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List of countries by GDP (nominal)

From Wikipedia, the free encyclopedia

Largest economies by nominal GDP in 2021[1]
Countries by nominal GDP in 2019[n 1]    .mw-parser-output .legend{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .legend-color{display:inline-block;min-width:1.25em;height:1.25em;line-height:1.25;margin:1px 0;text-align:center;border:1px solid black;background-color:transparent;color:black}.mw-parser-output .legend-text{}  >$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
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/Territory GDP
(US$ M)
 World[14] 93,889,577
 United States 22,675,271
 China[n 2] 16,642,318
 Japan 5,378,136
 Germany 4,319,286
 United Kingdom 3,124,650
 India 3,049,704
 France 2,938,271
 Italy 2,106,287
 Canada 1,883,487
 South Korea 1,806,707
 Russia 1,710,734
 Australia 1,617,543
 Brazil 1,491,772
 Spain 1,461,552
 Mexico 1,192,480
 Indonesia 1,158,783
 Netherlands 1,012,598
 Switzerland 824,734
 Saudi Arabia 804,921
 Turkey 794,530
 Taiwan[n 3] 759,104
 Iran 682,859
 Poland 642,121
 Sweden 625,948
 Belgium 578,996
 Thailand 538,735
 Nigeria 514,049
 Austria 481,796
 Ireland 476,663
 Israel 446,708
 Norway 444,519
 Argentina 418,150
 Philippines 402,638
 United Arab Emirates 401,513
 Egypt 394,284
 Denmark 392,570
 Malaysia 387,093
 Singapore 374,394
 Hong Kong[n 4] 368,633
 Vietnam 354,868
 Bangladesh[15] 352,908
 South Africa 329,529
 Chile 307,938
 Pakistan 306,340
 Finland 300,484
 Colombia 295,610
 Romania 289,130
 Czech Republic 276,109
 Portugal 257,391
 New Zealand 243,332
 Peru 225,918
 Greece 209,857
 Iraq 190,733
 Kazakhstan 187,836
 Hungary 176,543
 Qatar 166,031
 Ukraine[n 5] 164,593
 Algeria 151,459
 Kuwait 126,930
 Morocco 124,003
 Slovakia 117,664
 Kenya 106,041
 Puerto Rico 100,684
 Ecuador 100,595
 Ethiopia 93,966
 Sri Lanka 84,532
 Luxembourg 84,077
 Dominican Republic 83,917
 Guatemala 81,402
 Bulgaria 77,782
 Myanmar 76,195
 Ghana 74,260
 Oman 74,115
 Ivory Coast 70,991
 Angola 66,493
 Tanzania 65,919
 Croatia 65,217
 Lithuania 62,198
 Uzbekistan 61,203
 Costa Rica 61,178
 Belarus 60,725
 Serbia 60,435
 Syria (2010) 60,043
 Panama 59,377
 Slovenia 59,132
 Uruguay 55,459
 DR Congo 55,088
 Turkmenistan 54,218
 Azerbaijan 49,914
 Jordan 44,979
 Cameroon 44,893
 Tunisia 44,265
 Bolivia 43,110
 Venezuela 42,530
 Uganda 41,271
 Macau[n 6] 39,449
 Paraguay 37,836
 Latvia 37,720
 Bahrain 37,503
 Nepal 36,084
 Sudan 35,827
 Estonia 35,187
 Senegal 27,927
 Cambodia 27,239
 Cyprus 26,479
 El Salvador 26,277
 Honduras 26,161
 Zimbabwe 26,085
 Yemen 25,095
 Papua New Guinea 24,536
 Libya 24,267
 Iceland 24,155
 Haiti 22,431
 Trinidad and Tobago 22,161
 Bosnia and Herzegovina 21,953
 Laos 20,440
 Afghanistan 19,938
 Mali 19,912
 Lebanon (2020) 19,126
 Zambia 18,955
 Burkina Faso 18,853
 Botswana 18,726
 Gabon 18,362
 Benin 17,327
 Albania 17,138
 Palestine[n 7] 16,481
 Malta 16,476
 Guinea 16,339
 Georgia 16,163
 Niger 15,899
 Brunei 15,278
 Madagascar 14,746
 Jamaica 14,600
 Mongolia 14,233
 Mozambique 13,957
 North Macedonia 13,821
 Chad 12,531
 Nicaragua 12,283
 Armenia 12,251
 Mauritius 12,212
 Congo 12,022
 Moldova[n 8] 11,998
 Equatorial Guinea 11,726
 Bahamas 11,706
 Namibia 11,381
 Rwanda 10,633
 Malawi 9,268
 Mauritania 9,239
 Kosovo 8,810
 Togo 8,627
 Tajikistan 7,825
 Kyrgyzstan 7,470
 Guyana 7,255
 Montenegro 5,651
 Somalia 5,367
 Barbados 4,628
 Fiji 4,586
 Maldives 4,536
 South Sudan 4,461
 Sierra Leone 4,420
 Eswatini 4,226
 Djibouti 3,663
 Liberia 3,370
 Burundi 3,244
 Central African Republic 2,718
 Aruba 2,582
 Bhutan 2,480
 Suriname 2,465
 Lesotho 2,458
 Eritrea 2,250
 Gambia 2,078
 Cape Verde 2,003
 Saint Lucia 1,787
 East Timor 1,726
 Belize 1,700
 San Marino 1,688
 Guinea-Bissau 1,647
 Solomon Islands 1,644
 Antigua and Barbuda 1,376
 Comoros 1,309
 Grenada 1,041
 Seychelles 948
 Vanuatu 912
 Saint Kitts and Nevis 831
 Saint Vincent and the Grenadines 798
 Western Samoa 752
 Dominica 523
 Tonga 508
 São Tomé and Príncipe 485
 Micronesia 401
 Marshall Islands 234
 Kiribati 231
 Palau 229
 Nauru 133
 Tuvalu 57
Country/Territory GDP
(US$ M)
 World 87,813,420
 United States 21,433,226
 China[n 9] 14,342,903
 Japan 5,081,770
 Germany 3,861,124
 India 2,868,929
 United Kingdom 2,829,108
 France 2,715,518
 Italy 2,003,576
 Brazil 1,839,758
 Canada 1,736,426
 Russia 1,699,877
 South Korea 1,646,739
 Australia 1,396,567
 Spain 1,393,491
 Mexico 1,268,871
 Indonesia 1,119,191
 Netherlands 907,051
 Saudi Arabia 792,967
 Turkey 761,425
 Switzerland 703,082
 Poland 595,858
 Taiwan (2017) 574,905
 Thailand 543,549
 Belgium 533,097
 Sweden 530,884
 Nigeria 448,120
 Argentina 445,445
 Austria 445,075
 Iran (2017) 445,345
 United Arab Emirates 421,142
 Norway 403,336
 Israel 394,652
 Ireland 388,699
 Philippines 376,796
 Singapore 372,063
 Hong Kong (PRC) 365,712
 Malaysia 364,681
 South Africa 351,432
 Denmark 350,104
 Colombia 323,616
 Bangladesh 317,465
 Egypt 303,092
 Pakistan 296,000
 Chile 282,318
 Finland 269,296
 Vietnam 261,921
 Czech Republic 250,681
 Romania 250,077
 Portugal 238,785
 Iraq 234,094
 Peru 226,848
 Greece 209,853
 New Zealand 206,929
 Kazakhstan 181,666
 Qatar 175,838
 Algeria 171,091
 Hungary 163,469
 Ukraine [n 5] 153,781
 Kuwait 134,629
 Morocco[n 10] 119,700
 Ecuador 107,436
 Slovakia 105,080
 Cuba (2018) 100,023
 Ethiopia 95,913
 Kenya 95,503
 Dominican Republic 88,941
 Angola 88,816
 Sri Lanka 84,009
 Guatemala 76,710
 Oman 76,332
 Myanmar 76,086
 Luxembourg 71,105
 Bulgaria 68,559
 Ghana 66,984
 Panama 66,801
 Tanzania[n 11] 63,177
 Belarus 63,080
 Costa Rica 61,801
 Croatia 60,753
 Ivory Coast 58,539
 Uzbekistan 57,921
 Uruguay 56,046
 Lithuania 54,627
 Slovenia 54,174
 Macau (PRC) 53,859
 Libya 52,091
 Lebanon 51,992
 Serbia 51,475
 DR Congo 50,401
 Azerbaijan 48,048
 Jordan 44,503
 Bolivia 40,895
 Turkmenistan (2018) 40,761
 Cameroon 39,007
 Tunisia 38,797
 Bahrain 38,574
 Paraguay 38,145
 Uganda 35,165
 Latvia 34,103
 Estonia 31,471
 Nepal 30,641
 Sudan 30,513
 Cambodia 27,089
 El Salvador 27,023
 Honduras 25,095
 Cyprus[n 12] 24,949
 Papua New Guinea 24,829
 Trinidad and Tobago 24,270
 Iceland 24,188
 Senegal 23,578
 Zambia 23,310
 Zimbabwe 21,441
 Bosnia and Herzegovina 20,164
 Afghanistan 19,291
 Botswana 18,340
 Laos 18,174
 Georgia[n 13] 17,477
 Mali 17,280
 Gabon 16,874
 Jamaica 16,458
 Burkina Faso 15,991
 Mozambique 15,291
 Albania 15,279
 Malta 14,989
 Palestine (2018)[n 7] 14,616
 Benin 14,391
 Haiti 14,332
 Madagascar 14,115
 Mauritius 14,048
 Mongolia 13,997
 Armenia 13,673
 Bahamas 13,579
 Brunei 13,469
 Niger 12,912
 North Macedonia 12,547
 Nicaragua 12,521
 Namibia 12,367
 Guinea 12,297
 Congo 12,267
 Moldova[n 8] 11,969
 Chad 11,315
 Equatorial Guinea 11,027
 Rwanda 10,354
 Kyrgyzstan 8,455
 Tajikistan 8,117
 Kosovo 7,926
 Malawi 7,667
 Mauritania 7,601
 Maldives 5,642
 Montenegro 5,543
 Fiji 5,496
 Togo 5,490
 Barbados 5,209
 Guyana 5,174
 Eswatini 4,472
 Sierra Leone 4,122
 Suriname 3,697
 Djibouti 3,325
 Andorra 3,154
 Liberia 3,071
 Burundi 3,012
 Bhutan 2,531
 Lesotho 2,376
 Central African Republic 2,220
 Saint Lucia 2,122
 East Timor 2,018
 Cape Verde 1,982
 Belize 1,880
 Gambia 1,826
 Seychelles 1,703
 Antigua and Barbuda 1,662
 San Marino (2018) 1,638
 Solomon Islands 1,590
 Guinea-Bissau 1,339
 Grenada 1,211
 Comoros 1,166
 Saint Kitts and Nevis 1,053
 Vanuatu 934
 Samoa 852
 Saint Vincent and the Grenadines 825
 Dominica 582
 Tonga 512
 São Tomé and Príncipe 419
 Micronesia (2018) 402
 Palau 268
 Marshall Islands (2018) 221
 Kiribati 195
 Nauru 118
 Tuvalu 47
Country/Territory GDP
(US$ M)
 World[16] 87,461,674
 United States 21,433,226
 China[n 9] 14,342,933
 Japan 5,082,465
 Germany 3,861,123
 India 2,891,582
 United Kingdom 2,826,441
 France 2,715,518
 Italy 2,003,576
 Brazil 1,847,795
 Canada 1,741,496
 Russia 1,692,930
 South Korea 1,646,539
 Spain 1,393,490
 Australia 1,380,207
 Mexico 1,256,440
 Indonesia 1,119,190
 Netherlands 907,050
 Saudi Arabia 792,966
 Turkey 761,425
 Switzerland 731,425
 Iran 603,779
 Poland 595,862
 Thailand 542,016
 Belgium 533,097
 Sweden 530,883
 Nigeria 474,516
 Argentina 449,663
 Austria 445,075
 United Arab Emirates 421,142
 Norway 403,336
 Ireland 398,590
 Israel 395,098
 Singapore 372,073
 Hong Kong (PRC) 365,710
 Malaysia 364,684
 Philippines 359,354
 South Africa 351,430
 Denmark 350,104
 Colombia 323,802
 Bangladesh 317,465
 Egypt 317,359
 Chile 282,318
 Finland 269,296
 Pakistan 263,000
 Vietnam 261,921
 Czech Republic 250,680
 Romania 250,075
 Portugal 238,785
 Peru 226,850
 Iraq 225,232
 New Zealand 206,936
 Greece 205,326
 Qatar 183,466
 Kazakhstan 181,667
 Algeria 171,157
 Hungary 163,469
 Ukraine[n 5] 153,781
 Venezuela 134,960
 Kuwait 134,623
 Morocco 119,700
 Ecuador 107,435
 Cuba 105,354
 Slovakia 105,079
 Puerto Rico (United States) 104,988
 Kenya 95,501
 Ethiopia 92,750
 Dominican Republic 88,941
 Angola 85,000
 Sri Lanka 84,008
 Myanmar 76,784
 Guatemala 76,710
 Oman 76,331
 Luxembourg 71,104
 Bulgaria 67,925
 Ghana 66,999
 Panama 66,787
 Belarus 63,080
 Costa Rica 61,773
 Tanzania 61,136
 Croatia 60,415
 Ivory Coast 58,539
 Lebanon 56,409
 Uruguay 56,045
 Uzbekistan 57,921
 Lithuania 54,627
 Slovenia 54,174
 Macau (PRC) 53,859
 Serbia 51,475
 Turkmenistan 48,276
 Azerbaijan 48,047
 DR Congo 47,319
 Jordan 44,502
 Bolivia 40,895
 Cameroon 38,861
 Tunisia 38,797
 Bahrain 38,574
 Paraguay 38,086
 Sudan 34,895
 Latvia 34,102
 Uganda 32,609
 Libya 32,600
 Estonia 31,471
 Nepal 30,714
 Cambodia 27,097
 El Salvador 27,022
 Honduras 25,095
 Papua New Guinea 24,969
 Yemen 24,935
 Cyprus 24,565
 Iceland 24,188
 Senegal 23,664
 Trinidad and Tobago 23,208
 Zambia 23,085
 Zimbabwe 21,440
 Syria 20,379
 Bosnia and Herzegovina 20,164
 Laos 18,822
 Botswana 18,340
 Afghanistan 17,876
 Georgia 17,742
 Mali 17,432
 Palestine 17,058
 Gabon 16,887
 North Korea 16,331
 Burkina Faso 15,990
 Jamaica 15,830
 Mozambique 15,296
 Albania 15,278
 Malta 14,863
 Benin 14,403
 Mauritius 14,180
 Madagascar 14,104
 Mongolia 13,852
 Armenia 13,672
 Bahamas 13,578
 Brunei 13,469
 Niger 12,927
 North Macedonia 12,694
 Nicaragua 12,520
 Congo 12,397
 Namibia 12,366
 Guinea 12,354
 Moldova 11,955
 Chad 11,271
 Equatorial Guinea 11,024
 Rwanda 10,355
 New Caledonia (France) 9,879
 Kyrgyzstan 8,454
 Tajikistan 8,333
 Malawi 8,099
 Haiti 8,051
 Kosovo 7,952
 Mauritania 7,593
 Monaco 7,423
 Bermuda (UK) 7,361
 Togo 7,270
 Liechtenstein 6,797
 French Polynesia (France) 6,023
 Cayman Islands (UK) 6,020
 Maldives 5,642
 Montenegro 5,542
 Fiji 5,504
 Barbados 5,209
 Guyana 5,173
 South Sudan 4,959
 Eswatini 4,594
 Sierra Leone 4,121
 Suriname 3,697
 Aruba (Netherlands) 3,293
 Djibouti 3,166
 Andorra 3,154
 Curaçao (Netherlands) 3,101
 Greenland (Denmark) 3,023
 Burundi 3,002
 Liberia 2,582
 Bhutan 2,564
 Lesotho 2,460
 Central African Republic 2,220
 Saint Lucia 2,122
 East Timor 2,017
 Eritrea 1,981
 Cape Verde 1,981
 Belize 1,906
 Gambia 1,822
 Zanzibar (Tanzania) 1,805
 Seychelles 1,698
 Antigua and Barbuda 1,661
 Somalia 1,626
 San Marino 1,602
 Guinea-Bissau 1,322
 Solomon Islands 1,302
 British Virgin Islands (UK) 1,296
 Grenada 1,211
 Turks and Caicos Islands (UK) 1,197
 Comoros 1,165
 Saint Kitts and Nevis 1,050
 Sint Maarten (Netherlands) 1,009
 Vanuatu 906
 Samoa 844
 Saint Vincent and the Grenadines 825
 Dominica 582
 Tonga 508
 São Tomé and Príncipe 421
 Micronesia 414
 Cook Islands (New Zealand) 379
 Anguilla (UK) 379
 Palau 280
 Marshall Islands 237
 Kiribati 194
 Nauru 132
 Montserrat (UK) 67
 Tuvalu 47

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. ^ a b c Figures exclude Republic of Crimea and Sevastopol.
  6. ^ The name used in IMF's report is "Macao SAR".
  7. ^ a b The name used in IMF's an the World Bank's report is "West Bank and Gaza".
  8. ^ a b Excludes data for Transnistria.
  9. ^ a b 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

  1. ^ a b c "World Economic Outlook Database, April 2021". IMF.org. 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". 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. ^ a b 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. ^ [1]
  16. ^ "All countries and regions/subregions (totals) for all years - sorted by region/subregion". United Nations. Retrieved 28 January 2019.
This page was last edited on 17 June 2021, at 22:42
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