According to the World Bank, the Gross Domestic Product (GDP) of the World in 2019 was 87.752 trillion USD. More than 80% (70.359 Trillion USD) of it was produced in the TOP 20 largest economies of the World. Pareto Principle? 

In this article, we will figure out and name those TOP 20 economies. For the ease of this article, I will cover details only about GDP nominal, although GDP PPP is another great way to measure actual purchasing power.

Top 20 largest economies of the World 2019

Top 20 largest economies of the World 2019

Nominal GDP is a gross domestic product (GDP) evaluated at current market prices, GDP being the monetary value of all the finished goods and services produced within a country’s borders in a specific time period. Nominal differs from real GDP in that it includes changes in prices due to inflation or a rise in the overall price level.

without further ado:

Top 20 Largest Economies In The World by GDP Nominal (2019)

Rank Country GDP (mln)
1 United States $21,427,700.00
2 China $14,342,902.84
3 Japan $5,081,769.54
4 Germany $3,845,630.03
5 India $2,875,142.31
6 United Kingdom $2,827,113.18
7 France $2,715,518.27
8 Italy $2,001,244.39
9 Brazil $1,839,758.04
10 Canada $1,736,425.63
11 Russian Federation $1,699,876.58
12 Korea, Rep. $1,642,383.22
13 Spain $1,394,116.31
14 Australia $1,392,680.59
15 Mexico $1,258,286.72
16 Indonesia $1,119,190.78
17 Netherlands $909,070.40
18 Saudi Arabia $792,966.84
19 Turkey $754,411.71
20 Switzerland $703,082.44

Data source: World Bank

Lets visualize that;

Top 20 largest economies of the World 2019

Top 20 largest economies of the World 2019

It looks like Africa is the only continent, except Antarctica, where there is no country from the TOP 20 largest countries of the World by GDP, but that could change in the next decade, with Nigeria (currently ranked 26, with 0.44 T) getting into the top 20

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