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.

By the year 2030, it is projected that China will eclipse the United States and have the largest gross domestic product (GDP) in the world, at 31.7 trillion U.S. dollars. The United States is projected to have the second largest GDP, at 22.9 trillion U.S. dollars.

What is gross domestic product?

Gross domestic product, or GDP, is an economic measure of a country’s production in time. It includes all goods and services produced by a country and is used by economists to determine the health of a country’s economy. However, since GDP just shows the size of an economy and is not adjusted for the country’s size, this can make direct country comparisons complicated.

The growth of the global economy

Currently, the United States has the largest GDP in the world, at 20.5 trillion U.S. dollars. China has the second largest GDP, at 13.4 trillion U.S. dollars. In the coming years, production will become faster and more global, which will help to grow the global economy.

This statistic shows the share of economic sectors in the global gross domestic product (GDP) from 2014 to 2024. In 2024, agriculture contributed 4.02 percent, industry contributed approximately 25.97 percent and services contributed about 66.24 percent to the global gross domestic product. See global GDP for comparison.

The average for 2015 based on 158 countries was 27.78 percent. The highest value was in Zimbabwe: 67 percent and the lowest value was in Switzerland: 6.94 percent. The indicator is available from 1991 to 2015. Below is a chart for all countries where data are available.

In 2020, global gross domestic product declined by 6.7 percent as a result of the coronavirus (COVID-19) pandemic outbreak. In Latin America, overall GDP loss amounted to 8.5 percent.

The gross domestic product of the United Kingdom in 2024 was around 2.78 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.75 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. UK's global share of GDP falling 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.  

United States Import Volume Index data was reported at 117.927 2015=100 in 2021. This records an increase from the previous number of 105.232 2015=100 for 2020. United States Import Volume Index data is updated yearly, averaging 66.390 2015=100 from Dec 1980 (Median) to 2021, with 42 observations. The data reached an all-time high of 117.927 2015=100 in 2021 and a record low of 15.732 2015=100 in 1980. United States Import Volume Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Trade Index. Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD’s estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, international and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year’s trade values as weights. For economies for which UNCTAD does not publish data, the import volume indexes (lines 73) in the IMF's International Financial Statistics are used.;United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.;;

DE: GDP Volume Index data was reported at 113.660 2010=100 in 2017. This records an increase from the previous number of 111.260 2010=100 for 2016. DE: GDP Volume Index data is updated yearly, averaging 93.390 2010=100 from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 113.660 2010=100 in 2017 and a record low of 79.010 2010=100 in 1991. DE: GDP Volume Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Germany – Table DE.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Annual.

The average for 2023 based on 196 countries was 656095 sq. km. The highest value was in Russia: 16376870 sq. km and the lowest value was in Monaco: 2 sq. km. The indicator is available from 1961 to 2023. Below is a chart for all countries where data are available.

Kazakhstan MNE Forecast: Real GDP: Volume Index: Prev Year=100: Information & Telecommunication data was reported at 104.200 Prev Year=100 in 2023. This records an increase from the previous number of 104.000 Prev Year=100 for 2022. Kazakhstan MNE Forecast: Real GDP: Volume Index: Prev Year=100: Information & Telecommunication data is updated yearly, averaging 104.350 Prev Year=100 from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 119.300 Prev Year=100 in 2008 and a record low of 100.000 Prev Year=100 in 2016. Kazakhstan MNE Forecast: Real GDP: Volume Index: Prev Year=100: Information & Telecommunication data remains active status in CEIC and is reported by The Ministry of National Economy of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.A016: Real GDP: Volume Index: by Industry: Forecast: The Ministry of National Economy of the Republic of Kazakhstan.

Kazakhstan MNE Forecast: Real GDP: Volume Index: Prev Year=100: Agriculture, Forestry and Fishing data was reported at 106.300 Prev Year=100 in 2023. This stayed constant from the previous number of 106.300 Prev Year=100 for 2022. Kazakhstan MNE Forecast: Real GDP: Volume Index: Prev Year=100: Agriculture, Forestry and Fishing data is updated yearly, averaging 103.650 Prev Year=100 from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 108.000 Prev Year=100 in 2020 and a record low of 87.700 Prev Year=100 in 2012. Kazakhstan MNE Forecast: Real GDP: Volume Index: Prev Year=100: Agriculture, Forestry and Fishing data remains active status in CEIC and is reported by The Ministry of National Economy of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.A016: Real GDP: Volume Index: by Industry: Forecast: The Ministry of National Economy of the Republic of Kazakhstan.

United States CPI U: Northeast: Size Class B/C data was reported at 156.752 Dec1996=100 in Oct 2018. This records a decrease from the previous number of 156.961 Dec1996=100 for Sep 2018. United States CPI U: Northeast: Size Class B/C data is updated monthly, averaging 132.049 Dec1996=100 from Dec 1996 (Median) to Oct 2018, with 263 observations. The data reached an all-time high of 157.350 Dec1996=100 in Aug 2018 and a record low of 100.000 Dec1996=100 in Jan 1997. United States CPI U: Northeast: Size Class B/C data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I014: Consumer Price Index: Urban: By Region. All metropolitan areas with population smaller than 1.5 million

Kazakhstan MNE Forecast: Real GDP: Volume Index: Prev Year=100: Industry: Mining and Quarrying data was reported at 106.900 Prev Year=100 in 2023. This records an increase from the previous number of 101.400 Prev Year=100 for 2022. Kazakhstan MNE Forecast: Real GDP: Volume Index: Prev Year=100: Industry: Mining and Quarrying data is updated yearly, averaging 102.000 Prev Year=100 from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 106.900 Prev Year=100 in 2023 and a record low of 98.700 Prev Year=100 in 2016. Kazakhstan MNE Forecast: Real GDP: Volume Index: Prev Year=100: Industry: Mining and Quarrying data remains active status in CEIC and is reported by The Ministry of National Economy of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.A016: Real GDP: Volume Index: by Industry: Forecast: The Ministry of National Economy of the Republic of Kazakhstan.

United States US: Export Volume Index data was reported at 116.748 2010=100 in 2016. This records a decrease from the previous number of 116.932 2010=100 for 2015. United States US: Export Volume Index data is updated yearly, averaging 25.549 2010=100 from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 118.187 2010=100 in 2014 and a record low of 4.971 2010=100 in 1950. United States US: Export Volume Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Volume and Unit Value Index: Annual.

Kazakhstan Real GDP: Volume Index: Prev Year=100 data was reported at 104.100 Prev Year=100 in 2017. This records an increase from the previous number of 101.100 Prev Year=100 for 2016. Kazakhstan Real GDP: Volume Index: Prev Year=100 data is updated yearly, averaging 104.800 Prev Year=100 from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 113.500 Prev Year=100 in 2001 and a record low of 91.800 Prev Year=100 in 1995. Kazakhstan Real GDP: Volume Index: Prev Year=100 data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.A012: Real GDP: Volume Index: by Expenditure: Previous Year=100.

Japan JP: Export Volume Index: % Change over Previous Period data was reported at 5.152 % in 2017. This records an increase from the previous number of 0.291 % for 2016. Japan JP: Export Volume Index: % Change over Previous Period data is updated yearly, averaging 5.903 % from Dec 1952 (Median) to 2017, with 66 observations. The data reached an all-time high of 32.308 % in 1954 and a record low of -26.449 % in 2009. Japan JP: Export Volume Index: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Japan – Table JP.IMF.IFS: Volume and Unit Value Index: Annual.

Jordan JO: Import Volume Index: % Change over Previous Period data was reported at -6.209 % in 2016. This records a decrease from the previous number of -2.246 % for 2015. Jordan JO: Import Volume Index: % Change over Previous Period data is updated yearly, averaging 2.575 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 50.012 % in 1976 and a record low of -17.241 % in 1989. Jordan JO: Import Volume Index: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Jordan – Table JO.IMF.IFS: Volume and Unit Value Index: Annual.

Argentina AR: GDP: Volume: PPP: Single Hit Scenario data was reported at 790.000 USD bn in 2021. This records an increase from the previous number of 759.000 USD bn for 2020. Argentina AR: GDP: Volume: PPP: Single Hit Scenario data is updated yearly, averaging 729.000 USD bn from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 868.000 USD bn in 2017 and a record low of 489.000 USD bn in 2002. Argentina AR: GDP: Volume: PPP: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Argentina – Table AR.OECD.EO: GDP by Expenditure: Volume: Forecast: Non OECD Member: Annual. GDPVD - Gross domestic product, volume at constant purchasing power parities2015 PPP

Argentina AR: GDP: Volume: PPP: Double Hit Scenario data was reported at 757.000 USD bn in 2021. This records an increase from the previous number of 745.000 USD bn for 2020. Argentina AR: GDP: Volume: PPP: Double Hit Scenario data is updated yearly, averaging 729.000 USD bn from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 868.000 USD bn in 2017 and a record low of 489.000 USD bn in 2002. Argentina AR: GDP: Volume: PPP: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Argentina – Table AR.OECD.EO: GDP by Expenditure: Volume: Forecast: Non OECD Member: Annual. GDPVD - Gross domestic product, volume at constant purchasing power parities2015 PPP

Jordan JO: Import Volume Index: % Change data was reported at 19.119 % in Sep 2017. This records a decrease from the previous number of 20.470 % for Jun 2017. Jordan JO: Import Volume Index: % Change data is updated quarterly, averaging 2.695 % from Mar 1998 (Median) to Sep 2017, with 79 observations. The data reached an all-time high of 31.103 % in Jun 2005 and a record low of -24.482 % in Dec 2010. Jordan JO: Import Volume Index: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Jordan – Table JO.IMF.IFS: Volume and Unit Value Index: Quarterly.