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Data InsightsGrowth of global GDP per capita has been remarkably steady over the past three decades

Growth of global GDP per capita has been remarkably steady over the past three decades

The image illustrates the growth of global Gross Domestic Product (GDP) per capita from 1994 to 2024. A line graph displays a steady increase in GDP per capita, starting just above $11,000 in 1994 and rising to around $21,000 towards the end of the timeline. The graph features a clear upward trend with slight fluctuations but overall presents a consistent growth pattern over the years. The title at the top reads "Growth of global GDP per capita over the last three decades," and the data is adjusted for inflation. 

The footer notes the data sources as Eurostat, OECD, IMF, and World Bank, 2025, and mentions that the data is expressed in international dollars at 2021 prices.

This chart shows global GDP per capita, adjusted for inflation. Looking at the world economy from this perspective, it is the steadiness of this change that stands out to me. Average incomes per person have risen at a fairly constant pace of roughly 2% per year, interrupted only by the 2008–09 financial crisis and the 2020 pandemic.

One reason this is noteworthy, in my view, is that national economies changed a lot during the same period. Some economies slowed, many others grew, and more generally, some major political shifts took place. Yet when all of this is aggregated, the global average followed a remarkably smooth upward track.

The line in the chart ends in 2024, so it does not yet capture more recent developments. But a few recent articles, such as this one from The Economist, look at data for 2025 and point to the same stability.

Past trends may not continue in the future. But this data reminds us that global economic aggregates can develop more steadily than the headlines might make us think.

Read more about what economic growth is and why it is important.

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