Projected GDP Ranking

Source International Monetary Fund World Economic Outlook (October - 2020)
Date20 Nov 2020

As of 2020, the United States and China would occupy the first two places in the world gdp ranking of both methods. The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2020 (1.85%) is much higher than the US's -4.27%. On a nominal basis, the US is ahead of China by $5.59 trillion in 2020 compared to $6.70 trillion in 2019. On a ppp basis, China has overtaken the US in 2016 and ahead by Int. $3.36 trillion, and the gap is increasing. China will remain the world's largest economy on a ppp basis over the next few decades as 2nd ranked US is growing slow and 3rd ranked India is way behind.

In nominal gdp list, 3rd biggest Japan and 4th biggest Germany would remain stable. The United Kingdom might overtake India for 5th place. Korea will replace Brazil in the top 10 list. Brazil's rank will be down by three positions as Canada, Korea, and Russia will surpass it. Other changes in the top 20 would be Australia overtaking Spain, Indonesia overtaking Mexico, and Switzerland overtaking Saudi Arabia and Turkey. Among the top 50, Egypt's Economic rank would move up by nine positions, and the United Arab Emirates would lose five places.

In ppp ranking, Brazil will surpass the United Kingdom and France. Other changes in the top 20 would be Mexico overtaking Italy and Canada overtaking Spain. Egypt will enter the top 20 lists replacing Thailand. Vietnam would up by four positions in the global ranking.

In the list of top 50, five economies will experience a positive growth rate in 2020. Bangladesh is the fastest growing economy with 3.80%, followed by Egypt, China, Vietnam, and Taiwan. Peru has the lowest growth rate of -13.94%, followed by Spain. Among the top 10 largest economies, China is the only economy with a positive gdp growth rate, followed by Korea with the 2nd best figure of -1.88%. Italy and India will see a double-digit contraction.

United States (1,5) is present in both lists of the top ten GDP and GDP per capita ranking at nominal terms. Germany (4,15), Canada (9,18), Australia (13,10), Netherlands (17,11), and Switzerland (18,2) are in the top twenty list of GDP and GDP per capita ranking. In PPP, United States (2,7) is present in the top ten of both rankings. Germany (5,18) and Australia (18,20) are in the top twenty list.

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GDP (Nominal) Ranking

Code Country/Economy GDP (Nominal) (billions of $) Growth (%) GDP per capita (Nominal) ($) Continent
2019Rank2020RankShare (%)diff 20202020Rank
PAKPakistan276.1145262.80450.3132.14-0.3851,260160Asia
USAUnited States21,433.23120,807.27124.8--4.2763,0515North America
CHNChina14,731.81215,222.16218.25,5851.8510,83964Asia
JPNJapan5,079.9234,910.5835.8610,312-5.2739,04823Asia
DEUGermany3,861.5543,780.5544.511,130-5.9845,46615Europe
GBRUnited Kingdom2,830.7662,638.3053.151,142-9.7639,22922Europe
INDIndia2,868.9352,592.5863.0945.7-10.291,877148Asia
FRAFrance2,715.8272,551.4573.0441.1-9.7639,25721Europe
ITAItaly2,001.4781,848.2282.20703-10.6530,65727Europe
CANCanada1,736.43101,600.2691.91248-7.1442,08018North America
KORKorea1,646.74121,586.79101.8913.5-1.8830,64428Asia
RUSRussia1,702.50111,464.08111.75123-4.129,97266Europe
BRABrazil1,839.0891,363.77121.63100-5.806,45088South America
AUSAustralia1,387.09141,334.69131.5929.1-4.1651,88510Oceania
ESPSpain1,394.27131,247.46141.4987.2-12.8326,83233Europe
IDNIndonesia1,120.14161,088.77151.30159-1.504,038114Asia
MEXMexico1,258.21151,040.37161.2448.4-8.958,06976North America
NLDNetherlands907.1517886.34171.06154-5.4051,29011Europe
CHESwitzerland704.8320707.87180.844178-5.3081,8672Europe
SAUSaudi Arabia792.9718680.90190.81227.0-5.4419,58744Asia
TURTurkey760.9419649.44200.77531.5-4.997,71578Europe
TWNTaiwan Province of China610.6921635.55210.75813.90.0526,91032Asia
IRNIslamic Republic of Iran583.7023610.66220.72824.9-4.997,25783Asia
POLPoland592.4022580.89230.69329.8-3.5615,30452Europe
SWESweden530.8825529.05240.63151.8-4.7250,33912Europe
THAThailand543.5624509.20250.60719.9-7.157,29582Asia
BELBelgium529.6726503.42260.6005.78-8.2643,81417Europe
NGANigeria448.1227442.98270.52860.4-4.282,149142Africa
AUTAustria446.3128432.89280.51610.1-6.7248,63413Europe
IRLIreland398.4732399.06290.47633.8-3.0079,6693Europe
ISRIsrael394.6533383.43300.45715.6-5.8941,56020Asia
ARGArgentina444.4629382.76310.4570.67-11.788,43374South America
PHLPhilippines376.8034367.36320.43815.4-8.263,373125Asia
NORNorway403.3431366.39330.4370.98-2.8367,9894Europe
EGYEgypt302.3443361.88340.4324.513.553,561120Africa
AREUnited Arab Emirates421.1430353.90350.4227.98-6.5731,94826Asia
HKGHong Kong SAR365.7136341.32360.40712.6-7.4745,17616Asia
VNMVietnam329.5440340.60370.4060.721.603,498121Asia
DNKDenmark347.0339339.63380.4050.98-4.5058,4397Europe
SGPSingapore372.0735337.45390.4022.17-6.0058,4846Asia
MYSMalaysia364.6837336.33400.4011.12-6.0010,19265Asia
BGDBangladesh302.5342317.77410.37918.63.801,888147Asia
ZAFSouth Africa351.3538282.59420.33735.2-8.004,73699Africa
FINFinland269.3346267.86430.31914.7-3.9848,46114Europe
COLColombia323.5641264.93440.3162.92-8.185,20795South America
ROURomania250.0848248.62460.29714.2-4.8012,81359Europe
CHLChile282.2544245.41470.2933.21-6.0012,61260South America
CZECzech Republic250.6847241.98480.2893.44-6.5022,62739Europe
PRTPortugal237.7149221.72490.26420.3-10.0021,60841Europe
PERPeru230.7450195.76500.23326.0-13.945,84591South America
World 87,552 83,845 -4.3610,954
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GDP (PPP) Ranking

Code Country/Economy GDP (PPP) (billions of Int. $) Growth (%) GDP per capita (PPP) (Int. $) Continent
2019Rank2020RankShare (%)diff 20202020Rank
CHNChina23,393.00124,162.44118.6 %-1.8517,20677Asia
USAUnited States21,433.23220,807.27216.0 %3,355-4.2763,0517North America
INDIndia9,542.2638,681.3036.67 %12,126-10.296,284129Asia
JPNJapan5,450.6545,236.1444.02 %3,445-5.2741,63731Asia
DEUGermany4,672.0154,454.5053.42 %782-5.9853,57118Europe
RUSRussia4,135.9964,021.7363.09 %433-4.1227,39454Europe
IDNIndonesia3,331.8773,328.2972.56 %693-1.5012,34599Asia
BRABrazil3,222.99103,078.9082.36 %249-5.8014,56387South America
GBRUnited Kingdom3,254.8582,978.5692.29 %100-9.7644,28828Europe
FRAFrance3,228.0492,954.20102.27 %24.4-9.7645,45426Europe
MEXMexico2,625.90122,424.51111.86 %530-8.9518,80471North America
ITAItaly2,665.52112,415.41121.86 %9.10-10.6540,06634Europe
TURTurkey2,471.66132,381.59131.83 %33.8-4.9928,29452Europe
KORKorea2,304.83142,293.48141.76 %88.1-1.8844,29227Asia
CANCanada1,921.00161,809.00151.39 %484-7.1447,56924North America
ESPSpain2,006.05151,773.36161.36 %35.6-12.8338,14339Europe
SAUSaudi Arabia1,677.38171,608.61171.24 %165-5.4446,27325Asia
AUSAustralia1,345.68181,307.92181.00 %301-4.1650,84520Oceania
EGYEgypt1,230.83221,292.48190.993 %15.43.5512,71996Africa
POLPoland1,309.45201,280.66200.984 %11.8-3.5633,73943Europe
TWNTaiwan Province of China1,257.45211,275.81210.980 %4.850.0554,02017Asia
THAThailand1,339.64191,261.49220.969 %14.3-7.1518,07374Asia
VNMVietnam1,016.48281,047.32240.804 %28.91.6010,755111Asia
NGANigeria1,075.69231,044.21250.802 %3.11-4.285,066144Africa
IRNIslamic Republic of Iran1,044.82251,006.70260.773 %37.5-4.9911,963104Asia
NLDNetherlands1,028.5827986.77270.758 %19.9-5.4057,10113Europe
PHLPhilippines1,003.8529933.91280.717 %52.9-8.268,574120Asia
ARGArgentina1,033.4626924.54290.710 %9.37-11.7820,37066South America
MYSMalaysia944.5730900.43300.692 %24.1-6.0027,28755Asia
BGDBangladesh869.0431864.88310.664 %35.53.805,139142Asia
COLColombia772.4432719.25320.552 %146-8.1814,13790South America
ZAFSouth Africa761.8233710.77330.546 %8.48-8.0011,911105Africa
AREUnited Arab Emirates683.5234647.65340.497 %63.1-6.5758,46610Asia
CHESwitzerland615.3136590.90350.454 %56.8-5.3068,3405Europe
ROURomania605.7937584.85360.449 %6.05-4.8030,14148Europe
BELBelgium618.9335575.81370.442 %9.04-8.2650,11421Europe
SGPSingapore578.6738551.63380.424 %24.2-6.0095,6032Asia
SWESweden570.7539551.52390.424 %0.11-4.7252,47719Europe
UKRUkraine560.9840527.93400.406 %23.6-7.2012,71097Europe
KAZKazakhstan508.5043501.79410.385 %26.1-2.6926,58957Asia
AUTAustria521.3441493.17420.379 %8.62-6.7255,40615Europe
DZAAlgeria509.3142488.29430.375 %4.88-5.4611,041109Africa
CHLChile478.7744456.39440.351 %31.9-6.0023,45561South America
IRLIreland455.1746447.72450.344 %8.67-3.0089,3834Europe
HKGHong Kong SAR468.3045439.46460.338 %8.26-7.4758,16511Asia
CZECzech Republic454.4347430.89470.331 %8.57-6.5040,29333Europe
IRQIraq447.8748399.40480.307 %31.5-12.069,952116Asia
PERPeru441.9649385.72490.296 %13.7-13.9411,516107South America
ISRIsrael378.2050360.97500.277 %24.7-5.8939,12635Asia
PAKPakistan1,065.37241,076.26230.827 %185-0.395,160141Asia
World 134,557 130,187 -4.3617,007