In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 5.4 percent in 2023 and 5.0 percent in 2024. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

The statistic shows the gross domestic product (GDP) per capita in India from 1987 to 2030. In 2020, the estimated gross domestic product per capita in India amounted to about 1,915.55 U.S. dollars. See figures on India's economic growth here. For comparison, per capita GDP in China had reached about 6,995.25 U.S. dollars in 2013. India's economic progress India’s progress as a country over the past decade can be attributed to a global dependency on cheaper production of goods and services from developed countries around the world. India’s economy is built upon its agriculture, manufacturing and services sector, which, along with its drastic rise in population and demand for employment, led to a significant increase of the nation’s GDP per capita. Despite experiencing rather momentous economic gains since the mid 2000s, the Indian economy stagnated around 2012, with a decrease in general growth as well as the value of its currency. Residents and consumers in India have recently shown pessimism regarding the future of the Indian economy as well as their own financial situation, and with the recent economic standstill, consumer confidence in the country could potentially lower in the near future. Typical Indian exports consist of agricultural products, jewelry, chemicals and ores. Imports consist primarily of crude oil, gold and precious stones, used primarily in the manufacturing of jewelry. As a result, India has seen a rather highly increased demand of several gems in order to boost their jewelry industry and in general their exports. Although India does not export an extensive amount of goods, especially when considering the stature of the country, India has remained as one of the world’s largest exporters.

The average for 2024 based on 177 countries was 27291 U.S. dollars. The highest value was in Singapore: 132570 U.S. dollars and the lowest value was in Burundi: 836 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

CONTENT

This dataset contains data on key indicators of world's top 6 Economies (by GDP) which includes USA, China, Japan, Germany, United Kingdom, India between the time interval of 30 years from 1990 to 2020. Data scraped from World Bank Data website and processed using Python Pandas library. This dataset could be used to do Time Series Analysis and Forecasting.

Code notebook:

https://deepnote.com/workspace/charan-chandrasekaran-9b7f-9e1375d3-f150-44ca-a9fb-feb08a1e8585/project/Data-extraction-from-World-bank-data-on-Top-6-Economies-2cdf8112-d412-4044-a58e-5e464804e9b6

INDICATORS

1. GDP (current US$)
2. GDP, PPP (current international $)
3. GDP per capita (current US$)
4. GDP growth (annual %)
5. Imports of goods and services (% of GDP)
6. Exports of goods and services (% of GDP)
7. Central government debt, total (% of GDP)
8. Total reserves (includes gold, current US$)
9. Unemployment, total (% of total labor force) (modelled ILO estimate)
10. Inflation, consumer prices (annual %)
11. Personal remittances, received (% of GDP)
12. Population, total
13. Population growth (annual %)
14. Life expectancy at birth, total (years)
15. Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)

SOURCE

The World Bank : https://data.worldbank.org/country

The Gross Domestic Product (GDP) of countries and regions from 1960 to 2020 provides a comprehensive view of economic development over six decades. GDP measures the total value of goods and services produced in a country or region over a specific period and is an important indicator of economic health and growth. Below is a summary of the GDP trends for major regions and selected countries:

Global Overview (1960-2020) 1- 1960s-1980s: During this period, many developed economies such as the United States, Japan, and Western European countries experienced robust economic growth. This was a time of post-World War II reconstruction, technological advancement, and increasing globalization.

2- 1990s-2000s: The fall of the Soviet Union in the early 1990s marked a shift in global economic dynamics. Many former Soviet states and Eastern European countries transitioned to market economies. Asia, particularly China and India, began to emerge as major economic players due to economic reforms and rapid industrialization.

3- 2010s-2020: The 2010s were marked by steady growth in advanced economies, while emerging markets such as China, India, Brazil, and others became significant contributors to global GDP. However, the COVID-19 pandemic in 2020 led to a severe global economic downturn.

The gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 45.71 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

The gross domestic product of the United Kingdom in 2024 was around 2.78 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.75 trillion pounds. The significant drop in GDP visible in 2020 was due to the COVID-19 pandemic, with the smaller declines in 2008 and 2009 because of the global financial crisis of the late 2000s. Low growth problem in the UK Despite growing by 0.9 percent in 2024, and 0.4 percent in 2023 the UK economy is not that much larger than it was before the COVID-19 pandemic. Since recovering from a huge fall in GDP in the second quarter of 2020, the UK economy has alternated between periods of contraction and low growth, with the UK even in a recession at the end of 2023. While economic growth picked up somewhat in 2024, GDP per capita is lower than it was in 2022, following two years of negative growth. UK's global share of GDP falling As of 2024, the UK had the sixth-largest economy in the world, behind the United States, China, Japan, Germany, and India. Among European nations, this meant that the UK currently has the second-largest economy in Europe, although the economy of France, Europe's third-largest economy, is of a similar size. The UK's global economic ranking will likely fall in the coming years, however, with the UK's share of global GDP expected to fall from 2.16 percent in 2025 to 2.02 percent by 2029.  

Since the early 1990s, total investments in terms of share of gross domestic product (GDP) was highest in China, reaching over 40 percent of the country's GDP in 2023. This comes as China has seen substantial economic growth over the last decades, attracting investors. In India, the country with the second highest share, investments reached over 30 percent of its GDP.

In 1938, the year before the Second World War, the United States had, by far, the largest economy in the world in terms of gross domestic product (GDP). The five Allied Great Powers that emerged victorious from the war, along with the three Axis Tripartite Pact countries that were ultimately defeated made up the eight largest independent economies in 1938.

When values are converted into 1990 international dollars, the U.S. GDP was over 800 billion dollars in 1938, which was more than double that of the second largest economy, the Soviet Union. Even the combined economies of the UK, its dominions, and colonies had a value of just over 680 billion 1990 dollars, showing that the United States had established itself as the world's leading economy during the interwar period (despite the Great Depression).

Interestingly, the British and Dutch colonies had larger combined GDPs than their respective metropoles, which was a key motivator for the Japanese invasion of these territories in East Asia during the war. Trade with neutral and non-belligerent countries also contributed greatly to the economic development of Allied and Axis powers throughout the war; for example, natural resources from Latin America were essential to the American war effort, while German manufacturing was often dependent on Swedish iron supplies.

Per capita carbon dioxide (CO₂) emissions in India have soared in recent decades, climbing from 0.4 metric tons per person in 1970 to a high of 2.07 metric tons per person in 2023. Total CO₂ emissions in India also reached a record high in 2023. Greenhouse gas emissions in India India is the third-largest CO₂ emitter globally, behind only China and the United States. Among the various economic sectors of the country, the power sector accounts for the largest share of greenhouse gas emissions in India, followed by agriculture. Together, these two sectors were responsible for more than half of India's total emissions in 2023. Coal emissions One of the main reasons for India's high emissions is the country's reliance on coal, the most polluting of fossil fuels. India's CO₂ emissions from coal totaled roughly two billion metric tons in 2023, a near sixfold increase from 1990 levels.

******* had the highest level of the Human Development Index (HDI) worldwide in 2023 with a value of *****. With a score of ****, ****** followed closely behind *********** and had the second-highest level of human development in that year. The rise of the Asian tigers In the decades after the Cold War, the four so-called Asian tigers, South Korea, Singapore, Taiwan, and Hong Kong (now a Special Administrative Region of China) experienced rapid economic growth and increasing human development. At number eight and number 13 of the HDI, respectively, *********************** are the only Asian locations within the top-15 highest HDI scores. Both locations have experienced tremendous economic growth since the 1980’s and 1990’s. In 1980, the per capita GDP of Hong Kong was ***** U.S. dollars, increasing throughout the decades until reaching ****** in 2023, which is expected to continue to increase in the future. Meanwhile, in 1989, Singapore had a GDP of nearly ** billion U.S. dollars, which has risen to nearly *** billion U.S. dollars today and is also expected to keep increasing. Growth of the UAE The United Arab Emirates (UAE) is the only Middle Eastern country besides Israel within the highest ranking HDI scores globally. Within the Middle East and North Africa (MENA) region, the UAE has the third-largest GDP behind Saudi Arabia and Israel, reaching nearly *** billion U.S. dollars by 2022. Per capita, the UAE GDP was around ****** U.S. dollars in 1989, and has nearly doubled to ****** U.S. dollars by 2021. Moreover, this is expected to reach over ****** U.S. dollars by 2029. On top of being a major oil producer, the UAE has become a hub for finance and business and attracts millions of tourists annually.

This statistic shows the total population of the European Union from 2010 to 2025. The population is based on data from the most recent census adjusted by the components of population change produced since the last census, or based on population registers. At the beginning of 2025, the total population of the European Union amounted to approximately 450.38 million inhabitants. See figures for the total population by continent here. The global population The global population is rapidly increasing. Between 1990 and 2015, the global population has increased by around 2 billion people, and it is estimated to have increased by another 1 billion people by 2030. Asia is the continent in the world with the largest population, followed by Africa and Europe. Asia has the two most populous nations in the world: China and India. In 2014, the combined population in China and India amounted to more than 2.6 billion people. The total population in Europe is around 741 million people. As of 2014, about 10.2 percent of the global population lived in Europe. Europe is the continent with the second highest life expectancy at birth in the world. Born in 2013, the average European was estimated to live for around 78 years. Stable economies as well as developing and emerging markets in Europe provide for good living conditions for foreign nationals; seven of the top twenty countries in the world with the largest gross domestic product in 2024 are located in Europe.