The statistic shows global gross domestic product (GDP) from 1985 to 2022, with projections up until 2029. In 2020, global GDP amounted to about 85.52 trillion U.S. dollars, two and a half trillion lower than in 2019. Gross domestic product Gross domestic product, also known as GDP, is the accumulated value of all finished goods and services produced in a country, often measured annually. GDP is significant in determining the economic health, growth and productivity in the country, and is a stat often used when comparing several countries at a time, most likely in order to determine which country has seen the most progress. Until 2020, Global GDP had experienced a growth every year since 2010. However, a strong growth rate does not necessarily lead to all positive outcomes and often has a negative effect on inflation rates. A severe growth in GDP leads to lower unemployment, however lower unemployment often leads to higher inflation rates due to demand increasing at a much higher rate than supply and as a result prices rise accordingly. In terms of unemployment, growth had been fairly stagnant since the economic downturn of 2007-2009, but it remains to be seen what the total impact of the coronavirus pandemic will be on total employment.

In most years since 1980, global GDP growth has been relatively consistent, generally fluctuating between two and five percent growth from year to year. The most notable exceptions to this were during the Great Recession in 2009, and again in 2020 during the Covid-19 pandemic, where the global economy actually shrank in both of these years. As the world economy continues to deal with the economic impact of the pandemic, as well as the fallout from Russia's invasion of Ukraine in 2022, the future remains uncertain, however current estimates suggest that annual growth will return to steady figures of around 3 percent in 2029.

The Gross Domestic Product (GDP) in World was worth 106171.67 billion US dollars in 2023, according to official data from the World Bank. This dataset includes a chart with historical data for World GDP.

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP 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.

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.

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Country, regional and world GDP in current US Dollars ($). Regional means collections of countries e.g. Europe & Central Asia.

Data

The data is sourced from the World Bank, which in turn lists as sources: World Bank national accounts data, and OECD National Accounts data files.

Gross domestic product ranking table.

GDP per capita is gross domestic product divided by midyear population. GDP 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. Data are in current U.S. dollars.

Graph and download economic data for Gross Domestic Product: All Industries in Blue Earth County, MN (GDPALL27013) from 2001 to 2023 about Blue Earth County, MN; Mankato; MN; industry; GDP; and USA.

This layer contains Gross Domestic Product (GDP) Per Capita - the total value of goods produced and services provided, divided by the total population in each country, from 1960 to 2016, expressed in 2016 US Dollars. Expressing the GDP in "per capita" terms allows for better comparisons across countries. Total GDP is available in an accompanying layer. GDP as a measure has been largely criticized as an incomplete measure of productivity and wealth, as it does not take into account production in the informal economy, quality of life, degradation to the environment, or income distribution. However, GDP is an internationally comparable measure, used in everything from banks setting interest rates to political campaign speeches.Source: World Bank, World Development Indicators.

Graph and download economic data for Constant GDP per capita for the World (NYGDPPCAPKDWLD) from 1960 to 2023 about World, per capita, real, and GDP.

The Gross Domestic Product (GDP) in Chile was worth 335.53 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Chile represents 0.32 percent of the world economy. This dataset provides - Chile GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Gross Domestic Product: Private Services-Providing Industries in Blue Earth County, MN (REALGDPSERV27013) from 2001 to 2023 about Blue Earth County, MN; Mankato; services-providing; MN; private; real; industry; GDP; and USA.

The Gross Domestic Product (GDP) in Azerbaijan was worth 72.36 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Azerbaijan represents 0.07 percent of the world economy. This dataset provides - Azerbaijan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product Per Capita for World (NYGDPPCAPCDWLD) from 1960 to 2023 about per capita and GDP.

This statistic shows the growth of the real gross domestic product (GDP) in selected world regions from 2021 to 2024. According to the forecast, the GDP in the developed economies will grow by 2.7 percent in 2024, compared to the previous year.

In the distributed global GDP dataset sub-national GRP and national GDP data are allocated to 30 arc second (approximately 1km) grid cells in proportion to the population residing in that cell. The method also distinguishes between rural and urban population, assuming the latter to have a higher GDP per capita. Input data are from 1) a global time-series dataset of GDP, with subnational gross regional product (GRP) for 74 countries, compiled by the World Bank Development Economics Research Group (DECRG). 2) Gridded population projections for the year 2009, based on a population grid for the year 2005 provided by LandScanTM Global Population Database (Oak Ridge, TN: Oak Ridge National Laboratory). This dataset has been extrapolated to year 2010 by UNEP/GRID-Geneva. Unit is estimated value of production per cell, in thousand of constant 2000 USD. Cell level anomalies may occur due to poor alignment of multiple input data sources, and it is strongly recommended that users attempt to verify information, or consult original sources, in order to determine suitability for a particular application. This product was compiled by DECRG for the Global Assessment Report on Risk Reduction (GAR). It was modeled using global data. Credit: GIS processing World Bank DECRG, Washington, DC, extrapolation UNEP/GRID-Geneva.

Graph and download economic data for Gross Domestic Product for China (MKTGDPCNA646NWDB) from 1960 to 2023 about China and GDP.

Graph and download economic data for Gross Domestic Product Per Capita for the Arab World (NYGDPPCAPCDARB) from 1961 to 2023 about Arab World, per capita, and GDP.

The Gross Domestic Product (GDP) in Myanmar was worth 66.76 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Myanmar represents 0.06 percent of the world economy. This dataset provides - Myanmar GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.