What are the largest economies in the world? The five largest economies in the world, as measured by nominal GDP, are the U.S., China, Japan, Germany, and India. The top 5 countries—the U.S., China, Japan, Germany, and India—make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. In fact, the GDP of the United States alone is greater than the combined GDP of 170 countries. How do the different economies of the world compare?
The United States has been the world’s largest economy since 1871. The nominal GDP for the United States is $26.85 trillion in 2023. China is the second-largest economy considering nominal GDP, at $19.37 trillion. Japan has the third-largest economy in the world with a GDP of $4.41 trillion. The German economy is the fourth-largest in the world with a GDP of $4.31 trillion. India’s economy is the fifth-largest in the world with a GDP of $3.74 trillion. The United Kingdom, which has a $3.16 trillion GDP, is the sixth-largest economy in the world.
World GDP: The World’s GDP is $95 trillion as of 2023, the list shows historical, present, and future values for all the countries from 2019 to 2026. Below is the list of Countries by GDP, ranked as per the economic activity of each country in 2023. Gross Domestic Product (GDP) serves as a broad indicator of a country’s economic output. GDP is the monetary market value of all final goods and services made within a country during a specific period. The world GDP is the added total of the gross national income for every country in the world. Generally speaking, when GDP is increasing in a country, it is a sign of greater economic activity that benefits workers and businesses (while the reverse is true for a decline). GDP is in billions of US dollars. Who are the biggest contributors to the global economy?
100 Largest countries by GDP, 2023
|1||United States||26.85 trillion USD||24796.076||21372.6||20893.75||22939.58||25938.159||26980.364||28035.085||29102.501|
|2||China||19.37 trillion USD||18463.13||14340.6||14866.741||16862.979||19993.495||21594.809||23266.926||24996.04|
|3||Japan||4.41 trillion USD||5383.682||5135.896||5045.101||5103.11||5735.342||5958.651||6161.841||6344.454|
|4||Germany||4.31 trillion USD||4557.35||3888.756||3843.335||4230.172||4774.082||4985.991||5194.802||5406.142|
|5||India||3.74 trillion USD||3250.078||2870.504||2660.244||2946.061||3515.188||3791.005||4084.694||4393.812|
|6||United Kingdom||3.16 trillion USD||3442.205||2833.301||2709.678||3108.416||3582.338||3761.685||3959.37||4161.703|
|7||France||2.92 trillion USD||3140.031||2728.834||2624.416||2940.428||3281.714||3415.953||3543.562||3668.236|
|8||Italy||2.17 trillion USD||2272.269||2005.135||1884.935||2120.232||2369.654||2453.016||2537.659||2618.242|
|9||Canada||2.09 trillion USD||2189.786||1741.576||1644.037||2015.983||2306.066||2413.394||2520.113||2630.942|
|10||Brazil||2.08 trillion USD||1810.612||1877.822||1444.718||1645.837||1958.406||2120.208||2255.673||2387.808|
This report was prepared by the CEOWORLD magazine’s Economics and Policy team. Our Economics and Policy team’s consulting services combine strategic analysis of macroeconomics and microeconomic trends with strong quantitative techniques across all industry sectors and public policy analysis.
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