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CEOWORLD magazine - Latest - Stats Gate - Economy Rankings: Largest countries by GDP, 2023

Stats Gate

Economy Rankings: Largest countries by GDP, 2023

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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

RankCountry2023 GDP20222019202020212023202420252026
1United States26.85 trillion USD24796.07621372.620893.7522939.5825938.15926980.36428035.08529102.501
2China19.37 trillion USD18463.1314340.614866.74116862.97919993.49521594.80923266.92624996.04
3Japan4.41 trillion USD5383.6825135.8965045.1015103.115735.3425958.6516161.8416344.454
4Germany4.31 trillion USD4557.353888.7563843.3354230.1724774.0824985.9915194.8025406.142
5India3.74 trillion USD3250.0782870.5042660.2442946.0613515.1883791.0054084.6944393.812
6United Kingdom3.16 trillion USD3442.2052833.3012709.6783108.4163582.3383761.6853959.374161.703
7France2.92 trillion USD3140.0312728.8342624.4162940.4283281.7143415.9533543.5623668.236
8Italy2.17 trillion USD2272.2692005.1351884.9352120.2322369.6542453.0162537.6592618.242
9Canada2.09 trillion USD2189.7861741.5761644.0372015.9832306.0662413.3942520.1132630.942
10Brazil2.08 trillion USD1810.6121877.8221444.7181645.8371958.4062120.2082255.6732387.808

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.

CEOWORLD magazine’s report has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility, or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. This publication (and any extract from it) must not be copied, redistributed, or placed on any website, without CEOWORLD magazine’ prior written consent.

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CEOWORLD magazine - Latest - Stats Gate - Economy Rankings: Largest countries by GDP, 2023
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