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Economy > Gross Domestic Product > GDP > Size of GDP > Gross domestic product: Countries Compared

DEFINITION: What does gross domestic product mean? "Gross" signifies that no deduction has been made for the depreciation of machinery, buildings and other capital products used in production. "Domestic" means that it is production by the resident institutional units of the country. As many products are used to produce other products it is necessary to define production in terms of value added.

GDP can be measured in three different ways: as output less intermediate consumption (i.e. value added) plus taxes less subsidies on products (such as VAT); as the income earned from production by summing employee compensation, the gross operating surplus of enterprises and government, the gross mixed income of unincorporated enterprises and net taxes on production and imports (VAT, payroll tax, import duties, etc, less subsidies); or as the expenditure on the goods and services produced by summing final consumption expenditures, gross fixed capital formation, changes in inventories and exports less imports.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH
1 United States $13,741.60 Billion US dollars, curre 2009
2 Japan $4,295.94 Billion US dollars, curre 2009
Group of 7 countries (G7) average (profile) $4,026.34 Billion US dollars, curre 2009
3 Germany $2,829.08 Billion US dollars, curre 2009
4 United Kingdom $2,168.06 Billion US dollars, curre 2009
5 France $2,077.95 Billion US dollars, curre 2009
6 Italy $1,802.18 Billion US dollars, curre 2009
7 Mexico $1,479.89 Billion US dollars, curre 2009
8 Spain $1,417.37 Billion US dollars, curre 2009
High income OECD countries average (profile) $1,336.54 Billion US dollars, curre 2009
9 Canada $1,269.59 Billion US dollars, curre 2009
10 South Korea $1,201.77 Billion US dollars, curre 2009
11 Turkey $960.26 Billion US dollars, curre 2009
12 Australia $794.61 Billion US dollars, curre 2009
13 Netherlands $642.38 Billion US dollars, curre 2009
14 Poland $609.42 Billion US dollars, curre 2009
15 Belgium $375.83 Billion US dollars, curre 2009
16 Sweden $334.85 Billion US dollars, curre 2009
17 Greece $318.13 Billion US dollars, curre 2009
18 Austria $308.66 Billion US dollars, curre 2009
19 Switzerland $308.62 Billion US dollars, curre 2009
20 Norway $251.66 Billion US dollars, curre 2009
21 Czech Republic $248.03 Billion US dollars, curre 2009
22 Portugal $242.03 Billion US dollars, curre 2009
23 Denmark $196.35 Billion US dollars, curre 2009
24 Ireland $196.18 Billion US dollars, curre 2009
25 Hungary $188.59 Billion US dollars, curre 2009
26 Finland $183.60 Billion US dollars, curre 2009
27 New Zealand $114.80 Billion US dollars, curre 2009
28 Slovakia $108.36 Billion US dollars, curre 2009
29 Luxembourg $38.30 Billion US dollars, curre 2009
30 Iceland $11.12 Billion US dollars, curre 2009

Citation

"Countries Compared by Economy > Gross Domestic Product > GDP > Size of GDP > Gross domestic product. International Statistics at NationMaster.com", OECD Country statistical profiles 2009. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/stats/Economy/Gross-Domestic-Product/GDP/Size-of-GDP/Gross-domestic-product

Economy > Gross Domestic Product > GDP > Size of GDP > Gross domestic product: Countries Compared Map

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