List of IMF ranked countries by past and projected GDP (nominal)
This is an alphabetical list of countries by past and future gross domestic product as ranked by the IMF.
- 1 Methodology
- 2 Stability of "Big Four" and long term view
- 3 IMF estimates between 1980 and 1989
- 4 IMF estimates between 1990 and 1999
- 5 IMF estimates between 2000 and 2009
- 6 IMF estimates between 2010 and 2019
- 7 Graphical projection of economies in 2019 by IMF
- 8 Country club trillions
- 9 Long term GDP estimates
- 10 Main source for the data
- 11 References
- 12 External links
Figures are based on official exchange rates, not on the purchasing power parity (PPP) methodology. Values are given in millions of United States dollars (USD) and have not been adjusted for inflation. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2014 edition.
Stability of "Big Four" and long term view
The biggest four economies have been extremely stable in international nominal GDP rankings, as compared to those outside the grouping, which tend to swap places almost annually with booms and busts and currency rises and falls. For the "Big Four", there were only 3 major ranking changes in the period from the 1960 to 2015 (55 years), and these one-time changes have been retained. The Big Four economies were, ordered by size, (1960-1990): USA, Soviet Union (not listed in these particular tables), West Germany, and Japan, Japan having passed West Germany in 1967. In the 1990s, with the dissolution of the Soviet Union, the Big Four became the Big Three. The last change was the addition and fast rise of China, to which has joined the Big Four since 2008 when it passed Germany, and 2010 when it passed Japan. Excluding the addition of China and the removal of the Soviet Union, the Big Four ranking has remained essentially unchanged since 1967 visavis each other and overall, even accounting for the unification of Germany, Japan's 2 decade long malaise, and throughout the United States' energy shocks, wars, tech bubble, and housing crises. This highly contrasts with nations outside the Big Four grouping, as one can see from the IMF tables below, the nations that occupy the fifth to the fifteenth spots swapping places back and forth, annual rankings having changing every year and had been comparatively very volatile. These include the economies of Russia, Brazil, Canada, Australia, UK, France, Italy, Spain, Mexico and India, all of which are yet again experiencing large revisions in rankings in 2015 (being affected by the strong US dollar).
IMF estimates between 1980 and 1989
IMF estimates between 1990 and 1999
IMF estimates between 2000 and 2009
IMF estimates between 2010 and 2019
Graphical projection of economies in 2019 by IMF
Nominal GDP (billions in USD)
|(---) European Union||
|(01) United States||
|(05) United Kingdom||
|(12) South Korea||
|(19) Saudi Arabia||
|Rest of the World||
Economies by nominal GDP in 2019, as per IMF in October 2014.
Country club trillions
|1 trillion USD||2 trillion USD||3 trillion USD||4 trillion USD||5 Trillion USD||8 trillion USD||10 trillion USD||15 trillion USD||20 trillion USD|
|Year achieved||Country||Year achieved||Country||Year achieved||Country||Year achieved||Country||Year achieved||Country||Year achieved||Country||Year achieved||Country||Year achieved||Country||Year achieved||Country|
|1969||United States||1977||United States||1981||United States||1984||United States||1988||United States||1996||United States||1999||United States||2011||United States||2017 (est.)||United States|
|N/A||Soviet Union||N/A||Soviet Union||1988||Japan||1993||Japan||1995||Japan||2012||China||2014||China||2019 (est.)||China|
|1986||West Germany||1992||Germany||2007||Germany||2016 (est.)||Germany|
|1988||France||2004||United Kingdom||2015 (est.)||United Kingdom|
|1990||United Kingdom||2005||China||2019 (est.)||India|
|2006||South Korea||2017 (est.)||Canada|
|2007||Russia||2019 (est.)||South Korea|
Long term GDP estimates
The following table is an estimate for the largest 20 economies in 2014, 2019, 2024, and 2030 made by Centre for Economics and Business Research in December 2014.
|1||United States||17,528||United States||22,090||United States||27,199||China||43,637|
|6||France||2,827||United Kingdom||2,953||Brazil||3,899||United Kingdom||4,421|
|18||Saudi Arabia||773||Saudi Arabia||869||Saudi Arabia||1,071||Sweden||1,526|
|1||United States||17,426||United States||20,310||China||26,667||China||53,553|
|2||China||10,355||China||15,855||United States||25,451||United States||41,384|
|13||South Korea||1,449||Mexico||1,565||South Korea||2,557||Saudi Arabia||4,481|
|19||Saudi Arabia||778||Saudi Arabia||862||Nigeria||1,756||Australia||2,903|
|2||China||5.9||United States||23.3||United States||38.2|
Main source for the data
- International Monetary Fund (IMF), World Economic Outlook (WEO) Database, October 2014 Edition, Gross Domestic Product, current prices, (Millions of) U.S. dollars.
- Figures from the October 2014 update of the International Monetary Fund's World Economic Outlook Database. Figure for EU, accessed 7 October 2014. Figures for the countries of the world, accessed 7 October 2014.
- "Report for Selected Countries and Subjects". World Economic Outlook Database, October 2014. International Monetary Fund. Retrieved 7 October 2014.
- "UN national Acocounts Database". Unstats.un.org. Retrieved 2014-08-24.
- Data. "World Bank WDI Data". Data.worldbank.org. Retrieved 2014-08-24.
- "Cebr’s World Economic League Table" Centre for Economics and Business Research, December 2014.
- "PwC The World in 2050" PwC The World in 2050, January 2013.
- "Size of UK economy to overtake France by 2020 and narrow the gap with Germany by 2030" – PricewaterhouseCoopers, July 2014, p. 1.
- "The World in 2050Will the shift in globaleconomic power continue?" – PricewaterhouseCoopers, February 2015, p. 42.
- "The Super-Cycle Report" – Standard Chartered, November 2010, p. 21.
- IMF website