Small Countries, Big Economies

Exploring the impact of small nations with big ambitions: from Malta to Monaco, Qatar to Singapore, these eight countries prove that size doesn’t limit success.

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Malta

Population:
539,607 (2024)

GDP:
$22.7 Billion (Nominal, 2024)
$36.9 Billion (PPP, 2024)

Economy:
Tourism, Financial Services

Liechtenstein

Population:
38,748 (Jan 2020, provisional)

GDP:
$6.872 Billion (Nominal, 2021)

Economy:
Finance, Manufacturing

Monaco

Population:
39,150 (Jan 2021 est.)

GDP:
$7.97 Billion (Nominal, 2021)
$7.672 Billion (PPP, 2015)

Economy:
Tourism, Banking

Qatar

Population:
3,098,866 (2024)

GDP:
$224.69 Billion (Nominal, 2024)
$337.52 Billion (PPP, 2024)

Economy:
Exports, Real Estate

Singapore

Population:
5,917,600 (Jun 2023)

GDP:
$525.228 Billion (Nominal, 2024 est)
$794.179 Billion (PPP, 2024)

Economy:
Finance, Technology

Luxembourg

Population:
672,050 (2024)

GDP:
$89 Billion (Nominal, 2024)
$97 Billion (PPP, 2024)

Economy:
Finance, Steel, Technology

Hong Kong

Population:
7,498,100 (2023)

GDP:
$407 Billion (Nominal, 2024)
$570 Billion (PPP, 2024)

Economy:
Tourism, Finance, Trade

Brunei

Population:
460,346 (2022)

GDP:
$15.988 Billion (Nominal, 2023)
$33.387 Billion (PPP, 2023)

Economy:
Oil