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.

Lists


Per the International Monetary Fund
(2021 estimates)[1]
Per the World Bank (2019)[12] Per the United Nations (2019)[13]
Country/TerritoryGDP
(US$ M)
 World[14]93,889,577
 United States22,675,271
 China[n 2]16,642,318
 Japan5,378,136
 Germany4,319,286
 United Kingdom3,124,650
 India3,049,704
 France2,938,271
 Italy2,106,287
 Canada1,883,487
 South Korea1,806,707
 Russia1,710,734
 Australia1,617,543
 Brazil1,491,772
 Spain1,461,552
 Mexico1,192,480
 Indonesia1,158,783
 Netherlands1,012,598
 Switzerland824,734
 Saudi Arabia804,921
 Turkey794,530
 Taiwan[n 3]759,104
 Iran682,859
 Poland642,121
 Sweden625,948
 Belgium578,996
 Thailand538,735
 Nigeria514,049
 Austria481,796
 Ireland476,663
 Israel446,708
 Norway444,519
 Argentina418,150
 Philippines402,638
 United Arab Emirates401,513
 Egypt394,284
 Denmark392,570
 Malaysia387,093
 Singapore374,394
 Hong Kong[n 4]368,633
 Vietnam354,868
 Bangladesh[15]352,908
 South Africa329,529
 Chile307,938
 Pakistan306,340
 Finland300,484
 Colombia295,610
 Romania289,130
 Czech Republic276,109
 Portugal257,391
 New Zealand243,332
 Peru225,918
 Greece209,857
 Iraq190,733
 Kazakhstan187,836
 Hungary176,543
 Qatar166,031
 Ukraine[n 5]164,593
 Algeria151,459
 Kuwait126,930
 Morocco124,003
 Slovakia117,664
 Kenya106,041
 Puerto Rico100,684
 Ecuador100,595
 Ethiopia93,966
 Sri Lanka84,532
 Luxembourg84,077
 Dominican Republic83,917
 Guatemala81,402
 Bulgaria77,782
 Myanmar76,195
 Ghana74,260
 Oman74,115
 Ivory Coast70,991
 Angola66,493
 Tanzania65,919
 Croatia65,217
 Lithuania62,198
 Uzbekistan61,203
 Costa Rica61,178
 Belarus60,725
 Serbia60,435
 Syria (2010)60,043
 Panama59,377
 Slovenia59,132
 Uruguay55,459
 DR Congo55,088
 Turkmenistan54,218
 Azerbaijan49,914
 Jordan44,979
 Cameroon44,893
 Tunisia44,265
 Bolivia43,110
 Venezuela42,530
 Uganda41,271
 Macau[n 6]39,449
 Paraguay37,836
 Latvia37,720
 Bahrain37,503
 Nepal36,084
 Sudan35,827
 Estonia35,187
 Senegal27,927
 Cambodia27,239
 Cyprus26,479
 El Salvador26,277
 Honduras26,161
 Zimbabwe26,085
 Yemen25,095
 Papua New Guinea24,536
 Libya24,267
 Iceland24,155
 Haiti22,431
 Trinidad and Tobago22,161
 Bosnia and Herzegovina21,953
 Laos20,440
 Afghanistan19,938
 Mali19,912
 Lebanon (2020)19,126
 Zambia18,955
 Burkina Faso18,853
 Botswana18,726
 Gabon18,362
 Benin17,327
 Albania17,138
 Palestine[n 7]16,481
 Malta16,476
 Guinea16,339
 Georgia16,163
 Niger15,899
 Brunei15,278
 Madagascar14,746
 Jamaica14,600
 Mongolia14,233
 Mozambique13,957
 North Macedonia13,821
 Chad12,531
 Nicaragua12,283
 Armenia12,251
 Mauritius12,212
 Congo12,022
 Moldova[n 8]11,998
 Equatorial Guinea11,726
 Bahamas11,706
 Namibia11,381
 Rwanda10,633
 Malawi9,268
 Mauritania9,239
 Kosovo8,810
 Togo8,627
 Tajikistan7,825
 Kyrgyzstan7,470
 Guyana7,255
 Montenegro5,651
 Somalia5,367
 Barbados4,628
 Fiji4,586
 Maldives4,536
 South Sudan4,461
 Sierra Leone4,420
 Eswatini4,226
 Djibouti3,663
 Liberia3,370
 Burundi3,244
 Central African Republic2,718
 Aruba2,582
 Bhutan2,480
 Suriname2,465
 Lesotho2,458
 Eritrea2,250
 Gambia2,078
 Cape Verde2,003
 Saint Lucia1,787
 East Timor1,726
 Belize1,700
 San Marino1,688
 Guinea-Bissau1,647
 Solomon Islands1,644
 Antigua and Barbuda1,376
 Comoros1,309
 Grenada1,041
 Seychelles948
 Vanuatu912
 Saint Kitts and Nevis831
 Saint Vincent and the Grenadines798
 Western Samoa752
 Dominica523
 Tonga508
 São Tomé and Príncipe485
 Micronesia401
 Marshall Islands234
 Kiribati231
 Palau229
 Nauru133
 Tuvalu57
Country/TerritoryGDP
(US$ M)
 World 87,813,420
 United States21,433,226
 China[n 9]14,342,903
 Japan5,081,770
 Germany3,861,124
 India2,868,929
 United Kingdom2,829,108
 France2,715,518
 Italy2,003,576
 Brazil1,839,758
 Canada1,736,426
 Russia1,699,877
 South Korea1,646,739
 Australia1,396,567
 Spain1,393,491
 Mexico1,268,871
 Indonesia1,119,191
 Netherlands907,051
 Saudi Arabia792,967
 Turkey761,425
 Switzerland703,082
 Poland595,858
 Taiwan (2017)574,905
 Thailand543,549
 Belgium533,097
 Sweden530,884
 Nigeria448,120
 Argentina445,445
 Austria445,075
 Iran (2017)445,345
 United Arab Emirates421,142
 Norway403,336
 Israel394,652
 Ireland388,699
 Philippines376,796
 Singapore372,063
 Hong Kong (PRC)365,712
 Malaysia364,681
 South Africa351,432
 Denmark350,104
 Colombia323,616
 Bangladesh317,465
 Egypt303,092
 Pakistan296,000
 Chile282,318
 Finland269,296
 Vietnam261,921
 Czech Republic250,681
 Romania250,077
 Portugal238,785
 Iraq234,094
 Peru226,848
 Greece209,853
 New Zealand206,929
 Kazakhstan181,666
 Qatar175,838
 Algeria171,091
 Hungary163,469
 Ukraine [n 5]153,781
 Kuwait134,629
 Morocco[n 10]119,700
 Ecuador107,436
 Slovakia105,080
 Cuba (2018)100,023
 Ethiopia95,913
 Kenya95,503
 Dominican Republic88,941
 Angola88,816
 Sri Lanka84,009
 Guatemala76,710
 Oman76,332
 Myanmar76,086
 Luxembourg71,105
 Bulgaria68,559
 Ghana66,984
 Panama66,801
 Tanzania[n 11]63,177
 Belarus63,080
 Costa Rica61,801
 Croatia60,753
 Ivory Coast58,539
 Uzbekistan57,921
 Uruguay56,046
 Lithuania54,627
 Slovenia54,174
 Macau (PRC)53,859
 Libya52,091
 Lebanon51,992
 Serbia51,475
 DR Congo50,401
 Azerbaijan48,048
 Jordan44,503
 Bolivia40,895
 Turkmenistan (2018)40,761
 Cameroon39,007
 Tunisia38,797
 Bahrain38,574
 Paraguay38,145
 Uganda35,165
 Latvia34,103
 Estonia31,471
 Nepal30,641
 Sudan30,513
 Cambodia27,089
 El Salvador27,023
 Honduras25,095
 Cyprus[n 12]24,949
 Papua New Guinea24,829
 Trinidad and Tobago24,270
 Iceland24,188
 Senegal23,578
 Zambia23,310
 Zimbabwe21,441
 Bosnia and Herzegovina20,164
 Afghanistan19,291
 Botswana18,340
 Laos18,174
 Georgia[n 13]17,477
 Mali17,280
 Gabon16,874
 Jamaica16,458
 Burkina Faso15,991
 Mozambique15,291
 Albania15,279
 Malta14,989
 Palestine (2018)[n 7]14,616
 Benin14,391
 Haiti14,332
 Madagascar14,115
 Mauritius14,048
 Mongolia13,997
 Armenia13,673
 Bahamas13,579
 Brunei13,469
 Niger12,912
 North Macedonia12,547
 Nicaragua12,521
 Namibia12,367
 Guinea12,297
 Congo12,267
 Moldova[n 8]11,969
 Chad11,315
 Equatorial Guinea11,027
 Rwanda10,354
 Kyrgyzstan8,455
 Tajikistan8,117
 Kosovo7,926
 Malawi7,667
 Mauritania7,601
 Maldives5,642
 Montenegro5,543
 Fiji5,496
 Togo5,490
 Barbados5,209
 Guyana5,174
 Eswatini4,472
 Sierra Leone4,122
 Suriname3,697
 Djibouti3,325
 Andorra3,154
 Liberia3,071
 Burundi3,012
 Bhutan2,531
 Lesotho2,376
 Central African Republic2,220
 Saint Lucia2,122
 East Timor2,018
 Cape Verde1,982
 Belize1,880
 Gambia1,826
 Seychelles1,703
 Antigua and Barbuda1,662
 San Marino (2018)1,638
 Solomon Islands1,590
 Guinea-Bissau1,339
 Grenada1,211
 Comoros1,166
 Saint Kitts and Nevis1,053
 Vanuatu934
 Samoa852
 Saint Vincent and the Grenadines825
 Dominica582
 Tonga512
 São Tomé and Príncipe419
 Micronesia (2018)402
 Palau268
 Marshall Islands (2018)221
 Kiribati195
 Nauru118
 Tuvalu47
Country/TerritoryGDP
(US$ M)
 World[16]87,461,674
 United States21,433,226
 China[n 9]14,342,933
 Japan5,082,465
 Germany3,861,123
 India2,891,582
 United Kingdom2,826,441
 France2,715,518
 Italy2,003,576
 Brazil1,847,795
 Canada1,741,496
 Russia1,692,930
 South Korea1,646,539
 Spain1,393,490
 Australia1,380,207
 Mexico1,256,440
 Indonesia1,119,190
 Netherlands907,050
 Saudi Arabia792,966
 Turkey761,425
 Switzerland731,425
 Iran603,779
 Poland595,862
 Thailand542,016
 Belgium533,097
 Sweden530,883
 Nigeria474,516
 Argentina449,663
 Austria445,075
 United Arab Emirates421,142
 Norway403,336
 Ireland398,590
 Israel395,098
 Singapore372,073
 Hong Kong (PRC)365,710
 Malaysia364,684
 Philippines359,354
 South Africa351,430
 Denmark350,104
 Colombia323,802
 Bangladesh317,465
 Egypt317,359
 Chile282,318
 Finland269,296
 Pakistan263,000
 Vietnam261,921
 Czech Republic250,680
 Romania250,075
 Portugal238,785
 Peru226,850
 Iraq225,232
 New Zealand206,936
 Greece205,326
 Qatar183,466
 Kazakhstan181,667
 Algeria171,157
 Hungary163,469
 Ukraine[n 5]153,781
 Venezuela134,960
 Kuwait134,623
 Morocco119,700
 Ecuador107,435
 Cuba105,354
 Slovakia105,079
 Puerto Rico (United States)104,988
 Kenya95,501
 Ethiopia92,750
 Dominican Republic88,941
 Angola85,000
 Sri Lanka84,008
 Myanmar76,784
 Guatemala76,710
 Oman76,331
 Luxembourg71,104
 Bulgaria67,925
 Ghana66,999
 Panama66,787
 Belarus63,080
 Costa Rica61,773
 Tanzania61,136
 Croatia60,415
 Ivory Coast58,539
 Lebanon56,409
 Uruguay56,045
 Uzbekistan57,921
 Lithuania54,627
 Slovenia54,174
 Macau (PRC)53,859
 Serbia51,475
 Turkmenistan48,276
 Azerbaijan48,047
 DR Congo47,319
 Jordan44,502
 Bolivia40,895
 Cameroon38,861
 Tunisia38,797
 Bahrain38,574
 Paraguay38,086
 Sudan34,895
 Latvia34,102
 Uganda32,609
 Libya32,600
 Estonia31,471
 Nepal30,714
 Cambodia27,097
 El Salvador27,022
 Honduras25,095
 Papua New Guinea24,969
 Yemen24,935
 Cyprus24,565
 Iceland24,188
 Senegal23,664
 Trinidad and Tobago23,208
 Zambia23,085
 Zimbabwe21,440
 Syria20,379
 Bosnia and Herzegovina20,164
 Laos18,822
 Botswana18,340
 Afghanistan17,876
 Georgia17,742
 Mali17,432
 Palestine17,058
 Gabon16,887
 North Korea16,331
 Burkina Faso15,990
 Jamaica15,830
 Mozambique15,296
 Albania15,278
 Malta14,863
 Benin14,403
 Mauritius14,180
 Madagascar14,104
 Mongolia13,852
 Armenia13,672
 Bahamas13,578
 Brunei13,469
 Niger12,927
 North Macedonia12,694
 Nicaragua12,520
 Congo12,397
 Namibia12,366
 Guinea12,354
 Moldova11,955
 Chad11,271
 Equatorial Guinea11,024
 Rwanda10,355
 New Caledonia (France)9,879
 Kyrgyzstan8,454
 Tajikistan8,333
 Malawi8,099
 Haiti8,051
 Kosovo7,952
 Mauritania7,593
 Monaco7,423
 Bermuda (UK)7,361
 Togo7,270
 Liechtenstein6,797
 French Polynesia (France)6,023
 Cayman Islands (UK)6,020
 Maldives5,642
 Montenegro5,542
 Fiji5,504
 Barbados5,209
 Guyana5,173
 South Sudan4,959
 Eswatini4,594
 Sierra Leone4,121
 Suriname3,697
 Aruba (Netherlands)3,293
 Djibouti3,166
 Andorra3,154
 Curaçao (Netherlands)3,101
 Greenland (Denmark)3,023
 Burundi3,002
 Liberia2,582
 Bhutan2,564
 Lesotho2,460
 Central African Republic2,220
 Saint Lucia2,122
 East Timor2,017
 Eritrea1,981
 Cape Verde1,981
 Belize1,906
 Gambia1,822
 Zanzibar (Tanzania)1,805
 Seychelles1,698
 Antigua and Barbuda1,661
 Somalia1,626
 San Marino1,602
 Guinea-Bissau1,322
 Solomon Islands1,302
 British Virgin Islands (UK)1,296
 Grenada1,211
 Turks and Caicos Islands (UK)1,197
 Comoros1,165
 Saint Kitts and Nevis1,050
 Sint Maarten (Netherlands)1,009
 Vanuatu906
 Samoa844
 Saint Vincent and the Grenadines825
 Dominica582
 Tonga508
 São Tomé and Príncipe421
 Micronesia414
 Cook Islands (New Zealand)379
 Anguilla (UK)379
 Palau280
 Marshall Islands237
 Kiribati194
 Nauru132
 Montserrat (UK)67
 Tuvalu47

See also


Notes


  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.

References


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  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". About.com. 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". unstats.un.org.
  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.