GDP (Billions): Gross domestic product measured in billions of currency - Last 12 Months
GDP (Billions) measures the total economic output of a country in billions of currency units. It provides a snapshot of the size and economic activity within a country. Monitoring this measure helps in understanding the relative economic strength and output of different countries.
As of January 2020, China, the United States, and India were the top three countries in terms of GDP. China had a GDP of 25,270.1 billion USD, followed by the United States with 20,494.1 billion USD, and India with 10,505.3 billion USD. Tonga, Micronesia, and Kiribati had relatively smaller economies with GDPs of 0.6 billion USD, 0.4 billion USD, and 0.2 billion USD, respectively.
In January 2021, China maintained its position as the country with the highest GDP, reaching 27,307 billion USD. The United States remained in second place with a GDP of 21,427.7 billion USD, while India held the third position with a GDP of 11,043.2 billion USD. The GDPs of Tonga, Micronesia, and Kiribati remained unchanged.
Moving to January 2022, China retained its top position with a GDP of 24,142.8 billion USD. The United States followed with a GDP of 20,932.8 billion USD, and India experienced a decline in GDP, reaching 8,907.1 billion USD. Tonga, Micronesia, and Kiribati maintained their GDP levels from the previous year.
GDP is a fundamental measure of economic performance and provides insights into the economic growth, productivity, and overall economic health of a country. It is used by policymakers, economists, and investors to assess the economic strength and potential investment opportunities in different countries.