This is a list of European nations sorted by their Gross Domestic Product (GDP), the value of all final goods and services produced within a nation in a given year. The GDP dollar estimates presented here are derived from purchasing power parity (PPP) calculations for the latest years recorded in the CIA World Factbook. The list includes all members of the Council of Europe, Belarus and Kosovo. The figures provided are all quoted in US dollars.
less than 100 between 100 and 450 between 450 and 1000 over 1000 | Supranational political and economic union Partially recognised state Dependent territory |
Rank | Country | GDP (PPP) billions of USD | Year| Country | GDP (PPP) billions of USD | Year |
---|---|---|---|---|---|
- | European Union | $20,850 | 2017 est. | $25,399 | 2023 est. |
1 | Germany | $4,171 | 2017 est. | $5,545 | 2023 est. |
2 | Russia | $4,008 | 2017 est. | $4,998 | 2023 est. |
3 | United Kingdom | $2,914 | 2017 est. | $3,846 | 2023 est. |
4 | France | $2,836 | 2017 est. | $3,872 | 2023 est. |
5 | Italy | $2,311 | 2017 est. | $3,195 | 2023 est. |
6 | Turkey | $2,173 | 2017 est. | $3,572 | 2023 est. |
7 | Spain | $1,774 | 2017 est. | $2,363 | 2023 est. |
8 | Poland | $1,121 | 2017 est. | $1,705 | 2023 est. |
9 | Netherlands | $916.1 | 2017 est. | $1,290 | 2023 est. |
10 | Belgium | $528.5 | 2017 est. | $766 | 2023 est. |
11 | Sweden | $520.9 | 2017 est. | $712 | 2023 est. |
12 | Switzerland | $517.2 | 2017 est. | $774 | 2023 est. |
13 | Romania | $481.5 | 2017 est. | $783 | 2023 est. |
14 | Kazakhstan | $477.6 | 2017 est. | $652 | 2023 est. |
15 | Austria | $439.6 | 2017 est. | $630 | 2023 est. |
16 | Norway | $380.0 | 2017 est. | $452 | 2023 est. |
17 | Czech Republic | $375.7 | 2017 est. | $536 | 2023 est. |
18 | Ukraine | $368.8 | 2017 est. | $444 | 2023 est. |
19 | Ireland | $357.2 | 2017 est. | $752 | 2023 est. |
20 | Portugal | $313.4 | 2017 est. | $460 | 2023 est. |
21 | Greece | $298.7 | 2017 est. | $418 | 2023 est. |
22 | Hungary | $289.0 | 2017 est. | $426 | 2023 est. |
23 | Denmark | $286.8 | 2017 est. | $432 | 2023 est. |
24 | Finland | $244.0 | 2017 est. | $338 | 2023 est. |
25 | Slovakia | $179.4 | 2017 est. | $225 | 2023 est. |
26 | Belarus | $178.9 | 2017 est. | $217 | 2023 est. |
27 | Azerbaijan | $171.8 | 2017 est. | $193 | 2023 est. |
28 | Bulgaria | $153.1 | 2017 est. | $216 | 2023 est. |
29 | Serbia | $105.5 | 2017 est. | $173 | 2023 est. |
30 | Croatia | $101.3 | 2017 est. | $163 | 2023 est. |
31 | Lithuania | $91.2 | 2017 est. | $137 | 2023 est. |
32 | Slovenia | $71.1 | 2017 est. | $111 | 2023 est. |
33 | Luxembourg | $62.7 | 2017 est. | $93 | 2023 est. |
34 | Latvia | $53.9 | 2017 est. | $76 | 2023 est. |
35 | Bosnia and Herzegovina | $44.6 | 2017 est. | $68 | 2023 est. |
36 | Estonia | $41.6 | 2017 est. | $61 | 2023 est. |
37 | Georgia | $39.7 | 2017 est. | $80 | 2023 est. |
38 | Albania | $36.0 | 2017 est. | $54 | 2023 est. |
39 | Cyprus | $31.6 | 2017 est. | $50 | 2023 est. |
40 | North Macedonia | $31.0 | 2017 est. | $43 | 2023 est. |
41 | Armenia | $28.3 | 2017 est. | $57 | 2023 est. |
42 | Moldova | $20.1 | 2017 est. | $42 | 2023 est. |
43 | Kosovo | $19.6 | 2017 est. | $27 | 2023 est. |
44 | Malta | $19.3 | 2017 est. | $32 | 2023 est. |
45 | Iceland | $17.7 | 2017 est. | $26 | 2023 est. |
46 | Montenegro | $10.1 | 2017 est. | $28 | 2023 est. |
47 | Monaco | $7.7 | 2015 est. | - | 2023 est. |
- | Isle of Man | $6.8 | 2015 est. | - | 2023 est. |
- | Jersey | $5.6 | 2016 est. | - | 2023 est. |
48 | Liechtenstein | $5.0 | 2014 est. | - | 2023 est. |
- | Guernsey | $3.5 | 2015 est. | - | 2023 est. |
49 | Andorra | $3.3 | 2015 est. | $5.7 | 2023 est. |
50 | San Marino | $2.1 | 2017 est. | $2,6 | 2023 est. |
- | Gibraltar | $2.0 | 2014 est. | - | 2023 est. |
- | Faroe Islands | $2.0 | 2014 est. | - | 2023 est. |
Total | $26,700 | Total | $41,141 | ||
The gross world product (GWP), also known as gross world income (GWI), is the combined gross national income of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP). According to the World Bank, the 2013 nominal GWP was approximately 75.59 trillion United States dollars. In 2017, according to the CIA's World Factbook, the GWP was around $80.27 trillion in nominal terms and totaled approximately 127.8 trillion international dollars in terms of purchasing power parity (PPP). The per capita PPP GWP in 2017 was approximately 17,500 international dollars according to the World Factbook. According to the World Bank, the 2020 GWP in current dollars was approximately $84.705 trillion.
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, exchange of financial values and trade of goods and services. In some contexts, the two terms are distinct: the "international" or "global economy" is measured separately and distinguished from national economies, while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use and exchange, the definitions, representations, models and valuations of the world economy vary widely. It is inseparable from the geography and ecology of planet Earth.
The economy of the Organisation of Islamic Cooperation (OIC) combines the economies of 56* member states. 49* are predominantly Muslim states. As of 2013, the combined GDP (nominal) of 48* Muslim majority countries was US$ 12.97 trillion. As of 2016, they contributed 8% of the world's total. Those 57* OIC countries have a combined GDP of US$ 23.948trillion. The largest economic country based on total PPP and Nominal GDP is Indonesia. The richest country on the basis of GDP per capita at PPP is Qatar, with incomes exceeding $133,357 per capita. On the basis of per capita GDP, Qatar is also the richest country, with incomes exceeding US$68,977 per capita. According to a report by Salam Standard, the GDP impact of the world’s Muslim tourism sector exceeded $138 billion in 2015, generating 4.3 million jobs and contributing more than $18 billion in tax revenue.