Imagine a world economy so vast that $105 trillion can't even fully capture its true scale, yet still offers a fascinating snapshot of global power, prosperity, and the dynamic shifts happening right now.
Key Takeaways
- World nominal GDP in 2023 reached $105.4 trillion USD
- United States nominal GDP in 2023 was $27.36 trillion USD
- China nominal GDP in 2023 stood at $17.79 trillion USD
- United States real GDP growth rate in 2023 was 2.5 percent
- China real GDP growth rate in 2023 was 5.2 percent
- India real GDP growth rate in 2023 was 7.0 percent
- United States GDP per capita nominal in 2023 was $81,632 USD
- Luxembourg GDP per capita nominal in 2023 was $128,259 USD
- Ireland GDP per capita nominal in 2023 was $106,456 USD
- World GDP PPP in 2023 was $143.8 trillion international dollars
- China GDP PPP in 2023 reached $33.0 trillion international dollars
- United States GDP PPP in 2023 was $27.4 trillion international dollars
- United States services sector share of GDP in 2023 was 77.6 percent
- China industry sector share of GDP in 2023 was 39.9 percent
- India services sector share of GDP in 2023 was 53.9 percent
The blog post compares nations' economic size, growth rates, and sector composition using 2023 GDP data.
GDP Composition
- United States services sector share of GDP in 2023 was 77.6 percent
- China industry sector share of GDP in 2023 was 39.9 percent
- India services sector share of GDP in 2023 was 53.9 percent
- Japan services sector share of GDP in 2023 was 68.7 percent
- Germany industry sector share of GDP in 2023 was 28.1 percent
- United Kingdom services sector share of GDP in 2023 was 79.2 percent
- France services sector share of GDP in 2023 was 78.0 percent
- Brazil services sector share of GDP in 2023 was 58.7 percent
- Canada services sector share of GDP in 2023 was 70.3 percent
- Russia industry sector share of GDP in 2023 was 32.9 percent
- Australia services sector share of GDP in 2023 was 71.5 percent
- South Korea industry sector share of GDP in 2023 was 31.6 percent
- Mexico services sector share of GDP in 2023 was 57.5 percent
- Spain services sector share of GDP in 2023 was 71.2 percent
- Indonesia services sector share of GDP in 2023 was 43.5 percent
- Netherlands services sector share of GDP in 2023 was 72.6 percent
- Turkey services sector share of GDP in 2023 was 60.2 percent
- Saudi Arabia industry sector share of GDP in 2023 was 41.0 percent
- Switzerland services sector share of GDP in 2023 was 74.1 percent
- Poland services sector share of GDP in 2023 was 57.1 percent
- Taiwan industry sector share of GDP in 2023 was 34.9 percent
- Belgium services sector share of GDP in 2023 was 73.5 percent
- Sweden services sector share of GDP in 2023 was 73.0 percent
- Argentina services sector share of GDP in 2023 was 61.3 percent
- Ireland services sector share of GDP in 2023 was 68.4 percent
- Thailand services sector share of GDP in 2023 was 57.8 percent
- Austria services sector share of GDP in 2023 was 69.2 percent
- Israel services sector share of GDP in 2023 was 70.1 percent
GDP Composition Interpretation
These figures reveal a global economy where the UK and France have perfected the art of making money from everything except making things, while China and Germany stubbornly remind the world that someone still needs to build the actual stuff.
GDP Growth Rates
- United States real GDP growth rate in 2023 was 2.5 percent
- China real GDP growth rate in 2023 was 5.2 percent
- India real GDP growth rate in 2023 was 7.0 percent
- Japan real GDP growth rate in 2023 was 1.9 percent
- Germany real GDP growth rate in 2023 was -0.3 percent
- United Kingdom real GDP growth rate in 2023 was 0.1 percent
- France real GDP growth rate in 2023 was 0.9 percent
- Brazil real GDP growth rate in 2023 was 2.9 percent
- Canada real GDP growth rate in 2023 was 1.1 percent
- Russia real GDP growth rate in 2023 was 3.6 percent
- Australia real GDP growth rate in 2023 was 1.5 percent
- South Korea real GDP growth rate in 2023 was 1.4 percent
- Mexico real GDP growth rate in 2023 was 3.2 percent
- Spain real GDP growth rate in 2023 was 2.5 percent
- Indonesia real GDP growth rate in 2023 was 5.1 percent
- Netherlands real GDP growth rate in 2023 was 0.1 percent
- Turkey real GDP growth rate in 2023 was 4.5 percent
- Saudi Arabia real GDP growth rate in 2023 was -0.8 percent
- Poland real GDP growth rate in 2023 was 0.2 percent
- Sweden real GDP growth rate in 2023 was -0.2 percent
- Argentina real GDP growth rate in 2023 was -1.6 percent
- Thailand real GDP growth rate in 2023 was 1.9 percent
- Israel real GDP growth rate in 2023 was 2.0 percent
- Switzerland real GDP growth rate in 2023 was 0.7 percent
- Ireland real GDP growth rate in 2023 was -3.0 percent excluding multinationals
- Austria real GDP growth rate in 2023 was -1.0 percent
- Belgium real GDP growth rate in 2023 was 1.4 percent
- Taiwan real GDP growth rate in 2023 was 1.3 percent
GDP Growth Rates Interpretation
Looking at the global growth derby, it seems the established economic titans are largely content to jog in place while the up-and-comers like India and China are sprinting, with Germany and the U.K. nearly tripping over the starting line.
GDP per Capita
- United States GDP per capita nominal in 2023 was $81,632 USD
- Luxembourg GDP per capita nominal in 2023 was $128,259 USD
- Ireland GDP per capita nominal in 2023 was $106,456 USD
- Switzerland GDP per capita nominal in 2023 was $105,669 USD
- Norway GDP per capita nominal in 2023 was $106,594 USD
- Singapore GDP per capita nominal in 2023 was $91,729 USD
- Qatar GDP per capita nominal in 2023 was $81,968 USD
- United Arab Emirates GDP per capita nominal in 2023 was $53,708 USD
- Denmark GDP per capita nominal in 2023 was $68,300 USD
- Netherlands GDP per capita nominal in 2023 was $62,537 USD
- Iceland GDP per capita nominal in 2023 was $73,466 USD
- Australia GDP per capita nominal in 2023 was $64,491 USD
- Sweden GDP per capita nominal in 2023 was $56,424 USD
- Austria GDP per capita nominal in 2023 was $56,506 USD
- Belgium GDP per capita nominal in 2023 was $53,475 USD
- Finland GDP per capita nominal in 2023 was $53,745 USD
- Germany GDP per capita nominal in 2023 was $52,824 USD
- Canada GDP per capita nominal in 2023 was $53,247 USD
- Saudi Arabia GDP per capita nominal in 2023 was $30,746 USD
- United Kingdom GDP per capita nominal in 2023 was $48,867 USD
- France GDP per capita nominal in 2023 was $44,461 USD
- Japan GDP per capita nominal in 2023 was $33,834 USD
- Italy GDP per capita nominal in 2023 was $37,096 USD
- South Korea GDP per capita nominal in 2023 was $34,121 USD
- Spain GDP per capita nominal in 2023 was $32,677 USD
- New Zealand GDP per capita nominal in 2023 was $48,781 USD
- Malta GDP per capita nominal in 2023 was $37,882 USD
- Cyprus GDP per capita nominal in 2023 was $37,155 USD
- Slovenia GDP per capita nominal in 2023 was $32,164 USD
- Czech Republic GDP per capita nominal in 2023 was $30,427 USD
GDP per Capita Interpretation
Europe’s small, savvy nations are running a masterclass in economic prosperity, while even the mighty U.S. finds itself looking respectfully at Luxembourg and Ireland as if they’ve just unlocked some secret cheat code for wealth.
Nominal GDP
- World nominal GDP in 2023 reached $105.4 trillion USD
- United States nominal GDP in 2023 was $27.36 trillion USD
- China nominal GDP in 2023 stood at $17.79 trillion USD
- Japan nominal GDP in 2023 was $4.21 trillion USD
- Germany nominal GDP in 2023 reached $4.46 trillion USD
- India nominal GDP in 2023 was $3.73 trillion USD
- United Kingdom nominal GDP in 2023 totaled $3.34 trillion USD
- France nominal GDP in 2023 was $3.03 trillion USD
- Italy nominal GDP in 2023 stood at $2.19 trillion USD
- Canada nominal GDP in 2023 was $2.14 trillion USD
- Brazil nominal GDP in 2023 reached $2.13 trillion USD
- Russia nominal GDP in 2023 was $2.02 trillion USD
- South Korea nominal GDP in 2023 totaled $1.71 trillion USD
- Australia nominal GDP in 2023 was $1.69 trillion USD
- Mexico nominal GDP in 2023 stood at $1.81 trillion USD
- Spain nominal GDP in 2023 was $1.58 trillion USD
- Indonesia nominal GDP in 2023 reached $1.37 trillion USD
- Netherlands nominal GDP in 2023 was $1.14 trillion USD
- Turkey nominal GDP in 2023 totaled $1.11 trillion USD
- Saudi Arabia nominal GDP in 2023 was $1.07 trillion USD
- Switzerland nominal GDP in 2023 stood at $0.92 trillion USD
- Poland nominal GDP in 2023 was $0.84 trillion USD
- Taiwan nominal GDP in 2023 reached $0.80 trillion USD
- Belgium nominal GDP in 2023 was $0.63 trillion USD
- Sweden nominal GDP in 2023 totaled $0.60 trillion USD
- Argentina nominal GDP in 2023 was $0.64 trillion USD
- Ireland nominal GDP in 2023 stood at $0.59 trillion USD
- Thailand nominal GDP in 2023 was $0.51 trillion USD
- Austria nominal GDP in 2023 reached $0.52 trillion USD
- Israel nominal GDP in 2023 was $0.51 trillion USD
Nominal GDP Interpretation
The world economy sails forward with the US and China as its two massive anchors, while the rest of the world's economies are left bobbing in their wake.
PPP GDP
- World GDP PPP in 2023 was $143.8 trillion international dollars
- China GDP PPP in 2023 reached $33.0 trillion international dollars
- United States GDP PPP in 2023 was $27.4 trillion international dollars
- India GDP PPP in 2023 stood at $13.1 trillion international dollars
- Japan GDP PPP in 2023 was $6.7 trillion international dollars
- Germany GDP PPP in 2023 totaled $5.5 trillion international dollars
- Russia GDP PPP in 2023 was $5.3 trillion international dollars
- Indonesia GDP PPP in 2023 reached $4.7 trillion international dollars
- Brazil GDP PPP in 2023 was $4.1 trillion international dollars
- Turkey GDP PPP in 2023 stood at $3.8 trillion international dollars
- United Kingdom GDP PPP in 2023 was $3.7 trillion international dollars
- France GDP PPP in 2023 totaled $3.7 trillion international dollars
- Italy GDP PPP in 2023 was $3.3 trillion international dollars
- Mexico GDP PPP in 2023 reached $3.3 trillion international dollars
- South Korea GDP PPP in 2023 was $3.1 trillion international dollars
- Spain GDP PPP in 2023 stood at $2.5 trillion international dollars
- Saudi Arabia GDP PPP in 2023 was $2.4 trillion international dollars
- Canada GDP PPP in 2023 totaled $2.5 trillion international dollars
- Egypt GDP PPP in 2023 was $1.8 trillion international dollars
- Pakistan GDP PPP in 2023 reached $1.6 trillion international dollars
- Poland GDP PPP in 2023 was $1.7 trillion international dollars
- Australia GDP PPP in 2023 stood at $1.7 trillion international dollars
- Thailand GDP PPP in 2023 was $1.6 trillion international dollars
- Argentina GDP PPP in 2023 totaled $1.5 trillion international dollars
- Netherlands GDP PPP in 2023 was $1.4 trillion international dollars
- Bangladesh GDP PPP in 2023 reached $1.4 trillion international dollars
- Vietnam GDP PPP in 2023 was $1.3 trillion international dollars
- Malaysia GDP PPP in 2023 stood at $1.3 trillion international dollars
- Philippines GDP PPP in 2023 was $1.3 trillion international dollars
- South Africa GDP PPP in 2023 totaled $1.0 trillion international dollars
PPP GDP Interpretation
While the global economic party sits at a $143.8 trillion table, the seating arrangement is a clear reminder that China and the US are still arguing over who brought the most snacks, with everyone else trying to make sure their name is even on the guest list.
Sources & References
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