Source | International Monetary Fund World Economic Outlook (October - 2020) |
Date | 20 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.
Code | Country/Economy | GDP (Nominal) (billions of $) | Growth (%) | GDP per capita (Nominal) ($) | Continent | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2019 | Rank | 2020 | Rank | Share (%) | diff | 2020 | 2020 | Rank | |||
PAK | Pakistan | 276.11 | 45 | 262.80 | 45 | 0.313 | 2.14 | -0.385 | 1,260 | 160 | Asia |
USA | United States | 21,433.23 | 1 | 20,807.27 | 1 | 24.8 | - | -4.27 | 63,051 | 5 | North America |
CHN | China | 14,731.81 | 2 | 15,222.16 | 2 | 18.2 | 5,585 | 1.85 | 10,839 | 64 | Asia |
JPN | Japan | 5,079.92 | 3 | 4,910.58 | 3 | 5.86 | 10,312 | -5.27 | 39,048 | 23 | Asia |
DEU | Germany | 3,861.55 | 4 | 3,780.55 | 4 | 4.51 | 1,130 | -5.98 | 45,466 | 15 | Europe |
GBR | United Kingdom | 2,830.76 | 6 | 2,638.30 | 5 | 3.15 | 1,142 | -9.76 | 39,229 | 22 | Europe |
IND | India | 2,868.93 | 5 | 2,592.58 | 6 | 3.09 | 45.7 | -10.29 | 1,877 | 148 | Asia |
FRA | France | 2,715.82 | 7 | 2,551.45 | 7 | 3.04 | 41.1 | -9.76 | 39,257 | 21 | Europe |
ITA | Italy | 2,001.47 | 8 | 1,848.22 | 8 | 2.20 | 703 | -10.65 | 30,657 | 27 | Europe |
CAN | Canada | 1,736.43 | 10 | 1,600.26 | 9 | 1.91 | 248 | -7.14 | 42,080 | 18 | North America |
KOR | Korea | 1,646.74 | 12 | 1,586.79 | 10 | 1.89 | 13.5 | -1.88 | 30,644 | 28 | Asia |
RUS | Russia | 1,702.50 | 11 | 1,464.08 | 11 | 1.75 | 123 | -4.12 | 9,972 | 66 | Europe |
BRA | Brazil | 1,839.08 | 9 | 1,363.77 | 12 | 1.63 | 100 | -5.80 | 6,450 | 88 | South America |
AUS | Australia | 1,387.09 | 14 | 1,334.69 | 13 | 1.59 | 29.1 | -4.16 | 51,885 | 10 | Oceania |
ESP | Spain | 1,394.27 | 13 | 1,247.46 | 14 | 1.49 | 87.2 | -12.83 | 26,832 | 33 | Europe |
IDN | Indonesia | 1,120.14 | 16 | 1,088.77 | 15 | 1.30 | 159 | -1.50 | 4,038 | 114 | Asia |
MEX | Mexico | 1,258.21 | 15 | 1,040.37 | 16 | 1.24 | 48.4 | -8.95 | 8,069 | 76 | North America |
NLD | Netherlands | 907.15 | 17 | 886.34 | 17 | 1.06 | 154 | -5.40 | 51,290 | 11 | Europe |
CHE | Switzerland | 704.83 | 20 | 707.87 | 18 | 0.844 | 178 | -5.30 | 81,867 | 2 | Europe |
SAU | Saudi Arabia | 792.97 | 18 | 680.90 | 19 | 0.812 | 27.0 | -5.44 | 19,587 | 44 | Asia |
TUR | Turkey | 760.94 | 19 | 649.44 | 20 | 0.775 | 31.5 | -4.99 | 7,715 | 78 | Europe |
TWN | Taiwan Province of China | 610.69 | 21 | 635.55 | 21 | 0.758 | 13.9 | 0.05 | 26,910 | 32 | Asia |
IRN | Islamic Republic of Iran | 583.70 | 23 | 610.66 | 22 | 0.728 | 24.9 | -4.99 | 7,257 | 83 | Asia |
POL | Poland | 592.40 | 22 | 580.89 | 23 | 0.693 | 29.8 | -3.56 | 15,304 | 52 | Europe |
SWE | Sweden | 530.88 | 25 | 529.05 | 24 | 0.631 | 51.8 | -4.72 | 50,339 | 12 | Europe |
THA | Thailand | 543.56 | 24 | 509.20 | 25 | 0.607 | 19.9 | -7.15 | 7,295 | 82 | Asia |
BEL | Belgium | 529.67 | 26 | 503.42 | 26 | 0.600 | 5.78 | -8.26 | 43,814 | 17 | Europe |
NGA | Nigeria | 448.12 | 27 | 442.98 | 27 | 0.528 | 60.4 | -4.28 | 2,149 | 142 | Africa |
AUT | Austria | 446.31 | 28 | 432.89 | 28 | 0.516 | 10.1 | -6.72 | 48,634 | 13 | Europe |
IRL | Ireland | 398.47 | 32 | 399.06 | 29 | 0.476 | 33.8 | -3.00 | 79,669 | 3 | Europe |
ISR | Israel | 394.65 | 33 | 383.43 | 30 | 0.457 | 15.6 | -5.89 | 41,560 | 20 | Asia |
ARG | Argentina | 444.46 | 29 | 382.76 | 31 | 0.457 | 0.67 | -11.78 | 8,433 | 74 | South America |
PHL | Philippines | 376.80 | 34 | 367.36 | 32 | 0.438 | 15.4 | -8.26 | 3,373 | 125 | Asia |
NOR | Norway | 403.34 | 31 | 366.39 | 33 | 0.437 | 0.98 | -2.83 | 67,989 | 4 | Europe |
EGY | Egypt | 302.34 | 43 | 361.88 | 34 | 0.432 | 4.51 | 3.55 | 3,561 | 120 | Africa |
ARE | United Arab Emirates | 421.14 | 30 | 353.90 | 35 | 0.422 | 7.98 | -6.57 | 31,948 | 26 | Asia |
HKG | Hong Kong SAR | 365.71 | 36 | 341.32 | 36 | 0.407 | 12.6 | -7.47 | 45,176 | 16 | Asia |
VNM | Vietnam | 329.54 | 40 | 340.60 | 37 | 0.406 | 0.72 | 1.60 | 3,498 | 121 | Asia |
DNK | Denmark | 347.03 | 39 | 339.63 | 38 | 0.405 | 0.98 | -4.50 | 58,439 | 7 | Europe |
SGP | Singapore | 372.07 | 35 | 337.45 | 39 | 0.402 | 2.17 | -6.00 | 58,484 | 6 | Asia |
MYS | Malaysia | 364.68 | 37 | 336.33 | 40 | 0.401 | 1.12 | -6.00 | 10,192 | 65 | Asia |
BGD | Bangladesh | 302.53 | 42 | 317.77 | 41 | 0.379 | 18.6 | 3.80 | 1,888 | 147 | Asia |
ZAF | South Africa | 351.35 | 38 | 282.59 | 42 | 0.337 | 35.2 | -8.00 | 4,736 | 99 | Africa |
FIN | Finland | 269.33 | 46 | 267.86 | 43 | 0.319 | 14.7 | -3.98 | 48,461 | 14 | Europe |
COL | Colombia | 323.56 | 41 | 264.93 | 44 | 0.316 | 2.92 | -8.18 | 5,207 | 95 | South America |
ROU | Romania | 250.08 | 48 | 248.62 | 46 | 0.297 | 14.2 | -4.80 | 12,813 | 59 | Europe |
CHL | Chile | 282.25 | 44 | 245.41 | 47 | 0.293 | 3.21 | -6.00 | 12,612 | 60 | South America |
CZE | Czech Republic | 250.68 | 47 | 241.98 | 48 | 0.289 | 3.44 | -6.50 | 22,627 | 39 | Europe |
PRT | Portugal | 237.71 | 49 | 221.72 | 49 | 0.264 | 20.3 | -10.00 | 21,608 | 41 | Europe |
PER | Peru | 230.74 | 50 | 195.76 | 50 | 0.233 | 26.0 | -13.94 | 5,845 | 91 | South America |
World | 87,552 | 83,845 | -4.36 | 10,954 |
Code | Country/Economy | GDP (PPP) (billions of Int. $) | Growth (%) | GDP per capita (PPP) (Int. $) | Continent | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2019 | Rank | 2020 | Rank | Share (%) | diff | 2020 | 2020 | Rank | |||
CHN | China | 23,393.00 | 1 | 24,162.44 | 1 | 18.6 % | - | 1.85 | 17,206 | 77 | Asia |
USA | United States | 21,433.23 | 2 | 20,807.27 | 2 | 16.0 % | 3,355 | -4.27 | 63,051 | 7 | North America |
IND | India | 9,542.26 | 3 | 8,681.30 | 3 | 6.67 % | 12,126 | -10.29 | 6,284 | 129 | Asia |
JPN | Japan | 5,450.65 | 4 | 5,236.14 | 4 | 4.02 % | 3,445 | -5.27 | 41,637 | 31 | Asia |
DEU | Germany | 4,672.01 | 5 | 4,454.50 | 5 | 3.42 % | 782 | -5.98 | 53,571 | 18 | Europe |
RUS | Russia | 4,135.99 | 6 | 4,021.73 | 6 | 3.09 % | 433 | -4.12 | 27,394 | 54 | Europe |
IDN | Indonesia | 3,331.87 | 7 | 3,328.29 | 7 | 2.56 % | 693 | -1.50 | 12,345 | 99 | Asia |
BRA | Brazil | 3,222.99 | 10 | 3,078.90 | 8 | 2.36 % | 249 | -5.80 | 14,563 | 87 | South America |
GBR | United Kingdom | 3,254.85 | 8 | 2,978.56 | 9 | 2.29 % | 100 | -9.76 | 44,288 | 28 | Europe |
FRA | France | 3,228.04 | 9 | 2,954.20 | 10 | 2.27 % | 24.4 | -9.76 | 45,454 | 26 | Europe |
MEX | Mexico | 2,625.90 | 12 | 2,424.51 | 11 | 1.86 % | 530 | -8.95 | 18,804 | 71 | North America |
ITA | Italy | 2,665.52 | 11 | 2,415.41 | 12 | 1.86 % | 9.10 | -10.65 | 40,066 | 34 | Europe |
TUR | Turkey | 2,471.66 | 13 | 2,381.59 | 13 | 1.83 % | 33.8 | -4.99 | 28,294 | 52 | Europe |
KOR | Korea | 2,304.83 | 14 | 2,293.48 | 14 | 1.76 % | 88.1 | -1.88 | 44,292 | 27 | Asia |
CAN | Canada | 1,921.00 | 16 | 1,809.00 | 15 | 1.39 % | 484 | -7.14 | 47,569 | 24 | North America |
ESP | Spain | 2,006.05 | 15 | 1,773.36 | 16 | 1.36 % | 35.6 | -12.83 | 38,143 | 39 | Europe |
SAU | Saudi Arabia | 1,677.38 | 17 | 1,608.61 | 17 | 1.24 % | 165 | -5.44 | 46,273 | 25 | Asia |
AUS | Australia | 1,345.68 | 18 | 1,307.92 | 18 | 1.00 % | 301 | -4.16 | 50,845 | 20 | Oceania |
EGY | Egypt | 1,230.83 | 22 | 1,292.48 | 19 | 0.993 % | 15.4 | 3.55 | 12,719 | 96 | Africa |
POL | Poland | 1,309.45 | 20 | 1,280.66 | 20 | 0.984 % | 11.8 | -3.56 | 33,739 | 43 | Europe |
TWN | Taiwan Province of China | 1,257.45 | 21 | 1,275.81 | 21 | 0.980 % | 4.85 | 0.05 | 54,020 | 17 | Asia |
THA | Thailand | 1,339.64 | 19 | 1,261.49 | 22 | 0.969 % | 14.3 | -7.15 | 18,073 | 74 | Asia |
VNM | Vietnam | 1,016.48 | 28 | 1,047.32 | 24 | 0.804 % | 28.9 | 1.60 | 10,755 | 111 | Asia |
NGA | Nigeria | 1,075.69 | 23 | 1,044.21 | 25 | 0.802 % | 3.11 | -4.28 | 5,066 | 144 | Africa |
IRN | Islamic Republic of Iran | 1,044.82 | 25 | 1,006.70 | 26 | 0.773 % | 37.5 | -4.99 | 11,963 | 104 | Asia |
NLD | Netherlands | 1,028.58 | 27 | 986.77 | 27 | 0.758 % | 19.9 | -5.40 | 57,101 | 13 | Europe |
PHL | Philippines | 1,003.85 | 29 | 933.91 | 28 | 0.717 % | 52.9 | -8.26 | 8,574 | 120 | Asia |
ARG | Argentina | 1,033.46 | 26 | 924.54 | 29 | 0.710 % | 9.37 | -11.78 | 20,370 | 66 | South America |
MYS | Malaysia | 944.57 | 30 | 900.43 | 30 | 0.692 % | 24.1 | -6.00 | 27,287 | 55 | Asia |
BGD | Bangladesh | 869.04 | 31 | 864.88 | 31 | 0.664 % | 35.5 | 3.80 | 5,139 | 142 | Asia |
COL | Colombia | 772.44 | 32 | 719.25 | 32 | 0.552 % | 146 | -8.18 | 14,137 | 90 | South America |
ZAF | South Africa | 761.82 | 33 | 710.77 | 33 | 0.546 % | 8.48 | -8.00 | 11,911 | 105 | Africa |
ARE | United Arab Emirates | 683.52 | 34 | 647.65 | 34 | 0.497 % | 63.1 | -6.57 | 58,466 | 10 | Asia |
CHE | Switzerland | 615.31 | 36 | 590.90 | 35 | 0.454 % | 56.8 | -5.30 | 68,340 | 5 | Europe |
ROU | Romania | 605.79 | 37 | 584.85 | 36 | 0.449 % | 6.05 | -4.80 | 30,141 | 48 | Europe |
BEL | Belgium | 618.93 | 35 | 575.81 | 37 | 0.442 % | 9.04 | -8.26 | 50,114 | 21 | Europe |
SGP | Singapore | 578.67 | 38 | 551.63 | 38 | 0.424 % | 24.2 | -6.00 | 95,603 | 2 | Asia |
SWE | Sweden | 570.75 | 39 | 551.52 | 39 | 0.424 % | 0.11 | -4.72 | 52,477 | 19 | Europe |
UKR | Ukraine | 560.98 | 40 | 527.93 | 40 | 0.406 % | 23.6 | -7.20 | 12,710 | 97 | Europe |
KAZ | Kazakhstan | 508.50 | 43 | 501.79 | 41 | 0.385 % | 26.1 | -2.69 | 26,589 | 57 | Asia |
AUT | Austria | 521.34 | 41 | 493.17 | 42 | 0.379 % | 8.62 | -6.72 | 55,406 | 15 | Europe |
DZA | Algeria | 509.31 | 42 | 488.29 | 43 | 0.375 % | 4.88 | -5.46 | 11,041 | 109 | Africa |
CHL | Chile | 478.77 | 44 | 456.39 | 44 | 0.351 % | 31.9 | -6.00 | 23,455 | 61 | South America |
IRL | Ireland | 455.17 | 46 | 447.72 | 45 | 0.344 % | 8.67 | -3.00 | 89,383 | 4 | Europe |
HKG | Hong Kong SAR | 468.30 | 45 | 439.46 | 46 | 0.338 % | 8.26 | -7.47 | 58,165 | 11 | Asia |
CZE | Czech Republic | 454.43 | 47 | 430.89 | 47 | 0.331 % | 8.57 | -6.50 | 40,293 | 33 | Europe |
IRQ | Iraq | 447.87 | 48 | 399.40 | 48 | 0.307 % | 31.5 | -12.06 | 9,952 | 116 | Asia |
PER | Peru | 441.96 | 49 | 385.72 | 49 | 0.296 % | 13.7 | -13.94 | 11,516 | 107 | South America |
ISR | Israel | 378.20 | 50 | 360.97 | 50 | 0.277 % | 24.7 | -5.89 | 39,126 | 35 | Asia |
PAK | Pakistan | 1,065.37 | 24 | 1,076.26 | 23 | 0.827 % | 185 | -0.39 | 5,160 | 141 | Asia |
World | 134,557 | 130,187 | -4.36 | 17,007 |