It Is Lonely at the Top

Only 18 countries have more than a 1% share of the world’s total GDP.

June 12, 2014

Credit: sapfir - Shutterstock.com

1. Only 18 countries account for 1% or more of the world’s total GDP.

2. These 18 countries have a combined GDP of $55.7 trillion — or 77% of the world’s GDP.

3. The Netherlands has the smallest GDP of that group of countries, with $770.6 billion as of 2012.

4. Five other countries generate more than 1%, but less than 2% of the world’s GDP: Turkey ($789.3 billion), Mexico ($878 billion), South Korea ($1.1 trillion), Indonesia ($1.2 trillion) and Spain (1.3 trillion).

5. Nine countries control between 2% and 4% of the global GDP: Australia ($1.5 trillion), Canada ($1.8 trillion), India ($1.8 trillion), Italy ($2 trillion), Russia ($2 trillion), Brazil ($2.3 trillion), the United Kingdom ($2.5 trillion), France ($2.6 trillion) and Germany ($3.4 trillion).

6. Only three countries have economies producing more than 4% of the global GDP, The United States ($16.2 trillion), China ($8.2 trillion) and Japan ($6 trillion).

7. The largest three economies in the world account for a combined 42% of the global GDP – as much as the next 23 economies combined.

8. The U.S. economy alone accounts for 22.5% of the world’s measured GDP.

9. The global economy as a whole produced goods and services valued at over $72.4 trillion in 2012, as measured in U.S. dollars.

Sources: The World Bank and The Globalist Research Center.

 

 

Takeaways

Only 18 countries account for 1% or more of the world’s total GDP.

Less than 10% of all the countries for which the World Bank has GDP generate more than 1% of the World’s total GDP.

The biggest three economies in the world generate 42% of the global GDP, as much as the next 23 economies combined.

The U.S. economy alone accounts for 22.5% of the world’s measured GDP.