Countries by GDP

Gross domestic product popularly known as GDP, is an estimate of the total value of goods and services produced in a country during a specified period, it is currently calculated yearly to understand the growth metrics of the country. The calculation is based on nominal GDP, also called GDP at current prices or in value. Countries by GDP is the single most indicator to capture economic activity of all the countries. Per capita GDP is the amount of money that each individual gets in that particular country, this metric used to calculate from gross domestic product divided by population in a country. Per capita is a rough measure of average individual income or the standard of living in a country. The most common way of measuring and comparing GDP among countries, by using local prices and currencies that converted into U.S. dollars using currency exchange rates. GDP Growth rate estimates how fast the economy of a particular country is growing, is the annual percentage growth rate of nominal GDP. The largest economies and top 10 countries by GDP in the world are United States, China, Japan, Germany, India, United Kingdom, France, Italy, Brazil and Canada. Russia is the eleventh largest economy, South Korea is the twelfth largest economies in the world followed by Spain, Australia and Mexico.

Countries by GDP Rank

Below is the latest list of Countries by GDP, ranked as per the economic activity of each country in 2023. 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 may take very few years it take the top position, faces some significant challenges like aging population, environmental degradation and Wuhan virus. Other biggest contributors to that GDP in the world, include Japan, Germany, India, United Kingdom and France. The World's GDP is 112.6 trillion in 2023 as against 103.86 trillion as on 2022, list shows historical, present and future values for all the countries from 2020 to 2026. These are the highest GDP Ranking countries in the world by 2023.

Africa Countries include Nigeria, South Africa, Kenya constitute $1.1 trillion, major share of Africa's 2.97 trillion economy in 2022, Nigeria sits at the top of the African economy, in terms of nominal GDP in 2021, followed by South Africa, Kenya, Ethiopia, Ghana, Ivory Coast, Angola and Tanzania.

European Countries include Germany, United Kingdom, France, Italy, Russia, Spain, Netherlands constitute $18.8 trillion, major share of Europe's 16.9 trillion economy as on 2022.

Asian Countries include China, Japan, India, South Korea, Indonesia constitutes 31.45 trillion of Asia's 41.97 trillion economy as on 2022.

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