G20 economic analysis

GDPIndex

In-depth GDP, growth, and history for every G20 economy. Sourced from World Bank, IMF, FRED, BIS, ECB.

What is GDP — and how is it calculated?

Gross Domestic Product is the total value of everything a country produces in a year. Economists add up four kinds of spending. Together they equal GDP.

GDP = C + I + G + (X − M)
Roughly how a large economy splits up · 2024 averages
C
Consumer spending

Households buying groceries, rent, cars, Netflix. The biggest piece almost everywhere — usually 55-70% of GDP.

I
Business investment

Companies building factories, buying machines, writing software. New housing counts too. 15-25% of GDP.

G
Government spending

Roads, schools, salaries of public workers, defence. Transfer payments like pensions are not counted here. 15-25% of GDP.

X−M
Net exports

What a country sells abroad minus what it buys. Positive for exporters like Germany, negative for the United States and the United Kingdom.

Numbers on this site are nominal GDP in current US dollars, reported by the World Bank and IMF. See the methodology for sources, currency conversion, and how PPP differs.

This site analyses the twenty largest economies in the world — the G20 — through the single lens that determines living standards: economic output. Each country page combines four decades of data with an editorial story about why the numbers look the way they do.

The 20 economies

Browse all GDP rankings

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