Projected GDP Ranking
Source | International Monetary Fund World Economic Outlook (October - 2021) |
Date | 26 Oct 2021 |
As of 2021, the United States and China would occupy the first two places in both methods' gdp ranking. The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2021 (8.02%) is higher than the US's 5.97%. On a nominal basis, the US is ahead of China by $6 trillion in 2021. On a ppp basis, China has overtaken the US in 2017 and ahead by Int. $4 trillion, and the gap is increasing. China will remain the world's largest economy on a ppp basis over the next few decades as 2nd ranked US is growing slow and 3rd ranked India is way behind.
In the nominal gdp list, There would be no change in the top 10. Other changes in the top 20 would be Iran overtaking the Netherlands, Saudi Arabia overtaking Turkey and Switzerland in the top 20 list. Among the top 50, the Economic rank of South Africa would move up by eight positions, while Egypt would lose four places.
In the ppp ranking, There would be no change in the top 10 list. Other changes in the top 20 would be Taiwan overtaking Australia. Among the top 50, Ireland will climb three spots.
In the list of top 50, All economies will experience a positive growth rate in 2021. Ireland is the fastest-growing economy with 14.04%, followed by Chile (11.00%). Thailand has the lowest growth rate of 0.96%, followed by the United Arab Emirates (2.24%) and Japan (2.36%).
United States (1,5) is present in both lists of the top ten GDP and GDP per capita ranking at nominal terms. Germany (4,17), Canada (9,15), Australia (13,9), Netherlands (18,12), and Switzerland (20,3) are in the top twenty list of GDP and GDP per capita ranking. In PPP, United States (2,8) is present in the top ten, whereas Germany (5,18) and Taiwan (18,15) are in the top twenty of both rankings.
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Country/Economy | GDP (Nominal) (billions of $) | Growth (%) | GDP per capita (Nominal) ($) | Continent | ||||||
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2020 | Rank | 2021 | Rank | Share (%) | diff | 2021 | 2021 | Rank | ||
Pakistan | 261.73 | 45 | 292.22 | 46 | 0.308 | 3.80 | 3.94 | 1,401 | 161 | Asia |
United States | 20,893.75 | 1 | 22,939.58 | 1 | 24.2 | - | 5.97 | 69,375 | 5 | North America |
China | 14,866.74 | 2 | 16,862.98 | 2 | 17.8 | 6,077 | 8.02 | 11,891 | 64 | Asia |
Japan | 5,045.10 | 3 | 5,103.11 | 3 | 5.38 | 11,760 | 2.36 | 40,704 | 26 | Asia |
Germany | 3,843.34 | 4 | 4,230.17 | 4 | 4.46 | 873 | 3.05 | 50,788 | 17 | Europe |
United Kingdom | 2,709.68 | 5 | 3,108.42 | 5 | 3.27 | 1,122 | 6.76 | 46,200 | 22 | Europe |
India | 2,660.24 | 6 | 2,946.06 | 6 | 3.10 | 162 | 9.50 | 2,116 | 150 | Asia |
France | 2,624.42 | 7 | 2,940.43 | 7 | 3.10 | 5.63 | 6.29 | 45,028 | 23 | Europe |
Italy | 1,884.94 | 8 | 2,120.23 | 8 | 2.23 | 820 | 5.77 | 35,585 | 28 | Europe |
Canada | 1,644.04 | 9 | 2,015.98 | 9 | 2.12 | 104 | 5.69 | 52,791 | 15 | North America |
Korea | 1,638.26 | 10 | 1,823.85 | 10 | 1.92 | 192 | 4.28 | 35,196 | 29 | Asia |
Russia | 1,478.57 | 11 | 1,647.57 | 11 | 1.74 | 176 | 4.69 | 11,273 | 68 | Europe |
Brazil | 1,444.72 | 12 | 1,645.84 | 12 | 1.73 | 1.73 | 5.23 | 7,741 | 87 | South America |
Australia | 1,359.37 | 13 | 1,610.56 | 13 | 1.70 | 35.3 | 3.54 | 62,619 | 9 | Oceania |
Spain | 1,280.46 | 14 | 1,439.96 | 14 | 1.52 | 171 | 5.74 | 30,537 | 34 | Europe |
Mexico | 1,073.92 | 15 | 1,285.52 | 15 | 1.35 | 154 | 6.25 | 9,967 | 72 | North America |
Indonesia | 1,059.64 | 16 | 1,150.25 | 16 | 1.21 | 135 | 3.20 | 4,225 | 117 | Asia |
Islamic Republic of Iran | 835.35 | 18 | 1,081.38 | 17 | 1.14 | 68.9 | 2.46 | 12,725 | 62 | Asia |
Netherlands | 913.13 | 17 | 1,007.56 | 18 | 1.06 | 73.8 | 3.77 | 57,715 | 12 | Europe |
Saudi Arabia | 700.12 | 21 | 842.59 | 19 | 0.888 | 165 | 2.84 | 23,762 | 44 | Asia |
Switzerland | 751.88 | 19 | 810.83 | 20 | 0.854 | 31.8 | 3.71 | 93,515 | 3 | Europe |
Turkey | 719.92 | 20 | 795.95 | 21 | 0.838 | 14.9 | 8.95 | 9,407 | 76 | Europe |
Taiwan Province of China | 668.16 | 22 | 785.59 | 22 | 0.828 | 10.4 | 5.86 | 33,402 | 32 | Asia |
Poland | 595.92 | 23 | 655.33 | 23 | 0.690 | 130 | 5.12 | 17,319 | 51 | Europe |
Sweden | 541.06 | 24 | 622.37 | 24 | 0.656 | 33.0 | 4.04 | 58,639 | 11 | Europe |
Belgium | 514.92 | 25 | 581.85 | 25 | 0.613 | 40.5 | 5.64 | 50,413 | 18 | Europe |
Thailand | 501.71 | 26 | 546.22 | 26 | 0.575 | 35.6 | 0.96 | 7,809 | 85 | Asia |
Ireland | 425.55 | 29 | 516.25 | 27 | 0.544 | 30.0 | 13.04 | 102,394 | 2 | Europe |
Austria | 432.52 | 27 | 481.21 | 28 | 0.507 | 35.0 | 3.92 | 53,793 | 13 | Europe |
Nigeria | 429.42 | 28 | 480.48 | 29 | 0.506 | 0.73 | 2.64 | 2,273 | 145 | Africa |
Israel | 407.10 | 30 | 467.53 | 30 | 0.492 | 13.0 | 7.06 | 49,840 | 19 | Asia |
Argentina | 389.06 | 31 | 455.17 | 31 | 0.479 | 12.4 | 7.50 | 9,929 | 73 | South America |
Norway | 362.52 | 33 | 445.51 | 32 | 0.469 | 9.67 | 3.03 | 82,244 | 4 | Europe |
South Africa | 335.34 | 41 | 415.32 | 33 | 0.437 | 30.2 | 5.00 | 6,861 | 91 | Africa |
United Arab Emirates | 358.87 | 35 | 410.16 | 34 | 0.432 | 5.16 | 2.24 | 43,538 | 24 | Asia |
Denmark | 356.09 | 36 | 396.67 | 35 | 0.418 | 13.5 | 3.80 | 67,920 | 7 | Europe |
Egypt | 363.25 | 32 | 396.33 | 36 | 0.417 | 0.34 | 3.33 | 3,852 | 123 | Africa |
Philippines | 361.49 | 34 | 385.74 | 37 | 0.406 | 10.6 | 3.22 | 3,492 | 129 | Asia |
Singapore | 339.98 | 39 | 378.65 | 38 | 0.399 | 7.09 | 6.03 | 66,263 | 8 | Asia |
Malaysia | 337.01 | 40 | 371.11 | 39 | 0.391 | 7.53 | 3.50 | 11,125 | 69 | Asia |
Hong Kong SAR | 346.58 | 37 | 369.72 | 40 | 0.389 | 1.39 | 6.44 | 49,485 | 20 | Asia |
Vietnam | 343.11 | 38 | 368.00 | 41 | 0.388 | 1.72 | 3.78 | 3,743 | 124 | Asia |
Bangladesh | 323.06 | 42 | 355.69 | 42 | 0.375 | 12.3 | 4.60 | 2,139 | 149 | Asia |
Chile | 252.82 | 46 | 331.25 | 43 | 0.349 | 24.4 | 11.00 | 16,799 | 54 | South America |
Colombia | 271.55 | 43 | 300.79 | 44 | 0.317 | 30.5 | 7.61 | 5,892 | 96 | South America |
Finland | 269.56 | 44 | 296.02 | 45 | 0.312 | 4.77 | 2.97 | 53,523 | 14 | Europe |
Romania | 248.72 | 47 | 287.28 | 47 | 0.303 | 4.94 | 7.00 | 14,864 | 58 | Europe |
Czech Republic | 245.35 | 48 | 276.91 | 48 | 0.292 | 10.4 | 3.79 | 25,806 | 41 | Europe |
Portugal | 228.36 | 49 | 251.71 | 49 | 0.265 | 25.2 | 4.44 | 24,457 | 43 | Europe |
New Zealand | 209.38 | 50 | 247.64 | 50 | 0.261 | 4.07 | 5.06 | 48,349 | 21 | Oceania |
World | 84,972 | 94,935 | 5.88 | 12,284 |
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Country/Economy | GDP (PPP) (billions of Int. $) | Growth (%) | GDP per capita (PPP) (Int. $) | Continent | ||||||
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2020 | Rank | 2021 | Rank | Share | diff | 2021 | 2021 | Rank | ||
China | 24,191.30 | 1 | 27,071.96 | 1 | 18.7 % | - | 8.02 | 19,090 | 75 | Asia |
United States | 20,893.75 | 2 | 22,939.58 | 2 | 15.9 % | 4,132 | 5.97 | 69,375 | 8 | North America |
India | 8,974.74 | 3 | 10,181.17 | 3 | 7.04 % | 12,758 | 9.50 | 7,314 | 129 | Asia |
Japan | 5,312.30 | 4 | 5,633.51 | 4 | 3.89 % | 4,548 | 2.36 | 44,935 | 34 | Asia |
Germany | 4,536.52 | 5 | 4,843.39 | 5 | 3.35 % | 790 | 3.05 | 58,150 | 18 | Europe |
Russia | 4,100.48 | 6 | 4,447.48 | 6 | 3.07 % | 396 | 4.69 | 30,431 | 56 | Europe |
Indonesia | 3,301.91 | 7 | 3,530.33 | 7 | 2.44 % | 917 | 3.20 | 12,967 | 103 | Asia |
Brazil | 3,153.15 | 8 | 3,437.61 | 8 | 2.38 % | 92.7 | 5.23 | 16,169 | 86 | South America |
France | 3,016.88 | 9 | 3,322.31 | 9 | 2.30 % | 115 | 6.29 | 50,876 | 26 | Europe |
United Kingdom | 2,961.89 | 10 | 3,276.14 | 10 | 2.27 % | 46.2 | 6.76 | 48,693 | 28 | Europe |
Turkey | 2,545.94 | 11 | 2,873.84 | 11 | 1.99 % | 402 | 8.95 | 33,963 | 50 | Europe |
Italy | 2,461.30 | 12 | 2,697.14 | 12 | 1.86 % | 177 | 5.77 | 45,267 | 32 | Europe |
Mexico | 2,439.47 | 13 | 2,685.25 | 13 | 1.86 % | 11.9 | 6.25 | 20,820 | 74 | North America |
Korea | 2,317.18 | 14 | 2,503.40 | 14 | 1.73 % | 182 | 4.28 | 48,309 | 29 | Asia |
Canada | 1,851.54 | 15 | 2,027.37 | 15 | 1.40 % | 476 | 5.69 | 53,089 | 24 | North America |
Spain | 1,811.09 | 16 | 1,984.01 | 16 | 1.37 % | 43.4 | 5.74 | 42,075 | 40 | Europe |
Saudi Arabia | 1,627.75 | 17 | 1,734.23 | 17 | 1.20 % | 250 | 2.84 | 48,908 | 27 | Asia |
Taiwan Province of China | 1,316.03 | 19 | 1,443.41 | 18 | 0.998 % | 291 | 5.86 | 61,371 | 15 | Asia |
Australia | 1,330.47 | 18 | 1,427.26 | 19 | 0.987 % | 16.2 | 3.54 | 55,492 | 22 | Oceania |
Poland | 1,296.85 | 20 | 1,412.30 | 20 | 0.976 % | 15.0 | 5.12 | 37,323 | 42 | Europe |
Egypt | 1,290.02 | 21 | 1,381.06 | 21 | 0.955 % | 31.2 | 3.33 | 13,422 | 101 | Africa |
Thailand | 1,272.54 | 22 | 1,331.05 | 22 | 0.920 % | 50.0 | 0.96 | 19,028 | 76 | Asia |
Islamic Republic of Iran | 1,120.21 | 23 | 1,189.15 | 23 | 0.822 % | 142 | 2.46 | 13,993 | 97 | Asia |
Pakistan | 1,074.84 | 24 | 1,157.48 | 24 | 0.800 % | 31.7 | 3.94 | 5,447 | 143 | Asia |
Vietnam | 1,061.48 | 26 | 1,141.30 | 25 | 0.789 % | 16.2 | 3.78 | 11,608 | 112 | Asia |
Nigeria | 1,069.04 | 25 | 1,136.80 | 26 | 0.786 % | 4.50 | 2.64 | 5,377 | 145 | Africa |
Netherlands | 1,003.81 | 27 | 1,079.16 | 27 | 0.746 % | 57.6 | 3.77 | 61,816 | 14 | Europe |
Argentina | 942.23 | 28 | 1,049.40 | 28 | 0.726 % | 29.8 | 7.50 | 22,892 | 67 | South America |
Philippines | 919.29 | 29 | 983.12 | 29 | 0.680 % | 66.3 | 3.22 | 8,900 | 124 | Asia |
Malaysia | 903.70 | 30 | 969.04 | 30 | 0.670 % | 14.1 | 3.50 | 29,048 | 57 | Asia |
Bangladesh | 870.79 | 31 | 953.39 | 31 | 0.659 % | 15.7 | 4.60 | 5,733 | 139 | Asia |
South Africa | 792.33 | 32 | 861.93 | 32 | 0.596 % | 91.5 | 5.00 | 14,239 | 93 | Africa |
Colombia | 729.06 | 33 | 812.80 | 33 | 0.562 % | 49.1 | 7.61 | 15,922 | 87 | South America |
United Arab Emirates | 660.34 | 34 | 699.44 | 34 | 0.484 % | 113 | 2.24 | 74,245 | 6 | Asia |
Switzerland | 630.36 | 35 | 677.27 | 35 | 0.468 % | 22.2 | 3.71 | 78,112 | 5 | Europe |
Romania | 589.87 | 36 | 653.90 | 36 | 0.452 % | 23.4 | 7.00 | 33,833 | 51 | Europe |
Belgium | 589.72 | 37 | 645.40 | 37 | 0.446 % | 8.50 | 5.64 | 55,919 | 20 | Europe |
Singapore | 560.12 | 39 | 615.29 | 38 | 0.425 % | 30.1 | 6.03 | 107,677 | 3 | Asia |
Sweden | 565.46 | 38 | 609.48 | 39 | 0.421 % | 5.82 | 4.04 | 57,425 | 19 | Europe |
Ukraine | 545.00 | 40 | 584.13 | 40 | 0.404 % | 25.4 | 3.45 | 14,146 | 95 | Europe |
Ireland | 479.43 | 44 | 561.46 | 41 | 0.388 % | 22.7 | 13.04 | 111,360 | 2 | Europe |
Kazakhstan | 501.21 | 41 | 536.34 | 42 | 0.371 % | 25.1 | 3.29 | 28,043 | 59 | Asia |
Algeria | 497.09 | 42 | 532.57 | 43 | 0.368 % | 3.77 | 3.41 | 11,829 | 111 | Africa |
Austria | 493.59 | 43 | 531.41 | 44 | 0.367 % | 1.15 | 3.92 | 59,406 | 16 | Europe |
Chile | 454.60 | 45 | 522.79 | 45 | 0.361 % | 8.62 | 11.00 | 26,513 | 60 | South America |
Hong Kong SAR | 443.14 | 46 | 488.65 | 46 | 0.338 % | 34.1 | 6.44 | 65,403 | 12 | Asia |
Czech Republic | 436.23 | 47 | 469.07 | 47 | 0.324 % | 19.6 | 3.79 | 43,714 | 36 | Europe |
Peru | 397.93 | 49 | 453.65 | 48 | 0.314 % | 15.4 | 10.04 | 13,410 | 102 | South America |
Iraq | 399.38 | 48 | 428.86 | 49 | 0.297 % | 24.8 | 3.65 | 10,415 | 118 | Asia |
Israel | 380.29 | 50 | 421.81 | 50 | 0.292 % | 7.05 | 7.06 | 44,966 | 33 | Asia |
World | 131,980 | 144,636 | 5.88 | 18,715 |