Going forward, the Japanese economy faces some large challenges such as a declining population and an ever-increasing debt that, as of 2017, is 236% of its GDP. Germany has a GDP (PPP) of $4.44 trillion and a per capita GDP of $46,560, the 18th –highest in the world. GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes. GDP (current US$) from The World Bank: Data. Also strange that Taiwan doesn’t even register. Japan represented 17.8% of the world's economy in 1994 (highest point), after that its contribution to the world's economy has gradually diminished, and reached its lowest point in 2012 (8.32%). The German economy is the fourth-largest in the world with a GDP of $4.0 trillion. These measures have helped India accelerate economic growth. The following Table is based on UN GDP data. The German economy is currently in the middle of its fourth industrial revolution due to the Internet and the digital age. Our latest visualization captures the state of the global economy on the eve of all the coronavirus disruption. All materials posted herein are protected by copyright law and the Brazil represented 3.34% of the world's economy in 2011 (highest point), and had its lowest world economy share... Canada. France accounts for about one-third of all agricultural land in the European Union and is the sixth-largest agricultural producer and the second-largest agricultural exporter in the world, behind the United States. We found the data for 2019 gross domestic product figures over at the World Bank. India is developing into an open-market economy from its previous autarkic policies. Italy’s economy is expected to expand to $2.26 trillion by 2023. This is an alphabetical list of countries by past and projected gross domestic product (nominal) as ranked by the IMF. The United States Department of Agriculture has calculated the share of every country to global real GDP from 1969 to 2010.. Infographic exploring the trends in world GDP from 1AD to 2008AD. World Bank statistics of the ten largest economies by GDP (PPP), Angus Maddison statistics of the ten largest economies by GDP (PPP). Probably overstated, but China is not small. In terms of GDP purchasing power parity, the UK is in the ninth spot with a GDP (PPP) of The UK is ranked 23rd for GDP per capita which is $42,558. You can change your personal cookie settings through your internet browser settings. These two approaches to GDP estimation have separate strengths and are generally used for different reasons. Values are given in millions of United States dollars (USD) and have not been adjusted for inflation. Italy represented 5.11% of the world's economy in 1969. PPP GDP can be faulted for the fact that it doesn’t incorporate discrepancies in quality between goods and services in different countries. 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. China has approximately $23 trillion in natural resources, 90% of which are rare earth metals and coal. Before World War II, Italy was primarily an agricultural economy and has now transformed into one of the world’s most advanced nations. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Values are given in USDs and have not been adjusted for inflation. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. The growing population in the U.S. has helped diversify the workforce. The U.S. remains by far the largest economy in the world with a GDP of $21.43T or 24.42% of the entire globe. They were placed on your computer when you launched this website. Our latest visualization captures the state of the global economy on the eve of all the coronavirus disruption. The UK is expected to fall to the seventh-largest economy by 2023 with a GDP of $3.27 trillion. Brazil has the world’s 73rd highest per capita GDP of $8,967 and a GDP (PPP) of $2.40 trillion. According to the Corruption Perceptions Index, Canada is one of the least corrupt countries in the world and one of the world’s top ten trading countries. France’s GDP per capita is $42,877.56, the 19th highest in the world, and GDP (PPP) is $2.96 trillion. Many companies are allowing their employees to work remotely forever. Very interesting. The United States has been the world’s largest economy since 1871. , The following table provides GDP estimates for the 20 largest economies from 2016 to 2050 made by UK based PricewaterhouseCoopers in February 2017. From 2000 to 2012, Brazil was one of the fastest-growing major economies in the world. While the definition of GDP is straightforward, accurately measuring it is … Looking at the GDP figures from a historic perspective allows an understanding of what phase is the economy of a country at the moment. Are you sure you want to delete this page? Search and explore the world’s largest statistical database to find data. World GDP. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. 1. 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. "National Accounts - Analysis of Main Aggregates (AMA)", "Report for Selected Countries and Subjects", "– PricewaterhouseCoopers, February 2017, p. 68", 2017 World Economic Outlook (WEO) Database, Archive of the WEO databases, from 1999 to 2011, List of top international rankings by country, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_past_and_projected_GDP_(nominal)&oldid=988741404, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 15 November 2020, at 00:07. Infographic exploring the trends in world GDP from 1AD to 2008AD. PPP GDP is used to measure both the economic growth and living standards in a country, making it a useful tool in global comparisons. According to World Bank, France has unfortunately experienced high unemployment rates in recent years: a 10% unemployment rate was recorded for 2014, 2015, and 2016 and it declined to 9.681% in 2017. International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Brazil, however, has one of the most unequal economies in the world. According to the International Monetary Fund, Germany accounted for 28% of the euro area economy. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). In 2018, the growth rate for the world GDP was 3.6%. The reform program emphasized the creation of private and rural businesses, easing the state regulations on prices, and investment in workforce education and industrial output. Would like to see a similar chart with GDP per capita. Nominal GDP reflects the prices for the year in which the goods were produced. France has a nominal GDP of $2.71 trillion. International Monetary Fund (IMF), World Economic Outlook (WEO) database, October 2016 edition, gross domestic product, current prices, (millions of) U.S. dollars. CSV XML EXCEL. If you continue to navigate this website beyond this page, cookies will be placed on your browser. World and regional statistics, national data, maps and rankings, Discover new signals and insights from leading alternative and fundamental data providers, Latest releases of new datasets and data updates from different sources around the world. France’s economy is a diversified free-market-oriented economy. The list of countries by GDP showed on this page is based on the latest data from the World Economic Outlook by the International Monetary Fund. List of countries by unemployment rate in 2019 presented on this page is based on estimates from the International Labor Organization (ILO) -... Knoema is the most comprehensive source of global decision-making data in the world. After rising to 5.18% in 1974, its contribution to the world's economy fell to 2.81% in 2012 (lowest point). I am highly suspicious of the ChiCom data on GDP on how much of this is actually produced through goods and services vs. fabricated by the commie government. . South Georgia and the South Sandwich Islands, Center for Business and Economic Research. The rest of the worlds economic powerhouses have comparatively much smaller economies, including Japan ($5.08T), Germany ($3.84T) and India ($2.88T). The European Union represented 31.6% of the world's GDP at 1980 (highest point), and was at its lowest in 1985 at 25.01%. Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China. The world GDP is the added total of the gross national income for every country in the world. , The following table is an estimate for largest 10 economies from 2010 to 2050 made by Citigroup on February 2011..