100+ datasets found
  1. Countries with the largest gross domestic product (GDP) 2025

    • statista.com
    • ai-chatbox.pro
    Updated May 28, 2025
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    Statista (2025). Countries with the largest gross domestic product (GDP) 2025 [Dataset]. https://www.statista.com/statistics/268173/countries-with-the-largest-gross-domestic-product-gdp/
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    Dataset updated
    May 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Worldwide
    Description

    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.

  2. Countries with the largest proportion of global gross domestic product (GDP)...

    • ai-chatbox.pro
    • statista.com
    Updated May 30, 2025
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    Aaron O'Neill (2025). Countries with the largest proportion of global gross domestic product (GDP) 2023 [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F1467%2Fglobal-economy%2F%23XgboD02vawLbpWJjSPEePEUG%2FVFd%2Bik%3D
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    Dataset updated
    May 30, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Aaron O'Neill
    Description

    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.

  3. G

    Percent of world GDP by country, around the world | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Nov 18, 2016
    + more versions
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    Globalen LLC (2016). Percent of world GDP by country, around the world | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_share/
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    xml, excel, csvAvailable download formats
    Dataset updated
    Nov 18, 2016
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1980 - Dec 31, 2023
    Area covered
    World, World
    Description

    The average for 2023 based on 184 countries was 0.54 percent. The highest value was in the USA: 26.47 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.

  4. Biggest economies in the world, based on share in PPP weighted world GDP...

    • statista.com
    • ai-chatbox.pro
    Updated Jun 30, 2025
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    Statista (2025). Biggest economies in the world, based on share in PPP weighted world GDP 2023 [Dataset]. https://www.statista.com/statistics/1403678/share-of-world-gdp-by-country/
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    Dataset updated
    Jun 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2025
    Area covered
    India, Russia, United States
    Description

    The size of the five original BRICS economies in 2023 - Brazil, Russia, China, India, South Africa - is comparable to the United States and the EU-27 put together. On a PPP (purchasing power parity) basis, China ranks as the world's largest economy. India takes up the economic parity of about **** the EU-27. The rise of these developing economies gave rise to questions on the role the United States plays in international trade and cross-border finance. FX reserve managers around the world expect to shift their holdings towards the Chinese yuan in the long term, as of 2023.

  5. G

    GDP per capita, constant dollars in | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Mar 6, 2018
    + more versions
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    Globalen LLC (2018). GDP per capita, constant dollars in | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_constant_dollars/1000/
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    xml, csv, excelAvailable download formats
    Dataset updated
    Mar 6, 2018
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2023
    Area covered
    World
    Description

    The average for 2023 based on 180 countries was 14679.8 U.S. dollars. The highest value was in Luxembourg: 105996.66 U.S. dollars and the lowest value was in Burundi: 262.17 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

  6. T

    GDP by Country Dataset

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 29, 2011
    + more versions
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    TRADING ECONOMICS (2011). GDP by Country Dataset [Dataset]. https://tradingeconomics.com/country-list/gdp
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    csv, json, xml, excelAvailable download formats
    Dataset updated
    Jun 29, 2011
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    World
    Description

    This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  7. T

    GDP by Country in AMERICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 30, 2017
    + more versions
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    TRADING ECONOMICS (2017). GDP by Country in AMERICA [Dataset]. https://tradingeconomics.com/country-list/gdp?continent=america
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    csv, excel, xml, jsonAvailable download formats
    Dataset updated
    May 30, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    United States
    Description

    This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  8. T

    GDP by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Mar 15, 2025
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    TRADING ECONOMICS (2025). GDP by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gdp?continent=africa
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    xml, json, csv, excelAvailable download formats
    Dataset updated
    Mar 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Africa
    Description

    This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  9. Z

    Global Country Information 2023

    • data.niaid.nih.gov
    • zenodo.org
    Updated Jun 15, 2024
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    Elgiriyewithana, Nidula (2024). Global Country Information 2023 [Dataset]. https://data.niaid.nih.gov/resources?id=zenodo_8165228
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    Dataset updated
    Jun 15, 2024
    Dataset authored and provided by
    Elgiriyewithana, Nidula
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    Description

    This comprehensive dataset provides a wealth of information about all countries worldwide, covering a wide range of indicators and attributes. It encompasses demographic statistics, economic indicators, environmental factors, healthcare metrics, education statistics, and much more. With every country represented, this dataset offers a complete global perspective on various aspects of nations, enabling in-depth analyses and cross-country comparisons.

    Key Features

    Country: Name of the country.

    Density (P/Km2): Population density measured in persons per square kilometer.

    Abbreviation: Abbreviation or code representing the country.

    Agricultural Land (%): Percentage of land area used for agricultural purposes.

    Land Area (Km2): Total land area of the country in square kilometers.

    Armed Forces Size: Size of the armed forces in the country.

    Birth Rate: Number of births per 1,000 population per year.

    Calling Code: International calling code for the country.

    Capital/Major City: Name of the capital or major city.

    CO2 Emissions: Carbon dioxide emissions in tons.

    CPI: Consumer Price Index, a measure of inflation and purchasing power.

    CPI Change (%): Percentage change in the Consumer Price Index compared to the previous year.

    Currency_Code: Currency code used in the country.

    Fertility Rate: Average number of children born to a woman during her lifetime.

    Forested Area (%): Percentage of land area covered by forests.

    Gasoline_Price: Price of gasoline per liter in local currency.

    GDP: Gross Domestic Product, the total value of goods and services produced in the country.

    Gross Primary Education Enrollment (%): Gross enrollment ratio for primary education.

    Gross Tertiary Education Enrollment (%): Gross enrollment ratio for tertiary education.

    Infant Mortality: Number of deaths per 1,000 live births before reaching one year of age.

    Largest City: Name of the country's largest city.

    Life Expectancy: Average number of years a newborn is expected to live.

    Maternal Mortality Ratio: Number of maternal deaths per 100,000 live births.

    Minimum Wage: Minimum wage level in local currency.

    Official Language: Official language(s) spoken in the country.

    Out of Pocket Health Expenditure (%): Percentage of total health expenditure paid out-of-pocket by individuals.

    Physicians per Thousand: Number of physicians per thousand people.

    Population: Total population of the country.

    Population: Labor Force Participation (%): Percentage of the population that is part of the labor force.

    Tax Revenue (%): Tax revenue as a percentage of GDP.

    Total Tax Rate: Overall tax burden as a percentage of commercial profits.

    Unemployment Rate: Percentage of the labor force that is unemployed.

    Urban Population: Percentage of the population living in urban areas.

    Latitude: Latitude coordinate of the country's location.

    Longitude: Longitude coordinate of the country's location.

    Potential Use Cases

    Analyze population density and land area to study spatial distribution patterns.

    Investigate the relationship between agricultural land and food security.

    Examine carbon dioxide emissions and their impact on climate change.

    Explore correlations between economic indicators such as GDP and various socio-economic factors.

    Investigate educational enrollment rates and their implications for human capital development.

    Analyze healthcare metrics such as infant mortality and life expectancy to assess overall well-being.

    Study labor market dynamics through indicators such as labor force participation and unemployment rates.

    Investigate the role of taxation and its impact on economic development.

    Explore urbanization trends and their social and environmental consequences.

  10. T

    Japan GDP

    • tradingeconomics.com
    • tr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Japan GDP [Dataset]. https://tradingeconomics.com/japan/gdp
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    xml, json, csv, excelAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    Japan
    Description

    The Gross Domestic Product (GDP) in Japan was worth 4026.21 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Japan represents 3.79 percent of the world economy. This dataset provides - Japan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  11. Gross domestic product of G20 countries 2023 and 2027

    • statista.com
    • ai-chatbox.pro
    Updated Jun 23, 2025
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    Statista (2025). Gross domestic product of G20 countries 2023 and 2027 [Dataset]. https://www.statista.com/statistics/722944/g20-country-gdp-levels/
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    Dataset updated
    Jun 23, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Oct 2024
    Area covered
    Worldwide
    Description

    The gross domestic product (GDP) of the United States amounted to **** trillion U.S. dollars in 2023, making it the largest economy in the G20 and the largest worldwide. China was the second largest economy in that year, with a GDP valued at **** trillion U.S. dollars. It is worth noticing that while the U.S. GDP was forecast to increase by around **** trillion U.S. dollars until 2027, China's GDP is forecast to grow by around *** trillion U.S. dollars in the same time.

  12. G

    Exports, percent of GDP by country, around the world | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Apr 21, 2015
    + more versions
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    Globalen LLC (2015). Exports, percent of GDP by country, around the world | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/exports/
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    excel, csv, xmlAvailable download formats
    Dataset updated
    Apr 21, 2015
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2023
    Area covered
    World, World
    Description

    The average for 2023 based on 154 countries was 45.64 percent. The highest value was in Luxembourg: 212.53 percent and the lowest value was in Sudan: 1.11 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

  13. G

    Percent of world GDP in G7 | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Feb 21, 2021
    + more versions
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    Globalen LLC (2021). Percent of world GDP in G7 | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_share/G7/
    Explore at:
    xml, excel, csvAvailable download formats
    Dataset updated
    Feb 21, 2021
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1980 - Dec 31, 2023
    Area covered
    World, World
    Description

    The average for 2023 based on 7 countries was 6.46 percent. The highest value was in the USA: 26.47 percent and the lowest value was in Canada: 2.05 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

  14. T

    South Korea GDP

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 15, 2024
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    TRADING ECONOMICS (2024). South Korea GDP [Dataset]. https://tradingeconomics.com/south-korea/gdp
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    xml, csv, excel, jsonAvailable download formats
    Dataset updated
    Jul 15, 2024
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2023
    Area covered
    South Korea
    Description

    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.

  15. GDP of Italy 2010-2023

    • ai-chatbox.pro
    • statista.com
    Updated Jun 3, 2025
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    Lorenzo Macchi (2025). GDP of Italy 2010-2023 [Dataset]. https://www.ai-chatbox.pro/?_=%2Fstudy%2F39226%2Fkey-economic-indicators-of-italy-statista-dossier%2F%23XgboD02vawLbpWJjSPEePEUG%2FVFd%2Bik%3D
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    Dataset updated
    Jun 3, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Lorenzo Macchi
    Area covered
    Italy
    Description

    Italy's Gross Domestic Product (GDP) amounted to 2.13 trillion euros in 2023. The Italian economy grew at low rates between 2010 and 2019, and significantly shrank in 2020 following the consequences of the pandemic on the global economy. However, since 2021, GDP recorded a steady uprise, with remarkably higher growth rates compared to the pre-pandemic period. A difficult outlook for the Italian economy Besides the positive performance recorded right after the COVID-19 pandemic, projections indicate a different outlook. The slow growth of the Italian economy, less than one percent each year from 2024 to 2029, is believed to remove Italy from the giants of the global players. Indeed, by 2028, the ranking of the world's largest economies might appear quite different from the present one. In addition to slow growth, Italy's economy is characterized by large internal disparities. After 160 years of national unity, the country is economically still very divided, as data on unemployment, GDP, and poverty confirm. National debt: Italy's most difficult challenge Italy still ranges among the top-20 largest economies in the world. However, the large amount of the national debt risks hampering future growth. In 2023, it reached 134 percent of the GDP, equivalent to 3.1 trillion U.S. dollars, and forecasts expect figures to increase over the coming years. By 2029, the debt-to-GDP ratio may hit 145 percent. A large amount of national debt significantly limits the government's possibility to earmark resources for public investments. In fact, a considerable share of the state budget is devoted to reimbursing the debt.

  16. T

    United States GDP

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, United States GDP [Dataset]. https://tradingeconomics.com/united-states/gdp
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    xml, excel, json, csvAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    United States
    Description

    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.

  17. T

    Iran GDP

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Iran GDP [Dataset]. https://tradingeconomics.com/iran/gdp
    Explore at:
    excel, xml, csv, jsonAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    Iran
    Description

    The Gross Domestic Product (GDP) in Iran was worth 436.91 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Iran represents 0.41 percent of the world economy. This dataset provides - Iran GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  18. M

    Data from: U.S. GDP

    • macrotrends.net
    csv
    Updated Jun 30, 2025
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    MACROTRENDS (2025). U.S. GDP [Dataset]. https://www.macrotrends.net/global-metrics/countries/usa/united-states/gdp-gross-domestic-product
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    csvAvailable download formats
    Dataset updated
    Jun 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1960 - Dec 31, 2023
    Area covered
    United States
    Description

    Historical chart and dataset showing U.S. GDP by year from 1960 to 2023.

  19. National debt of Brazil in relation to gross domestic product (GDP) 2030

    • statista.com
    • ai-chatbox.pro
    Updated May 26, 2025
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    Statista (2025). National debt of Brazil in relation to gross domestic product (GDP) 2030 [Dataset]. https://www.statista.com/statistics/271041/national-debt-of-brazil-in-relation-to-gross-domestic-product-gdp/
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    Dataset updated
    May 26, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Brazil
    Description

    This statistic shows the national debt of Brazil from 2020 to 2023 in relation to the gross domestic product (GDP), with projections up until 2030. The figures refer to the whole country and include the debts of the state, the communities, the municipalities and the social insurances. In 2023, the national debt of Brazil amounted to approximately 84 percent of the GDP. Brazil's economy Brazil has one of the largest economies in the world by gross domestic product ) and Purchasing Power Parity. In 2014, the Brazil's gross domestic product amounted to around 2.24 trillion U.S. dollars. However, it is estimated that by 2030, Brazil will have the fourth highest gross domestic product in the world. In 2014, the United States reported the largest gross domestic product worldwide. However, the estimated national debt of the United States in 2014 was over 105 percent of the gross domestic product, while the estimated national debt of Brazil was approximately 66 percent the same year. Even though the national debt of Brazil has slightly decreased over the last decade, it still remains relatively high. A country's national debt refers to the whole country and includes the debts of the state, the communities, the municipalities and the social insurances. In Brazil, the high national debt is also due to country's trade deficit. In 2013, Brazil’s trade deficit amounted to an estimated 3.3 percent of the GDP, adding up to approximately 8.3 billion U.S. dollars in total.

  20. GDP APAC 2024, by country

    • statista.com
    • ai-chatbox.pro
    Updated Jun 10, 2025
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    GDP APAC 2024, by country [Dataset]. https://www.statista.com/statistics/632149/asia-pacific-gross-domestic-product-by-country/
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    Dataset updated
    Jun 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    Asia–Pacific
    Description

    In 2024, China's gross domestic product amounted to approximately ***** trillion U.S. dollars, which was the highest GDP across the Asia-Pacific region. Japan followed with a GDP of around **** trillion dollars.  China, Asia-Pacific's titan The significance of the Asia-Pacific region to the world is multifaceted, ranging from geopolitical importance to being home to more than half of the world's population. Characterized by emerging countries and dynamic economic activities, the region plays a key role in the global economy. China, the most populous country after India, and the second largest economy on the planet, accounted for about half of the total gross domestic product (GDP) in APAC as of 2023. The GDP growth in China was characterized by high rates for decades. Following the COVID-19 pandemic, the country has struggled to catch up with the previous level of growth rates and was forecast to stay at more modest real GDP growth rates in the coming years.  A new paradigm of development in the Asia-Pacific region Even though the Asia-Pacific region has made significant economic improvements in the last decades, from a developmental perspective, tackling existing socio-economic issues will be critical for future growth. An aspect worth mentioning is the GDP per capita in the region. EU countries, for example, had about ***** times as much GDP per capita compared to East Asia and the Pacific region in 2022. China has been working towards changing its economic focus to high-tech and service sectors while reducing its concentration on agriculture.

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Statista (2025). Countries with the largest gross domestic product (GDP) 2025 [Dataset]. https://www.statista.com/statistics/268173/countries-with-the-largest-gross-domestic-product-gdp/
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Countries with the largest gross domestic product (GDP) 2025

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81 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
May 28, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2025
Area covered
Worldwide
Description

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.

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