The rest of the world combined brings in nearly USD 21bn. World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery June 24, 2020 Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The latest GDP numbers from the World Bank were released earlier this month, and today’s visualization from HowMuch.net breaks them down to show the relative share of the global economy for each country.. 192 countries from around the world are ranked by GDP measured in US dollars and PPPs from 1980 to 2019. Population figures based on United … Directly accessible data for 170 industries from 50 countries Providing daily updates of global economic developments, with coverage of high income- as well as developing countries. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Growth is expected to be widespread and robust but “the cumulative loss to global GDP over 2020 and 2021 from the pandemic crisis could be around $9 trillion dollars… Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. Then you will be able to mark statistics as favourites and use personal statistics alerts. Please authenticate by going to "My account" → "Administration". The list of countries by GDP showed on this page is based on the latest data from the World Economic Outlook by the International Monetary Fund. IMF. Countries with the largest gross domestic product (GDP) per capita 2019, Countries with the largest gross domestic product (GDP) 2019, The 20 countries with the lowest gross domestic product (GDP) per capita in 2019. Japan has the third-largest economy in the world with a GDP of $5.15 trillion. Corporate solution including all features. This is a truly global crisis as no country is spared. The gross world product (GWP) is the combined gross national product of all the countries in the world equals to the total global GDP. Profit from additional features by authenticating your Admin account. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. The figures were rounded for a better comprehension of the statistic. Find Out, Online tool for visualization and analysis. A USD $512bn increase in global household savings; A six percent average increase in GDP per capita for low-income countries; An average increase in GDP of USD $25 per person in South and Southeast Asia: and USD $108 per person in Latin America and the Caribbean (versus a global average of USD $33 per person). Russia is the ninth least indebted country in the world. In nominal data, China is forecast to become a $15 trillion economy in 2020. According to the World Bank, the 2013 nominal GWP was approximately US$ 75.59 trillion. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product. COVID-19 has delivered an enormous global shock, leading to steep recessions in many countries. So, the global economy rebounds from a 5.4% decline of 2015. This site uses cookies to optimize functionality and give you the best possible experience. Please create an employee account to be able to mark statistics as favorites. International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. World Bank national accounts data, and OECD National Accounts data files. Are you interested in testing our corporate solutions? Accessed December 18, 2020. https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/, IMF. Per capita incomes in most emerging and developing economies will … Russia’s debt is currently at a total of over 14 billion руб ($216 billion USD). If you continue to navigate this website beyond this page, cookies will be placed on your browser. The GDP value of South Africa represents 0.29 percent of the world economy. Global Debt Monitor: Sharp Spike In Global Debt Ratios. To learn more about cookies, click here. Most of Russia’s external debt is private. G20, a grouping of developed and developing nations, today vowed to take more measures to push the global GDP by an additional 2 per cent, or over USD 2 trillion, by 2018. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The US Dollar lost ground to most ASEAN currencies as Emerging Market assets climbed despite US economic woes. New, Everything you need to know about the industry development, Find studies from all around the internet. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). Canada’s national debt is currently at 83.81% of its GDP. In real terms, global GDP growth for 2018 is … facts. $39 per month* Current World GDP is 75.87 trillion USD. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Indonesia: Gross Domestic Product, billions of U.S. dollars: For that indicator, we provide data for Indonesia from 1967 to 2019. The statistic shows the growth in global gross domestic product (GDP) from 2009 to 2019, with projections up until 2021. The Gross Domestic Product (GDP) in South Africa was worth 351.43 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Nominal (current) Gross Domestic Product (GDP) of Qatar is $166,928,571,429 (USD) as of 2017.; Real GDP (constant, inflation adjusted) of Qatar reached $173,381,268,749 in 2017.; GDP Growth Rate in 2017 was 1.58%, representing a change of 2,696,562,760 US$ over 2016, when Real GDP was $170,684,705,989. Looking at total blockchain impact in 2021, PwC estimates it to be USD 65.8bn, with United States' USD 15.1bn at the top, followed by China's USD 13.1bn, and then Germany's USD 3.8bn. World economy, comprising 193 economies, in 2019 is projected around of US$86.60 trillion in nominal terms, according to IMF. But change is afoot, as this infographic from the Visual Capitalist shows. The full circle, known as a Voronoi Diagram, represents the entirety of the $74 trillion global economy in nominal terms. The United States remains the world’s largest economy, but China is expected to take first place by 2032. Pandemic-driven recessionary conditions pushed global debt-to-GDP to a new record of 331% of GDP ($258T) in Q1, up from 320% in Q4 2019. (billed annually). Learn more about how Statista can support your business. "Global gross domestic product (GDP) at current prices from 2009 to 2021 (in billion international dollars)." In 2017, the world's nominal GDP was estimated at $80,051 billion by the International Monetary Fund, up by 5.8 percent from the previous year. You only have access to basic statistics. Japan. and over 1 Mio. July 16, 2020. Moreover, according to IMF's World Economic Outlook, in 2018, economic activity is projected to pick up the pace to grow by 6 percent. The $74 Trillion Global Economy in One Chart. The cumulative loss to global GDP over 2020 and 2021 from the pandemic crisis could be around 9 trillion dollars, greater than the economies of Japan and Germany, combined. Then you can access your favorite statistics via the star in the header. The latest projected “GDP rankings of the world’s largest economies” is based on the size of national economies in US dollar terms. The world economy or global economy is the economy of all humans of the world, referring to the global economic system that includes all economic activity within nations and between nations, including production, consumption, economic management, exchange of financial values and trade of goods and services. This feature is limited to our corporate solutions. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). Latest official GDP figures published by the World Bank. Gross Domestic Product, or GDP, measures the economy size of a country. This statistic shows the global GDP (gross domestic product) from 2014 to 2024. For more than a century, the United States has been the world's biggest economy, accounting for over 24% of the world’s gross domestic product (GDP) in 2016, according to figures from the World Bank. one international dollar would buy a comparable amount of goods and services in the respective country to the amount one U.S. dollar would buy in the United States. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021. Sixteen economies would have gdp above $1 trillion, and 62 would have above $100 billion. ", IMF, Global gross domestic product (GDP) at current prices from 2009 to 2021 (in billion international dollars) Statista, https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/ (last visited December 18, 2020), Global gross domestic product (GDP) at current prices from 2009 to 2021, Gross domestic product (GDP) of selected global regions 2019, GDP of the main industrialized and emerging countries 2019, Countries with the highest gross domestic product (GDP) 2030 - forecast, Share of global regions in the gross domestic product 2019, Share of the main industrialized and emerging countries in the GDP 2019, Countries with the largest proportion of global gross domestic product (GDP) 2019, Unemployed persons in selected world regions 2020, Unemployment rate in selected world regions 2020, Unemployment rates in major industrial and emerging countries 2017, Countries with the highest unemployment rate, Number of young unemployed people worldwide until 2019, Global youth unemployment rate until 2019, Inflation rate in selected global regions in 2019, Inflation rate of the main industrialized and emerging countries 2019, Countries with the highest inflation rate 2019, Countries with the lowest inflation rate 2019, The 20 countries with the highest trade surplus in 2019, The 20 countries with the highest trade balance deficit in 2019, Countries with the highest population growth rate 2017, GDP growth in the leading industrial and emerging countries 2nd quarter 2020, Monthly unemployment rate in industrial and emerging countries August 2020, Monthly inflation rate in industrial and emerging markets 2020, Global Purchasing Manager Index (PMI) of the industrial sector August 2020, ifo World Economic Climate Index 4th quarter 2019, Consumer confidence worldwide from Q4 2014 to Q4 2016, Italy: interest in international economic news in 2014-2017, AI environmental application impact on GDP worldwide 2030, by region, Leading global economic power as seen by Chinese as of 2016, Increase of GDPs globally due to artificial intelligence 2030, Italy: interest in international economic news in 2017, Share of people who agree free trade is beneficial for the economy by country 2019, Gross domestic product (GDP) growth in selected world regions until 2021, Forecast on the GDP growth by world regions until 2021, Real GDP growth rate in Japan Q1 2017-Q1 2020, Gross domestic product (GDP) growth in India 2nd quarter 2020, Change of the gross domestic product (GDP) of the euro area up to 2019, Forecast of the gross domestic product (GDP) growth in the euro countries 2021, GDP growth in EU countries compared to same quarter previous year 2nd quarter 2020, Global sensor shipment share 2016 and 2021, by product category, Global gross domestic product (GDP) at current prices from 2009 to 2021 (in billion international dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. World GDP table by year, historic, and current data. In, IMF. For example, in 1960, U.S. GDP was $543 billion and global GDP was $1.367 trillion (based on current U.S. Daily data updates are provided for exchange rates, equity markets, and emerging market bond indices. Global gross domestic product (GDP) at current prices from 2009 to 2021 (in billion international dollars) [Graph]. Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. (April 15, 2020). *Forecast. The GDP value of the United States represents 17.65 percent of the world economy. Chart. Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). The sustainable debt universe has now topped $1.5tn for the first time—80% in EUR, USD, and CNY . Fed Funds Futures Therefore, U.S. GDP was 40% of global GDP ($543 billion / $1.367 trillion). Dollars). "Global Gross Domestic Product (Gdp) at Current Prices from 2009 to 2021 (in Billion International Dollars). GDP in the United States averaged 7456.57 USD Billion from 1960 until 2019, reaching an all time high of 21427.70 USD Billion in 2019 and a record low of 543.30 USD Billion in 1960. Global GDP in terms of PPP is forecasted around of Int$141.86 trillion. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020—the deepest global recession in decades. GDP (current US$) from The World Bank: Data. "International dollar" is a hypothetical currency that has a comparable purchase power parity to the U.S. dollar at any given time, i.e. New, Figures and insights about the advertising and media world, Industry Outlook Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Register in seconds and access exclusive features. In PPP, the biggest economy, China shares 18.6% of the world, and lowest-ranked Tuvalu shares 0.00004 percent. Japan Nominal GDP: $5.15 trillion- Japan GDP (PPP): $5.75 trillion. The gross world product is the combined gross national income of all the countries in the world. In 2017, according to the CIA's World Factbook, the GWP was around US $80.27 trillion in … The average value for Indonesia during that period was 286.67 billion U.S. dollars with a minimum of 5.67 billion U.S. dollars in 1967 and a maximum of 1119.19 billion U.S. dollars in 2019. The magazine expects India to rise to fifth place in 2019 from seventh, and France to remain at sixth. Japan. USD/INR is eyeing third-quarter Indian GDP at the end of the week. ; GDP per Capita in Qatar (with a population of 2,724,728 people) was $63,633 in … Japan’s GDP … Japan is the third-largest … Update, Insights into the world's most important technology markets, Advertising & Media Outlook In 2017, the global GDP (or gross world product) amounted to about 80.14 trillion U.S. dollars. April 15, 2020. Please do not hesitate to contact me. 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