1. In 2023, the United States recorded a GDP of $27.36 trillion, marking a 2.5% growth rate and ranking first globally.2. The European Union's GDP, totaling €18.34 trillion, trailed closely behind but faced an uneven economic growth landscape, with major powers such ...
According to the IMF, the world economy, comprising 194 economies, in2024is projected to be around $110.06 trillion in nominal terms. This figure is almost $4.38 trillion more than compared to $105.69 trillion in2023. Global GDP in terms of PPP is forecast to be around Int. $194.57 trillio...
In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dol...
Oceania is the smallest continental economy in the world. Northern America ($32.7 trillion) has the highest economy among subregions, followed by Eastern Asia ($27.19 trillion) and Western Europe ($11.84 trillion). These three subregions together share about 62.08% of the global economy. In PPP...
The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2023, with projections up until 2029. The gross domestic product of the United States in 2023 amounted to around 27.72 trillion U.S. dollars. The United States and the economyThe United States’ economy ...
The total GDP of these 59 counties reached 9.6 trillion yuan, contributing 7.6 percent to the national GDP, an increase of 0.4 percentage points from the previous year. Kunshan's GDP exceeded 500 billion yuan, ranking it at the top of the China's 100-billion-yuan counties, followed closely...
Europe is the 3rd largest continental economy, accounting for 24.41% of the world's GDP in nominal terms. Europe is the 2nd largest continental economy after Asia in PPP methods, accounting for 21.28% of global wealth. The Western Europe region has the highest economy ($11.84 trillion) on ...
If we take our 2023 GDP data and thenadjust it by purchasing power, China is considered the No. 1 ranking country, with $34.6 trillion in PPP. The United States follows with $27.4 trillion PPP, and India with $14.5 trillion PPP.
According toreportsfrom local news media, the IMF’s forecasts suggest that Japan’s nominal GDP for 2023 will be approximately $4.23 trillion, a decrease of 0.2 percent from the previous year. In contrast, Germany’s nominal GDP is expected to reach $4.43 trillion, an 8.4 percent increase....
On the contrary, GNI and GDP in the U.S. do not differ substantially. U.S. GDP was $28.65 trillion as of Q2 2024, while its GNI was about $27.53 trillion at the end of 2023.1617 Adjustments to GDP A number of adjustments can be made to a country’s GDP to improve the useful...