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 average for 2024 based on 177 countries was 3.2 percent. The highest value was in Guyana: 43.37 percent and the lowest value was in Palestine: -26.56 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

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.

This statistic shows the 20 countries with the highest growth of the gross domestic product (GDP) in 2023. In 2023, Guyana ranked 2nd with an estimated GDP growth of approximately 32.96 percent compared to the previous year. GDP around the world Gross domestic product (GDP) is an indicator of the monetary value of all goods and services produced by a nation in a specific time period. GDP is a strong index of a country’s economic strength - the higher the GDP of a nation, the stronger that country’s economy. The countries in the world with the highest GDP or GDP per capita are mainly developed and emerging countries, with global gross domestic product amounting to nearly 75 trillion U.S. dollars. As of 2016, the United States is the nation in the world with the highest GDP with more than 18.56 trillion U.S. dollars, which makes up more than 15.7 percent of the global GDP. The countries with the lowest gross domestic product per capita in 2014 were mainly African nations. The country in the world with the lowest GDP per capita in 2016 was South Sudan, followed by Malawi, and Burundi. However, several economically struggling African and Asian countries such as Myanmar, Côte d'Ivoire, Bhutan, and India reported the highest growth of the gross domestic product in 2016. Also in the top 20 nations with the highest growth of the GDP is China. In 2016, the GDP in China was the second highest GDP in the world. It is estimated that by 2019 the GDP in China will grow by 6 percent. Based on this estimate, GDP in China will be at around 14.6 trillion U.S. dollars by 2019.

Explore the World Competitiveness Ranking dataset for 2016, including key indicators such as GDP per capita, fixed telephone tariffs, and pension funding. Discover insights on social cohesion, scientific research, and digital transformation in various countries.

Social cohesion, The image abroad of your country encourages business development, Scientific articles published by origin of author, International Telecommunication Union, World Telecommunication/ICT Indicators database, Data reproduced with the kind permission of ITU, National sources, Fixed telephone tariffs, GDP (PPP) per capita, Overall, Exports of goods - growth, Pension funding is adequately addressed for the future, Companies are very good at using big data and analytics to support decision-making, Gross fixed capital formation - real growth, Economic Performance, Scientific research legislation, Percentage of GDP, Health infrastructure meets the needs of society, Estimates based on preliminary data for the most recent year., Singapore: including re-exports., Value, Laws relating to scientific research do encourage innovation, % of GDP, Gross Domestic Product (GDP), Health Infrastructure, Digital transformation in companies is generally well understood, Industrial disputes, EE, Female / male ratio, State ownership of enterprises, Total expenditure on R&D (%), Score, Colombia, Estimates for the most recent year., Percentage change, based on US$ values, Number of listed domestic companies, Tax evasion is not a threat to your economy, Scientific articles, Tax evasion, % change, Use of big data and analytics, National sources, Disposable Income, Equal opportunity, Listed domestic companies, Government budget surplus/deficit (%), Pension funding, US$ per capita at purchasing power parity, Estimates; US$ per capita at purchasing power parity, Image abroad or branding, Equal opportunity legislation in your economy encourages economic development, Number, Article counts are from a selection of journals, books, and conference proceedings in S&E from Scopus. Articles are classified by their year of publication and are assigned to a region/country/economy on the basis of the institutional address(es) listed in the article. Articles are credited on a fractional-count basis. The sum of the countries/economies may not add to the world total because of rounding. Some publications have incomplete address information for coauthored publications in the Scopus database. The unassigned category count is the sum of fractional counts for publications that cannot be assigned to a country or economy. Hong Kong: research output items by the higher education institutions funded by the University Grants Committee only., State ownership of enterprises is not a threat to business activities, Protectionism does not impair the conduct of your business, Digital transformation in companies, Total final energy consumption per capita, Social cohesion is high, Rank, MTOE per capita, Percentage change, based on constant prices, US$ billions, National sources, World Trade Organization Statistics database, Rank, Score, Value, World Rankings

Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Mongolia, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Singapore, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Kingdom, Venezuela

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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.

Data on the top universities for Business and Economics in 2025, including disciplines such as Accounting and Finance, Business Management, and Economics.

The United States is the 2 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. This dataset provides the latest reported value for - United States Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Singapore led the Index of Economic Freedom in 2024, with an index score of 83.5 out of 100. Switzerland, Ireland, Taiwan, and Luxembourg rounded out the top five. Economic Freedom Index In order to calculate the Economic Freedom Index, the source takes 12 different factors into account, including the rule of law, government size, regulatory efficiency, and open markets. All 12 factors are rated on a scale of zero to 100 and are weighted equally. Every country is rated within the Index in order to provide insight into the health and freedom of the global economy. Singapore's economy Singapore is one of the four so-called Asian Tigers, a term used to describe four countries in Asia that saw a booming economic development from the 1950s to the early 1990. Today, the City-State is known for its many skyscrapers, and its economy continue to boom. It has one of the lowest tax-rates in the Asia-Pacific region, and continues to be open towards foreign direct investment (FDI). Moreover, Singapore has one of the highest trade-to-GDP ratios worldwide, underlining its export-oriented economy. Finally, its geographic location has given it a strategic position as a center connecting other countries in the region with the outside world. However, the economic boom has come at a cost, with the city now ranked among the world's most expensive.

The average for 2024 based on 174 countries was 59 index points. The highest value was in Singapore: 84 index points and the lowest value was in North Korea: 3 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.

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.

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.

Portugal is the 34 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. This dataset provides the latest reported value for - Portugal Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

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

This statistic presents the results of a survey on Australia's perceived and actual economic ranking among the world's top 200 countries as of October 2018. According to data published by Ipsos, respondents in Australia underestimated Australia´s global economic ranking. On average, the respondents thought that Australia's GDP ranked number ** among top 200 countries, when actually Australia ranked number ****** in the world.

The World Bank’s Knowledge Assessment Methodology (KAM: www.worldbank.org/kam) is an online interactive tool that produces the Knowledge Economy Index (KEI)–an aggregate index representing a country’s or region’s overall preparedness to compete in the Knowledge Economy (KE). The KEI is based on a simple average of four subindexes, which represent the four pillars of the knowledge economy:  Economic Incentive and Institutional Regime (EIR)  Innovation and Technological Adoption  Education and Training  Information and Communications Technologies (ICT) Infrastructure The EIR comprises incentives that promote the efficient use of existing and new knowledge and the flourishing of entrepreneurship. An efficient innovation system made up of firms, research centers, universities, think tanks, consultants, and other organizations can tap into the growing stock of global knowledge, adapt it to local needs, and create new technological solutions. An educated and appropriately trained population is capable of creating, sharing, and using knowledge. A modern and accessible ICT infrastructure serves to facilitate the effective communication, dissemination, and processing of information.

Jordan is the 70 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. This dataset provides the latest reported value for - Jordan Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.