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The global economy is a system that produces and distributes value. This is almost completely based on a capitalist market economy driven by the profit motive with taxation that serves as a mechanism of income redistribution. In other words, market economies are sustaining the quality of life of approximately 7,800,000,000 people. The following ranking of economies by gross domestic product is in US dollars. It can be argued that it is more useful to rank countries in international dollars or per capita.
RankCountry NameGDP (US$)
1United States21,427,700,000,000
2China14,342,902,842,916
3Japan5,081,769,542,380
4Germany3,845,630,030,824
5India2,875,142,314,812
6United Kingdom2,827,113,184,696
7France2,715,518,274,227
8Italy2,001,244,392,042
9Brazil1,839,758,040,766
10Canada1,736,425,629,520
11Russian Federation1,699,876,578,871
12South Korea1,642,383,217,167
13Spain1,394,116,310,769
14Australia1,392,680,589,329
15Mexico1,258,286,717,125
16Indonesia1,119,190,780,753
17Netherlands909,070,395,161
18Saudi Arabia792,966,838,162
19Turkey754,411,708,203
20Switzerland703,082,435,360
21Poland592,164,400,688
22Thailand543,649,976,166
23Sweden530,832,908,738
24Belgium529,606,710,418
25Argentina449,663,446,954
26Nigeria448,120,428,859
27Austria446,314,739,528
28United Arab Emirates421,142,267,938
29Norway403,336,363,636
30Israel395,098,666,122
31Ireland388,698,711,348
32Philippines376,795,508,680
33Singapore372,062,527,489
34Hong Kong SAR, China366,029,556,273
35Malaysia364,701,517,788
36South Africa351,431,649,241
37Denmark348,078,018,464
38Colombia323,802,808,108
39Egypt303,175,127,598
40Bangladesh302,571,254,131
41Chile282,318,159,745
42Pakistan278,221,906,023
43Finland268,761,201,365
44Vietnam261,921,244,843
45Romania250,077,444,017
46Czech Republic246,489,245,495
47Portugal237,686,075,635
48Iraq234,094,042,939
49Peru226,848,050,820
50Greece209,852,761,469
51New Zealand206,928,765,544
52Qatar183,466,208,791
53Kazakhstan180,161,741,180
54Algeria169,988,236,398
55Hungary160,967,157,504
56Ukraine153,781,069,118
57Kuwait134,761,198,946
58Morocco118,725,279,596
59Ecuador107,435,665,000
60Slovak Republic105,422,304,976
61Puerto Rico104,988,600,000
62Ethiopia96,107,662,398
63Kenya95,503,088,538
64Angola94,635,415,870
65Dominican Republic88,941,298,258
66Sri Lanka84,008,783,756
67Oman76,983,094,928
68Guatemala76,710,385,880
69Myanmar76,085,852,617
70Luxembourg71,104,919,108
71Bulgaria67,927,179,737
72Ghana66,983,634,224
73Panama66,800,800,000
74Tanzania63,177,068,175
75Belarus63,080,457,023
76Costa Rica61,773,944,174
77Croatia60,415,553,039
78Cote d'Ivoire58,792,205,642
79Uzbekistan57,921,286,440
80Uruguay56,045,912,952
81Lithuania54,219,315,600
82Macao SAR, China53,859,116,536
83Slovenia53,742,159,517
84Lebanon53,367,042,272
85Libya52,076,250,948
86Serbia51,409,167,351
87Azerbaijan48,047,647,059
88Congo47,319,624,204
89Jordan43,743,661,972
90Bolivia40,895,322,865
91Tunisia38,797,709,924
92Cameroon38,760,467,033
93Bahrain38,574,069,149
94Paraguay38,145,288,940
95Uganda34,387,229,486
96Latvia34,117,202,555
97Estonia31,386,949,981
98Nepal30,641,380,604
99Cambodia27,089,389,787
100El Salvador27,022,640,000
N/AWorld87,751,540,848,579

Notes

All data is 2019.
Ranked in international dollars using the purchasing power parity (PPP) method, the economy of China exceeds the United States.

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References

The World Bank, World Development Indicators, 2020.

World Economy

A list of countries by GDP.

Gdp Per Capita

A list of countries by GDP per capita.

World Population

A list of countries by population.

Global Issues

A list of global issues.

Economic Relations

The definition of economic relations with examples.

Pros Cons of Globalization

An overview of potential pros and cons of globalization.

GDP

An overview of what GDP includes with examples.

World

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International Economics

An overview of the topics covered by international economics.

Industrialization

The definition of industrialization with examples.

Free Riding

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State Capitalism

The definition of state capitalism with examples.

World Income Distribution

A simple metric of income distribution with data.

Global Business

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