Calculate Gross Domestic Product using the Expenditure, Income, or Production approach. Also compute Real GDP, GDP per Capita, GDP Growth Rate, and GDP Deflator.
GDP = C + I + G + (X − M) where C = Consumption, I = Investment, G = Government Spending, X = Exports, M = Imports.
GNP = Employee Compensation + Proprietors' Income + Rental + Corporate Profits + Interest. Then GDP = GNP + Indirect Taxes + Depreciation + Net Income of Foreigners.
Real GDP adjusts for inflation using base-year prices. The GDP Deflator measures the price level of all domestically produced final goods and services.
GDP per capita = GDP ÷ Population. It measures average economic output per person and is used to compare living standards across countries.
GDP Growth Rate = ((Current GDP − Previous GDP) / Previous GDP) × 100. Measures how much an economy has grown or contracted over a period.
| Country | GDP (2023 est.) | Per Capita | Growth Rate |
|---|---|---|---|
| 🇺🇸 United States | $27.4 trillion | ~$81,000 | +2.5% |
| 🇨🇳 China | $17.7 trillion | ~$12,500 | +5.2% |
| 🇩🇪 Germany | $4.5 trillion | ~$53,000 | -0.3% |
| 🇯🇵 Japan | $4.2 trillion | ~$34,000 | +1.9% |
| 🇮🇳 India | $3.7 trillion | ~$2,500 | +7.6% |
| 🇬🇧 United Kingdom | $3.1 trillion | ~$46,000 | +0.1% |
| 🇫🇷 France | $3.0 trillion | ~$44,000 | +0.9% |
| 🇧🇷 Brazil | $2.2 trillion | ~$10,000 | +2.9% |