GDP
Compound Annual Growth Rate of GDP from 1990 to 2021 in the Top 20 Largest Economies
An analysis of the compound annual growth rates (CAGR) of GDP in the top 20 economies of the world over a period of more than 30 years shows that Asian countries lead the way: China (9.2%), India (5.9%), South Korea (4.8%), Indonesia (4.5%), and Turkey (4.5%). These countries exceed the global average economic growth rate (2.9%) by a factor of 2 to 3.
The lowest growth rates are observed in European countries, such as Italy (0.6%), Russia (0.8%), Germany (1.4%), and France (1.4%), as well as in Japan (0.8%).
Figure. Top 20 Countries by GDP (Current US$) and Share of Total (%) in 2021
Table. Top 20 Countries by GDP (Current US$) and Share of Total (%) in 2021
| Country Name | GDP (trillions of USD) | GDP, share of Total (%) |
|---|---|---|
| United States | 23.32 | 24.15 |
| China | 17.73 | 18.37 |
| Japan | 4.94 | 5.12 |
| Germany | 4.26 | 4.41 |
| India | 3.18 | 3.29 |
| United Kingdom | 3.13 | 3.24 |
| France | 2.96 | 3.06 |
| Italy | 2.11 | 2.18 |
| Canada | 1.99 | 2.06 |
| Korea, Rep. | 1.81 | 1.88 |
| Russian Federation | 1.78 | 1.84 |
| Brazil | 1.61 | 1.67 |
| Australia | 1.55 | 1.61 |
| Spain | 1.43 | 1.48 |
| Mexico | 1.27 | 1.32 |
| Indonesia | 1.19 | 1.23 |
| Netherlands | 1.01 | 1.05 |
| Saudi Arabia | 0.83 | 0.86 |
| Turkiye | 0.82 | 0.85 |
| Switzerland | 0.80 | 0.83 |