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Friday, October 4, 2024
CEOWORLD magazine - Latest - Stats Gate - Gross domestic product (GDP) of Germany 1980-2028

Stats Gate

Gross domestic product (GDP) of Germany 1980-2028

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As of 2023, Germany’s nominal gross domestic product (GDP) was approximately 4.42 trillion US dollars. This puts Canada in the 3rd position in the world GDP ranking, following the United States ($26.94 trillion) and China ($17.70 trillion). Japan ($4.23 trillion), India ($3.73 trillion), the United Kingdom, France, Italy, Brazil, and Canada complete the top ten list. Gross Domestic Product (GDP) is a key indicator of a nation’s overall economic size and power. GDP is generally defined as the total market value of all the finished goods and services produced within a country’s borders in a specific time period. GDP is by no means a perfect economic indicator.

Gross domestic product (GDP) of Germany 1980-2028

YearGDP (in billion U.S. dollars)
1980853.705
1981718.264
1982693.547
1983691.912
1984651.9
1985661.037
1986944.124
19871,174.86
19881,266.62
19891,257.39
19901,598.64
19911,875.62
19922,136.31
19932,072.46
19942,209.93
19952,588.00
19962,498.11
19972,214.69
19982,242.07
19992,197.13
20001,948.84
20011,945.80
20022,077.02
20032,501.01
20042,813.08
20052,848.44
20062,994.86
20073,425.98
20083,744.85
20093,407.56
20103,402.44
20113,748.66
20123,529.38
20133,733.86
20143,890.10
20153,357.93
20163,468.90
20173,689.55
20183,976.25
20193,889.61
20203,884.62
20214,281.35
20224,085.68
20234,429.84
20244,700.88
20254,960.29
20265,181.79
20275,327.94
20285,459.26

For many years, the Western media and observers have discussed the potential rise of China and India in terms of their massive future potential. However, it is time for the rest of the world to update its thinking because the future has arrived even faster than expected. In the decades to come, the economies of China and India will go from participating in global economic flows to determining their shape and direction.

Throughout history, both China and India have made significant contributions to the global GDP, with each accounting for about a quarter to a third of it. This was largely due to their large populations. However, in the 19th century, there was a sudden shift when the United States and Europe experienced rapid industrialization, leading to an increase in productivity and, subsequently, a significant increase in their share of the global GDP.

The world's eight most influential economies throughout history

YearChinaIndiaUSAJapanGermanyRussia/USSRUKFranceRest of World
150024.8924.360.323.13.323.411.134.3935.07
160028.9722.410.182.93.823.451.814.731.76
170022.3124.460.144.153.684.362.895.2732.74
182032.9616.071.812.993.875.435.225.1126.53
187017.112.158.872.296.57.549.036.530.03
190011.068.6415.852.648.237.819.375.9230.47
19138.837.4718.932.628.688.58.225.2931.45
19504.594.1627.293.024.979.566.524.1335.75
19605.243.8824.274.456.62105.374.0936.09
19704.633.4122.397.366.129.824.354.337.61
19805.23.1821.127.835.528.533.644.0640.92
19907.834.0521.398.554.667.333.483.7838.93
200011.775.1821.892.114.243.513.33.444.59
201013.88616.7153.643.592.532.6146.04
202018.216.7615.683.993.393.082.272.2644.36

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CEOWORLD magazine - Latest - Stats Gate - Gross domestic product (GDP) of Germany 1980-2028
Lila Jones
Senior News Editor at CEOWORLD Magazine. I'm a veteran correspondent for the CEOWORLD Magazine. During my career, I've been based in New York, Washington, DC, Brussels and London. Over the years I've written about everything from the debt crisis to Brexit and the rise of populism in Europe. I did a stint in London as the CEOWORLD Magazine's Europe News Editor and Deputy World News Editor. In my current post I try to capture life in a changing banking to finance landscape.