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List of countries by GDP (nominal)

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Largest economies by nominal GDP in 2019[1]
Countries by nominal GDP in 2019[note 1]
  >$20 trillion
  $10–$20 trillion
  $5–$10 trillion
  $1–$5 trillion
  $750 billion–$1 trillion
  $500–$750 billion
  $250–$500 billion
  $100–$250 billion
  $50–$100 billion
  $25–$50 billion
  $5–$25 billion
  <$5 billion

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year.[2] 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 exchange rates of the country's currency.[3] Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population.[4]

Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, does not take into account the differences of quality of goods and services among countries, and it also requires more estimation than nominal GDP.[5] On the whole, PPP per capita figures are less spread than nominal GDP per capita figures.[6]

The United States is the world's largest economy with a GDP of approximately $20.513 trillion, notably due to high average incomes, a large population,[7] capital investment, low unemployment,[8] high consumer spending,[9] a relatively young population,[10] and technological innovation.[11] Tuvalu is the world's smallest national economy, with a GDP of about $32 million, because of its very small population, a lack of natural resources, reliance on foreign aid, negligible capital investment, demographic problems, and low average incomes.[12]

Although the rankings of national economies have changed considerably over time, the United States has maintained its top position since the Gilded Age, a time period in which its economy saw rapid expansion, surpassing the British Empire and Qing dynasty in aggregate output.[13][14] Since China's transition to a market-based economy through controlled privatisation and deregulation,[15][16] the country has seen its ranking increase from ninth in 1978 to second to only the United States in 2016 as economic growth accelerated and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016.[14][1] India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s.[17] When supranational entities are included, the European Union is the second largest economy in the world. It was the largest from 2004, when ten countries joined the union,[18] to 2014, after which it was surpassed by the United States.[19]

The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF definitive data for the past year and estimates for the current year are published twice a year in April and October. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, the State of Palestine and Taiwan) are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics.

Lists

Per the International Monetary Fund (2019 estimates)[1] Per the World Bank (2019)[20] Per the United Nations (2017)[21][22]
Rank Country/Territory GDP
(US$million)
   World[19] 87,265,226
1  United States 21,439,453
 European Union[23][n 1] 18,705,132
2  China[n 2] 14,140,163
3  Japan 5,154,475
4  Germany 3,863,344
5  India 2,935,570
6  United Kingdom 2,743,586
7  France 2,707,074
8  Italy 1,988,636
9  Brazil 1,847,020
10  Canada 1,730,914
11  Russia[n 3] 1,637,892
12  Korea, South 1,629,532
13  Spain 1,397,870
14  Australia 1,376,255
15  Mexico 1,274,175
16  Indonesia 1,111,713
17  Netherlands 902,355
18  Saudi Arabia 779,289
19  Turkey 743,708
20   Switzerland 715,360
 Taiwan 586,104
21  Poland 565,854
22  Thailand 529,177
23  Sweden 528,929
24  Belgium 517,609
25  Iran 458,500
26  Austria 447,718
27  Nigeria 446,543
28  Argentina 445,469
29  Norway 417,627
30  United Arab Emirates 405,771
31  Israel 387,717
32  Ireland 384,940
 Hong Kong 372,989
33  Malaysia 365,303
34  Singapore 362,818
35  South Africa 358,839
36  Philippines 356,814
37  Denmark 347,176
38  Colombia 327,895
39  Bangladesh 317,465
40  Egypt 302,256
41  Chile 294,237
42  Pakistan 284,214
43  Finland 269,654
44  Vietnam 261,637
45  Czech Republic 246,953
46  Romania 243,698
47  Portugal 236,408
48  Peru 228,989
49  Iraq 224,462
50  Greece 214,012
51  New Zealand 204,671
52  Qatar 191,849
53  Algeria 172,781
54  Hungary 170,407
55  Kazakhstan 170,326
56  Ukraine 150,401
57  Kuwait 137,591
58  Morocco 119,040
59  Ecuador 107,914
60  Slovakia 106,552
 Puerto Rico 99,913
61  Kenya 98,607
62  Angola 91,527
63  Ethiopia 91,166
64  Dominican Republic 89,475
65  Sri Lanka 86,566
66  Guatemala 81,318
67  Oman 76,609
68  Venezuela 70,140
69  Luxembourg 69,453
70  Panama 68,536
71  Ghana 67,077
72  Bulgaria 66,250
73  Myanmar 65,994
74  Tanzania 62,224
75  Belarus 62,572
76  Costa Rica 61,021
77  Croatia 60,702
78  Uzbekistan 60,490
79  Syria[n 4] 60,043/Na
80  Uruguay 59,918
81  Lebanon 58,565
 Macau 55,136
82  Slovenia 54,154
83  Lithuania 53,641
84  Serbia 51,523
85  Congo, Democratic Republic of the 48,994
86  Azerbaijan 47,171
87  Turkmenistan 46,674
88  Côte d'Ivoire 44,439
89  Jordan 44,172
90  Bolivia 42,401
91  Paraguay 40,714
92  Tunisia 38,732
93  Cameroon 38,632
94  Bahrain 38,184
95  Latvia 35,045
96  Libya 33,018
97  Estonia 31,038
98  Sudan 30,873
99  Uganda 30,666
100  Yemen 29,855
101    Nepal 29,813
102  El Salvador 26,871
103  Cambodia 26,730
104  Honduras 24,449
105  Cyprus 24,280
106  Zambia 23,946
107  Senegal 23,940
108  Iceland 23,918
109  Papua New Guinea 23,587
110  Trinidad and Tobago 22,607
111  Bosnia and Herzegovina 20,106
112  Laos 19,127
113  Afghanistan 18,734
114  Botswana 18,690
115  Mali 17,647
117  Gabon 16,877
116  Georgia 15,925
118  Jamaica 15,702
119  Albania 15,418
120  Mozambique 15,093
121  Malta 14,859
122  Burkina Faso 14,593
123  Mauritius 14,391
124  Benin 14,374
125  Namibia 14,368
126  Mongolia 13,637
127  Armenia 13,444
128  Guinea 13,368
129  Zimbabwe 12,818
130  North Macedonia 12,672
131  Bahamas, The 12,664
132  Madagascar 12,550
133  Nicaragua 12,528
134  Brunei 12,455
135  Equatorial Guinea 12,142
136  Moldova 11,688
137  Congo, Republic of the 11,576
138  Chad 11,026
139  Rwanda 10,209
140  Niger 9,443
141  Haiti 8,819
142  Kyrgyzstan 8,261
143  Tajikistan 8,152
 Kosovo 7,996
144  Malawi 7,522
145  Maldives 5,786
146  Togo 5,502
147  Mauritania 5,651
148  Montenegro 5,424
149  Fiji 5,708
150  Barbados 5,189
151  Somalia 4,958
152  Eswatini 4,657
153  Sierra Leone 4,229
154  Guyana 4,121
155  Suriname 3,774
156  South Sudan 3,681
157  Burundi 3,573
158  Liberia 3,221
159  Djibouti 3,166
160  Timor-Leste 2,938
 Aruba 2,903
161  Bhutan 2,842
162  Lesotho 2,741
163  Central African Republic 2,321
164  Eritrea 2,110
165  Belize 2,001
166  St. Lucia 1,992
167  Gambia 1,773
168  Antigua and Barbuda 1,688
169  Seychelles 1,644
170  San Marino 1,591
171  Solomon Islands 1,440
172  Grenada 1,238
173  Comoros 1,179
174  St. Kitts and Nevis 1,032
175  Vanuatu 951
176  Samoa 905
177  St. Vincent and the Grenadines 856
178  Dominica 593
179  Tonga 488
180  São Tomé and Príncipe 430
181  Micronesia, Federated States of 381
182  Palau 291
183  Marshall Islands 220
184  Kiribati 184
185  Nauru 108
186  Tuvalu 42
Rank Country/Territory GDP
(US$million)
   World 87,751,541
1  United States 21,427,700
2  China[n 5] 14,342,903
3  Japan 5,081,770
4  Germany 3,845,630
5  India 2,875,142
6  United Kingdom 2,827,113
7  France 2,715,518
8  Italy 2,001,244
9  Brazil 1,839,758
10  Canada 1,736,426
11  Russia[n 3] 1,699,877
12  Korea, South 1,642,383
13  Spain 1,394,116
14  Australia 1,392,681
15  Mexico 1,258,287
16  Indonesia 1,119,191
17  Netherlands 909,070
18  Saudi Arabia 792,967
19  Turkey 754,412
20   Switzerland 703,082
21  Poland 592,164
 Taiwan 574,905 (2017)
22  Thailand 543,650
23  Sweden 530,833
24  Belgium 529,607
25  Argentina 449,663
26  Nigeria 448,120
27  Austria 446,315
28  Iran 445,345 (2017)
29  United Arab Emirates 421,142
30  Norway 403,336
31  Israel 395,099
32  Ireland 388,699
33  Philippines 376,796
34  Singapore 372,063
 Hong Kong 366,030
35  Malaysia 364,702
36  South Africa 351,432
37  Denmark 348,078
38  Colombia 323,803
39  Egypt 303,175
40  Bangladesh 302,571
41  Chile 282,318
42  Pakistan 278,222
43  Finland 268,761
44  Vietnam 261,921
45  Romania 250,077
46  Czech Republic 246,489
47  Portugal 237,686
48  Iraq 234,094
49  Peru 226,848
50  Greece 209,853
51  New Zealand 206,929
52  Qatar 183,466
53  Kazakhstan 180,162
54  Algeria 169,988
55  Hungary 160,967
56  Ukraine 153,781
57  Kuwait 134,761
58  Morocco[n 6] 118,725
59  Ecuador 107,436
60  Slovak Republic 105,422
61  Puerto Rico 104,989
 Cuba 100,023 (2018)
62  Ethiopia 96,108
63  Kenya 95,503
64  Angola 94,635
65  Dominican Republic 88,941
66  Sri Lanka 84,009
67  Oman 76,983
68  Guatemala 76,710
69  Myanmar 76,086
70  Luxembourg 71,105
71  Bulgaria 67,927
72  Ghana 66,984
73  Panama 66,801
74  Tanzania[n 7] 63,177
75  Belarus 63,080
76  Costa Rica 61,774
77  Croatia 60,416
78  Cote d'Ivoire 58,792
79  Uzbekistan 57,921
 Uruguay 56,046
80  Lithuania 54,219
81  Macau 53,859
82  Slovenia 53,742
83  Lebanon 53,367
84  Libya 52,076
85  Serbia 51,409
86  Azerbaijan 48,048
87  Congo, Democratic Republic of the 47,320
88  Jordan 43,744
89  Bolivia 40,895
90  Turkmenistan 40,761 (2018)
91  Tunisia 38,798
92  Cameroon 38,760
93  Bahrain 38,574
94  Paraguay 38,145
95  Uganda 34,387
96  Latvia 34,117
97  Estonia 31,387
98    Nepal 30,641
99  Cambodia 27,089
100  El Salvador 27,023
101  Honduras 25,095
102  Papua New Guinea 24,970
103  Cyprus[n 8] 24,565
104  Iceland 24,188
105  Trinidad and Tobago 24,100
106  Senegal 23,578
107  Zambia 23,065
108  Zimbabwe 21,441
109  Bosnia and Herzegovina 20,048
110  Afghanistan 19,101
111  Sudan 18,902
112  Botswana 18,341
113  Laos 18,174
114  Georgia[n 9] 17,743
115  Mali 17,510
116  Gabon 16,658
117  Jamaica 16,458
118  Burkina Faso 15,746
 Albania 15,278
119  Mozambique 14,934
120  Malta 14,786
121  West Bank and Gaza 14,616 (2018)
122  Benin 14,391
123  Mauritius 14,180
124  Madagascar 14,084
125  Mongolia 13,853
126  Armenia 13,673
127  Guinea 13,590
128  Brunei 13,469
129  Niger 12,928
130  Bahamas, The 12,827
131  North Macedonia 12,695
132  Nicaragua 12,521
133  Namibia 12,367
134  Moldova[n 10] 11,955
135  Chad 11,315
136  Equatorial Guinea 11,027
137  Congo, Republic of the 10,821
138  Rwanda 10,122
139  Haiti 8,499
140  Kyrgyzstan 8,455
 Tajikistan 8,117
141  Kosovo 7,926
142  Malawi 7,667
143  Mauritania 7,594
144  Maldives 5,729
145  Fiji 5,536
146  Montenegro 5,495
147  Togo 5,460
148  Barbados 5,209
149  Eswatini 4,405
150  Guyana 4,280
151  Suriname 3,985
152  Sierra Leone 3,941
153  Djibouti 3,319
154  Andorra 3,154
155  Liberia 3,071
156  Burundi 3,012
157  Lesotho 2,460
158  Bhutan 2,447 (2018)
159  Central African Republic 2,220
160  Saint Lucia 2,122
161  Cabo Verde 1,982
162  Belize 1,880
163  Gambia, The 1,764
164  Antigua and Barbuda 1,728
165  Seychelles 1,699
166  Timor-Leste 1,674
167  San Marino 1,638 (2018)
168  Solomon Islands 1,425
169  Guinea-Bissau 1,340
170  Grenada 1,228
171  Comoros 1,186
172  Saint Kitts and Nevis 1,051
173  Vanuatu 917
174  Samoa 851
175  Saint Vincent and the Grenadines 825
176  Dominica 596
177  Tonga 450 (2018)
178  Sao Tome and Principe 429
179  Micronesia, Federated States of 402 (2018)
180  Palau 284 (2018)
181  Marshall Islands 221 (2018)
182  Kiribati 195
183  Nauru 118
184  Tuvalu 47
Rank Country/Territory GDP
(US$million)
   World[25] 80,501,413
1  United States 19,485,394
2  China[n 5] 12,234,781
3  Japan 4,872,415
4  Germany 3,693,204
5  United Kingdom 2,631,228
6  France 2,582,492
7  India 2,575,666
8  Brazil 2,055,512
9  Italy 1,943,835
10  Canada 1,647,120
11  Korea, South 1,577,524
12  Russia[n 3] 1,530,750
13  Australia 1,408,675
14  Spain 1,314,314
15  Mexico 1,158,229
16  Indonesia 1,015,539
17  Turkey 851,541
18  Netherlands 830,572
19  Saudi Arabia 683,827
20   Switzerland 678,938
21  Argentina 637,486
 Taiwan 579,865
22  Sweden 535,607
23  Poland 526,211
24  Belgium 494,763
25  Iran 460,976
26  Thailand 455,302
27  Austria 416,835
28  Norway 399,470
29  United Arab Emirates 382,575
30  Nigeria 375,769
31  Israel 353,268
32  South Africa 348,872
 Hong Kong 341,659
33  Ireland 331,430
34  Denmark 329,865
35  Singapore 323,901
36  Malaysia 314,707
37  Philippines 313,595
38  Colombia 309,191
39  Pakistan 302,139
40  Chile 277,080
41  Venezuela 255,092
42  Bangladesh 254,646
43  Finland 252,246
44  Vietnam 223,779
45  Czech Republic 215,824
46  Romania 211,803
47  Peru 211,402
48  Greece 203,085
49  New Zealand 202,044
50  Egypt 195,135
51  Portugal 195,041
52  Iraq 182,023
53  Qatar 167,605
54  Algeria 167,555
55  Kazakhstan 159,406
56  Hungary 139,761
57  Angola 126,505
58  Sudan 120,265
59  Kuwait 119,534
60  Ukraine 112,154
61  Morocco 109,708
62  Ecuador 104,295
 Puerto Rico 104,218
63  Cuba 96,851
64  Slovakia 95,617
65  Sri Lanka 87,356
66  Dominican Republic 75,931
67  Guatemala 75,619
68  Ethiopia 75,605
69  Kenya 74,938
70  Oman 70,783
71  Myanmar 67,101
72  Luxembourg 62,316
73  Panama 61,838
74  Uruguay 59,180
75  Ghana 58,996
76  Bulgaria 58,222
77  Costa Rica 57,564
78  Croatia 55,201
79  Belarus 54,441
80  Lebanon 53,393
81  Tanzania 52,090
 Macau 50,361
82  Uzbekistan 49,677
83  Slovenia 48,455
84  Lithuania 47,544
85  Serbia 41,589
86  Azerbaijan 40,748
87  Jordan 40,708
88  Tunisia 40,068
89  Côte d'Ivoire 38,054
90  Turkmenistan 37,915
91  Congo, Democratic Republic of the 37,642
92  Bolivia 37,508
93  Bahrain 35,325
94  Cameroon 34,924
95  Latvia 30,463
96  Paraguay 29,435
97  Yemen 27,956
98  Uganda 27,698
99  Estonia 25,921
100  Zambia 25,868
101  Libya 25,127
102    Nepal 24,870
103  El Salvador 24,805
104  Iceland 24,476
105  Honduras 22,978
106  Cambodia 22,121
107  Trinidad and Tobago 22,104
108  Cyprus 22,054
109  Papua New Guinea 22,005
110  Afghanistan 21,992
111  Senegal 21,126
112  Bosnia and Herzegovina 18,169
113  Zimbabwe 18,036
114  Botswana 17,406
115  Korea, North 17,364
116  Laos 16,853
117  Mali 15,235
118  Georgia 15,159
 Palestine, State of 14,498
119  Gabon 14,623
120  Mozambique 12,651
121  Equatorial Guinea 12,487
122  Brunei 12,128
123  Congo, Republic of the 11,292
124  Jamaica 14,826
125  Nicaragua 13,814
126  Mauritius 13,366
127  Namibia 13,244
128  Albania 13,039
129  Malta 12,553
130  Burkina Faso 12,324
131  Bahamas, The 11,791
132  Armenia 11,536
133  North Macedonia 11,279
134  Mongolia 11,135
135  Chad 10,716
136  Madagascar 10,674
137  Guinea 10,208
 New Caledonia 9,894
138  Benin 9,236
139  Rwanda 9,136
140  Haiti 8,521
141  Moldova 8,128
142  Niger 8,119
143  Kyrgyzstan 7,564
 Kosovo 7,227
144  Tajikistan 7,145
145  Monaco 6,400
146  Malawi 6,339
147  Liechtenstein 6,295
148  South Sudan 5,693
 French Polynesia 5,623
 Bermuda 5,601
149  Suriname 5,210
150  Mauritania 5,092
151  Timor-Leste 4,970
152  Sierra Leone 4,893
153  Montenegro 4,588
154  Togo 4,576
155  Fiji 4,532
156  Eswatini 4,482
157  Barbados 4,353
158  Eritrea 3,858
 Cayman Islands 3,480
159  Andorra 3,278
 Curaçao 3,159
160  Guyana 3,086
161  Maldives 3,032
162  Burundi 2,869
 Aruba 2,664
163  Bhutan 2,562
 Greenland 2,441
164  Liberia 2,122
165  Lesotho 2,081
166  Central African Republic 1,992
167  Belize 1,902
168  Cape Verde 1,855
169  Djibouti 1,844
170  Saint Lucia 1,718
171  San Marino 1,689
172  Somalia 1,535
173  Seychelles 1,486
 Zanzibar 1,391
174  Antigua and Barbuda 1,248
175  Guinea-Bissau 1,209
176  Solomon Islands 1,103
 Sint Maarten 1,059
 British Virgin Islands 902
177  Grenada 884
178  Saint Kitts and Nevis 852
179  Gambia, The 851
180  Samoa 824
181  Vanuatu 812
 Turks and Caicos Islands 797
182  Saint Vincent and the Grenadines 729
183  Comoros 648
184  Dominica 533
185  Tonga 435
186  São Tomé and Príncipe 337
187  Micronesia, Federated States of 308
 Cook Islands 311
 Anguilla 311
188  Palau 234
189  Marshall Islands 209
190  Nauru 182
191  Kiribati 180
 Montserrat 63
192  Tuvalu 38

See also

Notes

  1. ^ Based on IMF data. If no data is available for a country from the IMF, then data from the United Nations is used.
  1. ^ The European Union (EU) is an economic and political union of 27 member states that are located primarily in Europe. The EU is included as a separate entity in The World Factbook of CIA because it has many attributes of independent nations, being much more than a free-trade association such as ASEAN, NAFTA, or Mercosur.[24] As the EU is not a country, China is the second ranked country on these lists.
  2. ^ Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
  3. ^ a b c Figures exclude Republic of Crimea and Sevastopol.
  4. ^ Data for Syria's 2014 GDP is from the September 2011 WEO Database, the latest available from the IMF.
  5. ^ a b Figures exclude special administrative regions of Hong Kong and Macau.
  6. ^ Includes Western Sahara.
  7. ^ Covers mainland Tanzania only.
  8. ^ Data are for the area controlled by the Government of the Republic of Cyprus.
  9. ^ Excludes Abkhazia and South Ossetia.
  10. ^ Excludes data for Transnistria.

References

  1. ^ a b c "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. 15 October 2019. Retrieved 3 September 2019.
  2. ^ "What is GDP and why is it so important?". Investopedia. IAC/InterActiveCorp. 26 February 2009. Retrieved 23 May 2016.
  3. ^ Moffatt, Mike. "A Beginner's Guide to Purchasing Power Parity Theory". About.com. IAC/InterActiveCorp. Retrieved 31 May 2014.
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