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The gross domestic product of India was estimated at 24.4% of the world's economy in 1500, 22.4% in 1600, 16% in 1820, and 12.1% in 1870. India's share of global GDP declined to less than 2% of global GDP by the time of its independence in 1947, and only rose gradually after the liberalization of its economy beginning in the 1990s.
The economy of Canada is a highly developed mixed economy, [33] [34] [35] the world's ninth-largest as of 2024, and a nominal GDP of approximately US$2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [36] In 2021, Canadian trade in goods and services reached $2.016 trillion. [37]
In 2024, Canada ranked fourth in the world in U.S. News & World Report's Best Countries rankings, with an overall indexed score of 94.1 out of 100: Canada's strong ranking was due to its performance in several categories. [2] Canada has been ranked in the top five countries by U.S. News for the past four years.
Historically, the United States was consistently year after year the world's largest economy since the early twentieth century. However, the report from 2014 showed that for the very first time China overtook the United States as the largest economy in the world taking into account purchasing power parity (PPP). Indeed, the margin of power ...
The following lists show the latest figures for GDP and GDP per capita. Most figures are 2024 data from the International Monetary Fund; figures for dependent territories (both GDP [1] [2] and GDP per capita [3]) are 2024 data from the United Nations. Figures from other sources and years are noted as such.
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
Note: The figures for the dependent territories are slightly outdated (e.g. the GDP per capita figure for the Cayman Islands is from 2004), therefore they may not be easily compared with more recent figures for sovereign states. Pie chart showing member countries by share of GDP (PPP) within the Commonwealth in 2018.
At exchange rates, the global economic output expanded by US$32.0 trillion from 2000 to 2010. At purchasing power parity , the global economic output expanded by US$39.1 trillion from 2000 to 2010. IMF's economic outlook for 2010 noted that banks faced a "wall" of maturing debt, which presents important risks for the normalization of credit ...