GDP Per Country
The chart above displays the Gross Domestic Product (GDP) for various countries over time.
A country's GDP represents the final market value of all the products and services that a country produces in a single year. These GDP figures are calculated using the production approach, which sums up the "value added" at each stage of production across all industries, capturing the additional worth created from raw materials to final products while avoiding double-counting.
To enable direct international comparison, the GDP numbers in this chart are converted using market exchange rates rather than Purchasing Power Parity (PPP). This method converts local currencies to USD using current market rates but doesn't account for differences in purchasing power. PPP conversion, by contrast, adjusts for price level differences across countries. While exchange rate GDP is useful for comparing market sizes and international economic influence, PPP GDP is often preferred for comparing economic welfare and living standards across countries.
The chart above displays the Gross Domestic Product (GDP) per capita for various countries over time. GDP per capita is calculated by dividing a country's total GDP by its population, providing an average measure of economic output per person.
As with the first chart, these figures are converted using market exchange rates rather than using PPP. However, in contrast to the first chart, the values are in constant 2010 U.S. Dollars, adjusting all GDP figures for inflation to reflect 2010 purchasing power. This common base year allows for meaningful comparisons across time and countries, focusing on real economic growth by removing price change effects.
This chart illustrates the relative economic size of the world's top 30 economies by showing their share of the total GDP over time.
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