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.

Contents

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

YearCountrySource
1969Flag of the United States.svg  United States [3]
1972Flag of Europe.svg  European Union [3]
1979Flag of Japan.svg  Japan [3]
1987Flag of Germany.svg  West Germany [3]
1988Flag of France.svg  France [3]
1989Flag of the United Kingdom.svg  United Kingdom [3]
1990Flag of Italy.svg  Italy [3]
1998Flag of the People's Republic of China.svg  China [3]
2004Flag of Spain.svg  Spain [3]
2004Flag of Canada (Pantone).svg  Canada [3]
2006Flag of Brazil.svg  Brazil [3]
2006Flag of South Korea.svg  South Korea [3]
2007Flag of India.svg  India [3]
2007Flag of Mexico.svg  Mexico [3]
2007Flag of Russia.svg  Russia [3]
2008Flag of Australia (converted).svg  Australia [3]
2017Flag of Indonesia.svg  Indonesia [3]
2021Flag of the Netherlands.svg  Netherlands [4]
2022Flag of Saudi Arabia.svg  Saudi Arabia [5]
2023Flag of Turkey.svg  Turkey [6]

US$2 trillion economy

YearCountrySource
1977Flag of Europe.svg  European Union [3]
1977Flag of the United States.svg  United States [3]
1986Flag of Japan.svg  Japan [3]
1992Flag of Germany.svg  Germany [3]
2004Flag of France.svg  France [3]
2004Flag of the United Kingdom.svg  United Kingdom [3]
2005Flag of the People's Republic of China.svg  China [3]
2007Flag of Italy.svg  Italy [3]
2010Flag of Brazil.svg  Brazil [3]
2011Flag of Russia.svg  Russia [3]
2014Flag of India.svg  India [3]
2021Flag of Canada (Pantone).svg  Canada [3]

US$3 trillion economy

YearCountrySource
1979Flag of Europe.svg  European Union [3]
1981Flag of the United States.svg  United States [3]
1988Flag of Japan.svg  Japan [3]
2006Flag of Germany.svg  Germany [3]
2007Flag of the People's Republic of China.svg  China [3]
2007Flag of the United Kingdom.svg  United Kingdom [4]
2021Flag of India.svg  India [4]
2022Flag of France.svg  France [7]

US$4 trillion economy

YearCountrySource
1984Flag of the United States.svg  United States [3]
1986Flag of Europe.svg  European Union [3]
1993Flag of Japan.svg  Japan [3]
2008Flag of the People's Republic of China.svg  China [3]
2018Flag of Germany.svg  Germany [3]
2024Flag of India.svg  India [3]

US$5 trillion economy

YearCountrySource
1987Flag of Europe.svg  European Union [3]
1988Flag of the United States.svg  United States [3]
1995Flag of Japan.svg  Japan [3]
2009Flag of the People's Republic of China.svg  China [3]

US$6 trillion economy

YearCountrySource
1989Flag of Europe.svg  European Union [3]
1992Flag of the United States.svg  United States [3]
2010Flag of the People's Republic of China.svg  China [3]
2011Flag of Japan.svg  Japan [3]

US$7 trillion economy

YearCountrySource
1990Flag of Europe.svg  European Union [3]
1994Flag of the United States.svg  United States [3]
2011Flag of the People's Republic of China.svg  China [3]

US$8 trillion economy

YearCountrySource
1992Flag of Europe.svg  European Union [3]
1996Flag of the United States.svg  United States [3]
2012Flag of the People's Republic of China.svg  China [3]

US$9 trillion economy

YearCountrySource
1995Flag of Europe.svg  European Union [3]
1998Flag of the United States.svg  United States [3]
2013Flag of the People's Republic of China.svg  China [3]

US$10 trillion economy

YearCountrySource
2000Flag of the United States.svg  United States [3]
2004Flag of Europe.svg  European Union [3]
2014Flag of the People's Republic of China.svg  China [3]

US$11 trillion – US$20 trillion

US$11 trillion economy

YearCountrySource
2003Flag of the United States.svg  United States [3]
2004Flag of Europe.svg  European Union [3]
2015Flag of the People's Republic of China.svg  China [3]

US$12 trillion economy

YearCountrySource
2004Flag of Europe.svg  European Union [3]
2004Flag of the United States.svg  United States [3]
2017Flag of the People's Republic of China.svg  China [3]

US$13 trillion economy

YearCountrySource
2004Flag of Europe.svg  European Union [3]
2005Flag of the United States.svg  United States [3]
2018Flag of the People's Republic of China.svg  China [3]

US$14 trillion economy

YearCountrySource
2005Flag of Europe.svg  European Union [3]
2007Flag of the United States.svg  United States [3]
2019Flag of the People's Republic of China.svg  China [3]

US$15 trillion economy

YearCountrySource
2006Flag of Europe.svg  European Union [3]
2011Flag of the United States.svg  United States [3]
2021Flag of the People's Republic of China.svg  China [4]

US$16 trillion economy

YearCountrySource
2007Flag of Europe.svg  European Union [3]
2012Flag of the United States.svg  United States [3]
2021Flag of the People's Republic of China.svg  China [4]

US$17 trillion economy

YearCountrySource
2007Flag of Europe.svg  European Union [3]
2014Flag of the United States.svg  United States [3]
2021Flag of the People's Republic of China.svg  China [3]

US$18 trillion economy

YearCountrySource
2008Flag of Europe.svg  European Union [3]
2015Flag of the United States.svg  United States [3]
2023Flag of the People's Republic of China.svg  China [4]

US$19 trillion economy

YearCountrySource
2008Flag of Europe.svg  European Union [3]
2018Flag of the United States.svg  United States [3]
2023Flag of the People's Republic of China.svg  China [4]

US$20 trillion economy

YearCountrySource
2018Flag of the United States.svg  United States [3]

US$21 trillion – US$30 trillion

US$21 trillion economy

YearCountrySource
2019Flag of the United States.svg  United States [3]

US$22 trillion economy

YearCountrySource
2021Flag of the United States.svg  United States [3]

US$23 trillion economy

YearCountrySource
2023Flag of the United States.svg  United States [8]

US$24 trillion economy

YearCountrySource
2023Flag of the United States.svg  United States [9]

US$25 trillion economy

YearCountrySource
2023Flag of the United States.svg  United States [10]

See also

Related Research Articles

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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. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 "World Bank". Data.worldbank.org. Retrieved 6 May 2019.
  4. 1 2 3 4 5 6 7 "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.