Gross domestic product (GDP)

Table of Contents

GDP by country

Lack of map.
A map of the world, with colours to highlight the GDP of each country. Numbers on the legend are US$.

List of all countries

Flag Position Country Number
1 United States of America (USA) 27720709000000
2 China 17794783039552
3 Germany 4525703903627
4 Japan 4204494802431
5 India 3567551674623
6 United Kingdom 3380854520809
7 France 3051831611384
8 Italy 2300941152991
9 Brazil 2173665655937
10 Canada 2142470914401
11 Russia 2021421476035
12 Mexico 1789114434843
13 Australia 1728057316695
14 South Korea 1712792854202
15 Spain 1620090734956
16 Indonesia 1371171152331
17 Netherlands 1154361305398
18 Turkey 1118252964260
19 Saudi Arabia 1067582933333
20 Switzerland 884940402230
21 Poland 809200697797
22 Argentina 646075277525
23 Belgium 644782756682
24 Sweden 584960475767
25 Ireland 551394889339
26 Thailand 514968699239
27 United Arab Emirates 514130432653
28 Israel 513611100815
29 Austria 511685203845
30 Singapore 501427500080
31 Norway 485310823603
32 Bangladesh 437415331040
33 Philippines 437146372729
34 Vietnam 429716969043
35 Denmark 407091920305
36 Iran 404625655204
37 Malaysia 399705169318
38 Egypt 396002496996
39 South Africa 380699271814
40 Nigeria 363846332834
41 Colombia 363493841244
42 Romania 350775856415
43 Czechia 343207874553
44 Pakistan 337912301397
45 Chile 335533331669
46 Finland 295532341254
47 Portugal 289114289663
48 Peru 267603248655
49 Kazakhstan 262641892078
50 New Zealand 252175506110
51 Iraq 250842782139
52 Algeria 247626161016
53 Greece 243498333237
54 Qatar 213002809330
55 Hungary 212388906458
56 Ukraine 178757021965
57 Kuwait 163704878875
58 Ethiopia 163697927593
59 Morocco 144417103249
60 Slovakia 132908336234
61 Dominican Republic 121444279313
62 Ecuador 118844826000
63 Sudan 109265503110
64 Oman 108810923276
65 Guatemala 104450210572
66 Bulgaria 102407653020
67 Uzbekistan 101591769702
68 Costa Rica 86497941439
69 Luxembourg 85755006123
70 Angola 84824654481
71 Croatia 84393795502
72 Sri Lanka 84356863743
73 Panama 83318176900
74 Serbia 81342660752
75 Lithuania 79789877416
76 Tanzania 79062403820
77 Ivory Coast 78875489245
78 Uruguay 77240830877
79 Ghana 76370396722
80 Azerbaijan 72356176470
81 Belarus 71857382745
82 Slovenia 69148468417
83 Myanmar 66757619000
84 Democratic Republic of the Congo 66383287002
85 Turkmenistan 60628857142
86 Jordan 50967475352
87 Cameroon 49279410982
88 Tunisia 48529595416
89 Bahrain 46079867021
90 Bolivia 45135398008
91 Libya 45096462972
92 Paraguay 42956263543
93 Cambodia 42335646895
94 Latvia 42247850064
95 Estonia 41291245222
96 Nepal 40908073366
97 Zimbabwe 35231367885
98 Honduras 34400509852
99 El Salvador 34015620000
100 Cyprus 33886930712
101 Iceland 31325116556
102 Senegal 30848333083
103 Georgia 30777833585
104 Papua New Guinea 30729242919
105 Zambia 27577956471
106 Bosnia and Herzegovina 27514782476
107 Trinidad and Tobago 27372285697
108 Armenia 24085749592
109 Albania 23547179830
110 Malta 22328640241
111 Guinea 22199409741
112 Mozambique 20954220983
113 Mali 20661794596
114 Mongolia 20325121393
115 Burkina Faso 20324617844
116 Haiti 19850829757
117 Benin 19676049075
118 Jamaica 19423355409
119 Botswana 19396084498
120 Gabon 19388402541
121 Nicaragua 17829218219
122 Afghanistan 17233051620
123 Guyana 17159509565
124 Niger 16819170420
125 Moldova 16539436547
126 Laos 15843155731
127 Madagascar 15790113246
128 North Macedonia 15763621848
129 Congo 15321055822
130 Brunei Darussalam 15128292980
131 Mauritius 14644524819
132 Bahamas 14338500000
133 Rwanda 14097768472
134 Kyrgyzstan 13987627908
135 Chad 13149325362
136 Malawi 12712150082
137 Namibia 12351025066
138 Equatorial Guinea 12337550583
139 Tajikistan 12060602008
140 Somalia 10968517090
141 Mauritania 10651709411
142 Monaco 9995350547
143 Togo 9171261837
144 Montenegro 7530593375
145 Barbados 6720733200
146 Maldives 6590894301
147 Sierra Leone 6411869546
148 Fiji 5442046565
149 Eswatini 4442875788
150 Liberia 4240000000
151 Djibouti 4098530513
152 Andorra 3785067331
153 Suriname 3455146280
154 Belize 3066850000
155 Burundi 2642161668
156 Central African Republic 2555492085
157 Cabo Verde 2533819406
158 Saint Lucia 2430148148
159 Gambia 2396111021
160 Seychelles 2141450171
161 Lesotho 2117962450
162 Timor-Leste 2079916900
163 Guinea-Bissau 2048348108
164 Antigua and Barbuda 2033085185
165 Solomon Islands 1633319401
166 Comoros 1352380971
167 Grenada 1316733333
168 Vanuatu 1126313359
169 Saint Vincent and the Grenadines 1065962962
170 Saint Kitts and Nevis 1055499777
171 Samoa 938189443
172 Sao Tome and Principe 678976264
173 Dominica 653992592
174 Micronesia 460000000
175 Palau 281849062
176 Kiribati 279208903
177 Marshall Islands 259300000
178 Nauru 154170289
179 Tuvalu 62280311

Bar chart

World GDP by year

World GDP by year.

Table

Year Number
1960 1371947205151
1961 1445950587026
1962 1550597670600
1963 1669569735937
1964 1830168405451
1965 1994297576262
1966 2161754227675
1967 2293943739361
1968 2478900302001
1969 2738143638273
1970 3003116289070
1971 3318577763684
1972 3833100090143
1973 4687590908817
1974 5418369997022
1975 6033156160029
1976 6558692084468
1977 7414824793154
1978 8778339992333
1979 10153805685261
1980 11449695442678
1981 11839946290807
1982 11716617789328
1983 11960039294489
1984 12424879538978
1985 13013695543914
1986 15344248521526
1987 17466868979760
1988 19517437502346
1989 20386716203505
1990 22987402273855
1991 23911650750982
1992 25534209067457
1993 25958546729023
1994 27941899637871
1995 31149677985790
1996 31866900968539
1997 31760810644454
1998 31702676349248
1999 32747088959180
2000 33855853033266
2001 33646060924936
2002 34940171807391
2003 39181755907935
2004 44151098975078
2005 47811684840222
2006 51815358465522
2007 58389218140008
2008 64152276357317
2009 60814498796339
2010 66609708734786
2011 74080837776246
2012 75705854038889
2013 77873446166547
2014 80020337644636
2015 75472473882835
2016 76702553625899
2017 81712043350515
2018 86884839554431
2019 88149850742946
2020 85763013427792
2021 97848299706454
2022 101770911729948
2023 106171667873321

Largest economies by GDP

Top 10 countries by GDP

What is Gross Domestic Product?

While calculating the power of the particular country, quite often we refer to its GDP. Gross Domestic Product is one of the most basic methods thanks to which we can measure the effects of work of the entire community. It includes all the products and services the given nation has got to offer. 

For Most of the time these values were used to measure the size of the economy in order to indicate whether we are dealing with an increase, decrease, or a stagnation. Not every major power was taken into account at the beginning, but at this moment it is possible to verify Gross Domestic Product for each and every nation there is, including yours.

How to calculate the GDP value?

There are three different approaches we can use in order to calculate the value. We mean here expenditure approach, income approach, and production approach. The first method calculates the value based on all the expenditures, including consumption, investments, government expenditures, and the change in stocks.

The second option assumes that the value of GDP has to be equal to the sum of all incomes, namely labor income, capital income, and state income, taking into account depreciation. The third approach is simply a value of all final goods and services that were produced without the values of all goods and services used in this production.

What are currently the top 3 countries in terms of GDP?

According to data collected in 2019, at this moment there are two countries that top all the other, and we mean here United States and China. The highest GDP currently available is in the States and it is estimated at around $21 trillion. Interestingly, this is almost a quarter of the entire GDP of the world.

China has a guaranteed second place with an incredibly large amount of $14.3 trillion. After that, there is a large drop, since Japan has "only" $5 trillion. Fourth place belongs to Germany with $3.8 trillion, and we finish the top 5 with India, which has GDP at around $2.8 trillion.

Which country has achieved the highest GDP growth?

According to World Bank Data, the largest growths occurred at Timor-Leste, a very tiny island nation that is located in Southeast Asia. It had the GDP growth of around 18%. Nonetheless, it needs to be determined whether such a gigantic increase was due to dynamic growth of the economy or whether the correction of previous estimations.

Surprisingly, the biggest growths one can notice regard some of the African countries such as Rwanda, Ethiopia, Eritrea, as well as nations from Asia like Nepal, Vietnam, Cambodia, Bangladesh, and Armenia. All of them had the GDP growth of around 7-10%.

Most of us are interested in the biggest nations around the globe. In terms of that, very high growths were recorded in China (6.1%), Ireland (5.5%), Estonia (5%), and in Hungary and Poland (4.5%). India had 4.2% of GDP growth in the last year, whereas the United states had 2.2%. Other nations from the top 5 recorded insignificant growths at the level of 0.6% (Germany) and 0.7% (Japan), as the 2019 data inform us.