GDP WORLD RANKINGS GROSS DOMESTIC PRODUCT PROJECTIONS 2018 TO 2023

ONE WORLD ONE OCEAN - In the role of guardians of your geographical regions, there is also a responsibility to develop the blue economy for the international circular economies that a sustainable society requires if we are not to burn planet earth out.

The Gross Domestic Product or GDP of any nation is a reflection of their financial growth linked to carbon emissions and food consumption. Hence, the GDP is an indicator of future energy and food needs of the following countries:

**GDP RANKING 2018** **(Nominal)**
Rank	Country/Economy	GDP (Nominal) (billions of $)					Growth (%)	GDP per capita (Nom) ($)
Rank	Country/Economy	2018	% Share	diff	2023	Rank	Growth (%)	2018	Rank
-	-	-	-	-	-	-	-	-	-
1	United States	20,412.87	23.3	-	24,537	1	2.27	62,152	9
2	China	14,092.51	16.1	6320	21,574	2	6.86	10,088	72
3	Japan	5,167.05	5.90	8925	5,962	3	1.71	40,849	25
4	Germany	4,211.64	4.81	955	5,272	4	2.51	50,842	17
5	United Kingdom	2,936.29	3.36	1275	3,477	7	1.79	44,177	23
6	France	2,925.10	3.34	11.2	3,586	6	1.85	44,934	21
7	India	2,848.23	3.25	76.9	4,663	5	6.74	2,135	142
8	Italy	2,181.97	2.49	666	2,554	9	1.47	35,914	27
9	Brazil	2,138.92	2.44	43.1	2,717	8	0.98	10,224	71
10	Canada	1,798.51	2.06	340	2,434	10	3.00	48,466	20
11	Russia	1,719.90	1.97	78.6	1,974	12	1.55	11,947	65
12	Korea	1,693.25	1.94	26.7	2,155	11	3.09	32,775	29
13	Spain	1,506.44	1.72	187	1,875	14	3.05	32,559	31
14	Australia	1,500.26	1.71	6.18	1,958	13	2.27	59,655	11
15	Mexico	1,212.83	1.39	287	1,586	15	2.04	9,723	74
16	Indonesia	1,074.97	1.23	138	1,549	16	5.07	4,052	116
17	Netherlands	945.33	1.08	130	1,168	18	3.11	55,185	13
18	Turkey	909.89	1.04	35.4	1,224	17	7.05	11,114	68
19	Saudi Arabia	748.00	0.855	162	866.0	21	-0.74	22,650	42
20	Switzerland	741.69	0.848	6.32	929.3	19	1.07	86,835	2
21	Argentina	625.92	0.715	116	831.7	22	2.86	14,044	60
22	Poland	614.19	0.702	11.7	793.2	23	4.55	16,180	55
23	Taiwan Province China	613.30	0.701	0.90	659.6	26	2.79	25,977	37
24	Sweden	600.77	0.687	12.5	745.0	24	2.40	58,345	12
25	Belgium	562.23	0.643	38.5	685.8	25	1.71	49,272	18
26	Thailand	483.74	0.553	78.5	649.9	27	3.90	6,992	85
27	Austria	477.67	0.546	6.07	595.4	28	2.90	53,764	14
28	Norway	443.25	0.507	34.4	520.6	31	1.81	82,711	5
29	Islamic Republic Iran	418.88	0.479	24.4	472.3	36	4.28	5,086	102
30	United Arab Emirates	411.83	0.471	7.05	515.4	32	0.53	39,484	26
31	Nigeria	408.61	0.467	3.21	873.9	20	0.82	2,108	143
32	Ireland	385.14	0.440	23.5	505.6	33	7.81	80,641	6
33	Israel	373.75	0.427	11.4	482.1	35	3.32	42,115	24
34	South Africa	370.89	0.424	2.86	455.8	39	1.32	6,459	91
35	Denmark	369.76	0.423	1.13	465.4	38	2.11	63,830	8
36	Malaysia	364.92	0.417	4.84	568.0	29	5.90	11,237	67
37	Hong Kong SAR	364.78	0.417	0.14	489.8	34	3.82	48,829	19
38	Singapore	349.66	0.400	15.1	437.8	41	3.62	61,767	10
39	Philippines	332.45	0.380	17.2	523.0	30	6.67	3,095	131
40	Colombia	327.98	0.375	4.47	435.0	42	1.77	6,581	89
41	Pakistan	324.73	0.289	3.25	471.4	37	5.28	1615	151
42	Finland	289.56	0.331	35.2	356.8	47	2.99	52,422	15
43	Bangladesh	285.82	0.327	3.74	444.2	40	7.14	1,734	150
44	Chile	280.27	0.320	5.55	359.8	45	1.47	15,087	58
45	Egypt	253.25	0.289	27.0	367.6	44	4.23	2611	135
46	Czech Republic	251.58	0.288	1.67	358.2	46	4.29	23,750	40
47	Portugal	248.89	0.284	2.69	301.8	50	2.67	24,237	39
48	Romania	245.59	0.281	3.30	350.6	48	7.00	12,575	63
49	Vietnam	240.78	0.275	4.81	373.8	43	6.81	2,546	137
50	Peru	231.57	0.265	9.21	311.2	49	2.51	7,199	84
-	-	-	-	-	-	-	-	-	-
	World	87,505			114,353			11,727

**GDP RANKING 2018** **(PPP)**
Rank	Country/Economy	GDP (PPP) (billions Int. $)					Growth (%)	GDP per capita (PPP) (Int. $)
Rank	Country/Economy	2018	% Share	diff	2023	Rank	Growth (%)	2018	Rank
-	-	-	-	-	-	-	-	-	-
1	China	25,238.56	18.7	-	37,067	1	6.86	18,066	79
2	United States	20,412.87	15.1	4826	24,537	2	2.27	62,152	12
3	India	10,385.43	7.69	10027	16,785	3	6.74	7,784	126
4	Japan	5,619.49	4.16	4766	6,358	4	1.71	44,426	31
5	Germany	4,373.95	3.24	1246	5,171	5	2.51	52,801	18
6	Russia	4,168.88	3.09	205	4,933	7	1.55	28,958	54
7	Indonesia	3,492.21	2.59	677	5,033	6	5.07	13,162	99
8	Brazil	3,388.96	2.51	103	4,168	8	0.98	16,199	84
9	United Kingdom	3,028.57	2.24	360	3,598	9	1.79	45,566	28
10	France	2,960.25	2.19	68.3	3,544	10	1.85	45,474	29
11	Mexico	2,571.68	1.91	389	3,267	11	2.04	20,617	68
12	Italy	2,399.83	1.78	172	2,755	13	1.47	39,500	35
13	Turkey	2,320.64	1.72	79.2	3,053	12	7.05	28,347	55
14	Korea	2,138.24	1.58	182	2,693	14	3.09	41,388	32
15	Spain	1,864.11	1.38	274	2,240	17	3.05	40,290	33
16	Canada	1,847.08	1.37	17.0	2,216	18	3.00	49,775	24
17	Saudi Arabia	1,844.75	1.37	2.33	2,250	16	-0.74	55,859	15
18	Islamic Republic Iran	1,749.43	1.30	95.3	2,356	15	4.28	21,241	67
19	Australia	1,312.53	0.972	437	1,653	21	2.27	52,191	20
20	Thailand	1,310.57	0.971	1.96	1,721	20	3.90	18,944	75
21	Egypt	1,292.75	0.902	17.8	1	19	4.23	2,611	135
22	Taiwan Province China	1,234.86	0.915	57.9	1,498	24	2.79	52,305	19
23	Poland	1,193.11	0.884	41.8	1,517	23	4.55	31,430	48
24	Nigeria	1,168.40	0.866	24.7	1,417	26	0.82	6,027	134
25	Pakistan	1,141.21	0.796	27.2	1	22	5.28	1,615	151
26	Malaysia	1,002.06	0.742	139	1,397	27	5.90	30,858	50
27	Netherlands	966.74	0.716	35.3	1,176	29	3.11	56,436	14
28	Argentina	959.53	0.711	7.21	1,235	28	2.86	21,529	66
29	Philippines	955.22	0.708	4.31	1,466	25	6.67	8,893	120
30	South Africa	794.71	0.589	161	954.1	33	1.32	13,840	93
31	Bangladesh	751.95	0.557	42.8	1,159	30	7.14	4,561	144
32	Colombia	750.28	0.556	1.67	980.4	32	1.77	15,055	89
33	United Arab Emirates	716.17	0.531	34.1	916.0	34	0.53	68,662	8
34	Vietnam	705.77	0.523	10.4	1,062	31	6.81	7,463	127
35	Iraq	694.65	0.515	11.1	883.9	35	-0.80	17,429	82
36	Algeria	666.96	0.494	27.7	783.8	36	1.99	15,758	86
37	Singapore	554.86	0.411	112	694.4	37	3.62	98,014	4
38	Belgium	550.66	0.408	4.19	652.6	40	1.71	48,258	25
39	Sweden	546.53	0.405	4.13	663.5	39	2.40	53,078	17
40	Switzerland	541.35	0.401	5.18	649.2	41	1.07	63,380	11
41	Romania	517.51	0.383	23.8	664.9	38	7.00	26,499	60
42	Kazakhstan	503.89	0.373	13.6	645.6	42	3.99	27,293	58
43	Hong Kong SAR	482.10	0.357	21.8	616.3	43	3.82	64,533	10
44	Chile	476.82	0.353	5.29	610.5	44	1.47	25,668	62
45	Austria	461.43	0.342	15.4	548.5	47	2.90	51,936	21
46	Peru	450.15	0.333	11.3	599.2	45	2.51	13,994	92
47	Czech Republic	397.73	0.295	52.4	497.0	49	4.29	37,546	39
48	Norway	396.92	0.294	0.81	479.6	51	1.81	74,065	7
49	Ukraine	389.20	0.288	7.72	512.5	48	2.53	9,215	118
50	Ireland	381.72	0.283	7.48	491.9	50	7.81	79,925	5
-	-	-	-	-	-	-	-	-	-
	World	134,981			178,018			18,089

INTERNATIONAL ORGANIZATIONS 2018

WORLD BANK

FINANCIAL STABILITY BOARD

INT MONETARY FUND

UNITED NATIONS

FOOD & AGRICULTURE ORG

INT LABOUR ORG

WORLD TRADE ORG

ORG ECONOMIC COOPERATION & DEV

WORLD HEALTH ORG

STABLE FINANCES DEMANDS FOOD & ENERGY SECURITY

This above rankings are based on projections by International Monetary Fund (IMF) outlook dated April 2018 for year 2018 and 2023.

According to the IMF the top ten countries in nominal terms in 2018 were : United States, China, Japan, Germany, United Kingdom, France, India, Italy, Brazil and Canada. In ppp terms, Top ten countries are : China, United States, India, Japan, Germany, Russia, Indonesia, Brazil, United Kingdom and France.

In the top 10, eight countries are common in both methods. Italy and Canada are in top 10 on nominal basis, while Russia and Indonesia are in the top 10 on ppp basis. Contribution of top ten economies is 67.1 percent and 61.54 percent of total global wealth in nominal and ppp terms, respectively.

In both methods the United States and China occupied the first two places. The US is the largest economy of the world on nominal basis whereas China is largest on ppp basis. US is ahead of China by $6320 billion in 2018. This margin may come down to $2963 in 2023. China has overtook US in 2014 on ppp basis. China will remain the world's largest economy on ppp basis over the next few decades as 2nd ranked US is growing slow and 3rd ranked India is way behind.

In nominal ranking, the gap between United Kingdom, France and India (5th to 7th) is very low. India as a fast growing nation may overtake them within 1-2 year.

Among the top 10 economies, India has very low per capita income having 142th position in nominal and 126th position in ppp ranking. next lower ranked economy is china at 72th place in nominal and Indonesia at 99th place in ppp terms.

United States (1,9) is present in both list of top ten GDP and GDP per capita ranking at nominal terms. Germany (4,17), Canada (10,20), Australia (14,11), Netherlands (17,13) and Switzerland (20,2) are in top twenty list of both ranking. In PPP, no economy in top ten in both ranking. Four economies in both list of top 20: United States (2,12), Germany (5,18), Saudi Arabia (17,15) and Australia (19,20).