GDP is the gross domestic product which is also known as the market value of all the final goods and services of a country in a particular year. Countries are often compared to one another on the basis of their GDP and on the basis of this figure; countries are termed rich or poor.
GDP per capita is not the measure of the personal income but is equal to the Gross domestic income per capita.
The following is a list of some of the smallest countries in the world as far as the GDP or gross domestic product is concerned.
The smallest country in the world as far as its GDP compared to the other countries is concerned is Federated States of Micronesia. Its GDP is $318 Million and its population of 106104.
With a GDP of $288 Million, Anguilla is another nation which has the smallest GDP in the world. Democratic Republic of Sao Tome and Principle has a GDP of $256 million whereas another nation with low GDP is Cook Islands.
Some other nations on this list are Republic of Palau, Republic of the Marshall Islands, Republic of Kiribati, Republic of Nauru, Montserrat and Tuvalu which has a GDP of $37 Million.