Below is the latest list of Countries by GDP, ranked as per the economic activity of each country in 2024. The United States economy is the largest in the world, measured by nominal GDP, followed by China, world's second largest with annual growth that consistently outpaces United States, ...
Top 10 largest economies in the world in 2023 Each country has unique characteristics and regional strengths that contribute to its economic growth. India, for example, has a strong foundation with robust macroeconomic fundamentals, domestic demand, fiscal discipline, high saving rates, and favourable...
Gross domestic product (GDP) refers to the market value of all final goods and services produced in a country in a given period. GDP per capita (GDP per citizen) is often considered an indicator of a country's standard of living.
2024, 2025 AND 2030 ESTIMATES FOR GROSS DOMESTIC PRODUCT (GDP) IN PPP INT$ The GDP data presented below are based on official country data published by the World Bank and IMF, inPurchasing Power Parityterms, corrected using World Economics estimates for out-of-dateGDP base years, and estimate...
Below, we can see both the nominal and PPP-adjusted GDP of each G7 and BRICS country in 2023. Nominal GDP is measured in USD with market-rate currency conversion, while the adjusted GDP uses international dollars (using the U.S. as a base country for calculations) which better account fo...
GDP is the total market value of all final goods and services produced in a country in a given year. Each country reports its data in its own currency. To compare the data, each country's statistics must be converted into a common currency. Two methods are used for conversion, nominal ...
The industrial output is used to measure the activity of large enterprises each with an annual main business turnover of at least 20 million yuan (US$2.91 million). Fixed-asset investment China's fixed-asset investment went up 5.1 pe...
This graphic shows real GDP growth across U.S. regions in 2023, based on data from theBureau of Economic Analysis. Which Regions Grew the Fastest in 2023? Below, we show the U.S. regions with the highest real GDP growth last year: ...
attributed to livestock rearing, slaughtering, transportation and others do not enter this stage of GDP calculation. In each phase that goes from the production to the marketing of the good, the calculations are based specifically on each step, so that in the end there are no overlapping values...
GDP is an important statistic that indicates whether an economy is growing or contracting. In the U.S., the government releases an annualized GDP estimate for every quarter and every year, followed by final figures for each of those periods.1 ...