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Largest economies in the world by GDP (nominal) in 2024 according to International Monetary Fund estimates [n 1] [1] *The EU is an economic union, separate member of the WTO and includes Germany, France and Italy on this chart.
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
Data are in millions of international dollars; they were compiled by the World Bank. The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2019. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007.
Comparisons of national wealth are frequently made based on nominal GDP and savings (not just income), which do not reflect differences in the cost of living in different countries (see List of countries by GDP (nominal) per capita); hence, using a PPP basis is arguably more useful when comparing generalized differences in living standards ...
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person recalculated according to the changing number of the population of the country.
The detailed prices used to compute PPPs are based on data published by the World Bank as part of the International Comparison Program (ICP). An empirical finding documented extensively by PWT is the Penn effect , the finding that real GDP is substantially understated when using exchange rates instead of PPPs in comparing GDP across countries.
This is a list of countries by real GDP per capita growth rate. These numbers are corrected for inflation but not for purchasing power parity . [ 2 ] This list is not to be confused with gross national income per capita growth [ 3 ] or the real GDP growth .
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [1] The figures are given or expressed in Millions of International Dollars at current prices.