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543.30. 1960 - 2022. USD Billion. Yearly. Current USD. Compare GDP by Country. The Gross Domestic Product (GDP) in the United States was worth 25439.70 billion US dollars in 2022, according to official data from the World Bank. The GDP value of the United States represents 10.93 percent of the world economy. This page provides - United States ...
GDP, or Gross Domestic Product, is the total monetary value of all goods and services produced and sold within a country during a specific time period, typically one year. . World's GDP is $100,562,000,000,000 (nominal, 2022) Sources: World Bank (World Development Indicators, July 25, 2023); United Nations (World Population Prospects 2022). #
The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. PPP takes into account the relative cost of living, rather than using only exchange rates, therefore providing a more accurate picture of the real differences in income. See also: GDP by Country #
Apr 26, 2022 · Global GDP has grown massively over the last 50 years, but not all countries experienced this economic growth equally. In 1970, the world’s nominal GDP was just $3.4 trillion . Fast forward a few decades and it had reached $85.3 trillion by 2020.
Its formula is: GDP = C + I + G + X-M. where: C = Consumption I = Investment, G = government expenditure, X = Exports, M = imports. GDP per capita also called GDP per citizen or GDP per person is obtained by dividing GDP by the number of habitants. Represents the value of goods and services produced by different countries and it is used to ...
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.
Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries. [4] [5] [6] GDP is often used to measure the economic health of a country or region. [3]
