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List Of Countries By Gdp -nominal

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. 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. 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.

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Explanation

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Largest economies by nominal GDP in 2018[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][17] India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s.[18] 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,[19] to 2014, after which it was surpassed by the United States.[20]

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 (2018)[17] Per the World Bank (2017)[21] Per the United Nations (2017)[22][23]
RankCountryGDP
(US$million)
  World[20]84,835,462
1 United States20,513,000
2 China[n 1]13,457,267
3 Japan5,070,626
4 Germany4,029,140
5 United Kingdom2,808,899
6 France2,794,696
7 India2,689,992
8 Italy2,086,911
9 Brazil1,909,386
10 Canada1,733,706
11 South Korea1,655,608
12 Russia[n 2]1,576,488
13 Spain1,437,047
14 Australia1,427,767
15 Mexico1,199,264
16 Indonesia1,005,268
17 Netherlands909,887
18 Saudi Arabia769,878
19 Turkey713,513
20  Switzerland709,118
21 Taiwan602,678
22 Sweden554,659
23 Poland549,478
24 Belgium536,055
25 Thailand490,120
26 Argentina475,429
27 Austria459,401
28 Norway441,439
29 United Arab Emirates432,612
30 Iran430,082
31 Nigeria397,472
32 South Africa376,679
33 Ireland366,448
34 Israel365,599
35 Hong Kong360,315
36 Denmark354,683
37 Malaysia347,290
38 Singapore346,621
39 Colombia336,940
40 Philippines331,678
41 Pakistan306,987
42 Chile299,887
43 Bangladesh286,275
44 Finland276,553
45 Egypt249,471
46 Czech Republic244,540
47 Vietnam241,434
48 Romania239,440
49 Portugal237,962
50 Iraq230,911
51 Peru228,944
52 Greece218,057
53 New Zealand205,997
54 Algeria188,342
55 Qatar188,295
56 Kazakhstan184,209
57 Hungary156,393
58 Kuwait144,523
59 Ukraine126,390
60 Morocco118,178
61 Angola114,504
62 Ecuador107,266
63 Slovakia106,940
64 Puerto Rico104,557
65 Venezuela96,328
66 Sri Lanka92,504
67 Kenya89,591
68 Ethiopia83,836
69 Oman81,682
70 Dominican Republic81,103
71 Guatemala79,109
 Syria[n 3]77,460/Na
72 Myanmar71,543
73 Luxembourg68,993
74 Panama66,031
75 Bulgaria63,651
76 Uruguay60,933
77 Costa Rica60,816
78 Croatia59,971
79 Belarus56,934
80 Lebanon56,709
81 Tanzania55,645
82 Slovenia54,969
83 Macau53,961
84 Lithuania52,468
85 Ghana51,815
86 Serbia47,564
87 Côte d'Ivoire45,875
88 Azerbaijan45,592
89 Uzbekistan43,303
90 Libya43,236
91 Democratic Republic of the Congo42,692
92 Turkmenistan42,764
93 Jordan41,869
94 Paraguay41,851
95 Bolivia41,833
96 Tunisia41,662
97 Bahrain39,300
98 Cameroon38,445
99 Latvia34,286
100 Sudan33,249
101 Estonia29,527
102   Nepal28,813
103 Yemen28,524
104 Uganda27,855
105 Iceland26,684
106 El Salvador25,833
107 Zambia25,778
108 Senegal24,240
109 Cambodia24,141
110 Cyprus23,963
111 Honduras23,835
112 Trinidad and Tobago23,284
113 Papua New Guinea20,767
114 Afghanistan20,367
115 Bosnia and Herzegovina19,984
116 Zimbabwe19,367
117 Botswana19,070
118 Laos18,230
119 Mali17,407
120 Gabon17,212
121 Georgia16,716
122 Jamaica15,424
123 Albania15,121
124 Brunei14,695
125 Mozambique14,601
126 Burkina Faso14,284
127 Malta14,270
128 Namibia14,148
129 Mauritius14,033
130 Nicaragua13,380
131 Equatorial Guinea13,225
132 Bahamas12,928
133 Mongolia12,724
134 Armenia12,533
135 Madagascar12,499
136 Macedonia12,374
137 Guinea11,503
138 Republic of Congo11,460
139 Moldova11,436
140 Chad11,112
141 Benin10,546
142 Haiti9,717
143 Rwanda9,709
144 Niger9,458
145 Kyrgyzstan8,013
146 Kosovo7,839
147 Tajikistan7,350
148 Malawi6,885
149 Eritrea6,722
150 Montenegro5,389
151 Togo5,347
152 Fiji5,223
153 Mauritania5,200
154 Barbados5,172
155 Maldives4,809
156 Eswatini4,756
157 South Sudan3,980
158 Suriname3,840
159 Sierra Leone3,754
160 Guyana3,636
161 Burundi3,436
162 Liberia3,218
163 Timor-Leste3,155
164 Lesotho2,981
165 Bhutan2,624
166 Central African Republic2,307
167 Djibouti2,187
168 Cape Verde1,972
169 Belize1,912
170 St. Lucia1,774
171 San Marino1,769
172 Antigua and Barbuda1,612
173 The Gambia1,605
174 Seychelles1,564
175 Guinea-Bissau1,480
176 Solomon Islands1,424
177 Grenada1,192
178 St. Kitts and Nevis1,005
179 Vanuatu957
180 Samoa878
181 St. Vincent and the Grenadines828
182 Comoros745
183 Dominica485
184 Tonga468
185 São Tomé and Príncipe450
186 Federated States of Micronesia335
187 Palau300
188 Marshall Islands230
189 Kiribati205
190 Tuvalu45
RankCountryGDP
(US$million)
  World80,683,787
1 United States19,390,604
2 China[n 4]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 South Korea1,577,524
12 Russia[n 2]1,530,751
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
- 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 5]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 6]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 7]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 8]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 Brunei12,128
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 9]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$million)
  World[24]80,501,413
1 United States19,485,394
2 China[n 4]12,234,781
3 Japan4,872,415
4 Germany3,693,204
5 United Kingdom2,631,228
6 France2,582,492
7 India2,575,666
8 Brazil2,055,512
9 Italy1,943,835
10 Canada1,647,120
11 South Korea1,577,524
12 Russia[n 2]1,530,750
13 Australia1,408,675
14 Spain1,314,314
15 Mexico1,158,229
16 Indonesia1,015,539
17 Turkey851,541
18 Netherlands830,572
19 Saudi Arabia683,827
20  Switzerland678,938
21 Argentina637,486
22 Sweden535,607
23 Poland526,211
24 Belgium494,763
25 Iran460,976
26 Thailand455,302
27 Austria416,835
28 Norway399,470
29 United Arab Emirates382,575
30 Nigeria375,769
31 Israel353,268
32 South Africa348,872
33 Hong Kong341,659
34 Ireland331,430
35 Denmark329,865
36 Singapore323,901
37 Malaysia314,707
38 Philippines313,595
39 Colombia309,191
40 Pakistan302,139
41 Chile277,080
42 Venezuela255,092
43 Finland252,246
44 Bangladesh245,633
45 Vietnam223,779
46 Czech Republic215,824
47 Romania211,803
48 Peru211,402
49 Greece203,085
50 New Zealand202,044
51 Egypt195,135
52 Portugal195,041
53 Iraq182,023
54 Qatar167,605
55 Algeria167,555
56 Kazakhstan159,406
57 Hungary139,761
58 Angola126,505
59 Sudan120,265
60 Kuwait119,534
61 Ukraine112,154
62 Morocco109,708
63 Ecuador104,295
64 Puerto Rico104,218
65 Cuba96,851
66 Slovakia95,617
67 Sri Lanka87,356
68 Dominican Republic75,931
69 Guatemala75,619
70 Ethiopia75,605
71 Kenya74,938
72 Oman70,783
73 Myanmar67,101
74 Luxembourg62,316
75 Panama61,838
76 Uruguay59,180
77 Ghana58,996
78 Bulgaria58,222
79 Costa Rica57,564
80 Croatia55,201
81 Belarus54,441
82 Lebanon53,393
83 Tanzania52,090
84 Macau50,361
85 Uzbekistan49,677
86 Slovenia48,455
87 Lithuania47,544
88 Serbia41,589
89 Azerbaijan40,748
90 Jordan40,708
91 Tunisia40,068
92 Côte d'Ivoire38,054
93 Turkmenistan37,915
94 Democratic Republic of the Congo37,642
95 Bolivia37,508
96 Bahrain35,325
97 Cameroon34,924
98 Latvia30,463
99 Paraguay29,435
100 Yemen27,956
101 Uganda27,698
102 Estonia25,921
103 Zambia25,868
104 Libya25,127
105   Nepal24,870
106 El Salvador24,805
107 Iceland24,476
108 Honduras22,978
109 Cambodia22,121
110 Trinidad and Tobago22,104
111 Cyprus22,054
112 Papua New Guinea22,005
113 Afghanistan21,992
114 Senegal21,126
115 Bosnia and Herzegovina18,169
116 Zimbabwe18,036
117 Botswana17,406
118 North Korea17,364
119 Laos16,853
120 Mali15,235
121 Georgia15,159
122 State of Palestine14,498
123 Gabon14,623
124 Mozambique12,651
125 Equatorial Guinea12,487
126 Brunei12,128
127 Congo, Republic of the11,292
128 Jamaica14,826
129 Nicaragua13,814
130 Mauritius13,366
131 Namibia13,244
132 Albania13,039
133 Malta12,553
134 Burkina Faso12,324
135 The Bahamas11,791
136 Armenia11,536
137 Macedonia11,279
138 Mongolia11,135
139 Chad10,716
140 Madagascar10,674
141 Guinea10,208
142 New Caledonia9,894
143 Benin9,236
144 Rwanda9,136
145 Haiti8,521
146 Moldova8,128
147 Niger8,119
148 Kyrgyzstan7,564
149 Kosovo7,227
150 Tajikistan7,145
151 Monaco6,400
152 Malawi6,339
153 Liechtenstein6,295
154 South Sudan5,693
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 Bhutan2,562
175 Greenland2,441
176 Liberia2,122
177 Lesotho2,081
178 Central African Republic1,992
179 Belize1,902
180 Cape Verde1,855
181 Djibouti1,844
182 Saint Lucia1,718
183 San Marino1,689
184 Somalia1,535
185 Seychelles1,486
186 Zanzibar1,391
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. Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
  2. 1 2 3 Figures exclude Republic of Crimea and Sevastopol.
  3. Data for Syria's 2014 GDP is from the September 2011 WEO Database, the latest available from the IMF.
  4. 1 2 Figures exclude special administrative regions of Hong Kong and Macau.
  5. Includes Western Sahara.
  6. Covers mainland Tanzania only.
  7. Data are for the area controlled by the Government of the Republic of Cyprus.
  8. Excludes Abkhazia and South Ossetia.
  9. Excludes data for Transnistria.

References

  1. https://www.imf.org/external/pubs/ft/weo/2018/02/weodata/weorept.aspx?pr.x=104&pr.y=16&sy=2018&ey=2018&scsm=1&ssd=1&sort=country&ds=.&br=1&c=924%2C132%2C134%2C534%2C158%2C112%2C111&s=NGDPD&grp=0&a=
  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. 1 2 "World Economic Outlook Database". International Monetary Fund. 1 October 2018.
  18. 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.
  19. "The economics of enlargement". Europa. European Commission. 30 October 2010. Retrieved 26 May 2016.
  20. 1 2 "Report for Selected Country Groups and Subjects". World Economic Outlook. International Monetary Fund. October 2018.
  21. "GDP (current US$)". World Development Indicators. World Bank. Retrieved 3 July 2018.
  22. "GDP and its breakdown at current prices in US Dollars". United Nations Statistics Division. Jan 2019.
  23. "United Nations Statistics Division - National Accounts". unstats.un.org.
  24. "All countries and regions/subregions (totals) for all years - sorted by region/subregion". United Nations. United Nations. Retrieved Jan 28, 2019.
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