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World Economy Top 50

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The world economy is the value produced and distributed by global societies. This requires labor, talent, knowledge, capital and efficient conditions such as political stability and low corruption. The world economy is typically measured as a dollar amount known as gross domestic product (GDP) that counts the value of all final goods and services produced in a year. This says nothing about how goods are distributed and doesn't subtract economic bads created by an economy. As such, GDP doesn't necessarily translate to a higher standard of living or quality of life. The following chart sorts countries according to nominal GDP.
RankCountryGDP (Trillions US $)
1United States21.43
2China14.34
3Japan5.08
4Germany3.85
5India2.87
6United Kingdom2.83
7France2.72
8Italy2.00
9Brazil1.84
10Canada1.74
11Russian Federation1.70
12South Korea1.64
13Spain1.39
14Australia1.39
15Mexico1.26
16Indonesia1.12
17Netherlands0.91
18Saudi Arabia0.79
19Turkey0.75
20Switzerland0.70
21Poland0.59
22Thailand0.54
23Sweden0.53
24Belgium0.52
25Argentina0.45
26Nigeria0.45
27Austria0.45
28Iran0.45
29United Arab Emirates0.42
30Norway0.40
31Israel0.40
32Ireland0.39
33Philippines0.38
34Singapore0.37
35Hong Kong SAR (China)0.37
36Malaysia0.36
37South Africa0.35
38Denmark0.35
39Colombia0.32
40Egypt0.30
41Bangladesh0.30
42Chile0.28
43Pakistan0.28
44Finland0.27
45Vietnam0.26
46Romania0.25
47Czech Republic0.25
48Iraq0.23
49Peru0.23
50Greece0.21
N/AWorld87.75

Notes

All data is for 2019 except for Iran which is a 2017 number.
All data is in trillions of US dollars to convert to billions multiply by 1000x.
Per capita GDP is a more accurate ranking of the economic development of nations. For example, Pakistan and Finland have similar GDP but Pakistan's population is over 200 million people and Finland's is less than 6 million.
The numbers above are based on exchange rates with the US dollar. This is known as nominal GDP. There is another method for calculating GDP known as purchasing power parity (PPP) that is not represented above.

World Economy

This is the complete list of articles we have written about world economy.
Capital
Development
Economic Bads
Economic Relations
GDP Per Capita
Global Issues
Quality Of Life
Standard Of Living
World Economy
World GDP
World Population
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References

World Bank national accounts data, and OECD National Accounts data files, GDP (current US$), 2019.