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

    • statista.com
    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. T

    GDP by Country Dataset

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 29, 2011
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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.

  3. Countries with the largest gross domestic product (GDP) per capita 2025

    • statista.com
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    Statista, Countries with the largest gross domestic product (GDP) per capita 2025 [Dataset]. https://www.statista.com/statistics/270180/countries-with-the-largest-gross-domestic-product-gdp-per-capita/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Worldwide
    Description

    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 five are in Asia, alongside the U.S. 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.

  4. T

    GDP by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 30, 2017
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    TRADING ECONOMICS (2017). GDP by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/gdp?continent=europe
    Explore at:
    csv, xml, json, excelAvailable 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
    Europe
    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.

  5. GDP of African countries 2025, by country

    • statista.com
    Updated Jul 21, 2025
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    Statista (2025). GDP of African countries 2025, by country [Dataset]. https://www.statista.com/statistics/1120999/gdp-of-african-countries-by-country/
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    Dataset updated
    Jul 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Africa
    Description

    As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

  6. T

    GDP by Country in AMERICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 30, 2017
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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.

  7. Ranking de países con mayor PIB estimado 2022-2028

    • es.statista.com
    Updated Feb 23, 2024
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    Statista (2024). Ranking de países con mayor PIB estimado 2022-2028 [Dataset]. https://es.statista.com/estadisticas/600234/ranking-de-paises-con-el-producto-interior-bruto-pib-mas-alto-en/
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    Dataset updated
    Feb 23, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Mundial
    Description

    Según las proyecciones del Fondo Monetario Internacional (FMI), Estados Unidos es el país más rico del mundo, con un PIB estimado para 2024 superior a los 27,5 billones de dólares estadounidenses. En cuanto a las naciones de habla hispana, México y España ocupan la decimocuarta y decimoquinta posición del ranking —con algo más de 1,7 y 1,5 billones de dólares en dicho año—, respectivamente.

    ¿Cómo evolucionará el Producto Interno Bruto (PIB) en países desarrollados, emergentes y en desarrollo?

    El crecimiento mundial del PIB se situará en un 3,1% para 2024, si bien este no será homogéneo en todos los rincones del planeta. Específicamente, el incremento previsto en las áreas más desarrolladas rondará el 1,5%, mientras que en los países emergentes y en desarrollo este podría rebasar el 4%, manteniéndose ambas regiones en valores muy similares a los de 2023. Caben destacar algunas excepciones como Estados Unidos o España , que a pesar de ser países desarrollados, cerraron 2023 con aumentos anuales del 2,5% respecto a 2022; unos valores mucho mayores de lo esperado.

    Principales frenos del crecimiento del PIB A pesar de la resiliencia mostrada por muchos estados, lo cierto es que el crecimiento mundial a corto plazo seguirá estando por debajo del promedio histórico del 3,8% registrado entre 2000 y 2019. Ello se debe, entre otros motivos, al repliegue del apoyo fiscal en un escenario de importante endeudamiento y a las altas tasas de interés aplicadas para combatir la inflación en la que se encuentra sumida la economía mundial a raíz de la pandemia de COVID-19 y de la guerra entre Rusia y Ucrania. No puede olvidarse que el BCE aplicó cinco subidas de los tipos de interés sólo en 2023 y el FED cuatro. Asimismo, la inestabilidad inmobiliaria del mercado chino —con la quiebra de Evergrande a principios de 2024 incluida—, podría frenar aún más las expectativas de crecimiento.

  8. GDP per capita of African countries 2025

    • statista.com
    Updated Apr 24, 2025
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    Statista (2025). GDP per capita of African countries 2025 [Dataset]. https://www.statista.com/statistics/1121014/gdp-per-capita-of-african-countries/
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    Dataset updated
    Apr 24, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Africa
    Description

    Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
    Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

  9. T

    GDP PER CAPITA PPP by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 28, 2017
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    TRADING ECONOMICS (2017). GDP PER CAPITA PPP by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita-ppp?continent=europe
    Explore at:
    excel, json, csv, xmlAvailable download formats
    Dataset updated
    May 28, 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
    Europe
    Description

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

  10. T

    GDP by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 27, 2017
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    TRADING ECONOMICS (2017). GDP by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gdp?continent=africa
    Explore at:
    xml, json, csv, excelAvailable download formats
    Dataset updated
    May 27, 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
    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.

  11. G

    Economic growth forecast by country, around the world | TheGlobalEconomy.com...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Nov 10, 2017
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    Globalen LLC (2017). Economic growth forecast by country, around the world | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_growth_outlook_imf/
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    xml, csv, excelAvailable download formats
    Dataset updated
    Nov 10, 2017
    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, 2030
    Area covered
    World, World
    Description

    The average for 2025 based on 184 countries was 3.13 percent. The highest value was in Libya: 17.3 percent and the lowest value was in Equatorial Guinea: -4.2 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

  12. T

    GDP ANNUAL GROWTH RATE by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 28, 2017
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    TRADING ECONOMICS (2017). GDP ANNUAL GROWTH RATE by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/gdp-annual-growth-rate?continent=europe
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    May 28, 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
    Europe
    Description

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

  13. Gross domestic product (GDP) of the United States 2030

    • statista.com
    Updated May 21, 2025
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    Statista (2025). Gross domestic product (GDP) of the United States 2030 [Dataset]. https://www.statista.com/statistics/263591/gross-domestic-product-gdp-of-the-united-states/
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    Dataset updated
    May 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2024, with projections up until 2030. The gross domestic product of the United States in 2024 amounted to around 29.18 trillion U.S. dollars. The United States and the economy The United States’ economy is by far the largest in the world; a status which can be determined by several key factors, one being gross domestic product: A look at the GDP of the main industrialized and emerging countries shows a significant difference between US GDP and the GDP of China, the runner-up in the ranking, as well as the followers Japan, Germany and France. Interestingly, it is assumed that China will have surpassed the States in terms of GDP by 2030, but for now, the United States is among the leading countries in almost all other relevant rankings and statistics, trade and employment for example. See the U.S. GDP growth rate here. Just like in other countries, the American economy suffered a severe setback when the economic crisis occurred in 2008. The American economy entered a recession caused by the collapsing real estate market and increasing unemployment. Despite this, the standard of living is considered quite high; life expectancy in the United States has been continually increasing slightly over the past decade, the unemployment rate in the United States has been steadily recovering and decreasing since the crisis, and the Big Mac Index, which represents the global prices for a Big Mac, a popular indicator for the purchasing power of an economy, shows that the United States’ purchasing power in particular is only slightly lower than that of the euro area.

  14. T

    GDP PER CAPITA by Country in ASIA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 26, 2017
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    TRADING ECONOMICS (2017). GDP PER CAPITA by Country in ASIA [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita?continent=asia
    Explore at:
    json, csv, xml, excelAvailable download formats
    Dataset updated
    May 26, 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
    Asia
    Description

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

  15. T

    GDP PER CAPITA by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 27, 2017
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    TRADING ECONOMICS (2017). GDP PER CAPITA by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita?continent=africa
    Explore at:
    json, csv, xml, excelAvailable download formats
    Dataset updated
    May 27, 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
    Africa
    Description

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

  16. Latin America & Caribbean: gross domestic product 2024, by country

    • statista.com
    Updated Jul 5, 2024
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    Statista (2024). Latin America & Caribbean: gross domestic product 2024, by country [Dataset]. https://www.statista.com/statistics/802640/gross-domestic-product-gdp-latin-america-caribbean-country/
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    Dataset updated
    Jul 5, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    LAC, Americas, Latin America
    Description

    In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

  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
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    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. Gross domestic product (GDP) of China 1985-2030

    • statista.com
    Updated Apr 23, 2025
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    Statista (2025). Gross domestic product (GDP) of China 1985-2030 [Dataset]. https://www.statista.com/statistics/263770/gross-domestic-product-gdp-of-china/
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    Dataset updated
    Apr 23, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    China
    Description

    In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 3.1 percent in 2022 and 5.4 percent in 2023. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

  19. Gross domestic product (GDP) in Brazil 2030

    • statista.com
    Updated May 21, 2025
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    Statista (2025). Gross domestic product (GDP) in Brazil 2030 [Dataset]. https://www.statista.com/statistics/263769/gross-domestic-product-gdp-in-brazil/
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    Dataset updated
    May 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Brazil
    Description

    The statistic shows gross domestic product (GDP) in Brazil from 1987 to 2024, with projections up until 2030. Gross domestic product denotes the aggregate value of all services and goods produced within a country in any given year. GDP is an important indicator of a country's economic power. In 2024, Brazil's gross domestic product amounted to around 2.17 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and China, Brazil was ranked third that year. Brazil's national finances Brazil is one of the fastest growing economies in the world and the largest amongst all Latin American countries. Brazil is also a member of multiple economic organizations such as the G20 as well as one of the four countries in the BRIC economies, which consist of Brazil, Russia, India and China. Despite having one of the lower populations out of the four countries, Brazil maintained a relatively stable dollar value of all goods and services produced within the country in comparison to India, for example. This indicates that unemployment is low and in general business demand within the country has become relatively high. Spending within the country has been relatively high, however is considered to be normal, especially for developing countries. It is expected that developing economies have a budget deficit of roughly 3 percent, primarily because spending is needed in order to fuel an economy at most times. However, most Brazilians still have faith in their country’s economic future and still believe that their own personal financial situation will improve along with the country’s economic position in the world.

  20. T

    Vietnam GDP

    • tradingeconomics.com
    • pt.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 15, 2025
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    TRADING ECONOMICS (2025). Vietnam GDP [Dataset]. https://tradingeconomics.com/vietnam/gdp
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    csv, excel, json, xmlAvailable download formats
    Dataset updated
    Jun 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
    Dec 31, 1985 - Dec 31, 2024
    Area covered
    Vietnam
    Description

    The Gross Domestic Product (GDP) in Vietnam was worth 476.39 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Vietnam represents 0.45 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.

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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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71 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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