Rating of countries by nominal GDP in 1980-2018 according to the IMF

22.04.2013 – According to the International Monetary Fund, in 2012, world’s GDP rose by 2.1% to USD 71.707 trillion. The world’s largest economies are United States, China, Japan, Germany, France, United Kingdom, Brazil, Russia, Italy, India, Canada, Australia, Spain, Mexico, Korea and Indonesia.

 
You can download the data and forecasts on 188 countries and 14 regional groups in 1980-2018 here.

Figure 1 shows dynamics of world’s GDP at current prices in 1980-2018.

Figure 1. World’s GDP at current prices in 1980-2018, USD billion (actual data and polynomial trend)

The IMF forecasts that, in 2018, world’s GDP will reach record high USD 97,599trillion.

According to the IMF, top ten largest economies, in 2012, are United States – USD 15,685 trillion, China – USD 8,227 trillion, Japan – USD 5,964 trillion, Germany – USD 3,401 trillion, France – USD 2,609 trillion, United Kingdom – USD 2,441 trillion, Brazil – USD 2,396 trillion, Russia – USD 2,022 trillion, Italy – USD 2,014 trillion and India – USD 1,825 trillion (Figure 2).

Figure 2. The world’s largest economies in 2012, USD billion

The second ten countries are Canada – USD 1,819 trillion, Australia – USD 1,542 trillion, Spain – USD 1,352 trillion, Mexico – USD 1,177 trillion, Korea – USD 1,156 trillion, Indonesia – USD 878,198 billion, Turkey – USD 794,468 billion, the Netherlands – USD 773,116 billion, Saudi Arabia – USD 727,307 billion and Switzerland – USD 632,400 billion.

In 2012, gross domestic product of advanced economies amounted USD 44,417 trillion; euro area – USD 12,198 trillion; major advanced economies (G7) – USD 33,932 trillion; advanced economies excluding G7 and euro area – USD 6,307 trillion; European Union – USD 16,584 trillion; emerging market and developing economies – USD 27,290 trillion; Central and Eastern Europe – USD 1,845 trillion; Commonwealth of Independent States – USD 2,659 trillion; Developing Asia – USD 12,325 trillion; ASEAN-5 – USD 1,936 trillion; Latin America and the Caribbean – USD 5,766 trillion; Middle East, North Africa, Afghanistan, and Pakistan – USD 3,423 trillion and Sub-Saharan Africa – USD 1,273 trillion.

In 2012, the ten smallest economies of the world are St. Vincent and the GrenadinesUSD 712 million, SamoaUSD 683 million, ComorosUSD 600 million, DominicaUSD 497 million, TongaUSD 476 million, MicronesiaUSD 327 million, São Tomé and PríncipeUSD 264 million, Marshall Islands – USD 182 million, Kiribati – USD 173 million and Tuvalu – USD 37 million.

Some changes to the April 2013 Database:

Projections for Cyprus are excluded due to the ongoing crisis and economic uncertainty;

Data for the Micronesia and Marshall Islands are now included in the Developing Asia region;

As in the October 2012 World Economic Outlook, data for Syria are excluded for 2011 onward due to the political conflict. In 2010, the GDP of Syria amounted USD 59,957 billion.

Author: analyst Alexander Mukha

Source: BusinessForecast.by

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