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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 (overpopulation and paradoxical "brain drain"),[12] and low average incomes.[13]

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.[14][15] Since China's transition to a market-based economy through controlled privatisation and deregulation,[16][17] 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.[15][1] 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. Non-sovereign entities are marked in italics.

Lists

Per the International Monetary Fund (2020 estimates)[1] Per the World Bank (2019)[21] Per the United Nations (2019)[22]
Rank Country/Territory GDP
(US$million)
   World[20] 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
21  Taiwan[n 5] 635,547
22  Iran 610,662
23  Poland 580,894
24  Sweden 529,054
25  Thailand 509,200
26  Belgium 503,416
27  Nigeria 442,976
28  Austria 432,894
29  Ireland 399,064
30  Israel 383,425
31  Argentina 382,760
32  Philippines 367,362
33  Norway 366,386
34  Egypt 361,875
35  United Arab Emirates 353,899
36  Hong Kong (China)[n 6] 341,319
37  Vietnam 340,602
38  Denmark 339,626
39  Singapore 337,451
40  Malaysia 336,330
41  Bangladesh 317,768
42  South Africa 282,588
43  Pakistan (2019) 276,200
44  Finland 267,856
45  Colombia 264,933
46  Romania 248,624
47  Chile 245,414
48  Czech Republic 241,975
49  Portugal 221,716
50  Peru 195,761
51  Greece 194,376
52  New Zealand 193,545
53  Iraq 178,112
54  Kazakhstan 165,730
55  Hungary 149,939
56  Qatar 147,791
57  Algeria 147,323
58  Ukraine 142,250
59  Morocco 112,220
60  Kuwait 108,656
61  Slovakia 101,892
62  Kenya 101,048
63  Ethiopia 95,588
64  Puerto Rico (United States) 93,968
65  Ecuador 93,078
66  Sri Lanka 81,120
67  Dominican Republic 77,883
68  Guatemala 76,191
69  Myanmar 70,890
70  Luxembourg 68,613
71  Bulgaria 67,917
72  Ghana 67,337
73  Tanzania 64,123
74  Angola 62,724
75  Oman 62,305
76  Côte d'Ivoire 61,502
77  Panama 60,286
78  Uzbekistan 59,771
79  Costa Rica 59,645
80  Belarus 57,708
81  Croatia 56,768
82  Lithuania 55,064
83  Uruguay 54,135
84  Serbia 51,999
85  Slovenia 51,802
86  Venezuela 48,610
87  Turkmenistan 47,986
88  Congo, Democratic Republic of the 46,062
89  Jordan 42,609
90  Azerbaijan 41,666
91  Tunisia 39,226
92  Cameroon 39,036
93  Bolivia 38,938
94  Uganda 37,733
95  Paraguay 35,606
96  Bahrain 34,624
97  Latvia 33,015
98  Sudan 32,576
99    Nepal 32,158
100  Estonia 30,468
101  Cambodia 26,316
102  Macau (China)[n 7] 26,348
103  El Salvador 24,784
104  Senegal 24,409
105  Honduras 23,984
106  Papua New Guinea 23,283
107  Cyprus 23,246
108  Trinidad and Tobago 22,718
109  Libya 21,805
110  Yemen 20,948
111  Iceland 20,805
112  Afghanistan 19,006
113  Zambia 18,909
114  Bosnia and Herzegovina 18,893
115  Lebanon 18,734
116  Laos 18,653
117  Mali 17,685
118  Georgia 16,316
119  Burkina Faso 16,082
120  Botswana 15,872
121  Benin 15,292
122  Gabon 15,145
123  Palestine[n 8] 14,750
124  Mozambique 14,557
125  Malta 14,290
126  Guinea 14,238
127  Jamaica 14,228
128  Madagascar 14,199
129  Albania 14,034
130  Zimbabwe 14,002
131  Mongolia 13,385
132  Niger 12,971
133  Armenia 12,813
134  North Macedonia 12,510
135  Nicaragua 11,905
136  The Bahamas 11,560
137  Mauritius 11,341
138  Moldova 11,241
139  Brunei 10,647
140  Chad 10,510
141  Rwanda 10,428
142  Namibia 10,252
143  Equatorial Guinea 10,028
144  Congo, Republic of the 9,964
145  Haiti 8,347
146  Malawi 8,330
147  Tajikistan 7,898
148  Kosovo 7,484
149  Kyrgyzstan 7,480
150  Mauritania 7,428
151  Guyana 6,806
152  Togo 5,719
153  Montenegro 4,943
154  Somalia 4,918
155  Maldives 4,712
156  Barbados 4,630
157  South Sudan 4,177
158  Sierra Leone 4,140
159  Fiji 3,932
160  Eswatini 3,848
161  Djibouti 3,408
162  Burundi 3,131
163  Liberia 3,068
164  Bhutan 2,587
165  Suriname 2,538
166  Central African Republic 2,321
167  Aruba (Netherlands) 2,288
168  Eritrea 2,075
169  Timor-Leste 1,920
170  Lesotho 1,906
171  Cabo Verde 1,870
172  The Gambia 1,806
173  Saint Lucia 1,770
174  Belize 1,556
175  Solomon Islands 1,551
176  San Marino 1,410
177  Guinea-Bissau 1,392
178  Antigua and Barbuda 1,389
179  Comoros 1,200
180  Seychelles 1,198
181  Grenada 1,074
182  Saint Kitts and Nevis 871
183  Vanuatu 864
184  Samoa 829
185  Saint Vincent and the Grenadines 777
186  Dominica 545
187  Tonga 503
188  São Tomé and Príncipe 417
189  Micronesia, Federated States of 395
190  Palau 251
191  Marshall Islands 225
192  Kiribati 194
193  Nauru 114
194  Tuvalu 45
 Syria N/A
Rank Country/Territory GDP
(US$million)
   World 87,798,526
1  United States 21,433,226
2  China[n 9] 14,342,903
3  Japan 5,081,770
4  Germany 3,861,124
5  India 2,868,929
6  United Kingdom 2,829,108
7  France 2,715,518
8  Italy 2,003,576
9  Brazil 1,839,758
10  Canada 1,736,426
11  Russia[n 4] 1,699,877
12  South Korea 1,646,739
13  Australia 1,396,567
14  Spain 1,393,491
15  Mexico 1,268,871
16  Indonesia 1,119,191
17  Netherlands 907,051
18  Saudi Arabia 792,967
19  Turkey 761,425
20   Switzerland 703,082
21  Poland 595,858
22  Taiwan (2017) 574,905
23  Thailand 543,549
24  Belgium 533,097
25  Sweden 530,884
26  Nigeria 448,120
27  Argentina 445,445
28  Austria 445,075
29  Iran (2017) 445,345
30  United Arab Emirates 421,142
31  Norway 403,336
32  Israel 394,652
33  Ireland 388,699
34  Philippines 376,796
35  Singapore 372,063
36  Hong Kong (China) 365,712
37  Malaysia 364,681
38  South Africa 351,432
39  Denmark 350,104
40  Colombia 323,616
41  Egypt 303,092
42  Bangladesh 302,571
43  Chile 282,318
44  Pakistan 278,222
45  Finland 269,296
46  Vietnam 261,921
47  Czech Republic 250,681
48  Romania 250,077
49  Portugal 238,785
50  Iraq 234,094
51  Peru 226,848
52  Greece 209,853
53  New Zealand 206,929
54  Kazakhstan 181,666
55  Qatar 175,838
56  Algeria 171,091
57  Hungary 163,469
58  Ukraine 153,781
59  Kuwait 134,629
60  Morocco[n 10] 119,700
61  Ecuador 107,436
62  Slovak Republic 105,080
63  Puerto Rico (United States) 104,989
64  Cuba (2018) 100,023
65  Ethiopia 95,913
66  Kenya 95,503
67  Dominican Republic 88,941
68  Angola 88,816
69  Sri Lanka 84,009
70  Guatemala 76,710
71  Oman 76,332
72  Myanmar 76,086
73  Luxembourg 71,105
74  Bulgaria 68,559
75  Ghana 66,984
76  Panama 66,801
77  Tanzania[n 11] 63,177
78  Belarus 63,080
79  Costa Rica 61,801
80  Croatia 60,753
81  Cote d'Ivoire 58,539
82  Uzbekistan 57,921
83  Uruguay 56,046
84  Lithuania 54,627
85  Slovenia 54,174
86  Macau (China) 53,859
87  Libya 52,091
88  Lebanon 51,992
89  Serbia 51,475
90  Congo, Democratic Republic of the 50,401
91  Azerbaijan 48,048
92  Jordan 44,503
93  Bolivia 40,895
94  Turkmenistan (2018) 40,761
95  Cameroon 39,007
96  Tunisia 38,797
97  Bahrain 38,574
98  Paraguay 38,145
99  Uganda 35,165
100  Latvia 34,103
101  Estonia 31,471
102    Nepal 30,641
103  Sudan 30,513
104  Cambodia 27,089
105  El Salvador 27,023
106  Honduras 25,095
107  Cyprus[n 12] 24,949
108  Papua New Guinea 24,829
109  Trinidad and Tobago 24,270
110  Iceland 24,188
111  Senegal 23,578
112  Zambia 23,310
113  Zimbabwe 21,441
114  Bosnia and Herzegovina 20,164
115  Afghanistan 19,291
116  Botswana 18,340
117  Laos 18,174
118  Georgia[n 13] 17,477
119  Mali 17,280
120  Gabon 16,874
121  Jamaica 16,458
122  Burkina Faso 15,991
123  Mozambique 15,291
124  Albania 15,279
125  Malta 14,989
126  Palestine (2018)[n 8] 14,616
127  Benin 14,391
128  Haiti 14,332
129  Madagascar 14,115
130  Mauritius 14,048
131  Mongolia 13,997
132  Armenia 13,673
133  Bahamas, The 13,579
134  Brunei 13,469
135  Niger 12,912
136  North Macedonia 12,547
137  Nicaragua 12,521
138  Namibia 12,367
139  Guinea 12,297
140  Congo, Republic of the 12,267
141  Moldova[n 14] 11,969
142  Chad 11,315
143  Equatorial Guinea 11,027
144  Rwanda 10,354
145  Kyrgyzstan 8,455
146  Tajikistan 8,117
147  Kosovo 7,926
148  Malawi 7,667
149  Mauritania 7,601
150  Maldives 5,642
151  Montenegro 5,543
152  Fiji 5,496
153  Togo 5,490
154  Barbados 5,209
155  Guyana 5,174
156  Eswatini 4,472
157  Sierra Leone 4,122
158  Suriname 3,697
159  Djibouti 3,325
160  Andorra 3,154
161  Liberia 3,071
162  Burundi 3,012
163  Bhutan 2,531
164  Lesotho 2,376
165  Central African Republic 2,220
166  Saint Lucia 2,122
167  Timor-Leste 2,018
168  Cabo Verde 1,982
169  Belize 1,880
170  Gambia, The 1,826
171  Seychelles 1,703
172  Antigua and Barbuda 1,662
173  San Marino (2018) 1,638
174  Solomon Islands 1,590
175  Guinea-Bissau 1,339
176  Grenada 1,211
177  Comoros 1,166
178  Saint Kitts and Nevis 1,053
179  Vanuatu 934
180  Samoa 852
181  Saint Vincent and the Grenadines 825
182  Dominica 582
183  Tonga 512
184  Sao Tome and Principe 419
185  Micronesia, Federated States of (2018) 402
186  Palau 268
187  Marshall Islands (2018) 221
188  Kiribati 195
189  Nauru 118
190  Tuvalu 47
Rank Country/Territory GDP
(US$million)
   World[23] 87,445,260
1  United States 21,433,226
2  China[n 9] 14,342,933
3  Japan 5,082,465
4  Germany 3,861,123
5  India 2,891,582
6  United Kingdom 2,826,441
7  France 2,715,518
8  Italy 2,003,576
9  Brazil 1,847,795
10  Canada 1,741,496
11  Russia[n 4] 1,692,930
12  South Korea 1,646,539
13  Spain 1,393,490
14  Australia 1,380,207
15  Mexico 1,256,440
16  Indonesia 1,119,190
17  Netherlands 907,050
18  Saudi Arabia 792,966
19  Turkey 761,425
20   Switzerland 731,425
21  Iran 603,779
22  Poland 595,862
23  Thailand 542,016
24  Belgium 533,097
25  Sweden 530,883
26  Nigeria 474,516
27  Argentina 449,663
28  Austria 445,075
29  United Arab Emirates 421,142
30  Norway 403,336
31  Ireland 398,590
32  Israel 395,098
33  Singapore 372,073
34  Hong Kong (China) 365,710
35  Malaysia 364,684
36  Philippines 359,354
37  South Africa 351,430
38  Denmark 350,104
39  Colombia 323,802
40  Egypt 317,359
41  Bangladesh 301,051
42  Chile 282,318
43  Finland 269,296
44  Vietnam 261,921
45  Pakistan 256,996
46  Czech Republic 250,680
47  Romania 250,075
48  Portugal 238,785
49  Peru 226,850
50  Iraq 225,232
51  New Zealand 206,936
52  Greece 205,326
53  Qatar 183,466
54  Kazakhstan 181,667
55  Algeria 171,157
56  Hungary 163,469
57  Ukraine 153,781
58  Venezuela 134,960
59  Kuwait 134,623
60  Morocco 119,700
61  Ecuador 107,435
62  Cuba 105,354
63  Slovakia 105,079
64  Puerto Rico (United States) 104,988
65  Kenya 95,501
66  Ethiopia 92,750
67  Dominican Republic 88,941
68  Angola 85,000
69  Sri Lanka 84,008
70  Myanmar 76,784
71  Guatemala 76,710
72  Oman 76,331
73  Luxembourg 71,104
74  Bulgaria 67,925
75  Ghana 66,999
76  Panama 66,787
77  Belarus 63,080
78  Costa Rica 61,773
79  Tanzania 61,136
80  Croatia 60,415
81  Côte d'Ivoire 58,539
82  Lebanon 56,409
83  Uruguay 56,045
84  Uzbekistan 57,921
85  Lithuania 54,627
86  Slovenia 54,174
87  Macau (China) 53,859
88  Serbia 51,475
89  Turkmenistan 48,276
90  Azerbaijan 48,047
91  Congo, Democratic Republic of the 47,319
92  Jordan 44,502
93  Bolivia 40,895
94  Cameroon 38,861
95  Tunisia 38,797
96  Bahrain 38,574
97  Paraguay 38,086
98  Sudan 34,895
99  Latvia 34,102
100  Uganda 32,609
101  Libya 32,600
102  Estonia 31,471
103    Nepal 30,714
104  Cambodia 27,097
105  El Salvador 27,022
106  Honduras 25,095
107  Papua New Guinea 24,969
108  Yemen 24,935
109  Cyprus 24,565
110  Iceland 24,188
111  Senegal 23,664
112  Trinidad and Tobago 23,208
113  Zambia 23,085
114  Zimbabwe 21,440
115  Syria 20,379
116  Bosnia and Herzegovina 20,164
117  Laos 18,822
118  Botswana 18,340
119  Afghanistan 17,876
120  Georgia 17,742
121  Mali 17,432
122  Palestine 17,058
123  Gabon 16,887
124  Korea, North 16,331
125  Burkina Faso 15,990
126  Jamaica 15,830
127  Mozambique 15,296
128  Albania 15,278
129  Malta 14,863
130  Benin 14,403
131  Mauritius 14,180
132  Madagascar 14,104
133  Mongolia 13,852
134  Armenia 13,672
135  Bahamas, The 13,578
136  Brunei 13,469
137  Niger 12,927
138  North Macedonia 12,694
139  Nicaragua 12,520
140  Congo, Republic of the 12,397
141  Namibia 12,366
142  Guinea 12,354
143  Moldova 11,955
144  Chad 11,271
145  Equatorial Guinea 11,024
146  Rwanda 10,355
147  New Caledonia (France) 9,879
148  Kyrgyzstan 8,454
149  Tajikistan 8,333
150  Malawi 8,099
151  Haiti 8,051
152  Kosovo 7,952
153  Mauritania 7,593
154  Monaco 7,423
155  Bermuda (United Kingdom) 7,361
156  Togo 7,270
157  Liechtenstein 6,797
158  French Polynesia (France) 6,023
159  Cayman Islands (UK) 6,020
160  Maldives 5,642
161  Montenegro 5,542
162  Fiji 5,504
163  Barbados 5,209
164  Guyana 5,173
165  South Sudan 4,959
166  Eswatini 4,594
167  Sierra Leone 4,121
168  Suriname 3,697
169  Aruba (Netherlands) 3,293
170  Djibouti 3,166
172  Andorra 3,154
173  Curaçao (Netherlands) 3,101
174  Greenland (Denmark) 3,023
175  Burundi 3,002
176  Liberia 2,582
177  Bhutan 2,564
178  Lesotho 2,460
179  Central African Republic 2,220
180  Saint Lucia 2,122
181  Timor-Leste 2,017
182  Eritrea 1,981
183  Cape Verde 1,981
184  Belize 1,906
185  Gambia, The 1,822
186  Zanzibar (Tanzania) 1,805
187  Seychelles 1,698
188  Antigua and Barbuda 1,661
189  Somalia 1,626
190  San Marino 1,602
191  Guinea-Bissau 1,322
192  Solomon Islands 1,302
193  British Virgin Islands (United Kingdom) 1,296
194  Grenada 1,211
195  Turks and Caicos Islands (United Kingdom) 1,197
196  Comoros 1,165
197  Saint Kitts and Nevis 1,050
198  Sint Maarten (Netherlands) 1,009
199  Vanuatu 906
200  Samoa 844
201  Saint Vincent and the Grenadines 825
202  Dominica 582
203  Tonga 508
204  São Tomé and Príncipe 421
205  Micronesia, Federated States of 414
206  Cook Islands (New Zealand) 379
207  Anguilla (United Kingdom) 379
208  Palau 280
209  Marshall Islands 237
210  Kiribati 194
211  Nauru 132
212  Montserrat (United Kingdom) 67
213  Tuvalu 47

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 name used in IMF's report is "Taiwan Province of China".
  6. ^ The name used in IMF's report is "Hong Kong SAR".
  7. ^ The name used in IMF's report is "Macao SAR".
  8. ^ a b The name used in IMF's an the World Bank's report is "West Bank and Gaza".
  9. ^ a b Figures exclude special administrative regions of Hong Kong and Macau.
  10. ^ Includes Western Sahara.
  11. ^ Covers mainland Tanzania only.
  12. ^ Data are for the area controlled by the Government of the Republic of Cyprus.
  13. ^ Excludes Abkhazia and South Ossetia.
  14. ^ 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.
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