(Redirected from
Trillion dollar club)
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 | 
United States |
[3] |
| 1972 | 
European Union |
[3] |
| 1979 | 
Japan |
[3] |
| 1987 | 
West Germany |
[3] |
| 1988 | 
France |
[3] |
| 1989 | 
United Kingdom |
[3] |
| 1990 | 
Italy |
[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
| Year | Country | Source |
|---|---|---|
| 1977 |
European Union |
[3] |
| 1977 |
United States |
[3] |
| 1986 |
Japan |
[3] |
| 1992 |
Germany |
[3] |
| 2004 |
France |
[3] |
| 2004 |
United Kingdom |
[3] |
| 2005 |
China |
[3] |
| 2007 |
Italy |
[3] |
| 2010 |
Brazil |
[3] |
| 2011 |
Russia |
[3] |
| 2014 |
India |
[3] |
| 2021 |
Canada |
[3] |
US$3 trillion economy
| Year | Country | Source |
|---|---|---|
| 1979 |
European Union |
[3] |
| 1981 |
United States |
[3] |
| 1988 |
Japan |
[3] |
| 2006 |
Germany |
[3] |
| 2007 |
China |
[3] |
| 2007 |
United Kingdom |
[4] |
| 2021 |
India |
[4] |
| 2022 |
France |
[7] |
US$4 trillion economy
| Year | Country | Source |
|---|---|---|
| 1984 |
United States |
[3] |
| 1986 |
European Union |
[3] |
| 1993 |
Japan |
[3] |
| 2008 |
China |
[3] |
| 2018 |
Germany |
[3] |
| 2024 |
India
|
[3] |
US$5 trillion economy
| Year | Country | Source |
|---|---|---|
| 1987 |
European Union |
[3] |
| 1988 |
United States |
[3] |
| 1995 |
Japan |
[3] |
| 2009 |
China |
[3] |
US$6 trillion economy
| Year | Country | Source |
|---|---|---|
| 1989 |
European Union |
[3] |
| 1992 |
United States |
[3] |
| 2010 |
China |
[3] |
| 2011 |
Japan |
[3] |
US$7 trillion economy
| Year | Country | Source |
|---|---|---|
| 1990 |
European Union |
[3] |
| 1994 |
United States |
[3] |
| 2011 |
China |
[3] |
US$8 trillion economy
| Year | Country | Source |
|---|---|---|
| 1992 |
European Union |
[3] |
| 1996 |
United States |
[3] |
| 2012 |
China |
[3] |
US$9 trillion economy
| Year | Country | Source |
|---|---|---|
| 1995 |
European Union |
[3] |
| 1998 |
United States |
[3] |
| 2013 |
China |
[3] |
US$10 trillion economy
| Year | Country | Source |
|---|---|---|
| 2000 |
United States |
[3] |
| 2003 |
European Union |
[3] |
| 2014 |
China |
[3] |
US$11 trillion – US$20 trillion
US$11 trillion economy
| Year | Country | Source |
|---|---|---|
| 2003 |
United States |
[3] |
| 2004 |
European Union |
[3] |
| 2015 |
China |
[3] |
US$12 trillion economy
| Year | Country | Source |
|---|---|---|
| 2004 |
European Union |
[3] |
| 2004 |
United States |
[3] |
| 2017 |
China |
[3] |
US$13 trillion economy
| Year | Country | Source |
|---|---|---|
| 2004 |
European Union |
[3] |
| 2005 |
United States |
[3] |
| 2018 |
China |
[3] |
US$14 trillion economy
| Year | Country | Source |
|---|---|---|
| 2005 |
European Union |
[3] |
| 2007 |
United States |
[3] |
| 2019 |
China |
[3] |
US$15 trillion economy
| Year | Country | Source |
|---|---|---|
| 2006 |
European Union |
[3] |
| 2011 |
United States |
[3] |
| 2021 |
China |
[4] |
US$16 trillion economy
| Year | Country | Source |
|---|---|---|
| 2007 |
European Union |
[3] |
| 2012 |
United States |
[3] |
| 2021 |
China |
[4] |
US$17 trillion economy
| Year | Country | Source |
|---|---|---|
| 2007 |
European Union |
[3] |
| 2014 |
United States |
[3] |
| 2021 |
China |
[3] |
US$18 trillion economy
| Year | Country | Source |
|---|---|---|
| 2008 |
European Union |
[3] |
| 2015 |
United States |
[3] |
| 2023 |
China |
[4] |
US$19 trillion economy
| Year | Country | Source |
|---|---|---|
| 2008 |
European Union |
[3] |
| 2018 |
United States |
[3] |
| 2023 |
China |
[4] |
US$20 trillion economy
| Year | Country | Source |
|---|---|---|
| 2018 |
United States |
[3] |
US$21 trillion – US$30 trillion
US$21 trillion economy
| Year | Country | Source |
|---|---|---|
| 2019 |
United States |
[3] |
US$22 trillion economy
| Year | Country | Source |
|---|---|---|
| 2021 |
United States |
[3] |
US$23 trillion economy
| Year | Country | Source |
|---|---|---|
| 2023 |
United States
|
[8] |
US$24 trillion economy
| Year | Country | Source |
|---|---|---|
| 2023 |
United States
|
[9] |
US$25 trillion economy
| Year | Country | Source |
|---|---|---|
| 2023 |
United States
|
[10] |
See also
References
- ^ Welcome to the Trillion Dollar Club - Forbes.com 26 April 2007
- ^ Indian joins the Trillion Dollar Club - The Hindu 27 April 2007
- ^ 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 "World Bank". Data.worldbank.org. Retrieved 6 May 2019.
- ^ a b c d e f g "Report for Selected Countries and Subjects". IMF.org. Retrieved 3 March 2022.
- ^ "Saudi GDP Exceeds $1 Tln, Shows Kingdom's Economy Is on Right Track".
- ^ "April 2023".
- ^ "GDP from 2020 through 2024, April 2021 estimate | World Economic Outlook Database".
- ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.
- ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.
- ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.
(Redirected from
Trillion dollar club)
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 |
United States |
[3] |
| 1972 |
European Union |
[3] |
| 1979 |
Japan |
[3] |
| 1987 |
West Germany |
[3] |
| 1988 |
France |
[3] |
| 1989 |
United Kingdom |
[3] |
| 1990 |
Italy |
[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
| Year | Country | Source |
|---|---|---|
| 1977 |
European Union |
[3] |
| 1977 |
United States |
[3] |
| 1986 |
Japan |
[3] |
| 1992 |
Germany |
[3] |
| 2004 |
France |
[3] |
| 2004 |
United Kingdom |
[3] |
| 2005 |
China |
[3] |
| 2007 |
Italy |
[3] |
| 2010 |
Brazil |
[3] |
| 2011 |
Russia |
[3] |
| 2014 |
India |
[3] |
| 2021 |
Canada |
[3] |
US$3 trillion economy
| Year | Country | Source |
|---|---|---|
| 1979 |
European Union |
[3] |
| 1981 |
United States |
[3] |
| 1988 |
Japan |
[3] |
| 2006 |
Germany |
[3] |
| 2007 |
China |
[3] |
| 2007 |
United Kingdom |
[4] |
| 2021 |
India |
[4] |
| 2022 |
France |
[7] |
US$4 trillion economy
| Year | Country | Source |
|---|---|---|
| 1984 |
United States |
[3] |
| 1986 |
European Union |
[3] |
| 1993 |
Japan |
[3] |
| 2008 |
China |
[3] |
| 2018 |
Germany |
[3] |
| 2024 |
India
|
[3] |
US$5 trillion economy
| Year | Country | Source |
|---|---|---|
| 1987 |
European Union |
[3] |
| 1988 |
United States |
[3] |
| 1995 |
Japan |
[3] |
| 2009 |
China |
[3] |
US$6 trillion economy
| Year | Country | Source |
|---|---|---|
| 1989 |
European Union |
[3] |
| 1992 |
United States |
[3] |
| 2010 |
China |
[3] |
| 2011 |
Japan |
[3] |
US$7 trillion economy
| Year | Country | Source |
|---|---|---|
| 1990 |
European Union |
[3] |
| 1994 |
United States |
[3] |
| 2011 |
China |
[3] |
US$8 trillion economy
| Year | Country | Source |
|---|---|---|
| 1992 |
European Union |
[3] |
| 1996 |
United States |
[3] |
| 2012 |
China |
[3] |
US$9 trillion economy
| Year | Country | Source |
|---|---|---|
| 1995 |
European Union |
[3] |
| 1998 |
United States |
[3] |
| 2013 |
China |
[3] |
US$10 trillion economy
| Year | Country | Source |
|---|---|---|
| 2000 |
United States |
[3] |
| 2003 |
European Union |
[3] |
| 2014 |
China |
[3] |
US$11 trillion – US$20 trillion
US$11 trillion economy
| Year | Country | Source |
|---|---|---|
| 2003 |
United States |
[3] |
| 2004 |
European Union |
[3] |
| 2015 |
China |
[3] |
US$12 trillion economy
| Year | Country | Source |
|---|---|---|
| 2004 |
European Union |
[3] |
| 2004 |
United States |
[3] |
| 2017 |
China |
[3] |
US$13 trillion economy
| Year | Country | Source |
|---|---|---|
| 2004 |
European Union |
[3] |
| 2005 |
United States |
[3] |
| 2018 |
China |
[3] |
US$14 trillion economy
| Year | Country | Source |
|---|---|---|
| 2005 |
European Union |
[3] |
| 2007 |
United States |
[3] |
| 2019 |
China |
[3] |
US$15 trillion economy
| Year | Country | Source |
|---|---|---|
| 2006 |
European Union |
[3] |
| 2011 |
United States |
[3] |
| 2021 |
China |
[4] |
US$16 trillion economy
| Year | Country | Source |
|---|---|---|
| 2007 |
European Union |
[3] |
| 2012 |
United States |
[3] |
| 2021 |
China |
[4] |
US$17 trillion economy
| Year | Country | Source |
|---|---|---|
| 2007 |
European Union |
[3] |
| 2014 |
United States |
[3] |
| 2021 |
China |
[3] |
US$18 trillion economy
| Year | Country | Source |
|---|---|---|
| 2008 |
European Union |
[3] |
| 2015 |
United States |
[3] |
| 2023 |
China |
[4] |
US$19 trillion economy
| Year | Country | Source |
|---|---|---|
| 2008 |
European Union |
[3] |
| 2018 |
United States |
[3] |
| 2023 |
China |
[4] |
US$20 trillion economy
| Year | Country | Source |
|---|---|---|
| 2018 |
United States |
[3] |
US$21 trillion – US$30 trillion
US$21 trillion economy
| Year | Country | Source |
|---|---|---|
| 2019 |
United States |
[3] |
US$22 trillion economy
| Year | Country | Source |
|---|---|---|
| 2021 |
United States |
[3] |
US$23 trillion economy
| Year | Country | Source |
|---|---|---|
| 2023 |
United States
|
[8] |
US$24 trillion economy
| Year | Country | Source |
|---|---|---|
| 2023 |
United States
|
[9] |
US$25 trillion economy
| Year | Country | Source |
|---|---|---|
| 2023 |
United States
|
[10] |
See also
References
- ^ Welcome to the Trillion Dollar Club - Forbes.com 26 April 2007
- ^ Indian joins the Trillion Dollar Club - The Hindu 27 April 2007
- ^ 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 "World Bank". Data.worldbank.org. Retrieved 6 May 2019.
- ^ a b c d e f g "Report for Selected Countries and Subjects". IMF.org. Retrieved 3 March 2022.
- ^ "Saudi GDP Exceeds $1 Tln, Shows Kingdom's Economy Is on Right Track".
- ^ "April 2023".
- ^ "GDP from 2020 through 2024, April 2021 estimate | World Economic Outlook Database".
- ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.
- ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.
- ^ "Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 25 April 2023.