Above is a data visualization of the top 10 countries GDP by Year. Gross Domestic Product (GDP) is a measure of a country’s economic output. It is often used to gauge its overall economic health. The underground economy may account for as much as 20-30% of the world’s GDP. This includes illegal activities, as well as unreported or underreported income.

The United States led the pack with a GDP of $3.3 trillion. Japan followed with $1.3 trillion, and Germany with $853 billion. Fast forward to 2021, and we see that the rankings have shifted. The United States still holds the top spot, but its GDP has grown to $22.7 trillion. China has now taken the second spot with a GDP of $16.2 trillion, and Japan has fallen to third place with a GDP of $5.2 trillion.

In 1982, the GDP of the Soviet Union was $2.7 trillion, making it the second-largest economy in the world at the time. Due to a combination of factors including economic mismanagement and the collapse of communism, the Soviet Union dissolved in 1991. Its successor states have yet to fully recover their economic power.

In 2013, the European Union added illegal activities such as drug trafficking and prostitution to its official GDP calculations. This led to a sudden boost in the GDPs of some countries, as these activities had previously been excluded from official statistics.

In 2019, the total GDP of all the countries in the world was $87.5 trillion. That’s a lot of money, but it’s still less than the net worth of the world’s richest person, Amazon founder Jeff Bezos.

Let’s take a look at some countries that have experienced significant growth in their GDP since 1982. South Korea’s GDP was only $56 billion in 1982. It has since grown to $1.6 trillion in 2021, making it the 12th largest economy in the world. Similarly, India’s GDP was only $200 billion in 1982. It has grown to $3.1 trillion in 2021, making it the sixth largest economy in the world.

The past few decades have seen significant changes in the rankings and growth of countries’ GDP. Some countries have experienced tremendous growth, others have struggled to maintain their economic power. While GDP is an important measure of economic health, it’s important to remember that there’s more to a country’s success than just its GDP.

Conclusion

Top 10 Countries GDP by Year for 2021. United States – $23.3 Trillion, China – $17.7 Trillion, Japan – $4.9 Trillion, Germany – $4.3 Trillion, India – $3.2 Trillion, UK – $3.1 Trillion, France – $2.9 Trillion, Italy – $2.1 Trillion, Canada – $2 Trillion, South Korea – $1.8Trillion