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Countries with the largest gross domestic product (GDP) 2020

The statistic shows the 20 countries with the largest gross domestic product (GDP) in 2020. In 2020, Turkey ranked 20th with an estimated GDP of about 649.44 billion U.S. dollars.

Global gross domestic product

Global gross domestic product (GDP) amounts to almost 75 trillion U.S. dollars, with the United States making up more than 18 percent of it alone. Interestingly enough, China, one of the BRIC-states, is following closely. The BRIC- states (Brazil, Russia, India and China) are the four major emerging countries (click here for further information). It is also estimated that China will report the highest GDP in 2030, thus replacing the United States at the top.

The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Both industrialized and emerging countries account for approximately 50 percent of global gross domestic product each.

The 20 countries with the largest gross domestic product (GDP) in 2020

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Source

Release date

October 2020

Region

Worldwide

Survey time period

2020

Supplementary notes

Figures have been estimated.

For the purpose of clarity, figures have been rounded.

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Statistics on "Global economy"

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