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Largest economies by nominal GDP in 2018,
not counting the economies of the European Union as one,
according to "International Monetary Fund estimates.[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 $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 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.

Contents

Lists[edit]

Per the "International Monetary Fund (2018)[1] Per the "World Bank (2016)[20] Per the "United Nations (2016)[21][22]
Rank Country GDP
(US$MM)
   "World[19] 79,865,481
1  "United States 20,412,870
 "European Union[n 1][19] 19,669,743
2  "China[n 2] 14,092,514
3  "Japan 5,167,051
4  "Germany 4,211,635
5  "United Kingdom 2,936,286
6  "France 2,925,096
7  "India 2,848,231
8  "Italy 2,181,970
9  "Brazil 2,138,918
10  "Canada 1,798,512
11  "Russia[n 3] 1,719,000
12  "South Korea 1,693,246
13  "Spain 1,506,439
14  "Australia 1,500,256
15  "Mexico 1,212,831
16  "Indonesia 1,074,966
17  "Netherlands 945,327
18  "Turkey 909,885
19  "Saudi Arabia 748,003
20   "Switzerland 741,688
21  "Argentina 625,921
22  "Poland 614,190
23  "Taiwan 613,295
24  "Sweden 600,771
25  "Belgium 562,229
26  "Thailand 483,739
27  "Austria 477,672
28  "Norway 443,252
29  "Iran 418,875
30  "United Arab Emirates 411,827
31  "Nigeria 408,612
32  "Ireland 385,142
33  "Israel 373,751
34  "South Africa 370,887
35  "Denmark 369,760
36  "Malaysia 364,919
37  "Hong Kong 364,782
38  "Singapore 332,449
39  "Colombia 327,978
40  "Philippines 313,419
41  "Pakistan 303,993
42  "Finland 289,557
43  "Bangladesh 285,817
44  "Chile 280,269
45  "Czech Republic 251,577
46  "Portugal 248,891
47  "Romania 245,590
48  "Vietnam 240,779
49  "Egypt 237,073
50  "Peru 231,567
51  "Greece 226,774
52  "Iraq 223,258
53  "New Zealand 220,888
54  "Algeria 197,629
55  "Qatar 183,807
56  "Kazakhstan 179,250
57  "Hungary 163,541
58  "Kuwait 135,305
59  "Morocco 120,997
60  "Angola 119,428
61  "Ukraine 119,134
62  "Slovakia 111,483
63  "Ecuador 106,621
64  "Venezuela 100,845
65  "Puerto Rico 97,353
66  "Sri Lanka 93,454
67  "Kenya 88,271
68  "Ethiopia 85,664
69  "Oman 82,620
70  "Guatemala 82,356
71  "Dominican Republic 80,413
 "Syria[n 4] 77,460/Na
72  "Luxembourg 72,461
73  "Myanmar 70,715
74  "Uruguay 63,370
75  "Panama 66,711
76  "Bulgaria 64,781
77  "Costa Rica 61,287
78  "Croatia 61,056
79  "Belarus 59,246
80  "Slovenia 56,933
81  "Tanzania 56,664
82  "Lithuania 54,352
83  "Macau 53,754
84  "Lebanon 53,620
85  "Ghana 51,619
86  "Serbia 48,279
87  "Côte d'Ivoire 48,142
88  "Azerbaijan 45,483
99  "Libya 43,636
90  "Democratic Republic of the Congo 42,644
91  "Jordan 42,553
92  "Turkmenistan 42,353
93  "Sudan 41,676
94  "Bolivia 40,737
95  "Tunisia 40,298
96  "Uzbekistan 40,259
97  "Cameroon 39,074
98  "Bahrain 37,841
99  "Latvia 35,915
100  "Paraguay 32,291
101  "Estonia 30,821
102  "El Salvador 29,407
103  "Iceland 29,109
104  "Uganda 27,616
105    "Nepal 27,278
106  "Papua New Guinea 26,312
107  "Zambia 26,228
108  "Cyprus 24,620
109  "Cambodia 24,360
110  "Honduras 24,021
111  "Trinidad and Tobago 22,158
112  "Afghanistan 21,657
113  "Bosnia and Herzegovina 20,340
114  "Senegal 19,722
115  "Zimbabwe 19,395
116  "Botswana 18,620
117  "Laos 18,337
118  "Mali 17,907
119  "Gabon 17,461
120  "Georgia 16,142
121  "Albania 15,289
122  "Jamaica 15,256
123  "Malta 14,873
124  "Burkina Faso 14,607
125  "Nicaragua 14,532
126  "Brunei 14,438
127  "Mozambique 14,321
128  "Yemen 13,840
129  "Namibia 13,298
130  "Mauritius 13,297
131  "Macedonia 13,085
132  "Madagascar 12,611
133  "Mongolia 12,511
134  "Bahamas 12,318
135  "Armenia 12,031
136  "Equatorial Guinea 11,544
137  "Chad 11,486
138  "Benin 11,039
139  "Guinea 10,854
140  "Republic of Congo 10,471
141  "Rwanda 9,944
142  "Niger 9,869
143  "Haiti 9,417
144  "Moldova 9,202
145  "Kosovo 8,359
146  "Tajikistan 7,659
147  "Kyrgyzstan 7,588
148  "Malawi 6,746
149  "Eritrea 6,721
150  "Togo 5,590
151  "Montenegro 5,547
152  "Fiji 5,440
153  "Mauritania 5,435
154  "Barbados 5,317
155  "Maldives 4,825
156  "Swaziland 4,572
157  "Suriname 3,857
158  "Sierra Leone 3,824
159  "Burundi 3,805
160  "Guyana 3,747
161  "Liberia 3,332
162  "South Sudan 3,194
163  "Lesotho 2,920
164  "Timor-Leste 2,740
165  "Bhutan 2,547
166  "Djibouti 2,187
167  "Central African Republic 2,164
168  "Cape Verde 1,978
169  "Belize 1,912
170  "San Marino 1,809
171  "St. Lucia 1,755
172  "Antigua and Barbuda 1,612
173  "Guinea-Bissau 1,582
174  "Seychelles 1,569
175  "Solomon Islands 1,377
176  "Grenada 1,180
177  "The Gambia 1,085
178  "St. Kitts and Nevis 972
179  "Vanuatu 957
180  "Samoa 881
181  "St. Vincent and the Grenadines 835
182  "Comoros 738
183  "Dominica 476
184  "São Tomé and Príncipe 443
185  "Tonga 433
186  "Federated States of Micronesia 335
187  "Palau 321
188  "Kiribati 211
189  "Marshall Islands 205
190  "Tuvalu 43
191   "Vatican City 2
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
5  "United Kingdom 2,647,898
6  "France 2,465,453
7  "India 2,263,792
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 857,711
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   "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   "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
5  "United Kingdom 2,647,898
6  "France 2,465,453
7  "India 2,259,642
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   "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   "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[edit]

Notes[edit]

  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 "Western 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[edit]

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  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. 
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  10. ^ Koesterich, Russ (16 May 2014). "America The Youthful? Yes, On a Relative Basis". "BlackRock. Retrieved 4 June 2014. 
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  19. ^ a b c "Report for Selected Country Groups and Subjects". "World Economic Outlook. "International Monetary Fund. April 2018. 
  20. ^ "GDP (current US$)". "World Development Indicators. "World Bank. Retrieved 1 July 2017. 
  21. ^ "GDP and its breakdown at current prices in US Dollars". "United Nations Statistics Division. December 2017. 
  22. ^ "United Nations Statistics Division - National Accounts". unstats.un.org. 
  23. ^ "EU GDP (current US$)". "World Development Indicators. "World Bank. Retrieved 1 July 2016. 
  24. ^ "All countries and regions/subregions (totals) for all years - sorted by region/subregion". United Nations. United Nations. Retrieved September 27, 2017. 
  25. ^ "All countries for all years - sorted alphabetically". United Nations. United Nations. Retrieved September 27, 2016. 
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