Economy: Largest GDP, by country
CountryGDP,
in billion USD
U.S.United States of America25,462.73
ChinaChina17,886.33
JapanJapan4,237.53
GermanyGermany4,085.68
IndiaIndia3,389.69
U.K.United Kingdom3,081.87
FranceFrance2,780.14
RussiaRussia2,244.25
CanadaCanada2,137.94
ItalyItaly2,012.01
BrazilBrazil1,920.02
AustraliaAustralia1,702.55
KoreaKorea1,673.92
MexicoMexico1,465.85
SpainSpain1,418.92
IndonesiaIndonesia1,318.81
Saudi ArabiaSaudi Arabia1,108.15
NetherlandsNetherlands1,010.19
TurkeyTurkey905.84
SwitzerlandSwitzerland818.47
  • Region: Worldwide
  • Time period: 2022
  • Published: Oct 2023

Data Analysis and Insights

Updated: Mar 27, 2024 | Published by: Statistico

United States leads in GDP

United States boasts the highest GDP at 25,462.73 billion U.S. dollars, more than double that of China, the second-largest economy.

China secures second place

China holds second position with a GDP of 17,886.33 billion U.S. dollars, establishing itself as a major economic powerhouse.

Top 5 economies

The top 5 economies, including the United States, China, Japan (4,237.53 billion U.S. dollars), Germany (4,085.68 billion U.S. dollars), and India (3,389.69 billion U.S. dollars), together contribute a significant portion of the global GDP.

GDP gap between top 2 and others

The gap in GDP between China and Japan, the third-largest economy, is substantial, with China's GDP being over four times larger.

European countries in the top 10

Germany, the United Kingdom (3,081.87 billion U.S. dollars), France (2,780.14 billion U.S. dollars), and Italy (2,012.01 billion U.S. dollars) represent Europe in the top 10, highlighting the continent's economic strength.

Emerging economies show robust presence

India, Brazil (1,920.02 billion U.S. dollars), and Indonesia (1,318.81 billion U.S. dollars]) stand out as emerging economies with significant GDP figures, showcasing their growing global economic influence.

Asia's economic diversity

Asian countries like China, Japan, India, Korea (1,673.92 billion U.S. dollars), and Indonesia demonstrate the continent's diverse and dynamic economic landscape.

GDP of smallest economy among the top 20

Switzerland, with a GDP of 818.47 billion U.S. dollars, is the smallest economy among the top 20, yet it plays a significant role in the global economic framework.

GDP over 1 trillion U.S. dollars

Seventeen countries have a GDP exceeding 1 trillion U.S. dollars, underlining their substantial economic scales.

Latin America's representation

Brazil and Mexico (1,465.85 billion U.S. dollars) are the only Latin American countries in the top 20, reflecting their status as regional economic leaders.

Frequently Asked Questions

Which country has the highest GDP?

The United States has the highest GDP, with 25,462.73 billion U.S. dollars.

Who are the top 5 economies and what is their GDP?

The top 5 economies are the United States, China (17,886.33 billion U.S. dollars), Japan (4,237.53 billion U.S. dollars), Germany (4,085.68 billion U.S. dollars), and India (3,389.69 billion U.S. dollars).

How many countries in the top 20 have a GDP exceeding 1 trillion U.S. dollars?

Seventeen countries in the top 20 have a GDP exceeding 1 trillion U.S. dollars.

Terms and Definitions

GDP is the total monetary value of all the finished goods and services produced within a country's borders over a specific period, usually a year. It serves as a comprehensive indicator of a nation's overall economic health, reflecting the size and strength of its economy.

Nominal GDP is the GDP figure that has not been adjusted for inflation, reflecting the current market prices of goods and services. This measure does not consider the effects of price changes and can, therefore, provide an overestimated economic value in periods of high inflation.

Real GDP is a macroeconomic measure of economic output that adjusts for price changes i.e., inflation or deflation. In contrast to nominal GDP, real GDP provides a more accurate assessment of economic growth, as it factors in price changes, allowing comparisons across different time periods.

GNP is the total market value of all final goods and services produced by residents of a country, regardless of whether they are located within the country or overseas. It includes income earned by citizens and businesses abroad but excludes income generated within the country's borders by non-resident entities.

GDP per capita is a measure that breaks down a country's GDP by its total population, resulting in a per-person value. It is often considered an indicator of a country's standard of living or economic wellbeing of its inhabitants, although it does not account for income disparities within the population.

PPP is an economic theory that compares different countries' currencies through a market "basket of goods" approach. It factors in the relative cost of living and inflation rates, offering a more nuanced view of a country's economic position in comparison to others based on what a typical basket of goods would cost.

An exchange rate is the value of one country's currency in terms of another country's currency. It affects the relative prices of goods and services between two countries and thus impacts bilateral trade, investments, inflation, and the valuation of assets denominated in different currencies.

Economic growth is the increase or growth in a nation's production of goods and services, usually measured by the rise in real GDP over time. It is considered a positive development as it often leads to higher employment rates, increased wealth, and improved living standards.

Inflation is the rate at which the general level of prices for goods and services is rising and subsequently, purchasing power is falling. It is usually measured as an annual percentage increase in the consumer price index (CPI) and can affect everything from interest rates to government policies.
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