GDP - Gross domestic product

 

Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period

Gross domestic product (GDP) is a measure of the market value of all the final goods and services produced in a specific time period by countries.

Gross domestic product (GDP) is a measurement that seeks to capture a country’s economic output. Countries with larger GDPs will have a greater amount of goods and services generated within them, and will generally have a higher standard of living. For this reason, many citizens and political leaders see GDP growth as an important measure of national success, often referring to “GDP growth” and “economic growth” interchangeably. Due to various limitations, however, many economists have argued that GDP should not be used as a proxy for overall economic success, much less the success of a society more generally.

GDP (Y) is the sum of consumption (C), investment (I), government Expenditures (G) and net exports (X – M).

Y = C + I + G + (X − M)

 

Example:

1.     Personal consumption expenditure =  Rs 4,00,000/-

2.     Gross private domestic investment = Rs 1,00,000/-

3.     Export of goods and services = Rs 60,000/-

4.     Import of goods and services = Rs 90,000/-

5.     Government expenditures on goods and services = Rs 2,00,000/-

So

                              Y = C + I + G + (X − M)

                                  = 4,00,000+1,00,000+2,00,000+(60,000-90,000)

                                  = 7,00,000-30,000

                                  =6,70,000/-

Therefore,  GDP = Rs 6,70,000/-

 

Rank	Country	2022 (Billions)						2025	2026
1	United States	24796.076						28035.085	29102.501
2	China	18463.13						23266.926	24996.04
3	Japan	5383.682						6161.841	6344.454
4	Germany	4557.35						5194.802	5406.142
5	United Kingdom	3442.205						3959.37	4161.703
6	India	3250.078						4084.694	4393.812
7	France	3140.031						3543.562	3668.236
8	Italy	2272.269						2537.659	2618.242
9	Canada	2189.786						2520.113	2630.942
10	South Korea	1907.661						2217.588	2316.211
11	Brazil	1810.612						2255.673	2387.808
12	Russia	1703.527						1876.468	1943.775
13	Australia	1677.451						1957.353	2051.564
14	Spain	1570.91						1819.731	1893.262
15	Mexico	1371.635						1591.396	1665.558
16	Indonesia	1247.352						1561.848	1672.519
17	Iran	1136.683						1303.397	1364.21
18	Netherlands	1070.754						1237.823	1290.764
19	Saudi Arabia	876.148						963.152	1006.084
20	Switzerland	862.819						986.27	1038.791
21	Taiwan	850.528						999.548	1048.518
22	Turkey	844.534						1190.495	1333.772
23	Poland	720.35						891.7	954.582
24	Sweden	660.918						792.47	837.192
25	Belgium	619.16						708.703	736.648
26	Thailand	585.586						694.098	734.757
27	Nigeria	555.346						812.96	921.584
28	Ireland	550.518						668.344	710.49
29	Austria	520.343						614.113	649.508
30	Israel	501.409						584.148	611.862
31	Argentina	483.765						511.523	536.229
32	Norway	458.398						497.549	509.193
33	Egypt	438.348						557.397	605.478
34	South Africa	435.212						490.527	532.92
35	United Arab Emirates	427.93						480.027	501.814
36	Vietnam	415.493						570.036	630.465
37	Malaysia	415.375						534.163	575.911
38	Denmark	414.55						484.377	508.764
39	Philippines	406.107						506.66	544.175
40	Singapore	396.995						461.509	483.455
41	Bangladesh	390.608						516.242	565.502
42	Hong Kong	389.977						452.098	475.283
43	Chile	352.664						415.88	438.12
44	Colombia	319.29						373.374	393.684
45	Romania	314.876						401.438	430.219
46	Finland	314.538						363.553	378.43
47	Czech Republic	302.061						367.858	387.437
48	Pakistan	282.325						294.432	299.432
49	Portugal	271.191						315.408	328.443
50	New Zealand	267.636						306.857	319.992
51	Peru	231.691						270.706	283.487
52	Iraq	226.62						264.07	277.85
53	Greece	224.894						257.165	267.015
54	Ukraine	203.925						266.319	290.806
55	Kazakhstan	203.666						243.92	258.252
56	Hungary	198.992						247.998	263.069
57	Qatar	180.883						203.724	213.828
58	Algeria	168.195						174.376	175.228
59	Kuwait	138.78						148.84	155.117
60	Morocco	132.645						158.231	166.651
61	Slovakia	127.497						156.299	164.9
62	Kenya	116.641						143.459	153.99
63	Ecuador	109.975						123.202	128.089
64	Puerto Rico	108.267						111.59	112.884
65	Dominican Republic	97.371						119.881	128.418
66	Luxembourg	89.683						106.664	112.253
67	Guatemala	89.214						107.67	115.366
68	Oman	85.719						91.709	95.508
69	Bulgaria	84.308						104.696	111.223
70	Sri Lanka	83.315						101.438	108.343
71	Ghana	82.018						101.028	108.37
72	Côte d'Ivoire	75.075						97.627	105.963
73	Angola	74.953						90.888	96.437
74	Tanzania	74.536						92.945	100.211
75	Uzbekistan	72.762						100.607	111.963
76	Belarus	70.632						79.944	82.863
77	Croatia	68.525						83.531	88.26
78	Lithuania	67.659						82.006	86.35
79	Serbia	65.697						83.069	89.456
80	Slovenia	65.475						79.393	84.129
81	Costa Rica	64.374						76.386	81.076
82	Panama	64.366						79.072	84.686
83	Uruguay	63.741						71.617	74.554
84	Myanmar	63.052						74.158	78.257
85	Turkmenistan	60.263						82.072	91.377
86	Democratic Republic of the Congo	59.246						75.626	81.356
87	Azerbaijan	54.725						59.556	61.797
88	Cameroon	48.29						61.106	66.217
89	Jordan	47.5						56.276	59.586
90	Uganda	47						61.29	69.044
91	Tunisia	45.454						52.927	55.093
92	Venezuela	43.546						47.658	48.524
93	Macao SAR	41.847						68.655	72.863
94	Bahrain	41.057						47.11	49.44
95	Bolivia	40.895						50.391	53.928
96	Latvia	40.83						49.829	52.796
97	Estonia	39.542						48.968	52.231
98	Paraguay	39.197						46.693	49.496
99	Sudan	37.769						47.597	51.665
100	Nepal	36.296						45.828	49.299
101	Senegal	30.039						40.763	43.953
102	El Salvador	29.316						32.542	33.487
103	Libya	29.202						31.039	32.378
104	Papua New Guinea	28.31						33.498	35.381
105	Cyprus	28.291						34.436	36.674
106	Cambodia	27.985						35.453	38.423
107	Honduras	27.923						33.164	35.226
108	Zimbabwe	27.806						29.713	31.568
109	Iceland	27.172						31.047	32.596
110	Zambia	23.967						26.543	28.024
111	Trinidad and Tobago	23.082						25.322	26.075
112	Bosnia and Herzegovina	23.006						27.779	29.508
113	Burkina Faso	21.887						28.409	30.839
114	Mali	21.261						26.855	29.05
115	Laos	20.631						24.994	26.74
116	Yemen	20.02						24.257	25.617
117	Benin	19.917						26.273	28.705
118	Georgia	19.688						25.789	27.941
119	Gabon	19.632						22.163	23.537
120	Botswana	19.002						23.793	26.094
121	Haiti	18.825						21.302	22.213
122	West Bank and Gaza	18.784						21.606	22.399
123	Guinea	18.223						22.532	24.221
124	Malta	18.209						22.7	24.114
125	Albania	18.012						21.15	22.308
126	Niger	17.261						25.372	27.63
127	Mozambique	16.759						21.691	25.234
128	Brunei Darussalam	16.263						15.816	15.987
129	Mongolia	15.83						20.354	21.833
130	Jamaica	15.63						17.706	18.413
131	Madagascar	15.402						19.676	21.264
132	Armenia	15.06						18.684	20.084
133	North Macedonia	14.904						18.321	19.607
134	Nicaragua	13.948						15.264	15.94
135	Moldova	13.315						16.575	17.778
136	Republic of the Congo	13.303						15.563	16.03
137	Namibia	13.122						15.322	16.708
138	Chad	12.953						15.967	17.117
139	Equatorial Guinea	12.074						12.639	12.943
140	Bahamas	12.039						14.282	14.843
141	Malawi	12.008						12.157	12.585
142	Mauritius	11.954						15.543	16.829
143	Rwanda	11.035						14.004	15.145
144	Guyana	9.837						13.231	14.028
145	Kosovo	9.752						12.088	12.862
146	Togo	9.357						12.286	13.383
147	Mauritania	9.336						10.541	11.058
148	Kyrgyzstan	8.928						10.823	11.443
149	Tajikistan	8.756						10.498	11.063
150	Montenegro	6.042						7.571	8.099
151	Somalia	5.888						8.061	8.764
152	Maldives	5.296						7.027	7.553
153	Barbados	5.142						6.011	6.262
154	Fiji	5.01						6.432	6.794
155	Eswatini	4.794						5.463	5.965
156	Sierra Leone	4.587						4.959	5.226
157	South Sudan	4.575						6.002	7.207
158	Djibouti	3.932						4.969	5.373
159	Liberia	3.664						4.403	4.743
160	Curacao	3.527						3.895	3.958
161	Andorra	3.46						4.017	4.179
162	Burundi	3.396						4.192	4.498
163	Aruba	3.127						3.602	3.701
164	Suriname	2.937						3.431	3.6
165	Central African Republic	2.797						3.498	3.76
166	Bhutan	2.74						3.619	3.922
167	Lesotho	2.592						2.943	3.091
168	Eritrea	2.484						2.981	3.161
169	The Gambia	2.173						2.792	3.022
170	Cabo Verde	2.063						2.709	2.934
171	Belize	2.062						2.34	2.435
172	St. Lucia	1.998						2.441	2.527
173	San Marino	1.831						2.052	2.127
174	Solomon Islands	1.798						2.256	2.396
175	Timor-Leste	1.782						2.103	2.253
176	Seychelles	1.751						2.326	2.557
177	Guinea-Bissau	1.721						2.247	2.444
178	Antigua and Barbuda	1.534						1.855	1.943
179	Comoros	1.363						1.664	1.786
180	Grenada	1.16						1.402	1.472
181	St. Kitts and Nevis	1.092						1.262	1.322
182	Vanuatu	1.06						1.253	1.315
183	St. Vincent and the Grenadines	0.855						1.043	1.093
184	Samoa	0.808						0.967	1.018
185	Dominica	0.628						0.771	0.806
186	São Tomé and Príncipe	0.573						0.711	0.772
187	Tonga	0.54						0.631	0.663
188	Micronesia	0.417						0.478	0.492
189	Marshall Islands	0.254						0.287	0.297
190	Kiribati	0.245						0.279	0.288
191	Palau	0.242						0.312	0.325
192	Nauru	0.139						0.152	0.153
193	Tuvalu	0.07