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List of countries by GDP (nominal)

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Largest economies by nominal GDP in 2020[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]

The United States is the world's largest economy with a GDP of approximately $20.513 trillion, notably due to high average incomes, a large population,[7] capital investment, low unemployment,[8] high consumer spending,[9] a relatively young population,[10] and technological innovation.[11] Tuvalu is the world's smallest national economy, with a GDP of about $45 million, because of its very small population, a lack of natural resources, reliance on foreign aid, negligible capital investment, demographic problems, and low average incomes.[12]

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.[13][14] Since China's transition to a market-based economy through controlled privatisation and deregulation,[15][16] the country has seen its ranking increase from ninth in 1978 to second to only the United States in 2016 as economic growth accelerated and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016.[14][1] India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s.[17] When supranational entities are included, the European Union is the second largest economy in the world. It was the largest from 2004, when ten countries joined the union,[18] to 2014, after which it was surpassed by the United States.[19]

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 in cases in which they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics.

Lists

Per the International Monetary Fund (2020 estimates)[1] Per the World Bank (2019)[20] Per the United Nations (2018)[21]
Rank Country/Territory GDP
(US$million)
   World[19] 83,844,988
1  United States 20,807,269
2  China[n 2][n 3] 14,860,775
3  Japan 4,910,580
4  Germany 3,780,553
5  United Kingdom 2,638,296
6  India 2,592,583
7  France 2,551,451
8  Italy 1,848,222
9  Canada 1,600,264
10  South Korea 1,586,786
11  Russia[n 4] 1,464,078
12  Brazil 1,363,767
13  Australia 1,334,688
14  Spain 1,247,464
15  Indonesia 1,088,768
16  Mexico 1,040,372
17  Netherlands 886,339
18   Switzerland 707,868
19  Saudi Arabia 680,897
20  Turkey 649,436
 Taiwan[n 5] 635,547
21  Iran 610,662
22  Poland 580,894
23  Sweden 529,054
24  Thailand 509,200
25  Belgium 503,416
26  Nigeria 442,976
27  Austria 432,894
28  Ireland 399,064
29  Israel 383,425
30  Argentina 382,760
31  Philippines 367,362
32  Norway 366,386
33  Egypt 361,875
34  United Arab Emirates 353,899
 Hong Kong[n 6] 341,319
35  Vietnam 340,602
36  Denmark 339,626
37  Singapore 337,451
38  Malaysia 336,330
39  Bangladesh 317,768
40  Pakistan (2019) 284,200
41  South Africa 282,588
42  Finland 267,856
43  Colombia 264,933
44  Romania 248,624
45  Chile 245,414
46  Czech Republic 241,975
47  Portugal 221,716
48  Peru 195,761
49  Greece 194,376
50  New Zealand 193,545
51  Iraq 178,112
52  Kazakhstan 165,730
53  Hungary 149,939
54  Qatar 147,791
55  Algeria 147,323
56  Ukraine 142,250
57  Morocco 112,220
58  Kuwait 108,656
59  Slovakia 101,892
60  Kenya 101,048
61  Ethiopia 95,588
 Puerto Rico 93,968
63  Ecuador 93,078
64  Sri Lanka 81,120
65  Dominican Republic 77,883
66  Guatemala 76,191
67  Myanmar 70,890
68  Luxembourg 68,613
69  Bulgaria 67,917
70  Ghana 67,337
71  Tanzania 64,123
72  Angola 62,724
73  Oman 62,305
74  Côte d'Ivoire 61,502
75  Panama 60,286
76  Uzbekistan 59,771
77  Costa Rica 59,645
78  Belarus 57,708
79  Croatia 56,768
80  Lithuania 55,064
81  Uruguay 54,135
82  Serbia 51,999
83  Slovenia 51,802
84  Venezuela 48,610
85  Turkmenistan 47,986
86  Congo, Democratic Republic of the 46,062
87  Jordan 42,609
88  Azerbaijan 41,666
89  Tunisia 39,226
90  Cameroon 39,036
91  Bolivia 38,938
92  Uganda 37,733
93  Paraguay 35,606
94  Bahrain 34,624
95  Latvia 33,015
96  Sudan 32,576
97    Nepal 32,158
98  Estonia 30,468
99  Cambodia 26,316
 Macau[n 7] 26,348
100  El Salvador 24,784
101  Senegal 24,409
102  Honduras 23,984
103  Papua New Guinea 23,283
104  Cyprus 23,246
105  Trinidad and Tobago 22,718
106  Libya 21,805
107  Yemen 20,948
108  Iceland 20,805
109  Afghanistan 19,006
110  Zambia 18,909
111  Bosnia and Herzegovina 18,893
112  Lebanon 18,734
113  Laos 18,653
114  Mali 17,685
115  Georgia 16,316
116  Burkina Faso 16,082
117  Botswana 15,872
118  Benin 15,292
119  Gabon 15,145
120  West Bank and Gaza 14,750
121  Mozambique 14,557
122  Malta 14,290
123  Guinea 14,238
124  Jamaica 14,228
125  Madagascar 14,199
126  Albania 14,034
127  Zimbabwe 14,002
128  Mongolia 13,385
129  Niger 12,971
130  Armenia 12,813
131  North Macedonia 12,510
132  Nicaragua 11,905
133  The Bahamas 11,560
134  Mauritius 11,341
135  Moldova 11,241
136  Brunei 10,647
137  Chad 10,510
138  Rwanda 10,428
139  Namibia 10,252
140  Equatorial Guinea 10,028
141  Congo, Republic of the 9,964
142  Haiti 8,347
143  Malawi 8,330
144  Tajikistan 7,898
145  Kosovo 7,484
146  Kyrgyzstan 7,480
147  Mauritania 7,428
148  Guyana 6,806
149  Togo 5,719
150  Montenegro 4,943
151  Somalia 4,918
152  Maldives 4,712
153  Barbados 4,630
154  South Sudan 4,177
155  Sierra Leone 4,140
156  Fiji 3,932
157  Eswatini 3,848
158  Djibouti 3,408
159  Burundi 3,131
160  Liberia 3,068
161  Bhutan 2,587
162  Suriname 2,538
163  Central African Republic 2,321
 Aruba 2,288
164  Eritrea 2,075
165  Timor-Leste 1,920
166  Lesotho 1,906
167  Cabo Verde 1,870
167  The Gambia 1,806
168  Saint Lucia 1,770
169  Belize 1,556
170  Solomon Islands 1,551
171  San Marino 1,410
172  Guinea-Bissau 1,392
173  Antigua and Barbuda 1,389
174  Comoros 1,200
175  Seychelles 1,198
176  Grenada 1,074
177  Saint Kitts and Nevis 871
178  Vanuatu 864
179  Samoa 829
180  Saint Vincent and the Grenadines 777
181  Dominica 545
182  Tonga 503
183  São Tomé and Príncipe 417
184  Micronesia, Federated States of 395
185  Palau 251
186  Marshall Islands 225
187  Kiribati 194
188  Nauru 114
189  Tuvalu 45
 Syria N/a
Rank Country/Territory GDP
(US$million)
   World 87,751,541
1  United States 21,427,700
2  China[n 8] 14,342,903
3  Japan 5,081,770
4  Germany 3,845,630
5  India 2,875,142
6  United Kingdom 2,827,113
7  France 2,715,518
8  Italy 2,001,244
9  Brazil 1,839,758
10  Canada 1,736,426
11  Russia[n 4] 1,699,877
12  South Korea 1,642,383
13  Spain 1,394,116
14  Australia 1,392,681
15  Mexico 1,258,287
16  Indonesia 1,119,191
17  Netherlands 909,070
18  Saudi Arabia 792,967
19  Turkey 754,412
20   Switzerland 703,082
21  Poland 592,164
 Taiwan (2017) 574,905
22  Thailand 543,650
23  Sweden 530,833
24  Belgium 529,607
25  Argentina 449,663
26  Nigeria 448,120
27  Austria 446,315
28  Iran (2017) 445,345
29  United Arab Emirates 421,142
30  Norway 403,336
31  Israel 395,099
32  Ireland 388,699
33  Philippines 376,796
34  Singapore 372,063
 Hong Kong 366,030
35  Malaysia 364,702
36  South Africa 351,432
37  Denmark 348,078
38  Colombia 323,803
39  Egypt 303,175
40  Bangladesh 302,571
41  Chile 282,318
42  Pakistan 278,222
43  Finland 268,761
44  Vietnam 261,921
45  Romania 250,077
46  Czech Republic 246,489
47  Portugal 237,686
48  Iraq 234,094
49  Peru 226,848
50  Greece 209,853
51  New Zealand 206,929
52  Qatar 183,466
53  Kazakhstan 180,162
54  Algeria 169,988
55  Hungary 160,967
56  Ukraine 153,781
57  Kuwait 134,761
58  Morocco[n 9] 118,725
59  Ecuador 107,436
60  Slovak Republic 105,422
-  Puerto Rico 104,989
61  Cuba (2018) 100,023
62  Ethiopia 96,108
63  Kenya 95,503
64  Angola 94,635
65  Dominican Republic 88,941
66  Sri Lanka 84,009
67  Oman 76,983
68  Guatemala 76,710
69  Myanmar 76,086
70  Luxembourg 71,105
71  Bulgaria 67,927
72  Ghana 66,984
73  Panama 66,801
74  Tanzania[n 10] 63,177
75  Belarus 63,080
76  Costa Rica 61,774
77  Croatia 60,416
78  Cote d'Ivoire 58,792
79  Uzbekistan 57,921
80  Uruguay 56,046
81  Lithuania 54,219
-  Macau 53,859
82  Slovenia 53,742
83  Lebanon 53,367
84  Libya 52,076
85  Serbia 51,409
86  Azerbaijan 48,048
87  Congo, Democratic Republic of the 47,320
88  Jordan 43,744
89  Bolivia 40,895
90  Turkmenistan (2018) 40,761
91  Tunisia 38,798
92  Cameroon 38,760
93  Bahrain 38,574
94  Paraguay 38,145
95  Uganda 34,387
96  Latvia 34,117
97  Estonia 31,387
98    Nepal 30,641
99  Cambodia 27,089
100  El Salvador 27,023
101  Honduras 25,095
102  Papua New Guinea 24,970
103  Cyprus[n 11] 24,565
104  Iceland 24,188
105  Trinidad and Tobago 24,100
106  Senegal 23,578
107  Zambia 23,065
108  Zimbabwe 21,441
109  Bosnia and Herzegovina 20,048
110  Afghanistan 19,101
111  Sudan 18,902
112  Botswana 18,341
113  Laos 18,174
114  Georgia[n 12] 17,743
115  Mali 17,510
116  Gabon 16,658
117  Jamaica 16,458
118  Burkina Faso 15,746
119  Albania 15,278
120  Mozambique 14,934
121  Malta 14,786
122  West Bank and Gaza (2018) 14,616
123  Benin 14,391
124  Mauritius 14,180
125  Madagascar 14,084
126  Mongolia 13,853
127  Armenia 13,673
128  Guinea 13,590
129  Brunei 13,469
130  Niger 12,928
131  Bahamas, The 12,827
132  North Macedonia 12,695
133  Nicaragua 12,521
134  Namibia 12,367
135  Moldova[n 13] 11,955
136  Chad 11,315
137  Equatorial Guinea 11,027
138  Congo, Republic of the 10,821
139  Rwanda 10,122
140  Haiti 8,499
141  Kyrgyzstan 8,455
142  Tajikistan 8,117
-  Kosovo 7,926
143  Malawi 7,667
144  Mauritania 7,594
145  Maldives 5,729
146  Fiji 5,536
147  Montenegro 5,495
148  Togo 5,460
149  Barbados 5,209
150  Eswatini 4,405
151  Guyana 4,280
152  Suriname 3,985
153  Sierra Leone 3,941
154  Djibouti 3,319
155  Andorra 3,154
156  Liberia 3,071
157  Burundi 3,012
158  Lesotho 2,460
159  Bhutan (2018) 2,447
160  Central African Republic 2,220
161  Saint Lucia 2,122
162  Cabo Verde 1,982
163  Belize 1,880
164  Gambia, The 1,764
165  Antigua and Barbuda 1,728
166  Seychelles 1,699
167  Timor-Leste 1,674
168  San Marino (2018) 1,638
169  Solomon Islands 1,425
170  Guinea-Bissau 1,340
171  Grenada 1,228
172  Comoros 1,186
173  Saint Kitts and Nevis 1,051
174  Vanuatu 917
175  Samoa 851
176  Saint Vincent and the Grenadines 825
177  Dominica 596
178  Tonga (2018) 450
179  Sao Tome and Principe 429
180  Micronesia, Federated States of (2018) 402
181  Palau (2018) 284
182  Marshall Islands (2018) 221
183  Kiribati 195
184  Nauru 118
185  Tuvalu 47
Rank Country/Territory GDP
(US$million)
   World[22] 85,085,189
1  United States 20,580,223
2  China[n 8] 13,608,152
3  Japan 4,971,323
4  Germany 3,949,549
5  United Kingdom 2,855,297
6  India 2,779,351
7  France 2,778,892
8  Italy 2,084,882
9  Brazil 1,868,613
10  South Korea 1,720,489
11  Canada 1,712,562
12  Russia[n 4] 1,660,514
13  Australia 1,453,871
14  Spain 1,419,735
15  Mexico 1,223,401
16  Indonesia 1,042,173
17  Netherlands 914,105
18  Saudi Arabia 782,484
19  Turkey 771,355
20   Switzerland 705,141
21  Poland 585,661
 Taiwan 579,865
22  Sweden 556,087
23  Belgium 543,026
24  Argentina 518,475
25  Thailand 504,992
26  Iran 473,091
27  Austria 455,508
28  Norway 434,167
29  Nigeria 421,821
30  United Arab Emirates 414,179
31  Ireland 382,674
32  Israel 370,588
33  South Africa 368,094
 Hong Kong 362,682
34  Singapore 361,115
35  Malaysia 358,579
36  Denmark 355,675
37  Philippines 330,910
38  Colombia 330,228
39  Chile 298,231
40  Pakistan 282,346
41  Finland 276,878
42  Bangladesh 269,628
43  Egypt 249,751
44  Czech Republic 245,226
45  Vietnam 244,901
46  Portugal 240,792
47  Romania 239,552
48  Peru 222,237
49  Greece 218,139
50  Iraq 212,272
51  Venezuela 208,339
52  New Zealand 207,921
53  Qatar 191,362
54  Kazakhstan 179,340
55  Algeria 173,758
56  Hungary 157,883
57  Kuwait 141,698
58  Ukraine 130,832
59  Morocco 117,921
60  Ecuador 108,398
61  Slovakia 105,956
62  Angola 105,902
 Puerto Rico 101,131
63  Cuba 100,023
64  Oman 92,112
65  Sri Lanka 88,942
66  Kenya 87,906
67  Dominican Republic 81,299
68  Ethiopia 80,293
69  Guatemala 78,461
70  Myanmar 72,745
71  Luxembourg 70,920
72  Bulgaria 66,199
73  Ghana 65,535
74  Panama 65,055
75  Croatia 60,991
76  Costa Rica 60,126
77  Belarus 59,662
78  Uruguay 59,597
79  Tanzania 57,145
80  Lebanon 56,409
 Macau 54,545
81  Slovenia 54,034
82  Lithuania 53,455
83  Serbia 50,597
84  Sudan 50,514
85  Uzbekistan 50,500
86  Congo, Democratic Republic of the 47,146
87  Azerbaijan 46,939
88  Côte d'Ivoire 43,028
89  Jordan 42,231
90  Turkmenistan 40,749
91  Paraguay 40,308
92  Bolivia 40,288
93  Tunisia 39,895
94  Cameroon 38,694
95  Bahrain 37,876
96  Latvia 34,426
97  Libya 34,377
98  Estonia 30,747
99  Uganda 30,098
100    Nepal 27,830
101  Zambia 27,283
102  Yemen 26,672
103  El Salvador 26,057
104  Iceland 25,882
105  Cyprus 24,963
106  Cambodia 24,572
107  Zimbabwe 24,312
108  Honduras 23,970
109  Senegal 23,809
110  Trinidad and Tobago 23,808
111  Papua New Guinea 23,077
112  Afghanistan 20,514
113  Bosnia and Herzegovina 19,782
114  Botswana 18,615
115  Laos 17,954
116  Georgia 17,600
117  Korea, North 17,487
118  Mali 17,172
119  Gabon 16,994
120  Syria 16,628
 Palestine 16,277
121  Burkina Faso 16,200
122  Jamaica 15,714
123  Albania 15,059
124  Mozambique 14,717
125  Malta 14,549
126  Namibia 14,519
127  Mauritius 14,220
128  Congo, Republic of the 14,173
129  Madagascar 13,851
130  Brunei 13,567
131  Equatorial Guinea 13,324
132  Nicaragua 13,118
133  Mongolia 13,010
134  Niger 12,821
135  North Macedonia 12,629
136  Armenia 12,433
137  Bahamas, The 12,425
138  Guinea 11,640
139  Chad 11,387
140  Moldova 11,309
141  Benin 10,412
 New Caledonia 10,174
142  Rwanda 9,510
143  Haiti 9,287
144  South Sudan 8,207
145  Kyrgyzstan 8,093
 Kosovo 7,943
146  Mauritania 7,620
147  Tajikistan 7,523
148  Malawi 7,196
149  Monaco 7,189
150  Eritrea 6,855
151  Liechtenstein 6,796
 Bermuda 6,351
 French Polynesia 6,100
152  Fiji 5,537
153  Montenegro 5,507
 Cayman Islands 5,485
154  Maldives 5,327
155  Togo 5,166
156  Barbados 5,087
157  Eswatini 4,711
158  Sierra Leone 4,101
159  Guyana 3,818
160  Suriname 3,458
161  Burundi 3,285
162  Andorra 3,238
 Aruba 3,203
 Curaçao 3,128
 Greenland 3,052
163  Djibouti 2,923
164  Bhutan 2,658
165  Lesotho 2,631
166  Timor-Leste 2,581
167  Central African Republic 2,243
168  Liberia 2,121
169  Cape Verde 1,977
170  Saint Lucia 1,922
171  Belize 1,871
172  San Marino 1,638
173  Gambia, The 1,633
 Zanzibar 1,618
174  Antigua and Barbuda 1,611
175  Seychelles 1,590
176  Somalia 1,495
177  Guinea-Bissau 1,459
 British Virgin Islands 1,445
178  Solomon Islands 1,271
179  Grenada 1,169
180  Comoros 1,166
 Turks and Caicos Islands 1,022
181  Saint Kitts and Nevis 1,011
 Sint Maarten 980
182  Vanuatu 889
183  Samoa 834
184  Saint Vincent and the Grenadines 811
185  Dominica 551
186  Tonga 504
187  São Tomé and Príncipe 411
188  Micronesia, Federated States of 371
 Cook Islands 363
 Anguilla 293
189  Palau 284
190  Marshall Islands 214
191  Kiribati 189
192  Nauru 127
 Montserrat 64
193  Tuvalu 46

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. ^ There is a discrepancy between the data for China given by IMF's World Economic Outlook (October 2020) database and the same data given by IMF's DATAMAPPER; the number here is from the former source.
  4. ^ a b c Figures exclude Republic of Crimea and Sevastopol.
  5. ^ The official name is "Taiwan Province of China" in IMF's report.
  6. ^ The official name is "Hong Kong SAR" in IMF's report.
  7. ^ The official name is "Macao SAR" in IMF's report.
  8. ^ a b Figures exclude special administrative regions of Hong Kong and Macau.
  9. ^ Includes Western Sahara.
  10. ^ Covers mainland Tanzania only.
  11. ^ Data are for the area controlled by the Government of the Republic of Cyprus.
  12. ^ Excludes Abkhazia and South Ossetia.
  13. ^ Excludes data for Transnistria.

References

  1. ^ a b c "World Economic Outlook Database, October 2020". IMF.org. International Monetary Fund. 13 October 2020. Retrieved 13 October 2020.
  2. ^ "What is GDP and why is it so important?". Investopedia. IAC/InterActiveCorp. 26 February 2009. Retrieved 23 May 2016.
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