G15

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The G15 is an informal group of nations composed by the current 15 leading economies of the world: USA, China, India, Japan, Germany, UK, Brazil, France, Russia, Italy, Spain, South Korea, Mexico, Canada and Indonesia. In 2008 these countries together comprised 73,3% of the world Gross Domestic Product (GDP) by Purchasing Power Parity (PPP).

The number of members is not arbitrary. Every year some of the nations in this group change positions among themselves in the ranking of GDP by PPP. However, there is a huge gap between the 15th and the 16th positions. In 2008 the economy of Indonesia (15th) was 44,4% larger than that of Taiwan (16th). Therefore, it is very unlikely that the economy of any of the lower ranked nations will surpass that of any G15 members in the next few years. For that reason the G15 are expected to remain the dominant nations in the world economy for a long time to come.

The list below portrays the members of the G15 and their respective GDP by PPP in 2008 as estimated by the International Monetary Fund in 2007, compared to the world and the EU. All of the figures are in millions of International Dollars.

Purchasing Power Parity Gross Domestic Product selected list
COUNTRY 2006 2007 2008
World 67061860 72337650 77109329
G15 49261071 53055032 56541622
European Union 14150320 14953060 15593406
United States 12954710 13543330 14045500
China 10147330 11606340 12988640
India 4231580 4726540 5210210
Japan 4155550 4346080 4494660
Germany 2583160 2714470 2816040
United Kingdom 2148069 2270884 2363972
Brazil 1881277 2013893 2131608
France 1952630 2040109 2116969
Russia 1738981 1908739 2068083
Italy 1809486 1888492 1947008
Spain 1214930 1276369 1341623
South Korea 1155565 1229336 1307228
Mexico 1171506 1237276 1306293
Canada 1156463 1214900 1274765
Indonesia 959834 1038274 1129023