Finance:Trillion dollar club

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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 2017, it included 16 countries. Due to the world financial crisis, South Korea and Australia exited the trillion dollar club as their nominal GDPs shrank below $1 trillion in 2008 and 2009 respectively. Australia rejoined the list in 2010 while South Korea did so in 2011 as these countries' nominal GDPs once again were above $1 trillion. Accordingly, with the IMF, Mexico's estimated nominal GDP in 2009 also diminished below the trillion dollar mark, although other sources such as the CIA reported it above the mark.

Chronological order of current nations having at least US$500 billion economy

Year Country Source
1959  United States [3]
1964  EU [3]
1975  Japan [3]
1978  France [3]
1980  United Kingdom [3]
1986  Italy [3]
1988  Canada [3]
1990  Germany [3]
1990  Spain [3]
1991  Brazil [3]
1993  China [3]
1993  Mexico [3]
1995  South Korea [3]
2002  India [3]
2003  Netherlands [3]
2004  Australia [3]
2004  Russia [3]
2005  Turkey [3]
2008  Belgium [3]
2008  Indonesia [3]
2008  Poland [3]
2008  Saudi Arabia [3]
2008  Sweden [3]
2008   Switzerland [3]
2011  Argentina [3]
2013  Norway [3]
2014  Nigeria [3]

Former nations that had a US$500 billion economy

Year Country Source
1960-1990(?)  Soviet Union
1976  West Germany [3]

Chronological order of current nations having at least US$1 trillion economy

Economies exceeding $1t in 2010 (log scale)
Year Country Source
1969  United States [3]
1972  EU [3]
1979  Japan [3]
1987  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]

Former nations that had US$1 trillion economy

Year Country Source
1978  Soviet Union
1987  West Germany [3]

All of the G8 and BRIC countries are currently $1 trillion economies in United States dollars. 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. Also, the Soviet Union reached US$1 trillion in 1978.

Chronological order of current nations having at least US$2 trillion economy

Year Country Source
1977  EU [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]

Former nation that had US$2 trillion economy

Year Country Source
1980-1990(?)  Soviet Union

Chronological order of current nations having at least US$3 trillion economy

Year Country Source
1979  EU [3]
1981  United States [3]
1988  Japan [3]
2006  Germany [3]
2007  China [3]
2007  United Kingdom Briefly became a $3 Tril economy in 2006 but GDP dropped to $2.38 Tril after crash. GDP was $3.02 in 2014. GDP is $2.6 Tril in 2019 [3]
2019  India

[4]

Chronological order of current nations having at least US$4 trillion economy

Year Country Source
1984  United States [3]
1986  EU [3]
1993  Japan [3]
2008  China [3]
2018  Germany [3]

Chronological order of current nations having at least US$5 trillion economy

Year Country Source
1987  EU [3]
1988  United States [3]
1995  Japan [3]
2009  China [3]

Chronological order of current nations having at least US$6 trillion economy

Year Country Source
1989  EU [3]
1992  United States [3]
2010  China [3]
2011  Japan [3]

Chronological order of current nations having at least US$7 trillion economy

Year Country Source
1990  EU [3]
1994  United States [3]
2011  China [3]

Chronological order of current nations having at least US$8 trillion economy

Year Country Source
1992  EU [3]
1996  United States [3]
2012  China [3]

Chronological order of current nations having at least US$9 trillion economy

Year Country Source
1995  EU [3]
1998  United States [3]
2013  China [3]

Chronological order of current nations having at least US$10 trillion economy

Year Country Source
2000  United States [3]
2003  EU [3]
2014  China [3]

Chronological order of current nations having at least US$11 trillion economy

Year Country Source
2003  United States [3]
2004  EU [3]
2015  China [3]

Chronological order of current nations having at least US$12 trillion economy

Year Country Source
2004  EU [3]
2004  United States [3]
2017  China [3]

Chronological order of current nations having at least US$13 trillion economy

Year Country Source
2004  EU [3]
2005  United States [3]
2018  China [3]

Chronological order of current nations having at least US$14 trillion economy

Year Country Source
2005  EU [3]
2007  United States [3]
2019  China [3]

Chronological order of current nations having at least US$15 trillion economy

Year Country Source
2006  EU [3]
2011  United States [3]

Chronological order of current nations having at least US$16 trillion economy

Year Country Source
2007  EU [3]
2012  United States [3]

Chronological order of current nations having at least US$17 trillion economy

Year Country Source
2007  EU [3]
2014  United States [3]

Chronological order of current nations having at least US$18 trillion economy

Year Country Source
2008  EU [3]
2015  United States [3]

Chronological order of current nations having at least US$19 trillion economy

Year Country Source
2008  EU [3]
2017  United States [3]

Chronological order of current nations having at least US$20 trillion economy

Year Country Source
2018  United States [3]

See also

References

  1. ↑ Welcome to the Trillion Dollar Club - Forbes.com 26 April 2007
  2. ↑ Indian joins the Trillion Dollar Club - The Hindu 27 April 2007
  3. ↑ 3.000 3.001 3.002 3.003 3.004 3.005 3.006 3.007 3.008 3.009 3.010 3.011 3.012 3.013 3.014 3.015 3.016 3.017 3.018 3.019 3.020 3.021 3.022 3.023 3.024 3.025 3.026 3.027 3.028 3.029 3.030 3.031 3.032 3.033 3.034 3.035 3.036 3.037 3.038 3.039 3.040 3.041 3.042 3.043 3.044 3.045 3.046 3.047 3.048 3.049 3.050 3.051 3.052 3.053 3.054 3.055 3.056 3.057 3.058 3.059 3.060 3.061 3.062 3.063 3.064 3.065 3.066 3.067 3.068 3.069 3.070 3.071 3.072 3.073 3.074 3.075 3.076 3.077 3.078 3.079 3.080 3.081 3.082 3.083 3.084 3.085 3.086 3.087 3.088 3.089 3.090 3.091 3.092 3.093 3.094 3.095 3.096 3.097 3.098 3.099 3.100 3.101 3.102 3.103 3.104 3.105 3.106 3.107 3.108 3.109 3.110 "World Bank". data.worldbank.org. https://data.worldbank.org/indicator/NY.GDP.MKTP.CD. Retrieved 2019-05-06. 
  4. ↑ https://smestreet.in/limelight/by-reducing-oil-imports-we-can-achieve-5-trillion-economy-goal-nitin-gadkari/




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