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.

The statistic shows the 20 countries with the largest proportion of the global gross domestic product (GDP) based on Purchasing Power Parity (PPP) in 2023. In 2023, Germany had an estimated share of about 3.15 percent of the global GDP.

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 the Euro Area was worth 15780.69 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Euro Area represents 14.97 percent of the world economy. This dataset provides the latest reported value for - Euro Area GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

The Gross Domestic Product (GDP) in the United States was worth 27720.71 billion US dollars in 2023, according to official data from the World Bank. The GDP value of the United States represents 26.29 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Italy IT: GDP data was reported at 1,716,934.700 EUR mn in 2017. This records an increase from the previous number of 1,680,948.100 EUR mn for 2016. Italy IT: GDP data is updated yearly, averaging 626,620.681 EUR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,716,934.700 EUR mn in 2017 and a record low of 13,014.646 EUR mn in 1960. Italy IT: GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Key information about Georgia Nominal GDP Growth

• Georgia Nominal GDP Growth was reported at 15.756 % in Sep 2024.
• This records an increase from the previous number of 13.835 % for Jun 2024.
• Georgia Nominal GDP Growth data is updated quarterly, averaging 11.986 % from Mar 1997 to Sep 2024, with 111 observations.
• The data reached an all-time high of 39.566 % in Jun 2021 and a record low of -13.539 % in Jun 2009.
• Georgia Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The National Statistics Office of Georgia provides Nominal GDP in local currency based on SNA 2008. Nominal GDP Growth prior to Q1 2011 is calculated from Nominal GDP based on SNA 1993.

Dominican Republic DO: GDP: PPP data was reported at 172,590.926 Intl $ mn in 2017. This records an increase from the previous number of 162,159.172 Intl $ mn for 2016. Dominican Republic DO: GDP: PPP data is updated yearly, averaging 63,944.355 Intl $ mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 172,590.926 Intl $ mn in 2017 and a record low of 25,430.152 Intl $ mn in 1990. Dominican Republic DO: GDP: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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 international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; Gap-filled total;

The Global 15x15 Minute Grids of the Downscaled GDP Based on the Special Report on Emissions Scenarios (SRES) B2 Scenario, 1990 and 2025, are geospatial distributions of Gross Domestic Product (GDP) per Unit area (GDP densities). These global grids were generated using the Country-level GDP and Downscaled Projections Based on the SRES B2 Scenario, 1990-2100 data set, and CIESIN's Gridded Population of World, Version 2 (GPWv2) data set as the base map. First, the GDP per capita was developed at a country-level for 1990 and 2025. Then the gridded GDP was developed within each country by applying the GDP per capita to each grid cell of the GPW, under the assumption that the GDP per capita was uniform within a country. This data set is produced and distributed by the Columbia University Center for International Earth Science Information Network (CIESIN).

Burkina Faso BF: GDP: % of GDP: Gross Value Added: Industry data was reported at 29.963 % in 2020. This records an increase from the previous number of 25.580 % for 2019. Burkina Faso BF: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 21.451 % from Dec 1960 (Median) to 2020, with 61 observations. The data reached an all-time high of 29.963 % in 2020 and a record low of 17.856 % in 1998. Burkina Faso BF: GDP: % of GDP: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Burkina Faso – Table BF.World Bank.WDI: Gross Domestic Product: Share of GDP. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

San Marino GDP: PPP:(GDP) Gross Domestic Productper Capita data was reported at 62,425.633 Intl $ in 2017. This records an increase from the previous number of 60,932.930 Intl $ for 2016. San Marino GDP: PPP:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 63,955.500 Intl $ from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 87,503.959 Intl $ in 2008 and a record low of 49,348.941 Intl $ in 1997. San Marino GDP: PPP:(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s San Marino – Table SM.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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 international dollars based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; Weighted average;

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. This dataset provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

United States US: Final Consumption Expenditure: % of GDP data was reported at 83.100 % in 2016. This records an increase from the previous number of 82.500 % for 2015. United States US: Final Consumption Expenditure: % of GDP data is updated yearly, averaging 82.700 % from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 85.200 % in 2011 and a record low of 81.500 % in 1997. United States US: Final Consumption Expenditure: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF: Contribution to GDP.

The share in the global GDP adjusted for PPP in Brazil was forecast to continuously decrease between 2024 and 2029 by in total 0.1 percentage points. After the fifth consecutive decreasing year, the share is estimated to reach 2.32 percent and therefore a new minimum in 2029. Depicted here is the share of a country's gross domestic product in the global gross domestic product. As the International Monetary Fund describes, the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.Find more statistics on other topics about Brazil with key insights such as the growth of the real the gross domestic product, ratio of the national debt to the gross domestic product, and the gross domestic product in current prices.

The Gross Domestic Product (GDP) in Japan was worth 4204.49 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Japan represents 3.99 percent of the world economy. This dataset provides - Japan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Vietnam was worth 429.72 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Vietnam represents 0.41 percent of the world economy. This dataset provides the latest reported value for - Vietnam GDP - 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 Iran was worth 404.63 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Iran represents 0.38 percent of the world economy. This dataset provides - Iran GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Azerbaijan Nominal GDP Growth

• Azerbaijan Nominal GDP Growth was reported at 5.817 % in Sep 2024.
• This records an increase from the previous number of 2.544 % for Jun 2024.
• Azerbaijan Nominal GDP Growth data is updated quarterly, averaging 13.359 % from Mar 2002 to Sep 2024, with 91 observations.
• The data reached an all-time high of 67.277 % in Mar 2007 and a record low of -22.916 % in Mar 2009.
• Azerbaijan Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The State Statistical Committee of the Republic of Azerbaijan provides Nominal GDP in local currency.