The global economy is a complex and interconnected system, with different countries playing different roles and contributing varying levels of wealth and economic activity. One way to measure a country’s economic strength is by looking at its Gross Domestic Product (GDP), which is the total value of goods and services produced within a country’s borders in a given period.
In addition, GDP also takes into consideration the output of services provided by the government, such as money spent on defense, healthcare, or education. Generally speaking, when GDP is increasing in a country, it is a sign of greater economic activity that benefits workers and businesses (while the reverse is true for a decline).
Here are the top 20 smallest economies in the world.
| Rank | Country | GDP |
| 1. | Nauru | $133 million |
| 2. | Palau | $218 million |
| 3. | Marshall Islands | $260 million |
| 4. | Federated States of Micronesia | $404 million |
| 5. | São Tomé and Príncipe | $527 million |
| 6. | Dominica | $554 million |
| 7. | Turks and Caicos Islands | $943 million |
| 8. | Vanuatu | $956 million |
| 9. | Grenada | $1 billion |
| 10. | Northern Mariana Islands | $1 billion |
| 11. | Sint Maarten | $1 billion |
| 12. | Comoros | $1 billion |
| 13. | Seychelles | $1 billion |
| 14. | Antigua and Barbuda | $1 billion |
| 15. | San Marino | $2 billion |
| 16. | Solomon Islands | $2 billion |
| 17. | Guinea-Bissau | $2 billion |
| 18. | The Gambia | $2 billion |
| 19. | Belize | $2 billion |
| 20. | Lesotho | $2 billion |
