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List of countries by GDP (nominal)

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Largest economies by nominal GDP in 2017
(counting the economies of the European Union as one)
according to International Monetary Fund estimates.[1]
A pie chart displaying the world's seven largest economies—the United States, the European Union, China, Japan, India, Brazil, and Canada.
The United States, the world's largest economy, accounts for approximately 25 percent of Nominal world GDP, and the seven largest economies (amalgamating the European Union economies as one) account for 75 percent of the total.

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 $18.56 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 neoliberal reforms 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 largely includes data compiled by the International Monetary Fund's World Economic Outlook for 2016, the second list shows the World Bank's 2015 estimates, the third list includes data compiled by the United Nations Statistics Division for 2013, and the fourth list includes mostly 2015 estimates from The World Factbook by the Central Intelligence Agency. 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 (2016)[1] Per the World Bank (2015)[20] Per the United Nations (2015)[21]
Rank Country GDP
(millions of US$)
 World[19] 75,278,049
1  United States 18,569,100
 European Union[n 1][19] 16,408,364
2  China[n 2] 11,218,281
3  Japan 4,938,644
4  Germany 3,466,639
5  United Kingdom 2,629,188
6  France 2,463,222
7  India 2,256,397
8  Italy 1,850,735
9  Brazil 1,798,622
10  Canada 1,529,224
11  South Korea 1,411,246
12  Russia[n 3] 1,280,731
13  Australia 1,258,978
14  Spain 1,232,597
15  Mexico 1,046,002
16  Indonesia 932,448
17  Turkey 857,429
18  Netherlands 771,163
19   Switzerland 659,850
20  Saudi Arabia 639,617
21  Argentina 545,124
22  Taiwan 528,550
23  Sweden 511,397
24  Poland 467,591
25  Belgium 466,960
26  Thailand 406,949
27  Nigeria 405,952
28  Austria 386,752
29  Iran 376,755
30  United Arab Emirates 371,353
31  Norway 370,449
32  Egypt 332,349
33  Hong Kong 320,668
34  Israel 318,386
35  Denmark 306,730
36  Philippines 304,696
37  Singapore 296,967
38  Malaysia 296,359
39  South Africa 294,132
40  Ireland 293,605
41  Venezuela 287,274
42  Pakistan 284,185
43  Colombia 282,357
44  Chile 247,025
45  Finland 236,883
46  Bangladesh 227,901
47  Portugal 204,761
48  Vietnam 201,326
49  Peru 195,140
50  Greece 194,248
51  Czech Republic 192,991
52  Romania 187,039
53  New Zealand 181,991
54  Iraq 167,026
55  Algeria 160,784
56  Qatar 156,734
57  Kazakhstan 133,757
58  Hungary 125,675
59  Kuwait 109,859
60  Morocco 103,615
61  Puerto Rico 101,304
62  Ecuador 98,010
63  Angola 95,821
64  Sudan 94,421
65  Ukraine 93,263
66  Slovakia 89,525
67  Sri Lanka 82,615
68  Syria[n 4] 77,460
69  Ethiopia 72,523
70  Dominican Republic 72,194
71  Kenya 68,919
72  Guatemala 68,175
73  Uzbekistan 66,502
74  Myanmar 66,324
75  Oman 63,171
76  Luxembourg 59,468
77  Costa Rica 58,109
78  Panama 55,122
79  Uruguay 54,567
80  Bulgaria 52,418
81  Lebanon 51,991
82  Croatia 50,441
83  Belarus 48,847
84  Tanzania 47,184
85  Macau 44,110
86  Slovenia 44,009
87  Ghana 43,264
88  Lithuania 42,749
89  Tunisia 41,869
90  Democratic Republic of the Congo 41,615
91  Jordan 38,743
92  Serbia 37,745
93  Azerbaijan 37,556
94  Turkmenistan 36,180
95  Côte d'Ivoire 35,489
96  Bolivia 34,831
97  Libya 33,157
98  Bahrain 31,907
99  Cameroon 29,334
100  Latvia 27,684
101  Paraguay 27,441
102  Yemen 27,318
103  El Salvador 26,709
104  Uganda 26,195
105  Estonia 23,130
106  Honduras 21,364
107  Zambia 21,310
108    Nepal 21,154
109  Trinidad and Tobago 20,966
110  Iceland 20,047
111  Papua New Guinea 20,003
112  Cyprus 19,810
113  Cambodia 19,398
114  Afghanistan 18,886
115  Bosnia and Herzegovina 16,605
116  Botswana 15,018
117  Senegal 14,785
118  Gabon 14,273
119  Georgia 14,222
120  Zimbabwe 14,174
121  Mali 13,960
122  Jamaica 13,950
123  Laos 13,790
124  Nicaragua 13,049
125  Albania 12,126
126  Mauritius 11,950
127  Burkina Faso 11,182
128  Equatorial Guinea 11,636
129  Mozambique 11,283
130  Brunei 11,182
131  Mongolia 11,031
132  Malta 10,953
133  Macedonia 10,912
134  Namibia 10,646
135  Armenia 10,499
136  Chad 10,103
137  Madagascar 9,740
138  Bahamas 8,939
139  Benin 8,577
140  Rwanda 8,406
141  Haiti 8,257
142  Republic of Congo 7,955
143  Niger 7,479
144  Tajikistan 6,922
145  Moldova 6,750
146  Kosovo 6,707
147  Kyrgyzstan 6,551
148  Guinea 6,512
149  Malawi 5,492
150  Eritrea 5,352
151  Mauritania 4,714
152  Fiji 4,640
153  Barbados 4,588
154  Togo 4,434
155  Montenegro 4,126
156  Sierra Leone 3,981
157  Swaziland 3,770
158  Suriname 3,570
159  Guyana 3,437
160  Maldives 3,379
161  Burundi 3,133
162  South Sudan 2,914
163  Timor-Leste 2,498
164  Lesotho 2,267
165  Bhutan 2,115
166  Liberia 2,111
167  Djibouti 1,894
168  Central African Republic 1,780
169  Belize 1,743
170  Cabo Verde 1,636
171  San Marino 1,592
172  Seychelles 1,405
173  Antigua and Barbuda 1,398
174  St. Lucia 1,385
175  Solomon Islands 1,184
176  Guinea-Bissau 1,155
177  Grenada 1,027
178  The Gambia 965
179  St. Kitts and Nevis 903
180  Samoa 786
181  St. Vincent and the Grenadines 775
182  Vanuatu 773
183  Comoros 620
184  Dominica 520
185  Tonga 403
186  São Tomé and Príncipe 350
187  Federated States of Micronesia 322
188  Palau 293
189  Marshall Islands 183
190  Kiribati 167
191  Tuvalu 34
Rank Country GDP
(millions of US$)
 World 73,891,889
1  United States 18,036,648
 European Union[n 1][22] 16,229,464
2  China[n 5] 11,007,721
3  Japan 4,123,258
4  Germany 3,363,447
5  United Kingdom 2,858,003
6  France 2,418,836
7  India 2,095,398
8  Italy 1,821,497
9  Brazil 1,774,725
10  Canada 1,550,537
11  South Korea 1,377,873
12  Australia 1,339,539
13  Russia[n 3] 1,326,015
14  Spain 1,199,057
15  Mexico 1,144,331
16  Indonesia 861,934
17  Netherlands 752,547
18  Turkey 718,221
19   Switzerland 664,738
20  Saudi Arabia 646,002
21  Argentina 548,055
22  Sweden 492,618
23  Nigeria 481,066
24  Poland 474,783
25  Belgium 454,039
26  Iran 425,326
27  Thailand 395,282
28  Norway 388,315
29  Austria 374,056
30  Venezuela 371,337
31  United Arab Emirates 370,293
32  Egypt 330,779
33  South Africa 312,798
34  Hong Kong 309,929
35  Malaysia 296,218
36  Israel 296,075
37  Denmark 295,164
38  Singapore 292,739
39  Colombia 292,080
40  Philippines 291,965
41  Pakistan 269,971
42  Chile 240,216
43  Ireland 238,020
44  Finland 229,810
45  Portugal 198,931
46  Greece 195,212
47  Bangladesh 195,079
48  Vietnam 193,599
49  Peru 192,084
50  Kazakhstan 184,361
51  Czech Republic 181,811
52  Romania 177,954
53  New Zealand 173,754
54  Iraq 168,607
55  Qatar 166,908
56  Algeria 166,839
57  Hungary 120,687
58  Kuwait 112,812
59  Puerto Rico 103,135
60  Angola 102,643
61  Ecuador 100,872
62  Morocco[n 6] 100,360
63  Ukraine 90,615
64  Slovakia 86,582
65  Sudan 84,067
66  Sri Lanka 82,316
67  Cuba (2013) 77,150
68  Oman 70,255
69  Dominican Republic 67,103
70  Uzbekistan 66,733
71  Myanmar 64,866
72  Guatemala 63,794
73  Kenya 63,398
74  Ethiopia 61,537
75  Luxembourg 57,794
76  Belarus 54,609
77  Uruguay 53,443
78  Azerbaijan 53,047
79  Panama 52,132
80  Costa Rica 51,107
81  Bulgaria 48,953
82  Croatia 48,732
83  Lebanon 47,103
84  Macau 46,178
85  Tanzania[n 7] 44,895
86  Tunisia 43,015
87  Slovenia 42,747
88  Lithuania 41,244
89  Ghana 37,864
90  Jordan 37,517
91  Turkmenistan 37,334
92  Serbia 36,513
93  Yemen 35,955
94  Democratic Republic of the Congo 35,238
95  Bolivia 33,197
96  Bahrain 32,221
97 Cote d'Ivoire Côte d'Ivoire 31,753
98  Cameroon 29,198
99  Libya 29,153
100  Trinidad and Tobago 27,806
101  Paraguay 27,623
102  Latvia 27,035
103  Uganda 26,369
104  El Salvador 25,850
105  Estonia 22,691
106  Zambia 21,202
107    Nepal 20,881
108  Honduras 20,152
109  Cyprus[n 8] 19,320
110  Afghanistan 19,199
111  Bosnia and Herzegovina 18,521
112  Gabon 18,180
113  Brunei 17,105
114  Iceland 17,036
115  Papua New Guinea 16,929
116  Cambodia 16,778
117  Georgia[n 9] 16,530
118  Mozambique 15,938
119  Botswana 15,813
120  Senegal 15,658
121  Equatorial Guinea 15,530
122  Zimbabwe 14,197
123  Republic of the Congo 14,177
124  Chad 13,922
125  Jamaica 13,891
126  South Sudan 13,282
127  Albania 13,212
128  Namibia 12,995
129  Mauritius 12,630
130  Burkina Faso 12,542
131  Mali 12,037
132  Mongolia 12,016
133  Laos 11,997
134  Nicaragua 11,806
135  Armenia 11,644
136  Macedonia 11,324
137  Madagascar 10,593
138  Malta 9,643
139  Benin 9,575
140  Tajikistan 9,242
141  Haiti 8,713
142  The Bahamas 8,511
143  Niger 8,169
144  Moldova[n 10] 7,962
145  Rwanda 7,890
146  Kyrgyzstan 7,404
147  Kosovo 7,387
148  Guinea 6,624
149  Somalia 5,707
150  Bermuda 5,574
151  Liechtenstein 5,488
152  Suriname 5,210
153  Mauritania 5,061
154  Sierra Leone 4,838
155  Montenegro 4,588
156  Fiji 4,532
157  Togo 4,518
158  Swaziland 4,413
159  Barbados 4,355
160  Malawi 4,258
161  Andorra 3,249
162  Guyana 3,097
163  Burundi 3,094
164  Maldives 3,062
165  Faroe Islands 2,613
166  Greenland 2,441
167  Lesotho 2,181
168  Liberia 2,013
169  Bhutan 1,959
170  Cape Verde 1,871
171  Central African Republic 1,723
172  Belize 1,699
173  Djibouti 1,589
174  Seychelles 1,423
175  Timor-Leste 1,417
176  Saint Lucia 1,404
177  Antigua and Barbuda 1,221
178  Solomon Islands 1,158
179  Guinea-Bissau 1,209
180  The Gambia 851
181  Grenada 884
182  Saint Kitts and Nevis 852
183  Vanuatu 815
184  Samoa 800
185  Saint Vincent and the Grenadines 729
186  Comoros 624
187  Dominica 524
188  Tonga 434
189 Sao Tome and Principe São Tomé and Príncipe 337
190  Federated States of Micronesia 318
191  Palau 251
192  Marshall Islands 187
193  Kiribati 167
194  Tuvalu 38
Rank Country GDP
(millions of US$)
 World[23] 74,196,404
1  United States 18,036,648
 European Union[n 1][24] 16,832,631
2  China[n 5] 11,158,457
3  Japan 4,383,076
4  Germany 3,363,600
5  United Kingdom 2,858,003
6  France 2,418,945
7  India 2,116,239
8  Italy 1,821,580
9  Brazil 1,772,591
10  Canada 1,552,807
11  South Korea 1,377,873
12  Russia[n 3] 1,326,016
13  Australia 1,230,859
14  Spain 1,192,955
15  Mexico 1,140,724
16  Indonesia 861,933
17  Netherlands 750,318
18  Turkey 717,887
19   Switzerland 670,789
20  Saudi Arabia 653,219
21  Sweden 571,090
22  Nigeria 568,499
23  Poland 544,959
24  Argentina 543,490
25  Belgium 531,547
26  Venezuela 509,968
27  Norway 500,519
28  Austria 436,888
29  Iran 425,326
30  Thailand 404,824
31  United Arab Emirates 399,451
32  Colombia 377,740
33  South Africa 349,819
34  Denmark 346,119
35  Malaysia 326,933
36  Singapore 307,872
37  Israel 305,673
38  Philippines 290,896
39  Egypt 282,242
40  Hong Kong 274,027
41  Finland 272,217
42  Chile 258,062
43  Pakistan 251,255
44  Ireland 250,814
45  Greece 235,574
46  Portugal 230,117
47  Iraq 225,422
48  Kazakhstan 216,036
49  Algeria 213,518
50  Qatar 211,817
51  Czech Republic 205,270
52  Peru 201,809
53  Romania 199,045
54  New Zealand 198,652
55  Vietnam 186,205
56  Bangladesh 173,062
57  Kuwait 163,637
58  Angola 146,676
59  Hungary 138,347
60  Ukraine 131,806
61  Morocco 110,009
62  Puerto Rico 103,676
63  Ecuador 100,917
64  Slovakia 100,249
65  Cuba 87,205
66  Sudan 81,894
67  Oman 81,797
68  Belarus 76,139
69  Azerbaijan 75,193
70  Sri Lanka 74,941
71  Myanmar 66,478
72  Luxembourg 64,874
73  Dominican Republic 63,969
74  Uzbekistan 63,030
75  Kenya 60,936
76  Guatemala 58,827
77  Uruguay 57,471
78  Croatia 57,137
79  Bulgaria 56,718
80  Macau 55,502
81  Ethiopia 53,638
82  Lebanon 49,631
83  Costa Rica 49,553
84  Slovenia 49,491
85  Panama 49,166
86  Lithuania 48,392
87  Tanzania 48,030
88  Turkmenistan 47,932
89  Tunisia 47,423
90  Serbia 43,866
91  Libya 41,319
92  Ghana 37,177
93  Yemen 37,131
94  Democratic Republic of the Congo 35,909
95  Jordan 35,827
96 Cote d'Ivoire Côte d'Ivoire 34,254
97  Bahrain 33,850
98  Bolivia 32,996
99  Cameroon 32,051
100  Latvia 31,286
101  Paraguay 30,985
102  Trinidad and Tobago 28,069
103  Uganda 27,465
104  Zambia 26,963
105  Estonia 26,485
106  El Salvador 25,164
107  Cyprus 23,077
108  Afghanistan 21,122
109  Honduras 19,497
110    Nepal 19,489
111  Bosnia and Herzegovina 18,491
112  Gabon 17,412
113  North Korea 17,396
114  Brunei 17,104
115  Mozambique 17,081
116  Iceland 17,036
117  Cambodia 16,778
118  Equatorial Guinea 16,731
119  Papua New Guinea 16,576
120  Georgia 16,530
121  Botswana 15,813
122  Senegal 15,658
123  Zimbabwe 14,719
124  Congo, Republic of the 14,077
125  Jamaica 13,927
126  Namibia 13,429
127  Albania 13,413
128  Chad 12,791
129  Arab Palestinian areas 12,766
130  Burkina Faso 12,756
131  Mauritius 12,616
132  Mongolia 12,067
133  Mali 11,979
134  Nicaragua 11,806
135  Laos 11,749
136  Macedonia 11,319
137  South Sudan 11,007
138  Armenia 10,889
139  Madagascar 10,674
140  Malta 10,536
141  New Caledonia 10,234
142  Benin 9,575
143  Tajikistan 9,242
144  Haiti 8,599
145  The Bahamas 8,510
146  Niger 8,169
147  Moldova 7,944
148  Rwanda 7,903
149  Kyrgyzstan 7,404
150  Kosovo 7,387
151  Monaco 7,060
152  Guinea 6,579
153  Liechtenstein 5,855
154  Malawi 5,720
155  French Polynesia 5,623
156  Bermuda 5,601
157  Suriname 5,210
158  Mauritania 5,092
159  Timor-Leste 4,970
160  Sierra Leone 4,893
161  Montenegro 4,588
162  Togo 4,576
163  Fiji 4,532
164  Swaziland 4,482
165  Barbados 4,353
166  Eritrea 3,858
167  Cayman Islands 3,480
168  Andorra 3,278
169  Curaçao 3,159
170  Guyana 3,086
171  Maldives 3,032
172  Burundi 2,869
173  Aruba 2,664
174  Greenland 2,441
175  Liberia 2,122
176  Lesotho 2,081
177  Bhutan 1,965
178  Cape Verde 1,855
179  San Marino 1,845
180  Central African Republic 1,838
181  Belize 1,699
182  Djibouti 1,589
183  Seychelles 1,511
184  Saint Lucia 1,406
185  Somalia 1,375
186  Zanzibar 1,289
187  Antigua and Barbuda 1,248
188  Guinea-Bissau 1,209
189  Solomon Islands 1,103
190  Sint Maarten 1,059
191  British Virgin Islands 902
192  Grenada 884
193  Saint Kitts and Nevis 852
194  The Gambia 851
195  Samoa 824
196  Vanuatu 812
197  Turks and Caicos Islands 797
198  Saint Vincent and the Grenadines 729
199  Comoros 648
200  Dominica 533
201  Tonga 435
202 Sao Tome and Principe São Tomé and Príncipe 337
203  Federated States of Micronesia 308
204  Cook Islands 311
205  Anguilla 311
206  Palau 234
207  Marshall Islands 209
208  Nauru 182
209  Kiribati 180
210  Montserrat 63
211  Tuvalu 38

See also

Notes

  1. ^ a b c 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. ^ 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 Former Spanish 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". International Monetary Fund. 18 April 2017. 
  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. 
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