These are projections by the IMF (International Monetary Fund) for the year 2025, as ranked by nominal GDP. All amounts are in U.S. dollars. It probably comes as no big surprise that the United ...

3. What is the largest economy in Asia? The largest economy in Asia is China, with a nominal GDP of over $18,270 billion in 2025. Japan and India rank next to China in Asia's GDP rankings.

Domenico Ferraro, PhD: “Nominal GDP is the total value of goods and services produced in a country expressed in units of domestic currency; US dollars in the United States. Real GDP is nominal ...

Japan is now the world’s fourth-largest economy. The Cabinet Office announced on Feb. 15 that Japan’s nominal GDP, including the effects of commodity prices, increased 5.7 percent from the ...

The consolidated federal and provincial fiscal operations data for fiscal year 2024-25 assumes nominal Gross Domestic Product (GDP) at 124,150 million rupees (defined as total market value of ...

Treasurer Jim Chalmers says the Australian economy has turned a corner after the strongest GDP growth figures since the ...

If the price of shoes, say, is 5 percent higher than a year ago and GDP registers a 5 percent increase in the value of shoe output, the nominal increase in the shoe component of GDP is an illusion, ...

Nominal GDP reflects changes in prices, so Japan’s yen-denominated GDP increased, driven largely by rising prices. However, the depreciation of the yen outweighed this growth, resulting in a ...

National accounts data released on February 28, 2025 by the National Statistical Office (NSO) provide two sets of information ...

An example would be cash payments to a housecleaner whose work is not declared. Nominal GDP is an assessment of economic production in an economy that includes current prices in its calculation.