📸 Snapshot of the 20 Largest Economies, by Purchasing Power Parity

What We’re Showing:

This chart lists the value of each G20 member's PPP-adjusted GDP in 2024, and their share of the G20's total economic output.

Data is sourced from the International Monetary Fund as of October 2024. Figures are in International dollars.

Key Takeaways

Born during the 1970s oil crisis, the G7 emerged as the world economy's cool kids: large, mature, high-income economies dominating key global sectors.

Then, in the 2000s, BRICS showed up—a collection of economies from the “Global South”— vying for influence with their steadily growing economic might. Now they’re positioned as competitors to the G7.

Both groups are part of the G20—a collection of the largest economies in the world that make up 70% of the world economy in PPP-adjusted terms, and 85% at market exchange rates.

Why Use PPP-adjusted GDP?

Purchasing power parity accounts for the relative economic strength of middle and low income countries, where costs are lower than their high income counterparts.

As a result their PPP-adjusted GDP is a lot higher than the one based on exchange rates, and provides a somewhat-equal footing for comparisons.