The GDP is an important economic indicator for countries. The GDP or Gross Domestic Product of a country refers to the market value of all final goods and services produced within a country in a given period. It is often considered an indicator of a country's standard of living. The map below gives you an idea of the GDP in different areas of the world.

Source: GDP Nominal per capita world map IMF, Wikimedia

Activity

Answer the following questions based on the map above:

1. Which three continents have the highest GDP in the world?
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   Check Your Answer

   The highest GDP in the world can be found in North America, Australia, and Europe.
2. Which continents have the lowest GDP in the world?
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   Check Your Answer

   The lowest GDP in the world can be found in Africa and Asia.

Click on the link below to examine a table of the GDP for 225 countries of the world. Research this list and complete the GDP information in your chart.

GDP per capita