April 01, 2011

Turkey Joins The Trillion Dollar Club

Mavi Boncuk | The Trillion dollar club is an unofficial classification of the world's major economies with a gross domestic product (nominal GDP) of more than USD 1 trillion per year.

Due to the world financial crisis, South Korea and Australia exited the trillion dollar club as their nominal GDPs shrank below $1 trillion in 2008 and 2009 respectively. Australia rejoined the list in 2010 while South Korea did so in 2011 as these countries' nominal GDPs once again were above $1 trillion. Accordingly with the IMF, Mexico's estimated nominal GDP in 2009 also disminished below the trillion dollar mark, although other sources such as the CIA reported it above the mark.

Year Country Source
1970 United States
1979 Japan
1987 Germany
1988 France
1990 Italy
1994 United Kingdom
1998 China
2004 Spain
2005 Canada
2006 Brazil
2007 Mexico India Russia South Korea
2008 Australia
2010 Turkey

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