Charting International Labor Comparisons
Section 1: Gross domestic product (GDP)
On This Page
- Chart 1.1 - Gross domestic product, selected countries, in U.S. dollars, 2009
- Chart 1.2 - Share of world gross domestic product, selected economies, 1990–2009
- Chart 1.3 - Manufacturing output as a percent of gross domestic product, selected economies, 1970–2009
- Chart 1.4 - Gross domestic product per capita and per employed person, selected countries, in U.S. dollars, 2009
- Notes - Sources and definitions
Gross domestic product (GDP) is a
measure of a country’s economic
output. GDP per capita and GDP
per employed person are related
indicators that provide a general picture of
a country’s well being. GDP per capita is
an indicator of overall wealth in a country,
and GDP per employed person is a general
indicator of productivity.
- Gross domestic product (GDP) was over 14 trillion dollars in the United States and exceeded 3 trillion dollars in only three other countries: China, Japan, and India.
- In addition to China and India, other large emerging economies, such as Brazil and Mexico, were among the 10 largest countries in terms of GDP.
- The GDP of the United States was roughly 5 times larger than that of Germany, 10 times larger than that of the Republic of Korea, and 50 times larger than that of Norway.
Back to Top
- China’s share of world gross domestic product (GDP) increased steadily during the past two decades, from approximately 5 percent in 1990 to 16 percent in 2009. By 2000, China’s GDP had surpassed Japan’s.
- As a percent of world GDP, the United States, Europe, and Japan each declined slightly over the last two decades, due largely to China’s growth.
- The rest of the world’s share of world GDP decreased during the 1990s but grew steadily from 2000 to 2009.
Back to Top
- Over the period, the manufacturing sector’s share of gross domestic product (GDP) declined at about the same rate in Japan, the European Union, and the United States.
- U.S. manufacturing made up 11 percent of GDP in 2009, compared with 23 percent of GDP in 1970.
- Manufacturing output as a share of GDP was about one-third in both China and Japan in 1970. The share decreased overall in Japan but rose and fell in China before returning to 1970 levels in 2009.
Back to Top
- Norway had the highest gross domestic product (GDP) per capita and per employed person.
- GDP per capita in the United States was approximately 7 times larger than that of China.
- Singapore had the second highest GDP per capita, but only the sixth highest GDP per employed person—indicating a high employment rate in that country.
Back to Top
Data for most countries are based on the BLS report
International Comparisons of GDP per Capita and per
Hour, 1960–2009. Data for the remaining countries
and all purchasing power parities (PPP) are based on
data in the World Bank database
World Development Indicators. A country or region’s share of world gross
domestic product (GDP) is based on data in The
Conference Board Total Economy Database.
Each country prepares GDP measures in accordance
with national accounts principles. To make
international comparisons of levels of GDP, GDP
per capita, and GDP per employed person, it is
necessary to express GDP in a common currency
unit. BLS converts GDP from national currency units
to U.S. dollars through the use of PPP.
In this section, Europe includes 20 countries:
Austria, Belgium, Cyprus, Denmark, Finland, France,
Germany, Greece, Iceland, Ireland, Italy, Luxembourg,
Malta, Netherlands, Norway, Portugal, Spain,
Sweden, Switzerland, and the United Kingdom.
Gross domestic product (GDP) is the market value of
all goods and services produced in a country. GDP
per capita is GDP divided by population and is a
rough measure of a country’s overall wealth. GDP
per employed person is GDP divided by the number
of employed persons and is a rough measure of a
country’s productivity. Purchasing power parities (PPP)
are currency conversion rates that allow output
in different currency units to be expressed in a
common unit of value. A PPP is the ratio between
the number of units of a country’s currency and
the number of U.S. dollars required to purchase an
equivalent basket of goods and services within each
Last Modified Date: August 2, 2011