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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.
Latest official GDP figures published by the World Bank. Population figures based on United Nations data. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita
Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates. The data given on this page are based on the international dollar , a standardized unit used by economists.
As such, the nominal GDP is typically used to measure and compare the size of national economies. Nominal GDP Rankings by Country. What are the largest economies in the world? According to the International Monetary Fund, these are the highest ranking countries in the world in nominal GDP: United States (GDP: 20.49 trillion) China (GDP: 13.4 trillion)
- United States. U.S. Nominal GDP: $21.44 trillion - U.S. GDP (PPP): $21.44 trillion. The U.S. has retained its position of being the world's largest economy since 1871.
- China. China Nominal GDP: $14.14 trillion - China GDP (PPP): $27.31 trillion. China has experienced exponential growth over the past few decades, breaking the barriers of a centrally-planned closed economy to evolve into a manufacturing and exporting hub of the world.
- Japan. Japan Nominal GDP: $5.15 trillion- Japan GDP (PPP): $5.75 trillion. Japan is the third-largest economy in the world, with its GDP crossing the $5 trillion mark in 2019.
- Germany. Germany Nominal GDP: $3.86 trillion - Germany GDP (PPP): $4.44 trillion. Germany is not just Europe's largest economy but also the strongest. On the global scale, it is the fourth-largest economy in terms of nominal GDP, with a $4 trillion GDP.
The leading 20 economies atop the top 100 richest countries generated three-quarters (75.6 percent) of the world’s overall Gross Domestic Product (GDP) equaling US$130.031 trillion at October 2020. The global total for economic wealth increased by 54.7 percent since 2009 when the Great Recession was deepening.RankEconomyGDP PPP (US$)from 20091.China$24,162,435,000,000+120%2.United States$20,807,269,000,000+44%3.India$8,681,303,000,000+87.6%4.Japan$5,236,138,000,000+23.1%
Out of 194 economies, gdp (nominal) of 41 economies would increase, and 153 economies would decrease in 2020 compared to 2019. With $490 bn, China will be the top contributor, followed by Egypt ($60 bn), Iran ($27 bn), Taiwan ($25 bn), Bangladesh ($15 bn), and Vietnam ($11 bn).
List of countries by GDP (Gross domestic product) may refer to: List of countries by GDP (nominal), a list using the current exchange rates for national currencies List of countries by GDP (nominal) per capita; List of countries by GDP (PPP), a list using the concept of purchasing power parity to derive GDP estimates