Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population. Show
Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. Other metrics, nominal GDP per capita and a corresponding GDP (PPP) per capita are used for comparing national standard of living. On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. The rankings of national economies over time have changed considerably; the United States surpassed the British Empire's output around 1916, which in turn had surpassed the Qing dynasty in aggregate output decades earlier. Since China's transition to a socialist market economy through controlled privatisation and deregulation, the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021. Among others, India has also experienced an economic boom since the implementation of economic liberalisation in the early 1990s. The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF definitive data for the past year and estimates for the current year are published twice a year in April and October. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo and Taiwan) are included in the list where they appear in the sources. TableThe table initially ranks each country or territory with their latest available estimates, and can be reranked by either of the sources The links in the "Country/Territory" row of the following table link to the article on the GDP or the economy of the respective country or territory. See alsoCountries:
Other entities:
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Using the Knight Frank Wealth Sizing Model, we reveal how deep your pockets need to be to join the wealthiest 1% in selected countries and territories. 01 Mar 2021 1 minute to read Last updated: 16/05/2023“The 1%” rose to totemic status during the global financial crisis – however the wealth needed to join their ranks varies sharply from country to country. While “the 1%” might be thought of as the epitome of excess, the price of access to the club falls well short of our definition of a ultra-high-net-worth-individual (UHNWI) – somebody whose net wealth exceeds US$30 million.  The top fiveEven in Monaco, which has the world’s densest population of super-rich individuals, the entry point for the principality’s 1% is US$12.4 million. The level is still almost double that of second place Switzerland at US$6.6 million. Australasia rounds off the top three with US$5.5 million with New Zealand and the US sitting in fourth and fifth place with US$5.2 million and US$5.1 million respectively required. Asia top 1% of wealthFor Asia, Singapore has the highest threshold with US$3.5 million required to be in the top 1% ahead of Hong Kong’s US$3.4 million. Middle East top 1% of wealthFor the UAE, Middle East’s highest entry, the level required is US$1.6 million. Latin America top 1% of wealthBrazil is top of our Latin American markets with a US$430,000 threshold. At a glanceHow much more wealth do you need to compete with the 0.1% of the world's richest? We investigate how deep do your pockets really need to be to get you into the very top wealth bracket in selected countries. Discover moreDownloadDownload the full report for more in depth analysis and the latest trends relating to global wealth. Which country has the highest economy value?Top 10 Largest Economies in the World 2024. Which country is no 1 richest country?USA preserving its pinnacle position of world's richest country from 1960 to 2023.. It is home to several major global corporations and financial institutions.. The USAs GDP per capita ranks among the highest in the world which reflects its high standard of living.. What is the richest country in the world by value?THE 10 RICHEST COUNTRIES IN THE WORLD:. United States🇺🇸 Current International Dollars: 80,412 | Click To View GDP & Economic Data. ... . Norway🇳🇴 Current International Dollars: 82,236 | Click To View GDP & Economic Data. ... . San Marino🇸🇲 Current International Dollars: 84,135.. What is the value of the world assets?Key findings. (–2.4%) to USD 454.4 trillion at the end of 2022. Wealth per adult also declined by USD 3,198 (–3.6%) to reach USD 84,718 per adult at the end of the year. |
