Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Top Losers in 2019 : At current prices, Out of 192 economies estimated by IMF, GDP per capita of 91 economies have decreased in 2019. Lower interest rates and supportive financial conditions reinforced still-resilient purchases of nondurable goods and services, encouraging job creation.
Flash : IMF cut global GDP in 2019 to 3.3%, warning of a higher risk to growth . The data is in millions of international dollars and was calculated and published by the IMF in April 2020.
The first table includes estimates for the year 2020 made for each economy of the 194 countries and areas (including Hong Kong and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database.
Following the June G20 summit, where the United States and China agreed to resume trade talks and avoided further increases in tariffs, market sentiment has been lifted by the prospect of the two sides continuing to make progress toward resolving their differences. These developments suggest that firms and households continue to hold back on long-range spending amid elevated policy uncertainty.Global growth is projected at 3.2 percent for 2019, improving to 3.5 percent in 2020 (0.1 percentage point lower for both years than in the April 2019 WEO forecast). Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year.
The silver lining remains the performance of the service sector, where sentiment has been relatively resilient, supporting employment growth (which, in turn, has helped shore up consumer confidence). The IMF Press Center is a password-protected site for working journalists.As of mid-July, 10-year government bond yields have dropped by about 45 basis points since March in the United States, to 2.10 percent, by about 30 basis points in Germany to –0.25 percent, and by about 10 basis points in Japan, to -0.12 percent. Global trade—which is intensive in durable final goods and the components used to produce them—slowed to a standstill.Rising trade barriers and associated uncertainty weighed on business sentiment and activity globally. The last Article IV Executive Board Consultation was on June 21, 2019. Among top ten richest economies, only Switzerland and United States showed improvement in figure. World Economic Outlook Update, July 2019: Still Sluggish Global Growth July 18, 2019 Description: Global growth remains subdued. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.
In April, the IMF projected global GDP to be -3.0% and the US at -5.9%. Efforts are underway to revise and update all national accounts series to the new RTGS dollar.
On the trade front, the forecast reflects the May 2019 increase of US tariffs on $200 billion of Chinese exports from 10 percent to 25 percent, and retaliation by China. Iceland is the biggest loser as its gdp … These developments have contributed, in part, to market pricing of expected inflation dropping sharply in the United States and the euro area.Emerging Market and Developing EconomiesDifference from April 2019 WEO Projections 1/Emerging Market and Developing Economies 9/Downside risks have intensified since the April 2019 WEO. Tight labor markets and gradually rising wages, in turn, supported consumer confidence and household spending.The views expressed are those of the author(s) and do not necessarily represent the views of the IMF and its Executive Board.Faced with sluggish demand for durable goods, firms scaled back industrial production. As a corollary, policy missteps and associated uncertainty will have a severely debilitating effect on sentiment, growth, and job creation.Among emerging market and developing economies, first quarter GDP in China was stronger than forecast, but indicators for the second quarter suggest a weakening of activity. Over the course of the year, several—including the US Federal Reserve, the European Central Bank (ECB), and large emerging market central banks—cut interest rates, while the ECB also restarted asset purchases.With the economic environment becoming more uncertain, firms turned cautious on long-range spending and global purchases of machinery and equipment decelerated. 192 countries from around the world are ranked by GDP measured in US dollars and PPPs from 1980 to 2019.
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The list of countries by GDP showed on this page is based on the latest data from the World Economic Outlook by the International Monetary Fund. Your browser is not up-to-date. All rights reserved.From a sectoral perspective, service sector activity has held up, but the slowdown in global manufacturing activity, which began in early 2018, has continued, reflecting weak business spending (machinery and equipment) and consumer purchases of durable goods, such as cars.
In February 2019, Zimbabwe adopted a new local currency unit, the RTGS dollar, which has become the official unit of account.