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World Economic Indicators: GDP and Trade Data for 40+ Countries

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We’ve ranked the top countries by GDP based on world economic data, including imports and exports.

Don’t miss our Frequently Asked Questions for more detailed information about GDP and how it’s calculated.

RankCountryFlagGDP (US$MM)Commodity Economic Profile
1USAFlag of USA$21,427,700USA's Economic Profile
2ChinaFlag of China$14,342,903China's Economic Profile
3JapanFlag of Japan$5,081,770Japan's Economic Profile
4GermanyFlag of Germany$3,845,630Germany's Economic Profile
5IndiaFlag of India$2,875,142India's Economic Profile
6UKFlag of United Kingdom$2,827,113UK's Economic Profile
7France$2,715,518France's Economic Profile
8ItalyFlag of Italy$2,001,244Italy's Economic Profile
9BrazilFlag of Brazil$1,839,758Brazil's Economic Profile
10CanadaFlag of Canada$1,736,426Canada's Economic Profile
11Russia$1,699,877Russia's Economic Profile
12South KoreaFlag of South Korea$1,642,383South Korea's Economic Profile
13SpainFlag of Spain$1,394,116Spain's Economic Profile
14AustraliaFlag of Australia$1,392,681Australia's Economic Profile
15MexicoFlag of Mexico$1,258,287Mexico's Economic Profile
16IndonesiaFlag of Indonesia$1,119,191Indonesia's Economic Profile
17NetherlandsFlag of Netherlands$909,070The Netherlands' Economic Profile
18Saudi ArabiaFlag of Saudi Arabia$792,967Saudi Arabia's Economic Profile
19TurkeyFlag of Turkey$754,412Turkey's Economic Profile
20SwitzerlandFlag of Switzerland$703,082Switzerland's Economic Profile
21PolandPoland Flag$592,164Poland's Economic Profile
22ThailandFlag of Thailand$543,650Thailand's Economic Profile
23SwedenFlag of Sweden$530,833Sweden's Economic Profile
24BelgiumFlag of Belgium$529,607Belgium's Economic Profile
25ArgentinaArgentina Flag$449,663Argentina's Economic Profile
26NigeriaFlag of Nigeria$448,120Nigeria's Economic Profile
27AustriaFlag of Austria$446,315Austria's Economic Profile
28United Arab EmiratesFlag of United Arab Emirates$421,142United Arab Emirates's Economic Profile
29NorwayFlag of Norway$403,336Norway's Economic Profile
30IsraelFlag of Israel$395,099Israel's Economic Profile
31IrelandFlag of Ireland$388,699Ireland's Economic Profile
32PhilippinesFlag of the Philippines$376,796Philippines's Economic Profile
33SingaporeFlag of Singapore$372,063Singapore's Economic Profile
34Hong KongFlag of Hong Kong$366,030Hong Kong's Economic Profile
35MalaysiaFlag of Malaysia$364,702Malaysia's Economic Profile
36South AfricaFlag of South Africa$351,432South Africa's Economic Profile
37DenmarkFlag of Denmark$348,078Denmark's Economic Profile
38ColombiaFlag of Colombia$323,803Colombia's Economic Profile
39EgyptFlag of Egypt$303,175Egypt's Economic Profile
40BangladeshFlag of Bangladesh$302,571
41ChileFlag of Chile$282,318
42PakistanFlag of Pakistan$278,222Pakistan's Economic Profile
43FinlandFlag of Finland$268,761Finland's Economic Profile
44VietnamFlag of Vietnam$261,921
45RomaniaFlag of Romania$250,077Romania's Economic Profile

Source: World Bank. Updated with 2019 GDP numbers as current US dollars.

More Economic Profiles

In addition to the top GDPs listed above, we also provide economic profiles for these countries:

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Gross Domestic Product (GDP) is a complex measurement that attempts to quantify a country’s economic status. Here we’ve compiled some common questions about this interesting metric.

How is GDP calculated?

According to the US Bureau of Economic Analysis, GDP is defined as the total market value of all final goods and services produced within a country quarterly or annually. GDP is calculated by adding together the following measurements:

MeasuresDefinition / Examples
Consumer spending +Goods and services people buy – eg, cars, groceries, health care, tax preparation services
Investment +Business spending on fixed assets (buildings, equipment) + investment in unsold inventory + consumer home purchases
Government spending +Spending by federal, state, and local governments – eg, schools, roads, national defense
Net exportsExports minus imports
Note: GDP doesn’t include charity work or criminal activities despite the impact these activities can have on people’s lives. 

What is GDP per capita?

GDP per capita is a way to express a country’s Gross Domestic Product in terms of its population size. It gives economists an idea of how prosperous a country’s residents are. Per capita means “per person.” The formula for GDP per capita = GDP ÷ Population. Example: US GDP ($18,569,100,000,000) ÷ US Population (331,002,651) = $56,100 GDP per capita.

What is nominal GDP?

Nominal GDP, also called current-price GDP, is a snapshot of a country’s Gross Domestic Product at a point in time. Nominal GDP doesn’t take into account inflation so it can’t be used to compare GDP from different periods.

Nominal GDP includes services but only includes goods produced in the final form. For example, a computer is counted in GDP but the microchips inside it aren’t counted as separate items. Nominal GDP also excludes sales.

What is GDP PPP?

GDP stands for Gross Domestic Product and PPP stands for Purchasing Power Parity. GDP is the “value of goods and services produced” by a country. It can be used to determine some aspects of a country’s economic health.

PPP takes into account the value of a country’s currency so its GDP can be compared to other countries. The formula for PPP = Cost1 ÷ Cost2 where Cost1 is the cost of goods in Country 1 and Cost2 is the cost of the same goods in Country 2. 

What is a GDP price deflator?

A GDP price deflator, also called an implicit price deflator, measures inflation affecting the price of goods and services produced by a country for a particular year. It allows the GDP for a particular country to be compared across years using any starting point. The formula for calculating the value of the GDP deflator is nominal GDP ÷ real GDP x 100.

What are imports and exports?

Imports are goods or services brought into a country from abroad for sale. Exports are sales of goods and services to another country. Here are the biggest commodity imports and exports in the US, China, Japan, Germany, and India:

Top Commodities ExportsTop Commodities Imports
Refined Petroleum ($137.3B)Crude Petroleum ($553.7B)
Crude Petroleum ($45.5B)Petroleum Gas ($80.4B)
Diamonds ($26.3B)Iron Ore ($59.2B)
Rice ($7.47B)Coal Briquettes ($49.1B)
Diamonds ($24.9B)
Refined Petroleum ($24.4B)
Gold ($32.8B)
Measured in $USD billions.

What is meant by the “global economy?”

The global economy is an attempt to measure the GDPs of all countries aggregated together. However, the number is hard to accurately quantify. By necessity, only one currency can be used and all other GDPs must be converted into that currency, despite volatile exchange rates that are inconsistent across borders.

Inflation must also be accounted for to compare global economy measures over time but inflation varies by country. 

Some impacts to the global economy cannot be measured at all – eg, illegal markets and goods are typically not included despite the significant impact these activities have on people’s lives.

How do exchange rates affect imports and exports?

Exchange rates do impact imports and exports, but the effect is complex. Using the US dollar as an example, if the dollar increases in value relative to other currencies, US exports will be more expensive for consumers in other countries.

Thus, fewer US goods may be sold overseas, lowering profits for US sellers. At the same time, US consumers will have more purchasing power to buy imported foreign goods which will appear cheaper than their competitors in the USA.

On the flip side, if the dollar loses value, then commodities and other raw materials imported from other countries will go up in price. That means products made in the USA from these materials will be more expensive

How do tariffs affect imports and exports?

Tariffs have three main effects on the prices of imports and exports which correspond to timeframes around the execution of the tariff:

  1. Stockpiling – [Before a tariff goes into effect] – Prior to an impending tariff, importers will stock up on the affected goods to avoid coming price increases or supply shortfalls, pushing the price of goods up before the tariff goes into effect.
  2. Substitution – [Tariff goes into effect] – Exporters may lower prices to compensate for the tariff, buyers may buy cheaper goods, importers may replace the tariffed item for a cheaper substitute, or the importer will pay higher prices.
  3. Pass-through – [After price adjustments to the tariff] – Importers will tend to match prices with non-tariffed products to avoid losing business altogether to cheaper competitors. However, tariffs on imported commodities make increased downstream product prices likely.

Which country has the highest GDP?

Current rankings are listed at the top of our page. Below are the top 5 annual GDPs since 1980, calculated as 2015 US dollars.

The World Bank predicts that by 2024, China will unseat the USA as having the largest GDP.

GDP Rank#1#2#3#4#5
*Federal Republic of Germany

Further Reading

Please note: while we try to be accurate, official figures (provided by governments, banks and other official sources) are often 2 or more years behind.

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