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List of countries by GDP (nominal)

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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 (2017)[20] Per the United Nations (2017)[21][22]
Rank Country/Territory GDP
(US$million)
   World[19] 87,265,226
1  United States 21,344,667
 European Union[23][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 80,683,787
1  United States 19,390,604
2  China[n 5] 12,237,700
3  Japan 4,872,137
4  Germany 3,677,439
5  India 2,650,034
6  United Kingdom 2,622,434
7  France 2,582,501
8  Brazil 2,055,506
9  Italy 1,934,798
10  Canada 1,653,043
11  Korea, South 1,577,524
12  Russia[n 3] 1,530,751
13  Australia 1,323,421
14  Spain 1,311,320
15  Mexico 1,149,919
16  Indonesia 1,015,539
17  Turkey 851,102
18  Netherlands 826,200
19  Saudi Arabia 683,827
20   Switzerland 678,887
21  Argentina 637,590
 Taiwan 574,905
22  Sweden 538,040
23  Poland 524,510
24  Belgium 492,681
25  Thailand 455,221
26  Iran 439,514
27  Austria 416,596
28  Norway 398,832
29  United Arab Emirates 382,575
30  Nigeria 375,771
31  Israel 350,851
32  South Africa 349,419
 Hong Kong 341,449
33  Ireland 333,731
34  Denmark 324,872
35  Singapore 323,907
36  Malaysia 314,500
37  Philippines 313,595
38  Colombia 309,191
39  Pakistan 304,952
40  Chile 277,076
41  Bangladesh 262,086
42  Finland 251,885
43  Egypt 235,369
44  Vietnam 223,864
45  Portugal 217,571
46  Czech Republic 215,726
47  Romania 211,803
48  Peru 211,389
49  New Zealand 205,853
50  Greece 200,288
51  Iraq 197,716
52  Algeria 170,371
53  Qatar 167,605
54  Kazakhstan 159,407
55  Hungary 139,135
56  Angola 124,209
57  Kuwait 120,126
58  Sudan 117,488
59  Ukraine 112,154
60  Morocco[n 6] 109,139
61  Ecuador 103,057
62  Cuba 96,851
63  Slovak Republic 95,769
64  Sri Lanka 87,175
65  Ethiopia 80,561
66  Dominican Republic 75,932
67  Guatemala 75,620
68  Kenya 74,938
69  Oman 72,643
70  Myanmar 69,322
71  Luxembourg 62,404
72  Panama 61,838
73  Costa Rica 57,057
74  Bulgaria 56,832
75  Uruguay 56,157
76  Croatia 54,849
77  Belarus 54,442
78  Tanzania[n 7] 52,090
79  Lebanon 51,844
80  Libya 50,984
 Macau 50,361
81  Slovenia 48,770
82  Uzbekistan 48,718
83  Ghana 47,330
84  Lithuania 47,168
85  Turkmenistan 42,355
86  Serbia 41,432
87  Azerbaijan 40,748
88  Cote d'Ivoire 40,389
89  Tunisia 40,257
90  Jordan 40,068
91  Bolivia 37,509
92  Congo, Democratic Republic of the 37,241
93  Bahrain 35,307
94  Cameroon 34,799
95  Latvia 30,264
96  Paraguay 29,735
97  Estonia 25,921
98  Uganda 25,891
99  Zambia 25,809
100  El Salvador 24,805
101    Nepal 24,472
102  Iceland 23,909
103  Honduras 22,979
104  Cambodia 22,158
105  Trinidad and Tobago 22,105
106  Cyprus[n 8] 21,652
107  Papua New Guinea 21,089
108  Afghanistan 20,815
109  Bosnia and Herzegovina 18,169
110  Zimbabwe 17,846
111  Botswana 17,407
112  Laos 16,853
113  Senegal 16,375
114  Mali 15,288
115  Georgia[n 9] 15,159
116  Jamaica 14,768
117  Gabon 14,623
 West Bank and Gaza 14,498
118  Nicaragua 13,814
119  Mauritius 13,338
120  Namibia 13,245
121  Albania 13,039
122  Burkina Faso 12,873
123  Malta 12,538
124  Equatorial Guinea 12,487
125  Mozambique 12,334
126  Bahamas, The 12,162
127  Brunei 12,128
128  Armenia 11,537
129  Madagascar 11,500
130  Mongolia 11,488
131  North Macedonia 11,338
132  Guinea 10,491
133  Chad 9,981
134  Benin 9,274
135  Rwanda 9,137
136  Congo, Republic of the 8,723
137  Haiti 8,408
138  Moldova[n 10] 8,128
139  Niger 8,120
140  Kyrgyzstan 7,565
141  Somalia 7,369
142  Tajikistan 7,146
 Kosovo 7,129
143  Malawi 6,303
144  Fiji 5,061
145  Mauritania 5,025
146  Togo 4,813
147  Barbados 4,797
148  Montenegro 4,774
149  Maldives 4,597
150  Eswatini 4,409
151  Sierra Leone 3,774
152  Guyana 3,676
153  Burundi 3,478
154  Suriname 3,324
155  Andorra 3,013
156  Timor-Leste 2,955
157  Lesotho 2,639
158  Bhutan 2,512
159  Liberia 2,158
160  Central African Republic 1,949
161  Djibouti 1,845
162  Belize 1,838
163  Cabo Verde 1,754
164  Saint Lucia 1,712
165  San Marino 1,659
166  Antigua and Barbuda 1,532
167  Seychelles 1,486
168  Guinea-Bissau 1,347
169  Solomon Islands 1,303
170  Grenada 1,119
171  Gambia, The 1,015
172  Saint Kitts and Nevis 946
173  Vanuatu 863
174  Samoa 857
175  Saint Vincent and the Grenadines 790
176  Comoros 649
177  Dominica 563
178  Tonga 426
179  Sao Tome and Principe 391
180  Micronesia, Federated States of 336
181  Palau 292
182  Marshall Islands 199
183  Kiribati 196
184  Nauru 114
185  Tuvalu 40
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, April 2019". IMF.org. International Monetary Fund. 10 April 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.
  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.
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