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List of countries by GDP (nominal)

Largest economies by nominal GDP in 2018[1]
Countries by nominal GDP for 2018.[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][17] India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s.[18] 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,[19] to 2014, after which it was surpassed by the United States.[20]

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)[17] Per the World Bank (2018)[21] Per the United Nations (2017)[22][23]
Rank Country/Territory GDP
(US$million)
   World[20] 87,265,226
1   United States 21,344,667
  European Union[24][n 1] 18,705,132
2   China[n 2] 14,216,503
3   Japan 5,176,205
4   Germany 3,963,880
5   India 2,971,996
6   United Kingdom 2,829,163
7   France 2,761,633
8   Italy 2,025,866
9   Brazil 1,960,190
10   Canada 1,739,110
11   Korea, South 1,656,674
12   Russia[n 3] 1,610,381
13   Spain 1,429,140
14   Australia 1,417,003
15   Mexico 1,241,450
16   Indonesia 1,100,911
17   Netherlands 914,003
18   Saudi Arabia 762,259
19    Switzerland 742,000
20   Turkey 706,237
  Taiwan 601,431
21   Poland 593,295
22   Sweden 547,123
23   Belgium 531,813
24   Thailand 516,662
25   Iran 484,663
26   Argentina 477,743
27   Austria 457,637
28   Nigeria 444,916
29   United Arab Emirates 427,876
30   Norway 427,041
  Hong Kong 381,720
31   Ireland 381,571
32   Israel 381,569
33   Malaysia 373,447
34   Singapore 372,807
35   South Africa 371,298
36   Philippines 356,682
37   Denmark 349,524
38   Colombia 336,599
39   Bangladesh 314,656
40   Egypt 299,589
41   Chile 295,614
42   Pakistan 278,019
43   Finland 276,572
44   Vietnam 260,301
45   Czech Republic 246,161
46   Romania 244,158
47   Portugal 239,473
48   Peru 232,080
49   Iraq 225,257
50   Greece 219,097
51   New Zealand 210,475
52   Qatar 193,502
53   Algeria 183,687
54   Hungary 168,778
55   Kazakhstan 164,207
56   Kuwait 136,940
57   Ukraine 134,887
58   Morocco 121,350
59   Slovakia 109,863
60   Ecuador 106,289
  Puerto Rico 103,506
61   Kenya 99,246
62   Angola 92,191
63   Ethiopia 90,968
64   Dominican Republic 84,837
65   Sri Lanka 84,164
66   Guatemala 82,335
67   Oman 79,458
68   Venezuela 76,458
69   Panama 70,155
70   Luxembourg 69,634
71   Ghana 68,258
72   Bulgaria 67,044
73   Myanmar 65,665
74   Croatia 61,252
75   Tanzania 61,032
76   Belarus 60,951
77   Costa Rica 60,459
78   Uruguay 60,231
79   Syria[n 4] 60,043/Na
80   Lebanon 58,281
  Macau 58,055
81   Slovenia 55,088
82   Lithuania 54,240
83   Serbia 52,424
84   Turkmenistan 50,346
85   Uzbekistan 49,199
86   Congo, Democratic Republic of the 48,458
87   Côte d'Ivoire 45,252
88   Azerbaijan 45,248
89   Libya 44,964
90   Jordan 44,256
91   Bolivia 43,687
92   Paraguay 42,352
93   Cameroon 39,219
94   Bahrain 38,952
95   Tunisia 36,204
96   Latvia 35,721
97   Sudan 31,468
98   Estonia 31,026
99   Uganda 30,368
100   Yemen 29,079
101     Nepal 28,922
102   El Salvador 26,989
103   Cambodia 26,979
104   Senegal 25,320
105   Honduras 24,651
106   Cyprus 24,638
107   Zambia 24,615
108   Iceland 24,544
109   Trinidad and Tobago 22,438
110   Zimbabwe 22,290
111   Papua New Guinea 21,453
112   Laos 20,153
113   Bosnia and Herzegovina 20,152
114   Afghanistan 19,990
115   Botswana 19,651
116   Mali 17,833
117   Georgia 17,214
118   Gabon 16,709
119   Jamaica 16,152
120   Albania 15,960
121   Mozambique 15,372
122   Malta 15,134
123   Burkina Faso 14,882
124   Mauritius 14,812
125   Namibia 13,824
126   Mongolia 13,038
127   Brunei 13,325
128   Bahamas, The 13,262
129   Armenia 13,105
130   North Macedonia 12,884
131   Madagascar 12,734
132   Guinea 12,623
133   Nicaragua 12,612
134   Equatorial Guinea 12,432
135   Moldova 12,037
136   Chad 11,372
137   Benin 11,184
138   Congo, Republic of the 11,162
139   Rwanda 10,211
140   Niger 9,724
141   Haiti 9,602
142   Kyrgyzstan 8,334
  Kosovo 8,126
143   Somalia 7,903
144   Eritrea 7,718
145   Eswatini 7,718
146   Tajikistan 7,698
147   Malawi 7,436
148   Maldives 5,749
149   Togo 5,592
150   Mauritania 5,569
151   Montenegro 5,443
152   Fiji 5,324
153   Barbados 5,207
154   Sierra Leone 3,998
155   Guyana 3,830
156   Suriname 3,683
157   Burundi 3,573
158   Liberia 3,221
159   South Sudan 3,151
160   Timor-Leste 3,145
161   Aruba 2,840
162   Bhutan 2,811
163   Lesotho 2,392
164   Djibouti 2,285
165   Central African Republic 1,997
166   Belize 1,971
167   St. Lucia 1,741
168   Gambia 1,717
169   Antigua and Barbuda 1,654
170   Seychelles 1,620
171   San Marino 1,538
172   Solomon Islands 1,511
173   Grenada 1,272
174   St. Kitts and Nevis 1,058
175   Vanuatu 942
176   Samoa 902
177   St. Vincent and the Grenadines 864
178   Comoros 726
179   Dominica 542
180   Tonga 493
181   São Tomé and Príncipe 477
182   Micronesia, Federated States of 383
183   Palau 310
184   Marshall Islands 220
185   Kiribati 187
186   Tuvalu 49
Rank Country/Territory GDP
(US$million)
   World 84,743,779
1   United States 20,494,050
2   China[n 5] 13,407,398
3   Japan 4,971,929
4   Germany 4,000,386
5   United Kingdom 2,828,644
6   France 2,775,252
7   India 2,716,746
8   Italy 2,072,201
9   Brazil 1,868,184
10   Canada 1,711,387
11   Russia 1,630,659
12   Korea, South 1,619,424
13   Spain 1,425,865
14   Australia 1,418,275
15   Mexico 1,223,359
16   Indonesia 1,022,454
17   Netherlands 912,899
18   Saudi Arabia 782,483
19   Turkey 766,428
20    Switzerland 700,000
  Taiwan 589,391
21   Poland 586,015
22   Sweden 551,135
23   Belgium 533,153
24   Argentina 518,092
25   Thailand 487,239
26   Austria 457,637
27   Iran 452,275
28   Norway 434,937
29   United Arab Emirates 424,635
30   Nigeria 397,270
31   Ireland 372,695
32   Israel 369,843
33   South Africa 368,135
  Hong Kong 363,031
34   Singapore 361,109
35   Malaysia 354,348
36   Denmark 350,874
37   Colombia 333,114
38   Philippines 330,846
39   Pakistan 312,570
40   Chile 298,172
41   Bangladesh 287,630
42   Finland 275,321
43   Egypt 249,559
44   Czech Republic 242,052
45   Vietnam 241,272
46   Romania 239,851
47   Portugal 238,510
48   Iraq 226,070
49   Peru 225,203
50   Greece 219,097
51   New Zealand 203,404
52   Qatar 192,450
53   Algeria 180,441
54   Kazakhstan 170,539
55   Hungary 155,703
56   Kuwait 141,050
57   Ukraine 124,603
58   Morocco[n 6] 118,309
59   Ecuador 107,511
60   Angola 107,316
61   Slovak Republic 106,585
62   Puerto Rico 104,344
63   Venezuela 98,468
64   Kenya 89,205
65   Sri Lanka 88,223
66   Oman 82,243
67   Dominican Republic 80,940
68   Ethiopia 80,279
69   Guatemala 78,979
70   Luxembourg 68,770
71   Myanmar 68,559
72   Panama 65,206
73   Ghana 65,191
74   Bulgaria 64,963
75   Croatia 60,688
76   Uruguay 60,180
77   Belarus 59,643
78   Costa Rica 59,006
79   Tanzania[n 7] 57,862
80   Lebanon 56,409
  Macau 54,545
81   Slovenia 54,242
82   Lithuania 53,323
83   Serbia 50,651
84   Azerbaijan 45,418
85   Turkmenistan 44,114
86   Libya 43,587
87   Cote d'Ivoire 43,032
88   Congo, Democratic Republic of the 42,644
89   Jordan 42,371
90   Paraguay 41,604
91   Bolivia 41,410
92   Uzbekistan 41,241
93   Tunisia 39,911
94   Cameroon 38,521
95   Bahrain 38,291
96   Latvia 34,881
97   Sudan 33,903
98   Estonia 30,312
99     Nepal 28,812
100   Uganda 28,122
101   Yemen 26,914
102   Zimbabwe 26,127
103   El Salvador 26,057
104   Iceland 25,882
105   Zambia 25,179
106   Cambodia 24,523
107   Cyprus[n 8] 24,492
108   Senegal 24,027
109   Honduras 23,778
110   Trinidad and Tobago 22,311
111   Papua New Guinea 21,319
112   Bosnia and Herzegovina 19,881
113   Afghanistan 19,585
114   Botswana 18,998
115   Laos 18,434
116   Mali 17,187
117   Gabon 17,033
  West Bank and Gaza 16,498
118   Georgia[n 9] 16,324
119   Jamaica 15,422
120   Albania 15,202
121   Malta 14,505
122   Mozambique 14,428
123   Mauritius 14,277
124   Burkina Faso 14,180
125   Brunei 14,082
126   Namibia 13,824
127   Equatorial Guinea 13,734
128   Nicaragua 13,258
129   Mongolia 13,038
130   Bahamas, The 12,803
131   North Macedonia 12,669
132   Armenia 12,411
133   Madagascar 12,093
134   Guinea 11,739
135   Moldova 11,404
136   Congo, Republic of the 11,188
137   Chad 10,919
138   Benin[n 10] 10,456
139   Haiti 9,525
140   Rwanda 9,511
141   Niger 9,226
142   Kyrgyzstan 8,093
  Kosovo 7,981
143   Tajikistan 7,520
144   Somalia 7,480
145   Malawi 6,925
146   Eritrea 6,721
147   Eswatini 6,721
148   Montenegro 5,402
149   Togo 5,358
150   Maldives 5,302
151   Mauritania 5,194
152   Barbados 5,145
153   Fiji 5,118
154   South Sudan 3,929
155   Sierra Leone 3,906
156   Guyana 3,636
157   Burundi 3,436
158   Suriname 3,427
159   Liberia 3,249
160   Timor-Leste 3,090
161   Aruba 2,833
162   Lesotho 2,762
163   Bhutan 2,627
164   Djibouti 2,187
165   Central African Republic 2,185
166   Belize 1,925
167   Saint Lucia 1,874
168   San Marino 1,638
169   Antigua and Barbuda 1,626
170   Gambia, The 1,617
171   Seychelles 1,573
172   Guinea-Bissau 1,459
173   Solomon Islands 1,424
174   Grenada 1,196
175   Saint Kitts and Nevis 1,019
176   Vanuatu 928
177   Samoa 881
178   Saint Vincent and the Grenadines 826
179   Comoros 742
180   Dominica 494
181   Tonga 470
182   São Tomé and Príncipe 449
183   Micronesia, Federated States of 374
184   Palau 297
185   Marshall Islands 214
186   Nauru 117
187   Tuvalu 45
Rank Country/Territory GDP
(US$million)
   World[26] 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 was available for a country from the IMF, then data from the World Bank 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.[25] 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. ^ https://www.imf.org/external/pubs/ft/weo/2018/02/weodata/weorept.aspx?pr.x=104&pr.y=16&sy=2018&ey=2018&scsm=1&ssd=1&sort=country&ds=.&br=1&c=924%2C132%2C134%2C534%2C158%2C112%2C111&s=NGDPD&grp=0&a=
  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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