Markets

Top Heavy: Countries by Share of the Global Economy

Published

1 year ago

December 29, 2022

Avery Koop

countries by share of the global economy in 2022

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Countries by Share of the Global Economy

As 2022 comes to a close we can recap many historic milestones of the year, like the Earth’s population hitting 8 billion and the global economy surpassing $100 trillion.

In this chart, we visualize the world’s GDP using data from the IMF, showcasing the biggest economies and the share of global economic activity that they make up.

ℹ️ Gross Domestic Product (GDP) is a broad indicator of the economic activity within a country. It measures the total value of economic output—goods and services—produced within a given time frame by both the private and public sectors.

The GDP Heavyweights

The global economy can be thought of as a pie, with the size of each slice representing the share of global GDP contributed by each country. Currently, the largest slices of the pie are held by the United States, China, Japan, Germany, and India, which together account for more than half of global GDP.

Here’s a look at every country’s share of the world’s $101.6 trillion economy:

Rank	Country	GDP (Billions, USD)
#1	🇺🇸 United States	$25,035.2
#2	🇨🇳 China	$18,321.2
#3	🇯🇵 Japan	$4,300.6
#4	🇩🇪 Germany	$4,031.1
#5	🇮🇳 India	$3,468.6
#6	🇬🇧 United Kingdom	$3,198.5
#7	🇫🇷 France	$2,778.1
#8	🇨🇦 Canada	$2,200.4
#9	🇷🇺 Russia	$2,133.1
#10	🇮🇹 Italy	$1,997.0
#11	🇮🇷 Iran	$1,973.7
#12	🇧🇷 Brazil	$1,894.7
#13	🇰🇷 South Korea	$1,734.2
#14	🇦🇺 Australia	$1,724.8
#15	🇲🇽 Mexico	$1,424.5
#16	🇪🇸 Spain	$1,389.9
#17	🇮🇩 Indonesia	$1,289.4
#18	🇸🇦 Saudi Arabia	$1,010.6
#19	🇳🇱 Netherlands	$990.6
#20	🇹🇷 Turkey	$853.5
#21	🇹🇼 Taiwan	$828.7
#22	🇨🇭 Switzerland	$807.4
#23	🇵🇱 Poland	$716.3
#24	🇦🇷 Argentina	$630.7
#25	🇸🇪 Sweden	$603.9
#26	🇧🇪 Belgium	$589.5
#27	🇹🇭 Thailand	$534.8
#28	🇮🇱 Israel	$527.2
#29	🇮🇪 Ireland	$519.8
#30	🇳🇴 Norway	$504.7
#31	🇳🇬 Nigeria	$504.2
#32	🇦🇪 United Arab Emirates	$503.9
#33	🇪🇬 Egypt	$469.1
#34	🇦🇹 Austria	$468.0
#35	🇧🇩 Bangladesh	$460.8
#36	🇲🇾 Malaysia	$434.1
#37	🇸🇬 Singapore	$423.6
#38	🇻🇳 Vietnam	$413.8
#39	🇿🇦 South Africa	$411.5
#40	🇵🇭 Philippines	$401.7
#41	🇩🇰 Denmark	$386.7
#42	🇵🇰 Pakistan	$376.5
#43	🇭🇰 Hong Kong SAR	$368.4
#44	🇨🇴 Colombia	$342.9
#45	🇨🇱 Chile	$310.9
#46	🇷🇴 Romania	$299.9
#47	🇨🇿 Czech Republic	$295.6
#48	🇮🇶 Iraq	$282.9
#49	🇫🇮 Finland	$281.4
#50	🇵🇹 Portugal	$255.9
#51	🇳🇿 New Zealand	$242.7
#52	🇵🇪 Peru	$239.3
#53	🇰🇿 Kazakhstan	$224.3
#54	🇬🇷 Greece	$222.0
#55	🇶🇦 Qatar	$221.4
#56	🇩🇿 Algeria	$187.2
#57	🇭🇺 Hungary	$184.7
#58	🇰🇼 Kuwait	$183.6
#59	🇲🇦 Morocco	$142.9
#60	🇦🇴 Angola	$124.8
#61	🇵🇷 Puerto Rico	$118.7
#62	🇪🇨 Ecuador	$115.5
#63	🇰🇪 Kenya	$114.9
#64	🇸🇰 Slovakia	$112.4
#65	🇩🇴 Dominican Republic	$112.4
#66	🇪🇹 Ethiopia	$111.2
#67	🇴🇲 Oman	$109.0
#68	🇬🇹 Guatemala	$91.3
#69	🇧🇬 Bulgaria	$85.0
#70	🇱🇺 Luxembourg	$82.2
#71	🇻🇪 Venezuela	$82.1
#72	🇧🇾 Belarus	$79.7
#73	🇺🇿 Uzbekistan	$79.1
#74	🇹🇿 Tanzania	$76.6
#75	🇬🇭 Ghana	$76.0
#76	🇹🇲 Turkmenistan	$74.4
#77	🇱🇰 Sri Lanka	$73.7
#78	🇺🇾 Uruguay	$71.2
#79	🇵🇦 Panama	$71.1
#80	🇦🇿 Azerbaijan	$70.1
#81	🇭🇷 Croatia	$69.4
#82	🇨🇮 Côte d'Ivoire	$68.6
#83	🇨🇷 Costa Rica	$68.5
#84	🇱🇹 Lithuania	$68.0
#85	🇨🇩 Democratic Republic of the Congo	$63.9
#86	🇷🇸 Serbia	$62.7
#87	🇸🇮 Slovenia	$62.2
#88	🇲🇲 Myanmar	$59.5
#89	🇺🇬 Uganda	$48.4
#90	🇯🇴 Jordan	$48.1
#91	🇹🇳 Tunisia	$46.3
#92	🇨🇲 Cameroon	$44.2
#93	🇧🇭 Bahrain	$43.5
#94	🇧🇴 Bolivia	$43.4
#95	🇸🇩 Sudan	$42.8
#96	🇵🇾 Paraguay	$41.9
#97	🇱🇾 Libya	$40.8
#98	🇱🇻 Latvia	$40.6
#99	🇪🇪 Estonia	$39.1
#100	🇳🇵 Nepal	$39.0
#101	🇿🇼 Zimbabwe	$38.3
#102	🇸🇻 El Salvador	$32.0
#103	🇵🇬 Papua New Guinea	$31.4
#104	🇭🇳 Honduras	$30.6
#105	🇹🇹 Trinidad and Tobago	$29.3
#106	🇰🇭 Cambodia	$28.3
#107	🇮🇸 Iceland	$27.7
#108	🇾🇪 Yemen	$27.6
#109	🇸🇳 Senegal	$27.5
#110	🇿🇲 Zambia	$27.0
#111	🇨🇾 Cyprus	$26.7
#112	🇬🇪 Georgia	$25.2
#113	🇧🇦 Bosnia and Herzegovina	$23.7
#114	🇲🇴 Macao SAR	$23.4
#115	🇬🇦 Gabon	$22.2
#116	🇭🇹 Haiti	$20.2
#117	🇬🇳 Guinea	$19.7
#118	West Bank and Gaza	$18.8
#119	🇧🇳 Brunei	$18.5
#120	🇲🇱 Mali	$18.4
#121	🇧🇫 Burkina Faso	$18.3
#122	🇦🇱 Albania	$18.3
#123	🇧🇼 Botswana	$18.0
#124	🇲🇿 Mozambique	$17.9
#125	🇦🇲 Armenia	$17.7
#126	🇧🇯 Benin	$17.5
#127	🇲🇹 Malta	$17.2
#128	🇬🇶 Equatorial Guinea	$16.9
#129	🇱🇦 Laos	$16.3
#130	🇯🇲 Jamaica	$16.1
#131	🇲🇳 Mongolia	$15.7
#132	🇳🇮 Nicaragua	$15.7
#133	🇲🇬 Madagascar	$15.1
#134	🇬🇾 Guyana	$14.8
#135	🇳🇪 Niger	$14.6
#136	🇨🇬 Republic of Congo	$14.5
#137	🇲🇰 North Macedonia	$14.1
#138	🇲🇩 Moldova	$14.0
#139	🇹🇩 Chad	$12.9
#140	🇧🇸 The Bahamas	$12.7
#141	🇳🇦 Namibia	$12.5
#142	🇷🇼 Rwanda	$12.1
#143	🇲🇼 Malawi	$11.6
#144	🇲🇺 Mauritius	$11.5
#145	🇲🇷 Mauritania	$10.1
#146	🇹🇯 Tajikistan	$10.0
#147	🇰🇬 Kyrgyzstan	$9.8
#148	🇽🇰 Kosovo	$9.2
#149	🇸🇴 Somalia	$8.4
#150	🇹🇬 Togo	$8.4
#151	🇲🇪 Montenegro	$6.1
#152	🇲🇻 Maldives	$5.9
#153	🇧🇧 Barbados	$5.8
#154	🇫🇯 Fiji	$4.9
#155	🇸🇸 South Sudan	$4.8
#156	🇸🇿 Eswatini	$4.7
#157	🇸🇱 Sierra Leone	$4.1
#158	🇱🇷 Liberia	$3.9
#159	🇩🇯 Djibouti	$3.7
#160	🇧🇮 Burundi	$3.7
#161	🇦🇼 Aruba	$3.5
#162	🇦🇩 Andorra	$3.3
#163	🇸🇷 Suriname	$3.0
#164	🇧🇹 Bhutan	$2.7
#165	🇧🇿 Belize	$2.7
#166	🇱🇸 Lesotho	$2.5
#167	🇨🇫 Central African Republic	$2.5
#168	🇹🇱 Timor-Leste	$2.4
#169	🇪🇷 Eritrea	$2.4
#170	🇬🇲 The Gambia	$2.1
#171	🇨🇻 Cabo Verde	$2.1
#172	🇸🇨 Seychelles	$2.0
#173	🇱🇨 St. Lucia	$2.0
#174	🇦🇬 Antigua and Barbuda	$1.7
#175	🇬🇼 Guinea-Bissau	$1.6
#176	🇸🇲 San Marino	$1.6
#177	🇸🇧 Solomon Islands	$1.6
#178	🇰🇲 Comoros	$1.2
#179	🇬🇩 Grenada	$1.2
#180	🇰🇳 St. Kitts and Nevis	$1.1
#181	🇻🇺 Vanuatu	$1.0
#182	🇻🇨 St. Vincent and the Grenadines	$1.0
#183	🇼🇸 Samoa	$0.83
#184	🇩🇲 Dominica	$0.60
#185	🇸🇹 São Tomé and Príncipe	$0.51
#186	🇹🇴 Tonga	$0.50
#187	🇫🇲 Micronesia	$0.43
#188	🇲🇭 Marshall Islands	$0.27
#189	🇵🇼 Palau	$0.23
#190	🇰🇮 Kiribati	$0.21
#191	🇳🇷 Nauru	$0.13
#192	🇹🇻 Tuvalu	$0.06
#193	🇺🇦 Ukraine	Data not available
Total World GDP		$101,559.3

Just five countries make up more than half of the world’s entire GDP in 2022: the U.S., China, Japan, India, and Germany. Interestingly, India replaced the UK this year as a top five economy.

Adding on another five countries (the top 10) makes up 66% of the global economy, and the top 25 countries comprise 84% of global GDP.

The World’s Smallest Economies

The rest of the world — the remaining 167 nations — make up 16% of global GDP. Many of the smallest economies are islands located in Oceania.

Here’s a look at the 20 smallest economies in the world:

Country	GDP (Billions, USD)
🇹🇻 Tuvalu	$0.06
🇳🇷 Nauru	$0.13
🇰🇮 Kiribati	$0.21
🇵🇼 Palau	$0.23
🇲🇭 Marshall Islands	$0.27
🇫🇲 Micronesia	$0.43
🇹🇴 Tonga	$0.50
🇸🇹 São Tomé and Príncipe	$0.51
🇩🇲 Dominica	$0.60
🇼🇸 Samoa	$0.83
🇻🇨 St. Vincent and the Grenadines	$0.95
🇻🇺 Vanuatu	$0.98
🇰🇳 St. Kitts and Nevis	$1.12
🇬🇩 Grenada	$1.19
🇰🇲 Comoros	$1.24
🇸🇧 Solomon Islands	$1.60
🇸🇲 San Marino	$1.62
🇬🇼 Guinea-Bissau	$1.62
🇦🇬 Antigua and Barbuda	$1.69
🇱🇨 St. Lucia	$1.97

Tuvalu has the smallest GDP of any country at just $64 million. Tuvalu is one of a dozen nations with a GDP of less than one billion dollars.

The Global Economy in 2023

Heading into 2023, there is much economic uncertainty. Many experts are anticipating a brief recession, although opinions differ on the definition of “brief”.

Some experts believe that China will buck the trend of economic downturn. If this prediction comes true, the country could own an even larger slice of the global GDP pie in the near future.

🔮🔮🔮
Speaking of predictions, we’re creating the ultimate cheatsheet for 2023.
See what hundreds of experts are predicting for 2023 with our Global Forecast Series.

Where does this data come from?

Source: IMF (International Monetary Fund)

Data note: Due to conflict and other issues, some countries are not included in this data set (e.g. Ukraine, Syria, Afghanistan). Major sources for GDP data differ widely on the size of Iran’s economy. It’s worth noting that this data from IMF ranks Iran’s GDP much higher than World Bank or the UN.

Related Topics:GDP GDP growth china gdp global gdp world gdp u.s. gdp germany gdp

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Mapped: Europe’s GDP Per Capita, by Country

Which European economies are richest on a GDP per capita basis? This map shows the results for 44 countries across the continent.

Published

3 days ago

May 6, 2024

Pallavi Rao

A cropped map of GDP per capita levels for 44 European countries.

Mapped: Europe’s GDP Per Capita, by Country (2024)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Europe is home to some of the largest and most sophisticated economies in the world. But how do countries in the region compare with each other on a per capita productivity basis?

In this map, we show Europe’s GDP per capita levels across 44 nations in current U.S. dollars. Data for this visualization and article is sourced from the International Monetary Fund (IMF) via their DataMapper tool, updated April 2024.

Europe’s Richest and Poorest Nations, By GDP Per Capita

Luxembourg, Ireland, and Switzerland, lead the list of Europe’s richest nations by GDP per capita, all above $100,000.

Rank	Country	GDP Per Capita (2024)
1	🇱🇺 Luxembourg	$131,380
2	🇮🇪 Ireland	$106,060
3	🇨🇭 Switzerland	$105,670
4	🇳🇴 Norway	$94,660
5	🇮🇸 Iceland	$84,590
6	🇩🇰 Denmark	$68,900
7	🇳🇱 Netherlands	$63,750
8	🇸🇲 San Marino	$59,410
9	🇦🇹 Austria	$59,230
10	🇸🇪 Sweden	$58,530
11	🇧🇪 Belgium	$55,540
12	🇫🇮 Finland	$55,130
13	🇩🇪 Germany	$54,290
14	🇬🇧 UK	$51,070
15	🇫🇷 France	$47,360
16	🇦🇩 Andorra	$44,900
17	🇲🇹 Malta	$41,740
18	🇮🇹 Italy	$39,580
19	🇨🇾 Cyprus	$37,150
20	🇪🇸 Spain	$34,050
21	🇸🇮 Slovenia	$34,030
22	🇪🇪 Estonia	$31,850
23	🇨🇿 Czech Republic	$29,800
24	🇵🇹 Portugal	$28,970
25	🇱🇹 Lithuania	$28,410
26	🇸🇰 Slovakia	$25,930
27	🇱🇻 Latvia	$24,190
28	🇬🇷 Greece	$23,970
29	🇭🇺 Hungary	$23,320
30	🇵🇱 Poland	$23,010
31	🇭🇷 Croatia	$22,970
32	🇷🇴 Romania	$19,530
33	🇧🇬 Bulgaria	$16,940
34	🇷🇺 Russia	$14,390
35	🇹🇷 Türkiye	$12,760
36	🇲🇪 Montenegro	$12,650
37	🇷🇸 Serbia	$12,380
38	🇦🇱 Albania	$8,920
39	🇧🇦 Bosnia & Herzegovina	$8,420
40	🇲🇰 North Macedonia	$7,690
41	🇧🇾 Belarus	$7,560
42	🇲🇩 Moldova	$7,490
43	🇽🇰 Kosovo	$6,390
44	🇺🇦 Ukraine	$5,660
N/A	🇪🇺 EU Average	$44,200

Note: Figures are rounded.

Three Nordic countries (Norway, Iceland, Denmark) also place highly, between $70,000-90,000. Other Nordic peers, Sweden and Finland rank just outside the top 10, between $55,000-60,000.

Meanwhile, Europe’s biggest economies in absolute terms, Germany, UK, and France, rank closer to the middle of the top 20, with GDP per capitas around $50,000.

Finally, at the end of the scale, Eastern Europe as a whole tends to have much lower per capita GDPs. In that group, Ukraine ranks last, at $5,660.

A Closer Look at Ukraine

For a broader comparison, Ukraine’s per capita GDP is similar to Iran ($5,310), El Salvador ($5,540), and Guatemala ($5,680).

According to experts, Ukraine’s economy has historically underperformed to expectations. After the fall of the Berlin Wall, the economy contracted for five straight years. Its transition to a Western, liberalized economic structure was overshadowed by widespread corruption, a limited taxpool, and few revenue sources.

Politically, its transformation from authoritarian regime to civil democracy has proved difficult, especially when it comes to institution building.

Finally, after the 2022 invasion of the country, Ukraine’s GDP contracted by 30% in a single year—the largest loss since independence. Large scale emigration—to the tune of six million refugees—is also playing a role.

Despite these challenges, the country’s economic growth has somewhat stabilized while fighting continues.