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.

Out of the world's seven largest economies, the United Kingdom was the most negatively affected by the coronavirus (COVID-19) pandemic. During the third quarter of 2020, the GDP growth rate of the UK stood at minus 7.7 percent compared to the previous year. Furthermore, the GDPs of India and Japan were contracted by minus 5.3 percent. Only China experienced a positive GDP growth rate of 4.9 percent during that same period. However, in 2021, all the largest economies worldwide started to recover, with growth rates varying from 1.2 percent (Japan) to over nine percent (India).

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.

Gross domestic product ranking table.

Throughout the Second World War, the United States consistently had the largest gross domestic product (GDP) in the world. Additionally, U.S. GDP grew significantly throughout the war, whereas the economies of Europe and Japan saw relatively little growth, and were often in decline. The impact of key events in the war is also reflected in the trends shown here - the economic declines of France and the Soviet Union coincide with the years of German invasion, while the economies of the three Axis countries experienced their largest declines in the final year of the war.

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

China has seen rapid economic growth over the past decades, overtaking Japan in 2010 as the second largest economy in the world. In 2024, only the United States had a larger gross domestic product (GDP) than China. On the other hand, Japan's economy is struggling amid an aging population, it's GDP decreasing after peaking in 2012.

The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups and in many individual countries.

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.

The gross domestic product of the United Kingdom was around 2.56 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.54 trillion pounds. The significant drop in GDP visible in 2020 was due to the COVID-19 pandemic, with the smaller declines in 2008 and 2009 because of the global financial crisis of the late 2000s. Low growth problem in the UK Despite growing by 0.9 percent in 2024, and 0.4 percent in 2023 the UK economy is not that much larger than it was before the COVID-19 pandemic. Since recovering from a huge fall in GDP in the second quarter of 2020, the UK economy has alternated between periods of contraction and low growth, with the UK even in a recession at the end of 2023. While economic growth picked up somewhat in 2024, GDP per capita is lower than it was in 2022, following two years of negative growth. How big is the UK economy in relation to the rest of the world? As of 2024, the UK had the sixth-largest economy in the world, behind the United States, China, Japan, Germany, and India. Among European nations, this meant that the UK currently has the second-largest economy in Europe, although the economy of France, Europe's third-largest economy, is of a similar size. The UK's global economic ranking will likely fall in the coming years, however, with the UK's share of global GDP expected to fall from 2.16 percent in 2025 to 2.02 percent by 2029.  

Georgia GDP: Primary Income Receivable from Rest of World data was reported at 2,815.828 GEL mn in 2017. This records an increase from the previous number of 2,159.116 GEL mn for 2016. Georgia GDP: Primary Income Receivable from Rest of World data is updated yearly, averaging 652.312 GEL mn from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 2,815.828 GEL mn in 2017 and a record low of 6.988 GEL mn in 1996. Georgia GDP: Primary Income Receivable from Rest of World data remains active status in CEIC and is reported by National Statistics Office of Georgia. The data is categorized under Global Database’s Georgia – Table GE.A034: GDP: Main Aggregates: Annual.

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.

Georgia GDP: Capital Transfers Receivable from Rest of World data was reported at 271.090 GEL mn in 2017. This records an increase from the previous number of 137.901 GEL mn for 2016. Georgia GDP: Capital Transfers Receivable from Rest of World data is updated yearly, averaging 142.843 GEL mn from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 368.749 GEL mn in 2010 and a record low of 0.000 GEL mn in 2001. Georgia GDP: Capital Transfers Receivable from Rest of World data remains active status in CEIC and is reported by National Statistics Office of Georgia. The data is categorized under Global Database’s Georgia – Table GE.A034: GDP: Main Aggregates: Annual.

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 half 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.

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.

United States Treasury Securities: Foreign Holder: All Countries data was reported at 8,389.809 USD bn in Dec 2024. This records a decrease from the previous number of 8,524.877 USD bn for Nov 2024. United States Treasury Securities: Foreign Holder: All Countries data is updated monthly, averaging 6,212.938 USD bn from Dec 2011 (Median) to Dec 2024, with 157 observations. The data reached an all-time high of 8,578.675 USD bn in Sep 2024 and a record low of 4,927.625 USD bn in Dec 2011. United States Treasury Securities: Foreign Holder: All Countries data remains active status in CEIC and is reported by U.S. Department of the Treasury. The data is categorized under Global Database’s United States – Table US.Z060: Major Foreign Holders of US Treasury Securities.

Georgia Main Aggregates: Capital Transfers Receivable from Rest of World data was reported at 42.759 GEL mn in Jun 2018. This records an increase from the previous number of 30.617 GEL mn for Mar 2018. Georgia Main Aggregates: Capital Transfers Receivable from Rest of World data is updated quarterly, averaging 32.793 GEL mn from Mar 1996 (Median) to Jun 2018, with 90 observations. The data reached an all-time high of 151.944 GEL mn in Dec 2010 and a record low of 0.000 GEL mn in Dec 2001. Georgia Main Aggregates: Capital Transfers Receivable from Rest of World data remains active status in CEIC and is reported by National Statistics Office of Georgia. The data is categorized under Global Database’s Georgia – Table GE.A033: GDP: Main Aggregates.

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.

Germany Leading Economic Index: Diffusion Index: 6 Months data was reported at 57.100 NA in Oct 2024. This stayed constant from the previous number of 57.100 NA for Sep 2024. Germany Leading Economic Index: Diffusion Index: 6 Months data is updated monthly, averaging 57.100 NA from Jun 1965 (Median) to Oct 2024, with 713 observations. The data reached an all-time high of 100.000 NA in May 2017 and a record low of 0.000 NA in Aug 2023. Germany Leading Economic Index: Diffusion Index: 6 Months data remains active status in CEIC and is reported by The Conference Board. The data is categorized under Global Database’s Germany – Table DE.The Conference Board: Leading Economic Index. [COVID-19-IMPACT]

United States Leading Index: US data was reported at 1.718 % in Feb 2020. This records an increase from the previous number of 1.573 % for Jan 2020. United States Leading Index: US data is updated monthly, averaging 1.536 % from Jan 1982 (Median) to Feb 2020, with 458 observations. The data reached an all-time high of 3.355 % in Nov 1983 and a record low of -2.654 % in Mar 2009. United States Leading Index: US data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s United States – Table US.S012: State Leading Index. The data predicts the six-month growth rate of the state’s coincident index. In addition to the coincident index, the models include other variables that lead the economy such as the state-level housing permits (1 to 4 units), initial unemployment insurance claims, delivery times from the Institute for Supply Management (ISM) manufacturing survey, and the interest rate spread between the 10-year Treasury bond and the 3-month Treasury bill. Given the sudden, extreme impact of the COVID-19 outbreak on initial unemployment claims in recent weeks, Federal Reserve Bank of Philadelphia researchers’ standard approach for estimating the six-month change in coincident indexes is not appropriate. Therefore, they suspended the release of the state leading indexes indefinitely.