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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 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 largely includes data compiled by the International Monetary Fund's World Economic Outlook for 2017, the second list shows the World Bank's 2016 estimates, and the third list includes data compiled by the United Nations Statistics Division for 2015. 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 (Estimates 2017)[1] Per the World Bank (2016)[20] Per the United Nations (2016)[21][22]
Rank Country GDP
(US$MM)
   World[19] 75,278,049
1  United States 19,362,129
 European Union[n 1][19] 17,112,922
2  China[n 2] 11,937,562
3  Japan 4,884,489
4  Germany 3,651,871
6  France 2,574,807
7  United Kingdom 2,565,051
5  India 2,654,000
8  Brazil 2,080,916
9  Italy 1,921,139
10  Canada 1,640,385
11  South Korea 1,529,743
12  Russia[n 3] 1,469,341
13  Australia 1,390,150
14  Spain 1,307,170
15  Mexico 1,142,453
16  Indonesia 1,010,937
17  Turkey 841,206
18  Netherlands 824,480
19   Switzerland 680,645
20  Saudi Arabia 678,541
21  Argentina 619,872
22  Taiwan 571,453
23  Sweden 541,889
24  Poland 509,955
25  Belgium 491,672
26  Thailand 437,807
27  Iran 427,666
28  Austria 409,316
29  Egypt 408,045/Na
30  Nigeria 394,818
31  Norway 392,052
32  United Arab Emirates 378,656
33  Israel 348,006
34  South Africa 344,064
35  Hong Kong 334,104
36  Ireland 325,649
37  Denmark 324,146
38  Philippines 321,189
39  Malaysia 309,858
40  Colombia 307,475
41  Singapore 305,757
42  Pakistan 304,400/Na
43  Chile 263,206
44  Finland 251,381
45  Bangladesh 250,023
46  Vietnam 215,963
47  Venezuela 215,307
48  Portugal 211,696
49  Peru 210,013
50  Czech Republic 209,652
51  Romania 204,943
52  Greece 204,299
53  New Zealand 200,837
54  Iraq 192,660
55  Algeria 175,493
56  Qatar 166,346
57  Kazakhstan 156,189
58  Hungary 132,034
59  Angola 124,034
60  Sudan 118,979
61  Kuwait 118,271
62  Morocco 110,708
63  Ukraine 104,062
64  Puerto Rico 103,243
65  Ecuador 98,576
66  Slovakia 94,997
67  Sri Lanka 83,567
68  Ethiopia 79,735
69  Kenya 78,397
70  Syria[n 4] 77,460/Na
71  Dominican Republic 74,837
72  Oman 71,931
73  Guatemala 70,806
74  Uzbekistan 67,505
75  Myanmar 66,966
76  Luxembourg 63,517
77  Uruguay 60,266
78  Panama 59,051
79  Costa Rica 58,909
80  Bulgaria 55,954
81  Croatia 53,481
82  Belarus 52,783
83  Lebanon 52,698
84  Tanzania 51,614
85  Macau 51,160
86  Slovenia 48,078
87  Lithuania 46,666
88  Ghana 45,464
89  Turkmenistan 41,670
90  Jordan 40,487
91  Democratic Republic of the Congo 40,415
92  Côte d'Ivoire 39,906
93  Tunisia 39,883
94  Serbia 39,366
95  Azerbaijan 39,207
96  Bolivia 37,776
97  Bahrain 33,873
98  Libya 33,314
99  Cameroon 30,652
100  Latvia 30,176
101  Paraguay 28,780
102  El Salvador 27,407
103  Uganda 26,391
104  Estonia 25,683
105  Yemen 25,663
106  Zambia 25,576
107  Iceland 24,848
108    Nepal 24,065
109  Honduras 22,675
110  Cambodia 22,252
111  Papua New Guinea 21,811
112  Cyprus 21,109
113  Afghanistan 21,056
114  Trinidad and Tobago 20,300
115  Bosnia and Herzegovina 17,457
116  Laos 17,152
117  Zimbabwe 17,105
118  Botswana 16,725
119  Senegal 16,057
120  Georgia 15,230
121  Mali 14,998
122  Gabon 14,467
123  Jamaica 14,290
124  Nicaragua 13,692
125  Burkina Faso 13,187
126  Albania 13,001
127  Namibia 12,558
128  Mozambique 12,345
129  Mauritius 12,273
130  Malta 12,011
131  Brunei 11,963
132  Macedonia 11,416
133  Armenia 11,037
134  Mongolia 10,869
135  Madagascar 10,557
136  Equatorial Guinea 10,069
137  Chad 9,740
138  Benin 9,410
139  Guinea 9,183
140  Bahamas 9,127
141  Rwanda 8,918
142  Haiti 8,360
143  Moldova 7,945
144  Niger 7,892
145  Republic of Congo 7,799
146  Kosovo 7,536
147  Tajikistan 7,234
148  Kyrgyzstan 7,061
149  Malawi 6,261
150  Eritrea 6,050
151  Fiji 5,054
152  Mauritania 4,985
153  Barbados 4,821
154  Togo 4,797
155  Maldives 4,520
156  Montenegro 4,405
157  Swaziland 4,030
158  Sierra Leone 3,897
159  Suriname 3,665
160  Guyana 3,591
161  Burundi 3,393
162  South Sudan 2,915
163  Lesotho 2,721
164  Timor-Leste 2,716
165  Bhutan 2,321
166  Liberia 2,140
167  Djibouti 2,082
168  Central African Republic 1,992
169  Belize 1,819
170  Cabo Verde 1,728
171  St. Lucia 1,717
172  San Marino 1,592
173  Antigua and Barbuda 1,535
174  Seychelles 1,479
175  Guinea-Bissau 1,295
176  Solomon Islands 1,273
177  Grenada 1,111
178  The Gambia 1,038
179  St. Kitts and Nevis 939
180  Samoa 844
181  Vanuatu 837
182  St. Vincent and the Grenadines 815
183  Comoros 659
184  Dominica 608
185  Tonga 437
186  São Tomé and Príncipe 372
187  Federated States of Micronesia 329
188  Palau 321
189  Marshall Islands 199
190  Kiribati 186
191  Tuvalu 40
Rank Country GDP
(US$MM)
   World 75,543,543
1  United States 18,624,475
 European Union[n 1][23] 16,397,980
2  China[n 5] 11,199,145
3  Japan 4,940,158
4  Germany 3,477,796
6  United Kingdom 2,647,898
7  France 2,465,453
5  India 2,654,000
8  Italy 1,858,913
9  Brazil 1,796,186
10  Canada 1,529,760
11  South Korea 1,411,246
12  Russia[n 3] 1,283,162
13  Spain 1,237,255
14  Australia 1,204,616
15  Mexico 1,046,922
16  Indonesia 932,259
17  Turkey 863,711
18  Netherlands 777,227
19   Switzerland 668,851
20  Saudi Arabia 646,438
21  Argentina 545,866
22  Sweden 511,000
23  Poland 469,509
24  Belgium 466,366
25  Iran 425,326
26  Thailand 406,840
27  Nigeria 405,083
28  Austria 386,428
29  Venezuela 371,337
30  Norway 370,557
31  United Arab Emirates 348,743
32  Egypt 336,297
33  Hong Kong 320,912
34  Israel 318,744
35  Denmark 306,143
36  Philippines 304,905
37  Singapore 296,966
38  Malaysia 296,359
39  South Africa 294,841
40  Ireland 294,054
41  Pakistan 283,660
42  Colombia 282,463
43  Chile 247,028
44  Finland 236,785
45  Bangladesh 221,415
46  Portugal 204,565
47  Vietnam 202,616
48  Greece 194,559
49  Czech Republic 192,925
50  Peru 192,094
51  Romania 186,691
52  New Zealand 185,017
53  Iraq 171,489
54  Algeria 156,080
55  Qatar 152,469
56  Kazakhstan 133,657
57  Hungary 124,343
58  Kuwait 112,812
59  Puerto Rico 103,135
60  Morocco[n 6] 101,445
61  Ecuador 97,802
62  Sudan 95,584
63  Ukraine 93,270
64  Angola 89,633
65  Slovakia 89,552
66  Sri Lanka 81,322
67  Ethiopia 72,374
68  Dominican Republic 71,584
69  Kenya 70,529
70  Guatemala 68,763
71  Myanmar 67,430
72  Uzbekistan 67,220
73  Oman 66,293
74  Luxembourg 59,948
75  Costa Rica 57,436
76  Panama 55,188
77  Uruguay 52,420
78  Bulgaria 52,395
79  Croatia 50,425
80  Lebanon 47,537
81  Belarus 47,433
82  Tanzania[n 7] 47,431
83  Macau 44,803
84  Slovenia 43,991
85  Lithuania 42,739
86  Ghana 42,690
87  Tunisia 42,063
88  Jordan 38,655
89  Azerbaijan 37,848
90  Serbia 37,745
91  Turkmenistan 36,180
92 Cote d'Ivoire Côte d'Ivoire 36,165
93  Democratic Republic of the Congo 34,999
94  Bolivia 33,806
95  Bahrain 31,859
96  Libya 29,153
97  Latvia 27,677
98  Paraguay 27,441
99  Yemen 27,318
100  El Salvador 26,797
101  Uganda 25,528
102  Cameroon 24,204
103  Estonia 23,137
104  Honduras 21,517
105    Nepal 21,144
106  Trinidad and Tobago 20,989
107  Iceland 20,047
108  Cambodia 20,017
109  Cyprus[n 8] 19,802
110  Zambia 19,551
111  Afghanistan 19,469
112  Papua New Guinea 16,929
113  Bosnia and Herzegovina 16,560
114  Zimbabwe 16,289
115  Laos 15,903
116  Botswana 15,275
117  Senegal 14,765
118  Georgia[n 9] 14,333
119  Gabon 14,214
120  Mali 14,045
121  Jamaica 14,027
122  South Sudan 13,282
123  Nicaragua 13,231
124  Mauritius 12,164
125  Burkina Faso 12,115
126  Albania 11,927
127  Brunei 11,400
128  Mongolia 11,160
129  Mozambique 11,015
130  Malta 10,949
131  Macedonia 10,900
132  Armenia 10,547
133  Namibia 10,267
134  Equatorial Guinea 10,179
135  Madagascar 9,991
136  Chad 9,601
137  The Bahamas 9,047
138  Benin 8,583
139  Rwanda 8,376
140  Haiti 8,023
141  Republic of the Congo 7,834
142  Niger 7,509
143  Kosovo 7,047
144  Tajikistan 6,952
145  Moldova[n 10] 6,750
146  Kyrgyzstan 6,551
147  Guinea 6,299
148  Somalia 6,217
149  Bermuda 5,574
150  Liechtenstein 5,488
151  Malawi 5,442
152  Mauritania 4,635
153  Fiji 4,632
154  Barbados 4,588
155  Togo 4,400
156  Montenegro 4,173
157  Swaziland 3,727
158  Sierra Leone 3,669
159  Suriname 3,621
160  Maldives 3,591
161  Guyana 3,446
162  Andorra 3,249
163  Burundi 3,007
164  Faroe Islands 2,613
165  Greenland 2,441
166  Bhutan 2,237
167  Lesotho 2,200
168  Liberia 2,101
169  Belize 1,765
170  Central African Republic 1,756
171  Cape Verde 1,617
172  Djibouti 1,589
173  Antigua and Barbuda 1,449
174  Seychelles 1,427
175  Timor-Leste 1,417
176  Saint Lucia 1,379
177  Solomon Islands 1,202
178  Guinea-Bissau 1,126
179  Grenada 1,016
180  The Gambia 965
181  Saint Kitts and Nevis 917
182  Samoa 786
183  Vanuatu 774
184  Saint Vincent and the Grenadines 771
185  Comoros 617
186  Dominica 525
187  Tonga 395
188 Sao Tome and Principe São Tomé and Príncipe 351
189  Federated States of Micronesia 322
190  Palau 293
191  Marshall Islands 183
192  Kiribati 166
193  Nauru 102
194  Tuvalu 34
Rank Country GDP
(US$MM)
   World[24] 75,648,448
1  United States 18,624,475
 European Union[n 1][25] 16,332,631
2  China[n 5] 11,218,281
3  Japan 4,936,211
4  Germany 3,477,796
6  United Kingdom 2,647,898
7  France 2,465,453
5  India 2,654,000
8  Italy 1,858,913
9  Brazil 1,795,925
10  Canada 1,529,760
11  South Korea 1,411,245
12  Australia 1,304,463
13  Russia[n 3] 1,246,015
14  Spain 1,237,255
15  Mexico 1,076,914
16  Indonesia 932,259
17  Turkey 863,711
18  Netherlands 777,227
19   Switzerland 668,851
20  Saudi Arabia 639,617
21  Argentina 545,866
22  Sweden 514,475
23  Poland 471,402
24  Belgium 467,955
25  Iran 425,402
26  Thailand 407,026
27  Nigeria 404,649
28  Austria 390,799
29  Norway 371,068
30  United Arab Emirates 399,451
31  Colombia 377,740
32  South Africa 349,819
33  Denmark 346,119
34  Malaysia 326,933
35  Singapore 307,872
36  Israel 305,673
37  Venezuela 291,376
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 89,689
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. 24 October 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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