The Size of the G-8 Economies

The G-7 countries are the six largest economies in the world -- in order of size the United States, Japan, Germany, the United Kingdom, France, and Italy -- and Canada, which ranks ninth. The G-7 account for about two-thirds of the world's economic output. France and the United Kingdom -- with economies very close in size -- recently switched ranking, with Britain pulling just ahead in size.

The G-8 is the G-7 plus Russia, which in 1999 was the fifteenth largest economy in the world.

Following are the gross domestic products (GDP) for the world's 15 largest economies. GDP represents the value added by all producers in a given country. These figures are from the World Bank's 2001 World Development Indicators, with 1999 being the most recent year that complete data is provided by the Bank.

1999

World GDP:	US$30,876,254 million
United States	9,152,098 million
Japan	4,346,922 million
Germany	2,111,940 million
United Kingdom	1,441,787 million
France	1,432,323 million
Italy	1,170,971 million
China	989,465 million
Brazil	751,505 million
Canada	634,898 million
Spain	595,927 million
Mexico	483,737 million
India	447,292 million
Korea	406,940 million
Australia	404,033 million
Russia	401,442 million