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List of countries by GDP (nominal)

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, 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 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 (2018)[20] Per the United Nations (2017)[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   Germany 3,863,344
5   India 2,935,570
6   United Kingdom 2,743,586
7   France 2,707,074
8   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   Spain 1,397,870
14   Australia 1,376,255
15   Mexico 1,274,175
16   Indonesia 1,111,713
17   Netherlands 902,355
18   Saudi Arabia 779,289
19   Turkey 743,708
20    Switzerland 715,360
  Taiwan 586,104
21   Poland 565,854
22   Thailand 529,177
23   Sweden 528,929
24   Belgium 517,609
25   Iran 458,500
26   Austria 447,718
27   Nigeria 446,543
28   Argentina 445,469
29   United Arab Emirates 405,771
30   Norway 417,627
31   Israel 387,717
  Hong Kong 372,989
32   Ireland 384,940
33   Malaysia 365,303
34   Singapore 362,818
35   South Africa 358,839
36   Philippines 356,814
37   Denmark 347,176
38   Colombia 327,895
39   Bangladesh 317,465
40   Egypt 302,256
41   Chile 294,237
42   Pakistan 284,214
43   Finland 269,654
44   Vietnam 261,637
45   Czech Republic 246,953
46   Romania 243,698
47   Portugal 236,408
48   Peru 228,989
49   Iraq 224,462
50   Greece 214,012
51   New Zealand 204,671
52   Qatar 191,849
53   Algeria 172,781
54   Hungary 170,407
55   Kazakhstan 170,326
56   Ukraine 150,401
57   Kuwait 137,591
58   Morocco 119,040
59   Ecuador 107,914
60   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   Luxembourg 69,453
70   Panama 68,536
71   Ghana 67,077
72   Bulgaria 66,250
73   Myanmar 65,994
74   Tanzania 62,224
75   Belarus 62,572
76   Costa Rica 61,021
77   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   Slovenia 54,154
83   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   Latvia 35,045
96   Libya 33,018
97   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   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   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
  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   Tuvalu 42
Rank Country/Territory GDP
(US$million)
   World 85,804,391
1   United States 20,494,100
2   China[n 5] 13,608,152
3   Japan 4,970,916
4   Germany 3,996,759
5   United Kingdom 2,825,208
6   France 2,777,535
7   India 2,726,323
8   Italy 2,073,902
9   Brazil 1,868,626
10   Canada 1,712,510
11   Russia[n 3] 1,657,554
12   Korea, South 1,619,424
13   Australia 1,432,195
14   Spain 1,426,189
15   Mexico 1,223,809
16   Indonesia 1,042,173
17   Netherlands 913,658
18   Saudi Arabia 782,483
19   Turkey 766,509
20    Switzerland 705,501
21   Poland 585,783
  Taiwan 574,905 (2017)
22   Sweden 551,032
23   Belgium 531,767
24   Argentina 518,475
25   Thailand 504,993
26   Austria 455,737
27   Iran 454,013 (2017)
28   Norway 434,751
29   United Arab Emirates 414,179
30   Nigeria 397,270
31   Ireland 382,487
32   Israel 369,690
33   South Africa 368,288
34   Singapore 364,157
  Hong Kong 362,993
35   Malaysia 354,348
36   Denmark 352,058
37   Philippines 330,910
38   Colombia 330,228
39   Pakistan 312,570
40   Chile 298,231
41   Bangladesh 274,025
42   Finland 273,961
43   Egypt 250,895
44   Czech Republic 245,226
45   Vietnam 244,948
46   Romania 239,553
47   Portugal 237,979
48   Iraq 225,914
49   Peru 222,238
50   Greece 218,032
51   New Zealand 205,025
52   Qatar 192,009
53   Algeria 180,689
54   Kazakhstan 170,539
55   Hungary 155,703
56   Kuwait 141,678
57   Ukraine 130,832
58   Morocco[n 6] 118,495
59   Ecuador 108,398
60   Slovak Republic 106,472
61   Angola 105,751
62   Cuba 96,851 (2017)
63   Sri Lanka 88,901
64   Kenya 87,908
65   Ethiopia 84,355
66   Dominican Republic 81,299
67   Oman 79,295
68   Guatemala 78,460
69   Myanmar 71,215
70   Luxembourg 69,488
71   Ghana 65,556
72   Bulgaria 65,133
73   Panama 65,055
74   Croatia 60,806
75   Costa Rica 60,126
76   Belarus 59,663
77   Uruguay 59,597
78   Tanzania[n 7] 57,437
79   Lebanon 56,639
  Macau 54,545
80   Slovenia 54,235
81   Lithuania 53,251
82   Serbia 50,508
83   Uzbekistan 50,500
84   Libya 48,320
85   Congo, Democratic Republic of the 47,228
86   Azerbaijan 46,940
87   Cote d'Ivoire 43,007
88   Jordan 42,291
89   Sudan 40,852
90   Paraguay 40,842
91   Turkmenistan 40,761
92   Bolivia 40,288
93   Tunisia 39,861
94   Cameroon 38,502
95   Bahrain 37,746
96   Latvia 34,849
97   Zimbabwe 31,001
98   Estonia 30,285
99     Nepal 28,812
100   Uganda 27,477
101   Zambia 26,720
102   El Salvador 26,057
103   Iceland 25,882
104   Cambodia 24,572
105   Cyprus[n 8] 24,470
106   Senegal 24,130
107   Honduras 23,803
108   Papua New Guinea 23,432
109   Trinidad and Tobago 23,410
110   Bosnia and Herzegovina 19,782
111   Afghanistan 19,363
112   Botswana 18,616
113   Laos 18,131
114   Mali 17,197
115   Gabon 17,017
116   Georgia[n 9] 16,210
117   Jamaica 15,718
118   Albania 15,059
  West Bank and Gaza 14,616
119   Malta 14,542
120   Namibia 14,522
121   Mozambique 14,458
122   Burkina Faso 14,442
123   Mauritius 14,220
124   Brunei 13,567
125   Equatorial Guinea 13,317
126   Nicaragua 13,118
127   Mongolia 13,010
128   North Macedonia 12,672
129   Armenia 12,433
130   Bahamas, The 12,162 (2017)
131   Madagascar 12,100
132   Moldova[n 10] 11,309
133   Chad 11,303
134   Congo, Republic of the 11,264
135   Guinea 10,990
136   Benin 10,359
137   Haiti 9,658
138   Rwanda 9,509
139   Niger 9,240
140   Kyrgyzstan 8,093
  Kosovo 7,900
141   Tajikistan 7,523
142   Malawi 7,065
143   Fiji 5,480
144   Montenegro 5,452
145   Mauritania 5,366
146   Togo 5,300
147   Maldives 5,272
148   Somalia 4,721
149   Eswatini 4,704
150   Barbados 4,674 (2017)
151   Sierra Leone 4,000
152   Guyana 3,610
153   Suriname 3,427
154   Liberia 3,249
155   Andorra 3,237
156   Burundi 3,078
157   Lesotho 2,792
158   Timor-Leste 2,581
159   Bhutan 2,535
160   Central African Republic 2,380
161   Cabo Verde 1,987
162   Djibouti 1,966
163   Belize 1,925
164   Saint Lucia 1,876
165   San Marino 1,633 (2017)
166   Gambia, The 1,624
167   Antigua and Barbuda 1,624
168   Seychelles 1,590
169   Guinea-Bissau 1,458
170   Solomon Islands 1,412
171   Grenada 1,207
172   Comoros 1,203
173   Saint Kitts and Nevis 1,049
174   Vanuatu 888
175   Samoa 861
176   Saint Vincent and the Grenadines 813
177   Dominica 504
178   Tonga 450
179   Sao Tome and Principe 422
180   Micronesia, Federated States of 345
181   Palau 310
182   Marshall Islands 212
183   Kiribati 188
184   Nauru 115
185   Tuvalu 43
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
  Taiwan 579,865
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   Bangladesh 254,646
43   Finland 252,246
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. ^ 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 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. ^ 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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