Comparing countries’ economic strengths can be challenging due to varying population sizes. However, when two countries have similar populations, comparisons become more straightforward. We’ve visualized five pairs of countries with comparable population sizes but different GDPs.
These countries offer insights into how unique factors such as strategic locations, favorable tax policies, and natural resources contribute to their economic growth. Singapore’s financial hub status and major trading port drive its significantly higher GDP compared to Finland. Ireland’s gateway position in the European market has attracted substantial foreign direct investment.
Notably, Guyana’s oil discovery has transformed its economy. The country’s PPP-adjusted GDP has increased nine-fold since 2015, from $7 billion to $63 billion per year. In contrast, Bhutan’s economy remains relatively stable with a PPP-adjusted GDP of $13 billion.
These examples highlight the complexities and variations in economic growth among countries with similar population sizes. The Voronoi app provides access to reliable data-driven charts and insights on this topic.
Source: https://www.visualcapitalist.com/how-similarly-populated-countries-compare-in-economic-strength