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developed markets Countries by Nominal GDP
listGDP 2026 USD bn
United States31717.641
GERMANY4911.746
JAPAN4373.091
UNITED KINGDOM4040.844
FRANCE3317.916
ITALY2504.607
Canada2332.563
SPAIN1886.218
Australia1841.002
NETHERLANDS1326.163
SWITZERLAND990.523
BELGIUM706.834
SWEDEN649.462
IRELAND623.492
ISRAEL610.712
SINGAPORE585.946
AUSTRIA551.918
NORWAY520.593
DENMARK473.665
Portugal336.265
FINLAND315.822
NEW ZEALAND259.160

GDP Rankings PPP (current international dollar bn)

listPPP GDP 2026 (current int. dollar bn)
United States31717.641
JAPAN6928.434
GERMANY6353.678
FRANCE4648.906
UNITED KINGDOM4609.013
ITALY3832.134
SPAIN2925.616
Canada2833.247
Australia2065.340
NETHERLANDS1581.677
SINGAPORE991.751
BELGIUM927.663
SWITZERLAND914.838
SWEDEN834.871
IRELAND768.740
AUSTRIA703.195
NORWAY630.509
ISRAEL603.410
Portugal556.942
DENMARK555.480
FINLAND386.669
NEW ZEALAND313.783

GDP Rankings (PPP) share of world total Percent

listPPP GDP 2026 Share in World Total Pct
United States14.577
JAPAN3.184
GERMANY2.920
FRANCE2.137
UNITED KINGDOM2.118
ITALY1.761
SPAIN1.345
Canada1.302
Australia0.949
NETHERLANDS0.727
SINGAPORE0.456
BELGIUM0.426
SWITZERLAND0.420
SWEDEN0.384
IRELAND0.353
AUSTRIA0.323
NORWAY0.290
ISRAEL0.277
Portugal0.256
DENMARK0.255
FINLAND0.178
NEW ZEALAND0.144

GDP Rankings per capita nominal USD

listGDP Per Capita USD
IRELAND112169.128
SWITZERLAND108928.603
SINGAPORE95729.270
United States92096.549
NORWAY91983.999
DENMARK78341.544
NETHERLANDS73091.214
Australia66277.318
SWEDEN60358.095
AUSTRIA59960.823
ISRAEL59701.461
BELGIUM59457.705
GERMANY57800.968
UNITED KINGDOM57386.693
FINLAND56239.277
Canada56141.001
FRANCE48210.897
NEW ZEALAND47382.544
ITALY42511.632
SPAIN37488.718
JAPAN35653.195
Portugal31465.405

GDP Rankings Average per capita PPP

listGDP Per Capita PPP (current int. dollar)
SINGAPORE135886.375
IRELAND115986.708
NORWAY93430.913
SWITZERLAND84373.820
United States77237.694
DENMARK77050.505
NETHERLANDS73109.236
BELGIUM65443.621
SWEDEN65070.935
AUSTRIA64069.940
GERMANY62706.176
Australia62357.426
FINLAND57746.196
Canada57189.598
FRANCE56652.173
UNITED KINGDOM54895.026
ITALY54550.000
ISRAEL49470.565
SPAIN48765.416
NEW ZEALAND48113.257
JAPAN47373.007
Portugal43706.657

Population Rankings

listCombined Population mln
United States344.396
JAPAN122.656
GERMANY84.977
UNITED KINGDOM70.414
FRANCE68.821
ITALY58.916
SPAIN50.314
Canada41.548
Australia27.777
NETHERLANDS18.144
BELGIUM11.888
SWEDEN10.760
Portugal10.687
ISRAEL10.229
AUSTRIA9.205
SWITZERLAND9.093
SINGAPORE6.121
DENMARK6.046
NORWAY5.660
FINLAND5.616
IRELAND5.558
NEW ZEALAND5.470

Debt vs. GDP Rankings (Avg)

listGeneral government gross debt Percent of GDP
JAPAN233.730
SINGAPORE175.620
ITALY138.480
United States123.692
FRANCE119.122
Canada110.891
BELGIUM109.952
UNITED KINGDOM105.399
SPAIN99.017
FINLAND88.011
Portugal87.939
AUSTRIA84.183
ISRAEL69.341
GERMANY66.976
NEW ZEALAND58.430
Australia50.533
NETHERLANDS44.386
NORWAY42.523
SWITZERLAND35.963
IRELAND34.346
SWEDEN33.859
DENMARK26.112

developed markets

  • Developed markets have seen moderate gains since mid-2026, supported by a slight easing in US and ECB policy firmer growth outlooks. The Federal Reserve paused its rate hikes at the August FOMC meeting, signaling a wait-and-see approach as inflation pressures moderate but remain above target. Eurozone data shows slow but steady recovery, though geopolitical tensions in Eastern Europe and persistent supply chain disruptions continue to inject uncertainty. Market participants remain cautious on growth durability amid tightening global financial conditions.
  • FOMC Statement and Economic Projections – August 2026
  • ECB Monetary Policy Decision, September 2026
  • August 2026 Eurozone GDP and Inflation Data
  • Developed Markets Equities Monthly Overview – August 2026
  • Charting the Impact of Geopolitical Tensions on Developed Market Bonds
  • Recent developed markets meetings in mid-2026 showed a cautious stance on monetary policy, with major central banks like the Federal Reserve, ECB, and Bank of England opting to hold interest rates steady after a protracted tightening cycle. This pause reflects subdued inflation pressures and slower economic growth amid persistent geopolitical uncertainties. The key risk remains a possible resurgence in inflation or unexpected economic shocks that could force policy reversals, complicating central banks' dual mandate of growth and price stability.
  • Federal Reserve July 2026 Meeting Statement
  • ECB Governing Council August 2026 Policy Decision
  • Bank of England August 2026 Monetary Policy Summary
  • IMF Report: Navigating Inflation and Growth in Advanced Economies, August 2026
  • Bloomberg: Central Banks Hold Rates Amid Mixed Growth Signals - Sep 4, 2026
  • Developed markets negotiations in mid-2026 have focused on recalibrating transatlantic trade terms and digital tax frameworks, driven by US-EU efforts to de-escalate tariff frictions and counter rising economic nationalism. Key drivers include geopolitical tensions impacting supply chains and attempts to harmonize regulation amid tech competition. Risks include stalled progress due to electoral cycles in major economies and diverging stances on data governance, which may delay consensus on key trade and investment agreements.
  • EU-US Trade and Technology Council 2026 Mid-Year Update
  • US Treasury Official on Developed Markets Trade Talks, August 2026
  • IMF Analysis: Developed Market Negotiations Impact on Global Growth, July 2026
  • Financial Times: Challenges in Transatlantic Trade Talks, September 1, 2026
  • OECD Report on Digital Taxation and Developed Markets, August 2026
  • Developed markets show a cautious growth outlook as central banks, including the Fed and ECB, maintain restrictive monetary policy stances to combat persistent inflation above targets. Recent Q2 GDP data indicates slower expansion in the US and Eurozone, driven by tighter financial conditions and waning consumer spending. Key uncertainty remains elevated inflation dynamics amid evolving labor market conditions, alongside geopolitical tensions affecting trade flows and energy prices.
  • ECB Governing Council August 2026 monetary policy statement
  • SINGAPORE
    Australia
    Canada
    Portugal
    AUSTRIA
    BELGIUM
    DENMARK
    FINLAND
    FRANCE
    GERMANY
    IRELAND
    ITALY
    NETHERLANDS
    NORWAY
    SPAIN
    SWEDEN
    SWITZERLAND
    UNITED KINGDOM
    HONG KONG
    JAPAN
    NEW ZEALAND
    United States
    ISRAEL

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    GDP Rankings per capita nominal USD

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    GDP Rankings Average per capita PPP

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    GDP Growth Rankings %

    list2026 GDP Growth
    ISRAEL3.600
    NEW ZEALAND2.722
    SWEDEN2.168
    IRELAND2.113
    Australia2.078
    SINGAPORE1.879
    DENMARK1.845
    SPAIN1.817
    United States1.744
    NORWAY1.720
    Portugal1.667
    SWITZERLAND1.611
    Canada1.558
    NETHERLANDS1.416
    UNITED KINGDOM1.407
    FINLAND1.405
    FRANCE1.015
    BELGIUM0.969
    GERMANY0.922
    ITALY0.835
    AUSTRIA0.775
    JAPAN0.579

    Investment to GDP

    listInvestment levels to GDP
    JAPAN26.320
    SWITZERLAND25.941
    SWEDEN25.394
    Australia25.249
    ISRAEL25.223
    ITALY24.137
    BELGIUM24.100
    NORWAY23.914
    AUSTRIA23.527
    NEW ZEALAND22.859
    DENMARK22.762
    Canada22.714
    FINLAND22.347
    SINGAPORE22.107
    United States21.604
    SPAIN21.274
    GERMANY21.014
    FRANCE20.121
    NETHERLANDS19.634
    IRELAND19.418
    Portugal19.373
    UNITED KINGDOM16.991

    Budget Balance/GDP

    listBudget Balance/GDP
    SINGAPORE0.417
    SWITZERLAND0.226
    Portugal-0.119
    DENMARK-0.425
    SWEDEN-0.617
    Canada-1.179
    IRELAND-1.198
    NETHERLANDS-2.158
    Australia-2.165
    FINLAND-2.536
    ITALY-2.797
    AUSTRIA-2.798
    GERMANY-2.973
    SPAIN-3.039
    JAPAN-3.048
    UNITED KINGDOM-3.307
    NEW ZEALAND-4.256
    ISRAEL-4.530
    United States-5.497
    FRANCE-5.517
    BELGIUM-5.750
    NORWAY-10.375

    Average Current Account Balance/GDP

    listCurrent Account Balance/GDP
    SINGAPORE17.000
    NORWAY15.076
    DENMARK12.425
    IRELAND11.042
    NETHERLANDS10.460
    SWEDEN6.020
    SWITZERLAND5.239
    GERMANY4.972
    JAPAN3.310
    ISRAEL2.912
    AUSTRIA2.768
    SPAIN2.229
    Portugal1.546
    ITALY0.882
    FRANCE-0.183
    Canada-0.274
    FINLAND-0.557
    BELGIUM-1.304
    United States-3.173
    Australia-3.437
    UNITED KINGDOM-3.683
    NEW ZEALAND-4.704