Sources: World Development Indicators database, World Bank, 1 July 2013
List Notes: A complete listing of Gross Domestic Product (GDP) by country can be found in this PDF.
The GDP dollar amounts are estimates based on purchasing power parity (PPP) in current international $.
Image By Agnico-Eagle (Agnico-Eagle Mines Limited) [CC0], via Wikimedia Commons
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The GDP (PPP) of the entire world is now estimated at 85.5 $Trillion.
Taken as a whole, the GDP (PPP) for the European Union is estimated at 16.8 $Trillion.
According to the World Bank, the Russian economy has surpassed that of Germany.
There is some variance in the estimates between the CIA World Factbook, the IMF, and the World Bank. Most notably, Russia is ranked 6th on both the CIA and IMF lists, coming in at 2.5 $Trillion in GDP (PPP). Whereas the World Bank estimates the Russian economy at 3.38 $Trillion, thereby ousting Germany from the 5th spot on the list.
When will China's economy overtake that of the United States? A cursory look at the numbers and trends, and factoring in predictions from economists and economic headlines, estimates are anywhere from 2016 to 2030 based on current trends.
Top 5 facts sources:
CIA World Factbook. (2012). GDP (PPP) Retrieved July 19th, 2012.
International Monetary Fund (IMF). (2012). GDP (PPP) Retrieved July 19th, 2012.