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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]
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.

Contents

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 States 18,569,100
  European Union[n 1][19] 16,408,364
2   China[n 2] 11,218,281
3   Japan 4,938,644
4   Germany 3,466,639
5   United Kingdom 2,629,188
6   France 2,463,222
7   India 2,256,397
8   Italy 1,850,735
9   Brazil 1,798,622
10   Canada 1,529,224
11   South Korea 1,411,246
12   Russia[n 3] 1,280,731
13   Australia 1,258,978
14   Spain 1,232,597
15   Mexico 1,046,002
16   Indonesia 932,448
17   Turkey 857,429
18   Netherlands 771,163
19    Switzerland 659,850
20   Saudi Arabia 639,617
21   Argentina 545,124
22   Taiwan 528,550
23   Sweden 511,397
24   Poland 467,591
25   Belgium 466,960
26   Thailand 406,949
27   Nigeria 405,952
28   Austria 386,752
29   Iran 376,755
30   United Arab Emirates 371,353
31   Norway 370,449
32   Egypt 332,349
33   Hong Kong 320,668
34   Israel 318,386
35   Denmark 306,730
36   Philippines 304,696
37   Singapore 296,967
38   Malaysia 296,359
39   South Africa 294,132
40   Ireland 293,605
41   Venezuela 287,274
42   Pakistan 284,185
43   Colombia 282,357
44   Chile 247,025
45   Finland 236,883
46   Bangladesh 227,901
47   Portugal 204,761
48   Vietnam 201,326
49   Peru 195,140
50   Greece 194,248
51   Czech Republic 192,991
52   Romania 187,039
53   New Zealand 181,991
54   Iraq 167,026
55   Algeria 160,784
56   Qatar 156,734
57   Kazakhstan 133,757
58   Hungary 125,675
59   Kuwait 109,859
60   Morocco 103,615
61   Puerto Rico 101,304
62   Ecuador 98,010
63   Angola 95,821
64   Sudan 94,421
65   Ukraine 93,263
66   Slovakia 89,525
67   Sri Lanka 82,615
68   Syria[n 4] 77,460
69   Ethiopia 72,523
70   Dominican Republic 72,194
71   Kenya 68,919
72   Guatemala 68,175
73   Uzbekistan 66,502
74   Myanmar 66,324
75   Oman 63,171
76   Luxembourg 59,468
77   Costa Rica 58,109
78   Panama 55,122
79   Uruguay 54,567
80   Bulgaria 52,418
81   Lebanon 51,991
82   Croatia 50,441
83   Belarus 48,847
84   Tanzania 47,184
85   Macau 44,110
86   Slovenia 44,009
87   Ghana 43,264
88   Lithuania 42,749
89   Tunisia 41,869
90   Democratic Republic of the Congo 41,615
91   Jordan 38,743
92   Serbia 37,745
93   Azerbaijan 37,556
94   Turkmenistan 36,180
95   Côte d'Ivoire 35,489
96   Bolivia 34,831
97   Libya 33,157
98   Bahrain 31,907
99   Cameroon 29,334
100   Latvia 27,684
101   Paraguay 27,441
102   Yemen 27,318
103   El Salvador 26,709
104   Uganda 26,195
105   Estonia 23,130
106   Honduras 21,364
107   Zambia 21,310
108     Nepal 21,154
109   Trinidad and Tobago 20,966
110   Iceland 20,047
111   Papua New Guinea 20,003
112   Cyprus 19,810
113   Cambodia 19,398
114   Afghanistan 18,886
115   Bosnia and Herzegovina 16,605
116   Botswana 15,018
117   Senegal 14,785
118   Gabon 14,273
119   Georgia 14,222
120   Zimbabwe 14,174
121   Mali 13,960
122   Jamaica 13,950
123   Laos 13,790
124   Nicaragua 13,049
125   Albania 12,126
126   Mauritius 11,950
127   Burkina Faso 11,182
128   Equatorial Guinea 11,636
129   Mozambique 11,283
130   Brunei 11,182
131   Mongolia 11,031
132   Malta 10,953
133   Macedonia 10,912
134   Namibia 10,646
135   Armenia 10,499
136   Chad 10,103
137   Madagascar 9,740
138   Bahamas 8,939
139   Benin 8,577
140   Rwanda 8,406
141   Haiti 8,257
142   Republic of Congo 7,955
143   Niger 7,479
144   Tajikistan 6,922
145   Moldova 6,750
146   Kosovo 6,707
147   Kyrgyzstan 6,551
148   Guinea 6,512
149   Malawi 5,492
150   Eritrea 5,352
151   Mauritania 4,714
152   Fiji 4,640
153   Barbados 4,588
154   Togo 4,434
155   Montenegro 4,126
156   Sierra Leone 3,981
157   Swaziland 3,770
158   Suriname 3,570
159   Guyana 3,437
160   Maldives 3,379
161   Burundi 3,133
162   South Sudan 2,914
163   Timor-Leste 2,498
164   Lesotho 2,267
165   Bhutan 2,115
166   Liberia 2,111
167   Djibouti 1,894
168   Central African Republic 1,780
169   Belize 1,743
170   Cabo Verde 1,636
171   San Marino 1,592
172   Seychelles 1,405
173   Antigua and Barbuda 1,398
174   St. Lucia 1,385
175   Solomon Islands 1,184
176   Guinea-Bissau 1,155
177   Grenada 1,027
178   The Gambia 965
179   St. Kitts and Nevis 903
180   Samoa 786
181   St. Vincent and the Grenadines 775
182   Vanuatu 773
183   Comoros 620
184   Dominica 520
185   Tonga 403
186   São Tomé and Príncipe 350
187   Federated States of Micronesia 322
188   Palau 293
189   Marshall Islands 183
190   Kiribati 167
191   Tuvalu 34
Rank Country GDP
(millions of US$)
 World 75,543,543
1   United States 18,569,100
  European Union[n 1][23] 16,397,980
2   China[n 5] 11,199,145
3   Japan 4,939,384
4   Germany 3,466,757
5   United Kingdom 2,618,886
6   France 2,465,454
7   India 2,263,522
8   Italy 1,849,970
9   Brazil 1,796,187
10   Canada 1,529,760
11   South Korea 1,411,246
12   Russia[n 3] 1,283,162
13   Spain 1,232,088
14   Australia 1,204,616
15   Mexico 1,045,998
16   Indonesia 932,259
17   Turkey 857,749
18   Netherlands 770,845
19    Switzerland 659,827
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
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 6] 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   Cuba (2013) 77,150
68   Ethiopia 72,374
69   Dominican Republic 71,584
70   Kenya 70,529
71   Guatemala 68,763
72   Myanmar 67,430
73   Uzbekistan 67,220
74   Oman 66,293
75   Luxembourg 59,948
76   Costa Rica 57,436
77   Panama 55,188
78   Uruguay 52,420
79   Bulgaria 52,395
80   Croatia 50,425
81   Lebanon 47,537
82   Belarus 47,433
83   Tanzania[n 7] 47,431
84   Macau 44,803
85   Slovenia 43,991
86   Lithuania 42,739
87   Ghana 42,690
88   Tunisia 42,063
89   Jordan 38,655
90   Azerbaijan 37,848
91   Serbia 37,745
92   Turkmenistan 36,180
93 Cote d'Ivoire  Côte d'Ivoire 36,165
94   Democratic Republic of the Congo 34,999
95   Bolivia 33,806
96   Bahrain 31,859
97   Libya 29,153
98   Latvia 27,677
99   Paraguay 27,441
100   Yemen 27,318
101   El Salvador 26,797
102   Uganda 25,528
103   Cameroon 24,204
104   Estonia 23,137
105   Honduras 21,517
106     Nepal 21,144
107   Trinidad and Tobago 20,989
108   Iceland 20,047
109   Cambodia 20,017
110   Cyprus[n 8] 19,802
111   Zambia 19,551
112   Afghanistan 19,469
113   Papua New Guinea 16,929
114   Bosnia and Herzegovina 16,560
115   Zimbabwe 16,289
116   Laos 15,903
117   Botswana 15,275
118   Senegal 14,765
119   Georgia[n 9] 14,333
120   Gabon 14,214
121   Mali 14,045
122   Jamaica 14,027
123   South Sudan 13,282
124   Nicaragua 13,231
125   Mauritius 12,164
126   Burkina Faso 12,115
127   Albania 11,927
128   Brunei 11,400
129   Mongolia 11,160
130   Mozambique 11,015
131   Malta 10,949
132   Macedonia 10,900
133   Armenia 10,547
134   Namibia 10,267
135   Equatorial Guinea 10,179
136   Madagascar 9,991
137   Chad 9,601
138   The Bahamas 9,047
139   Benin 8,583
140   Rwanda 8,376
141   Haiti 8,023
142   Republic of the Congo 7,834
143   Niger 7,509
144   Tajikistan 6,952
145   Moldova[n 10] 6,750
146   Kosovo 6,650
147   Kyrgyzstan 6,551
148   Guinea 6,299
149   Somalia 6,217
150   Bermuda 5,574
151   Liechtenstein 5,488
152   Malawi 5.442
153   Mauritania 4,635
154   Fiji 4,632
155   Barbados 4,588
156   Togo 4,400
157   Montenegro 4,173
158   Swaziland 3,727
159   Sierra Leone 3,669
160   Suriname 3,621
161   Maldives 3,591
162   Guyana 3,446
163   Andorra 3,249
164   Burundi 3,007
165   Faroe Islands 2,613
166   Greenland 2,441
167   Bhutan 2,237
168   Lesotho 2,200
169   Liberia 2,101
170   Belize 1,765
171   Central African Republic 1,756
172   Cape Verde 1,617
173   Djibouti 1,589
174   Antigua and Barbuda 1,449
175   Seychelles 1,427
176   Timor-Leste 1,417
177   Saint Lucia 1,379
178   Solomon Islands 1,202
179   Guinea-Bissau 1,126
180   Grenada 1,016
181   The Gambia 965
182   Saint Kitts and Nevis 917
183   Samoa 786
184   Vanuatu 774
185   Saint Vincent and the Grenadines 771
186   Comoros 617
187   Dominica 525
188   Tonga 395
189 Sao Tome and Principe  São Tomé and Príncipe 351
190   Federated States of Micronesia 322
191   Palau 293
192   Marshall Islands 183
193   Kiribati 166
194   Nauru 102
195   Tuvalu 34
Rank Country GDP
(millions of US$)
 World[24] 74,196,404
1   United States 18,036,648
  European Union[n 1][25] 16,832,631
2   China[n 5] 11,158,457
3   Japan 4,383,076
4   Germany 3,363,600
5   United Kingdom 2,858,003
6   France 2,418,946
7   India 2,116,239
8   Italy 1,821,580
9   Brazil 1,772,591
10   Canada 1,552,808
11   South Korea 1,377,873
12   Russia[n 3] 1,326,016
13   Australia 1,230,859
14   Spain 1,192,955
15   Mexico 1,140,724
16   Indonesia 861,934
17   Netherlands 750,318
18   Turkey 717,887
19    Switzerland 670,789
20   Saudi Arabia 653,219
21   Sweden 571,090
22   Nigeria 568,499
23   Poland 544,959
24   Argentina 543,490
25   Belgium 531,547
26   Venezuela 509,968
27   Norway 500,519
28   Austria 436,888
29   Iran 425,326
30   Thailand 404,824
31   United Arab Emirates 399,451
32   Colombia 377,740
33   South Africa 349,819
34   Denmark 346,119
35   Malaysia 326,933
36   Singapore 307,872
37   Israel 305,673
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
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 87,205
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
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 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 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

  1. ^ a b c "World Economic Outlook Database". International Monetary Fund. 18 April 2017. 
  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. 
  4. ^ Ito, Takatoshi; Isard, Peter; Symansky, Steven (January 1999). "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia" (PDF). Changes in Exchange Rates in Rapidly Development Countries: Theory, Practice, and Policy Issues. National Bureau of Economic Research. Retrieved 23 May 2016. 
  5. ^ Callen, Tim (28 March 2012). "Purchasing Power Parity: Weights Matter". Finance & Development. International Monetary Fund. Retrieved 30 May 2014. 
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