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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 and one U.S. state. 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 Country Source
1969  United States [3]
1972  European Union [3]
1979  Japan [3]
1987  West Germany [3]
1988  France [3]
1989  United Kingdom [3]
1990  Italy [3]
1997  California [3]
1998  China [3]
2004  Spain [3]
2004  Canada [3]
2006  Brazil [3]
2006  South Korea [3]
2007  India [3]
2007  Mexico [3]
2007  Russia [3]
2008  Australia [3]
2017  Indonesia [3]
2021  Netherlands [4]
2022  Saudi Arabia [5]
2023  Turkey [6]

US$2 trillion economy

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Year Country Source
1977  European Union [3]
1977  United States [3]
1986  Japan [3]
1992  Germany [3]
2003  United Kingdom [3]
2004  France [3]
2005  China [3]
2007  Italy [3]
2010  Brazil [3]
2011  Russia [3]
2014  India [3]
2015  California [3]
2021  Canada [3]
2024  Mexico [3]

US$3 trillion economy

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Year Country Source
1979  European Union [3]
1981  United States [3]
1988  Japan [3]
2007  Germany [3]
2007  China [3]
2007  United Kingdom [4]
2020  California [3]
2021  India [4]
2023  France [7]

US$4 trillion economy

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Year Country Source
1984  United States [3]
1986  European Union [3]
1993  Japan [3]
2008  China [3]
2018  Germany [3]
2024  California [3]
2024  India [3]
2027  United Kingdom [3]

US$5 trillion economy

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Year Country Source
1987  European Union [3]
1988  United States [3]
1995  Japan [3]
2009  China [3]
2027  Germany [3]
2027  India [3]

US$6 trillion economy

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Year Country Source
1989  European Union [3]
1992  United States [3]
2010  China [3]
2011  Japan [3]
2029  India [3]

US$7 trillion economy

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Year Country Source
1990  European Union [3]
1994  United States [3]
2011  China [3]

US$8 trillion economy

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Year Country Source
1992  European Union [3]
1996  United States [3]
2012  China [3]

US$9 trillion economy

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Year Country Source
1995  European Union [3]
1998  United States [3]
2013  China [3]

US$10 trillion economy

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Year Country Source
2000  United States [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 Country Source
2003  United States [3]
2004  European Union [3]
2015  China [3]

US$12 trillion economy

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Year Country Source
2004  European Union [3]
2004  United States [3]
2017  China [3]

US$13 trillion economy

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Year Country Source
2004  European Union [3]
2005  United States [3]
2018  China [3]

US$14 trillion economy

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Year Country Source
2005  European Union [3]
2007  United States [3]
2019  China [3]

US$15 trillion economy

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Year Country Source
2006  European Union [3]
2011  United States [3]
2021  China [4]

US$16 trillion economy

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Year Country Source
2007  European Union [3]
2012  United States [3]
2021  China [4]

US$17 trillion economy

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Year Country Source
2007  European Union [3]
2014  United States [3]
2021  China [3]

US$18 trillion economy

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Year Country Source
2008  European Union [3]
2015  United States [3]
2023  China [4]

US$19 trillion economy

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Year Country Source
2008  European Union [3]
2018  United States [3]
2023  China [4]

US$20 trillion economy

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Year Country Source
2018  United States [3]

US$21 trillion – US$30 trillion

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US$21 trillion economy

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Year Country Source
2019  United States [3]

US$22 trillion economy

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Year Country Source
2021  United States [3]

US$23 trillion economy

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Year Country Source
2023  United States [8]

US$24 trillion economy

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Year Country Source
2023  United States [9]

US$25 trillion economy

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Year Country Source
2023  United States [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 ci cj ck cl cm cn co cp cq "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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