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Trillion dollar club (macroeconomics)

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The Trillion dollar club is an unofficial classification of the world's major economies with a gross domestic product (nominal GDP) of more than US$1 trillion per year.[1][2] As of 2023, it included 19 countries and one U.S. state. This does not include purchasing power parity, which increases the GDP of many countries with an undervalued currency, which are usually poorer countries.

Since currency valuations can be subject to rapid change, a country could achieve the US$1 trillion nominal GDP mark one year and then produce less than that in total goods and services the following year(s). The 2010 data used here are compiled according to the International Monetary Fund (IMF) values. As for the former Soviet Union, the last statistics about its economy stated that it had an over US$2.5 trillion economy in the 1990 fiscal year, before its collapse.

US$1 trillion – US$10 trillion

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US$1 trillion economy

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Year Country Source
1969   United States [3]
1972   European Union [3]
1979   Japan [3]
1987   West Germany [3]
1988   France [3]
1989   United Kingdom [3]
1990   Italy [3]
1997   California [3]
1998   China [3]
2004   Spain [3]
2004   Canada [3]
2006   Brazil [3]
2006   South Korea [3]
2007   India [3]
2007   Mexico [3]
2007   Russia [3]
2008   Australia [3]
2017   Indonesia [3]
2021   Netherlands [4]
2022   Saudi Arabia [5]
2023   Turkey [6]

US$2 trillion economy

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Year Country Source
1977   European Union [3]
1977   United States [3]
1986   Japan [3]
1992   Germany [3]
2003   United Kingdom [3]
2004   France [3]
2005   China [3]
2007   Italy [3]
2010   Brazil [3]
2011   Russia [3]
2014   India [3]
2015   California [3]
2021   Canada [3]
2024   Mexico [3]

US$3 trillion economy

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Year Country Source
1979   European Union [3]
1981   United States [3]
1988   Japan [3]
2007   Germany [3]
2007   China [3]
2007   United Kingdom [4]
2020   California [3]
2021   India [4]
2023   France [7]

US$4 trillion economy

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Year Country Source
1984   United States [3]
1986   European Union [3]
1993   Japan [3]
2008   China [3]
2018   Germany [3]
2024   California [3]

US$5 trillion economy

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Year Country Source
1987   European Union [3]
1988   United States [3]
1995   Japan [3]
2009   China [3]

US$6 trillion economy

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Year Country Source
1989   European Union [3]
1992   United States [3]
2010   China [3]
2011   Japan [3]

US$7 trillion economy

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Year Country Source
1990   European Union [3]
1994   United States [3]
2011   China [3]

US$8 trillion economy

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Year Country Source
1992   European Union [3]
1996   United States [3]
2012   China [3]

US$9 trillion economy

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Year Country Source
1995   European Union [3]
1998   United States [3]
2013   China [3]

US$10 trillion economy

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Year Country Source
2000   United States [3]
2004   European Union [3]
2014   China [3]

US$10 trillion – US$20 trillion

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US$11 trillion economy

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Year Country Source
2003   United States [3]
2004   European Union [3]
2015   China [3]

US$12 trillion economy

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Year Country Source
2004   European Union [3]
2004   United States [3]
2017   China [3]

US$13 trillion economy

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Year Country Source
2004   European Union [3]
2005   United States [3]
2018   China [3]

US$14 trillion economy

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Year Country Source
2005   European Union [3]
2007   United States [3]
2019   China [3]

US$15 trillion economy

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Year Country Source
2006   European Union [3]
2011   United States [3]
2021   China [4]

US$16 trillion economy

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Year Country Source
2007   European Union [3]
2012   United States [3]
2021   China [4]

US$17 trillion economy

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Year Country Source
2007   European Union [3]
2014   United States [3]
2021   China [3]

US$18 trillion economy

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Year Country Source
2008   European Union [3]
2015   United States [3]
2023   China [4]

US$19 trillion economy

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Year Country Source
2008   European Union [3]
2018   United States [3]
2023   China [4]

US$20 trillion economy

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Year Country Source
2018   United States [3]

US$21 trillion – US$30 trillion

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US$21 trillion economy

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Year Country Source
2019   United States [3]

US$22 trillion economy

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Year Country Source
2021   United States [3]

US$23 trillion economy

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Year Country Source
2023   United States [8]

US$24 trillion economy

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Year Country Source
2023   United States [9]

US$25 trillion economy

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Year Country Source
2023   United States [10]

See also

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References

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  1. ^ Welcome to the Trillion Dollar Club - Forbes.com 26 April 2007
  2. ^ Indian joins the Trillion Dollar Club - The Hindu 27 April 2007
  3. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bp bq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch ci cj ck cl "World Bank". Data.worldbank.org. Retrieved 6 May 2019.
  4. ^ a b c d e f g "Report for Selected Countries and Subjects". IMF.org. Retrieved 3 March 2022.
  5. ^ "Saudi GDP Exceeds $1 Tln, Shows Kingdom's Economy Is on Right Track".
  6. ^ "April 2023".
  7. ^ "GDP from 2020 through 2024, April 2021 estimate | World Economic Outlook Database".
  8. ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.
  9. ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.
  10. ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.

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