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List of countries by largest historical GDP

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This list of countries by largest GDP shows how the membership and rankings of the world's ten largest economies has changed. While the United States has consistently had the world's largest economy for some time, in the last fifty years the world has seen the rapid rise and fall in relative terms of the economies of other countries while the share of the United States has also fluctuated.

Contents

Overview of the ten largest economies

By average values of GDP (nominal)

The ten largest economies by average values of GDP (nominal) [lower-alpha 1] by every half decade from the available data in IMF, World Bank, and United Nations lists (in USD billions) [1] [2] [3] [4]
Year1st2nd3rd4th5th6th7th8th9th10th
2020Flag of the United States (23px).png  United States
20,936.600
Flag of the People's Republic of China.svg  China
14,772.731
Flag of Japan.svg  Japan
5,064.873
Flag of Germany.svg  Germany
3,806.060
Flag of the United Kingdom.svg  United Kingdom
2,707.744
Flag of India.svg  India
2,622.984
Flag of France.svg  France
2,603.004
Flag of Italy.svg  Italy
1,886.445
Flag of Canada (Pantone).svg  Canada
1,643.408
Flag of South Korea.svg  South Korea
1,630.525
2015Flag of the United States (23px).png  United States
18,036.650
Flag of the People's Republic of China.svg  China
11,226.186
Flag of Japan.svg  Japan
4,382.420
Flag of Germany.svg  Germany
3,365.293
Flag of the United Kingdom.svg  United Kingdom
2,863.304
Flag of France.svg  France
2,420.163
Flag of India.svg  India
2,088.155
Flag of Italy.svg  Italy
1,825.820
Flag of Brazil.svg  Brazil
1,801.482
Flag of Canada (Pantone).svg  Canada
1,552.808
2010Flag of the United States (23px).png  United States
14,964.401
Flag of the People's Republic of China.svg  China
5,812.464
Flag of Japan.svg  Japan
5,793.455
Flag of Germany.svg  Germany
3,309.668
Flag of France.svg  France
2,560.002
Flag of the United Kingdom.svg  United Kingdom
2,246.079
Flag of Brazil.svg  Brazil
2,087.889
Flag of Italy.svg  Italy
2,051.412
Flag of India.svg  India
1,729.010
Flag of Russia.svg  Russia
1,638.463
2005Flag of the United States (23px).png  United States
13,093.700
Flag of Japan.svg  Japan
4,755.980
Flag of Germany.svg  Germany
2,866.308
Flag of the United Kingdom.svg  United Kingdom
2,511.165
Flag of the People's Republic of China.svg  China
2,308.786
Flag of France.svg  France
2,207.450
Flag of Italy.svg  Italy
1,855.834
Flag of Canada (Pantone).svg  Canada
1,169.467
Flag of Spain.svg  Spain
1,159.257
Flag of South Korea.svg  South Korea
898.137
2000Flag of the United States (23px).png  United States
10,284.750
Flag of Japan.svg  Japan
4,887.301
Flag of Germany.svg  Germany
1,955.673
Flag of the United Kingdom.svg  United Kingdom
1,442.316
Flag of France.svg  France
1,327.964
Flag of the People's Republic of China.svg  China
1,214.912
Flag of Italy.svg  Italy
1,145.109
Flag of Canada (Pantone).svg  Canada
742.319
Flag of Mexico.svg  Mexico
683.650
Flag of Brazil.svg  Brazil
655.454
1995Flag of Japan.svg  Japan
6,119.000
Flag of the United States (23px).png  United States
6,115.729
Flag of Germany.svg  Germany
2,594.371
Flag of France.svg  France
1,611.198
Flag of the United Kingdom.svg  United Kingdom
1,320.618
Flag of Italy.svg  Italy
1,171.510
Flag of Brazil.svg  Brazil
786.479
Flag of the People's Republic of China.svg  China
736.870
Flag of Spain.svg  Spain
612.413
Flag of Canada (Pantone).svg  Canada
604.034
1990Flag of the United States (23px).png  United States
5,279.592
Flag of Japan (1870-1999).svg  Japan
3,133.547
Flag of the Soviet Union.svg  Soviet Union
2‚659.500
Flag of Germany.svg  West Germany
1,592.710
Flag of France.svg  France
1,278.666
Flag of Italy.svg  Italy
1,177.063
Flag of the United Kingdom.svg  United Kingdom
1,093.997
Flag of Mexico.svg  Mexico
534.177
Flag of Brazil (1968-1992).svg  Brazil
533.945
Flag of Canada (Pantone).svg  Canada
533.920
1985Flag of the United States (23px).png  United States
4,346.717
Flag of the Soviet Union.svg  Soviet Union
2‚200.000
Flag of Japan (1870-1999).svg  Japan
1,401.006
Flag of Germany.svg  West Germany
658.784
Flag of France.svg  France
559.846
Flag of the United Kingdom.svg  United Kingdom
534.244
Flag of Italy.svg  Italy
458.982
Flag of Canada (Pantone).svg  Canada
364.771
Flag of the People's Republic of China.svg  China
312.616
Flag of India.svg  India
237.618
1980Flag of the United States (23px).png  United States
2,862.492
Flag of the Soviet Union.svg  Soviet Union
1,212.000
Flag of Japan (1870-1999).svg  Japan
1,099.695
Flag of Germany.svg  West Germany
919.609
Flag of France.svg  France
691.138
Flag of the United Kingdom.svg  United Kingdom
536.369
Flag of Italy.svg  Italy
459.829
Flag of Canada (Pantone).svg  Canada
268.893
Flag of Brazil (1968-1992).svg  Brazil
235.024
Flag of the People's Republic of China.svg  China
226.003
1975Flag of the United States (23px).png  United States
1,688.900
Flag of the Soviet Union.svg  Soviet Union
686.000
Flag of Japan (1870-1999).svg  Japan
512.861
Flag of Germany.svg  West Germany
474.790
Flag of France.svg  France
355.608
Flag of the United Kingdom.svg  United Kingdom
236.414
Flag of Italy.svg  Italy
219.392
Flag of Canada (Pantone).svg  Canada
173.487
Flag of the People's Republic of China.svg  China
160.751
Flag of Brazil (1968-1992).svg  Brazil
115.880
1970Flag of the United States (23px).png  United States
1,075.900
Flag of the Soviet Union.svg  Soviet Union
433.400
Flag of Japan (1870-1999).svg  Japan
209.071
Flag of Germany.svg  West Germany
208.868
Flag of France.svg  France
146.438
Flag of the United Kingdom.svg  United Kingdom
124.800
Flag of Italy.svg  Italy
109.257
Flag of the People's Republic of China.svg  China
91.273
Flag of Canada (Pantone).svg  Canada
87.734
Flag of India.svg  India
62.494
1965Flag of the United States (23px).png  United States
712.082
Flag of the Soviet Union.svg  Soviet Union
367.400
Flag of Germany.svg  West Germany
124.625
Flag of France.svg  France
102.161
Flag of the United Kingdom.svg  United Kingdom
100.596
Flag of Japan (1870-1999).svg  Japan
90.950
Flag of the People's Republic of China.svg  China
69.709
Flag of Italy.svg  Italy
67.978
Flag of India.svg  India
60.599
Flag of Canada (Pantone).svg  Canada
53.910
1960Flag of the United States (23px).png  United States
520.531
Flag of the Soviet Union.svg  Soviet Union
142.400
Flag of Germany.svg  West Germany
92.172
Flag of the United Kingdom.svg  United Kingdom
72.328
Flag of France.svg  France
61.552
Flag of the People's Republic of China.svg  China
61.378
Flag of Japan (1870-1999).svg  Japan
44.307
Canadian Red Ensign (1957-1965).svg  Canada
41.093
Flag of Italy.svg  Italy
40.385
Flag of India.svg  India
36.604

By average values of GDP (PPP)

The ten largest economies by average values of GDP (PPP) [lower-alpha 2] by every half decade from the available data in IMF and World Bank lists (in USD billions) [5] [6] [7] [8] [9]
Year1st2nd3rd4th5th6th7th8th9th10th
2020Flag of the People's Republic of China.svg  China
24,273.360
Flag of the United States (23px).png  United States
20,936.600
Flag of India.svg  India
9,907.028
Flag of Japan.svg  Japan
5,328.033
Flag of Germany.svg  Germany
4,469.546
Flag of Russia.svg  Russia
4,133.084
Flag of Indonesia.svg  Indonesia
3,302.377
Flag of Brazil.svg  Brazil
3,153.597
Flag of France.svg  France
3,115.307
Flag of the United Kingdom.svg  United Kingdom
3,019.057
2015Flag of the People's Republic of China.svg  China
19,695.741
Flag of the United States (23px).png  United States
18,036.650
Flag of India.svg  India
8,003.405
Flag of Japan.svg  Japan
5,118.682
Flag of Germany.svg  Germany
3,860.114
Flag of Russia.svg  Russia
3,759.692
Flag of Brazil.svg  Brazil
3,216.167
Flag of Indonesia.svg  Indonesia
2,849.796
Flag of the United Kingdom.svg  United Kingdom
2,700.627
Flag of France.svg  France
2,665.863
2010Flag of the United States (23px).png  United States
14,964.400
Flag of the People's Republic of China.svg  China
12,405.881
Flag of India.svg  India
5,312.261
Flag of Japan.svg  Japan
4,485.871
Flag of Germany.svg  Germany
3,279.529
Flag of Russia.svg  Russia
3,240.905
Flag of Brazil.svg  Brazil
2,803.368
Flag of France.svg  France
2,340.155
Flag of the United Kingdom.svg  United Kingdom
2,251.123
Flag of Italy.svg  Italy
2,075.864
2005Flag of the United States (23px).png  United States
13,093.700
Flag of the People's Republic of China.svg  China
6,617.286
Flag of Japan.svg  Japan
4,056.757
Flag of India.svg  India
3,238.203
Flag of Germany.svg  Germany
2,804.578
Flag of Russia.svg  Russia
2,474.758
Flag of Brazil.svg  Brazil
2,046.980
Flag of France.svg  France
2,046.601
Flag of the United Kingdom.svg  United Kingdom
2,008.467
Flag of Italy.svg  Italy
1,916.369
2000Flag of the United States (23px).png  United States
10,284.775
Flag of the People's Republic of China.svg  China
3,698.622
Flag of Japan.svg  Japan
3,405.450
Flag of Germany.svg  Germany
2,430.427
Flag of India.svg  India
2,077.843
Flag of France.svg  France
1,678.332
Flag of Russia.svg  Russia
1,635.277
Flag of Italy.svg  Italy
1,628.105
Flag of Brazil.svg  Brazil
1,579.824
Flag of the United Kingdom.svg  United Kingdom
1,556.051
1995Flag of the United States (23px).png  United States
7,664.075
Flag of Japan (1870-1999).svg  Japan
2,965.536
Flag of the People's Republic of China.svg  China
2,254.642
Flag of Germany.svg  Germany
2,033.711
Flag of India.svg  India
1,426.298
Flag of Russia.svg  Russia
1,389.470
Flag of Italy.svg  Italy
1,356.581
Flag of France.svg  France
1,337.635
Flag of Brazil.svg  Brazil
1,306.756
Flag of the United Kingdom.svg  United Kingdom
1,224.054
1990Flag of the United States (23px).png  United States
5,279.575
Flag of the Soviet Union.svg  Soviet Union
Flag of Japan (1870-1999).svg  Japan
2,431.093
Flag of Germany.svg  West Germany
1,636.133
Flag of Italy.svg  Italy
1,134.581
Flag of France.svg  France
1,112.013
Flag of the People's Republic of China.svg  China
1,092.075
Flag of the United Kingdom.svg  United Kingdom
1,001.703
Flag of Brazil (1968-1992).svg  Brazil
1,000.682
Flag of India.svg  India
986.896
1985Flag of the Soviet Union.svg  Soviet Union
Flag of the United States (23px).png  United States
4,346.750
Flag of Japan (1870-1999).svg  Japan
1,633.243
Flag of Germany.svg  West Germany
1,200.553
Flag of Italy.svg  Italy
1,044.727
Flag of France.svg  France
807.519
Flag of Brazil (1968-1992).svg  Brazil
776.449
Flag of the United Kingdom.svg  United Kingdom
722.892
Flag of the People's Republic of China.svg  China
654.954
Flag of India.svg  India
633.604
1980Flag of the United States (23px).png  United States
2,862.475
Flag of the Soviet Union.svg  Soviet Union
Flag of Japan (1870-1999).svg  Japan
1,027.017
Flag of Germany.svg  West Germany
866.222
Flag of Italy.svg  Italy
594.363
Flag of France.svg  France
578.363
Flag of Brazil (1968-1992).svg  Brazil
570.249
Flag of the United Kingdom.svg  United Kingdom
498.558
Flag of India.svg  India
452.711
Flag of the People's Republic of China.svg  China
419.053

World Bank statistics of the ten largest economies by GDP (PPP)

Angus Maddison statistics of the ten largest economies by GDP (PPP)

Main GDP countries

The United States Department of Agriculture has calculated the share of every country to global real GDP from 1969 to 2010. [10]

European Union

It currently produces 17% of global GDP (nominal) and 14.5% of global GDP (PPP) in 2023.

United States

The United States represented 28.69% of the world's economy in 1960 (highest point). It accounted for 1.8% of the world's economy in 1820, 8.9% in 1870, and 18.9% in 1913. The United States produced 25.3% (nominal) and 15.5% of global GDP (PPP) in 2022. [11]

China

China represented 1.61% of the world's economy in 1987 (lowest point), rising to 18.4% (nominal) and 19% (PPP) in 2022. It accounted for 25.4% of global GDP in 1 CE, 29% of world global output in 1600 CE, 17.3% of the world's economy in 1870, and 33% in 1820 (its highest point). 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. [11]

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 about 24.4% of the world's economy, 22.4% in 1600, 16% in 1820, and 12.1% in 1870. India's share of global GDP declined to less than 2% of global GDP by the time of it's independence and would only gradually rise after the liberalization of its economy beginning in the 1990's. The Republic of India currently contributes 3.6% of world GDP (nominal) and 7.5% of global GDP (PPP) in 2023.

Notes

  1. This is, the absolute gross domestic product or total productive output of a country, not corrected by cost of life.
  2. Purchasing power parity (PPP) is the exchange-rate-adjusted GDP, accounting for the value of money in different countries.

Related Research Articles

The gross world product (GWP), also known as gross world income (GWI), is the combined gross national income of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP). According to the World Bank, the 2013 nominal GWP was approximately 75.59 trillion United States dollars. In 2017, according to the CIA's World Factbook, the GWP was around $80.27 trillion in nominal terms and totaled approximately 127.8 trillion international dollars in terms of purchasing power parity (PPP). The per capita PPP GWP in 2017 was approximately 17,500 international dollars according to the World Factbook. According to the World Bank, the 2020 GWP in current dollars was approximately $84.705 trillion.

<span class="mw-page-title-main">World economy</span> Economy of the world

The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services. In some contexts, the two terms are distinct: the "international" or "global economy" is measured separately and distinguished from national economies, while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use and exchange, the definitions, representations, models and valuations of the world economy vary widely. It is inseparable from the geography and ecology of planet Earth.

<span class="mw-page-title-main">Economy of Asia</span>

The economy of Asia comprises about 4.7 billion people living in 50 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms.

<span class="mw-page-title-main">Economy of North America</span>

The economy of North America comprises more than 596 million people in its 24 sovereign states and 15 dependent territories. It is marked by a sharp division between the predominantly English speaking countries of Canada and the United States, which are among the wealthiest and most developed nations in the world, and countries of Central America and the Caribbean in the former Latin America that are less developed. Mexico and Caribbean nations of the Commonwealth of Nations are between the economic extremes of the development of North America.

This is the Economic history of the Indian subcontinent. It includes the economic timeline of the region, from the ancient era to the present, and briefly summarizes the data presented in the Economic history of India and List of regions by past GDP (PPP) articles.

<span class="mw-page-title-main">Economy of Guangdong</span>

The economy of Guangdong is one of the most prosperous in China. Guangdong is located in southern China, bordering on Fujian Province to the east, Hunan Province to the north, Guangxi Autonomous Region to the west and the special administrative regions of Hong Kong and Macau to the south. It is also the largest economy of a sub-national entity in terms of GDP in all of Asia and 3rd largest sub-national entity in the world.

<span class="mw-page-title-main">Historical GDP of China</span> Overview of economic growth and decline in the East Asian country

This article includes a list of China's historical gross domestic product (GDP) values, the market value of all final goods and services produced by a nation in a given year. The GDP dollar estimates presented here are either calculated at market or government official exchange rates (nominal), or derived from purchasing power parity (PPP) calculations. This article also includes historical GDP growth.

<span class="mw-page-title-main">Economy of South Asia</span>

The economy of South Asia comprises 2 billion people living in eight countries. The Indian subcontinent was historically one of the richest regions in the world, comprising 25% of world GDP as recently as 1700, but experienced significant de-industrialisation and a doubling of extreme poverty during the colonial era of the late 18th to mid-20th century. In the post-colonial era, South Asia has grown significantly, with India advancing because of economic liberalisation from the 1980s onwards, and extreme poverty now below 15% in the region. South Asia has been the fastest-growing region of the world since 2014.

References

  1. "World's largest economies". CNNMoney.
  2. "National Accounts - Analysis of Main Aggregates (AMA)". unstats.un.org.
  3. World Bank GDP Data (December 2014)
  4. "World Economic Outlook". www.imf.org.[ dead link ]
  5. "IMF historical GDP (PPP) Data (October 2014)". Imf.org. 2015-10-06. Retrieved 2015-10-08.
  6. "GDP, PPP; Table". Data.worldbank.org. 2014-12-16. Retrieved 2014-12-18.
  7. "Welcome to World Bank Intranet" (PDF).
  8. "Report for Selected Countries and Subjects". www.imf.org.
  9. Elliott, Larry (January 6, 2011). "GDP projections from PwC: how China, India and Brazil will overtake the West by 2050". the Guardian.
  10. ""Real Historical Gross Domestic Product (GDP) Shares and Growth Rates of GDP Shares", USDA, November 2009". Ers.usda.gov. Archived from the original on 2013-09-08. Retrieved 2014-01-19.
  11. 1 2 Azar Gat (2008). War in Human Civilization. Oxford University Press. p. 517. ISBN   978-0-19-923663-3.