Largest economies in the world by GDP (Nominal) in 2022
according to International Monetary Fund estimates[1]
Countries by nominal GDP in 2019[n 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. Other metrics, nominal GDP per capita and a corresponding GDP (PPP) per capita are used for comparing national standard of living. On the whole, PPP per capita figures are less spread than nominal GDP per capita figures.[5]

The rankings of national economies have changed considerably over time, the United States surpassed the British Empire's output around 1916,[6] which in turn had surpassed the Qing dynasty in aggregate output decades earlier.[7][8] Since China's transition to a market-based economy through controlled privatisation and deregulation,[9][10] the country has seen its ranking increase from ninth in 1978, to second in 2016; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016.[8][1] Among others, India has also experienced an economic boom since the implementation of economic liberalisation in the early 1990s.[11]

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, Palestine, and Taiwan) are included in the list where they appear in the sources.

Table

The table initially ranks each country or territory with their latest available estimates, and can be reranked by either of the sources

The links in the "Country/Territory" row of the following table link to the article on the GDP or the economy of the respective country or territory.

GDP (US$ million) by country
Country/Territory UN Region IMF[1][12] United Nations[13] World Bank[14][15]
Estimate Year Estimate Year Estimate Year
 World - 93,863,851 2021 87,461,674 2020 84,705,567 2020
 United States Americas 25,346,805 2022 20,893,746 2020 20,936,600 2020
 China Asia 19,911,593 [n 2]2022 14,722,801 [n 3]2020 14,722,731 2020
 Japan Asia 4,912,147 2022 5,057,759 2020 4,975,415 2020
 Germany Europe 4,256,540 2022 3,846,414 2020 3,806,060 2020
 India Asia 3,534,743 2022 2,664,749 2020 2,622,984 2020
 United Kingdom Europe 3,376,003 2022 2,764,198 2020 2,707,744 2020
 France Europe 2,936,702 2022 2,630,318 2020 2,603,004 2020
 Canada Americas 2,221,218 2022 1,644,037 2020 1,643,408 2020
 Italy Europe 2,058,330 2022 1,888,709 2020 1,886,445 2020
 Brazil Americas 1,833,274 2022 1,444,733 2020 1,444,733 2020
 Russia Europe 1,829,050 2022 1,483,498 2020 1,483,498 2020
 South Korea Asia 1,804,680 2022 1,637,896 2020 1,630,525 2020
 Australia Oceania 1,748,334 2022 1,423,473 2020 1,330,901 2020
 Iran Asia [n 4]1,739,012 2022 939,316 2020 203,471 2020
 Spain Europe 1,435,560 2022 1,281,485 2020 1,281,199 2020
 Mexico Americas 1,322,740 2022 1,073,439 2020 1,076,163 2020
 Indonesia Asia 1,289,295 2022 1,058,424 2020 1,058,424 2020
 Saudi Arabia Asia 1,040,166 2022 700,118 2020 700,118 2020
 Netherlands Europe 1,013,595 2022 913,865 2020 912,242 2020
 Switzerland Europe 841,969 2022 752,248 2020 747,969 2020
 Taiwan Asia 841,209 [n 5]2022 669,324 [16] 2020 668,500 2020
 Poland Europe 699,559 2022 596,618 2020 594,165 2020
 Turkey Asia 692,380 2022 720,098 2020 720,101 2020
 Sweden Europe 621,241 2022 541,064 2020 537,610 2020
 Belgium Europe 609,887 2022 521,861 2020 515,333 2020
 Argentina Americas 564,277 2022 383,067 2020 383,067 2020
 Norway Europe 541,938 2022 362,522 2020 362,009 2020
 Thailand Asia 522,012 2022 501,795 2020 501,795 2020
 Israel Asia 520,703 2022 407,101 2020 401,954 2020
 Ireland Europe 516,146 2022 425,889 2020 418,622 2020
 Nigeria Africa 510,588 2022 429,899 2020 432,294 2020
 United Arab Emirates Asia 501,354 2022 358,869 2020 421,142 2020
 Austria Europe 479,815 2022 433,258 2020 428,965 2020
 Malaysia Asia 439,373 2022 336,664 2020 336,664 2020
 Egypt Africa 435,621 2022 369,309 2020 363,069 2020
 South Africa Africa 426,166 2022 302,141 2020 301,924 2020
 Singapore Asia 424,431 2022 339,988 2020 339,998 2020
 Philippines Asia 411,978 2022 361,489 2020 361,489 2020
 Vietnam Asia 408,947 2022 271,158 2020 271,158 2020
 Denmark Europe 399,100 2022 356,085 2020 355,184 2020
 Bangladesh Asia 396,543 2022 329,484 2020 324,239 2020
 Hong Kong Asia 369,486 [n 6]2022 349,445 2020 346,586 2020
 Colombia Americas 351,281 2022 271,347 2020 271,347 2020
 Pakistan Asia 347,743 2021 257,829 2020 263,687 2020
 Chile Americas 317,594 2022 252,940 2020 252,940 2020
 Finland Europe 297,617 2022 269,751 2020 271,234 2020
 Iraq Asia 297,341 2022 166,757 2020 167,224 2020
 Czech Republic Europe 296,238 2022 245,349 2020 243,530 2020
 Romania Europe 286,509 2022 248,716 2020 248,716 2020
 New Zealand Oceania 257,211 2022 212,044 2020 212,482 2020
 Portugal Europe 251,915 2022 228,539 2020 231,256 2020
 Peru Americas 240,346 2022 203,196 2020 202,014 2020
 Qatar Asia 225,716 2022 146,401 2020 146,374 2020
 Greece Europe 222,770 2022 188,835 2020 189,410 2020
 Ukraine Europe 198,316 [n 7]2021 155,582 [n 7]2020 155,582 2020
 Hungary Europe 197,813 2022 155,808 2020 155,013 2020
 Kazakhstan Asia 193,611 2022 171,082 2020 169,835 2020
 Algeria Africa 193,601 2022 147,689 2020 145,164 2020
 Kuwait Asia 186,610 2022 105,949 2020 136,197 2019
 Morocco Africa 133,062 2022 114,724 [n 8]2020 112,871 2020
 Angola Africa 124,862 2022 62,307 2020 62,307 2020
 Slovakia Europe 118,434 2022 105,173 2020 104,574 2020
 Puerto Rico Americas 116,762 2022 103,138 2020 103,138 2020
 Ecuador Americas 115,462 2022 98,808 2020 98,808 2020
 Kenya Africa 114,679 2022 101,014 2020 98,843 2020
 Oman Asia 110,127 2022 63,368 2020 76,332 2019
 Dominican Republic Americas 109,080 2022 78,845 2020 78,845 2020
 Cuba Americas 107,352 2020 103,131 2019
 Ethiopia Africa 105,325 2022 96,611 2020 107,645 2020
 Guatemala Americas 91,019 2022 77,605 2020 77,605 2020
 Bulgaria Europe 89,533 2022 69,888 2020 69,105 2020
 Luxembourg Europe 86,898 2022 73,353 2020 73,264 2020
 Sri Lanka Asia 81,934 2022 80,677 2020 80,707 2020
 Tanzania Africa 77,506 2022 64,740 [n 9]2020 62,410 2020
 Turkmenistan Asia 76,591 2022 42,845 2020 45,231 2019
 Ghana Africa 73,894 2022 68,532 2020 72,354 2020
 Azerbaijan Asia 73,369 2022 42,607 2020 42,607 2020
 Uzbekistan Asia 73,060 2022 57,707 2020 57,707 2020
 Ivory Coast Africa 73,047 2022 61,143 2020 61,349 2020
 Panama Americas 70,492 2022 52,938 2020 52,938 2020
 Lithuania Europe 69,782 2022 56,547 2020 55,887 2020
 Croatia Europe 69,459 2022 57,204 2020 55,967 2020
 Myanmar Asia 69,262 2022 70,284 2020 76,186 2020
 Costa Rica Americas 65,314 2022 61,521 2020 61,521 2020
 Serbia Europe 65,037 2022 53,335 2020 52,960 2020
 DR Congo Africa 64,795 2022 45,308 2020 49,869 2020
 Uruguay Americas 64,283 2022 53,629 2020 53,629 2020
 Slovenia Europe 63,647 2022 53,590 2020 52,880 2020
 Lebanon Asia 27,320 2020 63,546 2020 33,383 2020
 Belarus Europe 59,394 2022 60,259 2020 60,258 2020
 Venezuela Americas 49,086 2022 106,359 2020 482,359 2014
 Libya Africa 48,773 2022 29,153 2020 25,418 2020
 Jordan Asia 47,745 2022 43,697 2020 43,698 2020
 Uganda Africa 46,377 2022 38,702 2020 37,372 2020
 Cameroon Africa 45,713 2022 39,881 2020 39,802 2020
 Tunisia Africa 45,642 2022 39,218 2020 39,236 2020
 Bahrain Asia 44,169 2022 33,904 2020 38,475 2019
 Paraguay Americas 41,935 2022 35,304 2020 35,304 2020
 Bolivia Americas 41,032 2022 36,573 2020 36,689 2020
 Latvia Europe 40,266 2022 33,707 2020 33,505 2020
 Estonia Europe 37,202 2022 30,650 2020 31,030 2020
 Zimbabwe Africa 36,387 2022 21,787 2020 16,769 2020
 Nepal Asia 36,315 2022 33,079 2020 33,657 2020
 Brunei Asia 35,555 2022 12,003 2020 12,016 2020
 Macau Asia 35,246 [n 10]2022 24,333 2020 55,154 2019
 Sudan Africa 31,460 2022 62,057 2020 26,111 2020
 El Salvador Americas 30,720 2022 24,639 2020 24,639 2020
 Honduras Americas 30,116 2022 23,828 2020 23,828 2020
 Papua New Guinea Oceania 29,919 2022 23,619 2020 23,592 2020
 Senegal Africa 28,435 2022 24,412 2020 24,911 2020
 Yemen Asia 28,134 2022 27,958 2020 23,486 2018
 Cambodia Asia 28,020 2022 25,291 2020 25,291 2020
 Iceland Europe 27,865 2022 21,718 2020 21,715 2020
 Cyprus Europe 27,726 2022 24,612 [n 11]2020 23,804 2020
 Zambia Africa 26,665 2022 18,111 2020 19,320 2020
 Trinidad and Tobago Americas 25,342 2022 21,393 2020 21,530 2020
 Bosnia and Herzegovina Europe 23,358 2022 19,801 2020 19,788 2020
 Gabon Africa 22,456 2022 15,111 2020 15,593 2020
 Guinea Africa 20,952 2022 15,490 2020 15,681 2020
 Georgia Asia 20,889 2022 15,892 2020 15,892 [n 12]2020
 Haiti Americas 20,168 2022 15,505 2020 13,418 2020
 Afghanistan Asia 20,136 2021 19,793 2020 19,807 2020
 Palestine Asia 19,698 [n 13]2022 15,561 [n 13]2020 15,561 2020
 Burkina Faso Africa 19,621 2022 17,369 2020 17,369 2020
 Mali Africa 19,264 2022 17,332 2020 17,394 2020
 Botswana Africa 18,426 2022 15,782 2020 15,782 2020
 Benin Africa 18,387 2022 15,205 2020 15,652 2020
 Mongolia Asia 18,102 2022 13,137 2020 13,137 2020
 Mozambique Africa 18,091 2022 14,029 2020 14,021 2020
 Albania Europe 17,942 2022 14,910 2020 14,800 2020
 Laos Asia 17,347 2022 19,082 2020 19,136 2020
 Malta Europe 17,251 2022 14,911 2020 14,647 2020
 Equatorial Guinea Africa 16,335 2022 10,022 2020 10,022 2020
 Congo Africa 15,951 2022 10,100 2020 10,885 2020
 North Korea Asia 15,847 2020
 Nicaragua Americas 15,764 2022 12,621 2020 12,621 2020
 Jamaica Americas 15,721 2022 13,812 2020 13,812 2020
 Niger Africa 15,620 2022 13,741 2020 13,678 2020
 Syria Asia 60,043 2010 15,572 2020 40,405 2007
 Madagascar Africa 14,616 2022 13,008 2020 13,721 2020
 North Macedonia Europe 14,198 2022 12,264 2020 12,267 2020
 Armenia Asia 14,047 2022 12,641 2020 12,645 2020
 Moldova Europe 13,811 [n 14]2022 11,914 [n 14]2020 11,914 2020
 Guyana Americas 13,543 2022 5,471 2020 5,471 2020
 Namibia Africa 13,019 2022 10,710 2020 10,700 2020
 Chad Africa 12,938 2022 11,154 2020 10,093 2020
 Bahamas Americas 12,627 2022 9,908 2020 11,250 2020
 Rwanda Africa 12,060 2022 10,332 2020 10,334 2020
 Malawi Africa 12,042 2022 11,762 2020 11,962 2020
 Mauritius Africa 11,263 2022 10,921 2020 10,914 2020
 New Caledonia Oceania 9,709 2020 2,682 2000
 Kosovo Europe 9,660 2022 7,734 2020 7,611 2020
 Mauritania Africa 9,280 2022 7,916 2020 7,779 2020
 Kyrgyzstan Asia 9,017 2022 7,736 2020 7,736 2020
 Togo Africa 8,699 2022 7,146 2020 7,575 2020
 Somalia Africa 8,491 2022 1,873 2020 4,918 2020
 Tajikistan Asia 7,820 2022 7,997 2020 8,194 2020
 Bermuda Americas 7,719 2020 7,484 2019
 Liechtenstein Europe 6,872 2020 6,839 2018
 Monaco Europe 6,816 2020 7,424 2019
 Cayman Islands Americas 6,256 2020 5,936 2019
 Montenegro Europe 6,018 2022 4,789 2020 4,779 2020
 Guam Oceania 5,844 2020
 French Polynesia Oceania 5,817 2020 3,448 2000
 South Sudan Africa 5,730 2022 15,903 2020 11,998 2015
 Barbados Americas 5,530 2022 4,440 2020 4,366 2020
 Maldives Asia 5,502 2022 3,743 2020 4,030 2020
 Fiji Oceania 5,172 2022 4,494 2020 4,376 2020
 Eswatini Africa 4,646 2022 3,835 2020 3,962 2020
 Sierra Leone Africa 4,268 2022 3,787 2020 3,865 2020
 Djibouti Africa 3,836 2022 3,423 2020 3,384 2020
 Liberia Africa 3,829 2022 2,481 2020 2,950 2020
 Burundi Africa 3,431 2022 3,399 2020 3,258 2020
 Andorra Europe 3,400 2022 2,864 2020 3,155 2019
 Aruba Americas 3,229 2022 2,497 2020 3,202 2018
 Greenland Americas 3,130 2020 3,052 2018
 Suriname Americas 2,988 2022 4,120 2020 3,808 2020
 Bhutan Asia 2,653 2022 2,483 2020 2,409 2020
 Central African Republic Africa 2,645 2022 2,323 2020 2,303 2020
 Curaçao Americas 2,596 2020 3,102 2019
 Eritrea Africa 2,568 2022 2,084 2020 2,065 2011
 Lesotho Africa 2,561 2022 2,273 2020 1,845 2020
 Gambia Africa 2,166 2022 1,830 2020 1,902 2020
 Saint Lucia Americas 2,082 2022 1,617 2020 1,703 2020
 Cape Verde Africa 1,997 2022 1,704 2020 1,704 2020
 Belize Americas 1,991 2022 1,586 2020 1,764 2020
 East Timor Asia 1,920 2022 1,902 2020 1,821 2020
 Seychelles Africa 1,750 2022 1,059 2020 1,125 2020
 Zanzibar Africa 1,724 2020
 San Marino Europe 1,698 2022 1,555 2020 1,616 2019
 Solomon Islands Oceania 1,669 2022 1,546 2020 1,551 2020
 Guinea-Bissau Africa 1,656 2022 1,315 2020 1,432 2020
 Antigua and Barbuda Americas 1,621 2022 1,370 2020 1,415 2020
 British Virgin Islands Americas 1,492 2020
 Comoros Africa 1,310 2022 1,235 2020 1,220 2020
 Grenada Americas 1,192 2022 1,043 2020 1,089 2020
 Northern Mariana Islands Oceania 1,182 2019
 Saint Kitts and Nevis Americas 1,114 2022 927 2020 927 2020
 Vanuatu Oceania 1,015 2022 855 2020 855 2020
 Saint Vincent and the Grenadines Americas 953 2022 810 2020 810 2020
 Turks and Caicos Islands Americas 925 2020 925 2020
 Sint Maarten Americas 857 2020 1,185 2018
 Samoa Oceania 816 2022 772 2020 807 2020
 American Samoa Oceania 709 2020
 Dominica Americas 635 2022 507 2020 470 2020
 Tonga Oceania 528 2022 491 2020 512 2019
 São Tomé and Príncipe Africa 526 2022 476 2020 473 2020
 Micronesia Oceania 427 2022 403 2020 408 2019
 Cook Islands Oceania 283 2020
 Marshall Islands Oceania 267 2022 244 2020 239 2019
 Anguilla Americas 258 2020
 Palau Oceania 244 2022 264 2020 268 2019
 Kiribati Oceania 216 2022 181 2020 200 2020
 Nauru Oceania 134 2022 135 2020 118 2019
 Montserrat Americas 68 2020
 Tuvalu Oceania 66 2022 55 2020 49 2020

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.
  2. ^ Figures exclude Taiwan, and the special administrative regions of Hong Kong and Macau.
  3. ^ Figures exclude the special administrative regions of Hong Kong and Macau.
  4. ^ Note the IMF converts Iran's nominal GDP using the official exchange rate of the rial. Kazemzadeh, Masoud (9 May 2022). The Iran National Front and the Struggle for Democracy: 1949–Present. Walter de Gruyter GmbH & Co KG. pp. 134–140. ISBN 9783110782158. Retrieved 27 June 2022. Looking at the market exchange rate of Iran's national currency, the rial, would be a better way to capture the decline of Iran's economy.
  5. ^ The name used in IMF's report is "Taiwan Province of China".
  6. ^ The name used in the IMF's report is "Hong Kong SAR".
  7. ^ a b Figures exclude the Republic of Crimea and Sevastopol.
  8. ^ Includes Western Sahara.
  9. ^ The UN figure excludes the autonomous region of Zanzibar.
  10. ^ The name used in the IMF's report is "Macao SAR".
  11. ^ Data are for the area controlled by the Government of the Republic of Cyprus.
  12. ^ Excludes Abkhazia and South Ossetia.
  13. ^ a b The name used in the IMF's and the World Bank's report is "West Bank and Gaza".
  14. ^ a b Excludes data for Transnistria.

References

  1. ^ a b c "World Economic Outlook Database, April 2022". IMF.org. International Monetary Fund. 19 April 2022. Retrieved 19 April 2022.
  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). "Gross Domestic Product: An Economy's All". Finance & Development. International Monetary Fund. Retrieved 31 May 2014.
  6. ^ Frum, David (24 December 2014). "The Real Story of How America Became an Economic Superpower". The Atlantic. Retrieved 16 February 2022.
  7. ^ Matthews, Chris (5 October 2014). "5 Most Powerful Economic Empires of All Time". Fortune. Time, Inc. Retrieved 23 May 2016.
  8. ^ a b Kroeber, Arthur R. (2016). China's Economy: What Everyone Needs to Know. New York, United States: Oxford University Press. ISBN 9780190239053.
  9. ^ Kau, Michael Ying-mao (30 September 1993). China in the Era of Deng Xiaoping: A Decade of Reform. Studies on Contemporary China. Taylor & Francis. ISBN 9781563242786. Retrieved 23 May 2016.
  10. ^ Hu, Zuliu; Khan, Mohsin S. (April 1997). "Why Is China Growing So Fast?" (PDF). Economic Issues. International Monetary Fund. Retrieved 26 May 2016.
  11. ^ Rodrik, Dani; et al. (March 2004). "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition" (PDF). National Bureau of Economic Research. Retrieved 23 March 2016.
  12. ^ "World Economic Outlook Database, April 2022". IMF.org. International Monetary Fund. 19 April 2022. Retrieved 19 April 2022.
  13. ^ "United Nations Statistics Division - National Accounts". unstats.un.org.
  14. ^ "GDP (current US$) | Data". data.worldbank.org. Retrieved 2 July 2021.
  15. ^ "GDP-Countries-List". tradingeconomics.com. Retrieved 24 October 2021.
  16. ^ "GDP: Preliminary Estimate for 2021 Q3, and outlook for 2021-22" (PDF). eng.stat.gov.tw. Directorate General of Budget, Accounting and Statistics. Retrieved 20 January 2022.