Which Country Has the Highest GDP?

Key findings:

• The United States leads the world in GDP with $29.18 trillion in 2024, maintaining its top position throughout the past decade.
• China’s GDP rose from $11.28 trillion in 2015 to $18.74 trillion in 2024, narrowing the economic gap with the U.S. by $10+ trillion.
• The top 20 countries generate $88.66 trillion, over 80% of global GDP, highlighting the concentration of economic power.
• North America ranks first in GDP per capita at $82,406, more than 54 times higher than Sub-Saharan Africa’s $1,516.
• High-income countries account for $71.52 trillion of global GDP, while low-income nations contribute just $0.47 trillion, revealing extreme disparity.

In a world shaped by economic interdependence, tracking which countries lead in GDP and how those patterns shift over time offers valuable insight into global power dynamics. From high-income nations driving innovation to emerging economies reshaping trade and production, GDP remains a core metric for understanding global influence, growth potential, and disparities. This article breaks down the top performers, regional trends, and per capita comparisons that define the modern economic landscape.

What is GDP, and why does it matter

Let’s define GDP. Gross Domestic Product (GDP) is one of the most widely used indicators to measure a country’s economic performance. But beyond the acronym, many still wonder: what does GDP mean, and how does it affect everyday life?

GDP refers to the total monetary value of all goods and services produced within a country over a specific period. This metric reflects the size and health of an economy. In simple terms, gross domestic product meaning helps governments, investors, and citizens track growth, forecast economic trends, and make informed decisions.

So, what is the current GDP of the world’s largest economies? According to recent GDP statistics, the United States leads with over $29 trillion, followed by China at nearly $19 trillion. These figures underscore how GDP data shapes global rankings and policymaking.

Whether you’re an economist, student, or curious citizen, knowing what GDP is provides valuable insight into how a nation is performing, and why it matters more than ever in today’s interconnected world.

Building on the broader global context, it’s essential to examine which countries have maintained dominance in terms of economic output over the past decade.

Which country has the highest GDP?

The 5 biggest economies in 2015-2024

The chart below presents the five richest countries by GDP between 2015 and 2024. Tracking the world’s biggest economies reveals both consistency and major shifts in global economic leadership. Notably, India emerges in later years, while traditional powerhouses like Japan and Germany maintain relatively stable positions.

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

• In 2024, the United States recorded the highest GDP at $29.18 trillion, reinforcing its lead among the richest countries by GDP.
• China’s GDP increased from $11.28 trillion in 2015 to $18.74 trillion in 2024, narrowing the gap with the U.S.
• India entered the top five in 2021 with a GDP of $3.17 trillion and steadily grew to $3.91 trillion by 2024.

Top 5 biggest economies in 2015-2024

Year	United States GDP, $ trillion	China GDP, $ trillion	Japan GDP, $ trillion	Germany GDP, $ trillion	United Kingdom GDP, $ trillion	India GDP, $ trillion
2015	18.30	11.28	4.44	3.42	2.93
2016	18.80	11.46	5.00	3.54	2.69
2017	19.61	12.54	4.93	3.76	2.68
2018	20.66	14.15	5.04	4.05	2.87
2019	21.54	14.56	5.12	3.96	2.85
2020	21.35	15.00	5.05	3.94	2.7
2021	23.68	18.20	5.04	4.35		3.17
2022	26.01	18.32	4.26	4.16		3.35
2023	27.72	18.27	4.21	4.53		3.64
2024	29.18	18.74	4.03	4.66		3.91

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

The data highlights the United States’ long-term economic resilience, consistently ranking as the country with the highest GDP throughout 2015-2024. China remains the strongest challenger, showing sustained growth. Meanwhile, India’s rise into the top five reflects shifting dynamics among the world’s biggest economies. These trends offer insight into which country has the highest GDP potential going forward.

Following the evolution of GDP among the top five economies over the past decade, it’s important to assess the current global landscape by looking at the 10 largest economies in the world in 2024.

The top 10 largest economies by GDP in 2024

The ranking of the top 10 GDP countries in 2024 highlights the enduring dominance of the U.S. and China, followed by a mix of advanced and emerging economies. This snapshot reflects shifts in global economic power, as nations like India and Brazil continue to climb the list. Understanding the distribution of GDP among these countries helps contextualize broader geopolitical and trade trends.

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

• The United States leads the global economy with a GDP of $29.18 trillion, firmly securing the highest GDP in 2022 and beyond.
• India reached the 5th position with $3.91 trillion, closing in on Japan’s $4.03 trillion.
• Brazil entered the top 10 GDP countries 2025 list with a GDP of $2.18 trillion, overtaking economies like South Korea and Russia.

The biggest economies in 2024 by GDP

Country	GDP, $ trillion
United States	29.18
China	18.74
Germany	4.66
Japan	4.03
India	3.91
United Kingdom	3.64
France	3.16
Italy	2.37
Canada	2.24
Brazil	2.18

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

The 2024 list of the 10 largest economies in the world underscores the growing multipolarity of global economic influence. While traditional powers like the U.S., Japan, and Germany maintain strong positions, the rise of India and Brazil signals a shift toward more balanced global development. These rankings also suggest that emerging markets are not only catching up but are increasingly shaping the dynamics of international trade, investment, and innovation.

After examining the top 10 GDP countries in 2024, it’s essential to understand how the global economy has evolved. A closer look at annual global GDP growth reveals both periods of expansion and moments of contraction that shape the world economy’s trajectory.

How much is the global economy worth?

Global GDP growth

The chart below illustrates the global GDP from 2015 to 2024, showing how much the world economy is worth in dollar terms. It provides a snapshot of the GDP of the world year by year, offering valuable context for trends, shocks, and recoveries in the international economic landscape.

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

• The global GDP rose from $75.72 trillion in 2015 to $111.33 trillion in 2024, showing an overall increase of $35.61 trillion.
• The sharpest annual growth occurred between 2020 and 2021, when global GDP jumped from $86.12 trillion to $98.37 trillion.
• In 2020, the global economy shrank by $2.37 trillion, marking the only contraction during this period.

Global GDP growth by year

Year	Global GDP, $ trillion
2015	75.72
2016	76.96
2017	81.97
2018	87.19
2019	88.49
2020	86.12
2021	98.37
2022	102.43
2023	106.97
2024	111.33

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

The data illustrate a steady upward trajectory in global GDP growth, interrupted only by the pandemic-related dip in 2020. As of 2024, the world’s GDP 2024 is valued at $111.33 trillion, reaffirming the scale and resilience of the world’s largest GDP contributors. These figures not only reflect aggregate economic performance but also serve as a baseline for future global GDP rankings and comparisons of global GDP by country.

After exploring the top 10 economies, it is useful to expand the view to the top 20 countries by GDP in 2024 to understand broader global economic standings.

GDP leaders: Countries with the largest economies

Top 20 countries by GDP in 2024

This chart presents the GDP by country for the leading 20 nations in 2024, offering insight into the economic scale of a diverse group of countries. The list includes both long-established economic powers and emerging markets, highlighting shifts in global wealth distribution. Analyzing this list of countries by GDP reveals trends that may influence future international economic policies.

The top 20 countries by GDP in 2024 account for $88.66 trillion of $111.33 trillion global GDP, which is 80% of the global economy.

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

• The United States continues to hold the highest GDP with $29.18 trillion in 2024, far surpassing other countries.
• China ranks second with $18.74 trillion, maintaining its position among the largest economies globally.
• Countries like Indonesia ($1.40 trillion) and Turkiye ($1.32 trillion) appear prominently on the list of countries ranked by GDP, reflecting growing economic influence.

Top 100 countries by GDP in 2024

Rank	Country	GDP, $ trillion
1	United States	29.18
2	China	18.74
3	Germany	4.66
4	Japan	4.03
5	India	3.91
6	United Kingdom	3.64
7	France	3.16
8	Italy	2.37
9	Canada	2.24
10	Brazil	2.18
11	Russian Federation	2.17
12	Mexico	1.85
13	Australia	1.75
14	Spain	1.72
15	Indonesia	1.40
16	Turkiye	1.32
17	Saudi Arabia	1.24
18	Netherlands	1.23
19	Switzerland	0.94
20	Poland	0.91
21	Belgium	0.66
22	Argentina	0.63
23	Sweden	0.61
24	Ireland	0.58
25	Singapore	0.55
26	Israel	0.54
27	United Arab Emirates	0.54
28	Thailand	0.53
29	Austria	0.52
30	Norway	0.48
31	Viet Nam	0.48
32	Philippines	0.46
33	Bangladesh	0.45
34	Iran	0.44
35	Denmark	0.43
36	Malaysia	0.42
37	Colombia	0.42
38	Hong Kong	0.41
39	Egypt	0.39
40	Romania	0.38
41	Pakistan	0.37
42	Czechia	0.35
43	Chile	0.33
44	Portugal	0.31
45	Finland	0.30
46	Peru	0.29
47	Kazakhstan	0.29
48	Iraq	0.28
49	Algeria	0.26
50	New Zealand	0.26
51	Greece	0.26
52	Hungary	0.22
53	Qatar	0.22
54	Ukraine	0.19
55	Nigeria	0.19
56	Kuwait	0.16
57	Morocco	0.15
58	Slovak Republic	0.14
59	Puerto Rico	0.13
60	Ecuador	0.12
61	Kenya	0.12
62	Dominican Republic	0.12
63	Uzbekistan	0.11
64	Guatemala	0.11
65	Bulgaria	0.11
66	Oman	0.11
67	Sri Lanka	0.10
68	Costa Rica	0.10
69	Luxembourg	0.09
70	Croatia	0.09
71	Serbia	0.09
72	Cote d’Ivoire	0.09
73	Panama	0.09
74	Lithuania	0.08
75	Ghana	0.08
76	Uruguay	0.08
77	Angola	0.08
78	Tanzania	0.08
79	Belarus	0.08
80	Azerbaijan	0.07
81	Myanmar	0.07
82	Slovenia	0.07
83	Congo	0.07
84	Turkmenistan	0.06
85	Uganda	0.05
86	Tunisia	0.05
87	Jordan	0.05
88	Cameroon	0.05
89	Macao	0.05
90	Sudan	0.05
91	Bolivia	0.05
92	Bahrain	0.05
93	Libya	0.05
94	Cambodia	0.05
95	Paraguay	0.04
96	Zimbabwe	0.04
97	Latvia	0.04
98	Nepal	0.04
99	Estonia	0.04
100	Honduras	0.04

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

What is the GDP of the United States?  

• The GDP of the United States is $29.18 trillion.

What is the GDP of China?  

• The GDP of China is $18.74 trillion.

What is the GDP of Germany?  

• The GDP of Germany is $4.66 trillion.

What is the GDP of Japan?  

• The GDP of Japan is $4.03 trillion.

What is the GDP of India?  

• The GDP of India is $3.91 trillion.

The detailed GDP by country 2025 ranking demonstrates the persistence of major economic leaders while also showcasing the rise of middle-tier economies. This comprehensive countries by GDP highlights important shifts in economic power, with emerging nations solidifying their roles on the global stage. Tracking GDP by country by year will be crucial for anticipating future changes in global economic leadership.

Building on the overview of total GDP figures, it is equally important to consider wealth distribution by examining the Top 20 countries by GDP per capita.

Global GDP rankings: How countries compare

Top 20 countries by GDP per capita

This chart highlights the richest countries when measured by GDP per capita, revealing which nations have the highest average economic output per person. The list includes diverse economies from small financial hubs to large developed countries. Understanding this perspective complements the broader countries by GDP rankings and offers insight into living standards.

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

• Bermuda tops the GDP ranking with a GDP per capita of $138,935, leading the world economies ranked by this metric.
• The United States ranks 7th, with a GDP per capita of $85,810, illustrating strong average wealth despite its large population.
• Germany, Canada, and Israel all appear in the countries ranked by GDP per capita list, with values ranging between $54,000 and $56,000.

Top 20 countries by GDP per capita

Country	GDP per capita, $
Bermuda	138,935
Luxembourg	137,517
Ireland	107,316
Switzerland	103,670
Singapore	90,674
Norway	86,810
United States	85,810
Iceland	82,704
Qatar	76,276
Macao	73,047
Denmark	71,852
Netherlands	68,219
Australia	64,407
Sweden	57,723
Austria	56,833
Belgium	55,955
Germany	55,800
Canada	54,283
Israel	54,177
Hong Kong	54,107

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

• Bermuda has the highest GDP per capita: $138,935.

The country GDP ranking by per capita values presents a different view of economic strength compared to total GDP, highlighting smaller nations with high wealth concentration. The world GDP ranking 2025 will continue to evolve as these figures reflect economic productivity and prosperity more accurately at the individual level. Monitoring the GDP ranking live helps track real-time shifts in global economic well-being.

Expanding from individual countries, it is insightful to analyze GDP aggregated by different groups of countries based on income and membership classifications.

List of countries by GDP per capita

Rank	Country	GDP per capita, $
1	Bermuda	138,935
2	Luxembourg	137,517
3	Ireland	107,316
4	Switzerland	103,670
5	Singapore	90,674
6	Norway	86,810
7	United States	85,810
8	Iceland	82,704
9	Qatar	76,276
10	Macao	73,047
11	Denmark	71,852
12	Netherlands	68,219
13	Australia	64,407
14	Sweden	57,723
15	Austria	56,833
16	Belgium	55,955
17	Germany	55,800
18	Canada	54,283
19	Israel	54,177
20	Hong Kong	54,107
21	Finland	53,189
22	United Kingdom	52,637
23	United Arab Emirates	49,378
24	Andorra	49,304
25	New Zealand	48,747
26	France	46,150
27	Malta	42,347
28	Italy	40,226
29	Sint Maarten	40,028
30	Bahamas, The	39,455
31	Puerto Rico	39,285
32	Cyprus	38,654
33	Turks and Caicos Islands	37,507
34	Spain	35,297
35	Saudi Arabia	35,057
36	Slovenia	34,089
37	Brunei Darussalam	33,418
38	Japan	32,476
39	Kuwait	32,214
40	Czech Republic	31,707
41	Estonia	31,170
42	Bahrain	30,048
43	Guyana	29,884
44	Lithuania	29,386
45	Portugal	28,844
46	Slovak Republic	26,148
47	Barbados	25,366
48	Poland	25,023
49	Greece	24,752
50	Croatia	23,931
51	Uruguay	23,907
52	Antigua and Barbuda	23,726
53	Latvia	23,368
54	Hungary	23,311
55	St. Kitts and Nevis	22,771
56	Oman	20,248
57	Romania	20,072
58	Trinidad and Tobago	19,315
59	Panama	19,103
60	Costa Rica	18,587
61	Seychelles	17,859
62	Bulgaria	17,412
63	Chile	16,710
64	Turkiye	15,473
65	Russian Federation	14,889
66	St. Lucia	14,182
67	Mexico	14,158
68	Kazakhstan	14,005
69	Argentina	13,858
70	Serbia	13,524
71	Nauru	13,422
72	China	13,303
73	Maldives	13,216
74	Montenegro	12,935
75	Mauritius	11,872
76	Grenada	11,872
77	Malaysia	11,867
78	St. Vincent and the Grenadines	11,501
79	Dominican Republic	10,876
80	Dominica	10,405
81	Brazil	10,280
82	Albania	10,012
83	North Macedonia	9,310
84	Georgia	9,194
85	Bosnia and Herzegovina	8,957
86	Turkmenistan	8,572
87	Armenia	8,501
88	Peru	8,452
89	Belize	8,430
90	Belarus	8,317
91	Gabon	8,219
92	Colombia	7,914
93	Botswana	7,695
94	Moldova	7,618
95	Marshall Islands	7,467
96	Suriname	7,431
97	Thailand	7,345
98	Kosovo	7,299
99	Azerbaijan	7,284
100	Jamaica	7,020

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

What is the GDP per capita of Bermuda?

• The GDP per capita of Bermuda is $138,935.

What is the GDP per capita of Luxembourg?

• The GDP per capita of Luxembourg is $137,517.

What is the GDP per capita of Ireland?

• The GDP per capita of Ireland is $107,316.

What is the GDP per capita of Switzerland?

• The GDP per capita of Switzerland is $103,670.

What is the GDP per capita of Singapore?

• The GDP per capita of Singapore is $90,674.

Economic profiles of county groups

GDP by groups of countries

This chart breaks down the global economy into income-based groups and international organizations, illustrating the economic scale of world economies ranked by group. The comparison highlights disparities between high-income, middle-income, and low-income countries, providing context for global development challenges. Additionally, understanding the GDP per capita by country within these groups further clarifies wealth distribution.

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

• High-income countries dominate with a combined GDP of $71.52 trillion, the largest segment among the GDP of nation groups.
• OECD members, a subset of high-income countries, account for $67.69 trillion, reflecting their significant economic influence.
• Low-income countries contribute only $0.47 trillion, highlighting the stark economic gap revealed by GDP per capita ranking metrics.

GDP by groups of countries

Countries group	GDP, $ trillion
High-income	71.52
OECD members	67.69
Middle-income	38.75
Low-income	0.47

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

The aggregated GDP figures by country groups emphasize the concentration of economic power in wealthier nations, while middle and low-income groups lag significantly behind. This distribution is consistent with the list of countries by GDP per capita and the list of countries by GDP PPP per capita statistics, which underscore disparities in global prosperity. Such data is crucial for understanding international economic dynamics and targeting development efforts.

Following the analysis of GDP by country groups, examining the GDP per capita by groups of countries offers deeper insight into average economic well-being within these segments.

GDP per capita by groups of countries

This chart presents GDP per capita values segmented by income and organizational groups, highlighting disparities in individual wealth across the globe. High-income and OECD member countries show significantly higher GDP per capita compared to middle and low-income groups. These figures enrich our understanding of global economic inequality beyond total GDP values.

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

• High-income countries have an average GDP per capita of $50,443.93, reflecting their strong economic performance.
• OECD members closely follow with a GDP per capita of $48,454.70, underscoring their developed economies.
• Low-income countries have a markedly lower GDP per capita at $746.93, indicating significant economic challenges.

The level of GDP in different country groups

Countries group	GDP per capita, $
High-income	50,443.93
OECD members	48,454.70
Middle-income	6,524.26
Low-income	746.93

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

The GDP per capita by groups of countries data reveals stark contrasts in average income levels between wealthy and poorer nations. This complements earlier findings on overall GDP distribution and highlights persistent global economic inequalities. Understanding these differences is essential for shaping policies aimed at equitable economic development.

To better understand the global economic landscape, it’s important to examine how different regions compare in terms of total GDP.

GDP by world regions

GDP distribution by regions

The following chart ranks global regions by their total Gross Domestic Product (GDP) in trillions of U.S. dollars.

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

• East Asia & Pacific leads all regions with a GDP of $31.88 trillion, slightly surpassing North America at $31.44 trillion.
• The EU GDP contributes $19.42 trillion to the global economy.
• Sub-Saharan Africa and South Africa combined generate less than $2.5 trillion, highlighting a significant regional disparity.

Rankings of regions by GDP

Rank	Region	GDP, $ trillion
1	East Asia & Pacific	31.88
2	North America	31.44
3	European Union	19.42
4	Latin America & Caribbean	7.31
5	Middle East, North Africa, Afghanistan & Pakistan	5.03
6	South Asia	4.51
7	Central Europe and the Baltics	2.46
8	Sub-Saharan Africa	1.96
9	South Africa	0.40

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

This data reveals clear regional imbalances in global economic output. High-income regions such as East Asia & Pacific, North America, and the European Union collectively account for over 75% of the world’s GDP. Meanwhile, developing regions like Sub-Saharan Africa and South Asia lag significantly behind in economic output. These disparities underscore the importance of targeted investment, infrastructure development, and inclusive growth strategies in lower-income regions.

While total GDP offers insight into regional economic power, GDP per capita provides a clearer view of individual prosperity within each region.

GDP per capita by world regions

GDP per capita distribution by regions

The following dataset ranks world regions by GDP per capita in U.S. dollars, highlighting differences in average income levels across the globe.

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

• North America ranks first with a GDP per capita of $82,406, nearly double that of the European Union at $43,145.
• Central Europe and the Baltics lead among emerging regions with $24,543 per capita.
• Sub-Saharan Africa records the lowest GDP per capita at just $1,516, reflecting a sharp global disparity in wealth distribution.

The rank of regions by GDP per capita

Rank	Region	GDP per capita, $
1	North America	82,406
2	European Union	43,145
3	Central Europe and the Baltics	24,543
4	East Asia & Pacific	13,349
5	Latin America & Caribbean	11,045
6	South Africa	6,253
7	Middle East, North Africa, Afghanistan & Pakistan	6,181
8	South Asia	2,692
9	Sub-Saharan Africa	1,516

Data taken from: World Bank – https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=¹

The data reveals pronounced economic inequality between regions, with North America and the European Union far ahead in terms of average wealth. The difference between the highest and lowest regional GDP per capita exceeds $80,000. Middle- and lower-income regions, including South Asia, Sub-Saharan Africa, and parts of the Middle East, face substantial challenges in closing the income gap. These figures emphasize the need for inclusive economic policies and international cooperation to address systemic development barriers.

Conclusions

• In 2024, global GDP surpassed $111 trillion, reflecting both the resilience of major economies and the steady rise of emerging markets. The United States and China continue to dominate the economic landscape, but countries like India and Brazil are rapidly gaining ground.
• While total GDP remains concentrated in high-income nations, per capita analysis reveals a more complex picture, where smaller economies like Luxembourg, Bermuda, and Singapore outperform in individual wealth metrics. This duality highlights the importance of evaluating both scale and distribution when assessing economic strength.
• The top 20 economies alone account for over 80% of global GDP, underscoring persistent global economic concentration. However, increased representation from middle-income nations points to a gradual shift toward more diversified economic influence.
• Regional disparities remain stark. For example, North America’s GDP per capita is more than $80,000 higher than Sub-Saharan Africa’s, exposing enduring gaps in development and opportunity that influence global policy agendas.
• Ultimately, the global economic order is evolving, shaped by population growth, innovation, trade realignment, and demographic shifts. Understanding GDP dynamics by country, region, and group classification is now essential for forecasting global trends and making informed decisions.

Sources

1. “World Bank Open Data.” World Bank Open Data, https://databank.worldbank.org/reports.aspx?source=2&series=NY.GDP.MKTP.CD&country=. Accessed 25 July 2025. Accessed 25 July 2025.