Gross Domestic Product (GDP) by Country in Current US Dollars 2023
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 | 18,270,356,654,533.215 $ |
2 | Brazil | 2,191,131,869,706.023 $ |
3 | Canada | 2,173,339,670,064.328 $ |
4 | Australia | 1,734,451,264,655.602 $ |
5 | Belgium | 651,330,595,110.012 $ |
6 | Argentina | 649,461,687,959.174 $ |
7 | Austria | 516,670,509,628.876 $ |
8 | Bangladesh | 437,415,333,018.291 $ |
9 | Denmark | 404,651,706,117.557 $ |
10 | China, Hong Kong SAR | 381,043,026,173.935 $ |
11 | Colombia | 366,291,836,137.916 $ |
12 | Czech Republic | 345,059,295,659.911 $ |
13 | Chile | 335,518,054,097.637 $ |
14 | Algeria | 247,923,887,214.656 $ |
15 | Angola | 107,167,747,140.127 $ |
16 | Bulgaria | 102,199,231,384.542 $ |
17 | Costa Rica | 86,497,941,439.017 $ |
18 | Croatia | 85,624,153,964.099 $ |
19 | Côte d'Ivoire | 80,780,312,569.165 $ |
20 | Belarus | 72,478,760,370.426 $ |
21 | Azerbaijan | 72,428,470,588.235 $ |
22 | Congo, Democratic Republic of the | 69,843,655,425.293 $ |
23 | Bolivia | 52,340,206,946.454 $ |
24 | Cameroon | 48,814,501,547.431 $ |
25 | Bahrain | 46,192,260,638.298 $ |
26 | China, Macao SAR | 45,626,467,279.891 $ |
27 | Cambodia | 42,335,646,895.798 $ |
28 | Cyprus | 35,075,423,857.1 $ |
29 | Bosnia and Herzegovina | 27,592,361,498.406 $ |
30 | Armenia | 24,185,982,215.654 $ |
31 | Albania | 23,491,242,727.408 $ |
32 | Burkina Faso | 20,112,614,449.204 $ |
33 | Afghanistan | 17,152,234,636.872 $ |
34 | American Samoa | NaN $ |
35 | Benin | 19,673,291,004.144 $ |
36 | Botswana | 19,411,266,967.104 $ |
37 | Chad | 18,340,233,748.88 $ |
38 | Congo | 15,321,055,822.517 $ |
39 | Bahamas | 15,271,300,000 $ |
40 | Brunei Darussalam | 15,095,084,656.163 $ |
41 | Bermuda | 8,579,242,000 $ |
42 | Cayman Islands | 7,241,244,269.46 $ |
43 | Barbados | 7,223,250,000 $ |
44 | Aruba | 3,834,729,616.12 $ |
45 | Andorra | 3,785,065,524.848 $ |
46 | Burundi | 3,430,949,249.912 $ |
47 | Curaçao | 3,281,419,347.371 $ |
48 | Belize | 3,052,362,650 $ |
49 | Bhutan | 3,012,896,789.249 $ |
50 | Central African Republic | 2,555,492,085.947 $ |
51 | Cabo Verde | 2,504,525,548.712 $ |
52 | Antigua and Barbuda | 2,005,785,185.185 $ |
53 | Comoros | 1,326,836,543.008 $ |
54 | Cuba | NaN $ |
55 | Germany | 4,562,207,532,490.276 $ |
56 | Japan | 4,213,167,237,905.826 $ |
57 | India | 3,638,489,096,033.859 $ |
58 | France | 3,056,250,648,138.289 $ |
59 | Italy | 2,316,727,999,333.178 $ |
60 | Indonesia | 1,371,169,301,563.622 $ |
61 | Ireland | 567,372,737,459.116 $ |
62 | Israel | 512,184,638,998.974 $ |
63 | Iran | 457,510,482,317.483 $ |
64 | Egypt | 395,926,075,163.006 $ |
65 | Finland | 295,021,982,462.75 $ |
66 | Iraq | 268,881,051,643.549 $ |
67 | Kazakhstan | 261,840,101,059.924 $ |
68 | Greece | 242,946,187,738.269 $ |
69 | Hungary | 213,240,316,634.648 $ |
70 | Kuwait | 165,384,407,116.233 $ |
71 | Ethiopia | 135,874,093,202.492 $ |
72 | Ecuador | 121,147,057,000 $ |
73 | Dominican Republic | 120,456,239,153.739 $ |
74 | Kenya | 107,500,884,685.013 $ |
75 | Guatemala | 104,368,755,054.601 $ |
76 | Ghana | 80,547,146,878.384 $ |
77 | Jordan | 51,088,476,338.028 $ |
78 | Latvia | 42,779,550,936.838 $ |
79 | Estonia | 41,470,344,395.109 $ |
80 | Honduras | 34,355,805,527.979 $ |
81 | El Salvador | 33,853,940,000 $ |
82 | Iceland | 31,677,891,896.786 $ |
83 | Georgia | 30,777,833,600.651 $ |
84 | Guinea | 22,407,615,556.057 $ |
85 | Jamaica | 21,418,804,319.639 $ |
86 | Lebanon | 20,078,620,356.993 $ |
87 | Haiti | 19,850,585,722.324 $ |
88 | Gabon | 19,388,372,070.978 $ |
89 | Guyana | 16,918,503,597.122 $ |
90 | Laos | 15,843,155,731.255 $ |
91 | Kyrgyzstan | 15,180,842,369.489 $ |
92 | Equatorial Guinea | 12,337,550,583.754 $ |
93 | Kosovo | 10,468,224,574.754 $ |
94 | French Polynesia | 6,137,447,782.871 $ |
95 | Fiji | 5,476,673,518.138 $ |
96 | Eswatini | 4,621,191,261.842 $ |
97 | Faroe Islands | 3,943,131,022.229 $ |
98 | Djibouti | 3,898,447,007.388 $ |
99 | Greenland | 3,326,543,974.392 $ |
100 | Gambia | 2,382,262,184.683 $ |
101 | Dominica | 659,311,111.111 $ |
102 | Eritrea | NaN $ |
103 | Grenada | 1,336,418,518.519 $ |
104 | Guam | NaN $ |
105 | Guinea-Bissau | 2,127,688,181.12 $ |
106 | Isle of Man | NaN $ |
107 | Russia | 2,071,505,725,030.579 $ |
108 | Mexico | 1,798,317,581,486.883 $ |
109 | Netherlands | 1,135,475,867,551.001 $ |
110 | Poland | 812,451,193,396.143 $ |
111 | Nigeria | 487,387,801,880.597 $ |
112 | Norway | 482,949,731,776.587 $ |
113 | Philippines | 437,055,627,244.424 $ |
114 | Malaysia | 399,949,418,752.657 $ |
115 | Romania | 347,757,995,758.914 $ |
116 | Pakistan | 336,686,348,609.266 $ |
117 | Portugal | 292,323,800,948.839 $ |
118 | Peru | 266,958,720,837.988 $ |
119 | New Zealand | 255,194,972,673.122 $ |
120 | Qatar | 217,308,516,483.516 $ |
121 | Morocco | 146,036,093,666.762 $ |
122 | Puerto Rico | 118,478,754,280.882 $ |
123 | Oman | 106,174,708,036.51 $ |
124 | Luxembourg | 88,788,881,539.394 $ |
125 | Panama | 83,812,155,244.335 $ |
126 | Lithuania | 79,789,877,416.168 $ |
127 | Myanmar | 66,757,619,000 $ |
128 | Libya | 44,027,664,915.187 $ |
129 | Paraguay | 43,118,053,174.546 $ |
130 | Nepal | 41,047,772,331.099 $ |
131 | Papua New Guinea | 30,816,367,066.959 $ |
132 | Mali | 24,813,860,598.531 $ |
133 | Malta | 22,610,561,526.146 $ |
134 | Mozambique | 20,921,079,532.609 $ |
135 | Mongolia | 20,325,121,393.907 $ |
136 | Nicaragua | 17,805,842,283.872 $ |
137 | Republic of Moldova | 16,711,906,746.213 $ |
138 | Niger | 16,698,786,977.59 $ |
139 | Madagascar | 15,869,945,477.851 $ |
140 | North Macedonia | 15,855,131,188.909 $ |
141 | Rwanda | 14,331,722,703.413 $ |
142 | Mauritius | 14,072,212,290.46 $ |
143 | Malawi | 13,363,669,672.941 $ |
144 | Namibia | 12,408,271,449.224 $ |
145 | Mauritania | 10,726,838,461.399 $ |
146 | Monaco | 10,003,892,565.2 $ |
147 | New Caledonia | 9,769,167,530.357 $ |
148 | Liechtenstein | 8,239,379,403.221 $ |
149 | Montenegro | 7,644,389,159.845 $ |
150 | Maldives | 6,621,008,703.957 $ |
151 | Liberia | 4,390,000,000 $ |
152 | Saint Lucia | 2,430,166,666.667 $ |
153 | Saint Vincent and the Grenadines | 1,072,237,037.037 $ |
154 | Saint Kitts and Nevis | 1,055,651,851.852 $ |
155 | Micronesia (Fed. States of) | 441,469,400 $ |
156 | Palau | 276,733,062.744 $ |
157 | Marshall Islands | 263,761,322.021 $ |
158 | Nauru | 151,435,609.579 $ |
159 | Northern Mariana Islands | NaN $ |
160 | Saint Martin (French part) | NaN $ |
161 | United States | 27,292,170,793,214.4 $ |
162 | United Kingdom | 3,420,796,653,789.081 $ |
163 | South Korea | 1,844,800,934,391.545 $ |
164 | Spain | 1,619,481,980,719.637 $ |
165 | Saudi Arabia | 1,218,584,533,333.333 $ |
166 | Turkey | 1,141,242,864,657.452 $ |
167 | Switzerland | 894,424,821,645.205 $ |
168 | Sweden | 578,990,915,246.07 $ |
169 | United Arab Emirates | 522,622,191,967.325 $ |
170 | Thailand | 515,906,283,940.933 $ |
171 | Singapore | 505,439,514,078.02 $ |
172 | Vietnam | 433,857,681,378.291 $ |
173 | South Africa | 381,440,724,491.232 $ |
174 | Ukraine | 181,221,517,868.744 $ |
175 | Slovakia | 133,578,518,423.544 $ |
176 | Uzbekistan | 102,641,879,248.764 $ |
177 | Venezuela | 102,376,526,555.948 $ |
178 | Sri Lanka | 83,716,142,582.195 $ |
179 | Serbia | 81,343,999,280.018 $ |
180 | Tanzania | 79,030,935,627.078 $ |
181 | Uruguay | 77,991,666,837.738 $ |
182 | Slovenia | 69,255,264,238.386 $ |
183 | Uganda | 48,768,955,863.317 $ |
184 | Tunisia | 48,205,328,303.34 $ |
185 | Turkmenistan | 45,894,538,665.554 $ |
186 | Sudan | 39,898,289,820.795 $ |
187 | Zimbabwe | 35,871,779,680.634 $ |
188 | Senegal | 30,696,331,295.783 $ |
189 | Zambia | 27,577,956,471.244 $ |
190 | Trinidad and Tobago | 25,036,993,423.366 $ |
191 | State of Palestine | 17,847,900,000 $ |
192 | Tajikistan | 12,244,169,292.8 $ |
193 | Somalia | 10,958,000,000 $ |
194 | Togo | 9,816,236,302.585 $ |
195 | Sierra Leone | 6,415,852,766.738 $ |
196 | Suriname | 3,472,693,412.085 $ |
197 | Seychelles | 2,187,379,754.662 $ |
198 | Lesotho | 2,117,962,445.375 $ |
199 | Timor-Leste | 2,079,767,170.227 $ |
200 | San Marino | 2,027,527,227.831 $ |
201 | Sint Maarten (Dutch part) | 1,686,525,953.05 $ |
202 | Turks and Caicos Islands | 1,638,653,000 $ |
203 | Solomon Islands | 1,506,124,566.404 $ |
204 | Samoa | 1,044,909,500.025 $ |
205 | Sao Tome and Principe | 690,456,806.696 $ |
206 | South Sudan | NaN $ |
207 | Syrian Arab Republic | NaN $ |
208 | Vanuatu | 1,115,861,055.725 $ |
209 | Tonga | 591,139,749.443 $ |
210 | Kiribati | 288,610,747.739 $ |
211 | Tuvalu | 62,280,311.585 $ |
212 | United States Virgin Islands | NaN $ |
213 | Yemen | NaN $ |
↑Top 10 Countries
- #1
China
- #2
Brazil
- #3
Canada
- #4
Australia
- #5
Belgium
- #6
Argentina
- #7
Austria
- #8
Bangladesh
- #9
Denmark
- #10
China, Hong Kong SAR
Analysis: These countries represent the highest values in this dataset, showcasing significant scale and impact on global statistics.
↓Bottom 10 Countries
- #213
Yemen
- #212
United States Virgin Islands
- #211
Tuvalu
- #210
Kiribati
- #209
Tonga
- #208
Vanuatu
- #207
Syrian Arab Republic
- #206
South Sudan
- #205
Sao Tome and Principe
- #204
Samoa
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 for 2023 is a vital economic indicator that reflects the financial health and growth potential of nations worldwide. This statistic offers a comprehensive view of global economic dynamics, serving as a key tool for investors and policymakers to assess economic performance and make informed decisions. In this article, we will delve into the intricate economic landscape of 2023, examining wealth distribution patterns, assessing regional economic disparities, and evaluating the impact of recent global events on GDP figures.
Economic Landscape of 2023
In 2023, the global economy continued to navigate complex challenges, including geopolitical tensions, trade disruptions, and the ongoing effects of the COVID-19 pandemic. Despite these hurdles, the United States remained the world's largest economy, boasting a GDP of $27.29 trillion. This figure represents a notable increase of 6.6% from the previous year, reflecting robust consumer spending and technological innovation. China maintained its position as the second-largest economy, with a GDP of $18.27 trillion, driven by strong industrial production and expanding domestic markets. Meanwhile, Germany experienced significant growth, with its GDP rising by 8.6% to $4.56 trillion, fueled by a resilient manufacturing sector and increased export demand.
Wealth Distribution Patterns
The 2023 GDP data highlights striking disparities in wealth distribution across the globe. While the top economies, including the United States, China, and Japan, collectively accounted for a substantial portion of the world's GDP, many smaller nations faced economic challenges. For instance, the Marshall Islands recorded the lowest GDP at approximately $263.76 million, underscoring the stark contrast between developed and developing countries. This uneven distribution of economic resources often correlates with differences in infrastructure, technology access, and human capital development, presenting significant barriers to economic growth for lower GDP countries.
Regional Economic Disparities
Examining regional economic disparities, the 2023 GDP data reveals notable variations in economic performance across continents. North America and Europe continued to exhibit strong economic output, with countries like Canada and France reporting GDPs of $2.17 trillion and $3.06 trillion, respectively. In contrast, several African nations grappled with economic setbacks, exacerbated by challenges such as political instability and limited access to international markets. Nigeria, for instance, experienced a significant GDP decline of 24.7%, highlighting the severe economic pressures faced by some African economies.
Impact of Global Events on GDP
The year 2023 was marked by several global events that had profound impacts on GDP figures around the world. The ongoing Russia-Ukraine conflict led to economic sanctions and trade disruptions, contributing to a 9.6% decrease in Russia's GDP. Additionally, the energy crisis in Europe prompted increased energy costs, affecting production and economic activities. Conversely, India's GDP saw an impressive rise of 8.7%, fueled by government reforms and a burgeoning tech industry that attracted substantial foreign investment. These examples illustrate how geopolitical dynamics and global events can significantly influence economic outcomes.
Future Prospects and Challenges
Looking ahead, the global economic landscape remains fraught with uncertainty and opportunities. Policymakers and economic leaders must navigate a delicate balance of addressing inflationary pressures, fostering sustainable growth, and mitigating the impacts of climate change. The 2023 GDP data underscores the necessity for international cooperation to tackle these challenges and promote equitable growth. As countries adapt to evolving economic paradigms, the ability to harness innovation and build resilient economies will be pivotal in shaping the future global economic order.
In conclusion, the Gross Domestic Product (GDP) by Country in Current US Dollars for 2023 provides a comprehensive snapshot of the economic realities faced by nations worldwide. By examining the economic landscape, wealth distribution patterns, regional disparities, and the influence of global events, we gain valuable insights into the complex factors that drive economic performance. As we move forward, continuous analysis and strategic planning will be essential to fostering a more equitable and prosperous global economy.
Insights by country
Egypt
In 2023, Egypt ranks 39th out of 213 countries in terms of Gross Domestic Product (GDP), with a value of approximately $395.93 billion in current US dollars. This positioning reflects Egypt's significant economic activity, particularly in sectors such as tourism, agriculture, and manufacturing.
The growth in GDP can be attributed to various factors, including ongoing economic reforms, increased foreign investment, and a focus on infrastructure development. Additionally, the Suez Canal, a vital trade route, continues to play a crucial role in boosting national revenue through transit fees and maritime commerce.
Furthermore, Egypt's economy is characterized by a young and growing population, which presents both opportunities for economic expansion and challenges related to job creation and social services. As such, the government is working to diversify the economy and improve the business environment to sustain growth in the coming years.
Mexico
In 2023, Mexico ranks 13th among 213 countries in terms of Gross Domestic Product (GDP), with a total value of $1,798,317,581,486.88. This significant economic output reflects Mexico's position as one of the largest economies in Latin America and the 15th largest in the world.
The robust GDP can be attributed to several factors, including a diverse economy that encompasses manufacturing, services, and agriculture. The country has a strong export sector, particularly in automotive and electronics, which has been bolstered by trade agreements such as the United States-Mexico-Canada Agreement (USMCA). Additionally, Mexico's strategic geographic location allows for efficient trade routes to both North and South America.
Moreover, Mexico's economy has shown resilience despite challenges such as political instability and the impacts of the COVID-19 pandemic. The country has continued to attract foreign direct investment, which plays a crucial role in its economic growth. Interestingly, Mexico is also noted for having one of the world's largest informal labor markets, which significantly affects economic indicators and employment rates.
Greenland
In 2023, Greenland ranks 171st out of 213 countries in terms of Gross Domestic Product (GDP), with a total GDP valued at approximately $3,326,543,974.39. This figure reflects the economic output of the territory, which is characterized by a small population and a reliance on limited economic sectors, including fishing, hunting, and tourism.
The relatively low GDP and ranking can be attributed to several factors, including Greenland's vast geographical size with a harsh climate, which limits agricultural development, and a heavy dependence on imports for goods and services. Additionally, the population density is very low, leading to challenges in market expansion and economic diversification.
Despite these challenges, Greenland's economy has shown potential for growth, particularly through the exploration of natural resources such as minerals and oil. The tourism sector is also emerging as a significant contributor, capitalizing on the unique Arctic environment, which attracts visitors seeking adventure and pristine landscapes.
Ghana
In 2023, Ghana ranks 79th out of 213 countries in terms of Gross Domestic Product (GDP), with a reported value of $80,547,146,878.38 in current US dollars. This positioning reflects the country's efforts to stabilize and grow its economy, amidst various challenges.
The GDP figure illustrates Ghana's status as one of the more rapidly developing economies in West Africa, bolstered by sectors such as agriculture, mining, and services. Factors contributing to this economic performance include a stable political environment, investment in infrastructure, and an emerging middle class. However, challenges such as inflation, currency fluctuations, and reliance on commodity exports remain significant concerns.
Additionally, Ghana is known for its rich natural resources, including gold and cocoa, which play a crucial role in driving economic growth. The country is also recognized for its commitment to economic diversification, aiming to reduce dependency on traditional sectors and increase resilience against global market fluctuations.
Andorra
In 2023, Andorra ranks 168th out of 213 countries in terms of Gross Domestic Product (GDP), with a total GDP valued at approximately $3,785,065,524.85 in current US dollars. This small landlocked country in the Pyrenees mountains has a unique economy primarily driven by tourism, retail, and finance.
The relatively modest size of Andorra's GDP reflects its population of around 77,000 inhabitants and its status as a microstate. Factors contributing to its GDP include a favorable tax regime that attracts international businesses and tourists, as well as an emphasis on high-value services that cater to wealthy visitors.
Additionally, Andorra's economy is bolstered by its strategic position as a shopping destination for residents of neighboring countries, particularly during periods of economic uncertainty. The nation has also seen a growing trend in diversifying its economy beyond tourism to include sectors such as telecommunications and sports.
Czech Republic
The Czech Republic ranks 44th out of 213 countries in terms of Gross Domestic Product (GDP) in current US dollars for the year 2023. The nation's GDP is valued at approximately $345,059,295,659.91, reflecting its robust economic performance amidst a competitive global landscape.
This significant GDP value can be attributed to the Czech Republic's diverse economy, which includes strong sectors such as manufacturing, services, and technology. The country has been recognized for its high level of industrialization and a well-educated workforce, contributing to its economic resilience and growth.
Furthermore, the Czech Republic benefits from its strategic location in Central Europe, acting as a hub for trade and investment. The government’s focus on innovation and infrastructure development, along with favorable business conditions, has also played a role in enhancing economic performance.
Kuwait
Kuwait ranks 58th out of 213 countries in terms of Gross Domestic Product (GDP) by country in current US dollars for the year 2023, with a reported GDP value of $165,384,407,116.23.
This noteworthy economic performance is largely attributed to Kuwait's significant oil reserves, which account for a substantial portion of its national revenue. The country is one of the world's leading oil exporters, and fluctuations in global oil prices can have a profound impact on its GDP figures.
In addition to oil, Kuwait has been working on diversifying its economy, investing in sectors such as finance, real estate, and infrastructure. As a result, Kuwait demonstrates resilience in its economic structure, contributing to its relatively high GDP ranking among other nations.
Brazil
Brazil ranks ninth out of 213 countries in terms of Gross Domestic Product (GDP) measured in current US dollars for the year 2023. The country's GDP is valued at approximately $2.19 trillion, reflecting its significant position as one of the largest economies in the world.
This ranking and value are indicative of Brazil's diverse and resource-rich economy, which is bolstered by sectors such as agriculture, mining, manufacturing, and services. The country's large population and vast natural resources contribute to its economic output, making it a key player in global markets.
Factors influencing Brazil's GDP include its export-oriented agribusiness, particularly in soybeans and coffee, as well as its growing technology and service sectors. Additionally, Brazil's economic policies and reforms aimed at stimulating growth and attracting foreign investment also play a critical role in sustaining its economic performance.
Suriname
In 2023, Suriname ranks 169th out of 213 countries in terms of Gross Domestic Product (GDP) measured in current US dollars. The country's GDP is estimated at $3,472,693,412.08, reflecting its economic activity and overall productivity.
This relatively low GDP value can be attributed to several factors, including the nation's small population, economic reliance on natural resources such as gold and oil, and the challenges faced in diversifying its economy. Additionally, Suriname has experienced fluctuations in commodity prices and economic instability, which have impacted its growth prospects.
Despite these challenges, Suriname's economy shows potential for growth, particularly in sectors like tourism and agriculture, which could help improve its GDP in the coming years. The country's GDP per capita remains low, highlighting ongoing issues related to income inequality and economic development.
Yemen
In 2023, Yemen ranks 213 out of 213 countries in terms of Gross Domestic Product (GDP) by country in current US dollars, with an estimated GDP value of null dollars. This ranking underscores the severe economic difficulties faced by the nation, largely due to the ongoing conflict and humanitarian crisis that have devastated its economy.
The absence of a measurable GDP reflects the extensive destruction of infrastructure, disruption of trade, and a significant decline in productive activities. Factors contributing to this dire economic situation include prolonged civil war, blockades, and widespread poverty, which have severely limited access to basic services and economic opportunities for the population.
Additionally, Yemen has one of the highest rates of food insecurity in the world, with millions of people reliant on humanitarian assistance. The combination of these challenges highlights the urgent need for international support and intervention to stabilize the economy and improve living conditions for the Yemeni people.
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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