United States share of global gross domestic product (GDP) 2024

United States' share of global gross domestic product (GDP) adjusted for purchasing power parity (PPP) from 2014 to 2024

by H. Plecher, last edited Jun 4, 2019
United States share of global gross domestic product (GDP) 2024 In 2018, the United States accounted for 15.16 percent of global gross domestic product (GDP) after adjusting for purchasing power parity (PPP). This share was expected to decrease to 13.71 percent by 2024, which is roughly a seventh of the global total.
What is PPP?

The easiest way to understand purchasing power parity is the Big Mac Index, a measure developed by The Economist. The index tracks the price of the McDonald’s Big Mac burger, sold at each of its thousands of restaurants worldwide. Countries where the Big Mac is most expensive have higher purchasing power, meaning one can buy more for each unit of that currency. To calculate PPP, economists use a group of goods to calculate the ratio of the price of this group in each country. This ratio is then used to convert all countries into a standardized price level, on parity with each other.

Why use PPP?

A U.S. dollar in the United States does not have the same purchasing power as a dollar in China, even after considering the exchange rate. For this reason, adjusting for PPP gives an idea of what the rest of the world could buy in the United States, if prices were the same as in their home country. However, some economists argue that using PPP for comparisons between countries is inaccurate because it changes the price level differently for each country. Still, because it accounts not only for country-specific effects but also inflation and exchange rate fluctuations, PPP is a very popular metric.
Show more

United States' share of global gross domestic product (GDP) adjusted for purchasing power parity (PPP) from 2014 to 2024

Loading statistic...
Share of global GDP
2024*13.71%
2023*13.98%
2022*14.26%
2021*14.52%
2020*14.78%
2019*15.03%
201815.16%
201715.26%
201615.48%
201515.74%
201415.81%
Share of global GDP
2024*13.71%
2023*13.98%
2022*14.26%
2021*14.52%
2020*14.78%
2019*15.03%
201815.16%
201715.26%
201615.48%
201515.74%
201415.81%
Download Settings Share
Download started
Please be patient - this may take a moment
by H. Plecher, last edited Jun 4, 2019
In 2018, the United States accounted for 15.16 percent of global gross domestic product (GDP) after adjusting for purchasing power parity (PPP). This share was expected to decrease to 13.71 percent by 2024, which is roughly a seventh of the global total.
What is PPP?

The easiest way to understand purchasing power parity is the Big Mac Index, a measure developed by The Economist. The index tracks the price of the McDonald’s Big Mac burger, sold at each of its thousands of restaurants worldwide. Countries where the Big Mac is most expensive have higher purchasing power, meaning one can buy more for each unit of that currency. To calculate PPP, economists use a group of goods to calculate the ratio of the price of this group in each country. This ratio is then used to convert all countries into a standardized price level, on parity with each other.

Why use PPP?

A U.S. dollar in the United States does not have the same purchasing power as a dollar in China, even after considering the exchange rate. For this reason, adjusting for PPP gives an idea of what the rest of the world could buy in the United States, if prices were the same as in their home country. However, some economists argue that using PPP for comparisons between countries is inaccurate because it changes the price level differently for each country. Still, because it accounts not only for country-specific effects but also inflation and exchange rate fluctuations, PPP is a very popular metric.
Show more
Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
Related Studies: Available to Download in PDF or PPTX Format
Gross Domestic Product (GDP) of the U.S.
Gross Domestic Product (GDP) of the U.S.

All Information
in one Presentation

Gross Domestic Product (GDP) of the U.S.

Everything On "Gross Domestic Product (GDP) of the U.S." in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Other Reports & Dossiers
Statista has been my savior on several occasions. The site is easy to maneuver and the data is in a format that can go right into a report or presentation.
Marlene Greenfield

Marlene Greenfield
Vice President, Hearst Magazines

Statistics on "Gross Domestic Product (GDP) of the U.S."
  • Overview
  • GDP by sector and industry
  • GDP by state
  • GDP by metropolitan area
  • International comparison
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.