92 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 gross domestic product (GDP) per capita 2025

    • statista.com
    • ai-chatbox.pro
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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.

  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. 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.

  5. T

    GDP by Country in ASIA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 20, 2025
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    TRADING ECONOMICS (2025). GDP by Country in ASIA [Dataset]. https://tradingeconomics.com/country-list/gdp?continent=asia
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    xml, json, csv, excelAvailable download formats
    Dataset updated
    Jun 20, 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
    Asia
    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.

  6. Top ten countries worldwide with highest GDP in 2050

    • statista.com
    Updated Jun 23, 2025
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    Statista (2025). Top ten countries worldwide with highest GDP in 2050 [Dataset]. https://www.statista.com/statistics/674491/top-10-countries-with-highest-gdp/
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    Dataset updated
    Jun 23, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2016
    Area covered
    Worldwide
    Description

    This statistic shows the projected top ten largest national economies in 2050. By 2050, China is forecasted to have a gross domestic product of over ** trillion U.S. dollars.

  7. Countries with the largest GDP per capita at purchasing power parity 2022

    • statista.com
    Updated May 30, 2025
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    Statista (2025). Countries with the largest GDP per capita at purchasing power parity 2022 [Dataset]. https://www.statista.com/statistics/725742/countries-with-the-largest-gross-domestic-product-gdp-at-purchasing-power-parity-per-capita/
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    Dataset updated
    May 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Oct 2023
    Area covered
    Worldwide
    Description

    In 2022, Luxembourg had the largest gross domestic product (GDP) per capita at purchasing power parity. The country ranked first with a PPP-adjusted GDP per capita of about 141,000 international dollars. Ireland and Singapore followed in the places behind.

  8. 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.

  9. M

    World GDP

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). World GDP [Dataset]. https://www.macrotrends.net/global-metrics/countries/wld/world/gdp-gross-domestic-product
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    csvAvailable download formats
    Dataset updated
    May 31, 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

    Area covered
    world, World
    Description
    World GDP for 2023 was 100.000 trillion US dollars, a 0% increase from 2022.
    <ul style='margin-top:20px;'>
    
    <li>World GDP for 2022 was <strong>100.000 trillion US dollars</strong>, a <strong>2.2% increase</strong> from 2021.</li>
    <li>World GDP for 2021 was <strong>97.848 trillion US dollars</strong>, a <strong>14.09% increase</strong> from 2020.</li>
    <li>World GDP for 2020 was <strong>85.763 trillion US dollars</strong>, a <strong>2.71% decline</strong> from 2019.</li>
    </ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
    
  10. G

    GDP per capita, PPP by country, around the world | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jan 6, 2015
    + more versions
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    Globalen LLC (2015). GDP per capita, PPP by country, around the world | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_ppp/
    Explore at:
    csv, excel, xmlAvailable download formats
    Dataset updated
    Jan 6, 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, 1990 - Dec 31, 2023
    Area covered
    World
    Description

    The average for 2023 based on 183 countries was 26826 U.S. dollars. The highest value was in Luxembourg: 130491 U.S. dollars and the lowest value was in Burundi: 829 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

  11. U.S. gross domestic product 2023, by state

    • statista.com
    • ai-chatbox.pro
    Updated Jul 5, 2024
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    Statista (2024). U.S. gross domestic product 2023, by state [Dataset]. https://www.statista.com/statistics/248023/us-gross-domestic-product-gdp-by-state/
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    Dataset updated
    Jul 5, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2022
    Area covered
    United States
    Description

    The gross domestic product (GDP) of California was about 3.23 trillion U.S. dollars in 2023, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 35.07 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

  12. 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.

  13. M

    World GDP Growth Rate

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). World GDP Growth Rate [Dataset]. https://www.macrotrends.net/global-metrics/countries/WLD/world/gdp-growth-rate
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    csvAvailable download formats
    Dataset updated
    May 31, 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

    Area covered
    world, World
    Description
    World gdp growth rate for 2023 was 2.83%, a 0.4% decline from 2022.
    <ul style='margin-top:20px;'>
    
    <li>World gdp growth rate for 2022 was <strong>3.24%</strong>, a <strong>3.11% decline</strong> from 2021.</li>
    <li>World gdp growth rate for 2021 was <strong>6.35%</strong>, a <strong>9.23% increase</strong> from 2020.</li>
    <li>World gdp growth rate for 2020 was <strong>-2.88%</strong>, a <strong>5.55% decline</strong> from 2019.</li>
    </ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
    
  14. Countries with the lowest estimated GDP per capita 2024

    • statista.com
    • ai-chatbox.pro
    Updated May 28, 2025
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    Statista (2025). Countries with the lowest estimated GDP per capita 2024 [Dataset]. https://www.statista.com/statistics/256547/the-20-countries-with-the-lowest-gdp-per-capita/
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    Dataset updated
    May 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    Worldwide
    Description

    19 of the 20 countries with the lowest estimated GDP per capita in the world in 2024 are located in Sub-Saharan Africa. South Sudan is believed to have a GDP per capita of just 351.02 U.S. dollars - for reference, Luxembourg has the highest GDP per capita in the world, at almost 130,000 U.S. dollars, which is around 400 times larger than that of Burundi (U.S. GDP per capita is over 250 times higher than Burundi's). Poverty in Sub-Saharan Africa Many parts of Sub-Saharan Africa have been among the most impoverished in the world for over a century, due to lacking nutritional and sanitation infrastructures, persistent conflict, and political instability. These issues are also being exacerbated by climate change, where African nations are some of the most vulnerable in the world, as well as the population boom that will place over the 21st century. Of course, the entire population of Sub-Saharan Africa does not live in poverty, and countries in the southern part of the continent, as well as oil-producing states around the Gulf of Guinea, do have some pockets of significant wealth (especially in urban areas). However, while GDP per capita may be higher in these countries, wealth distribution is often very skewed, and GDP per capita figures are not representative of average living standards across the population. Outside of Africa Yemen is the only country outside of Africa to feature on the list, due to decades of civil war and instability. Yemen lags very far behind some of its neighboring Arab states, some of whom rank among the richest in the world due to their much larger energy sectors. Additionally, the IMF does not make estimates for Afghanistan, which would also likely feature on this list.

  15. T

    GDP by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jul 11, 2025
    + more versions
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    TRADING ECONOMICS (2025). GDP by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/gdp?continent=europe
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    csv, xml, json, excelAvailable download formats
    Dataset updated
    Jul 11, 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
    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.

  16. T

    GDP by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Mar 15, 2025
    + more versions
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    TRADING ECONOMICS (2025). GDP by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gdp?continent=africa
    Explore at:
    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.

  17. WWII: pre-war GDP of selected countries and regions 1938

    • statista.com
    Updated Jan 1, 1998
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    Statista (1998). WWII: pre-war GDP of selected countries and regions 1938 [Dataset]. https://www.statista.com/statistics/1334182/wwii-pre-war-gdp/
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    Dataset updated
    Jan 1, 1998
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    1938
    Area covered
    World
    Description

    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.

  18. All Countries and their Economies

    • dataandsons.com
    csv, zip
    Updated Sep 10, 2023
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    None (2023). All Countries and their Economies [Dataset]. https://www.dataandsons.com/categories/economic/all-countries-and-their-economies
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    csv, zipAvailable download formats
    Dataset updated
    Sep 10, 2023
    Dataset provided by
    Authors
    None
    License

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

    Description

    About this Dataset

    This dataset contains 25 columns which are: 1. Country: Corresponding country. 2. Poverty headcount ratio at $2.15 a day (2017 PPP) (% of population): Poverty in country. 3. Life expectancy at birth, total (years): Expected life from birth. 4. Population, total: Population of Country. 5. Population growth (annual %): Population growth each year. 6. Net migration: is the difference between the number of immigrants and the number of emigrants divided by the population. 7. Human Capital Index (HCI) (scale 0-1): is an annual measurement prepared by the World Bank. HCI measures which countries are best in mobilizing their human capital, the economic and professional potential of their citizens. The index measures how much capital each country loses through lack of education and health. 8. GDP (current US$)current US$constant US$current LCUconstant LCU: Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period by a country or countries. 9. GDP per capita (current US$)current US$constant US$current LCUconstant LCU: the sum of gross value added by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output, divided by mid-year population. 10. GDP growth (annual %): The annual average rate of change of the gross domestic product (GDP) at market prices based on constant local currency, for a given national economy, during a specified period of time. 11. Unemployment, total (% of total labor force) (modeled ILO estimate) 12. Inflation, consumer prices (annual %) 13. Personal remittances, received (% of GDP) 14. CO2 emissions (metric tons per capita) 15. Forest area (% of land area) 16. Access to electricity (% of population) 17. Annual freshwater withdrawals, total (% of internal resources) 18. Electricity production from renewable sources, excluding hydroelectric (% of total) 19. People using safely managed sanitation services (% of population) 20. Intentional homicides (per 100,000 people) 21. Central government debt, total (% of GDP) 22. Statistical performance indicators (SPI): Overall score (scale 0-100) 23. Individuals using the Internet (% of population) 24. Proportion of seats held by women in national parliaments (%) 25. Foreign direct investment, net inflows (% of GDP): is when an investor becomes a significant or lasting investor in a business or corporation in a foreign country, which can be a boost to the global economy.

    Category

    Economic

    Keywords

    Row Count

    217

    Price

    $5.50

  19. T

    GDP PER CAPITA by Country in ASIA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 26, 2017
    + more versions
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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
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    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.

  20. M

    U.S. GDP Growth Rate

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). U.S. GDP Growth Rate [Dataset]. https://www.macrotrends.net/global-metrics/countries/usa/united-states/gdp-growth-rate
    Explore at:
    csvAvailable download formats
    Dataset updated
    May 31, 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

    Area covered
    United States
    Description
    U.S. gdp growth rate for 2023 was 2.89%, a 0.38% increase from 2022.
    <ul style='margin-top:20px;'>
    
    <li>U.S. gdp growth rate for 2022 was <strong>2.51%</strong>, a <strong>3.54% decline</strong> from 2021.</li>
    <li>U.S. gdp growth rate for 2021 was <strong>6.06%</strong>, a <strong>8.22% increase</strong> from 2020.</li>
    <li>U.S. gdp growth rate for 2020 was <strong>-2.16%</strong>, a <strong>4.75% decline</strong> from 2019.</li>
    </ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
    
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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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