List of countries by GDP (nominal)

Largest economies by nominal GDP in 2021[1]
Countries by nominal GDP in 2019[n 1]
  >$20 trillion
  $10–$20 trillion
  $5–$10 trillion
  $1–$5 trillion
  $750 billion–$1 trillion
  $500–$750 billion
  $250–$500 billion
  $100–$250 billion
  $50–$100 billion
  $25–$50 billion
  $5–$25 billion
  <$5 billion

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year.[2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.[3] Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population.[4]

Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, does not take into account the differences of quality of goods and services among countries, and it also requires more estimation than nominal GDP.[5] On the whole, PPP per capita figures are less spread than nominal GDP per capita figures.[6]

Although the rankings of national economies have changed considerably over time, the United States has maintained its top position since the Gilded Age, a time period in which its economy saw rapid expansion, surpassing the British Empire and Qing dynasty in aggregate output.[7][8] Since China's transition to a market-based economy through controlled privatisation and deregulation,[9][10] the country has seen its ranking increase from ninth, in 1978, to second, in 2016. Economic growth accelerated and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016.[8][1] Among others, India has also experienced an economic boom since the implementation of economic liberalisation in the early 1990s.[11]

The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF definitive data for the past year and estimates for the current year are published twice a year in April and October. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, the State of Palestine and Taiwan) are included in the list where they appear in the sources.


Per the International Monetary Fund
(2021 estimates)[1]
Per the World Bank (2019)[12] Per the United Nations (2019)[13]
(US$ M)
 United States22,675,271
 China[n 2]16,642,318
 United Kingdom3,124,650
 South Korea1,806,707
 Saudi Arabia804,921
 Taiwan[n 3]759,104
 United Arab Emirates401,513
 Hong Kong[n 4]368,633
 South Africa329,529
 Czech Republic276,109
 New Zealand243,332
 Ukraine[n 5]164,593
 Puerto Rico100,684
 Sri Lanka84,532
 Dominican Republic83,917
 Ivory Coast70,991
 Costa Rica61,178
 Syria (2010)60,043
 DR Congo55,088
 Macau[n 6]39,449
 El Salvador26,277
 Papua New Guinea24,536
 Trinidad and Tobago22,161
 Bosnia and Herzegovina21,953
 Lebanon (2020)19,126
 Burkina Faso18,853
 Palestine[n 7]16,481
 North Macedonia13,821
 Moldova[n 8]11,998
 Equatorial Guinea11,726
 South Sudan4,461
 Sierra Leone4,420
 Central African Republic2,718
 Cape Verde2,003
 Saint Lucia1,787
 East Timor1,726
 San Marino1,688
 Solomon Islands1,644
 Antigua and Barbuda1,376
 Saint Kitts and Nevis831
 Saint Vincent and the Grenadines798
 Western Samoa752
 São Tomé and Príncipe485
 Marshall Islands234
(US$ M)
 World 87,813,420
 United States21,433,226
 China[n 9]14,342,903
 United Kingdom2,829,108
 South Korea1,646,739
 Saudi Arabia792,967
 Taiwan (2017)574,905
 Iran (2017)445,345
 United Arab Emirates421,142
 Hong Kong (PRC)365,712
 South Africa351,432
 Czech Republic250,681
 New Zealand206,929
 Ukraine [n 5]153,781
 Morocco[n 10]119,700
 Cuba (2018)100,023
 Dominican Republic88,941
 Sri Lanka84,009
 Tanzania[n 11]63,177
 Costa Rica61,801
 Ivory Coast58,539
 Macau (PRC)53,859
 DR Congo50,401
 Turkmenistan (2018)40,761
 El Salvador27,023
 Cyprus[n 12]24,949
 Papua New Guinea24,829
 Trinidad and Tobago24,270
 Bosnia and Herzegovina20,164
 Georgia[n 13]17,477
 Burkina Faso15,991
 Palestine (2018)[n 7]14,616
 North Macedonia12,547
 Moldova[n 8]11,969
 Equatorial Guinea11,027
 Sierra Leone4,122
 Central African Republic2,220
 Saint Lucia2,122
 East Timor2,018
 Cape Verde1,982
 Antigua and Barbuda1,662
 San Marino (2018)1,638
 Solomon Islands1,590
 Saint Kitts and Nevis1,053
 Saint Vincent and the Grenadines825
 São Tomé and Príncipe419
 Micronesia (2018)402
 Marshall Islands (2018)221
(US$ M)
 United States21,433,226
 China[n 9]14,342,933
 United Kingdom2,826,441
 South Korea1,646,539
 Saudi Arabia792,966
 United Arab Emirates421,142
 Hong Kong (PRC)365,710
 South Africa351,430
 Czech Republic250,680
 New Zealand206,936
 Ukraine[n 5]153,781
 Puerto Rico (United States)104,988
 Dominican Republic88,941
 Sri Lanka84,008
 Costa Rica61,773
 Ivory Coast58,539
 Macau (PRC)53,859
 DR Congo47,319
 El Salvador27,022
 Papua New Guinea24,969
 Trinidad and Tobago23,208
 Bosnia and Herzegovina20,164
 North Korea16,331
 Burkina Faso15,990
 North Macedonia12,694
 Equatorial Guinea11,024
 New Caledonia (France)9,879
 Bermuda (UK)7,361
 French Polynesia (France)6,023
 Cayman Islands (UK)6,020
 South Sudan4,959
 Sierra Leone4,121
 Aruba (Netherlands)3,293
 Curaçao (Netherlands)3,101
 Greenland (Denmark)3,023
 Central African Republic2,220
 Saint Lucia2,122
 East Timor2,017
 Cape Verde1,981
 Zanzibar (Tanzania)1,805
 Antigua and Barbuda1,661
 San Marino1,602
 Solomon Islands1,302
 British Virgin Islands (UK)1,296
 Turks and Caicos Islands (UK)1,197
 Saint Kitts and Nevis1,050
 Sint Maarten (Netherlands)1,009
 Saint Vincent and the Grenadines825
 São Tomé and Príncipe421
 Cook Islands (New Zealand)379
 Anguilla (UK)379
 Marshall Islands237
 Montserrat (UK)67

See also


  1. Based on IMF data. If no data is available for a country from the IMF, then data from the United Nations is used.
  2. Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
  3. The name used in IMF's report is "Taiwan Province of China".
  4. The name used in IMF's report is "Hong Kong SAR".
  5. Figures exclude Republic of Crimea and Sevastopol.
  6. The name used in IMF's report is "Macao SAR".
  7. The name used in IMF's an the World Bank's report is "West Bank and Gaza".
  8. Excludes data for Transnistria.
  9. Figures exclude special administrative regions of Hong Kong and Macau.
  10. Includes Western Sahara.
  11. Covers mainland Tanzania only.
  12. Data are for the area controlled by the Government of the Republic of Cyprus.
  13. Excludes Abkhazia and South Ossetia.


  1. "World Economic Outlook Database, April 2021". International Monetary Fund. April 2021. Retrieved 8 May 2021.
  2. "What is GDP and why is it so important?". Investopedia. IAC/InterActiveCorp. 26 February 2009. Retrieved 23 May 2016.
  3. Moffatt, Mike. "A Beginner's Guide to Purchasing Power Parity Theory". IAC/InterActiveCorp. Retrieved 31 May 2014.
  4. Ito, Takatoshi; Isard, Peter; Symansky, Steven (January 1999). "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia" (PDF). Changes in Exchange Rates in Rapidly Development Countries: Theory, Practice, and Policy Issues. National Bureau of Economic Research. Retrieved 23 May 2016.
  5. Callen, Tim (28 March 2012). "Purchasing Power Parity: Weights Matter". Finance & Development. International Monetary Fund. Retrieved 30 May 2014.
  6. Callen, Tim (28 March 2012). "Gross Domestic Product: An Economy's All". Finance & Development. International Monetary Fund. Retrieved 31 May 2014.
  7. Matthews, Chris (5 October 2014). "5 Most Powerful Economic Empires of All Time". Fortune. Time, Inc. Retrieved 23 May 2016.
  8. Kroeber, Arthur R. (2016). China's Economy: What Everyone Needs to Know. New York, United States: Oxford University Press. ISBN 9780190239053.
  9. Kau, Michael Ying-mao (30 September 1993). China in the Era of Deng Xiaoping: A Decade of Reform. Studies on Contemporary China. Taylor & Francis. ISBN 9781563242786. Retrieved 23 May 2016.
  10. Hu, Zuliu; Khan, Mohsin S. (April 1997). "Why Is China Growing So Fast?" (PDF). Economic Issues. International Monetary Fund. Retrieved 26 May 2016.
  11. Rodrik, Dani; et al. (March 2004). "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition" (PDF). National Bureau of Economic Research. Retrieved 23 March 2016.
  12. "GDP (current US$)". World Development Indicators. World Bank. Retrieved 2 March 2021.
  13. "United Nations Statistics Division - National Accounts".
  14. "World Economic Outlook Database, April 2021". World Economic Outlook. International Monetary Fund. April 2021. Retrieved 6 April 2021.
  15. "All countries and regions/subregions (totals) for all years - sorted by region/subregion". United Nations. Retrieved 28 January 2019.