Gross Domestic Product (GDP) by Country in Current US Dollars 2016
Discover the Gross Domestic Product (GDP) by country in current US dollars, a key indicator of economic performance. This statistic reveals the financial health and growth potential of nations, making it essential for investors and policymakers.
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Complete Data Rankings
Rank | ||
|---|---|---|
1 | China | 11,456,024,084,961.979 $ |
2 | Japan | 5,003,677,627,544.24 $ |
3 | Germany | 3,536,787,895,178.997 $ |
4 | France | 2,470,407,619,777.127 $ |
5 | India | 2,294,796,885,663.163 $ |
6 | Italy | 1,887,111,188,176.931 $ |
7 | Brazil | 1,795,693,265,999.038 $ |
8 | Canada | 1,527,994,741,907.425 $ |
9 | Russia | 1,276,786,350,881.137 $ |
10 | Australia | 1,211,588,128,417.607 $ |
11 | Mexico | 1,112,233,497,452.698 $ |
12 | Indonesia | 931,877,364,037.698 $ |
13 | Netherlands | 797,163,949,289.885 $ |
14 | Argentina | 557,532,320,662.955 $ |
15 | Iran | 478,618,064,870.999 $ |
16 | Belgium | 474,271,566,739.729 $ |
17 | Poland | 473,259,583,969.643 $ |
18 | Nigeria | 404,649,125,252.16 $ |
19 | Austria | 393,687,359,770.273 $ |
20 | Norway | 370,956,547,619.048 $ |
21 | Egypt | 332,441,717,791.411 $ |
22 | Israel | 321,940,971,558.016 $ |
23 | China, Hong Kong SAR | 320,860,317,562.562 $ |
24 | Philippines | 318,627,003,016.731 $ |
25 | Pakistan | 313,630,000,130.435 $ |
26 | Denmark | 312,181,849,372.233 $ |
27 | Ireland | 305,431,252,708.748 $ |
28 | Malaysia | 301,256,033,870.334 $ |
29 | Colombia | 282,720,100,286.228 $ |
30 | Bangladesh | 265,224,515,675.034 $ |
31 | Chile | 249,344,863,928.438 $ |
32 | Finland | 238,777,818,792.608 $ |
33 | Portugal | 206,305,431,241.638 $ |
34 | Czech Republic | 198,160,659,303.939 $ |
35 | Greece | 193,097,239,005.87 $ |
36 | Peru | 191,898,104,390.379 $ |
37 | New Zealand | 189,100,085,275.23 $ |
38 | Romania | 185,290,759,248.844 $ |
39 | Algeria | 180,763,839,522.151 $ |
40 | Iraq | 166,743,557,747.671 $ |
41 | Qatar | 151,732,142,857.143 $ |
42 | Kazakhstan | 137,278,320,084.171 $ |
43 | Hungary | 128,983,560,865.293 $ |
44 | Morocco | 111,572,947,004.917 $ |
45 | Kuwait | 109,406,674,124.652 $ |
46 | Puerto Rico | 104,336,700,000 $ |
47 | Ecuador | 97,671,433,000 $ |
48 | Cuba | 91,370,407,900 $ |
49 | Dominican Republic | 75,552,902,635.707 $ |
50 | Oman | 75,128,738,621.586 $ |
51 | Kenya | 74,815,144,163.893 $ |
52 | Ethiopia | 68,475,871,209.607 $ |
53 | Guatemala | 66,053,408,205.884 $ |
54 | Myanmar | 63,298,361,983.565 $ |
55 | Luxembourg | 62,216,885,435.949 $ |
56 | Angola | 59,878,249,719.328 $ |
57 | Panama | 59,760,858,717.836 $ |
58 | Costa Rica | 58,847,019,609.655 $ |
59 | Ghana | 56,144,179,397.852 $ |
60 | Bulgaria | 53,929,397,039.211 $ |
61 | Croatia | 52,650,714,171.862 $ |
62 | Lebanon | 51,147,308,774.129 $ |
63 | Libya | 49,912,073,701.298 $ |
64 | Côte d'Ivoire | 48,407,761,036.824 $ |
65 | Belarus | 47,723,545,321.259 $ |
66 | China, Macao SAR | 44,964,868,323.756 $ |
67 | Lithuania | 42,970,749,245.034 $ |
68 | Jordan | 39,892,551,126.761 $ |
69 | Congo, Democratic Republic of the | 38,600,224,214.473 $ |
70 | Azerbaijan | 37,866,996,882.916 $ |
71 | Paraguay | 36,089,700,222.955 $ |
72 | Bolivia | 33,941,126,193.922 $ |
73 | Bahrain | 33,884,680,851.064 $ |
74 | Cameroon | 33,814,337,044.376 $ |
75 | Latvia | 27,117,105,059.507 $ |
76 | Cambodia | 26,556,545,153.357 $ |
77 | Estonia | 24,561,027,787.79 $ |
78 | Nepal | 24,524,109,483.529 $ |
79 | El Salvador | 24,191,430,000 $ |
80 | Honduras | 21,717,604,952.184 $ |
81 | Iceland | 21,083,713,310.457 $ |
82 | Cyprus | 21,046,462,280.598 $ |
83 | Papua New Guinea | 20,758,876,952.623 $ |
84 | Afghanistan | 18,116,572,395.077 $ |
85 | Bosnia and Herzegovina | 17,116,926,553.851 $ |
86 | Mali | 16,743,796,799.833 $ |
87 | Laos | 15,912,501,722.614 $ |
88 | Georgia | 15,444,548,901.964 $ |
89 | Botswana | 15,082,637,184.05 $ |
90 | Jamaica | 14,898,999,754.123 $ |
91 | Haiti | 14,069,277,526.228 $ |
92 | Gabon | 14,023,890,265.366 $ |
93 | Nicaragua | 13,286,093,388.475 $ |
94 | Chad | 13,026,289,835.779 $ |
95 | Burkina Faso | 12,833,363,045.337 $ |
96 | Mauritius | 12,757,680,846.566 $ |
97 | Mozambique | 12,069,051,237.171 $ |
98 | Malta | 12,025,782,834.153 $ |
99 | Albania | 11,988,668,784.663 $ |
100 | Bahamas | 11,880,900,000 $ |
101 | Madagascar | 11,848,613,858.442 $ |
102 | Benin | 11,821,065,853.384 $ |
103 | Brunei Darussalam | 11,400,266,044.665 $ |
104 | Equatorial Guinea | 11,240,808,847.888 $ |
105 | Mongolia | 11,181,350,649.357 $ |
106 | Congo | 10,931,328,150.848 $ |
107 | Namibia | 10,722,018,732.094 $ |
108 | North Macedonia | 10,672,467,073.287 $ |
109 | Armenia | 10,546,136,235.522 $ |
110 | Niger | 10,398,861,981.758 $ |
111 | New Caledonia | 8,724,568,954.898 $ |
112 | Rwanda | 8,695,272,057.918 $ |
113 | Guinea | 8,595,955,222.497 $ |
114 | Republic of Moldova | 7,980,917,075.775 $ |
115 | Malawi | 7,909,868,618.464 $ |
116 | Bermuda | 6,899,911,000 $ |
117 | Isle of Man | 6,846,377,563.007 $ |
118 | Kyrgyzstan | 6,813,095,379.119 $ |
119 | Kosovo | 6,682,677,289.99 $ |
120 | Monaco | 6,471,290,793.55 $ |
121 | Mauritania | 6,398,747,592.132 $ |
122 | Liechtenstein | 6,237,302,033.501 $ |
123 | Guam | 5,901,000,000 $ |
124 | Barbados | 5,674,600,000 $ |
125 | French Polynesia | 5,497,036,476.803 $ |
126 | Fiji | 4,930,213,644.367 $ |
127 | Cayman Islands | 4,909,322,200.002 $ |
128 | Guyana | 4,482,697,336.562 $ |
129 | Maldives | 4,409,942,623.855 $ |
130 | Montenegro | 4,357,469,330.467 $ |
131 | Eswatini | 3,722,306,116.729 $ |
132 | Liberia | 3,398,419,600 $ |
133 | Curaçao | 3,024,690,188.017 $ |
134 | Aruba | 2,983,637,430.168 $ |
135 | Andorra | 2,896,611,878.626 $ |
136 | Faroe Islands | 2,813,278,868.782 $ |
137 | Greenland | 2,707,139,544.467 $ |
138 | Burundi | 2,618,093,125.147 $ |
139 | Djibouti | 2,604,955,228.701 $ |
140 | Bhutan | 2,357,504,760.786 $ |
141 | Belize | 2,239,604,950 $ |
142 | Lesotho | 2,114,426,452.202 $ |
143 | Saint Lucia | 1,868,544,444.444 $ |
144 | Cabo Verde | 1,849,789,985.996 $ |
145 | Central African Republic | 1,825,018,144.656 $ |
146 | Antigua and Barbuda | 1,489,603,703.704 $ |
147 | Gambia | 1,484,578,885.971 $ |
148 | Guinea-Bissau | 1,245,074,264.104 $ |
149 | Northern Mariana Islands | 1,230,000,000 $ |
150 | Comoros | 1,012,835,493.193 $ |
151 | Saint Kitts and Nevis | 1,006,818,518.519 $ |
152 | Saint Vincent and the Grenadines | 814,303,703.704 $ |
153 | Dominica | 612,711,111.111 $ |
154 | Eritrea | NaN $ |
155 | Grenada | 1,061,640,740.741 $ |
156 | American Samoa | 671,000,000 $ |
157 | Micronesia (Fed. States of) | 325,000,000 $ |
158 | Palau | 305,227,020.264 $ |
159 | Marshall Islands | 201,800,000 $ |
160 | Nauru | 97,541,943.036 $ |
161 | Saint Martin (French part) | NaN $ |
162 | United States | 18,695,110,842,000 $ |
163 | United Kingdom | 2,706,807,606,538.731 $ |
164 | South Korea | 1,579,150,518,945.439 $ |
165 | Spain | 1,243,015,667,917.124 $ |
166 | Turkey | 870,818,016,909.84 $ |
167 | Saudi Arabia | 689,279,466,666.667 $ |
168 | Switzerland | 687,895,460,902.713 $ |
169 | Sweden | 513,058,312,950.939 $ |
170 | Thailand | 413,366,349,747.508 $ |
171 | United Arab Emirates | 381,717,086,453.37 $ |
172 | South Africa | 323,585,509,674.481 $ |
173 | Singapore | 319,646,468,521.497 $ |
174 | Vietnam | 257,096,001,177.982 $ |
175 | Venezuela | 112,915,034,262.314 $ |
176 | Ukraine | 93,355,869,403.922 $ |
177 | Slovakia | 90,347,173,228.636 $ |
178 | Sri Lanka | 88,000,211,171.596 $ |
179 | Uzbekistan | 86,138,288,644.171 $ |
180 | Uruguay | 57,480,787,465.272 $ |
181 | Tanzania | 49,774,409,374.454 $ |
182 | Tunisia | 44,360,072,680.448 $ |
183 | Slovenia | 44,290,685,824.068 $ |
184 | Sudan | 42,630,376,000 $ |
185 | Serbia | 42,225,495,909.563 $ |
186 | Turkmenistan | 36,169,428,571.429 $ |
187 | Yemen | 31,317,825,274.151 $ |
188 | Uganda | 29,203,988,696.263 $ |
189 | Trinidad and Tobago | 23,624,322,192.627 $ |
190 | Zambia | 20,958,412,538.309 $ |
191 | Zimbabwe | 20,559,250,000 $ |
192 | Senegal | 19,040,312,333.186 $ |
193 | State of Palestine | 15,405,400,000 $ |
194 | Syrian Arab Republic | 12,597,854,877.425 $ |
195 | Tajikistan | 6,992,416,096.89 $ |
196 | Somalia | 6,613,743,069.999 $ |
197 | Sierra Leone | 6,084,297,211.102 $ |
198 | Togo | 6,071,167,584.195 $ |
199 | United States Virgin Islands | 3,798,000,000 $ |
200 | Suriname | 3,317,421,648.099 $ |
201 | Timor-Leste | 1,640,464,612.081 $ |
202 | Seychelles | 1,568,513,348.145 $ |
203 | San Marino | 1,468,343,139.743 $ |
204 | Sint Maarten (Dutch part) | 1,427,017,206.704 $ |
205 | Solomon Islands | 1,379,486,290.714 $ |
206 | Turks and Caicos Islands | 1,202,078,000 $ |
207 | Samoa | 843,924,796.697 $ |
208 | Sao Tome and Principe | 292,267,272.197 $ |
209 | South Sudan | NaN $ |
210 | Vanuatu | 804,323,576.861 $ |
211 | Tonga | 420,828,262.318 $ |
212 | Kiribati | 206,467,818.503 $ |
213 | Tuvalu | 41,629,064.223 $ |
↑Top 10 Countries
Analysis: These countries represent the highest values in this dataset, showcasing significant scale and impact on global statistics.
↓Bottom 10 Countries
- #213
Tuvalu
- #212
Kiribati
- #211
Tonga
- #210
Vanuatu
- #209
South Sudan
- #208
Sao Tome and Principe
- #207
Samoa
- #206
Turks and Caicos Islands
- #205
Solomon Islands
- #204
Sint Maarten (Dutch part)
Context: These countries or territories have the lowest values, often due to geographic size, administrative status, or specific characteristics.
Analysis & Context
The Gross Domestic Product (GDP) by country in current US dollars is a crucial indicator of a nation's economic performance. For the year 2016, this metric provided valuable insights into the financial health and growth potential of 200 countries globally. By examining the GDP figures, investors and policymakers can gauge economic stability and make informed decisions. This article delves into the intricate details of the 2016 GDP data, revealing significant patterns and trends that shaped the global economic landscape.
Global Economic Landscape in 2016
In 2016, the global economic landscape was dominated by the United States, whose GDP reached a staggering $18.7 trillion. This economic powerhouse was followed by China, with a GDP of approximately $11.5 trillion, reflecting its robust industrial growth and burgeoning consumer market. Japan secured its position as the third-largest economy, with a GDP of over $5 trillion, driven by technological advancements and strong export markets. These figures underscore the significant economic influence of these nations on global markets and highlight their roles as key drivers in international trade and finance.
Regional Comparisons and Economic Disparities
Analyzing the GDP data reveals regional disparities in economic performance. Europe, represented by Germany, the United Kingdom, and France, showcased strong economic figures, with Germany leading the pack with a GDP of approximately $3.5 trillion. The United Kingdom, despite facing economic uncertainties following the Brexit referendum, maintained a GDP of around $2.7 trillion, albeit with a notable decrease of 8.1% from the previous year. Conversely, countries in Oceania, such as Australia, experienced significant GDP declines, with Australia witnessing a reduction of over $145 billion, reflecting the volatility in commodity prices and export markets.
Emergence of Developing Economies
Among developing countries, India and Brazil stood out with remarkable GDP figures, highlighting their growing economic influence. India's GDP surpassed $2.2 trillion, marking a 9.1% increase from the previous year, driven by domestic consumption and service sector growth. Brazil's GDP, though impacted by political instability and economic recession, remained robust at approximately $1.8 trillion. These nations exemplified the dynamism and potential of emerging markets, underscoring their critical roles in shaping future global economic trends.
Economic Challenges and Notable Declines
The year 2016 also witnessed significant economic challenges, particularly for countries like Nigeria and Russia. Nigeria faced a dramatic GDP contraction of nearly 18%, attributed to falling oil prices and economic mismanagement. Russia, grappling with international sanctions and fluctuating energy prices, saw its GDP decrease by over 6%, highlighting the vulnerabilities in economies heavily reliant on natural resources. These declines emphasize the importance of economic diversification and resilience in the face of global market fluctuations.
Wealth Distribution and Policy Implications
The disparity between the GDP figures of the top economies and those of smaller nations highlights significant global wealth distribution issues. Countries like Vanuatu and Saint Vincent and the Grenadines reported GDP figures below $1 billion, reflecting limited industrialization and economic development. This economic gap calls for targeted policy interventions and international cooperation to promote sustainable growth and development in less economically advanced countries. Policymakers must consider these disparities when formulating economic strategies to foster inclusive growth and global economic parity.
In conclusion, the Gross Domestic Product (GDP) by country in current US dollars in 2016 offers invaluable insights into the economic dynamics that shaped the world. From the dominance of established economies to the rise of emerging markets and the challenges faced by resource-dependent nations, these figures provide a comprehensive snapshot of the global economic landscape. As nations continue to navigate the complexities of global trade and finance, understanding these patterns will be crucial for crafting policies that drive sustainable growth and prosperity in the future.
Insights by country
Greenland
In 2016, Greenland ranked 176th out of 213 countries in terms of Gross Domestic Product (GDP) measured in current US dollars. The total GDP for Greenland in that year was approximately $2,707,139,544, reflecting the unique economic circumstances of the territory.
Greenland's economy is heavily dependent on fishing, which constitutes a significant portion of its GDP, along with other industries such as mining and tourism. The limited population and vast natural resources contribute to the relatively low GDP when compared to more populous nations, despite a high per capita GDP.
Factors influencing Greenland's economic performance include its geographical remoteness, harsh climate, and reliance on imports for many goods and services. Additionally, the effects of climate change are increasingly impacting traditional industries, potentially altering future economic prospects.
Tonga
Tonga ranks 203rd out of 213 countries in terms of Gross Domestic Product (GDP) for the year 2016. The country's GDP in current US dollars was approximately $420,828,262, reflecting the small size and population of the nation.
This relatively low GDP can be attributed to several factors, including Tonga's geographic isolation, limited natural resources, and a reliance on agriculture and tourism for economic activities. The economy is particularly vulnerable to external shocks, such as natural disasters, which can have significant impacts on its economic output.
Additionally, Tonga faces challenges such as a modest industrial base and high levels of debt, which can hinder economic growth. Despite these challenges, the Tongan government has been working on various reforms to improve economic resilience and attract foreign investment.
Israel
In 2016, Israel achieved a Gross Domestic Product (GDP) of approximately $321.94 billion, ranking 33rd out of 213 countries globally. This impressive economic performance reflects Israel's diverse economy, characterized by advanced technology, agriculture, and a robust services sector.
The high GDP value can be attributed to several factors, including Israel's strong emphasis on innovation and research and development, particularly in high-tech industries. The country has also benefited from substantial foreign investment and a highly educated workforce, which have fostered a thriving startup culture.
Interestingly, Israel's GDP per capita in 2016 was significantly above the global average, indicating a relatively high standard of living. This economic resilience is further bolstered by Israel's strategic geopolitical position and its trade relationships with various nations, especially in technology and defense sectors.
Fiji
In 2016, Fiji ranked 163rd out of 213 countries in terms of Gross Domestic Product (GDP) measured in current US dollars, with a reported value of $4,930,213,644.37. This figure reflects the overall economic output of the country, which is indicative of its economic health and capacity to produce goods and services.
The economy of Fiji is heavily reliant on tourism, agriculture, and sugar production, which contribute significantly to its GDP. In recent years, factors such as natural disasters, including cyclones, and the fluctuating global market prices for its key exports have impacted economic performance. Additionally, Fiji's geographical location in the South Pacific presents both opportunities and challenges for trade and investment.
As a small island developing state, Fiji faces unique economic vulnerabilities, including susceptibility to climate change impacts and limited resources. However, the country has shown resilience, with ongoing efforts to diversify its economy and enhance infrastructure to support sustainable growth.
Guatemala
In 2016, Guatemala ranked 71st out of 213 countries in terms of Gross Domestic Product (GDP) when measured in current US dollars, with a total GDP valued at $66,053,408,205.88. This economic output reflects the country's diverse economic activities, including agriculture, manufacturing, and services.
The relatively modest GDP ranking can be attributed to several factors, including high levels of poverty, limited industrial development, and a reliance on agriculture, which employs a large portion of the workforce but often yields low productivity. Additionally, the country faces challenges such as inequality, political instability, and infrastructure deficiencies, which can hinder economic growth.
Despite these challenges, Guatemala's economy has shown resilience, with remittances from Guatemalans living abroad playing a significant role in supporting domestic consumption. In 2016, remittances accounted for a substantial share of the country's GDP, highlighting the importance of diaspora contributions to the national economy.
Jordan
In 2016, Jordan ranked 92nd out of 213 countries in terms of Gross Domestic Product (GDP), with a total value of $39,892,551,026.76 in current US dollars. This economic standing reflects the country's relatively small yet diverse economy, which is characterized by a mix of services, industry, and agriculture.
The GDP value for Jordan can be attributed to several factors, including its strategic geographic location, which serves as a transit hub for trade between Asia, Europe, and Africa. Additionally, the country has faced significant challenges, such as regional instability and the influx of refugees, particularly from Syria, which have impacted economic growth and public services.
Interestingly, Jordan's economy has shown resilience despite these challenges, with the service sector, particularly tourism, playing a crucial role in its economic structure. As of 2016, the economy was also supported by remittances from Jordanians working abroad, which significantly contribute to household income and spending.
Estonia
In 2016, Estonia had a Gross Domestic Product (GDP) valued at 24,561,027,787.79 USD, placing the country 104th out of 213 countries in terms of GDP by country in current US dollars. This statistic reflects Estonia's growing economy, which has undergone significant transformation since regaining independence in 1991.
The relatively modest GDP ranking can be attributed to Estonia's small population and size, which limits the overall economic output. However, the country has shown resilience and adaptability, driven by advancements in technology and a robust digital infrastructure, contributing to sectors such as information technology and e-governance.
In addition, Estonia's membership in the European Union since 2004 has facilitated trade and investment, further boosting its economic prospects. Notably, Estonia was recognized for its rapid development of a digital economy, with the country being one of the first to adopt e-residency, allowing global entrepreneurs to establish businesses online.
Armenia
In 2016, Armenia ranked 142nd out of 213 countries in terms of Gross Domestic Product (GDP), with a total value of approximately $10.55 billion in current US dollars. This economic output reflects the country's ongoing efforts to stabilize and grow its economy following a period of significant challenges after gaining independence.
The relatively low GDP figure can be attributed to several factors, including its small population, geographic constraints, and the lingering effects of the economic blockade imposed by neighboring countries. Additionally, Armenia's economy is heavily reliant on sectors such as agriculture, services, and remittances from the diaspora, all of which play crucial roles in its economic landscape.
Furthermore, Armenia has faced challenges such as political instability and regional conflicts, which have impacted foreign investment and economic growth. Despite these challenges, the country has shown resilience, with efforts focused on economic reforms and integration into international markets.
Lebanon
In 2016, Lebanon held the 81st position out of 213 countries in terms of Gross Domestic Product (GDP) calculated in current US dollars, with a reported GDP of $51,147,308,774. This figure reflects the economic activity and health of the nation during that year, indicating a relatively modest economic scale compared to other countries globally.
The Lebanese economy has historically been influenced by several factors, including its strategic geographic location, a diverse economy, and significant remittances from the Lebanese diaspora. However, challenges such as political instability, regional conflicts, and economic mismanagement have hindered sustained growth and development.
In addition to these challenges, Lebanon's economy has also faced pressures from the influx of refugees, particularly from Syria, which has strained resources and public services. As a result, while Lebanon's GDP reflects a degree of economic activity, the underlying issues have contributed to a complex economic landscape that continues to evolve.
Indonesia
In 2016, Indonesia held the 16th position globally in terms of Gross Domestic Product (GDP), with a value of approximately $931.88 billion in current US dollars. This significant economic output reflects Indonesia's status as the largest economy in Southeast Asia and underscores its role as an emerging market on the world stage.
The country's GDP growth can be attributed to various factors, including a large and youthful population, abundant natural resources, and a diverse economy encompassing agriculture, manufacturing, and services. Additionally, ongoing infrastructure development and foreign investment have further bolstered economic expansion during this period.
In comparison to other nations, Indonesia's GDP highlights its potential for continued growth, especially as the country seeks to improve its ease of doing business and attract more foreign direct investment. As the population of Indonesia exceeds 260 million, the domestic market presents significant opportunities for consumption-driven growth.
Data Source
World Bank (WB)
The World Bank is like a cooperative, made up of 189 member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank. Generally, the governors are member countries' ministers of finance or ministers of development. They meet once a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund.
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