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Projected GDP Ranking

Source International Monetary Fund World Economic Outlook (October - 2020)
Date20 Nov 2020
Top Statistics
Coronavirus Pandemic (COVID-19)
United States vs China by population
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As of 2020, the United States and China would occupy the first two places in the world gdp ranking of both methods. The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2020 (1.85%) is much higher than the US's -4.27%. On a nominal basis, the US is ahead of China by $5.59 trillion in 2020 compared to $6.70 trillion in 2019. On a ppp basis, China has overtaken the US in 2016 and ahead by Int. $3.36 trillion, and the gap is increasing. China will remain the world's largest economy on a ppp basis over the next few decades as 2nd ranked US is growing slow and 3rd ranked India is way behind.

In nominal gdp list, 3rd biggest Japan and 4th biggest Germany would remain stable. The United Kingdom might overtake India for 5th place. Korea will replace Brazil in the top 10 list. Brazil's rank will be down by three positions as Canada, Korea, and Russia will surpass it. Other changes in the top 20 would be Australia overtaking Spain, Indonesia overtaking Mexico, and Switzerland overtaking Saudi Arabia and Turkey. Among the top 50, Egypt's Economic rank would move up by nine positions, and the United Arab Emirates would lose five places.

In ppp ranking, Brazil will surpass the United Kingdom and France. Other changes in the top 20 would be Mexico overtaking Italy and Canada overtaking Spain. Egypt will enter the top 20 lists replacing Thailand. Vietnam would up by four positions in the global ranking.

In the list of top 50, five economies will experience a positive growth rate in 2020. Bangladesh is the fastest growing economy with 3.80%, followed by Egypt, China, Vietnam, and Taiwan. Peru has the lowest growth rate of -13.94%, followed by Spain. Among the top 10 largest economies, China is the only economy with a positive gdp growth rate, followed by Korea with the 2nd best figure of -1.88%. Italy and India will see a double-digit contraction.

United States (1,5) is present in both lists of the top ten GDP and GDP per capita ranking at nominal terms. Germany (4,15), Canada (9,18), Australia (13,10), Netherlands (17,11), and Switzerland (18,2) are in the top twenty list of GDP and GDP per capita ranking. In PPP, United States (2,7) is present in the top ten of both rankings. Germany (5,18) and Australia (18,20) are in the top twenty list.

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GDP (Nominal) Ranking
Country/Economy GDP (Nominal) (billions of $) Growth (%) GDP per capita (Nominal) ($) Continent
2019Rank2020RankShare (%)diff 20202020Rank
Pakistan276.1145262.80450.3132.14-0.3851,260160Asia
United States21,433.23120,807.27124.8--4.2763,0515North America
China14,731.81215,222.16218.25,5851.8510,83964Asia
Japan5,079.9234,910.5835.8610,312-5.2739,04823Asia
Germany3,861.5543,780.5544.511,130-5.9845,46615Europe
United Kingdom2,830.7662,638.3053.151,142-9.7639,22922Europe
India2,868.9352,592.5863.0945.7-10.291,877148Asia
France2,715.8272,551.4573.0441.1-9.7639,25721Europe
Italy2,001.4781,848.2282.20703-10.6530,65727Europe
Canada1,736.43101,600.2691.91248-7.1442,08018North America
Korea1,646.74121,586.79101.8913.5-1.8830,64428Asia
Russia1,702.50111,464.08111.75123-4.129,97266Europe
Brazil1,839.0891,363.77121.63100-5.806,45088South America
Australia1,387.09141,334.69131.5929.1-4.1651,88510Oceania
Spain1,394.27131,247.46141.4987.2-12.8326,83233Europe
Indonesia1,120.14161,088.77151.30159-1.504,038114Asia
Mexico1,258.21151,040.37161.2448.4-8.958,06976North America
Netherlands907.1517886.34171.06154-5.4051,29011Europe
Switzerland704.8320707.87180.844178-5.3081,8672Europe
Saudi Arabia792.9718680.90190.81227.0-5.4419,58744Asia
Turkey760.9419649.44200.77531.5-4.997,71578Europe
Taiwan Province of China610.6921635.55210.75813.90.0526,91032Asia
Islamic Republic of Iran583.7023610.66220.72824.9-4.997,25783Asia
Poland592.4022580.89230.69329.8-3.5615,30452Europe
Sweden530.8825529.05240.63151.8-4.7250,33912Europe
Thailand543.5624509.20250.60719.9-7.157,29582Asia
Belgium529.6726503.42260.6005.78-8.2643,81417Europe
Nigeria448.1227442.98270.52860.4-4.282,149142Africa
Austria446.3128432.89280.51610.1-6.7248,63413Europe
Ireland398.4732399.06290.47633.8-3.0079,6693Europe
Israel394.6533383.43300.45715.6-5.8941,56020Asia
Argentina444.4629382.76310.4570.67-11.788,43374South America
Philippines376.8034367.36320.43815.4-8.263,373125Asia
Norway403.3431366.39330.4370.98-2.8367,9894Europe
Egypt302.3443361.88340.4324.513.553,561120Africa
United Arab Emirates421.1430353.90350.4227.98-6.5731,94826Asia
Hong Kong SAR365.7136341.32360.40712.6-7.4745,17616Asia
Vietnam329.5440340.60370.4060.721.603,498121Asia
Denmark347.0339339.63380.4050.98-4.5058,4397Europe
Singapore372.0735337.45390.4022.17-6.0058,4846Asia
Malaysia364.6837336.33400.4011.12-6.0010,19265Asia
Bangladesh302.5342317.77410.37918.63.801,888147Asia
South Africa351.3538282.59420.33735.2-8.004,73699Africa
Finland269.3346267.86430.31914.7-3.9848,46114Europe
Colombia323.5641264.93440.3162.92-8.185,20795South America
Romania250.0848248.62460.29714.2-4.8012,81359Europe
Chile282.2544245.41470.2933.21-6.0012,61260South America
Czech Republic250.6847241.98480.2893.44-6.5022,62739Europe
Portugal237.7149221.72490.26420.3-10.0021,60841Europe
Peru230.7450195.76500.23326.0-13.945,84591South America
World 87,552 83,845 -4.3610,954
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GDP (PPP) Ranking
Country/Economy GDP (PPP) (billions of Int. $) Growth (%) GDP per capita (PPP) (Int. $) Continent
2019Rank2020RankSharediff 20202020Rank
China23,393.00124,162.44118.6 %-1.8517,20677Asia
United States21,433.23220,807.27216.0 %3,355-4.2763,0517North America
India9,542.2638,681.3036.67 %12,126-10.296,284129Asia
Japan5,450.6545,236.1444.02 %3,445-5.2741,63731Asia
Germany4,672.0154,454.5053.42 %782-5.9853,57118Europe
Russia4,135.9964,021.7363.09 %433-4.1227,39454Europe
Indonesia3,331.8773,328.2972.56 %693-1.5012,34599Asia
Brazil3,222.99103,078.9082.36 %249-5.8014,56387South America
United Kingdom3,254.8582,978.5692.29 %100-9.7644,28828Europe
France3,228.0492,954.20102.27 %24.4-9.7645,45426Europe
Mexico2,625.90122,424.51111.86 %530-8.9518,80471North America
Italy2,665.52112,415.41121.86 %9.10-10.6540,06634Europe
Turkey2,471.66132,381.59131.83 %33.8-4.9928,29452Europe
Korea2,304.83142,293.48141.76 %88.1-1.8844,29227Asia
Canada1,921.00161,809.00151.39 %484-7.1447,56924North America
Spain2,006.05151,773.36161.36 %35.6-12.8338,14339Europe
Saudi Arabia1,677.38171,608.61171.24 %165-5.4446,27325Asia
Australia1,345.68181,307.92181.00 %301-4.1650,84520Oceania
Egypt1,230.83221,292.48190.993 %15.43.5512,71996Africa
Poland1,309.45201,280.66200.984 %11.8-3.5633,73943Europe
Taiwan Province of China1,257.45211,275.81210.980 %4.850.0554,02017Asia
Thailand1,339.64191,261.49220.969 %14.3-7.1518,07374Asia
Vietnam1,016.48281,047.32240.804 %28.91.6010,755111Asia
Nigeria1,075.69231,044.21250.802 %3.11-4.285,066144Africa
Islamic Republic of Iran1,044.82251,006.70260.773 %37.5-4.9911,963104Asia
Netherlands1,028.5827986.77270.758 %19.9-5.4057,10113Europe
Philippines1,003.8529933.91280.717 %52.9-8.268,574120Asia
Argentina1,033.4626924.54290.710 %9.37-11.7820,37066South America
Malaysia944.5730900.43300.692 %24.1-6.0027,28755Asia
Bangladesh869.0431864.88310.664 %35.53.805,139142Asia
Colombia772.4432719.25320.552 %146-8.1814,13790South America
South Africa761.8233710.77330.546 %8.48-8.0011,911105Africa
United Arab Emirates683.5234647.65340.497 %63.1-6.5758,46610Asia
Switzerland615.3136590.90350.454 %56.8-5.3068,3405Europe
Romania605.7937584.85360.449 %6.05-4.8030,14148Europe
Belgium618.9335575.81370.442 %9.04-8.2650,11421Europe
Singapore578.6738551.63380.424 %24.2-6.0095,6032Asia
Sweden570.7539551.52390.424 %0.11-4.7252,47719Europe
Ukraine560.9840527.93400.406 %23.6-7.2012,71097Europe
Kazakhstan508.5043501.79410.385 %26.1-2.6926,58957Asia
Austria521.3441493.17420.379 %8.62-6.7255,40615Europe
Algeria509.3142488.29430.375 %4.88-5.4611,041109Africa
Chile478.7744456.39440.351 %31.9-6.0023,45561South America
Ireland455.1746447.72450.344 %8.67-3.0089,3834Europe
Hong Kong SAR468.3045439.46460.338 %8.26-7.4758,16511Asia
Czech Republic454.4347430.89470.331 %8.57-6.5040,29333Europe
Iraq447.8748399.40480.307 %31.5-12.069,952116Asia
Peru441.9649385.72490.296 %13.7-13.9411,516107South America
Israel378.2050360.97500.277 %24.7-5.8939,12635Asia
Pakistan1,065.37241,076.26230.827 %185-0.395,160141Asia
World 134,557 130,187 -4.3617,007
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