List of countries by GDP (nominal)

Largest economies by nominal GDP in 2017
(counting the economies of the European Union as one)
according to International Monetary Fund estimates.[1]
A pie chart displaying the world's seven largest economies—the United States, the European Union, China, Japan, India, Brazil, and Canada.
The United States, the world's largest economy, accounts for approximately 25 percent of Nominal world GDP, and the seven largest economies (amalgamating the European Union economies as one) account for 75 percent of the total.

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, 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 $18.56 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][1] India has also experienced a similar economic boom since the implementation of neoliberal reforms 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 largely includes data compiled by the International Monetary Fund's World Economic Outlook for 2016, the second list shows the World Bank's 2016 estimates, and the third list includes data compiled by the United Nations Statistics Division for 2015. Several economies which are not considered to be countries (the world, the European Union, and some dependent territories) are included in the lists because they appear in the sources as distinct economies. These economies are italicized and not ranked in the charts, but are listed where applicable.

Lists

Per the International Monetary Fund (2016)[1] Per the World Bank (2016)[20] Per the United Nations (2015)[21][22]
Rank Country GDP
(millions of US$)
 World[19]75,278,049
1 United States18,569,100
 European Union[n 1][19]16,408,364
2 China[n 2]11,218,281
3 Japan4,938,644
4 Germany3,466,639
5 United Kingdom2,629,188
6 France2,463,222
7 India2,256,397
8 Italy1,850,735
9 Brazil1,798,622
10 Canada1,529,224
11 South Korea1,411,246
12 Russia[n 3]1,280,731
13 Australia1,258,978
14 Spain1,232,597
15 Mexico1,046,002
16 Indonesia932,448
17 Turkey857,429
18 Netherlands771,163
19  Switzerland659,850
20 Saudi Arabia639,617
21 Argentina545,124
22 Taiwan528,550
23 Sweden511,397
24 Poland467,591
25 Belgium466,960
26 Thailand406,949
27 Nigeria405,952
28 Austria386,752
29 Iran376,755
30 United Arab Emirates371,353
31 Norway370,449
32 Egypt332,349
33 Hong Kong320,668
34 Israel318,386
35 Denmark306,730
36 Philippines304,696
37 Singapore296,967
38 Malaysia296,359
39 South Africa294,132
40 Ireland293,605
41 Venezuela287,274
42 Pakistan284,185
43 Colombia282,357
44 Chile247,025
45 Finland236,883
46 Bangladesh227,901
47 Portugal204,761
48 Vietnam201,326
49 Peru195,140
50 Greece194,248
51 Czech Republic192,991
52 Romania187,039
53 New Zealand181,991
54 Iraq167,026
55 Algeria160,784
56 Qatar156,734
57 Kazakhstan133,757
58 Hungary125,675
59 Kuwait109,859
60 Morocco103,615
61 Puerto Rico101,304
62 Ecuador98,010
63 Angola95,821
64 Sudan94,421
65 Ukraine93,263
66 Slovakia89,525
67 Sri Lanka82,615
68 Syria[n 4]77,460
69 Ethiopia72,523
70 Dominican Republic72,194
71 Kenya68,919
72 Guatemala68,175
73 Uzbekistan66,502
74 Myanmar66,324
75 Oman63,171
76 Luxembourg59,468
77 Costa Rica58,109
78 Panama55,122
79 Uruguay54,567
80 Bulgaria52,418
81 Lebanon51,991
82 Croatia50,441
83 Belarus48,847
84 Tanzania47,184
85 Macau44,110
86 Slovenia44,009
87 Ghana43,264
88 Lithuania42,749
89 Tunisia41,869
90 Democratic Republic of the Congo41,615
91 Jordan38,743
92 Serbia37,745
93 Azerbaijan37,556
94 Turkmenistan36,180
95 Côte d'Ivoire35,489
96 Bolivia34,831
97 Libya33,157
98 Bahrain31,907
99 Cameroon29,334
100 Latvia27,684
101 Paraguay27,441
102 Yemen27,318
103 El Salvador26,709
104 Uganda26,195
105 Estonia23,130
106 Honduras21,364
107 Zambia21,310
108   Nepal21,154
109 Trinidad and Tobago20,966
110 Iceland20,047
111 Papua New Guinea20,003
112 Cyprus19,810
113 Cambodia19,398
114 Afghanistan18,886
115 Bosnia and Herzegovina16,605
116 Botswana15,018
117 Senegal14,785
118 Gabon14,273
119 Georgia14,222
120 Zimbabwe14,174
121 Mali13,960
122 Jamaica13,950
123 Laos13,790
124 Nicaragua13,049
125 Albania12,126
126 Mauritius11,950
127 Burkina Faso11,182
128 Equatorial Guinea11,636
129 Mozambique11,283
130 Brunei11,182
131 Mongolia11,031
132 Malta10,953
133 Macedonia10,912
134 Namibia10,646
135 Armenia10,499
136 Chad10,103
137 Madagascar9,740
138 Bahamas8,939
139 Benin8,577
140 Rwanda8,406
141 Haiti8,257
142 Republic of Congo7,955
143 Niger7,479
144 Tajikistan6,922
145 Moldova6,750
146 Kosovo6,707
147 Kyrgyzstan6,551
148 Guinea6,512
149 Malawi5,492
150 Eritrea5,352
151 Mauritania4,714
152 Fiji4,640
153 Barbados4,588
154 Togo4,434
155 Montenegro4,126
156 Sierra Leone3,981
157 Swaziland3,770
158 Suriname3,570
159 Guyana3,437
160 Maldives3,379
161 Burundi3,133
162 South Sudan2,914
163 Timor-Leste2,498
164 Lesotho2,267
165 Bhutan2,115
166 Liberia2,111
167 Djibouti1,894
168 Central African Republic1,780
169 Belize1,743
170 Cabo Verde1,636
171 San Marino1,592
172 Seychelles1,405
173 Antigua and Barbuda1,398
174 St. Lucia1,385
175 Solomon Islands1,184
176 Guinea-Bissau1,155
177 Grenada1,027
178 The Gambia965
179 St. Kitts and Nevis903
180 Samoa786
181 St. Vincent and the Grenadines775
182 Vanuatu773
183 Comoros620
184 Dominica520
185 Tonga403
186 São Tomé and Príncipe350
187 Federated States of Micronesia322
188 Palau293
189 Marshall Islands183
190 Kiribati167
191 Tuvalu34
Rank Country GDP
(millions of US$)
 World75,641,577
1 United States18,569,100
 European Union[n 1][23]16,397,979
2 China[n 5]11,199,145
3 Japan4,939,383
4 Germany3,466,756
5 United Kingdom2,618,885
6 France2,465,453
7 India2,263,522
8 Italy1,849,970
9 Brazil1,796,186
10 Canada1,529,760
11 South Korea1,411,245
12 Russia[n 3]1,283,162
13 Spain1,232,088
14 Australia1,204,616
15 Mexico1,045,998
16 Indonesia932,259
17 Turkey857,748
18 Netherlands770,845
19  Switzerland659,827
20 Saudi Arabia646,438
21 Argentina545,866
22 Sweden510,999
23 Poland469,508
24 Belgium466,365
25 Iran425,326
26 Thailand406,839
27 Nigeria405,082
28 Austria386,427
29 Norway370,556
30 Venezuela371,337
31 United Arab Emirates370,293
32 Egypt330,779
33 South Africa312,798
34 Hong Kong309,929
35 Malaysia296,218
36 Israel296,075
37 Denmark295,164
38 Singapore292,739
39 Colombia292,080
40 Philippines291,965
41 Pakistan269,971
42 Chile240,216
43 Ireland238,020
44 Finland229,810
45 Portugal198,931
46 Greece195,212
47 Bangladesh195,079
48 Vietnam193,599
49 Peru192,084
50 Kazakhstan184,361
51 Czech Republic181,811
52 Romania177,954
53 New Zealand173,754
54 Iraq168,607
55 Qatar166,908
56 Algeria166,839
57 Hungary120,687
58 Kuwait112,812
59 Puerto Rico103,135
60 Angola102,643
61 Ecuador100,872
62 Morocco[n 6]100,360
63 Ukraine90,615
64 Slovakia86,582
65 Sudan84,067
66 Sri Lanka82,316
67 Cuba (2013)77,150
68 Oman70,255
69 Dominican Republic67,103
70 Uzbekistan66,733
71 Myanmar64,866
72 Guatemala63,794
73 Kenya63,398
74 Ethiopia61,537
75 Luxembourg57,794
76 Belarus54,609
77 Uruguay53,443
78 Azerbaijan53,047
79 Panama52,132
80 Costa Rica51,107
81 Bulgaria48,953
82 Croatia48,732
83 Lebanon47,103
84 Macau46,178
85 Tanzania[n 7]44,895
86 Tunisia43,015
87 Slovenia42,747
88 Lithuania41,244
89 Ghana37,864
90 Jordan37,517
91 Turkmenistan37,334
92 Serbia36,513
93 Yemen35,955
94 Democratic Republic of the Congo35,238
95 Bolivia33,197
96 Bahrain32,221
97Cote d'Ivoire Côte d'Ivoire31,753
98 Cameroon29,198
99 Libya29,153
100 Trinidad and Tobago27,806
101 Paraguay27,623
102 Latvia27,035
103 Uganda26,369
104 El Salvador25,850
105 Estonia22,691
106 Zambia21,202
107   Nepal20,881
108 Honduras20,152
109 Cyprus[n 8]19,320
110 Afghanistan19,199
111 Bosnia and Herzegovina18,521
112 Gabon18,180
113 Brunei17,105
114 Iceland17,036
115 Papua New Guinea16,929
116 Cambodia16,778
117 Georgia[n 9]16,530
118 Mozambique15,938
119 Botswana15,813
120 Senegal15,658
121 Equatorial Guinea15,530
122 Zimbabwe14,197
123 Republic of the Congo14,177
124 Chad13,922
125 Jamaica13,891
126 South Sudan13,282
127 Albania13,212
128 Namibia12,995
129 Mauritius12,630
130 Burkina Faso12,542
131 Mali12,037
132 Mongolia12,016
133 Laos11,997
134 Nicaragua11,806
135 Armenia11,644
136 Macedonia11,324
137 Madagascar10,593
138 Malta9,643
139 Benin9,575
140 Tajikistan9,242
141 Haiti8,713
142 The Bahamas8,511
143 Niger8,169
144 Moldova[n 10]7,962
145 Rwanda7,890
146 Kyrgyzstan7,404
147 Kosovo7,387
148 Guinea6,624
149 Somalia5,707
150 Bermuda5,574
151 Liechtenstein5,488
152 Suriname5,210
153 Mauritania5,061
154 Sierra Leone4,838
155 Montenegro4,588
156 Fiji4,532
157 Togo4,518
158 Swaziland4,413
159 Barbados4,355
160 Malawi4,258
161 Andorra3,249
162 Guyana3,097
163 Burundi3,094
164 Maldives3,062
165 Faroe Islands2,613
166 Greenland2,441
167 Lesotho2,181
168 Liberia2,013
169 Bhutan1,959
170 Cape Verde1,871
171 Central African Republic1,723
172 Belize1,699
173 Djibouti1,589
174 Seychelles1,423
175 Timor-Leste1,417
176 Saint Lucia1,404
177 Antigua and Barbuda1,221
178 Solomon Islands1,158
179 Guinea-Bissau1,209
180 The Gambia851
181 Grenada884
182 Saint Kitts and Nevis852
183 Vanuatu815
184 Samoa800
185 Saint Vincent and the Grenadines729
186 Comoros624
187 Dominica524
188 Tonga434
189Sao Tome and Principe São Tomé and Príncipe337
190 Federated States of Micronesia318
191 Palau251
192 Marshall Islands187
193 Kiribati167
194 Tuvalu38
Rank Country GDP
(millions of US$)
 World[24]74,196,404
1 United States18,036,648
 European Union[n 1][25]16,832,631
2 China[n 5]11,158,457
3 Japan4,383,076
4 Germany3,363,600
5 United Kingdom2,858,003
6 France2,418,946
7 India2,116,239
8 Italy1,821,580
9 Brazil1,772,591
10 Canada1,552,808
11 South Korea1,377,873
12 Russia[n 3]1,326,016
13 Australia1,230,859
14 Spain1,192,955
15 Mexico1,140,724
16 Indonesia861,934
17 Netherlands750,318
18 Turkey717,887
19  Switzerland670,789
20 Saudi Arabia653,219
21 Sweden571,090
22 Nigeria568,499
23 Poland544,959
24 Argentina543,490
25 Belgium531,547
26 Venezuela509,968
27 Norway500,519
28 Austria436,888
29 Iran425,326
30 Thailand404,824
31 United Arab Emirates399,451
32 Colombia377,740
33 South Africa349,819
34 Denmark346,119
35 Malaysia326,933
36 Singapore307,872
37 Israel305,673
38 Philippines290,896
39 Egypt282,242
40 Hong Kong274,027
41 Finland272,217
42 Chile258,062
43 Pakistan251,255
44 Ireland250,814
45 Greece235,574
46 Portugal230,117
47 Iraq225,422
48 Kazakhstan216,036
49 Algeria213,518
50 Qatar211,817
51 Czech Republic205,270
52 Peru201,809
53 Romania199,045
54 New Zealand198,652
55 Vietnam186,205
56 Bangladesh173,062
57 Kuwait163,637
58 Angola146,676
59 Hungary138,347
60 Ukraine131,806
61 Morocco110,009
62 Puerto Rico103,676
63 Ecuador100,917
64 Slovakia100,249
65 Cuba87,205
66 Sudan81,894
67 Oman81,797
68 Belarus76,139
69 Azerbaijan75,193
70 Sri Lanka74,941
71 Myanmar66,478
72 Luxembourg64,874
73 Dominican Republic63,969
74 Uzbekistan63,030
75 Kenya60,936
76 Guatemala58,827
77 Uruguay57,471
78 Croatia57,137
79 Bulgaria56,718
80 Macau55,502
81 Ethiopia53,638
82 Lebanon49,631
83 Costa Rica49,553
84 Slovenia49,491
85 Panama49,166
86 Lithuania48,392
87 Tanzania48,030
88 Turkmenistan47,932
89 Tunisia47,423
90 Serbia43,866
91 Libya41,319
92 Ghana37,177
93 Yemen37,131
94 Democratic Republic of the Congo35,909
95 Jordan35,827
96Cote d'Ivoire Côte d'Ivoire34,254
97 Bahrain33,850
98 Bolivia32,996
99 Cameroon32,051
100 Latvia31,286
101 Paraguay30,985
102 Trinidad and Tobago28,069
103 Uganda27,465
104 Zambia26,963
105 Estonia26,485
106 El Salvador25,164
107 Cyprus23,077
108 Afghanistan21,122
109 Honduras19,497
110   Nepal19,489
111 Bosnia and Herzegovina18,491
112 Gabon17,412
113 North Korea17,396
114 Brunei17,104
115 Mozambique17,081
116 Iceland17,036
117 Cambodia16,778
118 Equatorial Guinea16,731
119 Papua New Guinea16,576
120 Georgia16,530
121 Botswana15,813
122 Senegal15,658
123 Zimbabwe14,719
124 Congo, Republic of the14,077
125 Jamaica13,927
126 Namibia13,429
127 Albania13,413
128 Chad12,791
129 Arab Palestinian areas12,766
130 Burkina Faso12,756
131 Mauritius12,616
132 Mongolia12,067
133 Mali11,979
134 Nicaragua11,806
135 Laos11,749
136 Macedonia11,319
137 South Sudan11,007
138 Armenia10,889
139 Madagascar10,674
140 Malta10,536
141 New Caledonia10,234
142 Benin9,575
143 Tajikistan9,242
144 Haiti8,599
145 The Bahamas8,510
146 Niger8,169
147 Moldova7,944
148 Rwanda7,903
149 Kyrgyzstan7,404
150 Kosovo7,387
151 Monaco7,060
152 Guinea6,579
153 Liechtenstein5,855
154 Malawi5,720
155 French Polynesia5,623
156 Bermuda5,601
157 Suriname5,210
158 Mauritania5,092
159 Timor-Leste4,970
160 Sierra Leone4,893
161 Montenegro4,588
162 Togo4,576
163 Fiji4,532
164 Swaziland4,482
165 Barbados4,353
166 Eritrea3,858
167 Cayman Islands3,480
168 Andorra3,278
169 Curaçao3,159
170 Guyana3,086
171 Maldives3,032
172 Burundi2,869
173 Aruba2,664
174 Greenland2,441
175 Liberia2,122
176 Lesotho2,081
177 Bhutan1,965
178 Cape Verde1,855
179 San Marino1,845
180 Central African Republic1,838
181 Belize1,699
182 Djibouti1,589
183 Seychelles1,511
184 Saint Lucia1,406
185 Somalia1,375
186 Zanzibar1,289
187 Antigua and Barbuda1,248
188 Guinea-Bissau1,209
189 Solomon Islands1,103
190 Sint Maarten1,059
191 British Virgin Islands902
192 Grenada884
193 Saint Kitts and Nevis852
194 The Gambia851
195 Samoa824
196 Vanuatu812
197 Turks and Caicos Islands797
198 Saint Vincent and the Grenadines729
199 Comoros648
200 Dominica533
201 Tonga435
202Sao Tome and Principe São Tomé and Príncipe337
203 Federated States of Micronesia308
204 Cook Islands311
205 Anguilla311
206 Palau234
207 Marshall Islands209
208 Nauru182
209 Kiribati180
210 Montserrat63
211 Tuvalu38

See also

Notes

  1. 1 2 3 The European Union (EU) is an economic and political union of 28 member states that are located primarily in Europe.
  2. Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
  3. 1 2 3 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. 1 2 Figures exclude special administrative regions of Hong Kong and Macau.
  6. Includes Former Spanish 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

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