Gross domestic product in current market prices

(million US dollars)

The United States of America is the top country by GDP in the world. As of 4th quarter 2023, GDP in the United States of America was 6,984,700 million US dollars that accounts for 40.58% of the world's GDP. The top 5 countries (others are China, Germany, Japan, and the United Kingdom) account for 83.46% of it. The world's total GDP was estimated at 17,210,703.9 million US dollars in 4th quarter 2023.

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What is GDP?

GDP is sum of gross value added, at purchaser prices converted at market exchange rates to current U.S. dollars, by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output. It is calculated without deducting for depreciation of fabricated capital assets or for depletion and degradation of natural resources.