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List of countries by GDP (nominal)

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Largest economies by nominal GDP in 2018[1]

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, moderate 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 $32 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 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][17] India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s.[18] 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,[19] to 2014, after which it was surpassed by the United States.[20]

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 (2018)[17] Per the World Bank (2017)[21] Per the United Nations (2017)[22][23]
Rank Country/Territory GDP
(US$million)
   World[20] 84,740,322
1  United States 20,494,050
 European Union[n 1] 18,750,052
2  China[n 2] 13,407,398
3  Japan 4,971,929
4  Germany 4,000,386
5  United Kingdom 2,828,644
6  France 2,775,252
7  India 2,716,746
8  Italy 2,072,201
9  Brazil 1,868,184
10  Canada 1,711,387
11  Russia[n 3] 1,630,659
12  Korea, South 1,619,424
13  Spain 1,425,865
14  Australia 1,418,275
15  Mexico 1,223,359
16  Indonesia 1,022,454
17  Netherlands 912,899
18  Saudi Arabia 782,483
19  Turkey 766,428
20   Switzerland 703,750
 Taiwan 589,391
21  Poland 586,015
22  Sweden 551,135
23  Belgium 533,153
25  Argentina 518,092
24  Thailand 487,239
26  Austria 457,637
27  Iran 452,275
28  Norway 434,937
29  United Arab Emirates 424,635
30  Nigeria 397,270
31  Ireland 372,695
32  Israel 369,843
33  South Africa 368,135
 Hong Kong 363,031
34  Singapore 361,109
35  Malaysia 354,348
36  Denmark 350,874
37  Colombia 333,114
38  Philippines 330,846
39  Bangladesh 313,509
40  Pakistan 312,570
41  Chile 298,172
42  Finland 275,321
43  Egypt 249,559
44  Czech Republic 242,052
45  Vietnam 241,272
46  Romania 239,851
47  Portugal 238,510
48  Iraq 226,070
49  Peru 225,203
50  Greece 219,097
51  New Zealand 203,404
52  Qatar 192,450
53  Algeria 180,441
54  Kazakhstan 170,539
55  Hungary 155,703
56  Kuwait 141,050
57  Ukraine 124,603
58  Morocco 118,309
59  Ecuador 107,511
60  Angola 107,316
61  Slovakia 106,585
 Puerto Rico 104,344
62  Venezuela 98,468
63  Kenya 89,205
64  Sri Lanka 88,223
65  Oman 82,243
66  Dominican Republic 80,940
67  Ethiopia 80,279
68  Guatemala 78,979
69  Syria[n 4] 77,460/Na
70  Luxembourg 68,770
71  Myanmar 68,559
72  Panama 65,206
73  Ghana 65,191
74  Bulgaria 64,963
75  Croatia 60,688
76  Uruguay 60,180
77  Belarus 59,643
78  Costa Rica 59,006
79  Tanzania 57,862
80  Lebanon 56,409
 Macau 54,545
81  Slovenia 54,242
82  Lithuania 53,323
83  Serbia 50,651
84  Azerbaijan 45,418
85  Turkmenistan 44,114
86  Libya 43,587
87  Côte d'Ivoire 43,032
88  Congo, Democratic Republic of the 42,644
89  Jordan 42,371
90  Paraguay 41,604
91  Bolivia 41,410
92  Uzbekistan 41,241
93  Tunisia 39,911
94  Cameroon 38,521
95  Bahrain 38,291
96  Latvia 34,881
97  Sudan 33,903
98  Estonia 30,312
99    Nepal 28,812
100  Uganda 28,122
101  Yemen 26,914
102  Zimbabwe 26,127
103  El Salvador 26,057
104  Iceland 25,882
105  Zambia 25,179
106  Cambodia 24,523
107  Cyprus 24,492
108  Senegal 24,027
109  Honduras 23,778
110  Trinidad and Tobago 22,311
111  Papua New Guinea 21,319
112  Bosnia and Herzegovina 19,881
113  Afghanistan 19,585
114  Botswana 18,998
115  Laos 18,434
116  Mali 17,187
117  Gabon 17,033
118  Georgia 16,324
119  Jamaica 15,422
120  Albania 15,202
121  Malta 14,505
122  Mozambique 14,428
123  Burkina Faso 14,180
124  Mauritius 14,277
125  Brunei 14,082
126  Namibia 13,824
127  Equatorial Guinea 13,734
128  Nicaragua 13,258
129  Mongolia 13,038
130  Bahamas, The 12,803
131  North Macedonia 12,669
132  Armenia 12,411
133  Madagascar 12,093
134  Guinea 11,739
135  Moldova 11,404
136  Congo, Republic of the 11,188
137  Chad 10,919
138  Benin 10,456
139  Haiti 9,525
140  Rwanda 9,511
141  Niger 9,226
142  Kyrgyzstan 8,093
 Kosovo 7,981
143  Tajikistan 7,520
144  Malawi 6,925
145  Eritrea 6,721
146  Montenegro 5,402
147  Togo 5,358
148  Maldives 5,302
149  Mauritania 5,194
150  Barbados 5,145
151  Fiji 4,809
152  Eswatini 4,679
153  South Sudan 3,929
154  Sierra Leone 3,906
155  Guyana 3,636
156  Burundi 3,436
157  Suriname 3,427
158  Liberia 3,249
159  Timor-Leste 3,090
160  Lesotho 2,762
161  Bhutan 2,627
162  Djibouti 2,187
163  Central African Republic 2,185
164  Cape Verde 1,970
165  Belize 1,925
166  St. Lucia 1,874
167  San Marino 1,638
168  Antigua and Barbuda 1,626
169  Gambia, The 1,617
170  Seychelles 1,573
171  Guinea-Bissau 1,459
172  Solomon Islands 1,424
173  Grenada 1,196
174  St. Kitts and Nevis 1,019
175  Vanuatu 928
176  Samoa 861
177  St. Vincent and the Grenadines 826
178  Comoros 742
179  Dominica 494
180  Tonga 470
181  São Tomé and Príncipe 449
182  Micronesia, Federated States of 374
183  Palau 297
184  Marshall Islands 214
185  Kiribati 189
186  Tuvalu 45
Rank Country/Territory GDP
(US$million)
   World 80,683,787
1  United States 19,390,604
2  China[n 5] 12,237,700
3  Japan 4,872,137
4  Germany 3,677,439
5  United Kingdom 2,622,434
6  India 2,597,491
7  France 2,582,501
8  Brazil 2,055,506
9  Italy 1,934,798
10  Canada 1,653,043
11  Korea, South 1,577,524
12  Russia[n 3] 1,530,751
13  Australia 1,323,421
14  Spain 1,311,320
15  Mexico 1,149,919
16  Indonesia 1,015,539
17  Turkey 851,102
18  Netherlands 826,200
19  Saudi Arabia 683,827
20   Switzerland 678,887
21  Argentina 637,590
22  Sweden 538,040
23  Poland 524,510
24  Belgium 492,681
25  Thailand 455,221
26  Iran 439,514
27  Austria 416,596
28  Norway 398,832
29  United Arab Emirates 382,575
30  Nigeria 375,771
31  Israel 350,851
32  South Africa 349,419
 Hong Kong 341,449
33  Ireland 333,731
34  Denmark 324,872
35  Singapore 323,907
36  Malaysia 314,500
37  Philippines 313,595
38  Colombia 309,191
39  Pakistan 304,952
40  Chile 277,076
41  Finland 251,885
42  Bangladesh 249,724
43  Egypt 235,369
44  Vietnam 223,864
45  Portugal 217,571
46  Czech Republic 215,726
47  Romania 211,803
48  Peru 211,389
49  New Zealand 205,853
50  Greece 200,288
51  Iraq 197,716
52  Algeria 170,371
53  Qatar 167,605
54  Kazakhstan 159,407
55  Hungary 139,135
56  Angola 124,209
57  Kuwait 120,126
58  Sudan 117,488
59  Ukraine 112,154
60  Morocco[n 6] 109,139
61  Ecuador 103,057
62  Slovak Republic 95,769
63  Sri Lanka 87,175
64  Ethiopia 80,561
65  Dominican Republic 75,932
66  Guatemala 75,620
67  Kenya 74,938
68  Oman 72,643
69  Myanmar 69,322
70  Luxembourg 62,404
71  Panama 61,838
72  Costa Rica 57,057
73  Bulgaria 56,832
74  Uruguay 56,157
75  Croatia 54,849
76  Belarus 54,442
77  Tanzania[n 7] 52,090
78  Lebanon 51,844
79  Libya 50,984
 Macau 50,361
80  Slovenia 48,770
81  Uzbekistan 48,718
82  Ghana 47,330
83  Lithuania 47,168
84  Turkmenistan 42,355
85  Serbia 41,432
86  Azerbaijan 40,748
87  Cote d'Ivoire 40,389
88  Tunisia 40,257
89  Jordan 40,068
90  Bolivia 37,509
91  Congo, Democratic Republic of the 37,241
92  Bahrain 35,307
93  Cameroon 34,799
94  Latvia 30,264
95  Paraguay 29,735
96  Estonia 25,921
97  Uganda 25,891
98  Zambia 25,809
99  El Salvador 24,805
100    Nepal 24,472
101  Iceland 23,909
102  Honduras 22,979
103  Cambodia 22,158
104  Trinidad and Tobago 22,105
105  Cyprus[n 8] 21,652
106  Papua New Guinea 21,089
107  Afghanistan 20,815
108  Bosnia and Herzegovina 18,169
109  Zimbabwe 17,846
110  Botswana 17,407
111  Laos 16,853
112  Senegal 16,375
113  Mali 15,288
114  Georgia[n 9] 15,159
115  Jamaica 14,768
116  Gabon 14,623
 West Bank and Gaza 14,498
117  Nicaragua 13,814
118  Mauritius 13,338
119  Namibia 13,245
120  Albania 13,039
121  Burkina Faso 12,873
122  Malta 12,538
123  Equatorial Guinea 12,487
124  Mozambique 12,334
125  Bahamas, The 12,162
126  Brunei 12,128
127  Armenia 11,537
128  Madagascar 11,500
129  Mongolia 11,488
130  North Macedonia 11,338
131  Guinea 10,491
132  Chad 9,981
133  Benin 9,274
134  Rwanda 9,137
135  Congo, Republic of the 8,723
136  Haiti 8,408
137  Moldova[n 10] 8,128
138  Niger 8,120
139  Kyrgyzstan 7,565
140  Somalia 7,369
141  Tajikistan 7,146
 Kosovo 7,129
142  Malawi 6,303
143  Fiji 5,061
144  Mauritania 5,025
145  Togo 4,813
146  Barbados 4,797
147  Montenegro 4,774
148  Maldives 4,597
149  Eswatini 4,409
150  Sierra Leone 3,774
151  Guyana 3,676
152  Burundi 3,478
153  Suriname 3,324
154  Andorra 3,013
155  Timor-Leste 2,955
156  Lesotho 2,639
157  Bhutan 2,512
158  Liberia 2,158
159  Central African Republic 1,949
160  Djibouti 1,845
161  Belize 1,838
162  Cabo Verde 1,754
163  Saint Lucia 1,712
164  San Marino 1,659
165  Antigua and Barbuda 1,532
166  Seychelles 1,486
167  Guinea-Bissau 1,347
168  Solomon Islands 1,303
169  Grenada 1,119
170  Gambia, The 1,015
171  Saint Kitts and Nevis 946
172  Vanuatu 863
173  Samoa 857
174  Saint Vincent and the Grenadines 790
175  Comoros 649
176  Dominica 563
177  Tonga 426
178  Sao Tome and Principe 391
179  Micronesia, Federated States of 336
180  Palau 292
181  Marshall Islands 199
182  Kiribati 196
183  Nauru 114
184  Tuvalu 40
Rank Country/Territory GDP
(US$million)
   World[25] 80,501,413
1  United States 19,485,394
2  China[n 5] 12,234,781
3  Japan 4,872,415
4  Germany 3,693,204
5  United Kingdom 2,631,228
6  France 2,582,492
7  India 2,575,666
8  Brazil 2,055,512
9  Italy 1,943,835
10  Canada 1,647,120
11  Korea, South 1,577,524
12  Russia[n 3] 1,530,750
13  Australia 1,408,675
14  Spain 1,314,314
15  Mexico 1,158,229
16  Indonesia 1,015,539
17  Turkey 851,541
18  Netherlands 830,572
19  Saudi Arabia 683,827
20   Switzerland 678,938
21  Argentina 637,486
22  Sweden 535,607
23  Poland 526,211
24  Belgium 494,763
25  Iran 460,976
26  Thailand 455,302
27  Austria 416,835
28  Norway 399,470
29  United Arab Emirates 382,575
30  Nigeria 375,769
31  Israel 353,268
32  South Africa 348,872
 Hong Kong 341,659
33  Ireland 331,430
34  Denmark 329,865
35  Singapore 323,901
36  Malaysia 314,707
37  Philippines 313,595
38  Colombia 309,191
39  Pakistan 302,139
40  Chile 277,080
41  Venezuela 255,092
42  Finland 252,246
43  Bangladesh 245,633
44  Vietnam 223,779
45  Czech Republic 215,824
46  Romania 211,803
47  Peru 211,402
48  Greece 203,085
49  New Zealand 202,044
50  Egypt 195,135
51  Portugal 195,041
52  Iraq 182,023
53  Qatar 167,605
54  Algeria 167,555
55  Kazakhstan 159,406
56  Hungary 139,761
57  Angola 126,505
58  Sudan 120,265
59  Kuwait 119,534
60  Ukraine 112,154
61  Morocco 109,708
62  Ecuador 104,295
 Puerto Rico 104,218
63  Cuba 96,851
64  Slovakia 95,617
65  Sri Lanka 87,356
66  Dominican Republic 75,931
67  Guatemala 75,619
68  Ethiopia 75,605
69  Kenya 74,938
70  Oman 70,783
71  Myanmar 67,101
72  Luxembourg 62,316
73  Panama 61,838
74  Uruguay 59,180
75  Ghana 58,996
76  Bulgaria 58,222
77  Costa Rica 57,564
78  Croatia 55,201
79  Belarus 54,441
80  Lebanon 53,393
81  Tanzania 52,090
 Macau 50,361
82  Uzbekistan 49,677
83  Slovenia 48,455
84  Lithuania 47,544
85  Serbia 41,589
86  Azerbaijan 40,748
87  Jordan 40,708
88  Tunisia 40,068
89  Côte d'Ivoire 38,054
90  Turkmenistan 37,915
91  Congo, Democratic Republic of the 37,642
92  Bolivia 37,508
93  Bahrain 35,325
94  Cameroon 34,924
95  Latvia 30,463
96  Paraguay 29,435
97  Yemen 27,956
98  Uganda 27,698
99  Estonia 25,921
100  Zambia 25,868
101  Libya 25,127
102    Nepal 24,870
103  El Salvador 24,805
104  Iceland 24,476
105  Honduras 22,978
106  Cambodia 22,121
107  Trinidad and Tobago 22,104
108  Cyprus 22,054
109  Papua New Guinea 22,005
110  Afghanistan 21,992
111  Senegal 21,126
112  Bosnia and Herzegovina 18,169
113  Zimbabwe 18,036
114  Botswana 17,406
115  Korea, North 17,364
116  Laos 16,853
117  Mali 15,235
118  Georgia 15,159
 Palestine, State of 14,498
119  Gabon 14,623
120  Mozambique 12,651
121  Equatorial Guinea 12,487
122  Brunei 12,128
123  Congo, Republic of the 11,292
124  Jamaica 14,826
125  Nicaragua 13,814
126  Mauritius 13,366
127  Namibia 13,244
128  Albania 13,039
129  Malta 12,553
130  Burkina Faso 12,324
131  Bahamas, The 11,791
132  Armenia 11,536
133  North Macedonia 11,279
134  Mongolia 11,135
135  Chad 10,716
136  Madagascar 10,674
137  Guinea 10,208
 New Caledonia 9,894
138  Benin 9,236
139  Rwanda 9,136
140  Haiti 8,521
141  Moldova 8,128
142  Niger 8,119
143  Kyrgyzstan 7,564
 Kosovo 7,227
144  Tajikistan 7,145
145  Monaco 6,400
146  Malawi 6,339
147  Liechtenstein 6,295
148  South Sudan 5,693
 French Polynesia 5,623
 Bermuda 5,601
149  Suriname 5,210
150  Mauritania 5,092
151  Timor-Leste 4,970
152  Sierra Leone 4,893
153  Montenegro 4,588
154  Togo 4,576
155  Fiji 4,532
156  Eswatini 4,482
157  Barbados 4,353
158  Eritrea 3,858
 Cayman Islands 3,480
159  Andorra 3,278
 Curaçao 3,159
160  Guyana 3,086
161  Maldives 3,032
162  Burundi 2,869
 Aruba 2,664
163  Bhutan 2,562
 Greenland 2,441
164  Liberia 2,122
165  Lesotho 2,081
166  Central African Republic 1,992
167  Belize 1,902
168  Cape Verde 1,855
169  Djibouti 1,844
170  Saint Lucia 1,718
171  San Marino 1,689
172  Somalia 1,535
173  Seychelles 1,486
 Zanzibar 1,391
174  Antigua and Barbuda 1,248
175  Guinea-Bissau 1,209
176  Solomon Islands 1,103
 Sint Maarten 1,059
 British Virgin Islands 902
177  Grenada 884
178  Saint Kitts and Nevis 852
179  Gambia, The 851
180  Samoa 824
181  Vanuatu 812
 Turks and Caicos Islands 797
182  Saint Vincent and the Grenadines 729
183  Comoros 648
184  Dominica 533
185  Tonga 435
186  São Tomé and Príncipe 337
187  Micronesia, Federated States of 308
 Cook Islands 311
 Anguilla 311
188  Palau 234
189  Marshall Islands 209
190  Nauru 182
191  Kiribati 180
 Montserrat 63
192  Tuvalu 38

See also

Notes

  1. ^ The European Union (EU) is an economic and political union of 28 member states that are located primarily in Europe. The EU is included as a separate entity in The World Factbook of CIA because it has many attributes of independent nations, being much more than a free-trade association such as ASEAN, NAFTA, or Mercosur.[24] As the EU is not a country, China is the second ranked country on these lists.
  2. ^ Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
  3. ^ a b c Figures exclude Republic of Crimea and Sevastopol.
  4. ^ Data for Syria's 2014 GDP is from the September 2011 WEO Database, the latest available from the IMF.
  5. ^ a b Figures exclude special administrative regions of Hong Kong and Macau.
  6. ^ Includes Western Sahara.
  7. ^ Covers mainland Tanzania only.
  8. ^ Data are for the area controlled by the Government of the Republic of Cyprus.
  9. ^ Excludes Abkhazia and South Ossetia.
  10. ^ Excludes data for Transnistria.

References

  1. ^ https://www.imf.org/external/pubs/ft/weo/2018/02/weodata/weorept.aspx?pr.x=104&pr.y=16&sy=2018&ey=2018&scsm=1&ssd=1&sort=country&ds=.&br=1&c=924%2C132%2C134%2C534%2C158%2C112%2C111&s=NGDPD&grp=0&a=
  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.
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