Source | International Monetary Fund World Economic Outlook (October - 2019) |
Date | 13 Nov 2019 |
As of 2019, United States and China would occupy first two places in both methods. On nominal basis, US is ahead of China by $7.3 trillion in 2019. Margin would comes down to $4.8 tr in 2024 as China gdp growth rate (6.14%) is much higher than US's 2.35%. China has overtook US in 2014 on ppp basis and now is ahead by almost Int. $6 trillion. China will remain the world's largest economy on ppp basis over the next few decades as 2nd ranked US is growing slow and 3rd ranked India is way behind.
In nominal ranking, India will consolidate its position at 5th place surpassing United Kingdom and France in 2019 as lead of India would become $200 mn and growth rate are much higher than these two. Among top 50, Rank of Thailand, Nigeria, and Egypt would move up by 3 in 2019 from previous year. Argentina would down by 4 position followed by South Africa and Pakistan down by 3 position.Bangladesh will overtake Pakistan in 2019.
In top 50 ppp ranking, Egypt would enter in top 20 after surpassing Thailand and Australia. Rank of Ireland would also up by two position.
In the list of top 50, with 7.79%, Bangladesh is fastest growing followed by Vietnam, China and India growing above 6 percent. Argentina and Islamic Republic of Iran have negative growth rate.
United States (1,8) is present in both list of top ten GDP and GDP per capita ranking at nominal terms. Germany (4,18), Canada (10,19), Australia (14,11), Netherlands (17,12) and Switzerland (20,2) are in top twenty list of both ranking. In PPP, no economy in top ten in both ranking. Four economies are in both list of top 20: United States (2,11), Germany (5,20), and Saudi Arabia (17,16).
Rank | Country/Economy | GDP (Nominal) (billions of $) | Growth (%) | GDP per capita (Nominal) ($) | Continent | |||||
---|---|---|---|---|---|---|---|---|---|---|
2019 | % Share | diff | 2024 | Rank | 2019 | Rank | ||||
44 | Pakistan | 284.21 | 0.328 | 10.0 | - | - | 3.29 | 1,388 | 157 | Asia |
1 | United States | 21,439.45 | 24.8 | - | 25,793 | 1 | 2.35 | 65,112 | 8 | North America |
2 | China | 14,140.16 | 16.3 | 7299 | 20,979 | 2 | 6.14 | 10,099 | 70 | Asia |
3 | Japan | 5,154.48 | 5.95 | 8986 | 6,260 | 3 | 0.89 | 40,847 | 24 | Asia |
4 | Germany | 3,863.34 | 4.46 | 1291 | 4,675 | 4 | 0.54 | 46,564 | 18 | Europe |
5 | India | 2,935.57 | 3.39 | 928 | 4,632 | 5 | 6.12 | 2,172 | 145 | Asia |
6 | United Kingdom | 2,743.59 | 3.17 | 192 | 3,150 | 7 | 1.24 | 41,030 | 23 | Europe |
7 | France | 2,707.07 | 3.13 | 36.5 | 3,215 | 6 | 1.25 | 41,761 | 22 | Europe |
8 | Italy | 1,988.64 | 2.30 | 718 | 2,246 | 9 | 0.01 | 32,947 | 28 | Europe |
9 | Brazil | 1,847.02 | 2.13 | 142 | 2,296 | 8 | 0.88 | 8,797 | 77 | South America |
10 | Canada | 1,730.91 | 2.00 | 116 | 2,238 | 10 | 1.55 | 46,213 | 19 | North America |
11 | Russia | 1,637.89 | 1.89 | 93.0 | 1,940 | 12 | 1.08 | 11,163 | 66 | Europe |
12 | Korea | 1,629.53 | 1.88 | 8.36 | 1,988 | 11 | 1.95 | 31,431 | 30 | Asia |
13 | Spain | 1,397.87 | 1.61 | 232 | 1,695 | 13 | 2.18 | 29,961 | 32 | Europe |
14 | Australia | 1,376.26 | 1.59 | 21.6 | 1,670 | 14 | 1.71 | 53,825 | 11 | Oceania |
15 | Mexico | 1,274.18 | 1.47 | 102 | 1,579 | 16 | 0.40 | 10,118 | 69 | North America |
16 | Indonesia | 1,111.71 | 1.28 | 162 | 1,596 | 15 | 5.04 | 4,164 | 115 | Asia |
17 | Netherlands | 902.36 | 1.04 | 209 | 1,096 | 18 | 1.77 | 52,368 | 12 | Europe |
18 | Saudi Arabia | 779.29 | 0.900 | 123 | 902.6 | 19 | 0.17 | 22,865 | 43 | Asia |
19 | Turkey | 743.71 | 0.859 | 35.6 | 1,099 | 17 | 0.25 | 8,958 | 75 | Europe |
20 | Switzerland | 715.36 | 0.826 | 28.3 | 891.3 | 20 | 0.76 | 83,717 | 2 | Europe |
21 | Taiwan Province of China | 586.10 | 0.677 | 129 | 746.0 | 23 | 2.04 | 24,828 | 39 | Asia |
22 | Poland | 565.85 | 0.653 | 20.3 | 777.2 | 21 | 4.03 | 14,902 | 61 | Europe |
23 | Thailand | 529.18 | 0.611 | 36.7 | 700.2 | 24 | 2.87 | 7,792 | 85 | Asia |
24 | Sweden | 528.93 | 0.611 | 0.25 | 669.7 | 25 | 0.94 | 51,242 | 13 | Europe |
25 | Belgium | 517.61 | 0.598 | 11.3 | 608.1 | 26 | 1.21 | 45,176 | 20 | Europe |
26 | Islamic Republic of Iran | 458.50 | 0.529 | 59.1 | 573.5 | 28 | -9.46 | 5,506 | 100 | Asia |
27 | Austria | 447.72 | 0.517 | 10.8 | 548.2 | 29 | 1.61 | 50,023 | 14 | Europe |
28 | Nigeria | 446.54 | 0.516 | 1.18 | 762.0 | 22 | 2.29 | 2,222 | 144 | Africa |
29 | Argentina | 445.47 | 0.514 | 1.07 | 579.6 | 27 | -3.06 | 9,888 | 71 | South America |
30 | Norway | 417.63 | 0.482 | 27.8 | 469.0 | 36 | 1.93 | 77,975 | 4 | Europe |
31 | United Arab Emirates | 405.77 | 0.469 | 11.9 | 482.2 | 35 | 1.56 | 37,750 | 26 | Asia |
32 | Israel | 387.72 | 0.448 | 18.1 | 511.6 | 31 | 3.13 | 42,823 | 21 | Asia |
33 | Ireland | 384.94 | 0.445 | 2.78 | 497.7 | 34 | 4.25 | 77,771 | 5 | Europe |
34 | Hong Kong SAR | 372.99 | 0.431 | 12.0 | 465.0 | 37 | 0.35 | 49,334 | 15 | Asia |
35 | Malaysia | 365.30 | 0.422 | 7.69 | 505.2 | 32 | 4.50 | 11,137 | 67 | Asia |
36 | Singapore | 362.82 | 0.419 | 2.49 | 440.8 | 39 | 0.55 | 63,987 | 9 | Asia |
37 | South Africa | 358.84 | 0.414 | 3.98 | 434.4 | 40 | 0.66 | 6,100 | 94 | Africa |
38 | Philippines | 356.81 | 0.412 | 2.02 | 548.0 | 30 | 5.72 | 3,294 | 129 | Asia |
39 | Denmark | 347.18 | 0.401 | 9.64 | 432.3 | 41 | 1.70 | 59,795 | 10 | Europe |
40 | Colombia | 327.90 | 0.379 | 19.3 | 427.5 | 42 | 3.36 | 6,508 | 90 | South America |
41 | Bangladesh | 317.47 | 0.367 | 10.4 | 499.3 | 33 | 7.79 | 1,906 | 149 | Asia |
42 | Egypt | 302.26 | 0.349 | 15.2 | 453.7 | 38 | 5.52 | 3,047 | 132 | Africa |
43 | Chile | 294.24 | 0.340 | 8.02 | 385.1 | 44 | 2.52 | 15,399 | 59 | South America |
45 | Finland | 269.65 | 0.311 | 14.6 | 330.9 | 46 | 1.24 | 48,869 | 16 | Europe |
46 | Vietnam | 261.64 | 0.302 | 8.02 | 394.9 | 43 | 6.50 | 2,740 | 136 | Asia |
47 | Czech Republic | 246.95 | 0.285 | 14.7 | 321.6 | 47 | 2.45 | 23,214 | 41 | Europe |
48 | Romania | 243.70 | 0.281 | 3.26 | 345.2 | 45 | 4.00 | 12,483 | 62 | Europe |
49 | Portugal | 236.41 | 0.273 | 7.29 | 283.8 | 49 | 1.91 | 23,031 | 42 | Europe |
50 | Peru | 228.99 | 0.264 | 7.42 | 298.8 | 48 | 2.60 | 7,047 | 88 | South America |
World | 86,599 | 111,569 | 3.01 | 11,464 |
Rank | Country/Economy | GDP (PPP) (billions of Int. $) | Growth (%) | GDP per capita (PPP) (Int. $) | Continent | |||||
---|---|---|---|---|---|---|---|---|---|---|
2019 | % Share | diff | 2024 | Rank | 2019 | Rank | ||||
1 | China | 27,308.86 | 19.3 | - | 39,815 | 1 | 6.14 | 19,504 | 74 | Asia |
2 | United States | 21,439.45 | 15.1 | 5869 | 25,793 | 2 | 2.35 | 65,112 | 11 | North America |
3 | India | 11,325.67 | 7.98 | 10114 | 17,827 | 3 | 6.12 | 8,378 | 124 | Asia |
4 | Japan | 5,747.50 | 4.05 | 5578 | 6,507 | 4 | 0.89 | 45,546 | 31 | Asia |
5 | Germany | 4,444.37 | 3.13 | 1303 | 5,234 | 7 | 0.54 | 53,567 | 20 | Europe |
6 | Russia | 4,349.42 | 3.07 | 94.9 | 5,293 | 6 | 1.08 | 29,642 | 55 | Europe |
7 | Indonesia | 3,737.48 | 2.63 | 612 | 5,329 | 5 | 5.04 | 13,998 | 97 | Asia |
8 | Brazil | 3,456.36 | 2.44 | 281 | 4,276 | 8 | 0.88 | 16,462 | 86 | South America |
9 | United Kingdom | 3,131.20 | 2.21 | 325 | 3,729 | 9 | 1.24 | 46,827 | 30 | Europe |
10 | France | 3,061.14 | 2.16 | 70.1 | 3,619 | 10 | 1.25 | 47,223 | 29 | Europe |
11 | Mexico | 2,627.85 | 1.85 | 433 | 3,205 | 11 | 0.40 | 20,868 | 68 | North America |
12 | Italy | 2,442.77 | 1.72 | 185 | 2,789 | 14 | 0.01 | 40,470 | 36 | Europe |
13 | Turkey | 2,346.58 | 1.65 | 96.2 | 3,034 | 12 | 0.25 | 28,264 | 58 | Europe |
14 | Korea | 2,319.59 | 1.64 | 27.0 | 2,932 | 13 | 1.95 | 44,740 | 32 | Asia |
15 | Spain | 1,940.54 | 1.37 | 379 | 2,332 | 16 | 2.18 | 41,592 | 33 | Europe |
16 | Canada | 1,899.94 | 1.34 | 40.6 | 2,287 | 17 | 1.55 | 50,725 | 24 | North America |
17 | Saudi Arabia | 1,898.51 | 1.34 | 1.43 | 2,356 | 15 | 0.17 | 55,704 | 16 | Asia |
18 | Islamic Republic of Iran | 1,470.66 | 1.04 | 428 | 1,692 | 21 | -9.46 | 17,662 | 83 | Asia |
19 | Egypt | 1,391.26 | 0.981 | 79.4 | 2,052 | 18 | 5.52 | 14,023 | 96 | Africa |
20 | Thailand | 1,383.02 | 0.975 | 8.24 | 1,814 | 19 | 2.87 | 20,365 | 71 | Asia |
21 | Australia | 1,364.84 | 0.962 | 18.2 | 1,712 | 20 | 1.71 | 53,379 | 22 | Oceania |
22 | Taiwan Province of China | 1,300.21 | 0.917 | 64.6 | 1,590 | 24 | 2.04 | 55,078 | 17 | Asia |
23 | Poland | 1,286.92 | 0.907 | 13.3 | 1,621 | 22 | 4.03 | 33,891 | 46 | Europe |
24 | Nigeria | 1,216.80 | 0.858 | 70.1 | 1,529 | 26 | 2.29 | 6,055 | 137 | Africa |
26 | Malaysia | 1,078.54 | 0.760 | 124 | 1,505 | 27 | 4.50 | 32,881 | 49 | Asia |
27 | Philippines | 1,025.76 | 0.723 | 52.8 | 1,546 | 25 | 5.72 | 9,471 | 116 | Asia |
28 | Netherlands | 1,005.27 | 0.709 | 20.5 | 1,198 | 29 | 1.77 | 58,341 | 14 | Europe |
29 | Argentina | 903.54 | 0.637 | 102 | 1,088 | 31 | -3.06 | 20,055 | 73 | South America |
30 | Bangladesh | 837.59 | 0.590 | 66.0 | 1,318 | 28 | 7.79 | 5,028 | 143 | Asia |
31 | South Africa | 809.03 | 0.570 | 28.6 | 966.1 | 33 | 0.66 | 13,754 | 100 | Africa |
32 | Colombia | 783.00 | 0.552 | 26.0 | 1,039 | 32 | 3.36 | 15,541 | 89 | South America |
33 | Vietnam | 770.23 | 0.543 | 12.8 | 1,166 | 30 | 6.50 | 8,066 | 128 | Asia |
34 | United Arab Emirates | 746.35 | 0.526 | 23.9 | 932.3 | 34 | 1.56 | 69,435 | 8 | Asia |
35 | Iraq | 705.06 | 0.497 | 41.3 | 901.7 | 35 | 3.40 | 18,025 | 82 | Asia |
36 | Algeria | 681.40 | 0.480 | 23.7 | 810.1 | 36 | 2.55 | 15,696 | 88 | Africa |
37 | Singapore | 585.06 | 0.412 | 96.3 | 711.0 | 38 | 0.55 | 103,181 | 4 | Asia |
38 | Belgium | 567.49 | 0.400 | 17.6 | 669.8 | 42 | 1.21 | 49,529 | 25 | Europe |
39 | Switzerland | 565.65 | 0.399 | 1.84 | 674.3 | 41 | 0.76 | 66,196 | 10 | Europe |
40 | Sweden | 563.88 | 0.397 | 1.76 | 684.1 | 40 | 0.94 | 54,628 | 18 | Europe |
41 | Romania | 546.59 | 0.385 | 17.3 | 703.5 | 39 | 4.00 | 27,998 | 59 | Europe |
42 | Kazakhstan | 537.66 | 0.379 | 8.92 | 721.1 | 37 | 3.82 | 28,849 | 57 | Asia |
43 | Chile | 502.85 | 0.354 | 34.8 | 650.1 | 43 | 2.52 | 26,317 | 62 | South America |
44 | Hong Kong SAR | 490.88 | 0.346 | 12.0 | 611.7 | 45 | 0.35 | 64,928 | 12 | Asia |
45 | Austria | 479.36 | 0.338 | 11.5 | 572.9 | 46 | 1.61 | 53,558 | 21 | Europe |
46 | Peru | 478.30 | 0.337 | 1.06 | 638.4 | 44 | 2.60 | 14,719 | 92 | South America |
47 | Czech Republic | 413.12 | 0.291 | 65.2 | 518.3 | 50 | 2.45 | 38,834 | 40 | Europe |
48 | Ireland | 412.80 | 0.291 | 0.32 | 528.4 | 49 | 4.25 | 83,399 | 5 | Europe |
49 | Norway | 410.71 | 0.290 | 2.08 | 496.1 | 51 | 1.93 | 76,684 | 7 | Europe |
50 | Ukraine | 409.26 | 0.288 | 1.46 | 529.3 | 48 | 2.99 | 9,775 | 113 | Europe |
25 | Pakistan | 1,202.09 | 0.847 | 14.7 | 1,614 | 23 | 3.29 | 5,872 | 138 | Asia |
World | 141,860 | 186,156 | 3.01 | 18,779 |