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 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.

The coronavirus (COVID-19) pandemic, has had a significant impact on the global economy. In 2020, global Gross Domestic Product (GDP) decreased by 3.4 percent, while the forecast initially was 2.9 percent GDP growth. As the world's governments are working towards a fast economic recovery, the GDP increased again in 2021 by 5.8 percent. Global GDP increased by over three percent in 2022, but it is still not clear to what extent Russia's war in Ukraine will impact the global economy. Global GDP growth is expected to slow somewhat in 2023.

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.

This statistic shows share of selected global regions in the gross domestic product (GDP), adjusted for purchasing power, in 2024. That year, the share of industrialized countries in the global gross domestic product (GDP) was approximately 39.9 percent.

The gross domestic product (GDP) in emerging markets and developing economies was forecast to grow by almost four percent in 2025 compared to the previous year. The expected growth rate was higher than that for advanced economies, which was forecast at 1.8 percent relative to 2024.

The Gross Domestic Product (GDP) in China was worth 17794.78 billion US dollars in 2023, according to official data from the World Bank. The GDP value of China represents 16.88 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Gross Domestic Product (GDP): Year to Date: Zhejiang data was reported at 9,013.100 RMB bn in Dec 2024. This records an increase from the previous number of 6,261.800 RMB bn for Sep 2024. Gross Domestic Product (GDP): Year to Date: Zhejiang data is updated quarterly, averaging 1,465.364 RMB bn from Dec 1992 (Median) to Dec 2024, with 107 observations. The data reached an all-time high of 9,013.100 RMB bn in Dec 2024 and a record low of 127.012 RMB bn in Mar 2000. Gross Domestic Product (GDP): Year to Date: Zhejiang data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: by Province: Quarterly.

Key information about Jordan Nominal GDP Growth

• Jordan Nominal GDP Growth was reported at 4.600 % in Sep 2024.
• This records an increase from the previous number of 3.975 % for Jun 2024.
• Jordan Nominal GDP Growth data is updated quarterly, averaging 6.364 % from Mar 1993 to Sep 2024, with 127 observations.
• The data reached an all-time high of 35.849 % in Sep 2008 and a record low of -5.102 % in Jun 2020.
• Jordan 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.

GDP: Heilongjiang: Heihe data was reported at 71.140 RMB bn in 2024. This records an increase from the previous number of 71.130 RMB bn for 2023. GDP: Heilongjiang: Heihe data is updated yearly, averaging 21.492 RMB bn from Dec 1991 (Median) to 2024, with 32 observations. The data reached an all-time high of 71.140 RMB bn in 2024 and a record low of 0.442 RMB bn in 1991. GDP: Heilongjiang: Heihe data remains active status in CEIC and is reported by Heihe Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City.

The Gross Domestic Product (GDP) in Georgia was worth 30.78 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Georgia represents 0.03 percent of the world economy. This dataset provides the latest reported value for - Georgia 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 Panama was worth 83.32 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Panama represents 0.08 percent of the world economy. This dataset provides - Panama GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Merchandise trade (% of GDP) in World was reported at 45.53 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - Merchandise trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

The Gross Domestic Product (GDP) in Palestine was worth 17.40 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Palestine represents 0.02 percent of the world economy. This dataset provides - Palestine GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in the United Kingdom was worth 3380.85 billion US dollars in 2023, according to official data from the World Bank. The GDP value of the United Kingdom represents 3.21 percent of the world economy. This dataset provides the latest reported value for - United Kingdom GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Latvia Nominal GDP Growth

• Latvia Nominal GDP Growth was reported at 2.787 % in Dec 2024.
• This records a decrease from the previous number of 2.820 % for Sep 2024.
• Latvia Nominal GDP Growth data is updated quarterly, averaging 8.898 % from Mar 1996 to Dec 2024, with 116 observations.
• The data reached an all-time high of 36.086 % in Mar 2007 and a record low of -25.307 % in Sep 2009.
• Latvia 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: Seasonally Adjusted.

Global real gross domestic product (GDP) growth is estimated to remain around three percent until 2025. While the increase is expected to be only 0.8 percent in the Euro Area in 2024, it is estimated to grow by over five percent in emerging and developing Asia.

Key information about Netherlands Nominal GDP Growth

• Netherlands Nominal GDP Growth was reported at 6.420 % in Dec 2024.
• This records an increase from the previous number of 5.988 % for Sep 2024.
• Netherlands Nominal GDP Growth data is updated quarterly, averaging 4.823 % from Mar 1989 to Dec 2024, with 144 observations.
• The data reached an all-time high of 15.136 % in Jun 2021 and a record low of -6.916 % in Jun 2020.
• Netherlands 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: Seasonally Adjusted.

GDP, PPP (current international $) in France was reported at 3982377923515 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. France - GDP, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.