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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]

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 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. 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.

Contents

Lists

Per the International Monetary Fund (2017)[1] Per the World Bank (2016)[20] Per the United Nations (2016)[21][22]
Rank Country GDP
(US$MM)
   World[19] 79,865,481
1   United States 19,390,600
  European Union[n 1][19] 17,308,862
2   China[n 2] 12,014,610
3   Japan 4,872,135
4   Germany 3,684,816
  Mercosur[n 3] 2,780,720
5   United Kingdom 2,624,529
6   India 2,611,012
7   France 2,583,560
8   Brazil 2,054,969
9   Italy 1,937,894
  Eurasian Economic Union[n 4] 1,760,842
10   Canada 1,652,412
11   South Korea 1,538,030
12   Russia[n 5] 1,527,469
  Gulf Cooperation Council[n 6] 1,457,108
13   Australia 1,379,548
14   Spain 1,313,951
15   Mexico 1,149,236
16   Indonesia 1,015,411
17   Turkey 849,480
18   Netherlands 825,745
19   Saudi Arabia 683,827
20    Switzerland 678,575
21   Argentina 637,717
22   Taiwan 579,302
23   Sweden 538,575
24   Poland 524,886
25   Belgium 494,733
26   Thailand 455,378
27   Iran 431,920
28   Austria 416,845
29   Norway 396,457
30   United Arab Emirates 377,435
31   Nigeria 376,284
32   Israel 350,609
33   South Africa 349,299
34   Hong Kong 341,659
35   Ireland 333,994
36   Denmark 324,484
37   Singapore 323,902
38   Malaysia 314,497
39   Philippines 313,419
40   Colombia 309,197
41   Pakistan 303,993
42   Chile 277,042
  SICA - Central American Monetary Council[n 7] 273,425
43   Bangladesh 261,374
44   Finland 253,244
45   Egypt 237,073
46   Vietnam 220,408
47   Portugal 218,064
48   Peru 215,224
49   Czech Republic 213,189
50   Romania 211,315
51   Venezuela 210,085
52   New Zealand 201,485
53   Greece 200,690
54   Iraq 197,699
55   Algeria 178,287
56   Qatar 166,326
57   Kazakhstan 160,839
58   Hungary 152,284
59   Angola 124,209
60   Kuwait 120,351
61   Morocco 109,824
62   Ukraine 109,321
63   Ecuador 102,311
64   Puerto Rico 98,805
65   Slovakia 95,938
66   Sri Lanka 87,591
67   Ethiopia 80,874
68   Kenya 79,511
  Syria[n 8] 77,460/Na
69   Guatemala 75,661
70   Dominican Republic 75,018
71   Oman 74,274
72   Myanmar 66,537
73   Luxembourg 62,393
74   Uruguay 58,415
75   Panama 61,838
76   Costa Rica 58,056
77   Sudan 58,239
78   Bulgaria 56,943
  CARICOM Single Market and Economy[n 9] 55,211
79   Croatia 54,516
80   Belarus 54,436
81   Tanzania 51,725
82   Lebanon 51,457
83   Macau 49,802
84   Slovenia 48,868
85   Uzbekistan 47,883
86   Lithuania 47,263
87   Ghana 47,032
88   Serbia 41,471
89   Democratic Republic of the Congo 41,441
90   Azerbaijan 40,670
91   Jordan 40,487
92   Côte d'Ivoire 40,360
93   Tunisia 40,275
94   Turkmenistan 37,926
95   Bolivia 37,122
96   Bahrain 34,895
97   Cameroon 34,006
98   Libya 31,331
99   Latvia 30,319
100   Paraguay 29,619
101   El Salvador 28,023
102   Uganda 26,349
103   Estonia 25,973
104   Zambia 25,504
105     Nepal 24,472
106   Iceland 23,909
107   Papua New Guinea 23,617
108   Honduras 22,975
109   Cambodia 22,252
110   Cyprus 21,310
111   Afghanistan 20,889
112   Trinidad and Tobago 20,300
113   Bosnia and Herzegovina 17,457
114   Laos 17,152
115   Zimbabwe 17,105
116   Botswana 16,725
117   Yemen 16,511
118   Senegal 16,057
119   Georgia 15,230
120   Mali 14,998
121   Gabon 14,467
122   Jamaica 14,290
123   Nicaragua 13,692
124   Burkina Faso 13,187
125   Albania 13,001
126   Namibia 12,558
127   Mozambique 12,345
128   Mauritius 12,273
129   Malta 12,011
130   Brunei 11,963
131   Macedonia 11,416
132   Armenia 11,037
133   Mongolia 10,869
134   Madagascar 10,557
135   Equatorial Guinea 10,069
136   Chad 9,740
137   Benin 9,410
138   Guinea 9,183
139   Bahamas 9,127
140   Rwanda 8,918
141   Kosovo 8,883
142   Haiti 8,360
143   Moldova 7,945
144   Niger 7,892
145   Republic of Congo 7,799
146   Tajikistan 7,234
147   Kyrgyzstan 7,061
148   Malawi 6,261
149   Eritrea 6,050
150   Fiji 5,054
151   Mauritania 4,985
152   Barbados 4,821
153   Togo 4,797
154   Maldives 4,520
155   Montenegro 4,405
156   Swaziland 4,030
157   Sierra Leone 3,897
158   Suriname 3,665
159   Guyana 3,591
160   Burundi 3,393
161   South Sudan 2,870
162   Lesotho 2,721
163   Timor-Leste 2,716
164   Bhutan 2,321
165   Liberia 2,140
166   Djibouti 2,082
167   Central African Republic 1,992
168   Belize 1,819
169   Cape Verde 1,728
170   St. Lucia 1,717
171   San Marino 1,592
172   Antigua and Barbuda 1,535
173   Seychelles 1,479
174   Guinea-Bissau 1,295
175   Solomon Islands 1,273
176   Grenada 1,111
177   The Gambia 1,038
178   St. Kitts and Nevis 939
179   Samoa 844
180   Vanuatu 837
181   St. Vincent and the Grenadines 815
182   Comoros 659
183   Dominica 608
184   Tonga 437
185   São Tomé and Príncipe 372
186   Federated States of Micronesia 329
187   Palau 321
188   Marshall Islands 199
189   Kiribati 186
190   Tuvalu 40
191    Vatican City 2
Rank Country GDP
(US$MM)
   World 75,543,543
1   United States 18,624,475
  European Union[n 1][23] 16,397,980
2   China[n 10] 11,199,145
3   Japan 4,940,158
4   Germany 3,477,796
5   United Kingdom 2,647,898
6   France 2,465,453
  Mercosur[n 3] 2,421,913
7   India 2,263,792
8   Italy 1,858,913
9   Brazil 1,796,186
10   Canada 1,529,760
  Eurasian Economic Union[n 4] 1,481,350
11   South Korea 1,411,246
  Gulf Cooperation Council[n 6] 1,358,614
12   Russia[n 5] 1,283,162
13   Spain 1,237,255
14   Australia 1,204,616
15   Mexico 1,046,922
16   Indonesia 932,259
17   Turkey 857,711
18   Netherlands 777,227
19    Switzerland 668,851
20   Saudi Arabia 646,438
21   Argentina 545,866
22   Sweden 511,000
23   Poland 469,509
24   Belgium 466,366
25   Iran 425,326
26   Thailand 406,840
27   Nigeria 405,083
28   Austria 386,428
29   Venezuela 371,337
30   Norway 370,557
31   United Arab Emirates 348,743
32   Egypt 336,297
33   Hong Kong 320,912
34   Israel 318,744
35   Denmark 306,143
36   Philippines 304,905
37   Singapore 296,966
38   Malaysia 296,359
39   South Africa 294,841
40   Ireland 294,054
41   Pakistan 283,660
42   Colombia 282,463
  SICA - Central American Monetary Council[n 7] 259,328
43   Chile 247,028
44   Finland 236,785
45   Bangladesh 221,415
46   Portugal 204,565
47   Vietnam 202,616
48   Greece 194,559
49   Czech Republic 192,925
50   Peru 192,094
51   Romania 186,691
52   New Zealand 185,017
53   Iraq 171,489
54   Algeria 156,080
55   Qatar 152,469
56   Kazakhstan 133,657
57   Hungary 124,343
58   Kuwait 112,812
59   Puerto Rico 103,135
60   Morocco[n 11] 101,445
61   Ecuador 97,802
62   Sudan 95,584
63   Ukraine 93,270
64   Angola 89,633
65   Slovakia 89,552
66   Sri Lanka 81,322
67   Ethiopia 72,374
68   Dominican Republic 71,584
69   Kenya 70,529
70   Guatemala 68,763
71   Myanmar 67,430
72   Uzbekistan 67,220
73   Oman 66,293
74   Luxembourg 59,948
75   Costa Rica 57,436
76   Panama 55,188
  CARICOM Single Market and Economy[n 9] 54,493
77   Uruguay 52,420
78   Bulgaria 52,395
79   Croatia 50,425
80   Lebanon 47,537
81   Belarus 47,433
82   Tanzania[n 12] 47,431
83   Macau 44,803
84   Slovenia 43,991
85   Lithuania 42,739
86   Ghana 42,690
87   Tunisia 42,063
88   Jordan 38,655
89   Azerbaijan 37,848
90   Serbia 37,745
91   Turkmenistan 36,180
92 Cote d'Ivoire  Côte d'Ivoire 36,165
93   Democratic Republic of the Congo 34,999
94   Bolivia 33,806
95   Bahrain 31,859
96   Libya 29,153
97   Latvia 27,677
98   Paraguay 27,441
99   Yemen 27,318
100   El Salvador 26,797
101   Uganda 25,528
102   Cameroon 24,204
103   Estonia 23,137
104   Honduras 21,517
105     Nepal 21,144
106   Trinidad and Tobago 20,989
107   Iceland 20,047
108   Cambodia 20,017
109   Cyprus[n 13] 19,802
110   Zambia 19,551
111   Afghanistan 19,469
112   Papua New Guinea 16,929
113   Bosnia and Herzegovina 16,560
114   Zimbabwe 16,289
115   Laos 15,903
116   Botswana 15,275
117   Senegal 14,765
118   Georgia[n 14] 14,333
119   Gabon 14,214
120   Mali 14,045
121   Jamaica 14,027
122   South Sudan 13,282
123   Nicaragua 13,231
124   Mauritius 12,164
125   Burkina Faso 12,115
126   Albania 11,927
127   Brunei 11,400
128   Mongolia 11,160
129   Mozambique 11,015
130   Malta 10,949
131   Macedonia 10,900
132   Armenia 10,547
133   Namibia 10,267
134   Equatorial Guinea 10,179
135   Madagascar 9,991
136   Chad 9,601
137   The Bahamas 9,047
138   Benin 8,583
139   Rwanda 8,376
140   Haiti 8,023
141   Republic of the Congo 7,834
142   Niger 7,509
143   Kosovo 7,047
144   Tajikistan 6,952
145   Moldova[n 15] 6,750
146   Kyrgyzstan 6,551
147   Guinea 6,299
148   Somalia 6,217
149   Bermuda 5,574
150   Liechtenstein 5,488
151   Malawi 5,442
152   Mauritania 4,635
153   Fiji 4,632
154   Barbados 4,588
155   Togo 4,400
156   Montenegro 4,173
157   Swaziland 3,727
158   Sierra Leone 3,669
159   Suriname 3,621
160   Maldives 3,591
161   Guyana 3,446
162   Andorra 3,249
163   Burundi 3,007
164   Faroe Islands 2,613
165   Greenland 2,441
166   Bhutan 2,237
167   Lesotho 2,200
168   Liberia 2,101
169   Belize 1,765
170   Central African Republic 1,756
171   Cape Verde 1,617
172   Djibouti 1,589
173   Antigua and Barbuda 1,449
174   Seychelles 1,427
175   Timor-Leste 1,417
176   Saint Lucia 1,379
177   Solomon Islands 1,202
178   Guinea-Bissau 1,126
179   Grenada 1,016
180   The Gambia 965
181   Saint Kitts and Nevis 917
182   Samoa 786
183   Vanuatu 774
184   Saint Vincent and the Grenadines 771
185   Comoros 617
186   Dominica 525
187   Tonga 395
188 Sao Tome and Principe  São Tomé and Príncipe 351
189   Federated States of Micronesia 322
190   Palau 293
191   Marshall Islands 183
192   Kiribati 166
193   Nauru 102
194   Tuvalu 34
Rank Country GDP
(US$MM)
   World[24] 75,648,448
1   United States 18,624,475
  European Union[n 1][25] 16,332,631
2   China[n 10] 11,218,281
3   Japan 4,936,211
4   Germany 3,477,796
5   United Kingdom 2,647,898
6   France 2,465,453
  Mercosur[n 3] 2,430,247
7   India 2,259,642
8   Italy 1,858,913
9   Brazil 1,795,925
  Eurasian Economic Union[n 4] 1,556,483
  Gulf Cooperation Council[n 6] 1,530,169
10   Canada 1,529,760
11   South Korea 1,411,245
12   Australia 1,304,463
13   Russia[n 5] 1,246,015
14   Spain 1,237,255
15   Mexico 1,076,914
16   Indonesia 932,259
17   Turkey 863,711
18   Netherlands 777,227
19    Switzerland 668,851
20   Saudi Arabia 639,617
21   Argentina 545,866
22   Sweden 514,475
23   Poland 471,402
24   Belgium 467,955
25   Iran 425,402
26   Thailand 407,026
27   Nigeria 404,649
28   Austria 390,799
29   Norway 371,068
30   United Arab Emirates 399,451
31   Colombia 377,740
32   South Africa 349,819
33   Denmark 346,119
34   Malaysia 326,933
35   Singapore 307,872
36   Israel 305,673
37   Venezuela 291,376
38   Philippines 290,896
39   Egypt 282,242
40   Hong Kong 274,027
41   Finland 272,217
42   Chile 258,062
43   Pakistan 251,255
44   Ireland 250,814
45   Greece 235,574
46   Portugal 230,117
  SICA - Central American Monetary Council[n 7] 228,816
47   Iraq 225,422
48   Kazakhstan 216,036
49   Algeria 213,518
50   Qatar 211,817
51   Czech Republic 205,270
52   Peru 201,809
53   Romania 199,045
54   New Zealand 198,652
55   Vietnam 186,205
56   Bangladesh 173,062
57   Kuwait 163,637
58   Angola 146,676
59   Hungary 138,347
60   Ukraine 131,806
61   Morocco 110,009
62   Puerto Rico 103,676
63   Ecuador 100,917
64   Slovakia 100,249
65   Cuba 89,689
66   Sudan 81,894
67   Oman 81,797
68   Belarus 76,139
69   Azerbaijan 75,193
70   Sri Lanka 74,941
71   Myanmar 66,478
72   Luxembourg 64,874
73   Dominican Republic 63,969
74   Uzbekistan 63,030
  CARICOM Single Market and Economy[n 9] 61,996
75   Kenya 60,936
76   Guatemala 58,827
77   Uruguay 57,471
78   Croatia 57,137
79   Bulgaria 56,718
80   Macau 55,502
81   Ethiopia 53,638
82   Lebanon 49,631
83   Costa Rica 49,553
84   Slovenia 49,491
85   Panama 49,166
86   Lithuania 48,392
87   Tanzania 48,030
88   Turkmenistan 47,932
89   Tunisia 47,423
90   Serbia 43,866
91   Libya 41,319
92   Ghana 37,177
93   Yemen 37,131
94   Democratic Republic of the Congo 35,909
95   Jordan 35,827
96 Cote d'Ivoire  Côte d'Ivoire 34,254
97   Bahrain 33,850
98   Bolivia 32,996
99   Cameroon 32,051
100   Latvia 31,286
101   Paraguay 30,985
102   Trinidad and Tobago 28,069
103   Uganda 27,465
104   Zambia 26,963
105   Estonia 26,485
106   El Salvador 25,164
107   Cyprus 23,077
108   Afghanistan 21,122
109   Honduras 19,497
110     Nepal 19,489
111   Bosnia and Herzegovina 18,491
112   Gabon 17,412
113   North Korea 17,396
114   Brunei 17,104
115   Mozambique 17,081
116   Iceland 17,036
117   Cambodia 16,778
118   Equatorial Guinea 16,731
119   Papua New Guinea 16,576
120   Georgia 16,530
121   Botswana 15,813
122   Senegal 15,658
123   Zimbabwe 14,719
124   Congo, Republic of the 14,077
125   Jamaica 13,927
126   Namibia 13,429
127   Albania 13,413
128   Chad 12,791
129   Arab Palestinian areas 12,766
130   Burkina Faso 12,756
131   Mauritius 12,616
132   Mongolia 12,067
133   Mali 11,979
134   Nicaragua 11,806
135   Laos 11,749
136   Macedonia 11,319
137   South Sudan 11,007
138   Armenia 10,889
139   Madagascar 10,674
140   Malta 10,536
141   New Caledonia 10,234
142   Benin 9,575
143   Tajikistan 9,242
144   Haiti 8,599
145   The Bahamas 8,510
146   Niger 8,169
147   Moldova 7,944
148   Rwanda 7,903
149   Kyrgyzstan 7,404
150   Kosovo 7,387
151   Monaco 7,060
152   Guinea 6,579
153   Liechtenstein 5,855
154   Malawi 5,720
155   French Polynesia 5,623
156   Bermuda 5,601
157   Suriname 5,210
158   Mauritania 5,092
159   Timor-Leste 4,970
160   Sierra Leone 4,893
161   Montenegro 4,588
162   Togo 4,576
163   Fiji 4,532
164   Swaziland 4,482
165   Barbados 4,353
166   Eritrea 3,858
167   Cayman Islands 3,480
168   Andorra 3,278
169   Curaçao 3,159
170   Guyana 3,086
171   Maldives 3,032
172   Burundi 2,869
173   Aruba 2,664
174   Greenland 2,441
175   Liberia 2,122
176   Lesotho 2,081
177   Bhutan 1,965
178   Cape Verde 1,855
179   San Marino 1,845
180   Central African Republic 1,838
181   Belize 1,699
182   Djibouti 1,589
183   Seychelles 1,511
184   Saint Lucia 1,406
185   Somalia 1,375
186   Zanzibar 1,289
187   Antigua and Barbuda 1,248
188   Guinea-Bissau 1,209
189   Solomon Islands 1,103
190   Sint Maarten 1,059
191   British Virgin Islands 902
192   Grenada 884
193   Saint Kitts and Nevis 852
194   The Gambia 851
195   Samoa 824
196   Vanuatu 812
197   Turks and Caicos Islands 797
198   Saint Vincent and the Grenadines 729
199   Comoros 648
200   Dominica 533
201   Tonga 435
202 Sao Tome and Principe  São Tomé and Príncipe 337
203   Federated States of Micronesia 308
204   Cook Islands 311
205   Anguilla 311
206   Palau 234
207   Marshall Islands 209
208   Nauru 182
209   Kiribati 180
210   Montserrat 63
211   Tuvalu 38

See also

Notes

  1. ^ a b c 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. ^ a b c Mercosur is an economic union of member states that are located in South America, namely Brazil, Argentina, Uruguai and Paraguai.
  4. ^ a b c The Eurasian Economic Union (EAEU) is an economic union of member states that are located in the former Soviet Union, namely Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan.
  5. ^ a b c Figures exclude Republic of Crimea and Sevastopol.
  6. ^ a b c The Gulf Cooperation Council ('GCC) is an economic union of member states that are located in the Arabian peninsula, namely Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrein.
  7. ^ a b c The Central American Integration System ('SICA) is an economic union of member states that are primarily located in Central America, namely Dominican Republic, Guatemala, Panama, Costa Rica, El Salvador, Honduras, Nicaragua and Belize.
  8. ^ Data for Syria's 2014 GDP is from the September 2011 WEO Database, the latest available from the IMF.
  9. ^ a b c The CARICOM Single Market and Economy ('CSME) is an economic union of member states that are located in the Caribbean Community, namely Trinidad and Tobago, Jamaica, Surinam, Guyana, Barbados, Belize, Antigua and Barbuda, St. Lucia, Grenada, St. Kitts and Nevis, St. Vincent and the Grenadines and Dominica.
  10. ^ a b Figures exclude special administrative regions of Hong Kong and Macau.
  11. ^ Includes Western Sahara.
  12. ^ Covers mainland Tanzania only.
  13. ^ Data are for the area controlled by the Government of the Republic of Cyprus.
  14. ^ Excludes Abkhazia and South Ossetia.
  15. ^ Excludes data for Transnistria.

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