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Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
China follows, with close to $18 trillion, or 17.9% of the world economy. Tuvalu has the world's smallest national economy with a GDP (nominal) of approximately $59 million. 18 countries in 2022 have an economy above $1 trillion. Saudi Arabia is the latest entrant in trillion dollar economy.
Country/economyGdp (nominal) (billions Of $)(2021)Gdp (nominal) (billions Of $)(rank)Gdp (nominal) (billions Of $)(2022)14.94113013.3012.2121722.38318.10912318.75417.98412519.083Jul 26, 2022 · A tentative recovery in 2021 has been followed by increasingly gloomy developments in 2022 as risks began to materialize. Global output contracted in the second quarter of this year, owing to downturns in China and Russia, while US consumer spending undershot expectations.
Jun 12, 2024 · Hover over each country on the map to see its latest growth data. Countries with positive growth rates are shaded in green; countries with negative growth rates, orange.
Real GDP is projected through 2022. Venezuela redenominated its currency on October 1, 2021, by replacing 1,000,000 bolívares soberano (VES) with 1 bolívar digital (VED). For Zambia, general government net and gross debt projections for 2022-27 are omitted due to ongoing debt restructuring.
Global growth is projected to decelerate in 2022, with economic disruptions driven by the spreading of the Omicron variant, as well as supply bottlenecks. Climate Action These 5 charts reveal the global economic outlook for 2022
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Oct 11, 2022 · The slowdown in global economic activity is broad-based and sharper-than-expected, with inflation higher than seen in decades. The economic outlook depends on a successful calibration of monetary and fiscal policies, the course of the war in Ukraine, and growth prospects in China.