Finance:Trillion dollar club (macroeconomics)

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Short description: Countries with a GDP of more than US$1 trillion

The Trillion dollar club is an unofficial classification of the world's major economies with a gross domestic product (nominal GDP) of more than US$1 trillion per year.[1][2] As of 2023, it included 19 countries. This does not include purchasing power parity, which increases the GDP of many countries with an undervalued currency, which are usually poorer countries.

All of the G8 and BRIC countries are currently $1 trillion economies in United States dollars. Since currency valuations can be subject to rapid change, a country could achieve the US$1 trillion nominal GDP mark one year and then produce less than that in total goods and services the following year(s). The 2010 data used here are compiled according to the International Monetary Fund (IMF) values. As for the former Soviet Union, the last statistics about its economy stated that it had an over US$2.5 trillion economy in the 1990 fiscal year, before its collapse.

US$1 trillion – US$10 trillion

US$1 trillion economy

Year Country Source
1969  United States [3]
1972  EU [3]
1979  Japan [3]
1987  Germany [3]
1988  France [3]
1989  United Kingdom [3]
1990  Italy [3]
1998  China [3]
2004  Spain [3]
2004  Canada [3]
2006  Brazil [3]
2006  South Korea [3]
2007  India [3]
2007  Mexico [3]
2007  Russia [3]
2008  Australia [3]
2017  Indonesia [3]
2021  Netherlands [4]
2022  Saudi Arabia [5]
2023  Turkey [6]

US$2 trillion economy

Year Country Source
1977  EU [3]
1977  United States [3]
1986  Japan [3]
1992  Germany [3]
2004  France [3]
2004  United Kingdom [3]
2005  China [3]
2007  Italy [3]
2010  Brazil [3]
2011  Russia [3]
2014  India [3]
2021  Canada [3]

US$3 trillion economy

Year Country Source
1979  EU [3]
1981  United States [3]
1988  Japan [3]
2006  Germany [3]
2007  China [3]
2007  United Kingdom [4]
2021  India [4]
2022  France [7]

US$4 trillion economy

Year Country Source
1984  United States [3]
1986  EU [3]
1993  Japan [3]
2008  China [3]
2018  Germany [3]

US$5 trillion economy

Year Country Source
1987  EU [3]
1988  United States [3]
1995  Japan [3]
2009  China [3]

US$6 trillion economy

Year Country Source
1989  EU [3]
1992  United States [3]
2010  China [3]
2011  Japan [3]

US$7 trillion economy

Year Country Source
1990  EU [3]
1994  United States [3]
2011  China [3]

US$8 trillion economy

Year Country Source
1992  EU [3]
1996  United States [3]
2012  China [3]

US$9 trillion economy

Year Country Source
1995  EU [3]
1998  United States [3]
2013  China [3]

US$10 trillion economy

Year Country Source
2000  United States [3]
2003  EU [3]
2014  China [3]

US$11 trillion – US$20 trillion

US$11 trillion economy

Year Country Source
2003  United States [3]
2004  EU [3]
2015  China [3]

US$12 trillion economy

Year Country Source
2004  EU [3]
2004  United States [3]
2017  China [3]

US$13 trillion economy

Year Country Source
2004  EU [3]
2005  United States [3]
2018  China [3]

US$14 trillion economy

Year Country Source
2005  EU [3]
2007  United States [3]
2019  China [3]

US$15 trillion economy

Year Country Source
2006  EU [3]
2011  United States [3]
2021  China [4]

US$16 trillion economy

Year Country Source
2007  EU [3]
2012  United States [3]
2021  China [4]

US$17 trillion economy

Year Country Source
2007  EU [3]
2014  United States [3]
2021  China [3]

US$18 trillion economy

Year Country Source
2008  EU [3]
2015  United States [3]
2023  China [4]

US$19 trillion economy

Year Country Source
2008  EU [3]
2018  United States [3]
2023  China [4]

US$20 trillion economy

Year Country Source
2018  United States [3]

US$21 trillion – US$30 trillion

US$21 trillion economy

Year Country Source
2019  United States [3]

US$22 trillion economy

Year Country Source
2021  United States [3]

US$23 trillion economy

Year Country Source
2023  United States [8]

US$24 trillion economy

Year Country Source
2023  United States [9]

US$25 trillion economy

Year Country Source
2023  United States [10]

See also

References

  1. ↑ Welcome to the Trillion Dollar Club - Forbes.com 26 April 2007
  2. ↑ Indian joins the Trillion Dollar Club - The Hindu 27 April 2007
  3. ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 3.20 3.21 3.22 3.23 3.24 3.25 3.26 3.27 3.28 3.29 3.30 3.31 3.32 3.33 3.34 3.35 3.36 3.37 3.38 3.39 3.40 3.41 3.42 3.43 3.44 3.45 3.46 3.47 3.48 3.49 3.50 3.51 3.52 3.53 3.54 3.55 3.56 3.57 3.58 3.59 3.60 3.61 3.62 3.63 3.64 3.65 3.66 3.67 3.68 3.69 3.70 3.71 3.72 3.73 3.74 3.75 3.76 3.77 3.78 3.79 3.80 3.81 3.82 3.83 3.84 "World Bank". https://data.worldbank.org/indicator/NY.GDP.MKTP.CD. 
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 "Report for Selected Countries and Subjects". https://www.imf.org/en/Publications/WEO/weo-database/2021/April/weo-report. 
  5. ↑ "Saudi GDP Exceeds $1 Tln, Shows Kingdom's Economy Is on Right Track". https://english.aawsat.com/home/article/4215696/saudi-gdp-exceeds-1-tln-shows-kingdom%E2%80%99s-economy-right-track. 
  6. ↑ "April 2023". https://www.imf.org/en/Data. 
  7. ↑ "GDP from 2020 through 2024, April 2021 estimate | World Economic Outlook Database". https://www.imf.org/en/Publications/WEO/weo-database/2021/April/weo-report?c=132,&s=NGDPD,&sy=2020&ey=2024&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1. 
  8. ↑ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". https://www.bea.gov/news/2023/gross-domestic-product-fourth-quarter-and-year-2022-second-estimate#:~:text=Current%E2%80%91dollar%20GDP%20increased%206.7,billion,%20from%20the%20previous%20estimate.. 
  9. ↑ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". https://www.bea.gov/news/2023/gross-domestic-product-fourth-quarter-and-year-2022-second-estimate#:~:text=Current%E2%80%91dollar%20GDP%20increased%206.7,billion,%20from%20the%20previous%20estimate.. 
  10. ↑ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". https://www.bea.gov/news/2023/gross-domestic-product-fourth-quarter-and-year-2022-second-estimate#:~:text=Current%E2%80%91dollar%20GDP%20increased%206.7,billion,%20from%20the%20previous%20estimate.. 



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