Countries by GDP (nominal) 2020

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population.

Largest economies by nominal GDP in 2019

Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, does not take into account the differences of quality of goods and services among countries, and it also requires more estimation than nominal GDP. On the whole, PPP per capita figures are less spread than nominal GDP per capita figures.

The United States is the world's largest economy with a GDP of approximately $20.513 trillion, notably due to high average incomes, a large population, capital investment, low unemployment, high consumer spending, a relatively young population, and technological innovation. Tuvalu is the world's smallest national economy, with a GDP of about $32 million, because of its very small population, a lack of natural resources, reliance on foreign aid, negligible capital investment, demographic problems, and low average incomes.

Although the rankings of national economies have changed considerably over time, the United States has maintained its top position since the Gilded Age, a time period in which its economy saw rapid expansion, surpassing the British Empire and Qing dynasty in aggregate output. Since China's transition to a market-based economy through controlled privatisation and deregulation, the country has seen its ranking increase from ninth in 1978 to second to only the United States in 2016 as economic growth accelerated and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016. India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s. When supranational entities are included, the European Union is the second largest economy in the world. It was the largest from 2004, when ten countries joined the union, to 2014, after which it was surpassed by the United States.

The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF definitive data for the past year and estimates for the current year are published twice a year in April and October. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, the State of Palestine and Taiwan) are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics.

Per the International Monetary Fund (2019 estimates)

Rank	Country/Territory	GDP(US$million)
	World	87,265,226
1	United States	21,439,453
—	European Union	18,705,132
2	China	14,140,163
3	Japan	5,154,475
4	Germany	3,863,344
5	India	2,935,570
6	United Kingdom	2,743,586
7	France	2,707,074
8	Italy	1,988,636
9	Brazil	1,847,020
10	Canada	1,730,914
11	Russia	1,637,892
12	South Korea	1,629,532
13	Spain	1,397,870
14	Australia	1,376,255
15	Mexico	1,274,175
16	Indonesia	1,111,713
17	Netherlands	902,355
18	Saudi Arabia	779,289
19	Turkey	743,708
20	Switzerland	715,360
—	Taiwan	586,104
21	Poland	565,854
22	Thailand	529,177
23	Sweden	528,929
24	Belgium	517,609
25	Iran	458,500
26	Austria	447,718
27	Nigeria	446,543
28	Argentina	445,469
29	Norway	417,627
30	United Arab Emirates	405,771
31	Israel	387,717
32	Ireland	384,940
—	Hong Kong	372,989
33	Malaysia	365,303
34	Singapore	362,818
35	South Africa	358,839
36	Philippines	356,814
37	Denmark	347,176
38	Colombia	327,895
39	Bangladesh	317,465
40	Egypt	302,256
41	Chile	294,237
42	Pakistan	284,214
43	Finland	269,654
44	Vietnam	261,637
45	Czech Republic	246,953
46	Romania	243,698
47	Portugal	236,408
48	Peru	228,989
49	Iraq	224,462
50	Greece	214,012
51	New Zealand	204,671
52	Qatar	191,849
53	Algeria	172,781
54	Hungary	170,407
55	Kazakhstan	170,326
56	Ukraine	150,401
57	Kuwait	137,591
58	Morocco	119,040
59	Ecuador	107,914
60	Slovakia	106,552
—	Puerto Rico	99,913
61	Kenya	98,607
62	Angola	91,527
63	Ethiopia	91,166
64	Dominican Republic	89,475
65	Sri Lanka	86,566
66	Guatemala	81,318
67	Oman	76,609
68	Venezuela	70,140
69	Luxembourg	69,453
70	Panama	68,536
71	Ghana	67,077
72	Bulgaria	66,250
73	Myanmar	65,994
74	Tanzania	62,224
75	Belarus	62,572
76	Costa Rica	61,021
77	Croatia	60,702
78	Uzbekistan	60,490
79	Syria	60,043/Na
80	Uruguay	59,918
81	Lebanon	58,565
—	Macau	55,136
82	Slovenia	54,154
83	Lithuania	53,641
84	Serbia	51,523
85	Congo, Democratic Republic of the	48,994
86	Azerbaijan	47,171
87	Turkmenistan	46,674
88	Côte d'Ivoire	44,439
89	Jordan	44,172
90	Bolivia	42,401
91	Paraguay	40,714
92	Tunisia	38,732
93	Cameroon	38,632
94	Bahrain	38,184
95	Latvia	35,045
96	Libya	33,018
97	Estonia	31,038
98	Sudan	30,873
99	Uganda	30,666
100	Yemen	29,855
101	Nepal	29,813
102	El Salvador	26,871
103	Cambodia	26,730
104	Honduras	24,449
105	Cyprus	24,280
106	Zambia	23,946
107	Senegal	23,940
108	Iceland	23,918
109	Papua New Guinea	23,587
110	Trinidad and Tobago	22,607
111	Bosnia and Herzegovina	20,106
112	Laos	19,127
113	Afghanistan	18,734
114	Botswana	18,690
115	Mali	17,647
117	Gabon	16,877
116	Georgia	15,925
118	Jamaica	15,702
119	Albania	15,418
120	Mozambique	15,093
121	Malta	14,859
122	Burkina Faso	14,593
123	Mauritius	14,391
124	Benin	14,374
125	Namibia	14,368
126	Mongolia	13,637
127	Armenia	13,444
128	Guinea	13,368
129	Zimbabwe	12,818
130	North Macedonia	12,672
131	The Bahamas	12,664
132	Madagascar	12,550
133	Nicaragua	12,528
134	Brunei	12,455
135	Equatorial Guinea	12,142
136	Moldova	11,688
137	Congo, Republic of the	11,576
138	Chad	11,026
139	Rwanda	10,209
140	Niger	9,443
141	Haiti	8,819
142	Kyrgyzstan	8,261
143	Tajikistan	8,152
—	Kosovo	7,996
144	Malawi	7,522
145	Maldives	5,786
146	Togo	5,502
147	Mauritania	5,651
148	Montenegro	5,424
149	Fiji	5,708
150	Barbados	5,189
151	Somalia	4,958
152	Eswatini	4,657
153	Sierra Leone	4,229
154	Guyana	4,121
155	Suriname	3,774
156	South Sudan	3,681
157	Burundi	3,573
158	Liberia	3,221
159	Djibouti	3,166
160	Timor-Leste	2,938
—	Aruba	2,903
161	Bhutan	2,842
162	Lesotho	2,741
163	Central African Republic	2,321
164	Eritrea	2,110
165	Belize	2,001
166	Saint Lucia	1,992
167	The Gambia	1,773
168	Antigua and Barbuda	1,688
169	Seychelles	1,644
170	San Marino	1,591
171	Solomon Islands	1,440
172	Grenada	1,238
173	Comoros	1,179
174	Saint Kitts and Nevis	1,032
175	Vanuatu	951
176	Samoa	905
177	Saint Vincent and the Grenadines	856
178	Dominica	593
179	Tonga	488
180	São Tomé and Príncipe	430
181	Micronesia, Federated States of	381
182	Palau	291
183	Marshall Islands	220
184	Kiribati	184
185	Nauru	108
186	Tuvalu	42

Per the World Bank (2019)

Rank	Country/Territory	GDP(US$million)
	World	87,751,541
1	United States	21,427,700
2	China	14,342,903
3	Japan	5,081,770
4	Germany	3,845,630
5	India	2,875,142
6	United Kingdom	2,827,113
7	France	2,715,518
8	Italy	2,001,244
9	Brazil	1,839,758
10	Canada	1,736,426
11	Russia	1,699,877
12	Korea, South	1,642,383
13	Spain	1,394,116
14	Australia	1,392,681
15	Mexico	1,258,287
16	Indonesia	1,119,191
17	Netherlands	909,070
18	Saudi Arabia	792,967
19	Turkey	754,412
20	Switzerland	703,082
21	Poland	592,164
—	Taiwan (2017)	574,905
22	Thailand	543,650
23	Sweden	530,833
24	Belgium	529,607
25	Argentina	449,663
26	Nigeria	448,120
27	Austria	446,315
28	Iran (2017)	445,345
29	United Arab Emirates	421,142
30	Norway	403,336
31	Israel	395,099
32	Ireland	388,699
33	Philippines	376,796
34	Singapore	372,063
—	Hong Kong	366,030
35	Malaysia	364,702
36	South Africa	351,432
37	Denmark	348,078
38	Colombia	323,803
39	Egypt	303,175
40	Bangladesh	302,571
41	Chile	282,318
42	Pakistan	278,222
43	Finland	268,761
44	Vietnam	261,921
45	Romania	250,077
46	Czech Republic	246,489
47	Portugal	237,686
48	Iraq	234,094
49	Peru	226,848
50	Greece	209,853
51	New Zealand	206,929
52	Qatar	183,466
53	Kazakhstan	180,162
54	Algeria	169,988
55	Hungary	160,967
56	Ukraine	153,781
57	Kuwait	134,761
58	Morocco	118,725
59	Ecuador	107,436
60	Slovak Republic	105,422
-	Puerto Rico	104,989
61	Cuba (2018)	100,023
62	Ethiopia	96,108
63	Kenya	95,503
64	Angola	94,635
65	Dominican Republic	88,941
66	Sri Lanka	84,009
67	Oman	76,983
68	Guatemala	76,710
69	Myanmar	76,086
70	Luxembourg	71,105
71	Bulgaria	67,927
72	Ghana	66,984
73	Panama	66,801
74	Tanzania	63,177
75	Belarus	63,080
76	Costa Rica	61,774
77	Croatia	60,416
78	Cote d'Ivoire	58,792
79	Uzbekistan	57,921
80	Uruguay	56,046
81	Lithuania	54,219
-	Macau	53,859
82	Slovenia	53,742
83	Lebanon	53,367
84	Libya	52,076
85	Serbia	51,409
86	Azerbaijan	48,048
87	Congo, Democratic Republic of the	47,320
88	Jordan	43,744
89	Bolivia	40,895
90	Turkmenistan (2018)	40,761
91	Tunisia	38,798
92	Cameroon	38,760
93	Bahrain	38,574
94	Paraguay	38,145
95	Uganda	34,387
96	Latvia	34,117
97	Estonia	31,387
98	Nepal	30,641
99	Cambodia	27,089
100	El Salvador	27,023
101	Honduras	25,095
102	Papua New Guinea	24,970
103	Cyprus	24,565
104	Iceland	24,188
105	Trinidad and Tobago	24,100
106	Senegal	23,578
107	Zambia	23,065
108	Zimbabwe	21,441
109	Bosnia and Herzegovina	20,048
110	Afghanistan	19,101
111	Sudan	18,902
112	Botswana	18,341
113	Laos	18,174
114	Georgia	17,743
115	Mali	17,510
116	Gabon	16,658
117	Jamaica	16,458
118	Burkina Faso	15,746
119	Albania	15,278
120	Mozambique	14,934
121	Malta	14,786
122	West Bank and Gaza (2018)	14,616
123	Benin	14,391
124	Mauritius	14,180
125	Madagascar	14,084
126	Mongolia	13,853
127	Armenia	13,673
128	Guinea	13,590
129	Brunei	13,469
130	Niger	12,928
131	Bahamas, The	12,827
132	North Macedonia	12,695
133	Nicaragua	12,521
134	Namibia	12,367
135	Moldova	11,955
136	Chad	11,315
137	Equatorial Guinea	11,027
138	Congo, Republic of the	10,821
139	Rwanda	10,122
140	Haiti	8,499
141	Kyrgyzstan	8,455
142	Tajikistan	8,117
-	Kosovo	7,926
143	Malawi	7,667
144	Mauritania	7,594
145	Maldives	5,729
146	Fiji	5,536
147	Montenegro	5,495
148	Togo	5,460
149	Barbados	5,209
150	Eswatini	4,405
151	Guyana	4,280
152	Suriname	3,985
153	Sierra Leone	3,941
154	Djibouti	3,319
155	Andorra	3,154
156	Liberia	3,071
157	Burundi	3,012
158	Lesotho	2,460
159	Bhutan (2018)	2,447
160	Central African Republic	2,220
161	Saint Lucia	2,122
162	Cabo Verde	1,982
163	Belize	1,880
164	Gambia, The	1,764
165	Antigua and Barbuda	1,728
166	Seychelles	1,699
167	Timor-Leste	1,674
168	San Marino (2018)	1,638
169	Solomon Islands	1,425
170	Guinea-Bissau	1,340
171	Grenada	1,228
172	Comoros	1,186
173	Saint Kitts and Nevis	1,051
174	Vanuatu	917
175	Samoa	851
176	Saint Vincent and the Grenadines	825
177	Dominica	596
178	Tonga (2018)	450
179	Sao Tome and Principe	429
180	Micronesia, Federated States of (2018)	402
181	Palau (2018)	284
182	Marshall Islands (2018)	221
183	Kiribati	195
184	Nauru	118
185	Tuvalu	47

Per the United Nations (2018)

Rank	Country/Territory	GDP(US$million)
	World	85,085,189
1	United States	20,580,223
2	China	13,608,152
3	Japan	4,971,323
4	Germany	3,949,549
5	United Kingdom	2,855,297
6	India	2,779,351
7	France	2,778,892
8	Italy	2,084,882
9	Brazil	1,868,613
10	Korea, South	1,720,489
11	Canada	1,712,562
12	Russia	1,660,514
13	Australia	1,453,871
14	Spain	1,419,735
15	Mexico	1,223,401
16	Indonesia	1,042,173
17	Netherlands	914,105
18	Saudi Arabia	782,484
19	Turkey	771,355
20	Switzerland	705,141
21	Poland	585,661
—	Taiwan	579,865
22	Sweden	556,087
23	Belgium	543,026
24	Argentina	518,475
25	Thailand	504,992
26	Iran	473,091
27	Austria	455,508
28	Norway	434,167
29	Nigeria	421,821
30	United Arab Emirates	414,179
31	Ireland	382,674
32	Israel	370,588
33	South Africa	368,094
—	Hong Kong	362,682
34	Singapore	361,115
35	Malaysia	358,579
36	Denmark	355,675
37	Philippines	330,910
38	Colombia	330,228
39	Chile	298,231
40	Pakistan	282,346
41	Finland	276,878
42	Bangladesh	269,628
43	Egypt	249,751
44	Czech Republic	245,226
45	Vietnam	244,901
46	Portugal	240,792
47	Romania	239,552
48	Peru	222,237
49	Greece	218,139
50	Iraq	212,272
51	Venezuela	208,339
52	New Zealand	207,921
53	Qatar	191,362
54	Kazakhstan	179,340
55	Algeria	173,758
56	Hungary	157,883
57	Kuwait	141,698
58	Ukraine	130,832
59	Morocco	117,921
60	Ecuador	108,398
61	Slovakia	105,956
62	Angola	105,902
—	Puerto Rico	101,131
63	Cuba	100,023
64	Oman	92,112
65	Sri Lanka	88,942
66	Kenya	87,906
67	Dominican Republic	81,299
68	Ethiopia	80,293
69	Guatemala	78,461
70	Myanmar	72,745
71	Luxembourg	70,920
72	Bulgaria	66,199
73	Ghana	65,535
74	Panama	65,055
75	Croatia	60,991
76	Costa Rica	60,126
77	Belarus	59,662
78	Uruguay	59,597
79	Tanzania	57,145
80	Lebanon	56,409
—	Macau	54,545
81	Slovenia	54,034
82	Lithuania	53,455
83	Serbia	50,597
84	Sudan	50,514
85	Uzbekistan	50,500
86	Congo, Democratic Republic of the	47,146
87	Azerbaijan	46,939
88	Côte d'Ivoire	43,028
89	Jordan	42,231
90	Turkmenistan	40,749
91	Paraguay	40,308
92	Bolivia	40,288
93	Tunisia	39,895
94	Cameroon	38,694
95	Bahrain	37,876
96	Latvia	34,426
97	Libya	34,377
98	Estonia	30,747
99	Uganda	30,098
100	Nepal	27,830
101	Zambia	27,283
102	Yemen	26,672
103	El Salvador	26,057
104	Iceland	25,882
105	Cyprus	24,963
106	Cambodia	24,572
107	Zimbabwe	24,312
108	Honduras	23,970
109	Senegal	23,809
110	Trinidad and Tobago	23,808
111	Papua New Guinea	23,077
112	Afghanistan	20,514
113	Bosnia and Herzegovina	19,782
114	Botswana	18,615
115	Laos	17,954
116	Georgia	17,600
117	Korea, North	17,487
118	Mali	17,172
119	Gabon	16,994
120	Syria	16,628
—	Palestine	16,277
121	Burkina Faso	16,200
122	Jamaica	15,714
123	Albania	15,059
124	Mozambique	14,717
125	Malta	14,549
126	Namibia	14,519
127	Mauritius	14,220
128	Congo, Republic of the	14,173
129	Madagascar	13,851
130	Brunei	13,567
131	Equatorial Guinea	13,324
132	Nicaragua	13,118
133	Mongolia	13,010
134	Niger	12,821
135	North Macedonia	12,629
136	Armenia	12,433
137	Bahamas, The	12,425
138	Guinea	11,640
139	Chad	11,387
140	Moldova	11,309
141	Benin	10,412
—	New Caledonia	10,174
142	Rwanda	9,510
143	Haiti	9,287
144	South Sudan	8,207
145	Kyrgyzstan	8,093
—	Kosovo	7,943
146	Mauritania	7,620
147	Tajikistan	7,523
148	Malawi	7,196
149	Monaco	7,189
150	Eritrea	6,855
151	Liechtenstein	6,796
—	Bermuda	6,351
—	French Polynesia	6,100
152	Fiji	5,537
153	Montenegro	5,507
—	Cayman Islands	5,485
154	Maldives	5,327
155	Togo	5,166
156	Barbados	5,087
157	Eswatini	4,711
158	Sierra Leone	4,101
159	Guyana	3,818
160	Suriname	3,458
161	Burundi	3,285
162	Andorra	3,238
—	Aruba	3,203
—	Curaçao	3,128
—	Greenland	3,052
163	Djibouti	2,923
164	Bhutan	2,658
165	Lesotho	2,631
166	Timor-Leste	2,581
167	Central African Republic	2,243
168	Liberia	2,121
169	Cape Verde	1,977
170	Saint Lucia	1,922
171	Belize	1,871
172	San Marino	1,638
173	Gambia, The	1,633
—	Zanzibar	1,618
174	Antigua and Barbuda	1,611
175	Seychelles	1,590
176	Somalia	1,495
177	Guinea-Bissau	1,459
—	British Virgin Islands	1,445
178	Solomon Islands	1,271
179	Grenada	1,169
180	Comoros	1,166
—	Turks and Caicos Islands	1,022
181	Saint Kitts and Nevis	1,011
—	Sint Maarten	980
182	Vanuatu	889
183	Samoa	834
184	Saint Vincent and the Grenadines	811
185	Dominica	551
186	Tonga	504
187	São Tomé and Príncipe	411
188	Micronesia, Federated States of	371
—	Cook Islands	363
—	Anguilla	293
189	Palau	284
190	Marshall Islands	214
191	Kiribati	189
192	Nauru	127
—	Montserrat	64
193	Tuvalu	46