World GDP PPP Ranking

In this article, we will share the ranking of 192 countries in the world based on their GDP (Gross Domestic Product) on a Purchasing Power Parity (GDP PPP) basis. We have used the publicly available data from IMF (International Monetary Fund) to rank the countries. We have also provided an analysis based on whether the countries are developed or developing. IMF classifies these countries as ‘advanced economies’ and ’emerging market and developing economies’ respectively (Please see the notes at the bottom). Of the 192 countries, 39 countries classified as advanced economies and the remaining are classified as emerging market and developing economies.

This article is part of a series of articles ranking the countries in the world based on their GDP related indicators. In our other articles, we have provided world GDP rankingsworld GDP per capita rankings , world GDP PPP per capita rankings , and world real GDP growth rankings.

In this article, we will first provide the charts for the GDP PPP from 1980 to 2024 for the whole world, the advanced economies, and the developing economies. Then, we will present GDP PPP ranking of the countries grouped by regions. Then, we will provide GDP PPP ranking of all the countries in the world, the developed world, and the developing world.

World Total GDP PPP 1980-2024

The world total GDP PPP reached $135 trillion during 2018. The total GDP PPP of the developed countries (aka advanced economies) was $55 trillion during 2018. The total GDP PPP of the developing countries (aka emerging market and developing economies) was $80 trillion during 2018.

IMF estimates the world GDP PPP to reach $142 trillion during 2019 and $150 trillion during 2020. IMF estimates the developed countries total GDP PPP to reach $57 trillion during 2019 and $59 trillion during 2020. IMF estimates the developing countries total GDP PPP to reach $85 trillion during 2019 and $90 trillion during 2020.

The world GDP has nearly doubled during the 14-year period from 2005 to 2019. During the same period, the advanced economies GDP has increased 1.6-times, whereas the developing economies GDP has increased 2.6-times.

The chart below provides the developed vs developing world GDP PPP data from 1980 to 2024. The data for 2019 to 2024 are estimates by the IMF staff.

1 World GDP PPP 1980-2024 - Oct 2019

World GDP PPP Share 1980-2024

The share of the developed countries in the world total GDP PPP was 63.1% during 1980. The share of the developing countries in the world total GDP PPP was 36.9% during 1980. During 2008, the share of developing countries GDP PPP exceeded that of the developed countries. IMF estimates that in 2024, the share of developed countries GDP PPP would be 36.7% and the share of developing countries GDP PPP would be 63.3%. So, in 44 years, the GDP PPP share of the two country groups would reverse.

The chart below provides the developed vs developing world GDP PPP share data from 1980 to 2024. The data for 2019 to 2024 are estimates by the IMF staff.

2 World GDP PPP Share 1980-2024 - Oct 2019

Americas GDP PPP Ranking by Region

United States is the largest economy of the Americas in GDP PPP. Brazil, Mexico, Canada, and Argentina are the second, third, fourth, and fifth largest economies respectively in GDP PPP in the western hemisphere.

IMF GDP PPP estimate for 2019 for the different countries in the four regions of Americas is as follows.

North America – United States $21,439 bn, Canada $1,900 bn

Central America – Mexico $2,628 bn, Guatemala $153 bn, Panama $113 bn, Costa Rica $92 bn, El Salvador $56 bn, Honduras $52 bn, Nicaragua $35 bn, Belize $4 bn

South America – Brazil $3,456 bn, Argentina $904 bn, Colombia $783 bn, Chile $503 bn, Peru $478 bn, Ecuador $203 bn, Paraguay $97 bn, Bolivia $94 bn, Uruguay $83 bn, Suriname $9 bn, Guyana $7 bn

Caribbean – Dominican Republic $201 bn, Puerto Rico $127 bn, Trinidad and Tobago $45 bn, Jamaica $28 bn, Haiti $21 bn, The Bahamas $13 bn, Barbados $5 bn, Aruba $4 bn, Antigua and Barbuda $3 bn, Saint Lucia $3 bn, Grenada $2 bn, Saint Kitts and Nevis $2 bn, Saint Vincent $1 bn, Dominica $0.8 bn

The chart below provides the IMF GDP PPP estimate for 2019 for the 36 countries in Americas.

3 Americas GDP PPP ranking - Oct 2019

Europe GDP PPP Ranking by Region

Germany is the largest economy of Europe in GDP PPP. Russia, the UK, France, and Italy are the second, third, fourth, and fifth largest economies respectively in Europe in GDP PPP. IMF GDP PPP estimate for 2019 for the different countries in Western and Eastern Europe is as follows.

Western Europe – Germany $4,444 bn, United Kingdom $3,131 bn, France $3,061 bn, Italy $2,443 bn, Spain $1,941 bn, Netherlands $1,005 bn, Belgium $567 bn, Switzerland $566 bn, Sweden $564 bn, Austria $479 bn, Ireland $413 bn, Norway $411 bn, Portugal $346 bn, Greece $324 bn, Denmark $313 bn, Finland $265 bn, Luxembourg $67 bn, Cyprus $36 bn, Malta $23 bn, Iceland $20 bn, San Marino $2 bn

Eastern Europe (EU Members) – Poland $1,287 bn, Romania $547 bn, Czech Republic $413 bn, Hungary $332 bn, Slovak Republic $200 bn, Bulgaria $171 bn, Croatia $113 bn, Lithuania $102 bn, Slovenia $80 bn, Latvia $61 bn, Estonia $47 bn

Eastern Europe (Non-EU Countries) – Russia $4,349 bn, Ukraine $409 bn, Belarus $196 bn, Serbia $129 bn, Bosnia and Herzegovina $50 bn, Albania $40 bn, North Macedonia $34 bn, Moldova $27 bn, Kosovo $22 bn, Montenegro $13 bn

The chart below provides the IMF GDP PPP estimate for 2019 for the 42 countries in Europe.

4 Europe GDP PPP ranking - Oct 2019

Asia and Pacific GDP PPP Ranking by Region

China is not only the largest economy in Asia and Pacific in GDP PPP, but also the largest economy of the world. India, Japan, Indonesia, and South Korea are the second, third, fourth, and fifth largest economies respectively in Asia and Pacific in GDP PPP. IMF GDP PPP estimate for 2019 for the different countries in the five regions of Asia and Pacific is as follows.

East Asia – China $27,309 bn, Japan $5,748 bn, South Korea $2,320 bn, Taiwan $1,300 bn, Hong Kong SAR China $491 bn, Macao SAR China $78 bn, Mongolia $47 bn

South Asia – India $11,326 bn, Pakistan $1,202 bn, Bangladesh $838 bn, Sri Lanka $305 bn, Nepal $94 bn, Maldives $9 bn, Bhutan $8 bn

Southeast Asia – Indonesia $3,737 bn, Thailand $1,383 bn, Malaysia $1,079 bn, Philippines $1,026 bn, Vietnam $770 bn, Singapore $585 bn, Myanmar $356 bn, Cambodia $77 bn, Laos $58 bn, Brunei Darussalam $36 bn, Timor-Leste $7 bn

Australia and New Zealand – Australia $1,365 bn, New Zealand $206 bn

Pacific Islands – Papua New Guinea $34 bn, Fiji $11 bn, Solomon Islands $1 bn, Samoa $1 bn, Vanuatu $0.9 bn, Tonga $0.7 bn, Micronesia $0.4 bn, Palau $0.3 bn, Kiribati $0.3 bn, Marshall Islands $0.2 bn, Nauru $0.1 bn, Tuvalu $0.05 bn

The chart below provides the IMF GDP PPP estimate for 2019 for the 39 countries in Asia and Pacific.

5 Asia and Pacific GDP PPP ranking - Oct 2019

Middle East and Central Asia GDP PPP Ranking by Region

Saudi Arabia is the largest economy of Middle East in GDP PPP. Turkey is the largest economy of Central Asia and the Caucasus region in GDP PPP. IMF GDP PPP estimate for 2019 for the different countries in Middle East and Central Asia is as follows.

Middle East – Saudi Arabia $1,899 bn, Iran $1,471 bn, United Arab Emirates $746 bn, Iraq $705 bn, Qatar $366 bn, Israel $354 bn, Kuwait $312 bn, Oman $204 bn, Jordan $97 bn, Lebanon $91 bn, Bahrain $77 bn, Yemen $72 bn

Central Asia and the Caucasus – Turkey $2,347 bn, Kazakhstan $538 bn, Uzbekistan $297 bn, Azerbaijan $187 bn, Turkmenistan $122 bn, Afghanistan $76 bn, Georgia $45 bn, Tajikistan $33 bn, Armenia $33 bn, Kyrgyz Republic $26 bn

The chart below provides the IMF GDP PPP estimate for 2019 for the 23 countries in Middle East and Central Asia.

6 Middle East Central Asia GDP PPP ranking - Oct 2019

Africa GDP PPP Ranking by Region

IMF GDP PPP estimate for 2019 for the different countries in Africa is as follows.

North Africa – Egypt $1,391 bn, Algeria $681 bn, Morocco $329 bn, Tunisia $149 bn, Libya $62 bn

Sub-Saharan Africa – Nigeria $1,217 bn, South Africa $809 bn, Ethiopia $240 bn, Ghana $210 bn, Angola $203 bn, Tanzania $192 bn, Kenya $191 bn, Sudan $176 bn, Côte d’Ivoire $117 bn, Uganda $105 bn, Cameroon $101 bn, DR Congo $83 bn, Zambia $76 bn, Senegal $65 bn, Mali $47 bn, Madagascar $46 bn, Botswana $44 bn, Burkina Faso $42 bn, Benin $41 bn, Mozambique $41 bn, Zimbabwe $40 bn, Gabon $40 bn, Guinea $33 bn, Congo $33 bn, Chad $32 bn, Mauritius $32 bn, Rwanda $30 bn, Equatorial Guinea $29 bn, Namibia $28 bn, Niger $26 bn, Malawi $25 bn, South Sudan $21 bn, Mauritania $20 bn, Togo $15 bn, Sierra Leone $13 bn, Somalia $13 bn, Eswatini $12 bn, Burundi $8 bn, Lesotho $7 bn, Eritrea $7 bn, Liberia $6 bn, The Gambia $6 bn, Djibouti $6 bn, Cabo Verde $4 bn, Central African Republic $4 bn, Guinea-Bissau $4 bn, Seychelles $3 bn, Comoros $2 bn, São Tomé and Príncipe $0.8 bn

The chart below provides the IMF GDP PPP estimate for 2019 for the 54 countries in Africa.

7 Africa GDP PPP ranking - Oct 2019

World GDP PPP Ranking

China leads the world GDP PPP rankings with 19.3% share of the world total GDP PPP during 2019. China is followed by the United States, India, Japan, and Germany with GDP PPP share of 15.1%, 8.0%, 4.1%, and 3.1% respectively of the world total GDP PPP during 2019. The top-5 countries by GDP PPP account for 49.6% of the world total GDP PPP. The top-10 and top-20 countries account for 62.1% and 76.0% of the world total GDP PPP respectively.

Here are the GDP PPP rankings of the world top-10 economies along with their GDP PPP.

  • China is ranked 1 with a GDP PPP of $27.3 trillion.
  • The United States is ranked 2 with a GDP PPP of $21.4 trillion.
  • India is ranked 3 with a GDP PPP of $11.3 trillion.
  • Japan is ranked 4 with a GDP PPP of $5.7 trillion.
  • Germany is ranked 5 with a GDP PPP of $4.4 trillion.
  • Russia is ranked 6 with a GDP PPP of $4.3 trillion.
  • Indonesia is ranked 7 with a GDP PPP of $3.7 trillion.
  • Brazil is ranked 8 with a GDP PPP of $3.5 trillion.
  • The United Kingdom is ranked 9 with a GDP PPP of $3.1 trillion.
  • France is ranked 10 with a GDP PPP of $3.1 trillion.

The charts below list all the 192 countries as per their GDP PPP rank.

8 World GDP PPP ranking 1 of 3 - Oct 2019

9 World GDP PPP ranking 2 of 3 - Oct 2019

a World GDP PPP ranking 3 of 3 - Oct 2019

World GDP PPP Ranking – Developed countries

The United States leads the developed world GDP PPP rankings with 37.5% share of the developed world total GDP PPP during 2019. The United States is followed by Japan, Germany, the United Kingdom, and France with GDP PPP share of 10.0%, 7.8%, 5.5%, and 5.3% respectively of the developed world total GDP PPP during 2019. The top-5 countries by GDP PPP account for 66.1% of the developed world total GDP PPP. The top-10 and top-20 countries account for 83.5% and 94.7% of the developed world total GDP PPP respectively. The chart below lists the developed countries as per their GDP PPP rank.

b Advanced economies GDP PPP ranking - Oct 2019

World GDP PPP Ranking – Developing countries

China leads the developing world GDP PPP rankings with 32.3% share of the developing world total GDP PPP during 2019. China is followed by India, Russia, Indonesia, and Brazil with GDP PPP share of 13.4%, 5.2%, 4.4%, and 4.1% respectively of the developing world total GDP PPP during 2019. The top-5 countries by GDP PPP account for 59.4% of the developing world total GDP PPP. The top-10 and top-20 countries account for 71.0% and 83.4% of the developing world total GDP PPP respectively. The charts below list the emerging market and developing economies as per their GDP PPP rank.

c Developing economies GDP PPP ranking 1 of 3 - Oct 2019

d Developing economies GDP PPP ranking 2 of 3 - Oct 2019

e Developing economies GDP PPP ranking 3 of 3 - Oct 2019

Notes

  1. Data Source:  International Monetary Fund (IMF) World Economic Outlook (WEO) database, October 2019 edition.
  2. How does the WEO categorize advanced versus emerging market and developing economies? As per IMF, “The main criteria used by the WEO to classify the world into advanced economies and emerging market and developing economies are (1) per capita income level, (2) export diversification, and (3) degree of integration into the global financial system.  Note, however, that these are not the only factors considered in deciding the classification of countries. This classification has evolved over time. The objective is to facilitate analysis by providing a reasonably meaningful method of organizing data. Reclassification only happens when something marked changes or the case for change in terms of the three criteria above becomes overwhelming.”

 

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