GDP, largest economies, 1960 to 2025
GDP, largest economies stood at $30.77T in 2025, up 5.0% on the previous period.
Gross domestic product of the five largest economies, in current US dollars, from the World Bank's World Development Indicators (indicator NY.GDP.MKTP.CD). GDP is the market value of everything an economy produces in a year; the World Bank compiles it from each country's national accounts and converts it to dollars at market exchange rates, with no inflation adjustment. That makes this series a measure of economic weight in world markets rather than living standards: it moves with real growth, but also with domestic inflation and with each currency's exchange rate against the dollar.
The 2024 readings: United States $28.8 trillion, China $18.7 trillion, Germany $4.7 trillion, Japan $4.0 trillion, India $3.9 trillion. The gap that matters most, China against the United States, narrowed for three decades before widening again in the early 2020s, and the next tier is a three-way race: India passed Japan into fourth place in the latest readings.
Why nominal GDP instead of PPP?
Why do the lines move with exchange rates?
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