Trillion dollar club (macroeconomics) - Wikipedia

Trillion dollar club (macroeconomics)

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The Trillion dollar club is an unofficial classification of the world's major economies with a gross domestic product (nominal GDP) of more than US$1 trillion per year.[1][2] As of 2017, it included 16 countries.

Due to the world financial crisis, South Korea and Australia exited the trillion dollar club as their nominal GDPs shrank below $1 trillion in 2008 and 2009 respectively. Australia rejoined the list in 2010 while South Korea did so in 2011 as these countries' nominal GDPs once again were above $1 trillion. Accordingly, with the IMF, Mexico's estimated nominal GDP in 2009 also diminished below the trillion dollar mark, although other sources such as the CIA reported it above the mark.

Chronological order of current nations having at least US$500 billion economyEdit

Year Country Source
1959   United States [3]
1964   EU [3]
1975   Japan [3]
1978   France [3]
1980   United Kingdom [3]
1986   Italy [3]
1988   Canada [3]
1990   Germany [3]
1990   Spain [3]
1991   Brazil [3]
1993   China [3]
1993   Mexico [3]
1995   South Korea [3]
2002   India [3]
2003   Netherlands [3]
2004   Australia [3]
2004   Russia [3]
2005   Turkey [3]
2008   Belgium [3]
2008   Indonesia [3]
2008   Poland [3]
2008   Saudi Arabia [3]
2008   Sweden [3]
2008    Switzerland [3]
2011   Argentina [3]
2013   Norway [3]
2014   Nigeria [3]

Former nations that had a US$500 billion economyEdit

Year Country Source
1960-1990(?)   Soviet Union
1976   West Germany [3]

Chronological order of current nations having at least US$1 trillion economyEdit

 
Economies exceeding $1t in 2010 (log scale)
Year Country Source
1969   United States [3]
1972   EU [3]
1979   Japan [3]
1987   Germany [3]
1988   France [3]
1989   United Kingdom [3]
1990   Italy [3]
1998   China [3]
2004   Spain [3]
2004   Canada [3]
2006   Brazil [3]
2006   South Korea [3]
2007   India [3]
2007   Mexico [3]
2007   Russia [3]
2008   Australia [3]
2017   Indonesia [3]

Former nations that had US$1 trillion economyEdit

Year Country Source
1978   Soviet Union
1987   West Germany [3]

All of the G8 and BRIC countries are currently $1 trillion economies in United States dollars. Since currency valuations can be subject to rapid change, a country could achieve the US$1 trillion nominal GDP mark one year and then produce less than that in total goods and services the following year(s). The 2010 data used here are compiled according to the International Monetary Fund (IMF) values. As for the former Soviet Union, the last statistics about its economy stated that it had an over US$2.5 trillion economy in the 1990 fiscal year, before its collapse. Also, the Soviet Union reached US$1 trillion in 1978.

Chronological order of current nations having at least US$2 trillion economyEdit

Year Country Source
1977   EU [3]
1977   United States [3]
1986   Japan [3]
1992   Germany [3]
2004   France [3]
2004   United Kingdom [3]
2005   China [3]
2007   Italy [3]
2010   Brazil [3]
2011   Russia [3]
2014   India [3]

Former nation that had US$2 trillion economyEdit

Year Country Source
1980-1990(?)   Soviet Union

Chronological order of current nations having at least US$3 trillion economyEdit

Year Country Source
1979   EU [3]
1981   United States [3]
1988   Japan [3]
2006   Germany [3]
2007   China [3]
2007   United Kingdom Briefly became a $3 Tril economy in 2006 but GDP dropped to $2.38 Tril after crash. GDP was $3.02 in 2014. GDP is $2.6 Tril in 2019 [3]
2020   India [3]

Chronological order of current nations having at least US$4 trillion economyEdit

Year Country Source
1984   United States [3]
1986   EU [3]
1993   Japan [3]
2008   China [3]
2018   Germany [3]

Chronological order of current nations having at least US$5 trillion economyEdit

Year Country Source
1987   EU [3]
1988   United States [3]
2009   China [3]

Chronological order of current nations having at least US$6 trillion economyEdit

Year Country Source
1989   EU [3]
1992   United States [3]
2010   China [3]
2011   Japan [3]

Chronological order of current nations having at least US$7 trillion economyEdit

Year Country Source
1990   EU [3]
1994   United States [3]
2011   China [3]

Chronological order of current nations having at least US$8 trillion economyEdit

Year Country Source
1992   EU [3]
1996   United States [3]
2012   China [3]

Chronological order of current nations having at least US$9 trillion economyEdit

Year Country Source
1995   EU [3]
1998   United States [3]
2013   China [3]

Chronological order of current nations having at least US$10 trillion economyEdit

Year Country Source
2000   United States [3]
2003   EU [3]
2014   China [3]

Chronological order of current nations having at least US$11 trillion economyEdit

Year Country Source
2003   United States [3]
2004   EU [3]
2015   China [3]

Chronological order of current nations having at least US$12 trillion economyEdit

Year Country Source
2004   EU [3]
2004   United States [3]
2017   China [3]

Chronological order of current nations having at least US$13 trillion economyEdit

Year Country Source
2004   EU [3]
2005   United States [3]
2018   China [3]

Chronological order of current nations having at least US$14 trillion economyEdit

Year Country Source
2005   EU [3]
2007   United States [3]
2019   China [3]

Chronological order of current nations having at least US$15 trillion economyEdit

Year Country Source
2006   EU [3]
2011   United States [3]

Chronological order of current nations having at least US$16 trillion economyEdit

Year Country Source
2007   EU [3]
2012   United States [3]

Chronological order of current nations having at least US$17 trillion economyEdit

Year Country Source
2007   EU [3]
2014   United States [3]

Chronological order of current nations having at least US$18 trillion economyEdit

Year Country Source
2008   EU [3]
2015   United States [3]

Chronological order of current nations having at least US$19 trillion economyEdit

Year Country Source
2008   EU [3]
2017   United States [3]

Chronological order of current nations having at least US$20 trillion economyEdit

Year Country Source
2018   United States [3]

See alsoEdit

ReferencesEdit

  1. ^ Welcome to the Trillion Dollar Club - Forbes.com 26 April 2007
  2. ^ Indian joins the Trillion Dollar Club - The Hindu 27 April 2007
  3. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bp bq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch ci cj ck cl cm cn co cp cq cr cs ct cu cv cw cx cy cz da db dc dd de df dg "World Bank". data.worldbank.org. Retrieved 6 May 2019.