Jump to content

List of countries by GDP (nominal)

Page semi-protected
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Abdur Rahim 009875 (talk | contribs) at 20:17, 31 May 2023 (→‎Table). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

For countries by GDP based on purchasing power parity, see List of countries by GDP (PPP).
For countries by GDP per capita, see List of countries by GDP (nominal) per capita.

Largest economies in the world by GDP (nominal) in 2023
according to International Monetary Fund estimates[n 1][1]
Countries by nominal GDP in 2019[n 2]
  > $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. Other metrics, nominal GDP per capita and a corresponding GDP (PPP) per capita are used for comparing national standard of living. On the whole, PPP per capita figures are less spread than nominal GDP per capita figures.[5]

The rankings of national economies have changed considerably over time, the United States surpassed the British Empire's output around 1916,[6] which in turn had surpassed the Qing dynasty in aggregate output decades earlier.[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 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.[8][1][11] Among others, India has also experienced an economic boom since the implementation of economic liberalisation in the early 1990s.[12]

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 and Taiwan) are included in the list where they appear in the sources.

Table

The table initially ranks each country or territory with their latest available estimates, and can be reranked by either of the sources

The links in the "Country/Territory" row of the following table link to the article on the GDP or the economy of the respective country or territory.

GDP (USD million) by country
Country/Territory UN region IMF[1][13] World Bank[14] United Nations[15]
Estimate Year Estimate Year Estimate Year
 World — 105,568,776 2023 96,513,077 2021 85,328,323 2020
 United States Americas 26,854,599 2023 22,996,100 2021 23,315,081 2021
 China Asia 19,373,586 [n 1]2023 17,734,063 [n 3]2021 17,734,131 [n 1]2021
 Japan Asia 4,409,738 2023 4,937,422 2021 4,940,878 2021
 Germany Europe 4,308,854 2023 4,223,116 2021 4,259,935 2021
 India Asia 3,736,882 2023 3,173,398 2021 3,201,471 2021
 United Kingdom Europe 3,158,938 2023 3,186,860 2021 3,131,378 2021
 France Europe 2,923,489 2023 2,937,473 2021 2,957,880 2021
 Italy Europe 2,169,745 2023 2,107,703 2021 2,107,703 2021
 Canada Americas 2,089,672 2023 1,988,336 2021 1,988,336 2021
 Brazil Americas 2,081,235 2023 1,608,981 2021 1,608,981 2021
 Russia Europe 2,062,649 2023 1,775,800 2021 1,778,782 2021
 South Korea Asia 1,721,909 2023 1,798,534 2021 1,810,966 2021
 Australia Oceania 1,707,548 2023 1,542,660 2021 1,734,532 2021
 Mexico Americas 1,663,164 2023 1,293,038 2021 1,272,839 2021
 Spain Europe 1,492,432 2023 1,425,277 2021 1,427,381 2021
 Indonesia Asia 1,391,778 2023 1,186,093 2021 1,186,093 2021
 Netherlands Europe 1,080,880 2023 1,018,007 2021 1,012,847 2021
 Saudi Arabia Asia 1,061,902 2023 833,541 2021 833,541 2021
 Turkey Asia 1,029,303 2023 815,272 2021 819,034 2021
 Switzerland Europe 869,601 2023 812,867 2021 812,867 2021
 Taiwan Asia 790,728 [n 4]2023 — 669,324 [16]2020
 Poland Europe 748,887 2023 674,048 2021 596,618 2020
 Argentina Americas 641,102 2023 491,493 2021 383,067 2020
 Belgium Europe 624,248 2023 599,879 2021 521,861 2020
 Sweden Europe 599,052 2023 627,438 2021 541,064 2020
 Ireland Europe 594,095 2023 498,560 2021 425,889 2020
 Thailand Asia 574,231 2023 505,982 2021 501,795 2020
 Norway Europe 554,105 2023 482,437 2021 362,522 2020
 Israel Asia 539,223 2023 481,591 2021 407,101 2020
 Singapore Asia 515,548 2023 396,987 2021 339,988 2020
 Austria Europe 515,199 2023 477,083 2021 433,258 2020
 Nigeria Africa 506,601 2023 440,777 2021 429,899 2020
 United Arab Emirates Asia 498,978 2023 358,869 2021 358,869 2020
 Vietnam Asia 449,094 2023 362,638 2021 271,158 2020
 Malaysia Asia 447,026 2023 372,701 2021 336,664 2020
 Philippines Asia 440,901 2023 394,086 2021 361,489 2020
 Bangladesh Asia 453,516 2023 416,265 2021 329,484 2020
 Denmark Europe 405,626 2023 397,104 2021 356,085 2020
 South Africa Africa 399,015 2023 419,946 2021 302,141 2020
 Hong Kong Asia 382,854 [n 5]2023 368,139 2021 349,445 2020
 Egypt Africa 378,110 2023 404,143 2021 369,309 2020
 Pakistan Asia 376,493 2022 346,343 2021 257,829 2020
 Iran Asia 367,970 2023 359,713 2021 594,892 2021
 Chile Americas 358,557 2023 317,059 2021 252,940 2020
 Romania Europe 348,902 2023 284,088 2021 248,716 2020
 Colombia Americas 334,689 2023 314,323 2021 271,347 2020
 Czech Republic Europe 330,483 2023 282,341 2021 245,349 2020
 Finland Europe 301,670 2023 299,155 2021 269,751 2020
 Peru Americas 268,235 2023 223,250 2021 203,196 2020
 Iraq Asia 267,893 2023 207,889 2021 166,757 2020
 Portugal Europe 267,721 2023 249,887 2021 228,539 2020
 New Zealand Oceania 251,969 2023 249,992 2021 212,044 2020
 Kazakhstan Asia 245,695 2023 190,814 2021 171,082 2020
 Greece Europe 239,300 2023 216,241 2021 188,835 2020
 Qatar Asia 219,570 2023 179,571 2021 146,401 2020
 Algeria Africa 206,007 2023 167,983 2021 147,689 2020
 Hungary Europe 188,505 2023 182,281 2021 155,808 2020
 Kuwait Asia 164,713 2023 105,960 2020 105,949 2020
 Ethiopia Africa 156,083 2023 111,271 2021 96,611 2020
 Ukraine Europe 148,712 [n 6]2023 200,086 [n 6]2021 155,582 [n 6]2020
 Morocco Africa 138,781 2023 132,725 2021 114,724 [n 7]2020
 Slovakia Europe 127,533 2023 114,871 2021 105,173 2020
 Ecuador Americas 121,291 2023 106,166 2021 98,808 2020
 Dominican Republic Americas 121,289 2023 94,244 2021 78,845 2020
 Puerto Rico Americas 120,838 2023 106,526 2021 103,138 2020
 Kenya Africa 118,130 2023 110,347 2021 101,014 2020
 Angola Africa 117,877 2023 72,547 2021 62,307 2020
 Cuba Americas — 107,352 2020 107,352 2020
 Oman Asia 104,902 2023 85,869 2021 63,368 2020
 Guatemala Americas 102,309 2023 85,986 2021 77,605 2020
 Bulgaria Europe 100,635 2023 80,271 2021 69,888 2020
 Venezuela Americas 96,628 2023 482,359 2014 106,359 2020
 Uzbekistan Asia 92,332 2023 69,239 2021 57,707 2020
 Luxembourg Europe 86,971 2023 86,711 2021 73,353 2020
 Tanzania Africa 85,421 2023 67,775 2021 64,740 [n 8]2020
 Turkmenistan Asia 82,649 2023 45,231 2019 42,845 2020
 Croatia Europe 78,881 2023 67,838 2021 57,204 2020
 Lithuania Europe 78,346 2023 65,504 2021 56,547 2020
 Costa Rica Americas 77,777 2023 64,282 2021 61,521 2020
 Uruguay Americas 77,313 2023 59,320 2021 53,629 2020
 Panama Americas 77,257 2023 63,605 2021 52,938 2020
 Ivory Coast Africa 77,047 2023 69,765 2021 61,143 2020
 Sri Lanka Asia 75,296 2022 84,519 2021 80,677 2020
 Serbia Europe 73,961 2023 63,068 2021 53,335 2020
 Belarus Europe 73,543 2023 68,219 2021 60,259 2020
 Azerbaijan Asia 70,030 2023 54,622 2021 42,607 2020
 DR Congo Africa 69,474 2023 53,959 2021 45,308 2020
 Slovenia Europe 68,108 2023 61,526 2021 53,590 2020
 Ghana Africa 66,622 2023 77,594 2021 68,532 2020
 Myanmar Asia 63,988 2023 65,068 2021 70,284 2020
 Jordan Asia 52,061 2023 45,244 2021 43,697 2020
 Tunisia Africa 49,815 2023 46,840 2021 39,218 2020
 Uganda Africa 49,792 2023 40,435 2021 38,702 2020
 Cameroon Africa 48,625 2023 45,239 2021 39,881 2020
 Latvia Europe 47,398 2023 38,873 2021 33,707 2020
 Sudan Africa 46,705 2023 34,326 2021 62,057 2020
 Libya Africa 46,297 2023 41,880 2021 29,153 2020
 Bolivia Americas 46,097 2023 40,408 2021 36,573 2020
 Bahrain Asia 44,870 2023 38,869 2021 33,904 2020
 Paraguay Americas 42,820 2023 38,987 2021 35,304 2020
 Nepal Asia 42,097 2023 36,289 2021 33,079 2020
 Estonia Europe 41,551 2023 36,263 2021 30,650 2020
 Macau Asia 35,841 [n 9]2023 29,905 2021 24,333 2020
 El Salvador Americas 33,752 2023 28,737 2021 24,639 2020
 Honduras Americas 32,860 2023 28,489 2021 23,828 2020
 Papua New Guinea Oceania 31,362 2023 26,594 2021 23,619 2020
 Senegal Africa 31,221 2023 27,625 2021 24,412 2020
 Cyprus Asia 30,864 [n 10]2023 27,719 [n 10]2021 24,612 [n 10]2020
 Cambodia Asia 30,628 2023 26,961 2021 25,291 2020
 Zimbabwe Africa 29,931 2023 26,218 2021 21,787 2020
 Zambia Africa 29,272 2023 21,203 2021 18,111 2020
 Iceland Europe 28,625 2023 25,459 2021 21,718 2020
 Bosnia and Herzegovina Europe 28,488 2023 22,572 2021 19,801 2020
 Trinidad and Tobago Americas 28,223 2023 21,392 2021 21,393 2020
 Georgia Europe 27,947 [n 11]2023 18,700 [n 11]2021 15,892 [n 11]2020
 Haiti Americas 26,580 2023 20,944 2021 15,505 2020
 Lebanon Asia 24,494 2020 18,077 2021 63,546 2020
 Armenia Asia 23,725 2023 13,861 2021 12,641 2020
 Guinea Africa 23,330 2023 15,851 2021 15,490 2020
 Burkina Faso Africa 21,076 2023 19,738 2021 17,369 2020
 Mali Africa 20,776 2023 19,144 2021 17,332 2020
 Gabon Africa 20,330 2023 18,269 2021 15,111 2020
 Albania Europe 20,177 2023 18,260 2021 14,910 2020
 Afghanistan Asia 20,136 2020 14,787 2021 19,793 2020
 Mozambique Africa 19,909 2023 16,096 2021 14,029 2020
 Palestine Asia 19,698 [n 12]2022 18,037 [n 12]2021 15,561 [n 13]2020
 Botswana Africa 19,572 2023 17,614 2021 15,782 2020
 Yemen Asia 19,529 2023 21,062 2021 27,958 2020
 Malta Europe 19,405 2023 17,190 2021 14,911 2020
 Benin Africa 19,236 2023 17,786 2021 15,205 2020
 Nicaragua Americas 17,287 2023 14,013 2021 12,621 2020
 Jamaica Americas 17,254 2023 13,638 2021 13,812 2020
 Mongolia Asia 16,908 2023 15,098 2021 13,137 2020
 Niger Africa 16,617 2023 14,951 2021 13,741 2020
 Guyana Americas 16,309 2023 7,409 2021 5,471 2020
 Brunei Asia 15,988 2023 14,007 2021 12,003 2020
 Madagascar Africa 15,969 2023 14,637 2021 13,008 2020
 North Korea Asia — — 15,847 2020
 Moldova Europe 15,829 [n 14]2023 13,679 [n 14]2021 11,914 [n 14]2020
 Syria Asia — 11,080 2020 15,572 2020
 North Macedonia Europe 15,278 2023 13,879 2021 12,264 2020
 Equatorial Guinea Africa 15,099 2023 12,269 2021 10,022 2020
 Mauritius Africa 14,570 2023 11,157 2021 10,921 2020
 Bahamas Americas 14,114 2023 11,209 2021 9,908 2020
 Laos Asia 14,091 2023 18,827 2021 19,082 2020
 Namibia Africa 13,486 2023 12,236 2021 10,710 2020
 Rwanda Africa 13,149 2023 11,070 2021 10,332 2020
 Congo Africa 13,031 2023 12,524 2021 10,100 2020
 Tajikistan Asia 12,796 2023 8,746 2021 7,997 2020
 Kyrgyzstan Asia 12,309 2023 8,543 2021 7,736 2020
 Chad Africa 11,962 2023 11,780 2021 11,154 2020
 Malawi Africa 11,277 2023 12,627 2021 11,762 2020
 Mauritania Africa 10,966 2023 8,228 2021 7,916 2020
 New Caledonia Oceania — 10,071 2021 9,709 2020
 Kosovo Europe 9,990 2023 9,007 2021 7,734 2020
 Togo Africa 9,001 2023 8,413 2021 7,146 2020
 Somalia Africa 8,738 2023 7,293 2021 1,873 2020
 Monaco Europe — 8,596 2021 6,816 2020
 Bermuda Americas — 7,081 2021 7,719 2020
 Montenegro Europe 7,027 2023 5,809 2021 4,789 2020
 South Sudan Africa 7,012 2023 11,998 2015 15,903 2020
 Maldives Asia 7,004 2023 4,890 2021 3,743 2020
 Liechtenstein Europe — 6,114 2020 6,872 2020
 Guam Oceania — 6,123 2021 —
 Barbados Americas 6,117 2023 4,901 2021 4,440 2020
 French Polynesia Oceania — 6,055 2021 5,817 2020
 Cayman Islands Americas — 5,898 2021 6,256 2020
 Fiji Oceania 5,385 2023 4,592 2021 4,494 2020
 Eswatini Africa 4,824 2023 4,941 2021 3,835 2020
 Liberia Africa 4,375 2023 3,487 2021 2,481 2020
 Djibouti Africa 3,916 2023 3,371 2021 3,423 2020
 Andorra Europe 3,669 2023 3,330 2021 2,864 2020
 Aruba Americas 3,633 2023 3,126 2021 2,497 2020
 Sierra Leone Africa 3,520 2023 4,200 2021 3,787 2020
 Suriname Americas 3,470 2023 2,862 2021 4,120 2020
 Burundi Africa 3,234 2023 2,902 2021 3,399 2020
 Belize Americas 3,162 2023 1,790 2021 1,586 2020
 Greenland Americas — 3,076 2020 3,130 2020
 Central African Republic Africa 2,736 2023 2,517 2021 2,323 2020
 Curaçao Americas — 2,700 2021 2,596 2020
 Bhutan Asia 2,683 2023 2,540 2021 2,483 2020
 Eritrea Africa 2,666 2023 2,065 2011 2,084 2020
 Lesotho Africa 2,584 2023 2,519 2021 2,273 2020
 Cape Verde Africa 2,468 2023 1,936 2021 1,704 2020
 Gambia Africa 2,277 2023 2,078 2021 1,830 2020
 Saint Lucia Americas 2,262 2023 1,765 2021 1,617 2020
 East Timor Asia 1,988 2023 1,959 2021 1,902 2020
 Seychelles Africa 1,950 2023 1,320 2021 1,059 2020
 Guinea-Bissau Africa 1,887 2023 1,639 2021 1,315 2020
 Antigua and Barbuda Americas 1,864 2023 1,471 2021 1,370 2020
 San Marino Europe 1,807 2023 1,545 2020 1,555 2020
 Zanzibar Africa — — 1,724 2020
 Solomon Islands Oceania 1,701 2023 1,645 2021 1,546 2020
 British Virgin Islands Americas — — 1,492 2020
 Comoros Africa 1,348 2023 1,328 2021 1,235 2020
 Grenada Americas 1,274 2023 1,122 2021 1,043 2020
 Northern Mariana Islands Oceania — 1,182 2019 —
 Vanuatu Oceania 1,064 2023 984 2021 855 2020
 Saint Kitts and Nevis Americas 1,052 2023 976 2021 927 2020
 Saint Vincent and the Grenadines Americas 1,039 2023 890 2021 810 2020
 Turks and Caicos Islands Americas — 943 2021 925 2020
 Samoa Oceania 898 2023 788 2021 772 2020
 Sint Maarten Americas — 1,186 2018 857 2020
 American Samoa Oceania — 709 2021 —
 Dominica Americas 681 2023 546 2021 507 2020
 São Tomé and Príncipe Africa 625 2023 547 2021 476 2020
 Tonga Oceania 541 2023 469 2021 491 2020
 Micronesia Oceania 456 2023 404 2021 403 2020
 Marshall Islands Oceania 291 2023 249 2021 244 2020
 Cook Islands Oceania — — 283 2020
 Palau Oceania 262 2023 218 2021 264 2020
 Anguilla Americas — — 258 2020
 Kiribati Oceania 248 2023 207 2021 181 2020
 Nauru Oceania 151 2023 133 2021 135 2020
 Montserrat Americas — — 68 2020
 Tuvalu Oceania 65 2023 63 2021 55 2020

See also

Countries:

Other entities:

Notes

  1. ^ a b c Figures for China exclude Taiwan, and the special administrative regions of Hong Kong and Macau.
  2. ^ Based on IMF data. If no data is available for a country from the IMF, then data from the United Nations is used.
  3. ^ Figures exclude the special administrative regions of Hong Kong and Macau.
  4. ^ The name used in the IMF report is "Taiwan Province of China".
  5. ^ The name used in the IMF report is "Hong Kong SAR".
  6. ^ a b c Figures exclude the Republic of Crimea and Sevastopol.
  7. ^ Includes Western Sahara.
  8. ^ The UN figure excludes the autonomous region of Zanzibar.
  9. ^ The name used in the IMF report is "Macao SAR".
  10. ^ a b c Data are for the area controlled by the Government of the Republic of Cyprus.
  11. ^ a b c Excludes Abkhazia and South Ossetia.
  12. ^ a b The name used in the IMF and World Bank reports is "West Bank and Gaza".
  13. ^ The name used by UN is "State of Palestine".
  14. ^ a b c Excludes data for Transnistria.

References

  1. ^ a b c "World Economic Outlook Database, April 2023". IMF.org. International Monetary Fund. 10 April 2023. Retrieved 17 April 2023.
  2. ^ "What is GDP and why is it so important?". Investopedia. IAC/InterActiveCorp. 26 February 2009. Archived from the original on 23 May 2016. Retrieved 23 May 2016.
  3. ^ Moffatt, Mike. "A Beginner's Guide to Purchasing Power Parity Theory". About.com. IAC/InterActiveCorp. Archived from the original on 1 March 2017. 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. Archived (PDF) from the original on 28 March 2016. Retrieved 23 May 2016.
  5. ^ Callen, Tim (28 March 2012). "Gross Domestic Product: An Economy's All". Finance & Development. International Monetary Fund. Archived from the original on 11 December 2021. Retrieved 31 May 2014.
  6. ^ Frum, David (24 December 2014). "The Real Story of How America Became an Economic Superpower". The Atlantic. Archived from the original on 16 February 2022. Retrieved 16 February 2022.
  7. ^ Matthews, Chris (5 October 2014). "5 Most Powerful Economic Empires of All Time". Fortune. Time, Inc. Archived from the original on 16 August 2016. 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. Archived from the original on 5 February 2021. Retrieved 28 May 2016.
  9. ^ Kau, Michael Ying-mao (30 September 1993). China in the Era of Deng Xiaoping: A Decade of Reform. Taylor & Francis. ISBN 9781563242786. Archived from the original on 5 February 2021. Retrieved 23 May 2016. {{cite book}}: |work= ignored (help)
  10. ^ Hu, Zuliu; Khan, Mohsin S. (April 1997). "Why Is China Growing So Fast?" (PDF). Economic Issues. International Monetary Fund. Archived (PDF) from the original on 16 April 2016. Retrieved 26 May 2016.
  11. ^ "China GDP growth slows as population crisis, Covid-19 cloud economic outlook". South China Morning Post. 18 January 2022. Archived from the original on 5 December 2022. Retrieved 12 August 2022.
  12. ^ 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. Archived (PDF) from the original on 27 March 2016. Retrieved 23 March 2016.
  13. ^ "WEO Database, April 2023. Report for Selected Countries and Subjects: World, European Union". IMF.org. International Monetary Fund. 10 April 2023. Retrieved 10 April 2023.
  14. ^ "GDP (current US$)". data.worldbank.org. Archived from the original on 13 December 2019. Retrieved 19 October 2022.
  15. ^ "United Nations Statistics Division - National Accounts". unstats.un.org. Archived from the original on 20 September 2022. Retrieved 13 April 2023.
  16. ^ "GDP: Preliminary Estimate for 2021 Q3, and outlook for 2021-22" (PDF). eng.stat.gov.tw. Directorate General of Budget, Accounting and Statistics. Archived (PDF) from the original on 28 December 2021. Retrieved 20 January 2022.
Retrieved from "https://en.wikipedia.org/w/index.php?title=List_of_countries_by_GDP_(nominal)&oldid=1157920335"