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2020 Top 50 Largest Economy in the World by GDP

Caproasia Institute releases the data for the Top 50 Largest Economy in The World by GDP for 2020.  Find out more below:

Which are the top 50 largest economy in the world in 2020?  What is the size of their economy?  What is their GDP?  What is the size of the economy of United States and China in 2020?  How big is the top 50 largest economy in the world in 2020?

  • Which are the top 50 largest economy in the world in 2020?
  • What is the size of their economy?
  • What is their GDP?
  • What is the size of the economy of United States and China in 2020?
  • How big is the top 50 largest economy in the world in 2020?

GDP stands for Gross Domestic Product.  GDP calculates the value of all products & services produced by a country.  It also represents the total economy or economic output of a country.


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” In 2020, the total global economy (GDP) is around $87.7 trillion “

 

Top 3: United States, China, Japan (46.54%)

New York City, United States

In 2020, the total global economy (GDP) is around $87.7 trillion.

The largest economy is United States with $21.4 trillion GDP, representing 24.41% (almost a quarter) of global GDP in 2020.  The 2nd largest economy is China with $14.3 trillion, representing 16.34% of global GDP.  The 3rd largest economy is Japan with $5.08 trillion, representing 5.79% of global GDP.

  1. United States: $21.4 trillion
  2. China: $14.3 trillion
  3. Japan: $5.08 trillion

Both United States and China combined for a total GDP of $35.7 trillion, representing 40.75% of global GDP.

The top 3 largest economy in 2020 – United States, China and Japan combined for a total GDP of $40.78 trillion, representing 46.54% of global GDP.

 

Top 5: Germany & India (54.21%)

Germany, 4th largest economy by GDP in 2020

The 4th largest economy is Germany with $3.86 trillion, representing 4.40% of global GDP.  The 5th largest economy is India with $2.86 trillion, representing 3.27% of global GDP.

  1. United States: $21.4 trillion
  2. China: $14.3 trillion
  3. Japan: $5.08 trillion
  4. Germany: $3.86 trillion
  5. India: $2.86 trillion

The top 5 largest economy in 2020 – United States, China, Japan, Germany and India combined for a total GDP of $47.5 trillion, representing 54.21% (more than half) of global GDP.

 

Top 10: UK, France, Italy, Brazil, Canada (66.87%)

The 6th largest economy is United Kingdom with $2.82 trillion, representing 3.22% of global GDP.  The 7th largest economy is France with $2.71 trillion, representing 3.09% of global GDP.  The 8th largest economy is Italy with $2 trillion, representing 2.28% of global GDP.

The 9th largest economy is Brazil with $1.83 trillion, representing 2.10% of global GDP.  The 10th largest economy is Canada with $1.73 trillion, representing 1.98% of global GDP.

  1. United States: $21.4 trillion
  2. China: $14.3 trillion
  3. Japan: $5.08 trillion
  4. Germany: $3.86 trillion
  5. India: $2.86 trillion
  6. United Kingdom: $2.82 trillion
  7. France: $2.71 trillion
  8. Italy: $2 trillion
  9. Brazil: $1.83 trillion
  10. Canada: $1.73 trillion

The top 10 largest economy in 2020 – United States, China, Japan, Germany and India, United Kingdom, France, Italy, Brazil and Canada combined for a total GDP of $58.7 trillion, representing 66.87% of global GDP.

 

Top 50: $77.1 trillion and 87.84% of Global GDP

The top 50 largest economy in 2020 combined for a total GDP of $77.1 trillion, representing 87.84% of global GDP of $87.7 trillion.  See below table for the top 50 largest economy in 2020.

 

16 Countries with More than a Trillion GDP

16 countries have a GDP of at least $1 trillion in 2020.  The 16 countries are United States, China, Japan, Germany and India, United Kingdom, France, Italy, Brazil, Canada, Russia, South Korea, Australia, Spain, Mexico, and Indonesia.   The 16 countries have a combined GDP of $67.2 trillion, representing 75.31% (3 quarter) of global GDP of $87.7 trillion.

  1. United States: $21.4 trillion
  2. China: $14.3 trillion
  3. Japan: $5.08 trillion
  4. Germany: $3.86 trillion
  5. India: $2.86 trillion
  6. United Kingdom: $2.82 trillion
  7. France: $2.71 trillion
  8. Italy: $2 trillion
  9. Brazil: $1.83 trillion
  10. Canada: $1.73 trillion
  11. Russia: $1.69 trillion
  12. South Korea: $1.64 trillion
  13. Australia: $1.39 trillion
  14. Spain: $1.39 trillion
  15. Mexico: $1.26 trillion
  16. Indonesia: $1.11 trillion

 

14 Countries are in Asia-Pacific

14 Countries are in top 50 largest economy in 2020 are from Asia-Pacific.  The 14 counties are China, Japan, India, South Korea, Australia, Indonesia, Thailand, Philippines, Singapore, Hong Kong, Malaysia, Bangladesh, Pakistan and Vietnam.  The 14 countries have a combined GDP of $29.3 trillion, representing 33.47% of global GDP of $87.7 trillion.

  1. China: $14.3 trillion
  2. Japan: $5.08 trillion
  3. India: $2.86 trillion
  4. South Korea: $1.64 trillion
  5. Australia: $1.39 trillion
  6. Indonesia: $1.11 trillion
  7. Thailand: $543 billion
  8. Philippines: $376 billion
  9. Singapore: $372 billion
  10. Hong Kong: $365 billion
  11. Malaysia: $364 billion
  12. Bangladesh: $302 billion
  13. Pakistan: $278 billion
  14. Vietnam: $261 billion

Taiwan (China) has a GDP of $610 billion and is included in the GDP of China with $14.3 trillion.

 

2020 Top 50 Largest Economy in the World by GDP – Table

Rank Country GDP (2020) GDP (%)
1 United States $21.4 trillion 24.41%
2 China $14.3 trillion 16.34%
3 Japan $5.08 trillion 5.79%
4 Germany $3.86 trillion 4.40%
5 India $2.86 trillion 3.27%
6 United Kingdom $2.82 trillion 3.22%
7 France $2.71 trillion 3.09%
8 Italy $2.00 trillion 2.28%
9 Brazil $1.83 trillion 2.10%
10 Canada $1.73 trillion 1.98%
11 Russia $1.69 trillion 1.94%
12 South Korea $1.64 trillion 1.88%
13 Australia $1.39 trillion 1.59%
14 Spain $1.39 trillion 1.59%
15 Mexico $1.26 trillion 1.45%
16 Indonesia $1.11 trillion 1.27%
17 Netherlands $907 billion 1.03%
18 Saudi Arabia $792 billion 0.90%
19 Turkey $761 billion 0.87%
20 Switzerland $703 billion 0.80%
21 Poland $595 billion 0.68%
22 Thailand $543 billion 0.62%
23 Belgium $533 billion 0.61%
24 Sweden $530 billion 0.60%
25 Iran $453 billion 0.52%
26 Nigeria $448 billion 0.51%
27 Argentina $445 billion 0.51%
28 Austria $445 billion 0.51%
29 United Arab Emirates $421 billion 0.48%
30 Norway $403 billion 0.46%
31 Israel $394 billion 0.45%
32 Ireland $388 billion 0.44%
33 Philippines $376 billion 0.43%
34 Singapore $372 billion 0.42%
35 Hong Kong SAR, China $365 billion 0.42%
36 Malaysia $364 billion 0.42%
37 South Africa $351 billion 0.40%
38 Denmark $350 billion 0.40%
39 Colombia $323 billion 0.37%
40 Egypt, Arab Rep. $303 billion 0.35%
41 Bangladesh $302 billion 0.34%
42 Chile $282 billion 0.32%
43 Pakistan $278 billion 0.32%
44 Finland $269 billion 0.31%
45 Vietnam $261 billion 0.30%
46 Czech Republic $250 billion 0.29%
47 Romania $250 billion 0.28%
48 Portugal $238 billion 0.27%
49 Iraq $234 billion 0.27%
50 Peru $226 billion 0.26%
Total $77.1 trillion 87.84%

 

Source: World Bank, Caproasia Institute

 

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