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Global GDP - statistics & facts

The global gross domestic product (GDP) faced a major crisis in 2020 when the COVID-19 pandemic had amassive impact on the global economy, bringing trade to an immediate halt. However, the GDP quickly started increasing again in 2021. What is understood under the concept of GDP, which trends have been observed over the past years, and what do the current forecasts say about the future development of the GDP around the world?

What is GDP?

The term GDP was first developed in the United States in the 1930s, when Simon Kuznets, an American Economist, statistician, and Nobel prize laureate, came up with an idea to assess the size of the economy by combining the financial value of individuals, companies, and the government. After the Bretton Woods conference in 1944, GDP was officially adopted by manyfinancial institutions and regulators as a tool for measuring acountry’s economy, and it has become the international standard since the 1990s. At present, GDP is defined as the monetary value of all goods and services produced in a given country or region within a specified time period.

The emergence of China as the world's second largest economy

The most notable development regarding GDP during the last decades has been China’s rapid economic growth. Following economic reforms under President Deng Xiaoping in the late 1970s, China emerged from being one of the poorest countries in the world to becoming thesecond largest economy worldwide in 2010. Today, only the United States has a larger economy in terms of GDP than China.

Another notable development is the economic stagnation of some of the world'sdeveloped economies. For instance, Japan, the world’s second-largest economy up until 2010, has been struggling with slow and at times evennegative economic growth since the early 1990s. The three decades since have thus been dubbed the Lost Decades. Additionally, the largest economy of Europe, Germany, has been struggling with economic stagnation in 2023 and 2024 as the rapid increase in thegas price following Russia’s invasion of Ukraine in 2022 had a highly negative impact on its economy. Prior to the invasion, the German economy relied on imports of cheap natural gas from Russia. Moreover, industrial giants such asVolkswagenhave been struggling recently amid high inflation rates, uncertain economic circumstances, and the emergence of new players in the automotive market.

A shift of the global economic balance?

Due to the slow economic growth of the developed economies and rapid growth of developing economies, theBRICS countries (Brazil, China, India, Russia, South Africa, Iran, Indonesia, Egypt, Ethiopia, and the United Arab Emirates) have now overtaken the G7 (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) byshare of the world’s total GDP. The development is set to continue for the foreseeable future as the GDP growth isforecastto be slow in all G7 countries except the U.S. for the next five years, and as theGDP of the BRICS countries, particularly India, is set to continue to grow during the same period. This ongoing development has meant a shift of economic power from traditional powerhouses to new economic centers such as India and China.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Jose Sanchez
Research expert covering society, economy, & politics for Latin America
Published byJose Sanchez,Dec 17, 2025
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Key insights

Global gross domestic product (GDP) at current prices 2025
117.2tr USD
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Global gross domestic product (GDP) from 2000 to 2030 (in trillion U.S. dollars)

Detailed statistics

Global GDP 2000-2030

Gross domestic product (GDP) in the Euro Area at current prices 2024
16.4tr USD
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Gross domestic product (GDP) of selected global regions at current prices in 2024 (in trillion U.S. dollars)

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Gross domestic product (GDP) of selected global regions 2024

Share of Middle East and Central Asia in global GDP 2024
7.17%
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Share of global regions in the gross domestic product (adjusted for purchasing power) in 2024

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Share of global regions in the gross domestic product 2024

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Impact of the coronavirus (COVID-19) on global GDP

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Key insights

Global gross domestic product (GDP) at current prices 2025
117.2tr USD
Log in or register to access full data.
Global gross domestic product (GDP) from 2000 to 2030 (in trillion U.S. dollars)

Detailed statistics

Global GDP 2000-2030

Gross domestic product (GDP) in the Euro Area at current prices 2024
16.4tr USD
Log in or register to access full data.
Gross domestic product (GDP) of selected global regions at current prices in 2024 (in trillion U.S. dollars)

Detailed statistics

Gross domestic product (GDP) of selected global regions 2024

Share of Middle East and Central Asia in global GDP 2024
7.17%
Log in or register to access full data.
Share of global regions in the gross domestic product (adjusted for purchasing power) in 2024

Detailed statistics

Share of global regions in the gross domestic product 2024

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The most important key figures provide you with a compact summary of the topic of "Gross Domestic Product (GDP) worldwide" and take you straight to the corresponding statistics.

Country rankings

  • Country with highest GDP
    United States
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    Countries with the largest gross domestic product (GDP) in 2025 (in trillion U.S. dollars)
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    Countries with the largest GDP worldwide 2025

  • Country with the lowest gross domestic product per capita 2024
    South Sudan
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    Countries with the lowest gross domestic product per capita in 2025 (in U.S. dollars)
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    Countries with the lowest GDP per capita worldwide 2025

  • Country with the largest gross domestic product per capita 2025
    Liechtenstein
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    Countries with the highest gross domestic product per capita in 2025 (in U.S. dollars)
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    Countries with the highest GDP per capita worldwide 2025

Country comparison

  • Gross domestic product (GDP) of the U.S. at current prices 2024
    29.18tr USD
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    Gross domestic product (GDP) at current prices of the United States from 1987 to 2025 (in billion U.S. dollars)
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    Nominal GDP in the U.S. 1987-2025

  • Gross domestic product (GDP) of China at current prices 2024
    18.7tr USD
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    Gross domestic product (GDP) at current prices in China from 1985 to 2024 with forecasts until 2030 (in billion U.S. dollars)
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    Gross domestic product (GDP) of China 1985-2030

  • Gross domestic product (GDP) of India at current prices 2024
    3.91tr USD
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    India: Gross domestic product (GDP) in current prices from 1987 to 2030 (in billion U.S. dollars)
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    Gross domestic product (GDP) in India 2030

Industry comparison

  • Share of services sector in GDP in North America
    79.27%
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    Share of economic sectors in the gross domestic product (GDP) of selected global regions in 2023
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    Share of economic sectors in the gross domestic product, by global regions 2023

  • Leading country by R&D expenditure as share of gross domestic product (GDP)
    Israel
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    Leading countries by research and development (R&D) expenditure as share of gross domestic product (GDP) worldwide in 2022
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    Leading countries by R&D spending as share of GDP globally 2022

  • Ratio of pension assets to GDP in the Netherlands
    165.6%
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    Ratio of pension assets to GDP in selected countries in 2023
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    Ratio of pension assets to GDP 2023, by country

Forecasts

  • Forecast GDP growth rate of Germany in 2024
    0.9%
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    Forecast on the growth of the gross domestic product (GDP) in selected countries from 2013 to 2022 up to 2024 (compared to the previous year)
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    Forecast on gross domestic product (GDP) growth in selected countries until 2024

  • Projected growth of GDP in the advanced economies in 2025
    1.6%
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    Annual growth of gross domestic product (GDP) in advanced economies compared with emerging markets and developing economies from 2000 to 2030
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    GDP growth of advanced economies and emerging markets 2000-2030

  • Forecasted GDP growth rate of emerging and developing economies in 2023
    4.4%
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    Forecast growth of the real gross domestic product (GDP) worldwide from 2020 to 2027, by economic group (compared to the previous year)
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    Forecast on the GDP growth worldwide 2020-2027, by economic group

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