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Trillion dollar club (macroeconomics)

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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.

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

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US$1 trillion economy

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Year Land Source
1969  Vereinigte Staaten [3]
1972  European Union [3]
1979  Japan [3]
1987  West Germany [3]
1988  Frankreich [3]
1989  Vereinigtes Königreich [3]
1990  Italien [3]
1998  China [3]
2004  Spanien [3]
2004  Kanada [3]
2006  Brasilien [3]
2006  Südkorea [3]
2007  Indien [3]
2007  Mexiko [3]
2007  Russland [3]
2008  Australien [3]
2017  Indonesien [3]
2021  Niederlande [4]
2022  Saudi-Arabien [5]
2023  Türkei [6]

US$2 trillion economy

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Year Land Source
1977  European Union [3]
1977  Vereinigte Staaten [3]
1986  Japan [3]
1992  Deutschland [3]
2004  Frankreich [3]
2004  Vereinigtes Königreich [3]
2005  China [3]
2007  Italien [3]
2010  Brasilien [3]
2011  Russland [3]
2014  Indien [3]
2021  Kanada [3]

US$3 trillion economy

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Year Land Source
1979  European Union [3]
1981  Vereinigte Staaten [3]
1988  Japan [3]
2006  Deutschland [3]
2007  China [3]
2007  Vereinigtes Königreich [4]
2021  Indien [4]
2022  Frankreich [7]

US$4 trillion economy

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Year Land Source
1984  Vereinigte Staaten [3]
1986  European Union [3]
1993  Japan [3]
2008  China [3]
2018  Deutschland [3]
2024  Indien [3]

US$5 trillion economy

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Year Land Source
1987  European Union [3]
1988  Vereinigte Staaten [3]
1995  Japan [3]
2009  China [3]

US$6 trillion economy

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Year Land Source
1989  European Union [3]
1992  Vereinigte Staaten [3]
2010  China [3]
2011  Japan [3]

US$7 trillion economy

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Year Land Source
1990  European Union [3]
1994  Vereinigte Staaten [3]
2011  China [3]

US$8 trillion economy

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Year Land Source
1992  European Union [3]
1996  Vereinigte Staaten [3]
2012  China [3]

US$9 trillion economy

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Year Land Source
1995  European Union [3]
1998  Vereinigte Staaten [3]
2013  China [3]

US$10 trillion economy

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Year Land Source
2000  Vereinigte Staaten [3]
2004  European Union [3]
2014  China [3]

US$10 trillion – US$20 trillion

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US$11 trillion economy

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Year Land Source
2003  Vereinigte Staaten [3]
2004  European Union [3]
2015  China [3]

US$12 trillion economy

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Year Land Source
2004  European Union [3]
2004  Vereinigte Staaten [3]
2017  China [3]

US$13 trillion economy

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Year Land Source
2004  European Union [3]
2005  Vereinigte Staaten [3]
2018  China [3]

US$14 trillion economy

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Year Land Source
2005  European Union [3]
2007  Vereinigte Staaten [3]
2019  China [3]

US$15 trillion economy

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Year Land Source
2006  European Union [3]
2011  Vereinigte Staaten [3]
2021  China [4]

US$16 trillion economy

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Year Land Source
2007  European Union [3]
2012  Vereinigte Staaten [3]
2021  China [4]

US$17 trillion economy

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Year Land Source
2007  European Union [3]
2014  Vereinigte Staaten [3]
2021  China [3]

US$18 trillion economy

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Year Land Source
2008  European Union [3]
2015  Vereinigte Staaten [3]
2023  China [4]

US$19 trillion economy

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Year Land Source
2008  European Union [3]
2018  Vereinigte Staaten [3]
2023  China [4]

US$20 trillion economy

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Year Land Source
2018  Vereinigte Staaten [3]

US$21 trillion – US$30 trillion

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US$21 trillion economy

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Year Land Source
2019  Vereinigte Staaten [3]

US$22 trillion economy

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Year Land Source
2021  Vereinigte Staaten [3]

US$23 trillion economy

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Year Land Source
2023  Vereinigte Staaten [8]

US$24 trillion economy

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Year Land Source
2023  Vereinigte Staaten [9]

US$25 trillion economy

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Year Land Source
2023  Vereinigte Staaten [10]

See also

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References

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  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. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bp bq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch "World Bank". Data.worldbank.org. Retrieved 6 May 2019.
  4. ^ a b c d e f g "Report for Selected Countries and Subjects". IMF.org. Retrieved 3 March 2022.
  5. ^ "Saudi GDP Exceeds $1 Tln, Shows Kingdom's Economy Is on Right Track".
  6. ^ "April 2023".
  7. ^ "GDP from 2020 through 2024, April 2021 estimate | World Economic Outlook Database".
  8. ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.
  9. ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.
  10. ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.

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