List of countries by GDP (nominal)

Largest economies in the world by GDP (nominal) in 2024
according to International Monetary Fund estimates[n 1][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]

Countries by estimated nominal GDP in 2024.[n 2]
  > $20 trillion
  $10–20 trillion
  $5–10 trillion
  $1–5 trillion
  $750 billion – $1 trillion
  $500–750 billion
  $250–500 billion
  $100–250 billion
  $50–100 billion
  $25–50 billion
  $5–25 billion
  < $5 billion

Comparisons of national wealth are also frequently made based on purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. Other metrics, nominal GDP per capita and a corresponding GDP (PPP) per capita are used for comparing national standard of living. On the whole, PPP per capita figures are less spread than nominal GDP per capita figures.[5]

The rankings of national economies over time have changed considerably; the United States surpassed the British Empire's output around 1916,[6] which in turn had surpassed the Qing dynasty in aggregate output decades earlier.[7][8] Since China's transition to a socialist market economy through controlled privatisation and deregulation,[9][10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.[8][1][11] Among others, India has also experienced an economic boom since the implementation of economic liberalisation in the early 1990s.[12]

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's definitive data for the past year and estimates for the current year are published twice a year in April and October. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo and Taiwan) are included in the list where they appear in the sources.

Table

The table initially ranks each IMF member including  sovereign states not part of the IMF, non-sovereign states and territories, and countries with limited recognition 

The links in the "Country/Territory" row of the following table link to the article on the GDP or the economy of the respective country or territory.

GDP (million US$) by country
Country/Territory IMF[1][13] World Bank[14] United Nations[15]
Forecast Year Estimate Year Estimate Year
 World 109,529,216 2024 100,879,560 2022 100,834,796 2022
  United States 28,781,083 2024 25,439,700 2022 25,744,100 2022
  China 18,532,633 [n 1]2024 17,963,171 [n 3]2022 17,963,170 [n 1]2022
  Germany 4,591,100 2024 4,082,469 2022 4,076,923 2022
  Japan 4,110,452 2024 4,256,410 2022 4,232,173 2022
  India 3,937,011 2024 3,416,645 2022 3,465,541 2022
  United Kingdom 3,495,261 2024 3,089,072 2022 3,089,072 2022
  France 3,130,014 2024 2,779,092 2022 2,775,316 2022
  Brazil 2,331,391 2024 1,920,095 2022 1,920,095 2022
  Italy 2,328,028 2024 2,049,737 2022 2,046,952 2022
  Canada 2,242,182 2024 2,161,483 2022 2,137,939 2022
  Russia 2,056,844 2024 2,240,422 2022 2,240,422 2022
  Mexico 2,017,025 2024 1,465,854 2022 1,463,323 2022
  Australia 1,790,348 2024 1,692,956 2022 1,776,577 2022
  South Korea 1,760,947 2024 1,673,916 2022 1,673,916 2022
  Spain 1,647,114 2024 1,417,800 2022 1,415,874 2022
  Indonesia 1,475,690 2024 1,319,100 2022 1,319,100 2022
  Netherlands 1,142,513 2024 1,009,398 2022 1,008,027 2022
  Turkey 1,113,561 2024 907,118 2022 907,118 2022
  Saudi Arabia 1,106,015 2024 1,108,571 2022 1,108,148 2022
  Switzerland 938,458 2024 818,426 2022 818,426 2022
  Poland 844,623 2024 688,125 2022 688,125 2022
  Taiwan 802,958 [n 4]2024
  Belgium 655,192 2024 583,435 2022 582,643 2022
  Sweden 623,048 2024 591,718 2022 591,188 2022
  Argentina 604,260 2024 631,133 2022 631,133 2022
  Ireland 564,020 2024 533,140 2022 532,415 2022
  Thailand 548,890 2024 495,423 2022 495,340 2022
  Austria 540,887 2024 470,941 2022 470,302 2022
  Israel 530,664 2024 525,002 2022 525,002 2022
  United Arab Emirates 527,796 2024 507,063 2022 507,063 2022
  Norway 526,951 2024 593,348 2022 579,422 2022
  Singapore 525,228 2024 466,788 2022 466,788 2022
  Philippines 471,516 2024 404,284 2022 404,284 2022
  Vietnam 465,814 2024 408,802 2022 408,802 2022
  Iran 464,181 2024 413,493 2022 398,047 2022
  Bangladesh 455,162 2024 460,201 2022 432,677 2022
  Malaysia 445,519 2024 407,027 2022 406,305 2022
  Denmark 409,989 2024 400,167 2022 400,167 2022
  Hong Kong 406,775 [n 5]2024 359,838 2022 359,838 2022
  Colombia 386,076 2024 343,622 2022 343,939 2022
  South Africa 373,233 2024 405,270 2022 405,270 2022
  Romania 369,971 2024 300,691 2022 300,690 2022
  Egypt 347,594 2024 476,747 2022 409,306 2022
  Pakistan 338,237 2023 374,697 2022 326,796 2022
  Chile 333,760 2024 301,024 2022 300,686 2022
  Czech Republic 325,880 2024 290,565 2022 290,527 2022
  Finland 308,055 2024 282,649 2022 282,511 2022
  Portugal 298,949 2024 255,196 2022 254,849 2022
  Kazakhstan 296,740 2024 225,496 2022 225,496 2022
  Peru 282,458 2024 242,631 2022 242,631 2022
  Algeria 266,780 2024 194,998 2022 191,912 2022
  Iraq 265,894 2024 264,182 2022 264,182 2022
  New Zealand 257,625 2024 248,101 2022 245,845 2022
  Nigeria 252,738 2024 472,624 2022 475,058 2022
  Greece 250,276 2024 217,581 2022 217,285 2022
  Qatar 244,686 2024 236,258 2022 237,101 2022
  Hungary 223,413 2024 177,337 2022 177,337 2022
  Ethiopia 205,130 2024 126,783 2022 118,971 2022
  Ukraine 188,943 [n 6]2024 160,502 [n 6]2022 160,502 [n 6]2022
  Kuwait 160,397 2024 175,363 2022 175,363 2022
  Morocco 152,377 2024 130,912 2022 130,912 [n 7]2022
  Cuba 147,193 2022
  Slovakia 140,808 2024 115,461 2022 115,304 2022
  Dominican Republic 127,356 2024 113,537 2022 113,537 2022
  Ecuador 121,592 2024 115,049 2022 115,049 2022
  Puerto Rico 117,763 2024 113,434 2022 113,434 2022
  Guatemala 110,035 2024 95,003 2022 95,003 2022
  Oman 108,927 2024 114,667 2022 114,666 2022
  Bulgaria 107,933 2024 90,346 2022 90,213 2022
  Kenya 104,001 2024 113,420 2022 113,419 2022
  Venezuela 102,328 2024 129,313 2022
  Uzbekistan 97,956 2024 80,391 2022 80,391 2022
  Costa Rica 96,058 2024 69,243 2022 68,380 2022
  Angola 92,123 2024 106,782 2022 113,304 2022
  Luxembourg 88,556 2024 81,641 2022 81,530 2022
  Croatia 88,076 2024 71,600 2022 71,552 2022
  Panama 87,347 2024 76,522 2022 76,522 2022
  Ivory Coast 86,911 2024 70,018 2022 70,018 2022
  Uruguay 82,605 2024 71,177 2022 71,171 2022
  Turkmenistan 81,896 2024 56,542 2022 67,009 2022
  Serbia 81,873 2024 63,563 2022 63,563 2022
  Lithuania 81,170 2024 70,974 2022 70,878 2022
  Tanzania 79,605 2024 75,732 2022 73,535 [n 8]2022
  Azerbaijan 78,749 2024 78,721 2022 78,721 2022
  Ghana 75,244 2024 73,766 2022 73,766 2022
  Sri Lanka 74,846 2022 74,403 2022 76,187 2022
  DR Congo 73,761 2024 64,718 2022 62,551 2022
  Slovenia 72,101 2024 60,063 2022 59,981 2022
  Belarus 69,048 2024 72,793 2022 72,873 2022
  Myanmar 68,006 2024 62,263 2022 65,211 2022
  Uganda 56,310 2024 45,567 2022 48,243 2022
  Tunisia 54,708 2024 46,303 2022 46,181 2022
  Macau 54,677 [n 9]2024 24,042 2022 24,042 2022
  Jordan 53,570 2024 48,653 2022 47,452 2022
  Cameroon 53,205 2024 43,644 2022 44,341 2022
  Bolivia 49,334 2024 44,008 2022 44,008 2022
  Libya 48,221 2024 45,752 2022 40,537 2022
  Bahrain 46,790 2024 44,383 2022 44,382 2022
  Paraguay 45,817 2024 41,722 2022 41,722 2022
  Latvia 45,466 2024 40,932 2022 40,876 2022
  Cambodia 45,150 2024 29,504 2022 29,504 2022
  Nepal 44,179 2024 40,828 2022 39,406 2022
  Estonia 43,486 2024 38,100 2022 38,049 2022
  Honduras 37,355 2024 31,717 2022 31,717 2022
  Senegal 35,450 2024 27,684 2022 27,775 2022
  El Salvador 35,333 2024 32,488 2022 32,488 2022
  Zimbabwe 34,405 2024 27,366 2022 26,418 2022
  Cyprus 34,221 [n 10]2024 29,250 [n 10]2022 29,210 [n 10]2022
  Iceland 33,338 2024 28,064 2022 28,064 2022
  Georgia 32,865 [n 11]2024 24,780 [n 11]2022 24,605 [n 11]2022
  Papua New Guinea 31,716 2024 31,603 2022 31,609 2022
  Zambia 29,872 2024 29,163 2022 29,136 2022
  Bosnia and Herzegovina 29,078 2024 24,473 2022 24,473 2022
  Trinidad and Tobago 28,365 2024 30,053 2022 30,053 2022
  Sudan 26,865 2024 51,662 2022 36,729 2022
  Guinea 25,447 2024 20,999 2022 20,846 2022
  Albania 25,431 2024 18,916 2022 18,916 2022
  Armenia 25,408 2024 19,513 2022 19,513 2022
  Haiti 24,046 2024 20,253 2022 18,751 2022
  Mozambique 22,975 2024 18,406 2022 18,406 2022
  Malta 22,737 2024 18,125 2022 18,100 2022
  Mongolia 21,943 2024 17,146 2022 17,146 2022
  Burkina Faso 21,902 2024 18,820 2022 19,176 2022
  Lebanon 21,780 2022 23,131 2021 39,303 2022
  Mali 21,662 2024 18,827 2022 18,827 2022
  Botswana 21,418 2024 20,355 2022 20,352 2022
  Benin 21,371 2024 17,396 2022 17,396 2022
  Guyana 21,178 2024 14,718 2022 14,718 2022
  Gabon 21,013 2024 21,071 2022 20,132 2022
  Jamaica 20,098 2024 17,097 2022 17,097 2022
  Nicaragua 18,829 2024 15,671 2022 15,671 2022
  Niger 18,816 2024 15,342 2022 15,414 2022
  Chad 18,697 2024 12,704 2022 16,799 2022
  Palestine 18,602 [n 12]2023 19,111 [n 12]2022 19,111 [n 13]2022
  Moldova 18,356 [n 14]2024 14,508 [n 14]2022 14,510 [n 14]2022
  Yemen 16,940 2024 11,007 2022
  Madagascar 16,465 2024 15,297 2022 14,954 2022
  Mauritius 16,359 2024 12,948 2022 12,898 2022
  North Macedonia 15,873 2024 13,563 2022 13,711 2022
  Brunei 15,510 2024 16,681 2022 16,681 2022
  Congo 15,501 2024 15,816 2022 15,344 2022
  Laos 15,190 2024 15,468 2022 15,362 2022
  North Korea 15,176 2022
  Afghanistan 14,467 2022 14,266 2021 14,174 2022
  Bahamas 14,390 2024 12,897 2022 12,897 2022
  Rwanda 13,701 2024 13,311 2022 13,312 2022
  Kyrgyzstan 13,599 2024 11,543 2022 10,930 2022
  Tajikistan 12,953 2024 10,492 2022 10,492 2022
  Somalia 12,804 2024 10,419 2022 10,420 2022
  Namibia 12,765 2024 12,914 2022 12,607 2022
  Kosovo 11,318 2024 9,409 2022 9,397 2022
  Malawi 11,241 2024 13,164 2022 12,558 2022
  Equatorial Guinea 10,708 2024 12,029 2022 11,767 2022
  Mauritania 10,628 2024 9,780 2022 10,997 2022
  Togo 9,832 2024 8,341 2022 8,087 2022
  New Caledonia 9,623 2022 9,623 2022
  Syria 8,969 2021 18,595 2022
  Monaco 8,784 2022 8,772 2022
  Montenegro 8,010 2024 6,229 2022 6,229 2022
  Liechtenstein 7,710 2021 7,757 2022
  Bermuda 7,546 2022 7,546 2022
  Maldives 7,199 2024 6,170 2022 6,170 2022
  Barbados 6,863 2024 5,699 2022 5,699 2022
  Cayman Islands 6,844 2022 6,281 2022
  South Sudan 6,517 2024 4,616 2022
  French Polynesia 5,814 2022 5,814 2022
  Fiji 5,801 2024 4,979 2022 4,979 2022
  Eswatini 5,085 2024 4,790 2022 4,326 2022
  Liberia 4,754 2024 4,001 2022 3,265 2022
  Sierra Leone 4,558 2024 4,094 2022 3,481 2022
  Djibouti 4,364 2024 3,515 2022 4,003 2022
  Suriname 4,337 2024 3,620 2022 3,620 2022
  Aruba 4,069 2024 3,544 2022 3,544 2022
  Andorra 3,897 2024 3,352 2022 3,376 2022
  Belize 3,296 2024 2,830 2022 2,830 2022
  Greenland 3,235 2021 2,926 2022
  Bhutan 3,110 2024 2,768 2021 2,898 2022
  Curaçao 3,075 2022 3,075 2022
  Burundi 3,075 2024 3,338 2022 4,032 2022
  Central African Republic 2,810 2024 2,382 2022 2,395 2022
  Cape Verde 2,718 2024 2,226 2022 2,314 2022
  Gambia 2,694 2024 2,187 2022 2,231 2022
  Saint Lucia 2,582 2024 2,343 2022 2,165 2022
  Lesotho 2,395 2024 2,236 2022 2,287 2022
  Eritrea 2,383 2022
  Zanzibar 2,361 2022
  Seychelles 2,203 2024 1,588 2022 1,994 2022
  Guinea-Bissau 2,151 2024 1,633 2022 1,574 2022
  Antigua and Barbuda 2,127 2024 1,867 2022 1,770 2022
  San Marino 2,033 2024 1,855 2021 1,780 2022
  East Timor 1,992 2024 3,204 2022 3,204 2022
  Solomon Islands 1,707 2024 1,597 2022 1,597 2022
  Sint Maarten 1,537 2022 1,572 2022
  British Virgin Islands 1,471 2022
  Comoros 1,422 2024 1,242 2022 1,246 2022
  Grenada 1,406 2024 1,215 2022 1,192 2022
  Vanuatu 1,289 2024 1,055 2022 985 2022
  Turks and Caicos Islands 1,138 2022 1,138 2022
  Saint Kitts and Nevis 1,134 2024 965 2022 979 2022
  Saint Vincent and the Grenadines 1,128 2024 948 2022 946 2022
  Samoa 1,024 2024 832 2022 857 2022
  São Tomé and Príncipe 751 2024 542 2022 546 2022
  Dominica 708 2024 607 2022 612 2022
  Tonga 581 2024 469 2021 488 2022
  Micronesia 484 2024 424 2022 427 2022
  Anguilla 452 2022
  Kiribati 311 2024 223 2022 223 2022
  Palau 308 2024 232 2021 225 2022
  Marshall Islands 305 2024 258 2022 279 2022
  Cook Islands 289 2022
  Nauru 161 2024 151 2022 147 2022
  Montserrat 72 2022
  Tuvalu 66 2024 59 2022 59 2022

See also

Countries:

Other entities:

Notes

  1. ^ a b c Figures for China exclude Taiwan, and the special administrative regions of Hong Kong and Macau.
  2. ^ Based on the best available GDP figure for each country at the time of creation (16 June 2024). Best available GDP figure was defined as the latest available figure from the International Monetary Fund (including forecasts for the current year), otherwise the latest available figure from the World Bank, otherwise the latest available figure from the United Nations Statistics Division; however, countries that didn't have any figure for a year more recent than 2019 were not included at all. For almost all countries, the latest IMF forecast figure for 2024 was used.
  3. ^ Figures exclude the special administrative regions of Hong Kong and Macau.
  4. ^ The name used in the IMF report is "Taiwan Province of China".
  5. ^ The name used in the IMF report is "Hong Kong SAR".
  6. ^ a b c Figures exclude the Autonomous Republic of Crimea and Sevastopol.
  7. ^ Includes Western Sahara
  8. ^ The UN figure excludes the autonomous region of Zanzibar.
  9. ^ The name used in the IMF report is "Macao SAR".
  10. ^ a b c Data are for the area controlled by the Government of the Republic of Cyprus.
  11. ^ a b c Excludes Abkhazia and South Ossetia
  12. ^ a b The name used in the IMF and World Bank reports is "West Bank and Gaza".
  13. ^ The name used by the UN is "State of Palestine".
  14. ^ a b c Excludes data for Transnistria

References

  1. ^ a b c "World Economic Outlook Database, April 2024". IMF.org. International Monetary Fund. 16 April 2024. Retrieved 16 April 2024.
  2. ^ "What is GDP and why is it so important?". Investopedia. IAC/InterActiveCorp. 26 February 2009. Archived from the original on 23 May 2016. Retrieved 23 May 2016.
  3. ^ Moffatt, Mike. "A Beginner's Guide to Purchasing Power Parity Theory". About.com. IAC/InterActiveCorp. Archived from the original on 1 March 2017. 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. Archived (PDF) from the original on 28 March 2016. Retrieved 23 May 2016.
  5. ^ Callen, Tim (28 March 2012). "Gross Domestic Product: An Economy's All". Finance & Development. International Monetary Fund. Archived from the original on 11 December 2021. Retrieved 31 May 2014.
  6. ^ Frum, David (24 December 2014). "The Real Story of How America Became an Economic Superpower". The Atlantic. Archived from the original on 16 February 2022. Retrieved 16 February 2022.
  7. ^ Matthews, Chris (5 October 2014). "5 Most Powerful Economic Empires of All Time". Fortune. Time, Inc. Archived from the original on 16 August 2016. Retrieved 23 May 2016.
  8. ^ a b Kroeber, Arthur R. (2016). China's Economy: What Everyone Needs to Know. New York, United States: Oxford University Press. ISBN 9780190239053. Archived from the original on 5 February 2021. Retrieved 28 May 2016.
  9. ^ Kau, Michael Ying-mao (30 September 1993). China in the Era of Deng Xiaoping: A Decade of Reform. Studies on Contemporary China. Taylor & Francis. ISBN 9781563242786. Archived from the original on 5 February 2021. Retrieved 23 May 2016.
  10. ^ Hu, Zuliu; Khan, Mohsin S. (April 1997). "Why Is China Growing So Fast?" (PDF). Economic Issues. International Monetary Fund. Archived (PDF) from the original on 16 April 2016. Retrieved 26 May 2016.
  11. ^ "China GDP growth slows as population crisis, Covid-19 cloud economic outlook". South China Morning Post. 18 January 2022. Archived from the original on 5 December 2022. Retrieved 12 August 2022.
  12. ^ 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. Archived (PDF) from the original on 27 March 2016. Retrieved 23 March 2016.
  13. ^ "WEO Database, April 2024. Report for Selected Countries and Subjects: World, European Union". IMF.org. International Monetary Fund. 16 April 2024. Retrieved 16 April 2024.
  14. ^ "GDP (current US$)". data.worldbank.org. Archived from the original on 13 June 2024. Retrieved 13 June 2024.
  15. ^ "United Nations Statistics Division - National Accounts". unstats.un.org. Archived from the original on 13 June 2024. Retrieved 13 June 2024.