The statistic shows global gross domestic product (GDP) from 1985 to 2024, with projections up until 2030. In 2020, global GDP amounted to about 85.76 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.

The Gross Domestic Product (GDP) in World was worth 111326.37 billion US dollars in 2024, according to official data from the World Bank. This dataset includes a chart with historical data for World GDP.

Global real gross domestic product (GDP) growth is estimated to remain around ***** percent until 2025. While the increase is expected to be only *** percent in the Euro Area in 2024, it is estimated to grow by over **** percent in emerging and developing Asia.

GDP (current US$) in World was reported at 111326370011523 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The statistic displays the global gross domestic product (GDP) per capita from 2013 to 2023. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2023, global GDP per capita amounted to about 13,169.6 U.S. dollars. Gross domestic product and global economy The global economy suffered a major impact with the global financial crisis of 2008 but after a drop in global gross domestic product (GDP) per capita in 2009, the global economy recovered and reached record-high GDP per capita prices in 2013. Global GDP per capita has doubled over the past decade. Gross domestic product of industrial countries and emerging and developing countries combined is greater than GDP of all the other selected global regions combined, indicating economic prosperity and recovery despite some financial backsets. In the main industrialized and emerging countries, gross domestic product per capita is highest for the United States, followed by Germany and France. In the European Union, despite the financial crisis of 2008, GDP per capita has improved significantly. Another member of the European Union, Luxembourg, even reports the largest GDP per capita worldwide, followed by non-EU members Norway and Qatar.

The average for 2023 based on 188 countries was 0.53 percent. The highest value was in the USA: 26.3 percent and the lowest value was in Andorra: 0 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

The USA: Percent of world GDP: The latest value from 2023 is 26.3 percent, an increase from 25.73 percent in 2022. In comparison, the world average is 0.53 percent, based on data from 188 countries. Historically, the average for the USA from 1980 to 2023 is 26.89 percent. The minimum value, 21.2 percent, was reached in 2011 while the maximum of 35.32 percent was recorded in 1985.

Full Year GDP Growth in World increased to 3.20 percent in 2024 from 2.80 percent in 2023. This dataset includes a chart with historical data for World Full Year GDP Growth.

Graph and download economic data for Gross Domestic Product for World (NYGDPMKTPCDWLD) from 1960 to 2024 about , and 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.

Key information about United States Nominal GDP

• United States Nominal GDP reached 6,621.6 USD bn in Mar 2023, compared with 6,534.5 USD bn in the previous quarter.
• Nominal GDP in US is updated quarterly, available from Mar 1947 to Mar 2023, with an average number of 1,057.5 USD bn.
• The data reached an all-time high of 6,621.6 USD bn in Mar 2023 and a record low of 60.8 USD bn in Mar 1947.

• In the latest reports, US GDP expanded 1.6 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.4 % in Mar 2023.
• US GDP Per Capita reached 59,484.0 USD in Dec 2017.
• Its Gross Savings Rate was measured at 15.9 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 20.7 % in Mar 2023.
• Public Consumption accounted for 14.1 % in Mar 2023.
• Private Consumption accounted for 67.9 % in Mar 2023.

Agriculture, forestry, and fishing, value added (% of GDP) in World was reported at 4.1031 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - Agriculture, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Ukraine: Percent of world GDP: The latest value from 2023 is 0.17 percent, an increase from 0.16 percent in 2022. In comparison, the world average is 0.53 percent, based on data from 188 countries. Historically, the average for Ukraine from 1987 to 2023 is 0.21 percent. The minimum value, 0.1 percent, was reached in 1999 while the maximum of 0.42 percent was recorded in 1989.

South Korea: Percent of world GDP: The latest value from 2023 is 1.62 percent, a decline from 1.66 percent in 2022. In comparison, the world average is 0.53 percent, based on data from 188 countries. Historically, the average for South Korea from 1980 to 2023 is 1.54 percent. The minimum value, 0.61 percent, was reached in 1980 while the maximum of 2.05 percent was recorded in 2006.

Trade (% of GDP) in World was reported at 56.56 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Gross domestic product (GDP) growth rates are expected to slow in most world regions in 2023. Particularly the euro area and the European Union will be hit by slowing growth rates, falling from more than ***** percent in 2022 to only *** percent in 2023. These regions have been hit particularly hard by the high inflation rates and electricity prices through 2022 and 2023. On the other hand, the growth rate was forecast to increase from *** to *** percent in emerging and developing Asia.

Italy: Percent of world GDP: The latest value from 2023 is 2.19 percent, an increase from 2.08 percent in 2022. In comparison, the world average is 0.53 percent, based on data from 188 countries. Historically, the average for Italy from 1980 to 2023 is 3.63 percent. The minimum value, 2.08 percent, was reached in 2022 while the maximum of 5.29 percent was recorded in 1991.

We have extended the time series of global GDP based on Version 5 at https://zenodo.org/record/5880037#.Yyx4lsi5fRQ, which makes the following changes:

a) includes annual global GDP from 2000 - 2020, the unit is PPP 2005 international dollars.

b) updates the GDP projections for the period 2025 - 2100 at five-year intervals under five SSPs, and the unit is PPP 2005 international dollars, which allows for comparsion against the historical values mention above.

This dataset consists of a total of 101 tif images with spatial resolutions of 1 km (in 7 zip files) and 0.25-degree, respectively. The gridded GDP are distributed over land, with Antarctica, oceans, and some non-illuminated or depopulated areas marked as zero. The spatial extents are 90S - 90N and 180E - 180W in standard WGS84 coordinate system.

For more details, please refer to the article: Global gridded GDP data set consistent with the shared socioeconomic pathways that is consistent with Version 5 (GDP unit is PPP 2005 U.S. dollars).

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.

Sweden: Percent of world GDP: The latest value from 2023 is 0.56 percent, a decline from 0.57 percent in 2022. In comparison, the world average is 0.53 percent, based on data from 188 countries. Historically, the average for Sweden from 1980 to 2023 is 0.85 percent. The minimum value, 0.56 percent, was reached in 2023 while the maximum of 1.31 percent was recorded in 1980.