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.The data given on this page are based on the international dollar, a ...
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GDP Ranked by Country 2021. Total World GDP: $91.98 Tn. Gross Domestic Product (GDP) is the monetary market value of all final goods and services made within a country during a specific period. GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes.
Tuvalu has the world's smallest national economy with a GDP (nominal) of approximately $48 million. In World Factbook estimates, Niue, a small island nation in the South Pacific Ocean, is the smallest economy with a GDP of $10 mn in the year 2003. 16 countries in 2020 have an economy above $1 trillion.
^, (Select all countries, "GDP, Per Capita GDP - US Dollars", and 2019 to generate table), United Nations Statistics Division. Accessed on 1 December 2020. ^ "GDP per capita (current US$)". World Development Indicators. World Bank. Retrieved 28 June 2021. ^ "GDP: Preliminary estimate for 2021 Q1 and outlook for 2021" (PDF). eng.stat.gov.tw.
GDP Cycles: Boom Versus Bust. According to The Economist, two consecutive quarters of falling GDP technically marks a recession.Other economists define a recession as a year-over-year fall in GDP. Based on an annual drop in GDP, 2 out of the 100 richest countries experienced a recessionary period from 2020 to 2021.
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund