List of countries by GDP (nominal)

Largest economies by nominal GDP in 2017[1]

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, 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 $19.39 trillion, notably due to high average incomes, a large population,[7] capital investment, moderate 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 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. Several economies which are not considered to be countries (the world, the European Union, and some dependent territories) are included in the lists because they appear in the sources as distinct economies. These economies are italicized and not ranked in the charts, but are listed where applicable.

Lists

Per the International Monetary Fund (2017)[1] Per the World Bank (2017)[20] Per the United Nations (2016)[21][22]
RankCountryGDP
(US$MM)
  World[19]79,865,481
1 United States19,390,600
 European Union[n 1][19]17,308,862
2 China[n 2]12,014,610
3 Japan4,872,135
4 Germany3,684,816
5 United Kingdom2,624,529
6 India2,611,012
7 France2,583,560
8 Brazil2,054,969
9 Italy1,937,894
10 Canada1,652,412
11 South Korea1,538,030
12 Russia[n 3]1,527,469
13 Australia1,379,548
14 Spain1,313,951
15 Mexico1,149,236
16 Indonesia1,015,411
17 Turkey849,480
18 Netherlands825,745
19 Saudi Arabia683,827
20  Switzerland678,575
21 Argentina637,717
22 Taiwan579,302
23 Sweden538,575
24 Poland524,886
25 Belgium494,733
26 Thailand455,378
27 Iran431,920
28 Austria416,845
29 Norway396,457
30 United Arab Emirates377,435
31 Nigeria376,284
32 Israel350,609
33 South Africa349,299
34 Hong Kong341,659
35 Ireland333,994
36 Denmark324,484
37 Singapore323,902
38 Malaysia314,497
39 Philippines313,419
40 Colombia309,197
41 Pakistan303,993
42 Chile277,042
43 Bangladesh261,374
44 Finland253,244
45 Egypt237,073
46 Vietnam220,408
47 Portugal218,064
48 Peru215,224
49 Czech Republic213,189
50 Romania211,315
51 Venezuela210,085
52 New Zealand201,485
53 Greece200,690
54 Iraq197,699
55 Algeria178,287
56 Qatar166,326
57 Kazakhstan160,839
58 Hungary152,284
59 Angola124,209
60 Kuwait120,351
61 Morocco109,824
62 Ukraine109,321
63 Ecuador102,311
64 Puerto Rico98,805
65 Slovakia95,938
66 Sri Lanka87,591
67 Ethiopia80,874
68 Kenya79,511
 Syria[n 4]77,460/Na
69 Guatemala75,661
70 Dominican Republic75,018
71 Oman74,274
72 Myanmar66,537
73 Luxembourg62,393
74 Uruguay58,415
75 Panama61,838
76 Costa Rica58,056
77 Sudan58,239
78 Bulgaria56,943
79 Croatia54,516
80 Belarus54,436
81 Tanzania51,725
82 Lebanon51,457
83 Macau49,802
84 Slovenia48,868
85 Uzbekistan47,883
86 Lithuania47,263
87 Ghana47,032
88 Serbia41,471
89 Democratic Republic of the Congo41,441
90 Azerbaijan40,670
91 Jordan40,487
92 Côte d'Ivoire40,360
93 Tunisia40,275
94 Turkmenistan37,926
95 Bolivia37,122
96 Bahrain34,895
97 Cameroon34,006
98 Libya31,331
99 Latvia30,319
100 Paraguay29,619
101 El Salvador28,023
102 Uganda26,349
103 Estonia25,973
104 Zambia25,504
105   Nepal24,472
106 Iceland23,909
107 Papua New Guinea23,617
108 Honduras22,975
109 Cambodia22,252
110 Cyprus21,310
111 Afghanistan20,889
112 Trinidad and Tobago20,300
113 Bosnia and Herzegovina17,457
114 Laos17,152
115 Zimbabwe17,105
116 Botswana16,725
117 Yemen16,511
118 Senegal16,057
119 Georgia15,230
120 Mali14,998
121 Gabon14,467
122 Jamaica14,290
123 Nicaragua13,692
124 Burkina Faso13,187
125 Albania13,001
126 Namibia12,558
127 Mozambique12,345
128 Mauritius12,273
129 Malta12,011
130 Brunei11,963
131 Macedonia11,416
132 Armenia11,037
133 Mongolia10,869
134 Madagascar10,557
135 Equatorial Guinea10,069
136 Chad9,740
137 Benin9,410
138 Guinea9,183
139 Bahamas9,127
140 Rwanda8,918
141 Kosovo8,883
142 Haiti8,360
143 Moldova7,945
144 Niger7,892
145 Republic of Congo7,799
146 Tajikistan7,234
147 Kyrgyzstan7,061
148 Malawi6,261
149 Eritrea6,050
150 Fiji5,054
151 Mauritania4,985
152 Barbados4,821
153 Togo4,797
154 Maldives4,520
155 Montenegro4,405
156 Swaziland4,030
157 Sierra Leone3,897
158 Suriname3,665
159 Guyana3,591
160 Burundi3,393
161 South Sudan2,870
162 Lesotho2,721
163 Timor-Leste2,716
164 Bhutan2,321
165 Liberia2,140
166 Djibouti2,082
167 Central African Republic1,992
168 Belize1,819
169 Cape Verde1,728
170 St. Lucia1,717
171 San Marino1,592
172 Antigua and Barbuda1,535
173 Seychelles1,479
174 Guinea-Bissau1,295
175 Solomon Islands1,273
176 Grenada1,111
177 The Gambia1,038
178 St. Kitts and Nevis939
179 Samoa844
180 Vanuatu837
181 St. Vincent and the Grenadines815
182 Comoros659
183 Dominica608
184 Tonga437
185 São Tomé and Príncipe372
186 Federated States of Micronesia329
187 Palau321
188 Marshall Islands199
189 Kiribati186
190 Tuvalu40
RankCountryGDP
(US$MM)
  World80,683,787
1 United States19,390,604
 European Union[23]17,277,698
2 China[n 5]12,237,700
3 Japan4,872,137
4 Germany3,677,439
5 United Kingdom2,622,434
6 India2,597,491
7 France2,582,501
8 Brazil2,055,506
9 Italy1,934,798
10 Canada1,653,043
11 Russia[n 3]1,577,524
12 South Korea1,530,751
13 Australia1,323,421
14 Spain1,311,320
15 Mexico1,149,919
16 Indonesia1,015,539
17 Turkey851,102
18 Netherlands826,200
19 Saudi Arabia683,827
20  Switzerland678,887
21 Argentina637,590
22 Sweden538,040
23 Poland524,510
24 Belgium492,681
25 Thailand455,221
26 Iran439,514
27 Austria416,596
28 Norway398,832
29 United Arab Emirates382,575
30 Nigeria375,771
31 Israel350,851
32 South Africa349,419
33 Hong Kong341,449
34 Ireland333,731
35 Denmark324,872
36 Singapore323,907
37 Malaysia314,500
38 Philippines313,595
39 Colombia309,191
40 Pakistan304,952
41 Chile277,076
42 Finland251,885
43 Bangladesh249,724
44 Egypt235,369
45 Vietnam223,864
46 Portugal217,571
47 Czech Republic215,726
48 Romania211,803
49 Peru211,389
50 New Zealand205,853
51 Greece200,288
52 Iraq197,716
53 Algeria170,371
54 Qatar167,605
55 Kazakhstan159,407
56 Hungary139,135
57 Angola124,209
58 Kuwait120,126
59 Sudan117,488
60 Ukraine112,154
61 Morocco[n 6]109,139
62 Ecuador103,057
63 Slovak Republic95,769
64 Sri Lanka87,175
65 Ethiopia80,561
66 Dominican Republic75,932
67 Guatemala75,620
68 Kenya74,938
69 Oman72,643
70 Myanmar69,322
71 Luxembourg62,404
72 Panama61,838
73 Costa Rica57,057
74 Bulgaria56,832
75 Uruguay56,157
76 Croatia54,849
77 Belarus54,442
78 Tanzania[n 7]52,090
79 Lebanon51,844
80 Libya50,984
81 Macau50,361
82 Slovenia48,770
83 Uzbekistan48,718
84 Ghana47,330
85 Lithuania47,168
86 Turkmenistan42,355
87 Serbia41,432
88 Azerbaijan40,748
89 Cote d'Ivoire40,389
90 Tunisia40,257
91 Jordan40,068
92 Bolivia37,509
93 Democratic Republic of the Congo37,241
94 Bahrain35,307
95 Cameroon34,799
96 Latvia30,264
97 Paraguay29,735
98 Estonia25,921
99 Uganda25,891
100 Zambia25,809
101 El Salvador24,805
102   Nepal24,472
103 Iceland23,909
104 Honduras22,979
105 Cambodia22,158
106 Trinidad and Tobago22,105
107 Cyprus[n 8]21,652
108 Papua New Guinea21,089
109 Afghanistan20,815
110 Bosnia and Herzegovina18,169
111 Zimbabwe17,846
112 Botswana17,407
113 Laos16,853
114 Senegal16,375
115 Mali15,288
116 Georgia[n 9]15,159
117 Jamaica14,768
118 Gabon14,623
119 West Bank and Gaza14,498
120 Nicaragua13,814
121 Mauritius13,338
122 Namibia13,245
123 Albania13,039
124 Burkina Faso12,873
125 Malta12,538
126 Equatorial Guinea12,487
127 Mozambique12,334
128 The Bahamas12,162
129 Brunei Darussalam12,128
130 Armenia11,537
131 Madagascar11,500
132 Mongolia11,488
133 Macedonia11,338
134 Guinea10,491
135 Chad9,981
136 Benin9,274
137 Rwanda9,137
138 Republic of the Congo8,723
139 Haiti8,408
140 Moldova[n 10]8,128
141 Niger8,120
142 Kyrgyzstan7,565
143 Somalia7,369
144 Tajikistan7,146
145 Kosovo7,129
146 Malawi6,303
147 Fiji5,061
148 Mauritania5,025
149 Togo4,813
150 Barbados4,797
151 Montenegro4,774
152 Maldives4,597
153 Swaziland4,409
154 Sierra Leone3,774
155 Guyana3,676
156 Burundi3,478
157 Suriname3,324
158 Andorra3,013
159 Timor-Leste2,955
160 Lesotho2,639
161 Bhutan2,512
162 Liberia2,158
163 Central African Republic1,949
164 Djibouti1,845
165 Belize1,838
166 Cabo Verde1,754
167 Saint Lucia1,712
168 San Marino1,659
169 Antigua and Barbuda1,532
170 Seychelles1,486
171 Guinea-Bissau1,347
172 Solomon Islands1,303
173 Grenada1,119
174 The Gambia1,015
175 Saint Kitts and Nevis946
176 Vanuatu863
177 Samoa857
178 Saint Vincent and the Grenadines790
179 Comoros649
180 Dominica563
181 Tonga426
182 Sao Tome and Principe391
183 Federated States of Micronesia336
184 Palau292
185 Marshall Islands199
186 Kiribati196
187 Nauru114
188 Tuvalu40
RankCountryGDP
(US$MM)
  World[24]75,648,448
1 United States18,624,475
2 China[n 5]11,218,281
3 Japan4,936,211
4 Germany3,477,796
5 United Kingdom2,647,898
6 France2,465,453
7 India2,259,642
8 Italy1,858,913
9 Brazil1,795,925
10 Canada1,529,760
11 South Korea1,411,245
12 Australia1,304,463
13 Russia[n 3]1,246,015
14 Spain1,237,255
15 Mexico1,076,914
16 Indonesia932,259
17 Turkey863,711
18 Netherlands777,227
19  Switzerland668,851
20 Saudi Arabia639,617
21 Argentina545,866
22 Sweden514,475
23 Poland471,402
24 Belgium467,955
25 Iran425,402
26 Thailand407,026
27 Nigeria404,649
28 Austria390,799
29 Norway371,068
30 United Arab Emirates399,451
31 Colombia377,740
32 South Africa349,819
33 Denmark346,119
34 Malaysia326,933
35 Singapore307,872
36 Israel305,673
37 Venezuela291,376
38 Philippines290,896
39 Egypt282,242
40 Hong Kong274,027
41 Finland272,217
42 Chile258,062
43 Pakistan251,255
44 Ireland250,814
45 Greece235,574
46 Portugal230,117
47 Iraq225,422
48 Kazakhstan216,036
49 Algeria213,518
50 Qatar211,817
51 Czech Republic205,270
52 Peru201,809
53 Romania199,045
54 New Zealand198,652
55 Vietnam186,205
56 Bangladesh173,062
57 Kuwait163,637
58 Angola146,676
59 Hungary138,347
60 Ukraine131,806
61 Morocco110,009
62 Puerto Rico103,676
63 Ecuador100,917
64 Slovakia100,249
65 Cuba89,689
66 Sudan81,894
67 Oman81,797
68 Belarus76,139
69 Azerbaijan75,193
70 Sri Lanka74,941
71 Myanmar66,478
72 Luxembourg64,874
73 Dominican Republic63,969
74 Uzbekistan63,030
75 Kenya60,936
76 Guatemala58,827
77 Uruguay57,471
78 Croatia57,137
79 Bulgaria56,718
80 Macau55,502
81 Ethiopia53,638
82 Lebanon49,631
83 Costa Rica49,553
84 Slovenia49,491
85 Panama49,166
86 Lithuania48,392
87 Tanzania48,030
88 Turkmenistan47,932
89 Tunisia47,423
90 Serbia43,866
91 Libya41,319
92 Ghana37,177
93 Yemen37,131
94 Democratic Republic of the Congo35,909
95 Jordan35,827
96 Côte d'Ivoire34,254
97 Bahrain33,850
98 Bolivia32,996
99 Cameroon32,051
100 Latvia31,286
101 Paraguay30,985
102 Trinidad and Tobago28,069
103 Uganda27,465
104 Zambia26,963
105 Estonia26,485
106 El Salvador25,164
107 Cyprus23,077
108 Afghanistan21,122
109 Honduras19,497
110   Nepal19,489
111 Bosnia and Herzegovina18,491
112 Gabon17,412
113 North Korea17,396
114 Brunei17,104
115 Mozambique17,081
116 Iceland17,036
117 Cambodia16,778
118 Equatorial Guinea16,731
119 Papua New Guinea16,576
120 Georgia16,530
121 Botswana15,813
122 Senegal15,658
123 Zimbabwe14,719
124 Congo, Republic of the14,077
125 Jamaica13,927
126 Namibia13,429
127 Albania13,413
128 Chad12,791
129 State of Palestine12,766
130 Burkina Faso12,756
131 Mauritius12,616
132 Mongolia12,067
133 Mali11,979
134 Nicaragua11,806
135 Laos11,749
136 Macedonia11,319
137 South Sudan11,007
138 Armenia10,889
139 Madagascar10,674
140 Malta10,536
141 New Caledonia10,234
142 Benin9,575
143 Tajikistan9,242
144 Haiti8,599
145 The Bahamas8,510
146 Niger8,169
147 Moldova7,944
148 Rwanda7,903
149 Kyrgyzstan7,404
150 Kosovo7,387
151 Monaco7,060
152 Guinea6,579
153 Liechtenstein5,855
154 Malawi5,720
155 French Polynesia5,623
156 Bermuda5,601
157 Suriname5,210
158 Mauritania5,092
159 Timor-Leste4,970
160 Sierra Leone4,893
161 Montenegro4,588
162 Togo4,576
163 Fiji4,532
164 Swaziland4,482
165 Barbados4,353
166 Eritrea3,858
167 Cayman Islands3,480
168 Andorra3,278
169 Curaçao3,159
170 Guyana3,086
171 Maldives3,032
172 Burundi2,869
173 Aruba2,664
174 Greenland2,441
175 Liberia2,122
176 Lesotho2,081
177 Bhutan1,965
178 Cape Verde1,855
179 San Marino1,845
180 Central African Republic1,838
181 Belize1,699
182 Djibouti1,589
183 Seychelles1,511
184 Saint Lucia1,406
185 Somalia1,375
186 Zanzibar1,289
187 Antigua and Barbuda1,248
188 Guinea-Bissau1,209
189 Solomon Islands1,103
190 Sint Maarten1,059
191 British Virgin Islands902
192 Grenada884
193 Saint Kitts and Nevis852
194 The Gambia851
195 Samoa824
196 Vanuatu812
197 Turks and Caicos Islands797
198 Saint Vincent and the Grenadines729
199 Comoros648
200 Dominica533
201 Tonga435
202 São Tomé and Príncipe337
203 Federated States of Micronesia308
204 Cook Islands311
205 Anguilla311
206 Palau234
207 Marshall Islands209
208 Nauru182
209 Kiribati180
210 Montserrat63
211 Tuvalu38

See also

Notes

  1. The European Union (EU) is an economic and political union of 28 member states that are located primarily in Europe.
  2. Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
  3. 1 2 3 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. 1 2 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. 1 2 3 "World Economic Outlook Database". International Monetary Fund. 17 April 2018.
  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.
  4. Ito, Takatoshi; Isard, Peter; Symansky, Steven (January 1999). "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia" (PDF). Changes in Exchange Rates in Rapidly Development Countries: Theory, Practice, and Policy Issues. National Bureau of Economic Research. Retrieved 23 May 2016.
  5. Callen, Tim (28 March 2012). "Purchasing Power Parity: Weights Matter". Finance & Development. International Monetary Fund. Retrieved 30 May 2014.
  6. Callen, Tim (28 March 2012). "Gross Domestic Product: An Economy's All". Finance & Development. International Monetary Fund. Retrieved 31 May 2014.
  7. Vo, Lam Thuy (30 May 2012). "The World's Richest Countries and Biggest Economies, In 2 Graphics". Planet Money. National Public Radio. Retrieved 4 June 2014.
  8. Burgen, Emily et. al. (5 April 2012). "An Elusive Relation Between Unemployment and GDP Growth: Okun's Law". Economic Trends. Federal Reserve Bank of Cleveland. Retrieved 3 June 2016.
  9. Vitez, Osmond. "The Importance of Consumer Spending". Houston Chronicle. Hearst Corporation. Retrieved 4 June 2014.
  10. Koesterich, Russ (16 May 2014). "America The Youthful? Yes, On a Relative Basis". BlackRock. Retrieved 4 June 2014.
  11. Landefeld, J. Steven (11 February 2008). "The Multi-Factor Productivity Residual" (PDF). Measuring Innovation’s Role in GDP & Productivity Growth. Bureau of Economic Analysis. Retrieved 4 June 2014.
  12. "Tuvalu". Europa. European Commission. 17 February 2012. Retrieved 2 June 2016.
  13. Matthews, Chris (5 October 2014). "5 Most Powerful Economic Empires of All Time". Fortune. Time, Inc. Retrieved 23 May 2016.
  14. 1 2 Kroeber, Arthur R. (2016). China's Economy: What Everyone Needs to Know. New York, United States: Oxford University Press.
  15. Kau, Michael Ying-mao (30 September 1993). "China in the Era of Deng Xiaoping: A Decade of Reform". Studies on Contemporary China. Taylor & Francis. Retrieved 23 May 2016.
  16. Hu, Zuliu; Khan, Mohsin S. (April 1997). "Why Is China Growing So Fast?" (PDF). Economic Issues. International Monetary Fund. Retrieved 26 May 2016.
  17. Rodrik, Dani; et al. (March 2004). "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition" (PDF). National Bureau of Economic Research. Retrieved 23 March 2016.
  18. "The economics of enlargement". Europa. European Commission. 30 October 2010. Retrieved 26 May 2016.
  19. 1 2 3 "Report for Selected Country Groups and Subjects". World Economic Outlook. International Monetary Fund. April 2018.
  20. "GDP (current US$)". World Development Indicators. World Bank. Retrieved 3 July 2018.
  21. "GDP and its breakdown at current prices in US Dollars". United Nations Statistics Division. December 2017.
  22. "United Nations Statistics Division - National Accounts". unstats.un.org.
  23. "EU GDP (current US$)". World Development Indicators. World Bank. Retrieved 1 July 2016.
  24. "All countries and regions/subregions (totals) for all years - sorted by region/subregion". United Nations. United Nations. Retrieved September 27, 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.