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THE WORLD'S LARGEST ECONOMIES

The economic strength of a country is determined by its gross domestic product
(GDP). In other words, the amount of all income generated in the country from
the sale of goods and services.

With a GDP of 23.00 trillion dollars, the USA is by far the world's largest
economy in this ranking for 2021. It is followed by China in second place with a
GDP of 17.73 trillion dollars. Canada is also quite far ahead in the
international comparison and occupies the ninth place in this ranking.

► The richest countries in the world
► Average income in comparison


► Interactive map



BIGGEST ECONOMIES IN 2021 BY GROSS DOMESTIC PRODUCT




RankCountryGDP in billion $GDP in $ per capita1United
States22,996.169,2882China17,734.112,5563Japan4,937.439,2854Germany4,223.150,7615United
Kingdom3,186.947,3346India3,173.42,2557France2,937.543,3588Italy2,099.935,5259Canada1,990.852,05110South
Korea1,798.534,75811Russia1,775.812,37912Brazil1,609.07,50713Australia1,542.760,05414Spain1,425.330,05915Mexico1,293.010,20516Indonesia1,186.14,33317Netherlands1,018.058,06218Saudi
Arabia833.523,18619Turkey815.39,61720Switzerland812.993,39621Poland674.017,85722Sweden627.460,23923Belgium599.951,74524Thailand506.07,06725Ireland498.699,05526Argentina491.510,72927Norway482.489,20328Venezuela482.416,05629Israel481.651,43030Austria477.153,27131Nigeria440.82,06532South
Africa419.97,07133Bangladesh416.32,45834Egypt404.13,69935Denmark397.167,80336Singapore397.072,79437Philippines394.13,46138Malaysia372.711,10139Hong
Kong *368.149,66140Vietnam362.63,72141United Arab
Emirates358.938,64142Pakistan346.31,49743Chile317.116,26544Colombia314.36,10145Finland299.253,98946Romania284.114,85847Czechia282.326,87548New
Zealand250.048,80249Portugal249.924,20250Iran231.52,653





CALCULATED DIFFERENTLY: ECONOMIC STRENGTH PER CAPITA

Large countries with many inhabitants naturally also have high sales and a
correspondingly a high gross domestic product. A large but not populous country
like Canada, with its current population of 38.2 million, has little chance of
matching the combined economic output of 331.9 million US-Americans or 1.4
billion Chinese. However, if you compare the economic output per capita, the
picture is suddenly completely different. The USA slips from its top position to
11th place. China, with 12,556 USD per inhabitant, only reaches 80th place. And
right at the top are the Principality of Monaco ($ 184,611), Liechtenstein ($
167,020), and Luxembourg with $ 135,472 per inhabitant. Canada moves from ninth
to 22nd place.

(Based on all 212 countries evaluated. The table above only shows the most
important 50 of them.)


GROSS DOMESTIC PRODUCT OR GROSS NATIONAL PRODUCT?

The gross domestic product (GDP) is the sum of all revenues generated
domestically within a year. The respective person’s nationality does not matter.
Thus, if a guest worker lives in a country, his or her economic performance is
included in the GDP. On the other hand, GDP does not include services provided
by nationals abroad.

In the case of gross national product (GNP), on the other hand, all income is
deducted against that which has subsequently flowed abroad. The services of
guest workers are thus reallocated to the worker’s home country. In individual
economic sectors, this is quite appropriate. However, if one evaluates the
economic performance of a country, the country not only provides the workers,
but also land, machines, innovations and sales markets. Last but not least, the
income is usually also taxed there. Therefore, one takes the GDP.



* Hong Kong is not an independent and sovereign country, but special
administrative region of China. Further information on the definition of a
country can be found in our article What is a country?


Average income around the worldA comparison of the average income per capita
over 69 countries worldwide
The richest countries in the worldThese are the 50 wealthiest countries in a
global comparison: tax havens, gambling, and oil ensure prosperity.
Cost of living in a global comparisonRanking of international living costs from
109 countries compared to the US

You are here: Home › Biggest Economies
Country QuizCountry codesCSV downloadsWhat is a country?

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