List of countries by GDP (nominal)


is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population.
Comparisons of national wealth are also frequently made on the basis of purchasing power parity, to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, does not take into account the differences of quality of goods and services among countries, and it also requires more estimation than nominal GDP. On the whole, PPP per capita figures are less spread than nominal GDP per capita figures.
The United States is the world's largest economy with a GDP of approximately $20.513 trillion, notably due to high average incomes, a large population, capital investment, low unemployment, high consumer spending, a relatively young population, and technological innovation. Tuvalu is the world's smallest national economy, with a GDP of about $32 million, because of its very small population, a lack of natural resources, reliance on foreign aid, negligible capital investment, demographic problems, and low average incomes.
Although the rankings of national economies have changed considerably over time, the United States has maintained its top position since the Gilded Age, a time period in which its economy saw rapid expansion, surpassing the British Empire and Qing dynasty in aggregate output. Since China's transition to a market-based economy through controlled privatisation and deregulation, the country has seen its ranking increase from ninth in 1978 to second to only the United States in 2016 as economic growth accelerated and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016. India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s. When supranational entities are included, the European Union is the second largest economy in the world. It was the largest from 2004, when ten countries joined the union, to 2014, after which it was surpassed by the United States.
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF definitive data for the past year and estimates for the current year are published twice a year in April and October. Non-sovereign entities and states with limited international recognition are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics.

Lists

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RankCountry/TerritoryGDP
World87,265,226
121,439,453
—18,705,132
214,140,163
35,154,475
43,863,344
52,935,570
62,743,586
72,707,074
81,988,636
91,847,020
101,730,914
111,637,892
121,629,532
131,397,870
141,376,255
151,274,175
161,111,713
17902,355
18779,289
19743,708
20715,360
—586,104
21565,854
22529,177
23528,929
24517,609
25458,500
26447,718
27446,543
28445,469
29417,627
30405,771
31387,717
32384,940
—'372,989
33365,303
34362,818
35358,839
36356,814
37347,176
38327,895
39317,465
40302,256
41294,237
42284,214
43269,654
44261,637
45246,953
46243,698
47236,408
48228,989
49224,462
50214,012
51204,671
52191,849
53172,781
54170,407
55170,326
56150,401
57137,591
58119,040
59107,914
60106,552
—'99,913
6198,607
6291,527
6391,166
6489,475
6586,566
6681,318
6776,609
6870,140
6969,453
7068,536
7167,077
7266,250
7365,994
7462,224
7562,572
7661,021
7760,702
7860,490
7960,043/Na
8059,918
8158,565
—'55,136
8254,154
8353,641
8451,523
8548,994
8647,171
8746,674
8844,439
8944,172
9042,401
9140,714
9238,732
9338,632
9438,184
9535,045
9633,018
9731,038
9830,873
9930,666
10029,855
10129,813
10226,871
10326,730
10424,449
10524,280
10623,946
10723,940
10823,918
10923,587
11022,607
11120,106
11219,127
11318,734
11418,690
11517,647
11716,877
11615,925
11815,702
11915,418
12015,093
12114,859
12214,593
12314,391
12414,374
12514,368
12613,637
12713,444
12813,368
12912,818
13012,672
13112,664
13212,550
13312,528
13412,455
13512,142
13611,688
13711,576
13811,026
13910,209
1409,443
1418,819
1428,261
1438,152
—7,996
1447,522
1455,786
1465,502
1475,651
1485,424
1495,708
1505,189
1514,958
1524,657
1534,229
1544,121
1553,774
1563,681
1573,573
1583,221
1593,166
1602,938
—'2,903
1612,842
1622,741
1632,321
1642,110
1652,001
1661,992
1671,773
1681,688
1691,644
1701,591
1711,440
1721,238
1731,179
1741,032
175951
176905
177856
178593
179488
180430
181381
182291
183220
184184
185108
18642

RankCountry/TerritoryGDP
World
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
—574,905
22
23
24
25
26
27
28
29
30
31
32
33
34
—'
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61'
—
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
—
80
81'
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
—
119
120
121'
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
—
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173917
174851
175825
176596
177
178429
179
180
181
182195
183118
18447

RankCountry/TerritoryGDP
World
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
—
22
23
24
25
26
27
28
29
30
31
32
33
—'
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
—'
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
—'
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
—
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
—'
142
143
144
145
—
146
147
148
149
150
151
—'
—'
152
153
—'
154
155
156
157
158
159
160
161
162
—'
—'
—'
163
164
165
166
167
168
169
170
171
172
173
—'
174
175
176
177
—'
178
179
180
—'
181
—'980
182889
183834
184811
185551
186504
187411
188371
—'363
—'293
189284
190214
191189
192127
—64
19346