Top Heavy: Countries by Share of the Global Economy

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Countries by Share of the Global Economy

As 2022 comes to a close we can recap many historic milestones of the year, like the Earth’s population hitting 8 billion and the global economy surpassing $100 trillion.

In this chart, we visualize the world’s GDP using data from the IMF, showcasing the biggest economies and the share of global economic activity that they make up.

Gross Domestic Product (GDP) is a broad indicator of the economic activity within a country. It measures the total value of economic output—goods and services—produced within a given time frame by both the private and public sectors.

The GDP Heavyweights

The global economy can be thought of as a pie, with the size of each slice representing the share of global GDP contributed by each country. Currently, the largest slices of the pie are held by the United States, China, Japan, Germany, and India, which together account for more than half of global GDP.

Here’s a look at every country’s share of the world’s $101.6 trillion economy:

Rank	Country	GDP (Billions, USD)
#1	United States	$25,035.2
#2	China	$18,321.2
#3	Japan	$4,300.6
#4	Germany	$4,031.1
#5	India	$3,468.6
#6	United Kingdom	$3,198.5
#7	France	$2,778.1
#8	Canada	$2,200.4
#9	Russia	$2,133.1
#10	Italy	$1,997.0
#11	Iran	$1,973.7
#12	Brazil	$1,894.7
#13	South Korea	$1,734.2
#14	Australia	$1,724.8
#15	Mexico	$1,424.5
#16	Spain	$1,389.9
#17	Indonesia	$1,289.4
#18	Saudi Arabia	$1,010.6
#19	Netherlands	$990.6
#20	Turkey	$853.5
#21	Taiwan	$828.7
#22	Switzerland	$807.4
#23	Poland	$716.3
#24	Argentina	$630.7
#25	Sweden	$603.9
#26	Belgium	$589.5
#27	Thailand	$534.8
#28	Israel	$527.2
#29	Ireland	$519.8
#30	Norway	$504.7
#31	Nigeria	$504.2
#32	United Arab Emirates	$503.9
#33	Egypt	$469.1
#34	Austria	$468.0
#35	Bangladesh	$460.8
#36	Malaysia	$434.1
#37	Singapore	$423.6
#38	Vietnam	$413.8
#39	South Africa	$411.5
#40	Philippines	$401.7
#41	Denmark	$386.7
#42	Pakistan	$376.5
#43	Hong Kong SAR	$368.4
#44	Colombia	$342.9
#45	Chile	$310.9
#46	Romania	$299.9
#47	Czech Republic	$295.6
#48	Iraq	$282.9
#49	Finland	$281.4
#50	Portugal	$255.9
#51	New Zealand	$242.7
#52	Peru	$239.3
#53	Kazakhstan	$224.3
#54	Greece	$222.0
#55	Qatar	$221.4
#56	Algeria	$187.2
#57	Hungary	$184.7
#58	Kuwait	$183.6
#59	Morocco	$142.9
#60	Angola	$124.8
#61	Puerto Rico	$118.7
#62	Ecuador	$115.5
#63	Kenya	$114.9
#64	Slovakia	$112.4
#65	Dominican Republic	$112.4
#66	Ethiopia	$111.2
#67	Oman	$109.0
#68	Guatemala	$91.3
#69	Bulgaria	$85.0
#70	Luxembourg	$82.2
#71	Venezuela	$82.1
#72	Belarus	$79.7
#73	Uzbekistan	$79.1
#74	Tanzania	$76.6
#75	Ghana	$76.0
#76	Turkmenistan	$74.4
#77	Sri Lanka	$73.7
#78	Uruguay	$71.2
#79	Panama	$71.1
#80	Azerbaijan	$70.1
#81	Croatia	$69.4
#82	Côte d’Ivoire	$68.6
#83	Costa Rica	$68.5
#84	Lithuania	$68.0
#85	Democratic Republic of the Congo	$63.9
#86	Serbia	$62.7
#87	Slovenia	$62.2
#88	Myanmar	$59.5
#89	Uganda	$48.4
#90	Jordan	$48.1
#91	Tunisia	$46.3
#92	Cameroon	$44.2
#93	Bahrain	$43.5
#94	Bolivia	$43.4
#95	Sudan	$42.8
#96	Paraguay	$41.9
#97	Libya	$40.8
#98	Latvia	$40.6
#99	Estonia	$39.1
#100	Nepal	$39.0
#101	Zimbabwe	$38.3
#102	El Salvador	$32.0
#103	Papua New Guinea	$31.4
#104	Honduras	$30.6
#105	Trinidad and Tobago	$29.3
#106	Cambodia	$28.3
#107	Iceland	$27.7
#108	Yemen	$27.6
#109	Senegal	$27.5
#110	Zambia	$27.0
#111	Cyprus	$26.7
#112	Georgia	$25.2
#113	Bosnia and Herzegovina	$23.7
#114	Macao SAR	$23.4
#115	Gabon	$22.2
#116	Haiti	$20.2
#117	Guinea	$19.7
#118	West Bank and Gaza	$18.8
#119	Brunei	$18.5
#120	Mali	$18.4
#121	Burkina Faso	$18.3
#122	Albania	$18.3
#123	Botswana	$18.0
#124	Mozambique	$17.9
#125	Armenia	$17.7
#126	Benin	$17.5
#127	Malta	$17.2
#128	Equatorial Guinea	$16.9
#129	Laos	$16.3
#130	Jamaica	$16.1
#131	Mongolia	$15.7
#132	Nicaragua	$15.7
#133	Madagascar	$15.1
#134	Guyana	$14.8
#135	Niger	$14.6
#136	Republic of Congo	$14.5
#137	North Macedonia	$14.1
#138	Moldova	$14.0
#139	Chad	$12.9
#140	The Bahamas	$12.7
#141	Namibia	$12.5
#142	Rwanda	$12.1
#143	Malawi	$11.6
#144	Mauritius	$11.5
#145	Mauritania	$10.1
#146	Tajikistan	$10.0
#147	Kyrgyzstan	$9.8
#148	Kosovo	$9.2
#149	Somalia	$8.4
#150	Togo	$8.4
#151	Montenegro	$6.1
#152	Maldives	$5.9
#153	Barbados	$5.8
#154	Fiji	$4.9
#155	South Sudan	$4.8
#156	Eswatini	$4.7
#157	Sierra Leone	$4.1
#158	Liberia	$3.9
#159	Djibouti	$3.7
#160	Burundi	$3.7
#161	Aruba	$3.5
#162	Andorra	$3.3
#163	Suriname	$3.0
#164	Bhutan	$2.7
#165	Belize	$2.7
#166	Lesotho	$2.5
#167	Central African Republic	$2.5
#168	Timor-Leste	$2.4
#169	Eritrea	$2.4
#170	The Gambia	$2.1
#171	Cabo Verde	$2.1
#172	Seychelles	$2.0
#173	St. Lucia	$2.0
#174	Antigua and Barbuda	$1.7
#175	Guinea-Bissau	$1.6
#176	San Marino	$1.6
#177	Solomon Islands	$1.6
#178	Comoros	$1.2
#179	Grenada	$1.2
#180	St. Kitts and Nevis	$1.1
#181	Vanuatu	$1.0
#182	St. Vincent and the Grenadines	$1.0
#183	Samoa	$0.83
#184	Dominica	$0.60
#185	São Tomé and Príncipe	$0.51
#186	Tonga	$0.50
#187	Micronesia	$0.43
#188	Marshall Islands	$0.27
#189	Palau	$0.23
#190	Kiribati	$0.21
#191	Nauru	$0.13
#192	Tuvalu	$0.06
#193	Ukraine	Data not available
Total World GDP	$101,559.3

Just five countries make up more than half of the world’s entire GDP in 2022: the U.S., China, Japan, India, and Germany. Interestingly, India replaced the UK this year as a top five economy.

Adding on another five countries (the top 10) makes up 66% of the global economy, and the top 25 countries comprise 84% of global GDP.

The World’s Smallest Economies

The rest of the world — the remaining 167 nations — make up 16% of global GDP. Many of the smallest economies are islands located in Oceania.

Here’s a look at the 20 smallest economies in the world:

Country	GDP (Billions, USD)
Tuvalu	$0.06
Nauru	$0.13
Kiribati	$0.21
Palau	$0.23
Marshall Islands	$0.27
Micronesia	$0.43
Tonga	$0.50
São Tomé and Príncipe	$0.51
Dominica	$0.60
Samoa	$0.83
St. Vincent and the Grenadines	$0.95
Vanuatu	$0.98
St. Kitts and Nevis	$1.12
Grenada	$1.19
Comoros	$1.24
Solomon Islands	$1.60
San Marino	$1.62
Guinea-Bissau	$1.62
Antigua and Barbuda	$1.69
St. Lucia	$1.97

Tuvalu has the smallest GDP of any country at just $64 million. Tuvalu is one of a dozen nations with a GDP of less than one billion dollars.

The Global Economy in 2023

Heading into 2023, there is much economic uncertainty. Many experts are anticipating a brief recession, although opinions differ on the definition of “brief”.

Some experts believe that China will buck the trend of economic downturn. If this prediction comes true, the country could own an even larger slice of the global GDP pie in the near future.

Speaking of predictions, we’re creating the ultimate cheatsheet for 2023.
See what hundreds of experts are predicting for 2023 with our Global Forecast Series.

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