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Largest economies by gross domestic product

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 23.0 trillion USD, 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 17.7 trillion USD. 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
Map of countries by gross domestic product

Biggest economies in 2021 by gross domestic product


RankCountryGDP in billion $GDP in $ per capita
1United States22,996.169,288
2China17,734.112,556
3Japan4,937.439,285
4Germany4,223.150,802
5United Kingdom3,186.947,334
6India3,173.42,277
7France2,937.543,519
8Italy2,099.935,551
9Canada1,990.852,051
10South Korea1,798.534,758
11Russia1,775.812,380
12Brazil1,609.07,519
13Australia1,542.759,934
14Spain1,425.330,116
15Mexico1,293.09,926
16Indonesia1,186.14,292
17Netherlands1,018.058,061
18Saudi Arabia833.523,586
19Turkey815.39,587
20Switzerland812.993,457
21Poland674.017,841
22Sweden627.460,239
23Belgium599.951,768
24Thailand506.07,233
25Ireland498.699,152
26Argentina491.510,729
27Norway482.489,203
28Venezuela482.416,056
29Israel481.651,430
30Austria477.153,268
31Nigeria440.82,085
32South Africa419.96,994
33Bangladesh416.32,503
34Egypt404.13,876
35Denmark397.167,803
36Singapore397.072,794
37Philippines394.13,549
38Malaysia372.711,371
39Hong Kong368.149,661
40Vietnam362.63,694
41United Arab Emirates358.936,285
42Pakistan346.31,538
43Chile317.116,503
44Colombia314.36,131
45Finland299.253,983
46Romania284.114,862
47Czechia282.326,378
48New Zealand250.048,802
49Portugal249.924,262
50Iran231.52,757

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 ($ 173,688), Liechtenstein ($ 169,049), and Luxembourg with $ 135,683 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?

Largest economies by gross domestic 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.
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