Early-demographic dividend economy graph showing purchasing power parity (PPP) growth from 1990 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
Economies in this phase had an average GDP per capita (PPP) near $8,000 in 2023. They are characterized by rapid growth with young populations, focusing on manufacturing and agriculture.