Trillion dollar club (macroeconomics)

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. This does not include purchasing power parity, which increases the GDP of many countries with an undervalued currency, which are usually poorer 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.

US$500 billion – US$10 Trillion

US$500 billion economy

Year	Country	Source
1959	United States	[3]
1964	European Union	[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]
2019	Iran	[4]
2019	Thailand	[4]
2021	Ireland	[5]

US$1 trillion economy

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.

US$2 trillion economy

Year	Country	Source
1977	European Union	[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]
2021	Canada	[3]

US$3 trillion economy

Year	Country	Source
1979	European Union	[3]
1981	United States	[3]
1988	Japan	[3]
2006	Germany	[3]
2007	China	[3]
2007	United Kingdom	[4]
2021	India	[4]
2022	France	[6]

US$4 trillion economy

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

US$5 trillion economy

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

US$6 trillion economy

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

US$7 trillion economy

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

US$8 trillion economy

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

US$9 trillion economy

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

US$10 trillion economy

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

US$11 – 20 Trillion

US$11 trillion economy

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

US$12 trillion economy

Year	Country	Source
2004	European Union	[3]
2004	United States	[3]
2017	China	[3]

US$13 trillion economy

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

US$14 trillion economy

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

US$15 trillion economy

Year	Country	Source
2006	European Union	[3]
2011	United States	[3]
2021	China	[4]

US$16 trillion economy

Year	Country	Source
2007	European Union	[3]
2012	United States	[3]
2021	China	[4]

US$17 trillion economy

Year	Country	Source
2007	European Union	[3]
2014	United States	[3]
2021	China	[3]

US$18 trillion economy

Year	Country	Source
2008	European Union	[3]
2015	United States	[3]
2022	China

US$19 trillion economy

Year	Country	Source
2008	European Union	[3]
2018	United States	[3]

US$20 trillion economy

Year	Country	Source
2018	United States	[3]

US$21 – 30 Trillion

US$21 trillion economy

Year	Country	Source
2019	United States	[3]

US$22 trillion economy

Year	Country	Source
2021	United States	[3]

References

Welcome to the Trillion Dollar Club - Forbes.com 26 April 2007
Indian joins the Trillion Dollar Club - The Hindu 27 April 2007
"World Bank". Data.worldbank.org. Retrieved 6 May 2019.
"Report for Selected Countries and Subjects". IMF.org. Retrieved 3 March 2022.
"Report for Selected Countries and Subjects". IMF.org. Retrieved 3 March 2022.
"Report for Selected Countries and Subjects". IMF.org. Retrieved 13 February 2022.

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[1] Welcome to the Trillion Dollar Club - Forbes.com 26 April 2007

[2] Indian joins the Trillion Dollar Club - The Hindu 27 April 2007

[World_Bank-3] "World Bank". Data.worldbank.org. Retrieved 6 May 2019.

[auto-4] "Report for Selected Countries and Subjects". IMF.org. Retrieved 3 March 2022.

[5] "Report for Selected Countries and Subjects". IMF.org. Retrieved 3 March 2022.

[:0-6] "Report for Selected Countries and Subjects". IMF.org. Retrieved 13 February 2022.

Lists of countries by GDP rankings
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Purchasing power parity (PPP)	Per capita Past per capita Past and projected per capita Private consumption per capita Per person employed Ten largest historically 19th century
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