In 2024, the United States had the largest economy in the world, with a gross domestic product of just under 29 trillion U.S. dollars. China had the second largest economy, at around 18.5 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Italy's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

South Africa's GDP was estimated at just over 403 billion U.S. dollars in 2024, the highest in Africa. Egypt followed, with a GDP worth around 380 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with about 260 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and four are in Asia, alongside the U.S., Canada, and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

Gross domestic product ranking table.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Since 1980, Europe's largest economies have consistently been France, Germany, Italy, Spain, and the United Kingdom, although the former Soviet Union's economy was the largest in the 1980s, and Russia's economy has been larger than Spain's since 2010. Since Soviet dissolution, Germany has always had the largest economy in Europe, while either France or the UK has had the second largest economy depending on the year. Italy's economy was of a relatively similar size to that of the UK and France until the mid 2000s when it started to diverge, resulting in a difference of approximately 800 billion U.S dollars by 2018. Russia's economy had overtaken both Italy and Spain's in 2012, but has fallen since 2014 due to the drop in international oil prices and the economic sanctions imposed for its annexation of Crimea - economic growth is expected to be comparatively low in Russia in the coming years due to the economic fallout of its invasion of Ukraine in 2022.

This statistic shows the projected top ten largest national economies in 2050. By 2050, China is forecasted to have a gross domestic product of over 58 trillion U.S. dollars.

This dataset provides values for GDP GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Gross Domestic Product: All Industry Total in the Great Lakes BEA Region (GLAKNQGSP) from Q1 2005 to Q3 2024 about Great Lakes BEA Region, GSP, industry, GDP, and USA.

Tonga TO: GDP: Market Price: Linked Series data was reported at 941.800 TOP mn in 2017. This records an increase from the previous number of 889.500 TOP mn for 2016. Tonga TO: GDP: Market Price: Linked Series data is updated yearly, averaging 444.684 TOP mn from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 941.800 TOP mn in 2017 and a record low of 133.835 TOP mn in 1989. Tonga TO: GDP: Market Price: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tonga – Table TO.World Bank: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

United States GDPS: 2012p: Per Capita: Illinois data was reported at 58,217.000 USD in 2017. This records an increase from the previous number of 57,829.000 USD for 2016. United States GDPS: 2012p: Per Capita: Illinois data is updated yearly, averaging 54,393.000 USD from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 58,217.000 USD in 2017 and a record low of 47,416.000 USD in 1997. United States GDPS: 2012p: Per Capita: Illinois data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A113: NIPA 2018: GDP by State: Great Lakes Region: Chain Linked 2012 Price: saar.

United States GDPS: 2017p: MI: Government data was reported at 56.513 USD bn in Sep 2024. This records an increase from the previous number of 56.187 USD bn for Jun 2024. United States GDPS: 2017p: MI: Government data is updated quarterly, averaging 54.174 USD bn from Mar 2005 (Median) to Sep 2024, with 79 observations. The data reached an all-time high of 63.289 USD bn in Jun 2005 and a record low of 50.428 USD bn in Jun 2020. United States GDPS: 2017p: MI: Government data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A067: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

United States GDPS: 2017p: MI: Pvt: Retail Trade (RT) data was reported at 39.563 USD bn in Sep 2024. This records an increase from the previous number of 38.022 USD bn for Jun 2024. United States GDPS: 2017p: MI: Pvt: Retail Trade (RT) data is updated quarterly, averaging 28.988 USD bn from Mar 2005 (Median) to Sep 2024, with 79 observations. The data reached an all-time high of 39.563 USD bn in Sep 2024 and a record low of 25.985 USD bn in Jun 2012. United States GDPS: 2017p: MI: Pvt: Retail Trade (RT) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A067: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

The Gross Domestic Product (GDP) in the United States expanded 2.50 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Chain-Type Quantity Index for Real GDP: Construction (23) in the Great Lakes BEA Region (GLAKCONSTQQGSP) from Q1 2005 to Q3 2024 about Great Lakes BEA Region, quantity index, GSP, private industries, construction, private, industry, GDP, and USA.

With a Gross Domestic Product of over 4.18 trillion Euros, the German economy was by far the largest in Europe in 2023. The similar-sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 5.7 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.1 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same time period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

Graph and download economic data for Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in the Great Lakes BEA Region (GLAKOTHSERVEQGSP) from 1997 to 2023 about Great Lakes BEA Region, quantity index, GSP, private industries, services, private, industry, GDP, and USA.

United States GDPS: 2017p: IN: Pvt: Wholesale Trade data was reported at 21.420 USD bn in Sep 2024. This records an increase from the previous number of 21.326 USD bn for Jun 2024. United States GDPS: 2017p: IN: Pvt: Wholesale Trade data is updated quarterly, averaging 19.470 USD bn from Mar 2005 (Median) to Sep 2024, with 79 observations. The data reached an all-time high of 21.662 USD bn in Sep 2020 and a record low of 15.889 USD bn in Sep 2009. United States GDPS: 2017p: IN: Pvt: Wholesale Trade data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A067: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

Tonga TO: GDP: Real: Gross Value Added at Factor Cost: Services data was reported at 494.749 TOP mn in 2022. This records a decrease from the previous number of 504.300 TOP mn for 2021. Tonga TO: GDP: Real: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 452.056 TOP mn from Jun 1994 (Median) to 2022, with 29 observations. The data reached an all-time high of 531.940 TOP mn in 2020 and a record low of 345.240 TOP mn in 1994. Tonga TO: GDP: Real: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tonga – Table TO.World Bank.WDI: Gross Domestic Product: Real. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

Graph and download economic data for Chain-Type Quantity Index for Real GDP: Information (51) in the Great Lakes BEA Region (GLAKINFOQQGSP) from Q1 2005 to Q3 2024 about Great Lakes BEA Region, quantity index, information, GSP, private industries, private, industry, GDP, and USA.