World GDP for 2023 was 100.000 trillion US dollars, a 0% increase from 2022.

<ul style='margin-top:20px;'>

<li>World GDP for 2022 was <strong>100.000 trillion US dollars</strong>, a <strong>2.2% increase</strong> from 2021.</li>
<li>World GDP for 2021 was <strong>97.848 trillion US dollars</strong>, a <strong>14.09% increase</strong> from 2020.</li>
<li>World GDP for 2020 was <strong>85.763 trillion US dollars</strong>, a <strong>2.71% decline</strong> from 2019.</li>
</ul>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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 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 Russia'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.

The Gross Domestic Product (GDP) in the United States contracted 0.50 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in the United States was worth 29184.89 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United States represents 27.49 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

World gdp growth rate for 2023 was 2.83%, a 0.4% decline from 2022.

<ul style='margin-top:20px;'>

<li>World gdp growth rate for 2022 was <strong>3.24%</strong>, a <strong>3.11% decline</strong> from 2021.</li>
<li>World gdp growth rate for 2021 was <strong>6.35%</strong>, a <strong>9.23% increase</strong> from 2020.</li>
<li>World gdp growth rate for 2020 was <strong>-2.88%</strong>, a <strong>5.55% decline</strong> from 2019.</li>
</ul>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.

Key information about Norway Real GDP Growth

• The Gross Domestic Product (GDP) in Norway expanded 1.8 % YoY in Dec 2022, following a growth of 2.3 % in the previous quarter.
• Real GDP Growth YoY data in Norway is updated quarterly, available from Mar 1979 to Dec 2022, with an average rate of 2.3 %.
• The data reached an all-time high of 10.7 % in Mar 1980 and a record low of -5.3 % in Jun 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. Statistics Norway provides Real GDP in local currency, at chain linked 2020 prices.


Related information about Norway Real GDP Growth

• In the latest reports, Nominal GDP of Norway reached 133.7 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 10.2 % in Dec 2022.
• GDP Per Capita in Norway reached 89,114.7 USD in Dec 2021.
• Its Gross Savings Rate was measured at 45.6 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 22.4 % in Dec 2022.
• Public Consumption accounted for 18.8 % in Dec 2022.
• Private Consumption accounted for 35.6 % in Dec 2022.

Based on IMF forecasts from October 2023, the real GDP growth in industrial countries will slow in 2023, only growing by *** percent. This is because of the impact of the high global inflation rates. On the other hand, the GDP of emerging and developing countries is expected to grow by around **** percent both in 2022, 2023, and 2024.

U.S. gdp growth rate for 2023 was 2.89%, a 0.38% increase from 2022.

<ul style='margin-top:20px;'>

<li>U.S. gdp growth rate for 2022 was <strong>2.51%</strong>, a <strong>3.54% decline</strong> from 2021.</li>
<li>U.S. gdp growth rate for 2021 was <strong>6.06%</strong>, a <strong>8.22% increase</strong> from 2020.</li>
<li>U.S. gdp growth rate for 2020 was <strong>-2.16%</strong>, a <strong>4.75% decline</strong> from 2019.</li>
</ul>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.

Mexico GDP for 2023 was 1.789 trillion US dollars, a 22.18% increase from 2022.

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<li>Mexico GDP for 2022 was <strong>1.464 trillion US dollars</strong>, a <strong>11.22% increase</strong> from 2021.</li>
<li>Mexico GDP for 2021 was <strong>1.317 trillion US dollars</strong>, a <strong>17.44% increase</strong> from 2020.</li>
<li>Mexico GDP for 2020 was <strong>1.121 trillion US dollars</strong>, a <strong>14.04% decline</strong> from 2019.</li>
</ul>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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Historical chart and dataset showing World GDP per capita by year from 1960 to 2023.

The Gross Domestic Product per capita in Monaco was last recorded at 228667.94 US dollars in 2022. The GDP per Capita in Monaco is equivalent to 1811 percent of the world's average. This dataset provides the latest reported value for - Monaco GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross domestic product (GDP) of California was about 3.23 trillion U.S. dollars in 2023, 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 35.07 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.

Key information about Ukraine Real GDP Growth

• The Gross Domestic Product (GDP) in Ukraine contracted 31.4 % YoY in Dec 2022, following a negative growth of 30.6 % in the previous quarter.
• Real GDP Growth YoY data in Ukraine is updated quarterly, available from Mar 2002 to Dec 2022, with an average rate of 3.2 %.
• The data reached an all-time high of 14.0 % in Sep 2004 and a record low of -36.9 % in Jun 2022.

CEIC extends history for quarterly Real GDP growth. The State Statistics Service of Ukraine provides Real GDP Growth at 2010 prices, based on SNA 2008. Real GDP Growth prior to Q1 2011 is at 2007 prices, based on SNA 1993.


Related information about Ukraine Real GDP Growth

• In the latest reports, Nominal GDP of Ukraine reached 44.4 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 36.5 % in Dec 2022.
• GDP Per Capita in Ukraine reached 4,827.9 USD in Dec 2021.
• Its Gross Savings Rate was measured at -4.2 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 18.0 % in Dec 2022.
• Public Consumption accounted for 43.4 % in Dec 2022.
• Private Consumption accounted for 60.8 % in Dec 2022.

The Gross Domestic Product (GDP) in China was worth 18743.80 billion US dollars in 2024, according to official data from the World Bank. The GDP value of China represents 17.65 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Georgia Real GDP Growth

• The Gross Domestic Product (GDP) in Georgia expanded 9.7 % YoY in Dec 2022, following a growth of 9.8 % in the previous quarter.
• Real GDP Growth YoY data in Georgia is updated quarterly, available from Mar 1998 to Dec 2022, with an average rate of 5.3 %.
• The data reached an all-time high of 28.8 % in Jun 2021 and a record low of -14.5 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. The National Statistics Office of Georgia provides Real GDP in local currency, at chain linked 2015 prices based on SNA 2008. Real GDP Growth prior to Q1 2011 is calculated from Real GDP at chain linked 2010 prices based on SNA 1993 and prior to Q1 2004 is calculated from Real GDP at chain linked 1996 prices.


Related information about Georgia Real GDP Growth

• In the latest reports, Nominal GDP of Georgia reached 7.5 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 10.0 % in Dec 2022.
• GDP Per Capita in Georgia reached 6,671.9 USD in Dec 2022.
• Its Gross Savings Rate was measured at 25.7 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 18.0 % in Sep 2022.
• Public Consumption accounted for 11.1 % in Sep 2022.
• Private Consumption accounted for 70.8 % in Sep 2022.

The Gross Domestic Product (GDP) in Russia was worth 2173.84 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Russia represents 2.05 percent of the world economy. This dataset provides the latest reported value for - Russia GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Italy GDP for 2023 was 2.301 trillion US dollars, a 9.41% increase from 2022.

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<li>Italy GDP for 2022 was <strong>2.103 trillion US dollars</strong>, a <strong>3.5% decline</strong> from 2021.</li>
<li>Italy GDP for 2021 was <strong>2.179 trillion US dollars</strong>, a <strong>14.25% increase</strong> from 2020.</li>
<li>Italy GDP for 2020 was <strong>1.907 trillion US dollars</strong>, a <strong>5.55% decline</strong> from 2019.</li>
</ul>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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Key information about Jordan Real GDP Growth

• The Gross Domestic Product (GDP) in Jordan expanded 2.8 % YoY in Mar 2023, following a growth of 2.0 % in the previous quarter.
• Real GDP Growth YoY data in Jordan is updated quarterly, available from Mar 1993 to Mar 2023, with an average rate of 3.3 %.
• The data reached an all-time high of 10.6 % in Mar 2007 and a record low of -3.6 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. The Department of Statistics provides Real GDP in local currency based on SNA 2008, at 2016 prices. Real GDP Growth prior to Q1 2009 is calculated from Real GDP based on SNA 1993, at 1994 prices.


Related information about Jordan Real GDP Growth

• In the latest reports, Nominal GDP of Jordan reached 11.5 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 2.6 % in Dec 2022.
• GDP Per Capita in Jordan reached 4,204.4 USD in Dec 2022.
• Its Gross Savings Rate was measured at 1.1 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 18.2 % in Dec 2022.
• Public Consumption accounted for 17.9 % in Dec 2022.
• Private Consumption accounted for 80.9 % in Dec 2022.

The Gross Domestic Product (GDP) in Yemen expanded 1.50 percent in the fourth quarter of 2022 over the same quarter of the previous year. This dataset provides - Yemen GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.