Top-20 Countries by GDP in the World, Asia, Europe, Latin America, and Africa – 2019 Forecast

In this article, we will look at the top-20 countries in the world by Gross Domestic Product (GDP). The countries are ranked as per 2019 nominal GDP forecast by International Monetary Fund (IMF). We will also look at the top-20 countries in Asia, Europe, Latin America & Caribbean, and Africa continents. We will provide the share of the countries in the world’s total GDP as well as in their continent’s total GDP. The countries world GDP share comparison can help us quickly see how much bigger the economy of one country is, as compared to the other.

World Top-20 Countries by GDP – 2019 Forecast

IMF forecasts world total GDP to reach $88.2 trillion in 2019. World top-20 countries by GDP will account for 80.7% of the world total GDP in 2019. The rest of the 174 countries in the world will account for 19.3% of the world total GDP. IMF provides economic data for 194 countries in the world.

United States leads the world top-20 list with 24.4% share of the world total GDP. United States is followed by China, Japan, Germany, and India with GDP share of 16.1%, 5.9%, 4.7%, and 3.4% respectively of the world total GDP.

The following chart shows the world top-20 countries and their share of the world total GDP.

World Top-20 countries by GDP - 2019 Forecast

Asia Top-20 Countries by GDP – 2019 Forecast

IMF forecasts Asia total GDP to reach $32.3 trillion in 2019. Asia share of the world total GDP would be 36.7%.

Asia top-20 countries by GDP will account for 96.0% of the Asia total GDP in 2019. The rest of the 39 countries in Asia will account for just 4.0% of the Asia total GDP. IMF provides economic data for 59 countries in Asia.

China leads the Asia top-20 list with 43.8% share of the Asia total GDP. China is followed by Japan, India, South Korea, and Indonesia with GDP share of 16.1%, 9.1%, 5.5%, and 3.3% respectively of the Asia total GDP.

The following chart shows the Asia top-20 countries and their share of the Asia total GDP as well as the world total GDP.

Asia Top-20 countries by GDP - 2019 Forecast

Europe Top-20 Countries by GDP – 2019 Forecast

IMF forecasts Europe total GDP to reach $22.9 trillion in 2019. Europe share of the world total GDP would be 26.0%.

Europe top-20 countries by GDP will account for 94.5% of the Europe total GDP in 2019. The rest of the 23 countries in Europe will account for just 5.5% of the Europe total GDP. IMF provides economic data for 43 countries in Europe.

Germany leads the Europe top-20 list with 17.9% share of the Europe total GDP. Germany is followed by France, United Kingdom, Italy, and Russia with GDP share of 12.4%, 12.2%, 9.2%, and 7.2% respectively of the Europe total GDP.

The following chart shows the Europe top-20 countries and their share of the Europe total GDP as well as the world total GDP.

Europe Top-20 countries by GDP - 2019 Forecast

Latin America and the Caribbean Top-20 Countries by GDP – 2019 Forecast

IMF forecasts Latin America and the Caribbean total GDP to reach $5.3 trillion in 2019. Latin America and the Caribbean share of the world total GDP would be 6.0%.

Latin America and the Caribbean top-20 countries by GDP will account for 99.1% of the Latin America and the Caribbean total GDP in 2019. The rest of the 13 countries in Latin America and the Caribbean will account for just 0.9% of the Latin America and the Caribbean total GDP. IMF provides economic data for 33 countries in Latin America and the Caribbean.

Brazil leads the Latin America and the Caribbean top-20 list with 36.5% share of the Latin America and the Caribbean total GDP. Brazil is followed by Mexico, Argentina, Colombia, and Chile with GDP share of 23.5%, 7.7%, 6.7%, and 5.8% respectively of the Latin America and the Caribbean total GDP.

The following chart shows the Latin America and the Caribbean top-20 countries and their share of the Latin America and the Caribbean total GDP as well as the world total GDP.

Latin America Top-20 countries by GDP - 2019 Forecast

Africa Top-20 Countries by GDP – 2019 Forecast

IMF forecasts Africa total GDP to reach $2.5 trillion in 2019. Africa share of the world total GDP would be 2.9%.

Africa top-20 countries by GDP will account for 88.9% of the Africa total GDP in 2019. The rest of the 34 countries in Africa will account for 11.1% of the Africa total GDP. IMF provides economic data for 54 countries in Africa.

Nigeria leads the Africa top-20 list with 17.8% share of the Africa total GDP. Nigeria is followed by South Africa, Egypt, Algeria, and Morocco with GDP share of 15.3%, 11.9%, 8.0%, and 4.9% respectively of the Africa total GDP.

The following chart shows the Africa top-20 countries and their share of the Africa total GDP as well as the world total GDP.

Africa Top-20 countries by GDP - 2019 Forecast

Top-20 Countries by GDP in the World, Asia, Europe, Latin America, and Africa – 2019 Forecast

The following chart provides all the GDP data provided in the above charts in a single image.

Top-20 countries by GDP - overall and by continents - 2019 Forecast

Notes

1. Data Source: International Monetary Fund (IMF) World Economic Outlook (WEO) database, October 2018 edition.

 

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