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Frontier Markets Countries by Nominal GDP
listGDP 2025 USD bn
Saudi Arabia1083.749
Argentina683.533
Vietnam490.970
Bangladesh467.218
Romania403.395
Kazakhstan300.538
Ukraine205.742
Nigeria188.271
Morocco165.835
Kuwait153.101
Kenya131.673
Bulgaria117.007
Oman104.351
Croatia98.951
Serbia92.549
Lithuania89.192
Slovenia75.224
Tunisia56.291
Jordan56.102
Estonia45.004
Mongolia25.804
Lebanon
Pakistan

GDP Rankings PPP (current international dollar bn)

listPPP GDP 2025 (current int. dollar bn)
Saudi Arabia2229.611
Vietnam1786.203
Bangladesh1783.420
Pakistan1671.868
Nigeria1584.958
Argentina1493.423
Romania926.759
Kazakhstan904.496
Ukraine690.059
Morocco424.871
Kenya401.968
Bulgaria264.699
Kuwait260.503
Oman231.160
Serbia216.221
Croatia198.268
Tunisia183.725
Lithuania165.442
Jordan131.677
Slovenia123.453
Mongolia73.279
Estonia68.235
Lebanon

GDP Rankings (PPP) share of world total Percent

listPPP GDP 2025 Share in World Total Pct
Saudi Arabia1.078
Vietnam0.863
Bangladesh0.862
Pakistan0.808
Nigeria0.766
Argentina0.722
Romania0.448
Kazakhstan0.437
Ukraine0.334
Morocco0.205
Kenya0.194
Bulgaria0.128
Kuwait0.126
Oman0.112
Serbia0.105
Croatia0.096
Tunisia0.089
Lithuania0.080
Jordan0.064
Slovenia0.060
Mongolia0.035
Estonia0.033
Lebanon

GDP Rankings per capita nominal USD

listGDP Per Capita USD
Slovenia35332.110
Estonia32760.310
Lithuania30835.023
Saudi Arabia30098.871
Kuwait29950.731
Croatia25673.571
Romania21421.047
Oman18966.341
Bulgaria18521.929
Kazakhstan14768.019
Argentina14362.247
Serbia14173.812
Mongolia7200.555
Ukraine6260.831
Jordan4903.104
Vietnam4805.842
Tunisia4528.048
Morocco4397.417
Bangladesh2689.241
Kenya2467.923
Nigeria806.841
Lebanon
Pakistan

GDP Rankings Average per capita PPP

listGDP Per Capita PPP (current int. dollar)
Saudi Arabia53067.144
Slovenia49692.371
Lithuania49016.025
Croatia44085.118
Kuwait43673.387
Estonia42567.539
Romania42174.733
Kazakhstan38089.424
Oman36005.948
Bulgaria35908.807
Serbia28378.359
Argentina26891.861
Ukraine17995.756
Mongolia17524.069
Vietnam14983.748
Tunisia12665.323
Jordan9862.335
Morocco9655.004
Bangladesh8797.093
Kenya6456.554
Pakistan5956.541
Nigeria5821.004
Lebanon

Population Rankings

listCombined Population mln
Pakistan240.537
Nigeria233.343
Bangladesh173.736
Vietnam102.161
Kenya53.354
Argentina47.592
Morocco37.712
Saudi Arabia36.006
Ukraine32.862
Kazakhstan20.351
Romania18.832
Tunisia12.432
Jordan11.442
Serbia6.530
Bulgaria6.317
Oman5.502
Kuwait5.112
Croatia3.854
Mongolia3.584
Lithuania2.893
Slovenia2.129
Estonia1.374
Lebanon

Debt vs. GDP Rankings (Avg)

listGeneral government gross debt Percent of GDP
Ukraine110.001
Jordan92.551
Tunisia82.872
Pakistan73.643
Argentina73.091
Morocco68.938
Kenya68.344
Slovenia67.987
Romania61.640
Croatia55.902
Nigeria52.522
Serbia44.388
Mongolia42.573
Lithuania41.837
Bangladesh40.258
Oman35.446
Saudi Arabia34.849
Vietnam33.566
Bulgaria28.040
Estonia25.405
Kazakhstan25.371
Kuwait7.354
Lebanon

Frontier Markets

  • Livlong 365 Expands Frontier Markets Initiative To Boost Health Insurance Access In Tier 2 & 3 IndiaBW Healthcare WorldLivlong 365, a Mumbai-based OPD coverage and wellness platform, has expanded its Frontier Markets initiative to deepen tech-enabled health...
  • Pakistan Set to Gain Stronger Position in MSCI Frontier Markets IndexProPakistaniPakistan's position in the MSCI Frontier Markets Index is expected to improve in the upcoming review in November 2025.
  • Harding Loevner Frontier Emerging Markets Equity Q3 2025 ReportSeeking AlphaThe Frontier Emerging Markets Equity composite rose 5.2% in the third quarter gross of fees, underperforming the MSCI Frontier Emerging...
  • How We Rate Emerging And Frontier MarketsS&P GlobalS&P Global Ratings defines emerging markets as countries that have been or are transitioning toward middle-income levels—with good access to global capital...
  • Frontier debt risks ‘going dark’ amid high costs and creative dealsReutersThe need for emerging economies to be more transparent about their debt is one issue uniting wealthy countries and multilateral lenders in a...
  • Frontier debt risks ‘going dark’ amid high costs and creative dealsReutersThe need for emerging economies to be more transparent about their debt is one issue uniting wealthy countries and multilateral lenders in a...
  • Resilience roundtable: How emerging markets can thrive amid geopolitical and geoeconomic uncertaintyThe World Economic ForumAt the inaugural Resilience Leaders' Roundtable, a coalition of business and political leaders discussed how best to advance...
  • Western Asset EM Debt Fund (NYSE: EMD) elects three directors to 2028; PwC ratifiedStock TitanHolders elected Nisha Kumar, Hillary A. Sale and Jane Trust Class II Directors until 2028, and ratified PricewaterhouseCoopers LLP for year...
  • SBCERA terminates PGIM Fixed Income from emerging markets debt portfolioPensions & InvestmentsSan Bernardino County (Calif.) Employees' Retirement Association has terminated its investment in PGIM Fixed Income's Emerging Markets Debt...
  • Navigating industrial policy: challenges and opportunities for emerging marketsEBRDThe session will examine whether and how emerging markets can use industrial policy to drive sustainable economic growth, diversify economies and enhance...
  • PodcastsMoody'sFeatured Podcast. Oct 28 · 17 MIN. COP30: How to Finance for Resilience. Extreme weather is intensifying, and funding for adaptation measures remains a...
  • Emerging Currencies Steady With Eyes on Trade Talks, Key DataBloomberg.comTakeaways by Bloomberg AI Hide · Stocks in developing nations climbed on Monday, with the index closing at its highest in three weeks, as...
  • Emerging Markets Under “America First Trade Policy”: What’s Next, Who’s Exposed?CitigroupA team led by Johanna Chua looks at what we've seen from the opening weeks of the second Trump administration through an emerging-markets lens.
  • How Emerging Markets Fund Managers Are Reacting to the US Tariff TurmoilMorningstar CanadaSome managers are reducing exposure to high-growth stocks, others have upped weightings to Latin America.
  • Emerging Markets See-saw Amid U.S.-China Trade TalksDevdiscourseEmerging markets dipped, pausing a rally tied to U.S.-China trade breakthroughs. Despite optimism, investors remain cautious due to...
  • How We Rate Emerging And Frontier MarketsS&P GlobalEmerging and frontier markets are strategically positioned to drive global economic growth through the expansion of their domestic markets.
  • Mongolia
    Lebanon
    Bangladesh
    Sri Lanca
    Croatia
    Bahrein
    Mauritus
    Jordan
    Tunisia
    Estonia
    Serbia
    Ukraine
    Bulgaria
    Lithuania
    Kuwait
    Nigeria
    Argentina
    Pakistan
    Morocco
    Kenya
    Oman
    Kazakhstan
    Vietnam
    Slovenia
    Romania
    Saudi Arabia

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    GDP Rankings per capita nominal USD

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    GDP Rankings Average per capita PPP

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    GDP Growth Rankings %

    list2025 GDP Growth
    Mongolia6.043
    Argentina5.502
    Vietnam5.152
    Kazakhstan4.881
    Kenya4.810
    Morocco3.905
    Bangladesh3.760
    Serbia3.463
    Croatia3.130
    Nigeria3.039
    Saudi Arabia2.989
    Lithuania2.787
    Pakistan2.649
    Jordan2.600
    Bulgaria2.458
    Oman2.330
    Ukraine2.000
    Kuwait1.866
    Slovenia1.800
    Romania1.597
    Tunisia1.430
    Estonia0.740
    Lebanon

    Investment to GDP

    listInvestment levels to GDP
    Mongolia33.000
    Saudi Arabia31.699
    Vietnam30.044
    Bangladesh29.913
    Nigeria29.133
    Morocco28.546
    Estonia28.124
    Oman26.500
    Kazakhstan26.485
    Romania25.400
    Serbia24.464
    Croatia23.296
    Slovenia21.460
    Lithuania21.252
    Bulgaria20.795
    Jordan19.589
    Ukraine18.463
    Kenya17.309
    Kuwait14.821
    Pakistan13.517
    Argentina13.479
    Tunisia10.690
    Lebanon

    Budget Balance/GDP

    listBudget Balance/GDP
    Argentina1.256
    Bangladesh
    Kenya
    Kuwait
    Lebanon
    Mongolia
    Nigeria
    Oman
    Pakistan
    Saudi Arabia
    Ukraine
    Vietnam
    Slovenia-1.780
    Estonia-1.933
    Lithuania-2.944
    Bulgaria-3.086
    Croatia-3.221
    Kazakhstan-3.233
    Serbia-3.308
    Morocco-3.983
    Tunisia-4.411
    Jordan-6.928
    Romania-7.522

    Average Current Account Balance/GDP

    listCurrent Account Balance/GDP
    Kuwait22.720
    Nigeria6.879
    Slovenia3.630
    Vietnam3.200
    Lithuania1.966
    Lebanon
    Pakistan-0.056
    Argentina-0.391
    Croatia-0.677
    Bangladesh-0.934
    Bulgaria-1.453
    Oman-1.467
    Morocco-1.951
    Estonia-2.569
    Tunisia-2.732
    Kazakhstan-3.565
    Kenya-3.898
    Saudi Arabia-4.015
    Jordan-5.539
    Serbia-5.763
    Romania-7.568
    Mongolia-11.053
    Ukraine-15.934