GDP Ranked by Country 2019

What are the countries with the largest economies in the world? Here is a list of the top ten countries with the highest GDP:

  1. United States (GDP: $21,410,230)
  2. China (GDP: $15,543,710)
  3. Japan (GDP: $5,362,220)
  4. Germany (GDP: $4,416,800)
  5. India (GDP: $3,155,230)
  6. France (GDP: $3,060,070)
  7. United Kingdom (GDP: $3,022,580)
  8. Italy (GDP: $2,261,460)
  9. Brazil (GDP: $2,256,850)
  10. Canada (GDP: $1,908,530)

As of 2018, only four countries in the world have a GDP per capita in excess of US$100,000. These are Monaco (the highest at US$166,285), Liechtenstein, Luxembourg and Bermuda, all of which are known for attracting wealthy residents as well as for having very small populations, ranging from 38,155 (Liechtenstein) to 590,321 (Luxembourg). Conversely, at just US$247, South Sudan has the world's lowest GDP per capita, and many countries, predominantly in Africa, have a GDP per capita below US$1000.

Based on UN and IMF figures, the United States has the largest GDP in the world at $20.4 trillion (IMF) and $18.6 trillion (UN). The second-largest GDP is China's at $14.1 trillion (IMF) and $11.2 trillion (UN). However, the US has a population of 327 million, while China's population is the highest in the world – a massive 1.42 billion (although despite the significant difference, the US also has the third-highest population in the world, behind India in second place with 1.35 billion.

Japan, Germany and the United Kingdom make up the rest of the top five countries with the largest GDPs at $5,167,050, $4,211,640 and $2,936,290 trillion (US$), respectively (based on IMF figures). Many island nations feature on the list of countries with the lowest GDPs. The British Commonwealth nation of Tuvalu is the lowest with a GDP of US$43 million, followed by the Micronesian island of Nauru at $114 million and the Marshall Islands at $205 million. Not surprisingly, these islands also have small populations and correspondingly low GDP per capita figures, ranging from $3,810 (Tuvalu) to $10,078 (Nauru).

World GDP

The world GDP is the added total of the gross national income for every country in the world. Gross national income takes a country’s GDP, adds the value of income from imports, and subtracts the value of money from exports. The value of gross national income, GNI, differs from that of GDP because it reflects the impact of domestic and international trade.

When the GNIs of every country in the world are added together, the value of imports and exports are in balance. The world economy consists of 193 economies, with the United States being the largest.

As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it’s projected to be $88,081.13 billion in 2019. In 2018, the growth rate for the world GDP was 3.6%.

Nominal GDP vs. PPP GDP

To compare GDPs around the world, currencies must be converted so that they’re consistent across all countries. There are two main systems of common currency conversion: nominal and PPP. These two approaches to GDP estimation have separate strengths and are generally used for different reasons.

Nominal GDP is useful for large-scope GDP comparison, either for a country or region, or on an international scale. The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. The rate of price increases in an economy are also factored into nominal GDP.

The main downfall of nominal GDP is that it doesn’t account for the living standards in a country - it focuses only on economic growth and performance. Also, generally speaking, nominal GDP can differ significantly from year to year depending on variations in exchange rate.

PPP stands for purchasing power parity. PPP GDP is used to measure both the economic growth and living standards in a country, making it a useful tool in global comparisons. The PPP approach uses exchange rates to convert one country’s currency into the other. Then, using a consistent amount of money, the quantity of goods and services that may be purchased in the countries are compared. For example, PPP may compare the cost of a car in France to the cost of a car in Japan (after using the exchange rate to convert yen to Euros, or vice versa) to analyze the difference in GDP and cost of living between these nations. PPP GDP stays relatively stable from year to year and isn’t significantly impacted by shifts in exchange rate.

PPP GDP can be faulted for the fact that it doesn’t incorporate discrepancies in quality between goods and services in different countries. In general, it’s less exact than nominal GDP and often hinges on estimates rather than calculations. As such, nominal GDP is typically used to measure and compare the size of national economies.

Nominal GDP Rankings by Country

According to the International Monetary Fund, these are the highest ranking countries in the world in nominal GDP:

  1. United States (GDP: $20,494,050)
  2. China (GDP: $13,407,398)
  3. Japan: (GDP: $4,971,929)
  4. Germany: (GDP: $4,000,386)
  5. United Kingdom: (GDP: $2,828,644)
  6. France: (GDP: $2,775,252)
  7. India: (GDP: $2,716,746)
  8. Italy: (GDP: $2,072,201)
  9. Brazil: (GDP: $1,868,184)
  10. Canada: (GDP: $1,711,387)

The Largest Economies in the World

The three largest economies in the world as measured by nominal GDP are the United States, China, and Japan. Economic growth and prosperity are impacted by a wide array of factors, namely investment in workforce education, production output (as determined by investment in physical capital), natural resources, and entrepreneurship. The economies of the U.S., China, and Japan all have a unique combination of these factors that have led to economic growth over time, as outlined below.

The United States of America

The largest economy in the world is that of the United States. A number of circumstances contribute to this, namely support for entrepreneurship, gradual population growth, high average income, low unemployment rates, and high consumer spending. The 2019 nominal GDP for the United States is $21,482.41 billion.

The United States comes in second in the world when it comes to approximate total value of natural resources. In 2016, the country had an estimated natural resource value of $45 trillion. The U.S. is also comes out ahead of every other country in the world when it comes to natural gas and oil production.

The U.S. is known globally for cultivating a society that supports and encourages entrepreneurship. Entrepreneurs create job opportunities and boost the size of the workforce, and an entrepreneurial culture encourages innovation across industries, in turn leading to economic growth. The United States stimulates entrepreneurship by upholding free, unrestricted markets and powerful legal protections for intellectual property.

Population growth is a major contributor to the size of the U.S. economy. While the growth of the U.S. population has slowed in the past decade, immigration and a younger workforce make for a diverse labor market. This provides a boost to the economy, further attracting immigrants to the country.

The U.S. also has one of the leading manufacturing industries in the world, coming in second only to China. This industry employed 12.56 million people in December 2017, a 1.7% increase from the previous year. The record output of the U.S. industrial sector was in the first quarter of 2018 and came out to $2 trillion.

The U.S. dollar is the most widely used currency for global transactions. It’s used as the primary currency in several other countries, which is a process called dollarization. The U.S. dollar is also used at the de facto currency in a number of countries, including Cambodia, Iraq, Aruba, and the Dominican Republic.

China

China has a steadily and strategically growing economy, with an average growth rate of 9.52% between 1989 and 2019. While China is the second largest economy when considering nominal GDP, it’s the largest economy in the world using PPP.

China has approximately $23 trillion in natural resources. 90% of these natural assets are rare earth metals and coal, giving the country a high potential for energy and oil production.

Worker efficiency is the driving force behind the growth of China’s economy, and this has been the case ever since the country implemented a drastic economic reform program in 1978. Between 1979 and 1994, increases in worker productivity were responsible for over 42% of China’s economic growth.

China’s economic reform program of 1978 emphasized the creation of private and rural businesses, the easing of state regulations on prices, and investment in workforce education and industrial output. The program was, by most counts, a large success and resulted in a rise in average economic growth from approximately 6% pre-reform to 9% post-reform.

Japan

Japan’s economy, the third largest in the world according to nominal GDP calculations, is market-driven, meaning that businesses, production, and prices shift according to consumer demand, not governmental action. Japan's economy showed a GDP growth rate of 1.9% in 2017, 1% in 2018, and is estimated at 0.9% in 2019.

Factors contributing to the size of Japan’s economy are their electronic goods industry, which is the largest in the world, and their automobile industry, which is the third largest in the world. Japan’s electronics industry is praised for its innovation, which asserts Japan as a global leader in the field.

Despite its strengths, the Japanese economy faces formidable challenges going forward. The nation’s population is shrinking and predicted to drop below 100 million from 127 million by 2050. Additionally, the country’s ratio of public debt to GDP is the highest among the world’s developed nations; in 2017, national debt stood at 236% in comparison with GDP.

Unlike the U.S. and China, Japan isn’t a leader in natural resources. In fact, it comes up short in natural resources to uphold its rising population and advancing economy. It’s an island country with a volcanic, hilly landscape, which greatly diminishes the nation’s potential for output of agricultural products, petroleum, and raw materials.

IMF data from the April 2018 IMF World Economic Outlook database.

UN data from the July 2018 World Development Indicators.

GDP is in trillions of US dollars.

Rank Name 2019 Population GDP (IMF) GDP (UN '16) GDP Per Capita
1United States329,064,91721,410,23018,624,475$65,064
2China1,433,783,68615,543,71011,218,281$10,841
3Japan126,860,3015,362,2204,936,212$42,269
4Germany83,517,0454,416,8003,477,796$52,885
5India1,366,417,7543,155,2302,259,642$2,309
6France65,129,7283,060,0702,465,454$46,984
7United Kingdom67,530,1723,022,5802,647,899$44,759
8Italy60,550,0752,261,4601,858,913$37,349
9Brazil211,049,5272,256,8501,795,926$10,693
10Canada37,411,0471,908,5301,529,760$51,015
11South Korea51,225,3081,777,6501,411,246$34,703
12Russia145,872,2561,754,2901,246,015$12,026
13Spain46,736,7761,583,8701,237,255$33,889
14Australia25,203,1981,581,8901,304,463$62,765
15Mexico127,575,5291,285,0801,076,914$10,073
16Indonesia270,625,5681,152,890932,259$4,260
17Netherlands17,097,130994,771777,228$58,184
18Turkey83,429,615961,655863,712$11,527
19Switzerland8,591,365779,327668,851$90,710
20Saudi Arabia34,268,528759,219639,617$22,155
21Argentina44,780,677659,694545,866$14,732
22Poland37,887,768649,974471,402$17,155
23Sweden10,036,379628,802514,476$62,652
24Taiwan23,773,876620,600$26,104
25Belgium11,539,328587,699467,955$50,930
26Thailand69,625,582520,074407,026$7,470
27Austria8,955,102503,538390,800$56,229
28Nigeria200,963,599475,566404,649$2,366
29Norway5,378,857460,177371,069$85,553
30United Arab Emirates9,770,529427,830348,744$43,788
31Iran82,913,906413,114425,403$4,982
32Ireland4,882,495409,225304,819$83,815
33Malaysia31,949,777402,605296,531$12,601
34Israel8,519,377390,656317,748$45,855
35Hong Kong7,436,154387,983320,912$52,175
36South Africa58,558,270386,853295,440$6,606
37Denmark5,771,876386,403306,900$66,946
38Singapore5,804,337367,783296,946$63,363
39Philippines108,116,615355,744304,906$3,290
40Colombia50,339,443347,027282,463$6,894
41Bangladesh163,046,161312,794220,837$1,918
42Finland5,532,156304,133238,503$54,975
43Chile18,952,038295,844247,046$15,610
44Czech Republic10,689,209276,961195,305$25,910
45Romania19,364,557265,265186,691$13,698
46Vietnam96,462,106264,939205,276$2,747
47Portugal10,226,187260,353204,837$25,459
48Peru32,510,453246,714192,210$7,589
49Greece10,473,455235,836192,691$22,517
50New Zealand4,783,063235,328187,517$49,200
51Iraq39,309,783233,402160,021$5,938
52Algeria43,053,054208,773159,049$4,849
53Qatar2,832,067193,906152,452$68,468
54Kazakhstan18,551,427190,469135,005$10,267
55Hungary9,684,679172,827125,817$17,845
56Kuwait4,207,083140,146110,346$33,312
57Morocco36,471,769129,033103,607$3,538
58Ukraine43,993,638126,72193,270$2,880
59Angola31,825,295121,138106,918$3,806
60Slovakia5,457,013119,87589,769$21,967
61Ecuador17,373,662109,86698,010$6,324
62Sri Lanka21,323,73399,65181,322$4,673
63Puerto Rico2,933,40896,980105,035$33,061
64Kenya52,573,97395,80370,526$1,822
65Venezuela28,515,82992,417291,376$3,241
66Ethiopia112,078,73089,72770,315$801
67Guatemala17,581,47287,81968,763$4,995
68Oman4,974,98685,63663,171$17,213
69Dominican Republic10,738,95884,58571,584$7,876
70Luxembourg615,72977,43658,631$125,763
71Myanmar54,045,42074,97465,698$1,387
72Panama4,246,43972,37155,188$17,043
73Bulgaria7,000,11968,49053,240$9,784
74Uruguay3,461,73466,74952,420$19,282
75Costa Rica5,047,56164,85057,436$12,848
76Croatia4,130,30463,81051,231$15,449
77Tanzania58,005,46361,660$1,063
78Belarus9,452,41161,52247,408$6,509
79Slovenia2,078,65460,63844,709$29,172
80Lithuania2,759,62758,21542,773$21,095
81Macau640,44557,57345,311$89,895
82Ghana30,417,85656,72542,794$1,865
83Lebanon6,855,71356,37950,458$8,224
84Ivory Coast25,716,54452,97936,768$2,060
85Serbia8,772,23551,30438,300$5,848
86Azerbaijan10,047,71847,92637,847$4,770
87Uzbekistan32,981,71647,89267,779$1,452
88Libya6,777,45246,92342,960$6,923
89Turkmenistan5,942,08946,40136,180$7,809
90Jordan10,101,69444,79438,655$4,434
91Bolivia11,513,10043,80433,806$3,805
92DR Congo86,790,56743,66340,337$503
93Tunisia11,694,71941,95641,704$3,588
94Cameroon25,876,38041,74832,217$1,613
95Bahrain1,641,17239,70332,179$24,192
96Latvia1,906,74338,62127,573$20,255
97Paraguay7,044,63634,61527,165$4,914
98Estonia1,325,64833,26723,338$25,095
99Iceland339,03131,64620,270$93,342
100El Salvador6,453,55330,70926,797$4,758
101Uganda44,269,59429,69025,308$671
102Nepal28,608,71028,75020,914$1,005
103Papua New Guinea8,776,10927,41119,694$3,123
104Zambia17,861,03027,21721,063$1,524
105Cambodia16,486,54226,62820,017$1,615
106Cyprus1,198,57526,35920,046$21,992
107Honduras9,746,11724,82321,517$2,547
108Afghanistan38,041,75422,92520,235$603
109Trinidad and Tobago1,394,97322,53324,086$16,153
110Senegal16,296,36421,72214,605$1,333
111Bosnia and Herzegovina3,301,00021,50216,910$6,514
112Zimbabwe14,645,46821,06716,124$1,438
113Laos7,169,45520,05915,806$2,798
114Botswana2,303,69719,26815,566$8,364
115Mali19,658,03119,24714,002$979
116Gabon2,172,57918,09613,863$8,329
117Yemen29,161,92217,45225,374$598
118Georgia3,996,76517,43314,333$4,362
119Albania2,880,91716,14611,864$5,604
120Malta440,37216,04610,999$36,437
121Burkina Faso20,321,37815,86711,695$781
122Jamaica2,948,27915,84514,057$5,374
123Nicaragua6,545,50215,49913,230$2,368
124Mozambique30,366,03615,01710,930$495
125Brunei433,28514,79111,400$34,137
126Mauritius1,269,66814,21712,216$11,197
127Namibia2,494,53014,07110,947$5,641
128Macedonia2,083,45913,90410,746$6,674
129Mongolia3,225,16713,78611,160$4,275
130Madagascar26,969,30713,55911,222$503
131Bahamas389,48212,89911,262$33,118
132Armenia2,957,73112,69610,572$4,292
133Chad15,946,87612,24011,267$768
134Benin11,801,15112,2008,894$1,034
135Guinea12,771,24611,6988,476$916
136Equatorial Guinea1,355,98611,38610,678$8,397
137Republic of the Congo5,380,50810,9237,778$2,030
138Niger23,310,71510,7177,528$460
139Rwanda12,626,95010,5328,474$834
140Moldova4,043,2639,9036,773$2,449
141Haiti11,263,0779,7517,647$866
142Somalia15,442,9058,2101,318$532
143Tajikistan9,321,0188,1766,952$877
144Kyrgyzstan6,415,8508,0296,551$1,251
145Eritrea3,497,1177,7175,414$2,207
146Malawi18,628,7477,0245,318$377
147Togo8,082,3666,0784,449$752
148Montenegro627,9875,8624,374$9,335
149Fiji889,9535,7944,671$6,510
150Mauritania4,525,6965,5404,667$1,224
151Barbados287,0255,5164,553$19,218
152Maldives530,9535,1694,224$9,735
153Swaziland1,148,1304,6444,007$4,045
154Burundi11,530,5804,5262,874$393
155Suriname581,3724,2263,278$7,269
156Sierra Leone7,813,2153,9763,675$509
157Guyana782,7663,9113,437$4,996
158Liberia4,937,3743,5342,757$716
159Lesotho2,125,2683,0622,241$1,441
160Timor-Leste1,293,1193,0292,703$2,342
161South Sudan11,062,1132,8076,534$254
162Bhutan763,0922,8002,213$3,669
163Djibouti973,5602,3801,892$2,445
164Central African Republic4,745,1852,3341,810$492
165Cape Verde549,9352,0991,639$3,817
166Belize390,3531,9871,741$5,090
167San Marino33,8601,8641,591$55,050
168Saint Lucia182,7901,8251,397$9,984
169Guinea-Bissau1,920,9221,7281,123$900
170Antigua and Barbuda97,1181,6931,460$17,432
171Seychelles97,7391,6591,434$16,974
172Solomon Islands669,8231,4631,134$2,184
173Grenada112,0031,2491,016$11,151
174Gambia2,347,7061,159986$494
175Saint Kitts and Nevis52,8231,024910$19,385
176Vanuatu299,8821,024838$3,415
177Samoa197,097920822$4,668
178Saint Vincent and the Grenadines110,589871765$7,876
179Comoros850,8867811,150$918
180Dominica71,808542581$7,548
181Sao Tome and Principe215,056489343$2,274
182Tonga104,494454401$4,345
183Micronesia113,815342330$3,005
184Palau18,008341310$18,936
185Kiribati117,606220174$1,871
186Marshall Islands58,791211183$3,589
187Nauru10,756114103$10,599
188Tuvalu11,6464537$3,864
189Andorra77,1422,858$37,054
190Anguilla14,869338$22,700
191Aruba106,3142,667$25,086
192Bermuda62,5066,127$98,028
193British Virgin Islands30,030971$32,342
194Cayman Islands64,9483,844$59,187
195Cook Islands17,548290$16,537
196Cuba11,333,48389,689$7,914
197Curacao163,4243,121$19,100
198North Korea25,666,16116,789$654
199Egypt100,388,073270,144$2,691
200French Polynesia279,2875,418$19,399
201Greenland56,6722,283$40,283
202Liechtenstein38,0196,194$162,910
203Monaco38,9646,468$165,999
204Montserrat4,98962$12,438
205New Caledonia282,7509,446$33,407
206Pakistan216,565,318282,506$1,304
207Sint Maarten42,3881,072$25,292
208Palestine4,981,42013,397$2,689
209Sudan42,813,23882,887$1,936
210Syria17,070,13522,163$1,298
211Turks and Caicos Islands38,191918$24,025
Rank Name 2019 Population GDP (IMF) GDP (UN '16) GDP Per Capita
1Germany83,517,0454,416,8003,477,796$52,885
2France65,129,7283,060,0702,465,454$46,984
3United Kingdom67,530,1723,022,5802,647,899$44,759
4Italy60,550,0752,261,4601,858,913$37,349
5Russia145,872,2561,754,2901,246,015$12,026
6Spain46,736,7761,583,8701,237,255$33,889
7Netherlands17,097,130994,771777,228$58,184
8Switzerland8,591,365779,327668,851$90,710
9Poland37,887,768649,974471,402$17,155
10Sweden10,036,379628,802514,476$62,652
11Belgium11,539,328587,699467,955$50,930
12Austria8,955,102503,538390,800$56,229
13Norway5,378,857460,177371,069$85,553
14Ireland4,882,495409,225304,819$83,815
15Denmark5,771,876386,403306,900$66,946
16Finland5,532,156304,133238,503$54,975
17Czech Republic10,689,209276,961195,305$25,910
18Romania19,364,557265,265186,691$13,698
19Portugal10,226,187260,353204,837$25,459
20Greece10,473,455235,836192,691$22,517
21Hungary9,684,679172,827125,817$17,845
22Ukraine43,993,638126,72193,270$2,880
23Slovakia5,457,013119,87589,769$21,967
24Luxembourg615,72977,43658,631$125,763
25Bulgaria7,000,11968,49053,240$9,784
26Croatia4,130,30463,81051,231$15,449
27Belarus9,452,41161,52247,408$6,509
28Slovenia2,078,65460,63844,709$29,172
29Lithuania2,759,62758,21542,773$21,095
30Serbia8,772,23551,30438,300$5,848
31Latvia1,906,74338,62127,573$20,255
32Estonia1,325,64833,26723,338$25,095
33Iceland339,03131,64620,270$93,342
34Cyprus1,198,57526,35920,046$21,992
35Albania2,880,91716,14611,864$5,604
36Malta440,37216,04610,999$36,437
37Macedonia2,083,45913,90410,746$6,674
38Moldova4,043,2639,9036,773$2,449
39Montenegro627,9875,8624,374$9,335
40San Marino33,8601,8641,591$55,050
41Andorra77,1422,858$37,054
42Liechtenstein38,0196,194$162,910
43Monaco38,9646,468$165,999
Rank Name 2019 Population GDP (IMF) GDP (UN '16) GDP Per Capita
1Nigeria200,963,599475,566404,649$2,366
2South Africa58,558,270386,853295,440$6,606
3Algeria43,053,054208,773159,049$4,849
4Morocco36,471,769129,033103,607$3,538
5Angola31,825,295121,138106,918$3,806
6Kenya52,573,97395,80370,526$1,822
7Ethiopia112,078,73089,72770,315$801
8Tanzania58,005,46361,660$1,063
9Ghana30,417,85656,72542,794$1,865
10Ivory Coast25,716,54452,97936,768$2,060
11Libya6,777,45246,92342,960$6,923
12Tunisia11,694,71941,95641,704$3,588
13Cameroon25,876,38041,74832,217$1,613
14Uganda44,269,59429,69025,308$671
15Zambia17,861,03027,21721,063$1,524
16Senegal16,296,36421,72214,605$1,333
17Zimbabwe14,645,46821,06716,124$1,438
18Botswana2,303,69719,26815,566$8,364
19Mali19,658,03119,24714,002$979
20Gabon2,172,57918,09613,863$8,329
21Burkina Faso20,321,37815,86711,695$781
22Mozambique30,366,03615,01710,930$495
23Mauritius1,269,66814,21712,216$11,197
24Namibia2,494,53014,07110,947$5,641
25Madagascar26,969,30713,55911,222$503
26Chad15,946,87612,24011,267$768
27Benin11,801,15112,2008,894$1,034
28Guinea12,771,24611,6988,476$916
29Equatorial Guinea1,355,98611,38610,678$8,397
30Niger23,310,71510,7177,528$460
31Rwanda12,626,95010,5328,474$834
32Somalia15,442,9058,2101,318$532
33Eritrea3,497,1177,7175,414$2,207
34Malawi18,628,7477,0245,318$377
35Togo8,082,3666,0784,449$752
36Mauritania4,525,6965,5404,667$1,224
37Swaziland1,148,1304,6444,007$4,045
38Burundi11,530,5804,5262,874$393
39Sierra Leone7,813,2153,9763,675$509
40Liberia4,937,3743,5342,757$716
41Lesotho2,125,2683,0622,241$1,441
42South Sudan11,062,1132,8076,534$254
43Djibouti973,5602,3801,892$2,445
44Central African Republic4,745,1852,3341,810$492
45Cape Verde549,9352,0991,639$3,817
46Seychelles97,7391,6591,434$16,974
47Gambia2,347,7061,159986$494
48Comoros850,8867811,150$918
49Egypt100,388,073270,144$2,691
50Sudan42,813,23882,887$1,936