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according to International Monetary Fund estimates [n 1] [1] Countries by nominal GDP in 2019 [n 2] > $20 trillion. $10–20 trillion. $5–10 trillion. $1–5 trillion. $750 billion – $1 trillion. $500–750 billion. $250–500 billion.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (April 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP) .
China's share of global GDP varied from a quarter to a third of global output between the year 1 until the late 19th century. India. In the year 1CE India accounted for 32% of the world's GDP (its highest point). The gross domestic product of India in 1500 was estimated at 24.4% of the world's economy, 22.4% in 1600, 16% in 1820, and 12.1% in 1870.
Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. GDP per capita is often considered an indicator of a country's standard of living ; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income .
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (April 2024 edition), World Bank, or various sources. IMF estimates between 1980 and 1989 [ edit ]
This historical list of the ten largest countries by GDP according to the World Bank shows how the membership and rankings of the world's ten largest economies has changed. Historically, the United States was consistently year after year the world's largest economy since the early twentieth century.
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database.
Countries by Real GDP Growth Rate in 2023 (Data from IMF WEO Database, April 2024) This article includes a lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the value of all final goods and services produced within a state in a given year.