Comparison of GDP between the US and Rival Countries, 1992-2024 (Rival countries include Russia, China, India, and the European Union)

This chart compares the GDP of the US and its major rival countries (Russia, China, India, and the European Union) from 1992 to 2024. It visually represents the economic growth of each country, helping to understand the economic dynamics between the US and these rival nations. Various factors influence the GDP of each country, and this chart is useful for understanding the trends and changes over time.

GDP (Gross Domestic Product) is an economic indicator that represents the total value of all goods and services produced within a country over a specific period. It is an important measure for assessing the size and growth rate of an economy.

2024

  • 1. United States : $28T 781B ($28,781,083,000,000)
  • 2. European Union : $18T 824B ($18,824,354,999,998)
  • 3. China : $18T 532B ($18,532,633,000,000)
  • 4. India : $3T 937B ($3,937,011,000,000)
  • 5. Russia : $2T 56B ($2,056,844,000,000)

1992

  • 1. European Union : $7T 276B ($7,276,930,000,000)
  • 2. United States : $6T 520B ($6,520,325,000,000)
  • 3. China : $492B 148M ($492,148,000,000)
  • 4. India : $288B 210M ($288,210,000,000)
  • 5. Russia : $71B 603M ($71,603,000,000)

2008

  • 1. European Union : $16T 188B ($16,188,537,999,999)
  • 2. United States : $14T 769B ($14,769,850,000,000)
  • 3. China : $4T 577B ($4,577,280,000,000)
  • 4. Russia : $1T 779B ($1,779,109,000,000)
  • 5. India : $1T 198B ($1,198,895,000,000)

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Countries with the Highest Government Expenditure as a Percentage of GDP in 2023

Countries with the Highest Government Expenditure as a Percentage of GDP in 2023

This chart highlights the countries with the highest government spending as a percentage of their GDP in 2023. Tuvalu ranks at the top with government expenditure exceeding its GDP, followed by Nauru and Kiribati. The chart provides insights into nations with significant fiscal activity relative to their economic size.