Below is thelatest list of Countriesby 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, it...
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.
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...
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...
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...
The country will see 3.9 trillion yuan of special-purpose bonds for local governments to be issued this year, up by 100 billion yuan from last year. It will also issue ultra-long special treasury bonds over each of the next several years for the pu...
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 ...
Out of 196 economies, the rank of 154 economies changed in 2022. Venezuela and Guyana are the biggest gainers in the ranking by 17, followed by Azerbaijan up by 15 positions. Macao, Zimbabwe and Lao PDR lost 12 positions each, followed by Sri Lanka (-11) and Cote d'Ivoire (-11). ...
Which Country Has the Highest GDP? The United States has the highest GDP. In 2023, the U.S. had a GDP of $27.4 trillion. China had the second-largest GDP at $17.8 trillion.2 The Bottom Line Gross domestic product (GDP) is an important economic indicator of a nation that estimates the...
insight into their own country’s domestic productivity and the productivity of other countries. Per-capita GDP considers both a country’s GDP and its population. Therefore, it can be important to understand how each factor contributes to the overall result and is affecting per-capita GDP growth...