List of countries by GDP (nominal)

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Largest economies by nominal GDP in 2019[1]
Countries by nominal GDP in 2019[note 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 $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 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 (2019 estimates)[1] Per the World Bank (2019)[20] Per the United Nations (2018)[21][22]
Rank Country/Territory GDP
(US$million)
   World[19] 87,265,226
1  United States 21,439,453
 European Union[23][n 1] 18,705,132
2  China[n 2] 14,140,163
3  Japan 5,154,475
4 European Union Germany 3,863,344
5  India 2,935,570
6  United Kingdom 2,743,586
7 European Union France 2,707,074
8 European Union Italy 1,988,636
9  Brazil 1,847,020
10  Canada 1,730,914
11  Russia[n 3] 1,637,892
12  Korea, South 1,629,532
13 European Union Spain 1,397,870
14  Australia 1,376,255
15  Mexico 1,274,175
16  Indonesia 1,111,713
17 European Union Netherlands 902,355
18  Saudi Arabia 779,289
19  Turkey 743,708
20   Switzerland 715,360
 Taiwan 586,104
21 European Union Poland 565,854
22  Thailand 529,177
23 European Union Sweden 528,929
24 European Union Belgium 517,609
25  Iran 458,500
26 European Union Austria 447,718
27  Nigeria 446,543
28  Argentina 445,469
29  Norway 417,627
30  United Arab Emirates 405,771
31  Israel 387,717
32 European Union Ireland 384,940
 Hong Kong 372,989
33  Malaysia 365,303
34  Singapore 362,818
35  South Africa 358,839
36  Philippines 356,814
37 European Union Denmark 347,176
38  Colombia 327,895
39  Bangladesh 317,465
40  Egypt 302,256
41  Chile 294,237
42  Pakistan 284,214
43 European Union Finland 269,654
44  Vietnam 261,637
45 European Union Czech Republic 246,953
46 European Union Romania 243,698
47 European Union Portugal 236,408
48  Peru 228,989
49  Iraq 224,462
50 European Union Greece 214,012
51  New Zealand 204,671
52  Qatar 191,849
53  Algeria 172,781
54 European Union Hungary 170,407
55  Kazakhstan 170,326
56  Ukraine 150,401
57  Kuwait 137,591
58  Morocco 119,040
59  Ecuador 107,914
60 European Union Slovakia 106,552
 Puerto Rico 99,913
61  Kenya 98,607
62  Angola 91,527
63  Ethiopia 91,166
64  Dominican Republic 89,475
65  Sri Lanka 86,566
66  Guatemala 81,318
67  Oman 76,609
68  Venezuela 70,140
69 European Union Luxembourg 69,453
70  Panama 68,536
71  Ghana 67,077
72 European Union Bulgaria 66,250
73  Myanmar 65,994
74  Tanzania 62,224
75  Belarus 62,572
76  Costa Rica 61,021
77 European Union Croatia 60,702
78  Uzbekistan 60,490
79  Syria[n 4] 60,043/Na
80  Uruguay 59,918
81  Lebanon 58,565
 Macau 55,136
82 European Union Slovenia 54,154
83 European Union Lithuania 53,641
84  Serbia 51,523
85  Congo, Democratic Republic of the 48,994
86  Azerbaijan 47,171
87  Turkmenistan 46,674
88  Côte d'Ivoire 44,439
89  Jordan 44,172
90  Bolivia 42,401
91  Paraguay 40,714
92  Tunisia 38,732
93  Cameroon 38,632
94  Bahrain 38,184
95 European Union Latvia 35,045
96  Libya 33,018
97 European Union Estonia 31,038
98  Sudan 30,873
99  Uganda 30,666
100  Yemen 29,855
101    Nepal 29,813
102  El Salvador 26,871
103  Cambodia 26,730
104  Honduras 24,449
105 European Union Cyprus 24,280
106  Zambia 23,946
107  Senegal 23,940
108  Iceland 23,918
109  Papua New Guinea 23,587
110  Trinidad and Tobago 22,607
111  Bosnia and Herzegovina 20,106
112  Laos 19,127
113  Afghanistan 18,734
114  Botswana 18,690
115  Mali 17,647
117  Gabon 16,877
116  Georgia 15,925
118  Jamaica 15,702
119  Albania 15,418
120  Mozambique 15,093
121 European Union Malta 14,859
122  Burkina Faso 14,593
123  Mauritius 14,391
124  Benin 14,374
125  Namibia 14,368
126  Mongolia 13,637
127  Armenia 13,444
128  Guinea 13,368
129  Zimbabwe 12,818
130  North Macedonia 12,672
131  Bahamas, The 12,664
132  Madagascar 12,550
133  Nicaragua 12,528
134  Brunei 12,455
135  Equatorial Guinea 12,142
136  Moldova 11,688
137  Congo, Republic of the 11,576
138  Chad 11,026
139  Rwanda 10,209
140  Niger 9,443
141  Haiti 8,819
142  Kyrgyzstan 8,261
143  Tajikistan 8,152
 Kosovo 7,996
144  Malawi 7,522
145  Maldives 5,786
146  Togo 5,502
147  Mauritania 5,651
148  Montenegro 5,424
149  Fiji 5,708
150  Barbados 5,189
151  Somalia 4,958
152  Eswatini 4,657
153  Sierra Leone 4,229
154  Guyana 4,121
155  Suriname 3,774
156  South Sudan 3,681
157  Burundi 3,573
158  Liberia 3,221
159  Djibouti 3,166
160  Timor-Leste 2,938
European Union Aruba 2,903
161  Bhutan 2,842
162  Lesotho 2,741
163  Central African Republic 2,321
164  Eritrea 2,110
165  Belize 2,001
166  St. Lucia 1,992
167  Gambia 1,773
168  Antigua and Barbuda 1,688
169  Seychelles 1,644
170  San Marino 1,591
171  Solomon Islands 1,440
172  Grenada 1,238
173  Comoros 1,179
174  St. Kitts and Nevis 1,032
175  Vanuatu 951
176  Samoa 905
177  St. Vincent and the Grenadines 856
178  Dominica 593
179  Tonga 488
180  São Tomé and Príncipe 430
181  Micronesia, Federated States of 381
182  Palau 291
183  Marshall Islands 220
184  Kiribati 184
185  Nauru 108
186  Tuvalu 42
Rank Country/Territory GDP
(US$million)
   World 87,751,541
1  United States 21,427,700
2  China[n 5] 14,342,903
3  Japan 5,081,770
4 European Union Germany 3,845,630
5  India 2,875,142
6  United Kingdom 2,827,113
7 European Union France 2,715,518
8 European Union Italy 2,001,244
9  Brazil 1,839,758
10  Canada 1,736,426
11  Russia[n 3] 1,699,877
12  Korea, South 1,642,383
13 European Union Spain 1,394,116
14  Australia 1,392,681
15  Mexico 1,258,287
16  Indonesia 1,119,191
17 European Union Netherlands 909,070
18  Saudi Arabia 792,967
19  Turkey 754,412
20   Switzerland 703,082
21 European Union Poland 592,164
 Taiwan 574,905 (2017)
22  Thailand 543,650
23 European Union Sweden 530,833
24 European Union Belgium 529,607
25  Argentina 449,663
26  Nigeria 448,120
27 European Union Austria 446,315
28  Iran 445,345 (2017)
29  United Arab Emirates 421,142
30  Norway 403,336
31  Israel 395,099
32 European Union 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 European Union Denmark 348,078
38  Colombia 323,803
39  Egypt 303,175
40  Bangladesh 302,571
41  Chile 282,318
42  Pakistan 278,222
43 European Union Finland 268,761
44  Vietnam 261,921
45 European Union Romania 250,077
46 European Union Czech Republic 246,489
47 European Union Portugal 237,686
48  Iraq 234,094
49  Peru 226,848
50 European Union Greece 209,853
51  New Zealand 206,929
52  Qatar 183,466
53  Kazakhstan 180,162
54  Algeria 169,988
55 European Union Hungary 160,967
56  Ukraine 153,781
57  Kuwait 134,761
58  Morocco[n 6] 118,725
59  Ecuador 107,436
60 European Union Slovakia 105,422
61  Puerto Rico 104,989
 Cuba 100,023 (2018)
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 European Union Luxembourg 71,105
71 European Union Bulgaria 67,927
72  Ghana 66,984
73  Panama 66,801
74  Tanzania[n 7] 63,177
75  Belarus 63,080
76  Costa Rica 61,774
77 European Union Croatia 60,416
78  Cote d'Ivoire 58,792
79  Uzbekistan 57,921
 Uruguay 56,046
80 European Union Lithuania 54,219
81  Macau 53,859
82 European Union 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 40,761 (2018)
91  Tunisia 38,798
92  Cameroon 38,760
93  Bahrain 38,574
94  Paraguay 38,145
95  Uganda 34,387
96 European Union Latvia 34,117
97 European Union 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 European Union Cyprus[n 8] 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 9] 17,743
115  Mali 17,510
116  Gabon 16,658
117  Jamaica 16,458
118  Burkina Faso 15,746
 Albania 15,278
119  Mozambique 14,934
120 European Union Malta 14,786
121  West Bank and Gaza 14,616 (2018)
122  Benin 14,391
123  Mauritius 14,180
124  Madagascar 14,084
125  Mongolia 13,853
126  Armenia 13,673
127  Guinea 13,590
128  Brunei 13,469
129  Niger 12,928
130  Bahamas, The 12,827
131  North Macedonia 12,695
132  Nicaragua 12,521
133  Namibia 12,367
134  Moldova[n 10] 11,955
135  Chad 11,315
136  Equatorial Guinea 11,027
137  Congo, Republic of the 10,821
138  Rwanda 10,122
139  Haiti 8,499
140  Kyrgyzstan 8,455
 Tajikistan 8,117
141  Kosovo 7,926
142  Malawi 7,667
143  Mauritania 7,594
144  Maldives 5,729
145  Fiji 5,536
146  Montenegro 5,495
147  Togo 5,460
148  Barbados 5,209
149  Eswatini 4,405
150  Guyana 4,280
151  Suriname 3,985
152  Sierra Leone 3,941
153  Djibouti 3,319
154  Andorra 3,154
155  Liberia 3,071
156  Burundi 3,012
157  Lesotho 2,460
158  Bhutan 2,447 (2018)
159  Central African Republic 2,220
160  Saint Lucia 2,122
161  Cabo Verde 1,982
162  Belize 1,880
163  Gambia, The 1,764
164  Antigua and Barbuda 1,728
165  Seychelles 1,699
166  Timor-Leste 1,674
167  San Marino 1,638 (2018)
168  Solomon Islands 1,425
169  Guinea-Bissau 1,340
170  Grenada 1,228
171  Comoros 1,186
172  Saint Kitts and Nevis 1,051
173  Vanuatu 917
174  Samoa 851
175  Saint Vincent and the Grenadines 825
176  Dominica 596
177  Tonga 450 (2018)
178  Sao Tome and Principe 429
179  Micronesia, Federated States of 402 (2018)
180  Palau 284 (2018)
181  Marshall Islands 221 (2018)
182  Kiribati 195
183  Nauru 118
184  Tuvalu 47
Rank Country/Territory GDP
(US$million)
   World[25] 85,085,189
1  United States 20,580,223
2  China[n 5] 13,608,152
3  Japan 4,971,323
4 European Union Germany 3,949,549
5  United Kingdom 2,855,297
6  India 2,779,351
7 European Union France 2,778,892
8 European Union Italy 2,084,882
9  Brazil 1,868,613
10  Korea, South 1,720,489
11  Canada 1,712,562
12  Russia[n 3] 1,660,514
13  Australia 1,453,871
14 European Union Spain 1,419,735
15  Mexico 1,223,401
16  Indonesia 1,042,173
17 European Union Netherlands 914,105
18  Saudi Arabia 782,484
19  Turkey 771,355
20   Switzerland 705,141
21 European Union Poland 585,661
 Taiwan 579,865
22 European Union Sweden 556,087
23 European Union Belgium 543,026
24  Argentina 518,475
25  Thailand 504,992
26  Iran 473,091
27 European Union Austria 455,508
28  Norway 434,167
29  Nigeria 421,821
30  United Arab Emirates 414,179
31 European Union 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 European Union Denmark 355,675
37  Philippines 330,910
38  Colombia 330,228
39  Chile 298,231
40  Pakistan 282,346
41 European Union Finland 276,878
42  Bangladesh 269,628
43  Egypt 249,751
44 European Union Czech Republic 245,226
45  Vietnam 244,901
46 European Union Portugal 240,792
47 European Union Romania 239,552
48  Peru 222,237
49 European Union 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 European Union Hungary 157,883
57  Kuwait 141,698
58  Ukraine 130,832
59  Morocco 117,921
60  Ecuador 108,398
61 European Union 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 European Union Luxembourg 70,920
72 European Union Bulgaria 66,199
73  Ghana 65,535
74  Panama 65,055
75 European Union 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 European Union Slovenia 54,034
82 European Union 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 European Union Latvia 34,426
97  Libya 34,377
98 European Union 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 European Union 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, State of 16,277
121  Burkina Faso 16,200
122  Jamaica 15,714
123  Albania 15,059
124  Mozambique 14,717
125 European Union 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
European Union 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.
  1. ^ The European Union (EU) is an economic and political union of 27 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. ^ a b c "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. 15 October 2019. Retrieved 3 September 2019.
  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.
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