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.[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]

Largest economies by nominal GDP in 2020[1]

Countries by nominal GDP in 2019[n 1]

>$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 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, does not take into account the differences of quality of goods and services among countries, 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 $20.513 trillion, notably due to high average incomes, a large population,[7] capital investment, low 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 $45 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 controlled 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 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. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, the State of Palestine and Taiwan) are included in the list in cases in which they appear in the sources. Non-sovereign entities are marked in italics.

Lists

Per the International Monetary Fund (2020 estimates)[1]	Per the World Bank (2019)[20]	Per the United Nations (2019)[21]
Rank Country/Territory GDP (US$million)    World[19] 83,844,988 1  United States 20,807,269 2  China[n 2][n 3] 14,860,775 3  Japan 4,910,580 4  Germany 3,780,553 5  United Kingdom 2,638,296 6  India 2,592,583 7  France 2,551,451 8  Italy 1,848,222 9  Canada 1,600,264 10  South Korea 1,586,786 11  Russia[n 4] 1,464,078 12  Brazil 1,363,767 13  Australia 1,334,688 14  Spain 1,247,464 15  Indonesia 1,088,768 16  Mexico 1,040,372 17  Netherlands 886,339 18   Switzerland 707,868 19  Saudi Arabia 680,897 20  Turkey 649,436 21  Taiwan[n 5] 635,547 22  Iran 610,662 23  Poland 580,894 24  Sweden 529,054 25  Thailand 509,200 26  Belgium 503,416 27  Nigeria 442,976 28  Austria 432,894 29  Ireland 399,064 30  Israel 383,425 31  Argentina 382,760 32  Philippines 367,362 33  Norway 366,386 34  Egypt 361,875 35  United Arab Emirates 353,899 36  Hong Kong (China)[n 6] 341,319 37  Vietnam 340,602 38  Denmark 339,626 39  Singapore 337,451 40  Malaysia 336,330 41  Bangladesh 317,768 42  South Africa 282,588 43  Finland 267,856 44  Colombia 264,933 45  Pakistan 262,800 46  Romania 248,624 47  Chile 245,414 48  Czech Republic 241,975 49  Portugal 221,716 50  Peru 195,761 51  Greece 194,376 52  New Zealand 193,545 53  Iraq 178,112 54  Kazakhstan 165,730 55  Hungary 149,939 56  Qatar 147,791 57  Algeria 147,323 58  Ukraine 142,250 59  Morocco 112,220 60  Kuwait 108,656 61  Slovakia 101,892 62  Kenya 101,048 63  Ethiopia 95,588 64  Puerto Rico (United States) 93,968 65  Ecuador 93,078 66  Sri Lanka 81,120 67  Dominican Republic 77,883 68  Guatemala 76,191 69  Myanmar 70,890 70  Luxembourg 68,613 71  Bulgaria 67,917 72  Ghana 67,337 73  Tanzania 64,123 74  Angola 62,724 75  Oman 62,305 76  Côte d'Ivoire 61,502 77  Panama 60,286 78  Uzbekistan 59,771 79  Costa Rica 59,645 80  Belarus 57,708 81  Croatia 56,768 82  Lithuania 55,064 83  Uruguay 54,135 84  Serbia 51,999 85  Slovenia 51,802 86  Venezuela 48,610 87  Turkmenistan 47,986 88  Congo, Democratic Republic of the 46,062 89  Jordan 42,609 90  Azerbaijan 41,666 91  Tunisia 39,226 92  Cameroon 39,036 93  Bolivia 38,938 94  Uganda 37,733 95  Paraguay 35,606 96  Bahrain 34,624 97  Latvia 33,015 98  Sudan 32,576 99    Nepal 32,158 100  Estonia 30,468 101  Cambodia 26,316 102  Macau (China)[n 7] 26,348 103  El Salvador 24,784 104  Senegal 24,409 105  Honduras 23,984 106  Papua New Guinea 23,283 107  Cyprus 23,246 108  Trinidad and Tobago 22,718 109  Libya 21,805 110  Yemen 20,948 111  Iceland 20,805 112  Afghanistan 19,006 113  Zambia 18,909 114  Bosnia and Herzegovina 18,893 115  Lebanon 18,734 116  Laos 18,653 117  Mali 17,685 118  Georgia 16,316 119  Burkina Faso 16,082 120  Botswana 15,872 121  Benin 15,292 122  Gabon 15,145 123  Palestine[n 8] 14,750 124  Mozambique 14,557 125  Malta 14,290 126  Guinea 14,238 127  Jamaica 14,228 128  Madagascar 14,199 129  Albania 14,034 130  Zimbabwe 14,002 131  Mongolia 13,385 132  Niger 12,971 133  Armenia 12,813 134  North Macedonia 12,510 135  Nicaragua 11,905 136  The Bahamas 11,560 137  Mauritius 11,341 138  Moldova 11,241 139  Brunei 10,647 140  Chad 10,510 141  Rwanda 10,428 142  Namibia 10,252 143  Equatorial Guinea 10,028 144  Congo, Republic of the 9,964 145  Haiti 8,347 146  Malawi 8,330 147  Tajikistan 7,898 148  Kosovo 7,484 149  Kyrgyzstan 7,480 150  Mauritania 7,428 151  Guyana 6,806 152  Togo 5,719 153  Montenegro 4,943 154  Somalia 4,918 155  Maldives 4,712 156  Barbados 4,630 157  South Sudan 4,177 158  Sierra Leone 4,140 159  Fiji 3,932 160  Eswatini 3,848 161  Djibouti 3,408 162  Burundi 3,131 163  Liberia 3,068 164  Bhutan 2,587 165  Suriname 2,538 166  Central African Republic 2,321 167  Aruba (Netherlands) 2,288 168  Eritrea 2,075 169  Timor-Leste 1,920 170  Lesotho 1,906 171  Cabo Verde 1,870 172  The Gambia 1,806 173  Saint Lucia 1,770 174  Belize 1,556 175  Solomon Islands 1,551 176  San Marino 1,410 177  Guinea-Bissau 1,392 178  Antigua and Barbuda 1,389 179  Comoros 1,200 180  Seychelles 1,198 181  Grenada 1,074 182  Saint Kitts and Nevis 871 183  Vanuatu 864 184  Samoa 829 185  Saint Vincent and the Grenadines 777 186  Dominica 545 187  Tonga 503 188  São Tomé and Príncipe 417 189  Micronesia, Federated States of 395 190  Palau 251 191  Marshall Islands 225 192  Kiribati 194 193  Nauru 114 194  Tuvalu 45 —  Syria N/A	Rank Country/Territory GDP (US$million)    World 87,751,541 1  United States 21,427,700 2  China[n 9] 14,342,903 3  Japan 5,081,770 4  Germany 3,845,630 5  India 2,875,142 6  United Kingdom 2,827,113 7  France 2,715,518 8  Italy 2,001,244 9  Brazil 1,839,758 10  Canada 1,736,426 11  Russia[n 4] 1,699,877 12  South Korea 1,642,383 13  Spain 1,394,116 14  Australia 1,392,681 15  Mexico 1,258,287 16  Indonesia 1,119,191 17  Netherlands 909,070 18  Saudi Arabia 792,967 19  Turkey 754,412 20   Switzerland 703,082 21  Poland 592,164 22  Taiwan (2017) 574,905 23  Thailand 543,650 24  Sweden 530,833 25  Belgium 529,607 26  Argentina 449,663 27  Nigeria 448,120 28  Austria 446,315 29  Iran (2017) 445,345 30  United Arab Emirates 421,142 31  Norway 403,336 32  Israel 395,099 33  Ireland 388,699 34  Philippines 376,796 35  Singapore 372,063 36  Hong Kong (China) 366,030 37  Malaysia 364,702 38  South Africa 351,432 39  Denmark 348,078 40  Colombia 323,803 41  Egypt 303,175 42  Bangladesh 302,571 43  Chile 282,318 44  Pakistan 278,222 45  Finland 268,761 46  Vietnam 261,921 47  Romania 250,077 48  Czech Republic 246,489 49  Portugal 237,686 50  Iraq 234,094 51  Peru 226,848 52  Greece 209,853 53  New Zealand 206,929 54  Qatar 183,466 55  Kazakhstan 180,162 56  Algeria 169,988 57  Hungary 160,967 58  Ukraine 153,781 59  Kuwait 134,761 60  Morocco[n 10] 118,725 61  Ecuador 107,436 62  Slovak Republic 105,422 63  Puerto Rico (United States) 104,989 64  Cuba (2018) 100,023 65  Ethiopia 96,108 66  Kenya 95,503 67  Angola 94,635 68  Dominican Republic 88,941 69  Sri Lanka 84,009 70  Oman 76,983 71  Guatemala 76,710 72  Myanmar 76,086 73  Luxembourg 71,105 74  Bulgaria 67,927 75  Ghana 66,984 76  Panama 66,801 77  Tanzania[n 11] 63,177 78  Belarus 63,080 79  Costa Rica 61,774 80  Croatia 60,416 81  Cote d'Ivoire 58,792 82  Uzbekistan 57,921 83  Uruguay 56,046 84  Lithuania 54,219 85  Macau (China) 53,859 86  Slovenia 53,742 87  Lebanon 53,367 88  Libya 52,076 89  Serbia 51,409 90  Azerbaijan 48,048 91  Congo, Democratic Republic of the 47,320 92  Jordan 43,744 93  Bolivia 40,895 94  Turkmenistan (2018) 40,761 95  Tunisia 38,798 96  Cameroon 38,760 97  Bahrain 38,574 98  Paraguay 38,145 99  Uganda 34,387 100  Latvia 34,117 101  Estonia 31,387 102    Nepal 30,641 103  Cambodia 27,089 104  El Salvador 27,023 105  Honduras 25,095 106  Papua New Guinea 24,970 107  Cyprus[n 12] 24,565 108  Iceland 24,188 109  Trinidad and Tobago 24,100 110  Senegal 23,578 111  Zambia 23,065 112  Zimbabwe 21,441 113  Bosnia and Herzegovina 20,048 114  Afghanistan 19,101 115  Sudan 18,902 116  Botswana 18,341 117  Laos 18,174 118  Georgia[n 13] 17,743 119  Mali 17,510 120  Gabon 16,658 121  Jamaica 16,458 122  Burkina Faso 15,746 123  Albania 15,278 124  Mozambique 14,934 125  Malta 14,786 126  Palestine (2018)[n 8] 14,616 127  Benin 14,391 128  Mauritius 14,180 129  Madagascar 14,084 130  Mongolia 13,853 131  Armenia 13,673 132  Guinea 13,590 133  Brunei 13,469 134  Niger 12,928 135  Bahamas, The 12,827 136  North Macedonia 12,695 137  Nicaragua 12,521 138  Namibia 12,367 139  Moldova[n 14] 11,955 140  Chad 11,315 141  Equatorial Guinea 11,027 142  Congo, Republic of the 10,821 143  Rwanda 10,122 145  Haiti 8,499 146  Kyrgyzstan 8,455 147  Tajikistan 8,117 148  Kosovo 7,926 149  Malawi 7,667 150  Mauritania 7,594 151  Maldives 5,729 152  Fiji 5,536 153  Montenegro 5,495 154  Togo 5,460 155  Barbados 5,209 156  Eswatini 4,405 157  Guyana 4,280 158  Suriname 3,985 159  Sierra Leone 3,941 160  Djibouti 3,319 161  Andorra 3,154 162  Liberia 3,071 163  Burundi 3,012 164  Lesotho 2,460 165  Bhutan (2018) 2,447 166  Central African Republic 2,220 167  Saint Lucia 2,122 168  Cabo Verde 1,982 169  Belize 1,880 170  Gambia, The 1,764 172  Antigua and Barbuda 1,728 173  Seychelles 1,699 174  Timor-Leste 1,674 175  San Marino (2018) 1,638 176  Solomon Islands 1,425 177  Guinea-Bissau 1,340 178  Grenada 1,228 179  Comoros 1,186 180  Saint Kitts and Nevis 1,051 181  Vanuatu 917 182  Samoa 851 183  Saint Vincent and the Grenadines 825 184  Dominica 596 185  Tonga (2018) 450 186  Sao Tome and Principe 429 187  Micronesia, Federated States of (2018) 402 188  Palau (2018) 284 189  Marshall Islands (2018) 221 190  Kiribati 195 191  Nauru 118 192  Tuvalu 47	Rank Country/Territory GDP (US$million)    World[22] 87,445,260 1  United States 21,433,226 2  China[n 9] 14,342,933 3  Japan 5,082,465 4  Germany 3,861,123 5  India 2,891,582 6  United Kingdom 2,826,441 7  France 2,715,518 8  Italy 2,003,576 9  Brazil 1,847,795 10  Canada 1,741,496 11  Russia[n 4] 1,692,930 12  South Korea 1,646,539 13  Spain 1,393,490 14  Australia 1,380,207 15  Mexico 1,256,440 16  Indonesia 1,119,190 17  Netherlands 907,050 18  Saudi Arabia 792,966 19  Turkey 761,425 20   Switzerland 731,425 21  Iran 603,779 22  Poland 595,862 23  Thailand 542,016 24  Belgium 533,097 25  Sweden 530,883 26  Nigeria 474,516 27  Argentina 449,663 28  Austria 445,075 29  United Arab Emirates 421,142 30  Norway 403,336 31  Ireland 398,590 32  Israel 395,098 33  Singapore 372,073 34  Hong Kong (China) 365,710 35  Malaysia 364,684 36  Philippines 359,354 37  South Africa 351,430 38  Denmark 350,104 39  Colombia 323,802 40  Egypt 317,359 41  Bangladesh 301,051 42  Chile 282,318 43  Finland 269,296 44  Vietnam 261,921 45  Pakistan 256,996 46  Czech Republic 250,680 47  Romania 250,075 48  Portugal 238,785 49  Peru 226,850 50  Iraq 225,232 51  New Zealand 206,936 52  Greece 205,326 53  Qatar 183,466 54  Kazakhstan 181,667 55  Algeria 171,157 56  Hungary 163,469 57  Ukraine 153,781 58  Venezuela 134,960 59  Kuwait 134,623 60  Morocco 119,700 61  Ecuador 107,435 62  Cuba 105,354 63  Slovakia 105,079 64  Puerto Rico (United States) 104,988 65  Kenya 95,501 66  Ethiopia 92,750 67  Dominican Republic 88,941 68  Angola 85,000 69  Sri Lanka 84,008 70  Myanmar 76,784 71  Guatemala 76,710 72  Oman 76,331 73  Luxembourg 71,104 74  Bulgaria 67,925 75  Ghana 66,999 76  Panama 66,787 77  Belarus 63,080 78  Costa Rica 61,773 79  Tanzania 61,136 80  Croatia 60,415 81  Côte d'Ivoire 58,539 82  Lebanon 56,409 83  Uruguay 56,045 84  Uzbekistan 57,921 85  Lithuania 54,627 86  Slovenia 54,174 87  Macau (China) 53,859 88  Serbia 51,475 89  Turkmenistan 48,276 90  Azerbaijan 48,047 91  Congo, Democratic Republic of the 47,319 92  Jordan 44,502 93  Bolivia 40,895 94  Cameroon 38,861 95  Tunisia 38,797 96  Bahrain 38,574 97  Paraguay 38,086 98  Sudan 34,895 99  Latvia 34,102 100  Uganda 32,609 101  Libya 32,600 102  Estonia 31,471 103    Nepal 30,714 104  Cambodia 27,097 105  El Salvador 27,022 106  Honduras 25,095 107  Papua New Guinea 24,969 108  Yemen 24,935 109  Cyprus 24,565 110  Iceland 24,188 111  Senegal 23,664 112  Trinidad and Tobago 23,208 113  Zambia 23,085 114  Zimbabwe 21,440 115  Syria 20,379 116  Bosnia and Herzegovina 20,164 117  Laos 18,822 118  Botswana 18,340 119  Afghanistan 17,876 120  Georgia 17,742 121  Mali 17,432 122  Palestine 17,058 123  Gabon 16,887 124  Korea, North 16,331 125  Burkina Faso 15,990 126  Jamaica 15,830 127  Mozambique 15,296 128  Albania 15,278 129  Malta 14,863 130  Benin 14,403 131  Mauritius 14,180 132  Madagascar 14,104 133  Mongolia 13,852 134  Armenia 13,672 135  Bahamas, The 13,578 136  Brunei 13,469 137  Niger 12,927 138  North Macedonia 12,694 139  Nicaragua 12,520 140  Congo, Republic of the 12,397 141  Namibia 12,366 142  Guinea 12,354 143  Moldova 11,955 144  Chad 11,271 145  Equatorial Guinea 11,024 146  Rwanda 10,355 147  New Caledonia (France) 9,879 148  Kyrgyzstan 8,454 149  Tajikistan 8,333 150  Malawi 8,099 151  Haiti 8,051 152  Kosovo 7,952 153  Mauritania 7,593 154  Monaco 7,423 155  Bermuda (United Kingdom) 7,361 156  Togo 7,270 157  Liechtenstein 6,797 158  French Polynesia (France) 6,023 159  Cayman Islands (UK) 6,020 160  Maldives 5,642 161  Montenegro 5,542 162  Fiji 5,504 163  Barbados 5,209 164  Guyana 5,173 165  South Sudan 4,959 166  Eswatini 4,594 167  Sierra Leone 4,121 168  Suriname 3,697 169  Aruba (Netherlands) 3,293 170  Djibouti 3,166 172  Andorra 3,154 173  Curaçao (Netherlands) 3,101 174  Greenland (Denmark) 3,023 175  Burundi 3,002 176  Liberia 2,582 177  Bhutan 2,564 178  Lesotho 2,460 179  Central African Republic 2,220 180  Saint Lucia 2,122 181  Timor-Leste 2,017 182  Eritrea 1,981 183  Cape Verde 1,981 184  Belize 1,906 185  Gambia, The 1,822 186  Zanzibar (Tanzania) 1,805 187  Seychelles 1,698 188  Antigua and Barbuda 1,661 189  Somalia 1,626 190  San Marino 1,602 191  Guinea-Bissau 1,322 192  Solomon Islands 1,302 193  British Virgin Islands (United Kingdom) 1,296 194  Grenada 1,211 195  Turks and Caicos Islands (United Kingdom) 1,197 196  Comoros 1,165 197  Saint Kitts and Nevis 1,050 198  Sint Maarten (Netherlands) 1,009 199  Vanuatu 906 200  Samoa 844 201  Saint Vincent and the Grenadines 825 202  Dominica 582 203  Tonga 508 204  São Tomé and Príncipe 421 205  Micronesia, Federated States of 414 206  Cook Islands (New Zealand) 379 207  Anguilla (United Kingdom) 379 208  Palau 280 209  Marshall Islands 237 210  Kiribati 194 211  Nauru 132 212  Montserrat (United Kingdom) 67 213  Tuvalu 47

See also

• List of countries by GDP (PPP)
• List of countries by GDP (nominal) per capita
• List of countries by GDP (PPP) per capita
• List of countries by past and projected GDP (nominal)
• List of countries by past and projected GDP (PPP)

Notes

1. Based on IMF data. If no data is available for a country from the IMF, then data from the United Nations is used.
2. Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
3. There is a discrepancy between the data for China given by IMF's World Economic Outlook (October 2020) database and the same data given by IMF's DATAMAPPER; the number here is from the former source.
4. Figures exclude Republic of Crimea and Sevastopol.
5. The official name is "Taiwan Province of China" in IMF's report.
6. The official name is "Hong Kong SAR" in IMF's report.
7. The official name is "Macao SAR" in IMF's report.
8. The official name is "West Bank and Gaza" in IMF and World Bank reports.
9. Figures exclude special administrative regions of Hong Kong and Macau.
10. Includes Western Sahara.
11. Covers mainland Tanzania only.
12. Data are for the area controlled by the Government of the Republic of Cyprus.
13. Excludes Abkhazia and South Ossetia.
14. Excludes data for Transnistria.

References

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