List of countries by GDP (nominal)

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

Largest economies in the world by GDP (Nominal) in 2022
according to International Monetary Fund estimates[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. 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 2016; China's economic growth accelerated during this period 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, Palestine, 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 (US$ million) by country
Country/Territory UN Region IMF[1][12] United Nations[13] World Bank[14][15]
Estimate Year Estimate Year Estimate Year
 World - 93,863,851 2021 87,461,674 2020 96,100,091 2021
 United States Americas 25,346,805 2022 20,893,746 2020 22,996,100 2021
 China Asia 19,911,593 [n 2]2022 14,722,801 [n 3]2020 17,734,063 2021
 Japan Asia 4,912,147 2022 5,057,759 2020 4,937,422 2021
 Germany Europe 4,256,540 2022 3,846,414 2020 4,223,116 2021
 India Asia 3,534,743 2022 2,664,749 2020 3,173,398 2021
 United Kingdom Europe 3,376,003 2022 2,764,198 2020 3,186,860 2021
 France Europe 2,936,702 2022 2,630,318 2020 2,937,473 2021
 Canada Americas 2,221,218 2022 1,644,037 2020 1,990,762 2021
 Italy Europe 2,058,330 2022 1,888,709 2020 2,099,880 2021
 Brazil Americas 1,833,274 2022 1,444,733 2020 1,608,981 2021
 Russia Europe 1,829,050 2022 1,483,498 2020 1,775,800 2021
 South Korea Asia 1,804,680 2022 1,637,896 2020 1,798,534 2021
 Australia Oceania 1,748,334 2022 1,423,473 2020 1,542,660 2021
 Iran Asia [n 4]1,739,012 2022 939,316 2020 231,548 2020
 Spain Europe 1,435,560 2022 1,281,485 2020 1,425,277 2021
 Mexico Americas 1,322,740 2022 1,073,439 2020 1,293,038 2021
 Indonesia Asia 1,289,295 2022 1,058,424 2020 1,186,093 2021
 Saudi Arabia Asia 1,040,166 2022 700,118 2020 833,541 2021
 Netherlands Europe 1,013,595 2022 913,865 2020 1,018,007 2021
 Switzerland Europe 841,969 2022 752,248 2020 812,867 2021
 Taiwan Asia 841,209 [n 5]2022 669,324 [16] 2020 668,500 2020
 Poland Europe 699,559 2022 596,618 2020 674,048 2021
 Turkey Asia 692,380 2022 720,098 2020 815,272 2021
 Sweden Europe 621,241 2022 541,064 2020 627,438 2021
 Belgium Europe 609,887 2022 521,861 2020 599,879 2021
 Argentina Americas 564,277 2022 383,067 2020 491,493 2021
 Norway Europe 541,938 2022 362,522 2020 482,437 2021
 Thailand Asia 522,012 2022 501,795 2020 505,982 2021
 Israel Asia 520,703 2022 407,101 2020 481,591 2021
 Ireland Europe 516,146 2022 425,889 2020 498,560 2021
 Nigeria Africa 510,588 2022 429,899 2020 440,777 2021
 United Arab Emirates Asia 501,354 2022 358,869 2020 358,869 2021
 Austria Europe 479,815 2022 433,258 2020 477,083 2021
 Malaysia Asia 439,373 2022 336,664 2020 372,701 2021
 Egypt Africa 435,621 2022 369,309 2020 404,143 2021
 South Africa Africa 426,166 2022 302,141 2020 419,946 2021
 Singapore Asia 424,431 2022 339,988 2020 396,987 2021
 Philippines Asia 411,978 2022 361,489 2020 394,086 2021
 Vietnam Asia 408,947 2022 271,158 2020 362,638 2021
 Denmark Europe 399,100 2022 356,085 2020 397,104 2021
 Bangladesh Asia 396,543 2022 329,484 2020 416,265 2021
 Hong Kong Asia 369,486 [n 6]2022 349,445 2020 368,139 2021
 Colombia Americas 351,281 2022 271,347 2020 314,323 2021
 Pakistan Asia 347,743 2021 257,829 2020 346,343 2021
 Chile Americas 317,594 2022 252,940 2020 317,059 2021
 Finland Europe 297,617 2022 269,751 2020 299,155 2021
 Iraq Asia 297,341 2022 166,757 2020 207,889 2021
 Czech Republic Europe 296,238 2022 245,349 2020 282,341 2021
 Romania Europe 286,509 2022 248,716 2020 284,088 2021
 New Zealand Oceania 257,211 2022 212,044 2020 249,992 2021
 Portugal Europe 251,915 2022 228,539 2020 249,887 2021
 Peru Americas 240,346 2022 203,196 2020 223,250 2021
 Qatar Asia 225,716 2022 146,401 2020 179,571 2021
 Greece Europe 222,770 2022 188,835 2020 216,241 2021
 Ukraine Europe 198,316 [n 7]2021 155,582 [n 7]2020 200,086 2021
 Hungary Europe 197,813 2022 155,808 2020 182,281 2021
 Kazakhstan Asia 193,611 2022 171,082 2020 190,814 2021
 Algeria Africa 193,601 2022 147,689 2020 167,983 2021
 Kuwait Asia 186,610 2022 105,949 2020 105,960 2020
 Morocco Africa 133,062 2022 114,724 [n 8]2020 132,725 2021
 Angola Africa 124,862 2022 62,307 2020 72,547 2021
 Slovakia Europe 118,434 2022 105,173 2020 114,871 2021
 Puerto Rico Americas 116,762 2022 103,138 2020 103,138 2020
 Ecuador Americas 115,462 2022 98,808 2020 106,166 2021
 Kenya Africa 114,679 2022 101,014 2020 110,347 2021
 Oman Asia 110,127 2022 63,368 2020 85,869 2021
 Dominican Republic Americas 109,080 2022 78,845 2020 94,244 2021
 Cuba Americas — 107,352 2020 107,352 2020
 Ethiopia Africa 105,325 2022 96,611 2020 111,271 2021
 Guatemala Americas 91,019 2022 77,605 2020 85,986 2021
 Bulgaria Europe 89,533 2022 69,888 2020 80,271 2021
 Luxembourg Europe 86,898 2022 73,353 2020 86,711 2021
 Sri Lanka Asia 81,934 2022 80,677 2020 84,519 2021
 Tanzania Africa 77,506 2022 64,740 [n 9]2020 67,775 2021
 Turkmenistan Asia 76,591 2022 42,845 2020 45,231 2019
 Ghana Africa 73,894 2022 68,532 2020 77,594 2021
 Azerbaijan Asia 73,369 2022 42,607 2020 54,622 2021
 Uzbekistan Asia 73,060 2022 57,707 2020 69,239 2021
 Ivory Coast Africa 73,047 2022 61,143 2020 69,765 2021
 Panama Americas 70,492 2022 52,938 2020 63,605 2021
 Lithuania Europe 69,782 2022 56,547 2020 65,504 2021
 Croatia Europe 69,459 2022 57,204 2020 67,838 2021
 Myanmar Asia 69,262 2022 70,284 2020 65,068 2021
 Costa Rica Americas 65,314 2022 61,521 2020 64,282 2021
 Serbia Europe 65,037 2022 53,335 2020 63,068 2021
 DR Congo Africa 64,795 2022 45,308 2020 53,959 2021
 Uruguay Americas 64,283 2022 53,629 2020 59,320 2021
 Slovenia Europe 63,647 2022 53,590 2020 61,526 2021
 Lebanon Asia 27,320 2020 63,546 2020 18,077 2021
 Belarus Europe 59,394 2022 60,259 2020 68,219 2021
 Venezuela Americas 49,086 2022 106,359 2020 482,359 2014
 Libya Africa 48,773 2022 29,153 2020 41,880 2021
 Jordan Asia 47,745 2022 43,697 2020 45,244 2021
 Uganda Africa 46,377 2022 38,702 2020 40,435 2021
 Cameroon Africa 45,713 2022 39,881 2020 45,239 2021
 Tunisia Africa 45,642 2022 39,218 2020 46,840 2021
 Bahrain Asia 44,169 2022 33,904 2020 38,869 2021
 Paraguay Americas 41,935 2022 35,304 2020 38,987 2021
 Bolivia Americas 41,032 2022 36,573 2020 40,408 2021
 Latvia Europe 40,266 2022 33,707 2020 38,873 2021
 Estonia Europe 37,202 2022 30,650 2020 36,263 2021
 Zimbabwe Africa 36,387 2022 21,787 2020 26,218 2021
 Nepal Asia 36,315 2022 33,079 2020 36,289 2021
 Brunei Asia 35,555 2022 12,003 2020 14,007 2021
 Macau Asia 35,246 [n 10]2022 24,333 2020 29,905 2021
 Sudan Africa 31,460 2022 62,057 2020 34,326 2021
 El Salvador Americas 30,720 2022 24,639 2020 28,737 2021
 Honduras Americas 30,116 2022 23,828 2020 28,489 2021
 Papua New Guinea Oceania 29,919 2022 23,619 2020 26,594 2021
 Senegal Africa 28,435 2022 24,412 2020 27,625 2021
 Yemen Asia 28,134 2022 27,958 2020 21,062 2021
 Cambodia Asia 28,020 2022 25,291 2020 26,961 2021
 Iceland Europe 27,865 2022 21,718 2020 25,459 2021
 Cyprus Europe 27,726 2022 24,612 [n 11]2020 27,719 2021
 Zambia Africa 26,665 2022 18,111 2020 21,203 2021
 Trinidad and Tobago Americas 25,342 2022 21,393 2020 21,392 2021
 Bosnia and Herzegovina Europe 23,358 2022 19,801 2020 22,572 2021
 Gabon Africa 22,456 2022 15,111 2020 18,269 2021
 Guinea Africa 20,952 2022 15,490 2020 15,851 2021
 Georgia Asia 20,889 2022 15,892 2020 18,700 [n 12]2021
 Haiti Americas 20,168 2022 15,505 2020 20,944 2021
 Afghanistan Asia 20,136 2021 19,793 2020 20,116 2020
 Palestine Asia 19,698 [n 13]2022 15,561 [n 13]2020 18,037 2021
 Burkina Faso Africa 19,621 2022 17,369 2020 19,738 2021
 Mali Africa 19,264 2022 17,332 2020 19,144 2021
 Botswana Africa 18,426 2022 15,782 2020 17,614 2021
 Benin Africa 18,387 2022 15,205 2020 17,786 2021
 Mongolia Asia 18,102 2022 13,137 2020 15,098 2021
 Mozambique Africa 18,091 2022 14,029 2020 16,096 2021
 Albania Europe 17,942 2022 14,910 2020 18,260 2021
 Laos Asia 17,347 2022 19,082 2020 18,827 2021
 Malta Europe 17,251 2022 14,911 2020 17,190 2021
 Equatorial Guinea Africa 16,335 2022 10,022 2020 12,269 2021
 Congo Africa 15,951 2022 10,100 2020 12,524 2021
 North Korea Asia — 15,847 2020 —
 Nicaragua Americas 15,764 2022 12,621 2020 14,013 2021
 Jamaica Americas 15,721 2022 13,812 2020 13,638 2021
 Niger Africa 15,620 2022 13,741 2020 14,951 2021
 Syria Asia 60,043 2010 15,572 2020 21,446 2018
 Madagascar Africa 14,616 2022 13,008 2020 14,637 2021
 North Macedonia Europe 14,198 2022 12,264 2020 13,879 2021
 Armenia Asia 14,047 2022 12,641 2020 13,861 2021
 Moldova Europe 13,811 [n 14]2022 11,914 [n 14]2020 13,679 2021
 Guyana Americas 13,543 2022 5,471 2020 7,409 2021
 Namibia Africa 13,019 2022 10,710 2020 12,236 2021
 Chad Africa 12,938 2022 11,154 2020 11,780 2021
 Bahamas Americas 12,627 2022 9,908 2020 11,209 2021
 Rwanda Africa 12,060 2022 10,332 2020 11,070 2021
 Malawi Africa 12,042 2022 11,762 2020 12,627 2021
 Mauritius Africa 11,263 2022 10,921 2020 11,157 2021
 New Caledonia Oceania — 9,709 2020 9,436 2020
 Kosovo Europe 9,660 2022 7,734 2020 9,007 2021
 Mauritania Africa 9,280 2022 7,916 2020 8,228 2021
 Kyrgyzstan Asia 9,017 2022 7,736 2020 8,543 2021
 Togo Africa 8,699 2022 7,146 2020 8,413 2021
 Somalia Africa 8,491 2022 1,873 2020 7,293 2021
 Tajikistan Asia 7,820 2022 7,997 2020 8,746 2021
 Bermuda Americas — 7,719 2020 7,081 2021
 Liechtenstein Europe — 6,872 2020 6,427 2019
 Monaco Europe — 6,816 2020 6,816 2020
 Cayman Islands Americas — 6,256 2020 5,609 2020
 Montenegro Europe 6,018 2022 4,789 2020 5,809 2021
 Guam Oceania — — 5,844 2020
 French Polynesia Oceania — 5,817 2020 5,669 2020
 South Sudan Africa 5,730 2022 15,903 2020 11,998 2015
 Barbados Americas 5,530 2022 4,440 2020 4,901 2021
 Maldives Asia 5,502 2022 3,743 2020 4,890 2021
 Fiji Oceania 5,172 2022 4,494 2020 4,592 2021
 Eswatini Africa 4,646 2022 3,835 2020 4,941 2021
 Sierra Leone Africa 4,268 2022 3,787 2020 4,200 2021
 Djibouti Africa 3,836 2022 3,423 2020 3,371 2021
 Liberia Africa 3,829 2022 2,481 2020 3,487 2021
 Burundi Africa 3,431 2022 3,399 2020 2,902 2021
 Andorra Europe 3,400 2022 2,864 2020 3,330 2021
 Aruba Americas 3,229 2022 2,497 2020 2,497 2020
 Greenland Americas — 3,130 2020 3,076 2020
 Suriname Americas 2,988 2022 4,120 2020 2,862 2021
 Bhutan Asia 2,653 2022 2,483 2020 2,315 2020
 Central African Republic Africa 2,645 2022 2,323 2020 2,517 2021
 Curaçao Americas — 2,596 2020 2,496 2020
 Eritrea Africa 2,568 2022 2,084 2020 2,065 2011
 Lesotho Africa 2,561 2022 2,273 2020 2,519 2021
 Gambia Africa 2,166 2022 1,830 2020 2,078 2021
 Saint Lucia Americas 2,082 2022 1,617 2020 1,765 2021
 Cape Verde Africa 1,997 2022 1,704 2020 1,936 2021
 Belize Americas 1,991 2022 1,586 2020 1,790 2021
 East Timor Asia 1,920 2022 1,902 2020 1,959 2021
 Seychelles Africa 1,750 2022 1,059 2020 1,320 2021
 Zanzibar Africa — 1,724 2020 —
 San Marino Europe 1,698 2022 1,555 2020 1,545 2020
 Solomon Islands Oceania 1,669 2022 1,546 2020 1,645 2021
 Guinea-Bissau Africa 1,656 2022 1,315 2020 1,639 2021
 Antigua and Barbuda Americas 1,621 2022 1,370 2020 1,471 2021
 British Virgin Islands Americas — 1,492 2020 —
 Comoros Africa 1,310 2022 1,235 2020 1,328 2021
 Grenada Americas 1,192 2022 1,043 2020 1,122 2021
 Northern Mariana Islands Oceania — — 1,182 2019
 Saint Kitts and Nevis Americas 1,114 2022 927 2020 976 2021
 Vanuatu Oceania 1,015 2022 855 2020 984 2021
 Saint Vincent and the Grenadines Americas 953 2022 810 2020 890 2021
 Turks and Caicos Islands Americas — 925 2020 943 2021
 Sint Maarten Americas — 857 2020 1,186 2018
 Samoa Oceania 816 2022 772 2020 788 2021
 American Samoa Oceania — — 709 2020
 Dominica Americas 635 2022 507 2020 546 2021
 Tonga Oceania 528 2022 491 2020 489 2020
 São Tomé and Príncipe Africa 526 2022 476 2020 547 2021
 Micronesia Oceania 427 2022 403 2020 404 2021
 Cook Islands Oceania — 283 2020 —
 Marshall Islands Oceania 267 2022 244 2020 249 2021
 Anguilla Americas — 258 2020 —
 Palau Oceania 244 2022 264 2020 258 2020
 Kiribati Oceania 216 2022 181 2020 181 2020
 Nauru Oceania 134 2022 135 2020 133 2021
 Montserrat Americas — 68 2020 —
 Tuvalu Oceania 66 2022 55 2020 63 2021

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 the special administrative regions of Hong Kong and Macau.
  3. ^ Figures exclude the special administrative regions of Hong Kong and Macau.
  4. ^ Note the IMF converts Iran's nominal GDP using the official exchange rate of the rial. Kazemzadeh, Masoud (9 May 2022). The Iran National Front and the Struggle for Democracy: 1949–Present. Walter de Gruyter GmbH & Co KG. pp. 134–140. ISBN 9783110782158. Retrieved 27 June 2022. Looking at the market exchange rate of Iran's national currency, the rial, would be a better way to capture the decline of Iran's economy.
  5. ^ The name used in IMF's report is "Taiwan Province of China".
  6. ^ The name used in the IMF's report is "Hong Kong SAR".
  7. ^ a b Figures exclude the Republic of Crimea and Sevastopol.
  8. ^ Includes Western Sahara.
  9. ^ The UN figure excludes the autonomous region of Zanzibar.
  10. ^ The name used in the IMF's report is "Macao SAR".
  11. ^ Data are for the area controlled by the Government of the Republic of Cyprus.
  12. ^ Excludes Abkhazia and South Ossetia.
  13. ^ a b The name used in the IMF's and the World Bank's report is "West Bank and Gaza".
  14. ^ a b Excludes data for Transnistria.

References

  1. ^ a b c "World Economic Outlook Database, April 2022". IMF.org. International Monetary Fund. 19 April 2022. Retrieved 19 April 2022.
  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). "Gross Domestic Product: An Economy's All". Finance & Development. International Monetary Fund. Retrieved 31 May 2014.
  6. ^ Frum, David (24 December 2014). "The Real Story of How America Became an Economic Superpower". The Atlantic. Retrieved 16 February 2022.
  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. Taylor & Francis. ISBN 9781563242786. 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. 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. ^ "World Economic Outlook Database, April 2022". IMF.org. International Monetary Fund. 19 April 2022. Retrieved 19 April 2022.
  13. ^ "United Nations Statistics Division - National Accounts". unstats.un.org.
  14. ^ "GDP (current US$) | Data". data.worldbank.org. Retrieved 2 July 2021.
  15. ^ "GDP-Countries-List". tradingeconomics.com. Retrieved 24 October 2021.
  16. ^ "GDP: Preliminary Estimate for 2021 Q3, and outlook for 2021-22" (PDF). eng.stat.gov.tw. Directorate General of Budget, Accounting and Statistics. Retrieved 20 January 2022.
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