As of 2023, the United States’s nominal gross domestic product (GDP) was approximately 26.94 trillion US dollars. This puts the United States in the 1st position in the world GDP ranking, China ($17.70 trillion), Germany ($4.42 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.
Lila Jones is a journalist for CEOWORLD magazine, specializing in covering wealth and business topics. With a keen interest in global economics, Lila's articles provide insights into the wealthiest individuals and influential business figures in various countries. Additionally, she explores unique stories and trends within the business world.