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]

For countries by GDP based on purchasing power parity, see List of countries by GDP (PPP).

Largest economies by nominal GDP in 2019[1]

Countries by nominal GDP in 2019[note 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 $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 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. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics.

Lists

Per the International Monetary Fund (2019 estimates)[1]	Per the World Bank (2019)[20]	Per the United Nations (2018)[21][22]
Rank Country/Territory GDP (US$million)    World[19] 87,265,226 1  United States 21,439,453 —  European Union[23][n 1] 18,705,132 2  China[n 2] 14,140,163 3  Japan 5,154,475 4  Germany 3,863,344 5  India 2,935,570 6  United Kingdom 2,743,586 7  France 2,707,074 8  Italy 1,988,636 9  Brazil 1,847,020 10  Canada 1,730,914 11  Russia[n 3] 1,637,892 12  Korea, South 1,629,532 13  Spain 1,397,870 14  Australia 1,376,255 15  Mexico 1,274,175 16  Indonesia 1,111,713 17  Netherlands 902,355 18  Saudi Arabia 779,289 19  Turkey 743,708 20   Switzerland 715,360 —  Taiwan 586,104 21  Poland 565,854 22  Thailand 529,177 23  Sweden 528,929 24  Belgium 517,609 25  Iran 458,500 26  Austria 447,718 27  Nigeria 446,543 28  Argentina 445,469 29  Norway 417,627 30  United Arab Emirates 405,771 31  Israel 387,717 32  Ireland 384,940 —  Hong Kong 372,989 33  Malaysia 365,303 34  Singapore 362,818 35  South Africa 358,839 36  Philippines 356,814 37  Denmark 347,176 38  Colombia 327,895 39  Bangladesh 317,465 40  Egypt 302,256 41  Chile 294,237 42  Pakistan 284,214 43  Finland 269,654 44  Vietnam 261,637 45  Czech Republic 246,953 46  Romania 243,698 47  Portugal 236,408 48  Peru 228,989 49  Iraq 224,462 50  Greece 214,012 51  New Zealand 204,671 52  Qatar 191,849 53  Algeria 172,781 54  Hungary 170,407 55  Kazakhstan 170,326 56  Ukraine 150,401 57  Kuwait 137,591 58  Morocco 119,040 59  Ecuador 107,914 60  Slovakia 106,552 —  Puerto Rico 99,913 61  Kenya 98,607 62  Angola 91,527 63  Ethiopia 91,166 64  Dominican Republic 89,475 65  Sri Lanka 86,566 66  Guatemala 81,318 67  Oman 76,609 68  Venezuela 70,140 69  Luxembourg 69,453 70  Panama 68,536 71  Ghana 67,077 72  Bulgaria 66,250 73  Myanmar 65,994 74  Tanzania 62,224 75  Belarus 62,572 76  Costa Rica 61,021 77  Croatia 60,702 78  Uzbekistan 60,490 79  Syria[n 4] 60,043/Na 80  Uruguay 59,918 81  Lebanon 58,565 —  Macau 55,136 82  Slovenia 54,154 83  Lithuania 53,641 84  Serbia 51,523 85  Congo, Democratic Republic of the 48,994 86  Azerbaijan 47,171 87  Turkmenistan 46,674 88  Côte d'Ivoire 44,439 89  Jordan 44,172 90  Bolivia 42,401 91  Paraguay 40,714 92  Tunisia 38,732 93  Cameroon 38,632 94  Bahrain 38,184 95  Latvia 35,045 96  Libya 33,018 97  Estonia 31,038 98  Sudan 30,873 99  Uganda 30,666 100  Yemen 29,855 101    Nepal 29,813 102  El Salvador 26,871 103  Cambodia 26,730 104  Honduras 24,449 105  Cyprus 24,280 106  Zambia 23,946 107  Senegal 23,940 108  Iceland 23,918 109  Papua New Guinea 23,587 110  Trinidad and Tobago 22,607 111  Bosnia and Herzegovina 20,106 112  Laos 19,127 113  Afghanistan 18,734 114  Botswana 18,690 115  Mali 17,647 117  Gabon 16,877 116  Georgia 15,925 118  Jamaica 15,702 119  Albania 15,418 120  Mozambique 15,093 121  Malta 14,859 122  Burkina Faso 14,593 123  Mauritius 14,391 124  Benin 14,374 125  Namibia 14,368 126  Mongolia 13,637 127  Armenia 13,444 128  Guinea 13,368 129  Zimbabwe 12,818 130  North Macedonia 12,672 131  Bahamas, The 12,664 132  Madagascar 12,550 133  Nicaragua 12,528 134  Brunei 12,455 135  Equatorial Guinea 12,142 136  Moldova 11,688 137  Congo, Republic of the 11,576 138  Chad 11,026 139  Rwanda 10,209 140  Niger 9,443 141  Haiti 8,819 142  Kyrgyzstan 8,261 143  Tajikistan 8,152 —  Kosovo 7,996 144  Malawi 7,522 145  Maldives 5,786 146  Togo 5,502 147  Mauritania 5,651 148  Montenegro 5,424 149  Fiji 5,708 150  Barbados 5,189 151  Somalia 4,958 152  Eswatini 4,657 153  Sierra Leone 4,229 154  Guyana 4,121 155  Suriname 3,774 156  South Sudan 3,681 157  Burundi 3,573 158  Liberia 3,221 159  Djibouti 3,166 160  Timor-Leste 2,938 —  Aruba 2,903 161  Bhutan 2,842 162  Lesotho 2,741 163  Central African Republic 2,321 164  Eritrea 2,110 165  Belize 2,001 166  St. Lucia 1,992 167  Gambia 1,773 168  Antigua and Barbuda 1,688 169  Seychelles 1,644 170  San Marino 1,591 171  Solomon Islands 1,440 172  Grenada 1,238 173  Comoros 1,179 174  St. Kitts and Nevis 1,032 175  Vanuatu 951 176  Samoa 905 177  St. Vincent and the Grenadines 856 178  Dominica 593 179  Tonga 488 180  São Tomé and Príncipe 430 181  Micronesia, Federated States of 381 182  Palau 291 183  Marshall Islands 220 184  Kiribati 184 185  Nauru 108 186  Tuvalu 42	Rank Country/Territory GDP (US$million)    World 87,751,541 1  United States 21,427,700 2  China[n 5] 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 3] 1,699,877 12  Korea, South 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 —  Taiwan 574,905 (2017) 22  Thailand 543,650 23  Sweden 530,833 24  Belgium 529,607 25  Argentina 449,663 26  Nigeria 448,120 27  Austria 446,315 28  Iran 445,345 (2017) 29  United Arab Emirates 421,142 30  Norway 403,336 31  Israel 395,099 32  Ireland 388,699 33  Philippines 376,796 34  Singapore 372,063 —  Hong Kong 366,030 35  Malaysia 364,702 36  South Africa 351,432 37  Denmark 348,078 38  Colombia 323,803 39  Egypt 303,175 40  Bangladesh 302,571 41  Chile 282,318 42  Pakistan 278,222 43  Finland 268,761 44  Vietnam 261,921 45  Romania 250,077 46  Czech Republic 246,489 47  Portugal 237,686 48  Iraq 234,094 49  Peru 226,848 50  Greece 209,853 51  New Zealand 206,929 52  Qatar 183,466 53  Kazakhstan 180,162 54  Algeria 169,988 55  Hungary 160,967 56  Ukraine 153,781 57  Kuwait 134,761 58  Morocco[n 6] 118,725 59  Ecuador 107,436 60  Slovak Republic 105,422 61  Puerto Rico 104,989 —  Cuba 100,023 (2018) 62  Ethiopia 96,108 63  Kenya 95,503 64  Angola 94,635 65  Dominican Republic 88,941 66  Sri Lanka 84,009 67  Oman 76,983 68  Guatemala 76,710 69  Myanmar 76,086 70  Luxembourg 71,105 71  Bulgaria 67,927 72  Ghana 66,984 73  Panama 66,801 74  Tanzania[n 7] 63,177 75  Belarus 63,080 76  Costa Rica 61,774 77  Croatia 60,416 78  Cote d'Ivoire 58,792 79  Uzbekistan 57,921 —  Uruguay 56,046 80  Lithuania 54,219 81  Macau 53,859 82  Slovenia 53,742 83  Lebanon 53,367 84  Libya 52,076 85  Serbia 51,409 86  Azerbaijan 48,048 87  Congo, Democratic Republic of the 47,320 88  Jordan 43,744 89  Bolivia 40,895 90  Turkmenistan 40,761 (2018) 91  Tunisia 38,798 92  Cameroon 38,760 93  Bahrain 38,574 94  Paraguay 38,145 95  Uganda 34,387 96  Latvia 34,117 97  Estonia 31,387 98    Nepal 30,641 99  Cambodia 27,089 100  El Salvador 27,023 101  Honduras 25,095 102  Papua New Guinea 24,970 103  Cyprus[n 8] 24,565 104  Iceland 24,188 105  Trinidad and Tobago 24,100 106  Senegal 23,578 107  Zambia 23,065 108  Zimbabwe 21,441 109  Bosnia and Herzegovina 20,048 110  Afghanistan 19,101 111  Sudan 18,902 112  Botswana 18,341 113  Laos 18,174 114  Georgia[n 9] 17,743 115  Mali 17,510 116  Gabon 16,658 117  Jamaica 16,458 118  Burkina Faso 15,746 —  Albania 15,278 119  Mozambique 14,934 120  Malta 14,786 121  West Bank and Gaza 14,616 (2018) 122  Benin 14,391 123  Mauritius 14,180 124  Madagascar 14,084 125  Mongolia 13,853 126  Armenia 13,673 127  Guinea 13,590 128  Brunei 13,469 129  Niger 12,928 130  Bahamas, The 12,827 131  North Macedonia 12,695 132  Nicaragua 12,521 133  Namibia 12,367 134  Moldova[n 10] 11,955 135  Chad 11,315 136  Equatorial Guinea 11,027 137  Congo, Republic of the 10,821 138  Rwanda 10,122 139  Haiti 8,499 140  Kyrgyzstan 8,455 —  Tajikistan 8,117 141  Kosovo 7,926 142  Malawi 7,667 143  Mauritania 7,594 144  Maldives 5,729 145  Fiji 5,536 146  Montenegro 5,495 147  Togo 5,460 148  Barbados 5,209 149  Eswatini 4,405 150  Guyana 4,280 151  Suriname 3,985 152  Sierra Leone 3,941 153  Djibouti 3,319 154  Andorra 3,154 155  Liberia 3,071 156  Burundi 3,012 157  Lesotho 2,460 158  Bhutan 2,447 (2018) 159  Central African Republic 2,220 160  Saint Lucia 2,122 161  Cabo Verde 1,982 162  Belize 1,880 163  Gambia, The 1,764 164  Antigua and Barbuda 1,728 165  Seychelles 1,699 166  Timor-Leste 1,674 167  San Marino 1,638 (2018) 168  Solomon Islands 1,425 169  Guinea-Bissau 1,340 170  Grenada 1,228 171  Comoros 1,186 172  Saint Kitts and Nevis 1,051 173  Vanuatu 917 174  Samoa 851 175  Saint Vincent and the Grenadines 825 176  Dominica 596 177  Tonga 450 (2018) 178  Sao Tome and Principe 429 179  Micronesia, Federated States of 402 (2018) 180  Palau 284 (2018) 181  Marshall Islands 221 (2018) 182  Kiribati 195 183  Nauru 118 184  Tuvalu 47	Rank Country/Territory GDP (US$million)    World[25] 85,085,189 1  United States 20,580,223 2  China[n 5] 13,608,152 3  Japan 4,971,323 4  Germany 3,949,549 5  United Kingdom 2,855,297 6  India 2,779,351 7  France 2,778,892 8  Italy 2,084,882 9  Brazil 1,868,613 10  Korea, South 1,720,489 11  Canada 1,712,562 12  Russia[n 3] 1,660,514 13  Australia 1,453,871 14  Spain 1,419,735 15  Mexico 1,223,401 16  Indonesia 1,042,173 17  Netherlands 914,105 18  Saudi Arabia 782,484 19  Turkey 771,355 20   Switzerland 705,141 21  Poland 585,661 —  Taiwan 579,865 22  Sweden 556,087 23  Belgium 543,026 24  Argentina 518,475 25  Thailand 504,992 26  Iran 473,091 27  Austria 455,508 28  Norway 434,167 29  Nigeria 421,821 30  United Arab Emirates 414,179 31  Ireland 382,674 32  Israel 370,588 33  South Africa 368,094 —  Hong Kong 362,682 34  Singapore 361,115 35  Malaysia 358,579 36  Denmark 355,675 37  Philippines 330,910 38  Colombia 330,228 39  Chile 298,231 40  Pakistan 282,346 41  Finland 276,878 42  Bangladesh 269,628 43  Egypt 249,751 44  Czech Republic 245,226 45  Vietnam 244,901 46  Portugal 240,792 47  Romania 239,552 48  Peru 222,237 49  Greece 218,139 50  Iraq 212,272 51  Venezuela 208,339 52  New Zealand 207,921 53  Qatar 191,362 54  Kazakhstan 179,340 55  Algeria 173,758 56  Hungary 157,883 57  Kuwait 141,698 58  Ukraine 130,832 59  Morocco 117,921 60  Ecuador 108,398 61  Slovakia 105,956 62  Angola 105,902 —  Puerto Rico 101,131 63  Cuba 100,023 64  Oman 92,112 65  Sri Lanka 88,942 66  Kenya 87,906 67  Dominican Republic 81,299 68  Ethiopia 80,293 69  Guatemala 78,461 70  Myanmar 72,745 71  Luxembourg 70,920 72  Bulgaria 66,199 73  Ghana 65,535 74  Panama 65,055 75  Croatia 60,991 76  Costa Rica 60,126 77  Belarus 59,662 78  Uruguay 59,597 79  Tanzania 57,145 80  Lebanon 56,409 —  Macau 54,545 81  Slovenia 54,034 82  Lithuania 53,455 83  Serbia 50,597 84  Sudan 50,514 85  Uzbekistan 50,500 86  Congo, Democratic Republic of the 47,146 87  Azerbaijan 46,939 88  Côte d'Ivoire 43,028 89  Jordan 42,231 90  Turkmenistan 40,749 91  Paraguay 40,308 92  Bolivia 40,288 93  Tunisia 39,895 94  Cameroon 38,694 95  Bahrain 37,876 96  Latvia 34,426 97  Libya 34,377 98  Estonia 30,747 99  Uganda 30,098 100    Nepal 27,830 101  Zambia 27,283 102  Yemen 26,672 103  El Salvador 26,057 104  Iceland 25,882 105  Cyprus 24,963 106  Cambodia 24,572 107  Zimbabwe 24,312 108  Honduras 23,970 109  Senegal 23,809 110  Trinidad and Tobago 23,808 111  Papua New Guinea 23,077 112  Afghanistan 20,514 113  Bosnia and Herzegovina 19,782 114  Botswana 18,615 115  Laos 17,954 116  Georgia 17,600 117  Korea, North 17,487 118  Mali 17,172 119  Gabon 16,994 120  Syria 16,628 —  Palestine, State of 16,277 121  Burkina Faso 16,200 122  Jamaica 15,714 123  Albania 15,059 124  Mozambique 14,717 125  Malta 14,549 126  Namibia 14,519 127  Mauritius 14,220 128  Congo, Republic of the 14,173 129  Madagascar 13,851 130  Brunei 13,567 131  Equatorial Guinea 13,324 132  Nicaragua 13,118 133  Mongolia 13,010 134  Niger 12,821 135  North Macedonia 12,629 136  Armenia 12,433 137  Bahamas, The 12,425 138  Guinea 11,640 139  Chad 11,387 140  Moldova 11,309 141  Benin 10,412 —  New Caledonia 10,174 142  Rwanda 9,510 143  Haiti 9,287 144  South Sudan 8,207 145  Kyrgyzstan 8,093 —  Kosovo 7,943 146  Mauritania 7,620 147  Tajikistan 7,523 148  Malawi 7,196 149  Monaco 7,189 150  Eritrea 6,855 151  Liechtenstein 6,796 —  Bermuda 6,351 —  French Polynesia 6,100 152  Fiji 5,537 153  Montenegro 5,507 —  Cayman Islands 5,485 154  Maldives 5,327 155  Togo 5,166 156  Barbados 5,087 157  Eswatini 4,711 158  Sierra Leone 4,101 159  Guyana 3,818 160  Suriname 3,458 161  Burundi 3,285 162  Andorra 3,238 —  Aruba 3,203 —  Curaçao 3,128 —  Greenland 3,052 163  Djibouti 2,923 164  Bhutan 2,658 165  Lesotho 2,631 166  Timor-Leste 2,581 167  Central African Republic 2,243 168  Liberia 2,121 169  Cape Verde 1,977 170  Saint Lucia 1,922 171  Belize 1,871 172  San Marino 1,638 173  Gambia, The 1,633 —  Zanzibar 1,618 174  Antigua and Barbuda 1,611 175  Seychelles 1,590 176  Somalia 1,495 177  Guinea-Bissau 1,459 —  British Virgin Islands 1,445 178  Solomon Islands 1,271 179  Grenada 1,169 180  Comoros 1,166 —  Turks and Caicos Islands 1,022 181  Saint Kitts and Nevis 1,011 —  Sint Maarten 980 182  Vanuatu 889 183  Samoa 834 184  Saint Vincent and the Grenadines 811 185  Dominica 551 186  Tonga 504 187  São Tomé and Príncipe 411 188  Micronesia, Federated States of 371 —  Cook Islands 363 —  Anguilla 293 189  Palau 284 190  Marshall Islands 214 191  Kiribati 189 192  Nauru 127 —  Montserrat 64 193  Tuvalu 46

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.

1. The European Union (EU) is an economic and political union of 27 member states that are located primarily in Europe. The EU is included as a separate entity in The World Factbook of CIA because it has many attributes of independent nations, being much more than a free-trade association such as ASEAN, NAFTA, or Mercosur.[24] As the EU is not a country, China is the second ranked country on these lists.
2. Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
3. 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. 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

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