THE WORLD’S LITTLE ECONOMIES
Production, consumption, and trade of goods and services related activities in an area defines an Economy. Country’s economy is controlled by many factors like culture, laws, history, and geography…The most common way to measure a nations’ economy is by Gross Domestic Production (GDP). It’s the summed up value of all goods and services produced within a country in a year. United States, China, Japan, Germany, and the United Kingdom are the strongest economies of the world. Some countries don’t have many resources. Here are the 7 smallest economies of the world. Many aspects categorize these countries on the list. Lack of resources makes production a difficult task. Some countries have very little population which leads to limitations for the growth. These countries rely on foreign aids from other countries.
NAURA:
Nauru is located in the South Pacific Sea. It is the least visited country in the world. Nauruan Economy is very tiny. Around only 200 tourists visit Naura. It is 4 kilometers wide in a circle. You can walk around the whole place within a couple of hours. Naura population is 13,000. It is the topmost obese country in the world with the percentage of 61%. The major reason for obesity is the lack of local production. Nauruans import canned (processed) food.
São Tomé and Príncipe:
São Tomé and Príncipe are 2 Islands located off the Western Coast of Central Africa. It is a Portuguese speaking beautiful country. Its whole area is a kind of pretty mountains with coconut trees and blue seawater. This country produces a lot of chocolate. Its GDP is mainly because of chocolates. São Tomé and Príncipe is also one of the small economies of the world.
GAMBIA:
Gambia is located in West Africa surrounded all by Senegal. Most residents of the Gambia speaks English. Many Gambians speaks French as well. It is also the smallest country in mainland Africa. Gambia can be visited in only a day. This country is full of greenery. It is also in the list of tiny economies.
TUVALU:
Tuvalu is also a small economy. Tuvalu is an independent island nation in the South Pacific. Only 2 flights a week operate in Tuvalu from Fiji. It is a long, narrow Island. Tourists rent a motorbike and drive all the way country. The fun fact of Tuvalu is that its airport is a playground for the people. Whole Island play and chill here cause less number of flights arrival. People also sleep on the runway. Tuvalu’s life is a pure form of nature.
COMOROS:
Comoros is a little Island in the Africa. Comoros is also one of the smallest economies. Comoros have mixed cultures of French, Swahili, and Arabic roots. People here speak 3 languages. Comoros is a Muslim country. It has active volcanoes as well.
SAN MARINO:
San Marino is a small landlocked city-state in the center of Italy. San Marino is only 22 miles long. It is the oldest surviving national constitution in the world. It is a beautiful country with amazing scenes to be viewed. It is also one of the smallest economies in the world.
ST. KITTS AND NEVIS:
Saint Kitts and Nevis is a pleasant country in the Caribbean. It has a short economy. It is the smallest country in the Americas. It has crystal blue water. People here are friendly and happy. St. Kitts and Nevis people love the Cricket very much. There are many monkeys in this country.
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