Gross domestic product ranking table.

In 2024, the United States had the largest economy in the world, with a gross domestic product of just under 29 trillion U.S. dollars. China had the second largest economy, at around 18.5 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Italy's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

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 four are in Asia, alongside the U.S., Canada, 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.

The statistic shows the 20 countries with the largest proportion of the global gross domestic product (GDP) based on Purchasing Power Parity (PPP) in 2023. In 2023, Germany had an estimated share of about 3.15 percent of the global GDP.

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.

This layer contains Gross Domestic Product (GDP) Per Capita - the total value of goods produced and services provided, divided by the total population in each country, from 1960 to 2016, expressed in 2016 US Dollars. Expressing the GDP in "per capita" terms allows for better comparisons across countries. Total GDP is available in an accompanying layer. GDP as a measure has been largely criticized as an incomplete measure of productivity and wealth, as it does not take into account production in the informal economy, quality of life, degradation to the environment, or income distribution. However, GDP is an internationally comparable measure, used in everything from banks setting interest rates to political campaign speeches.Source: World Bank, World Development Indicators.

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.

Key information about China GDP Per Capita

• China Gross Domestic Product (GDP) per Capita reached 12,621.720 USD in Dec 2023, compared with 12,674.873 USD in Dec 2022.
• China GDP Per Capita data is updated yearly, available from Dec 1957 to Dec 2023, with an average number of 369.297 USD.
• The data reached an all-time high of 12,674.873 USD in Dec 2022 and a record low of 68.243 in Dec 1957.
• CEIC converts annual GDP per Capita into USD. The National Bureau of Statistics provides GDP per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

• In the latest reports, China GDP expanded 4.550 % YoY in Mar 2023.
• China Nominal GDP reached 4,166.759 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.400 % in Mar 2023.
• Gross Savings Rate of China was measured at 44.277 % in Dec 2023.

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

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.

The average for 2023 based on 11 countries was 10329.52 U.S. dollars. The highest value was in Guyana: 23325.12 U.S. dollars and the lowest value was in Bolivia: 3168.73 U.S. dollars. The indicator is available from 1960 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.

Gross Domestic Product (GDP): per Capita: Fujian data was reported at 129,865.000 RMB in 2023. This records an increase from the previous number of 123,618.000 RMB for 2022. Gross Domestic Product (GDP): per Capita: Fujian data is updated yearly, averaging 1,174.000 RMB from Dec 1952 (Median) to 2023, with 72 observations. The data reached an all-time high of 129,865.000 RMB in 2023 and a record low of 102.000 RMB in 1952. Gross Domestic Product (GDP): per Capita: Fujian data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product per Capita.

In 2023, the gross domestic product of Japan was estimated to be around 4.22 trillion U.S. dollars. This makes Japan third in the world GDP ranking. However, Japan's GDP is much closer to those countries below it in this ranking, as the two largest economies in the world, the U.S. and China, are both several times larger than that of Japan. After decades of rapid growth in the post-WWII era, Japan's economic growth has stagnated in recent decades, with figures fluctuating between four and 6.3 trillion U.S. dollars since the 1990s.

Germany DE: GDP: Real: per Capita data was reported at 39,960.579 EUR in 2023. This records an increase from the previous number of 39,819.663 EUR for 2022. Germany DE: GDP: Real: per Capita data is updated yearly, averaging 27,920.436 EUR from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 39,960.579 EUR in 2023 and a record low of 11,356.630 EUR in 1960. Germany DE: GDP: Real: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Germany – Table DE.World Bank.WDI: Gross Domestic Product: Real. GDP per capita is gross domestic product divided by midyear population. 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 constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

Graph and download economic data for Constant GDP per capita for Developing Countries in Latin America and Caribbean (NYGDPPCAPKDLAC) from 1960 to 2023 about Caribbean Economies, Latin America, per capita, and GDP.

Austria AT: GDP: Real: per Capita data was reported at 41,325.996 EUR in 2023. This records a decrease from the previous number of 42,088.611 EUR for 2022. Austria AT: GDP: Real: per Capita data is updated yearly, averaging 29,026.681 EUR from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 42,088.611 EUR in 2022 and a record low of 10,780.368 EUR in 1960. Austria AT: GDP: Real: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Austria – Table AT.World Bank.WDI: Gross Domestic Product: Real. GDP per capita is gross domestic product divided by midyear population. 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 constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

This map contains Gross Domestic Product - the total value of goods produced and services provided - by country, per capita in 2016, expressed in 2016 US Dollars. Expressing the GDP in "per capita" terms allows for better comparisons across countries. Total GDP is available in an accompanying map. GDP as a measure has been largely criticized as an incomplete measure of productivity and wealth, as it does not take into account production in the informal economy, quality of life, degradation to the environment, or income distribution. However, GDP is an internationally comparable measure, used in everything from banks setting interest rates to political campaign speeches.Source: World Bank, World Development Indicators.

Macau MO: GDP: per Capita data was reported at 649,245.784 MOP in 2017. This records an increase from the previous number of 591,774.793 MOP for 2016. Macau MO: GDP: per Capita data is updated yearly, averaging 137,410.347 MOP from Dec 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 750,822.462 MOP in 2014 and a record low of 28,015.397 MOP in 1982. Macau MO: GDP: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Macau – Table MO.World Bank: Gross Domestic Product: Nominal. GDP per capita is gross domestic product divided by midyear population. 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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Key information about United States GDP Per Capita

• United States Gross Domestic Product (GDP) per Capita reached 59,484.000 USD in Dec 2017, compared with 57,542.000 USD in Dec 2016.
• US GDP Per Capita data is updated yearly, available from Dec 1929 to Dec 2017, with an average number of 6,740.000 USD.
• The data reached an all-time high of 59,484.000 USD in Dec 2017 and a record low of 455.000 in Dec 1933.

• In the latest reports, US GDP expanded 1.800 % YoY in Mar 2023.
• US Nominal GDP reached 6,632.444 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.336 % in Mar 2023.
• Gross Savings Rate of US was measured at 16.000 % in Mar 2023.