Sociology Index

GROSS DOMESTIC PRODUCT

Gross Domestic Product is the value of all goods and services including the value of dividend, interest and other payments made to overseas investors produced by a nation over any one given year period.

The gross domestic product (GDP) and gross domestic income (GDI), a basic measure of an economy's economic performance, is the market value of all final goods and services produced within the borders of a nation in a given year. "Gross" means that depreciation of capital stock is not subtracted out of Gross Domestic Product.

Gross Domestic Product can be looked at in three ways:

  • Gross Domestic Product is equal to the total expenditures for all final goods and services produced within the country in a given year.
  • Gross Domestic Product is equal to the sum of the value added at every stage of production by all the industries within a country, plus taxes, minus subsidies on products  in a given year.
  • Gross Domestic Product is equal to the sum of the income generated by production in the country in a given year, that is, compensation of employees, taxes on production and imports minus subsidies, and gross operating surplus or profits.

Gross Domestic Product List by the International Monetary Fund 2008 - World 60,689,812, European Union 18,394,115

Rank Country Gross Domestic Product (millions of USD)
1 United States 14,264,600
2 Japan 4,923,761
3 China (PRC) 4,401,614h
4 Germany 3,667,513
5 France 2,865,737
6 United Kingdom 2,674,085
7 Italy 2,313,893
8 Russia 1,676,586
9 Spain 1,611,767
10 Brazil 1,572,839
11 Canada 1,510,957
12 India 1,209,686

13 Mexico 1,088,128
14 Australia 1,010,699
15 South Korea 947,010
16 Netherlands 868,940
17 Turkey 729,443
18 Poland 525,735
19 Indonesia 511,765
20 Belgium 506,392
21 Switzerland 492,595
22 Sweden 484,550
23 Saudi Arabia 481,631
24 Norway 456,226
25 Austria 415,321
26 Taiwan Province of China 392,552
27 Greece 357,549
28 Iran 344,820
29 Denmark 342,925
30 Argentina 326,474
31 Venezuela 319,443
32 South Africa 277,188
33 Finland 273,980
34 Ireland 273,328
35 Thailand 273,248
36 United Arab Emirates 260,141
37 Portugal 244,492
38 Colombia 240,654
39 Malaysia 222,219
40 Czech Republic 217,077
— Hong Kong 215,559
41 Nigeria 214,403
42 Israel 201,761
43 Romania 199,673
44 Singapore 181,939
45 Ukraine 179,725
46 Chile 169,573
47 Philippines 168,580
48 Pakistan 167,640
49 Egypt 162,164
50 Algeria 159,669
51 Kuwait 158,089
52 Hungary 156,284
53 Kazakhstan 132,229
54 New Zealand 128,492
55 Peru 127,598
56 Qatar 102,302
57 Libya 100,071
58 Slovakia 95,404
59 Iraq 90,907
60 Vietnam 89,829
61 Morocco 86,394
62 Angola 83,384
63 Bangladesh 81,938
64 Croatia 69,332
65 Belarus 60,288
66 Sudan 57,911
67 Luxembourg 54,973
68 Syria 54,803
69 Slovenia 54,639
70 Oman 52,584
71 Ecuador 52,572
72 Bulgaria 51,989
73 Serbia 50,061
74 Lithuania 47,304
75 Azerbaijan 46,378
76 Dominican Republic 45,597
77 Tunisia 40,348
78 Sri Lanka 39,604
79 Guatemala 38,956
80 Latvia 34,054
81 Uruguay 32,262
82 Kenya 30,236
83 Costa Rica 29,828
84 Lebanon 28,939
85 Uzbekistan 27,918
86 Myanmar 27,182
87 Yemen 27,151
88 Ethiopia 25,658
89 Cyprus 24,943
90 Trinidad and Tobago 24,806
91 Cameroon 23,243
92 C�te d'Ivoire 23,508
93 Estonia 23,232
94 Panama 23,088
95 El Salvador 22,115
96 Bahrain 21,236
97 Tanzania 20,721
98 Jordan 20,030
99 Bosnia and Herzegovina 18,469
100 Equatorial Guinea 18,525
101 Iceland 17,549
102 Bolivia 17,413
103 Ghana 16,124
104 Paraguay 16,006
105 Brunei 14,553
106 Uganda 14,529
107 Gabon 14,519
108 Jamaica 14,397
109 Senegal 13,350
110 Zambia 14,323
111 Honduras 14,126
112 Botswana 13,461
113 Albania 12,964
114 Georgia 12,870
115 Nepal 12,698
116 Afghanistan 12,061
117 Armenia 11,928
118 Democratic Republic of the Congo 11,589
119 Cambodia 11,182
120 Republic of the Congo 10,774
121 Mozambique 9,654
122 Madagascar 9,254
123 Republic of Macedonia 9,569
124 Mali 8,783
125 Mauritius 8,738
126 Namibia 8,456
127 Chad 8,390
128 Malta 8,338
129 Burkina Faso 8,103
130 Papua New Guinea 8,092
131 The Bahamas 7,463
132 Haiti 6,952
133 Benin 6,940
134 Nicaragua 6,350
135 Moldova 6,124
136 Niger 5,379
137 Laos 5,260
138 Mongolia 5,258
139 Tajikistan 5,135
140 Kyrgyzstan 5,049
141 Montenegro 4,822
142 Guinea 4,542
143 Rwanda 4,459
144 Malawi 4,268
145 Barbados 3,682
146 Fiji 3,590
147 Mauritania 3,161
148 Togo 2,890
149 Swaziland 2,843
150 Suriname 2,415
151 Central African Republic 1,997
152 Sierra Leone 1,955
153 Cape Verde 1,723
154 Lesotho 1,620
155 Eritrea 1,476
156 Belize 1,381
157 Bhutan 1,368
158 Maldives 1,259
159 Antigua and Barbuda 1,256
160 Guyana 1,130
161 Burundi 1,097
162 Saint Lucia 1,025
163 Djibouti 982
164 Liberia 836
165 Seychelles 834
166 The Gambia 808
167 Grenada 639
168 Saint Vincent and the Grenadines 601
169 Saint Kitts and Nevis 555
170 Vanuatu 573
171 Samoa 537
172 Comoros 532
173 East Timor 499
174 Solomon Islands 473
175 Guinea-Bissau 461
176 Dominica 364
177 Tonga 258
178 S�o Tom� and Pr�ncipe 176
179 Kiribati 137.