This historical list of the ten largest countries by GDP compiled by British economist Angus Maddison shows how much the membership and rankings of the world's ten largest economies has changed.
Year | 1st | 2nd | 3rd | 4th | 5th | 6th | 7th | 8th | 9th | 10th |
2030 (Forecast) | China 22,983,000 | United States 16,662,000 | India 10,074,000 | Japan 3,488,000 | Indonesia 2,406,000 | Russia 2,171,000 | Germany 2,150,000 | Brazil 2,017,000 | Mexico 1,973,000 | United Kingdom 1,853,000 |
2003 | United States 8,430,762 | China 6,187,984 | Japan 2,699,261 | India 2,267,136 | Germany 1,577,423 | France 1,315,601 | United Kingdom 1,280,625 | Italy 1,110,691 | Brazil 1,013,000 | Russia 914,000 |
1973 | United States 3,536,622 | Soviet Union 1,513,070 | Japan 1,242,932 | West Germany 944,755 | China 739,414 | France 683,965 | United Kingdom 675,941 | Italy 582,713 | India 494,832 | Brazil 401,643 |
1950 | United States 1,455,916 | Soviet Union 510,243 | United Kingdom 347,850 | West Germany 265,354 | China 244,985 | India 222,222 | France 220,492 | Italy 164,957 | Japan 160,966 | Canada 102,164 |
1913 | United States 517,383 | China 241,341 | German Empire 237,332 | Russian Empire 232,351 | United Kingdom 224,618 | India 204,242 | France 144,489 | Italy 95,487 | Japan 71,653 | Spain 41,653 |
1870 | China 189,470 | India 134,882 | United Kingdom 100,180 | United States 98,374 | Russian Empire 83,646 | German Empire 72,149 | France 72,100 | Italy 41,814 | Japan 25,393 | Spain 19,556 |
1820 | China 228,600 | India 111,417 | Russian Empire 37,678 | United Kingdom 36,232 | France 35,468 | Prussia 26,819 | Italy 22,535 | Japan 20,739 | United States 12,548 | Spain 12,299 |
The economy of Uganda has a great potential and appears poised for rapid growth and development. Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits.
The economy of the Netherlands is a highly developed market economy focused on trade and logistics, manufacturing, services, innovation and technology and sustainable and renewable energy. It is the world's 18th largest economy by nominal GDP and the 28th largest by purchasing power parity (PPP) and is the fifth largest economy in European Union by nominal GDP. It has the world's 11th highest per capita GDP (nominal) and the 13th highest per capita GDP (PPP) as of 2023 making it one of the highest earning nations in the world. Many of the world's largest tech companies are based in its capital Amsterdam or have established their European headquarters in the city, such as IBM, Microsoft, Google, Oracle, Cisco, Uber, Netflix and Tesla. Its second largest city Rotterdam is a major trade, logistics and economic center of the world and is Europe's largest seaport. Netherlands is ranked fifth on global innovation index and fourth on the Global Competitiveness Report.
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services. In some contexts, the two terms are distinct: the "international" or "global economy" is measured separately and distinguished from national economies, while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use and exchange, the definitions, representations, models and valuations of the world economy vary widely. It is inseparable from the geography and ecology of planet Earth.
This is a sequence of tables giving statistical data for past and future enlargements of the European Union. All data refer to the populations, land areas, and gross domestic products (GDP) of the respective countries at the time of their accession to the European Union, illustrating historically accurate changes to the Union. The GDP figures are at purchasing power parity, in United States dollar at 1990 prices.
The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector in strategic sectors. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 136th by GDP (nominal) and 125th by GDP (PPP). From independence in 1947 until 1991, successive governments followed the Soviet model and promoted protectionist economic policies, with extensive Sovietization, state intervention, demand-side economics, natural resources, bureaucrat driven enterprises and economic regulation. This is characterised as dirigism, in the form of the Licence Raj. The end of the Cold War and an acute balance of payments crisis in 1991 led to the adoption of a broad economic liberalisation in India and indicative planning. Since the start of the 21st century, annual average GDP growth has been 6% to 7%.
The economy of the European Union is the joint economy of the member states of the European Union (EU). It is the second largest economy in the world in nominal terms, after the United States, and the third largest at purchasing power parity (PPP), after China and the US. The European Union's GDP is estimated to be $19.35 trillion (nominal) in 2024 or $26.64 trillion (PPP), representing around one-sixth of the global economy. Germany has the biggest national GDP of all EU countries, followed by France and Italy.
This is the Economic history of the Indian subcontinent. It includes the economic timeline of the region, from the ancient era to the present, and briefly summarizes the data presented in the Economic history of India and List of regions by past GDP (PPP) articles.
The World Economy: Historical Statistics is a landmark book by Angus Maddison. Published in 2004 by the OECD Development Centre, it studies the growth of populations and economies across the centuries: not just the world economy as it is now, but how it was in the past.
This article lists current estimates of the world population in history. In summary, estimates for the progression of world population since the Late Middle Ages are in the following ranges:
Angus Maddison was a distinguished British economist specialising in quantitative macro economic history, including the measurement and analysis of economic growth and development.
The role and scale of British imperial policy during the British Raj on India's relative decline in global GDP remains a topic of debate among economists, historians, and politicians. Some commentators argue that the effect of British rule was negative, and that Britain engaged in a policy of deindustrialisation in India for the benefit of British exporters, which left Indians relatively poorer than before British rule. Others argue that Britain's impact on India was either broadly neutral or positive, and that India's declining share of global GDP was due to other factors, such as new mass production technologies or internal ethnic conflict.
The Penn World Table (PWT) is a set of national-accounts data developed and maintained by scholars at the University of California, Davis and the Groningen Growth Development Centre of the University of Groningen to measure real GDP across countries and over time. Successive updates have added countries, years (1950-2019), and data on capital, productivity, employment and population. The current version of the database, version 10, thus allows for comparisons of relative GDP per capita, as a measure of standard of living, the productive capacity of economies and their productivity level. Compared to other databases, such as the World Bank's World Development Indicators, the time period covered is larger and there is more data that is useful for comparing productivity across countries and over time.
The Maddison Project, also known as the Maddison Historical Statistics Project, is a project to collate historical economic statistics, such as GDP, GDP per capita, and labor productivity.
The Total Economy Database describes itself as "a comprehensive database with annual data covering GDP, population, employment, hours, labor quality, capital services, labor productivity, and Total Factor Productivity for 123 countries in the world".