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[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
GDP (PPP) means gross domestic product based on purchasing power parity. This article includes a list of countries by their forecast estimated GDP (PPP). [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.
This is an alphabetical list of countries by past and projected gross domestic product (nominal) as ranked by the IMF. Figures are based on official exchange rates, not on the purchasing power parity (PPP) methodology. Values are given in millions of United States dollars (USD) and have not been adjusted for inflation.
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 second list shows the World Bank's estimates, and the third list includes mostly 2024 estimates from the CIA World Factbook. In these lists, the sovereign states and dependent territories are classified according to the geoscheme created by the United Nations Statistics Division . [ 1 ]
The share of the shadow economy is significant in many European countries, ranging from less than 10 to over 40 per cent of GDP. [11] Since 2014, EU member states have been encouraged by Eurostat, the official statistics body, to include some illegal activities.
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [ 1 ] This list is not to be confused with the list of countries by real GDP per capita growth , which is the percentage change of GDP per person taking into account the changing population of the country .
(Top) 1 By economic sector. ... Nominal GDP sector composition (November 2024) ... World 5.7 3.1 0.5 1 1 0.2 List by alphabetical order