See the below image for the Relative sizes of countries gdp diagram. World’s GDP is $80,934,771,028,340 ( nominal, 2017). See also: GDP per Capita. #. Country. GDP. (nominal, 2017) GDP. (abbrev.) GDP.
Only 17 countries have a GDP figure of at least $1T. One of the most interesting things to do with this type of visual is to compare how it changes from year to year. India’s economy continued to grow and surpassed both the United Kingdom and France in 2019 to become the fifth largest in the world at $2.88T.
GDP is popularly used to estimate the size of a country’s economy. GDP is most commonly measured by using the expenditure method, which calculates GDP by adding up spending on new consumer goods, new investment spending, government spending, and the value of net exports (exports minus imports).