ten years earlier, 13 produced less than in 2003.

903 million

people live in those 26 countries, 11% of the 150-country total: Nigeria 228m, Brazil 211m, South Africa 63m, Sudan 50m, Argentina 46m, Iraq 45m.

−3%

Nigeria's output per person, 2013 to 2023. South Africa, Argentina and Iraq are 7% lower; Yemen, Angola, Sudan and Syria fell 20% to 68%.

the numbers & method
26 countries produce less per person than in 2013. Source: University of Groningen (GGDC), Penn World Table 11.0: real GDP at constant national prices and population, 2023.
CountryValue (%)
IRL95.1
BGD80.4
CHN73.1
VNM62.1
GEO61.8
ETH59.8
IND59.8
CIV59.2
TJK58.1
ARM55.8
KHM51.4
BIH51.0
RWA50.8
ROU49.7
LAO48.4
SOM46.4
UZB45.5
DOM45.2
DJI45.1
SLE44.7
HRV43.8
LTU42.9
POL42.4
NPL41.8
TUR41.6
PHL41.1
ALB39.9
GIN39.5
BGR39.0
SRB39.0
MLI38.6
HUN38.3
MKD37.4
IDN37.2
MDA37.1
TWN36.1
MMR35.4
LVA34.9
MWI31.8
TZA30.6
PAN30.4
SVN30.4
TKM30.4
MUS29.7
BEN28.6
TGO28.5
CRI28.4
KEN28.0
EGY27.9
MYS27.4
SEN27.2
COD25.7
KGZ25.7
KOR25.3
SGP25.2
SVK24.0
PAK23.4
ISR22.4
GNB22.2
SLV22.2
GRC21.7
PRT21.6
GHA21.5
CZE21.4
NER21.0
BFA20.7
MNG20.7
GTM20.3
EST20.0
UGA19.1
USA18.6
ESP18.3
DNK17.9
KAZ17.1
NIC16.2
NZL16.2
MAR16.1
THA15.9
COL15.6
BOL15.5
DZA15.4
IRN15.3
PRY15.2
BWA15.1
NLD15.1
URY15.1
HND14.6
GMB14.0
CAF13.9
BEL12.5
ITA12.1
RUS11.1
SWE11.1
AUS10.6
LBR9.6
SWZ9.6
CHE9.5
GBR9.2
MOZ9.1
HKG9.0
CMR8.9
PER8.8
MRT8.5
JPN8.4
FRA8.2
TUN8.0
CHL7.9
DEU7.4
NOR7.4
BLR7.2
CAN6.5
JAM6.2
FIN6.0
SAU6.0
ECU5.9
LKA5.9
AUT5.7
MEX5.3
ZMB4.4
ZWE3.6
AZE3.3
BHR1.7
MDG1.2
BDI1.0
BRA-0.8
ARE-1.5
NGA-3.2
GAB-5.7
ZAF-7.0
ARG-7.3
IRQ-7.3
OMN-7.7
TCD-8.7
LSO-10.9
HTI-12.4
PSE-12.6
NAM-12.8
JOR-13.5
UKR-13.8
QAT-19.5
SYR-20.1
TTO-21.4
SDN-21.8
KWT-25.0
LBN-25.9
AGO-28.6
COG-29.5
GNQ-52.4
YEM-67.8
VEN-69.2

Claim types Estimate

Penn World Table version 11.0 (Groningen Growth and Development Centre, DataverseNL doi.org/10.34894/FABVLR, version 2.0, released 10 Oct 2025), variables rgdpna (real GDP at constant 2021 national prices) and pop (population, millions), read from the publisher's file via the progrss vault (§4.11, penn-world-table passes value_checks). Output per person = rgdpna / pop for each country, compared with its own value ten years earlier, so prices and exchange rates drop out. Set: the 150 economies with 1 million+ people in 2023 and data for 2003, 2013 and 2023 (smaller economies left out because a few thousand people swing their per-person series). 26 had lower output per person in 2023 than 2013; 13 of the same 150 had lower output in 2013 than 2003. Their combined population is 903 million of 7,956 million in the set (11.3%). Three of the 26 are within 3.5% of flat (Brazil −0.8%, UAE −1.5%, Nigeria −3.2%); 24 fell by more than 2%. Percent changes in the map are progrss calculations. Control: IMF World Economic Outlook (October 2026) real GDP growth compounded over ten years against IMF population growth gives the same direction for the 1 million+ set: 15 of 151 in 2013 and 31 of 153 in 2023. PWT values for the latest years are model-based estimates and may be revised; the decade comparison uses real volumes only. No cause is claimed: the 26 include oil exporters, countries in conflict and several of Africa's and Latin America's largest economies. Claim type: Estimate (modelled series with a same-method control). South Sudan is left out (PWT series starts 2008).

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