What is the Combined GDP of all NATO Members?

Dr. Leon Hartwell
2 min readMar 4, 2024

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The combined GDP of all 31 NATO members, alongside impending addition of Sweden as a member state, amounts to a staggering $45.93319 trillion (calculation below).

Placing this figure into context, the world’s GDP stands at approximately $100,562 trillion (nominal, 2022). Consequently, NATO’s GDP constitutes a formidable 45.65 percent of the global GDP.

For further perspective, consider China’s GDP, which stands at $17.963 trillion, and Russia’s at $2.240 trillion. In light of these figures, NATO’s GDP surpasses China’s by 2.554 times and Russia’s by an astonishing 20.5 times.

These numbers underscore the considerable economic power wielded by NATO and its member states on the global stage. Nonetheless, it is essential to recognize that while possessing economic power is one aspect, the strategic decision to actually channel this power toward effecting change is another matter entirely.

Here are the NATO member states, including Sweden, listed from largest to smallest economy based on nominal GDP in 2022, along with the size of their GDP in billion or trillions of U.S. dollars:

1. United States: $25.463 trillion

2. Germany: $4.072 trillion

3. United Kingdom: $3.071 trillion

4. France: $2.783 trillion

5. Italy: $2.010 trillion

6. Canada: $2.140 trillion

7. Spain: $1.398 trillion

8. Netherlands: $991 billion

9. Turkey: $906 billion

10. Sweden: $586 billion

11. Poland: $688 billion

12. Norway: $579 billion

13. Belgium: $579 billion

14. Czech Republic: $291 billion

15. Finland: $280.83 billion

16. Romania: $301 billion

17. Greece: $219 billion

18. Portugal: $252 billion

19. Hungary: $179 billion

20. Denmark: $395 billion

21. Slovakia: $115 billion

22. Lithuania: $70.33 billion

23. Croatia: $70.96 billion

24. Slovenia: $62.12 billion

25. Luxembourg: $82.27 billion

26. Latvia: $41.15 billion

27. Estonia: $38.10 billion

28. Bulgaria: $89.04 billion

29. Albania: $18.88 billion

30. North Macedonia: $13.56 billion

31. Iceland: $27.84 billion

32. Montenegro: $6.10 billion

*Dr. Leon Hartwell is a Visiting Fellow at the European Leadership Network (ELN), Senior Associate at LSE IDEAS, London School of Economics, and a Non-Resident Fellow at the Center for European Policy Analysis (CEPA).

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Dr. Leon Hartwell
Dr. Leon Hartwell

Written by Dr. Leon Hartwell

Senior Associate at @lseideas . Non-Resident Senior Fellow at @CEPA , and Visiting Fellow at @theELN . Once told a joke to a dictator.

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