According to the World Bank, The United States GDP in 2005 was $12.4 trillion dollars. China’s GDP added up to $2.2 trillion and India was $0.78 trillion.
Since goods are often less expensive in developing countries, the World Bank also recalculated the numbers for countries outside the US based on Purchasing Power Parity (PPP). This increases China’s GDP to $5.3 trillion and India to $2.3 trillion. The US remains unchanged since it is the nominal basis.
Adjusting for PPP the following countries ranked highest in portion of hte world’s GDP.
USA: 22.5%
China 9.7%
Japan 7.0%
Germany 4.6%
India 4.3%
Last updated: October 26th, 2022
