Trillion dollar club (macroeconomics) explained
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
US$1 trillion economy
| Year | Country | Source |
|---|
| 1969 |  | [3] |
| 1972 | | |
| 1979 |  | |
| 1987 | | |
| 1988 |  | |
| 1989 |  | |
| 1990 |  | |
| 1998 |  | |
| 2004 |  | |
| 2004 |  | |
| 2006 |  | |
| 2006 | | |
| 2007 |  | |
| 2007 |  | |
| 2007 | | |
| 2008 |  | |
| 2017 |  | |
| 2021 |  | [4] |
| 2022 |  | [5] |
| 2023 |  | [6] | |
US$2 trillion economy
| Year | Country | Source |
|---|
|
| 1977 | | |
| 1986 | | |
| 1992 |  | |
| 2003 | | |
| 2004 | | |
| 2005 | | |
| 2007 | | |
| 2010 | | |
| 2011 | | |
| 2014 | | |
| 2021 | | |
| 2024 | | |
|
US$3 trillion economy
| Year | Country | Source |
|---|
| 1979 | | |
| 1981 | | |
| 1988 | | |
| 2007 | | |
| 2007 | | |
| 2007 | | |
| 2021 | | |
| 2023 | | [7] |
|
US$4 trillion economy
| Year | Country | Source |
|---|
| 1984 | | |
| 1986 | | |
| 1993 | | |
| 2008 | | |
| 2018 | | |
|
US$5 trillion economy
| Year | Country | Source |
|---|
| 1987 | | |
| 1988 | | |
| 1995 | | |
| 2009 | | |
|
US$6 trillion economy
| Year | Country | Source |
|---|
| 1989 | | |
| 1992 | | |
| 2010 | | |
| 2011 | | |
|
US$7 trillion economy
| Year | Country | Source |
|---|
| 1990 | | |
| 1994 | | |
| 2011 | | | |
US$8 trillion economy
| Year | Country | Source |
|---|
| 1992 | | |
| 1996 | | |
| 2012 | | | |
US$9 trillion economy
| Year | Country | Source |
|---|
| 1995 | | |
| 1998 | | |
| 2013 | | | |
US$10 trillion economy
| Year | Country | Source |
|---|
| 2000 | | |
| 2004 | | |
| 2014 | | | |
US$10 trillion – US$20 trillion
US$11 trillion economy
| Year | Country | Source |
|---|
| 2003 | | |
| 2004 | | |
| 2015 | | | |
US$12 trillion economy
| Year | Country | Source |
|---|
| 2004 | | |
| 2004 | | |
| 2017 | | | |
US$13 trillion economy
| Year | Country | Source |
|---|
| 2004 | | |
| 2005 | | |
| 2018 | | | |
US$14 trillion economy
| Year | Country | Source |
|---|
| 2005 | | |
| 2007 | | |
| 2019 | | | |
US$15 trillion economy
| Year | Country | Source |
|---|
| 2006 | | |
| 2011 | | |
| 2021 | | | |
US$16 trillion economy
| Year | Country | Source |
|---|
| 2007 | | |
| 2012 | | |
| 2021 | | | |
US$17 trillion economy
| Year | Country | Source |
|---|
| 2007 | | |
| 2014 | | |
| 2021 | | | |
US$18 trillion economy
| Year | Country | Source |
|---|
| 2008 | | |
| 2015 | | |
| 2023 | | | |
US$19 trillion economy
| Year | Country | Source |
|---|
| 2008 | | |
| 2018 | | |
| 2023 | | | |
US$20 trillion economy
US$21 trillion – US$30 trillion
US$23 trillion economy
!Year!Country!Source| 2023 | | [8] | |
US$24 trillion economy
!Year!Country!Source| 2023 | | [9] | |
US$25 trillion economy
!Year!Country!Source| 2023 | | [10] | |
See also
Notes and References
- https://www.forbes.com/2007/04/26/india-trillion-mark-markets-econ-cx_rd_0426markets24.html Welcome to the Trillion Dollar Club
- https://web.archive.org/web/20070428114003/http://www.hindu.com/2007/04/27/stories/2007042708181700.htm Indian joins the Trillion Dollar Club
- Web site: World Bank . Data.worldbank.org . 2019-05-06.
- Web site: Report for Selected Countries and Subjects. IMF.org. 3 March 2022.
- Web site: Saudi GDP Exceeds $1 Tln, Shows Kingdom's Economy Is on Right Track.
- Web site: April 2023.
- Web site: GDP from 2020 through 2024, April 2021 estimate World Economic Outlook Database.
- Web site: Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) U.S. Bureau of Economic Analysis (BEA) . 2023-04-25 . www.bea.gov.
- Web site: Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) U.S. Bureau of Economic Analysis (BEA) . 2023-04-25 . www.bea.gov.
- Web site: Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) U.S. Bureau of Economic Analysis (BEA) . 2023-04-25 . www.bea.gov.
