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Which countries have a higher GDP than $1 trillion?
Which country has the largest GDP?
Which countries are based on Gross Domestic Product (GDP)?
Which country has the largest economy in the world?
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.
Countries in the world ranked by Gross Domestic Product (GDP). List and ranking of GDP growth, GDP per capita and couuntry share of World's GDP
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)23,315.075125,462.72517,759.307217,886.3315,011.86934,237.5284,281.34844,085.681The Trillion dollar club is an unofficial classification of the world's major economies with a gross domestic product (nominal GDP) of more than US$1 trillion per year. As of 2023, it included 19 countries.
- Nigeria
- Austria
- Israel
- Norway
- Argentina
- Ireland
- Thailand
- Belgium
- Sweden
- Poland
2021 GDP: $440.78 billion Nigeria has the largest economy in Africa with a GDP of $440.78 billion. In terms of GDP, PPP, Nigeria’s economy is even larger at $1.15 trillion in 2021 given the average cost of goods and services in the country is considerably lower than in the United States. Considering Nigeria’s large population, the country has poten...
2021 GDP: $477.08 billion Austria has the world’s 29th largest economy with GDP of $477.08 billion. With the economic growth in the country, the central European country’s GDP has more than doubled from 2000 when its economy had a GDP of $197.3 billion. In terms of this year, economists think Austria’s GDP could expand 4.7% before potentially enter...
2021 GDP: $481.59 billion Given it spends more on research and development as a percentage of GDP than any other nation at 5.44% in 2020, Israel is regarded by many as a leader in innovation. As a result of its innovation leadership, the country has a GDP per capita of $51,430.08 and an overall GDP of $481.59 billion in 2021.
2021 GDP: $482.44 billion Norway has a leading petroleum sector that accounted for 40% of its exports and 14% of the country’s GDP in 2021 of $482.44 billion. With the higher oil and gas prices this year, the sector could account for a bigger percentage of economic activity in 2022. Given its GDP in 2021, Norway ranks #27 on our list of Countries b...
2021 GDP: $491.49 billion Argentina isn’t just the winner of the World Cup in 2022, it also has one of South America’s largest economies with a 2021 GDP of $491.49 billion. While inflation is a headwind, economists expect the country’s real GDP to grow by 0.5% in 2023 before rising to 1.8% in 2024.
2021 GDP: $498.56 billion Ireland has one of the highest GDP per capita in the world at $99,152.10 in 2021. Given strong economic growth, Ireland’s economy has increased from $100.2 billion in 2000 to $221.9 billion in 2010 and $498.56 billion in 2021.
2021 GDP: $505.98 billion Despite global headwinds, the world bank expects Thailand’s economy to grow 3.4% in 2022 and 3.6% in 2023 as the country continues to develop. In 2021, Thailand had a nominal GDP of $505.98 billion and a GDP, PPP of $1.34 trillion.
2021 GDP: $599.88 billion Belgium is a developed EU economy with a 2021 GDP of nearly $600 billion. Given its geography and membership in the EU, Belgium is the host country to the EU and NATO headquarters. Considering its developed economy, Belgium has a GDP per capita of $51,767.79 for 2021.
2021 GDP: $627.44 billion Sweden’s economy is expected to grow 2.9% in 2022 before mildly contracting by 0.6% next year given the potential for a global recession considering the U.S. Federal Reserve’s interest rate increases. In 2021 the Scandinavian country had a GDP of $627.44 billion, ranking #22 on our list of Countries by GDP: 30 Largest Econ...
2021 GDP: $674.05 billion Poland’s GDP has more than doubled from its GDP when the country joined the EU in 2004. While the country had a GDP of $255.1 billion in 2004, Poland had a GDP of $674.05 billion in 2021 given substantial economic growth.
Only 16 economies had a GDP higher than $1 trillion, with the US by far the biggest economy at more than $21 trillion – making up just under a quarter of the global total of almost $88 trillion. China was the second largest at more than $14 trillion and Japan was in third place with just over $5 trillion.
Dec 15, 2023 · The U.S., China, Japan, Germany, and India are some of the top economies in the world, based on gross domestic product (GDP). GDP is an estimate of the total value of finished goods...
