GDP stands for Gross Domestic Product. A nation’s Gross Domestic Product refers to the value of all final goods and services produced within a nation in a given year. To prevent distortions, a system called purchasing power parity (PPP) is used to calculate the GDP estimates. The PPP method involves the use of standardized international dollar price weights to determine the value goods and services produced in a given economy. The amounts listed below are in billions of U.S. dollars.
country
GDP in billions of US dollars
United States
10,400
China
5,700
Japan
3,550
India
2,660
Germany
2,180
France
1,540
United Kingdom
1,520
Italy
1,440
Brazil
1,340
Russia
1,270
South Korea
931
Canada
923
Mexico
900
Spain
828
Indonesia
687
Australia
528
Turkey
468
Iran
456
Netherlands
434
South Africa
432
Thailand
429
Argentina
391
Taiwan
391
Poland
368
Philippines
356