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What is the richest country in the world by GDP?
What is the biggest GDP in the world?
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 ...
Dec 24, 2020 · Purchasing Power Parity (PPP) Adjusted GDP in Current International Dollars: This is an ...CountryNominal GDP (in trillions)PPP Adjusted GDP (in trillions ...Annual Growth (%)GDP Per Capita (in thousands)United States$21.43$21.432.2%$65,298China$14.34$23.526.1%$10,262Japan$5.08$5.460.7%$40,247Germany$3.86$4.680.6%$46,445
GDP (PPP) means gross domestic product based on purchasing power parity.This article includes a list of countries by their forecast estimated GDP (PPP). Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.
GDP (nominal, 2017) GDP (abbrev.) GDP growth Population (2017) GDP per capita Share of World GDP ; 1: United States: $19,485,394,000,000: $19.485 trillion: 2.27%: 325,084,756: $59,939: 24.08%: 2: China: $12,237,700,479,375: $12.238 trillion: 6.90%: 1,421,021,791: $8,612: 15.12%: 3: Japan: $4,872,415,104,315: $4.872 trillion: 1.71%: 127,502,725: $38,214: 6.02%: 4: Germany: $3,693,204,332,230: $3.693 trillion
Methodology. The figures are based on nominal GDP and GDP (PPP) estimates and sector composition ratios provided by the CIA World Factbook at market or government official exchange rates with figures in trillions of United States dollars.
- United States. The United States has been the world’s largest economy since 1871. The nominal GDP for the United States is $21.44 trillion. The U.S. GDP (PPP) is also $21.44 trillion.
- China. As the second-largest economy in the world, China has seen an average growth rate of 9.52% between 1989 and 2019. China is the second-largest economy considering nominal GDP, at $14.14 trillion, and the largest using GDP (PPP), which is $27.31 trillion.
- Japan. Japan has the third-largest economy in the world with a GDP of $5.15 trillion. Japan’s GDP (PPP) is $5.75 trillion. Japan’s economy is market-driven so businesses, production, and prices shift according to consumer demand, not governmental action.
- Germany. The German economy is the fourth-largest in the world with a GDP of $4.0 trillion. Germany has a GDP (PPP) of $4.44 trillion and a per capita GDP of $46,560, the 18th –highest in the world.
GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries.
Gross domestic product (GDP) is the market value of all final goods and services from a nation ...
Countries where fuel accounts for more than 90% of total exports include Algeria, Azerbaijan, Brunei Darussalam, Iraq, Kuwait, Libya, Sudan and Venezuela. Image: Bruegel For an idea of which economies rely most heavily on oil, this chart using 2012 World Bank data shows oil revenue as a share of GDP.