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Thursday, October 10, 2024
CEOWORLD magazine - Latest - Special Reports - Revealed: These Are The World’s Largest Economies For 2024

Special Reports

Revealed: These Are The World’s Largest Economies For 2024

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Despite mounting concerns about rising prices, the United States has maintained its position as the world’s largest economy, with an impressive GDP of $28.78 trillion. China closely follows with a substantial GDP of $18.54 trillion. Meanwhile, Germany solidified its position as Europe’s economic leader with a GDP of $4.59 trillion, relying on its manufacturing expertise and robust exports while navigating additional challenges from energy supply issues related to the Russia-Ukraine conflict.

Japan, holding the number four ranking with a GDP of $4.11 trillion, has demonstrated renewed economic strength, propelled by enhanced productivity and heightened consumer spending following the 2020 Tokyo Olympics. Meanwhile, India, ranked at number five, has asserted itself as one of the fastest-growing economies with a GDP of $3.94 trillion. This ascent is attributed to its dynamic and skilled workforce, robust technology sector, ongoing reforms, and substantial infrastructure investments.

The next largest economies were the United Kingdom, at $3.50 trillion. France, at $3.13 trillion. Brazil, at $2.33 trillion. Italy, $2.33 trillion, and Canada, $2.24 trillion. Each country has shown varying growth and economic stability levels in recent years.

World’s Largest Economies For 2024: GDP, current prices (Billions of U.S. dollars)

The world’s largest economies by Gross Domestic Product (GDP) for 2024

Rank 2024CountryGDP 2024GDP 2025GDP 2026GDP 2027GDP 2028GDP 2029
1United States28781.08329839.68431018.77132274.45833582.24234950.012
2China18532.63319790.07421027.66422276.91823579.01324842.337
3Germany4591.14772.2594941.6465089.7955229.2725358.074
4Japan4110.4524310.3664499.5244649.094836.3314944.744
5India3937.0114339.834789.8295287.045833.4236436.653
6United Kingdom3495.2613685.4083915.5664144.3714394.7134661.463
7France3130.0143223.1333332.6533437.1763544.9963645.286
8Brazil2331.3912437.9062596.1172760.0572903.8913058.227
9Italy2328.0282390.4432439.6222492.6292558.6782625.878
10Canada2242.1822360.5812469.2082576.3182688.1512805.774
11Russia2056.8442090.5222117.2442148.6762182.0132211.461
12Mexico2017.0252128.072231.0992331.6372437.852543.963
13Australia1790.3481863.2381940.4782016.8772107.3112208.401
14South Korea1760.9471842.6611924.42004.8942087.3192171.007
15Spain1647.1141715.5841772.091829.2211890.0221950.639
16Indonesia1475.691613.9041746.6041886.1182035.9592194.815
17Netherlands1142.5131177.5921223.0531269.8911317.551363.567
18Türkiye1113.5611106.9161153.4941197.3141241.7081286.119
19Saudi Arabia1106.0151171.0031228.9061289.6181349.311429.303
20Switzerland938.458971.7451022.4241062.4491117.3471160.827
21Poland844.623884.581937.789984.451022.9361063.492
22Taiwan802.958854.677900.208943.377975.6431005.191
23Belgium655.192673.248693.456714.154737.174759.32
24Sweden623.048651.281680.164711.1742.266774.57
25Argentina604.26558.957592.49629.443663.404694.081
26Ireland564.02586.864612.631639.446667.93696.95
27Thailand548.89573.394605.762643.894678.622710.434
28Austria540.887561.734581.023598.329615.262632.535
29Israel530.664569.509594.688621.711651.253682.284
30United Arab Emirates527.796550.24577.754609.469645.345685.153
31Norway526.951554.775564.342581.215597.958617.095
32Singapore525.228548.148573.465599.299626.285654.713
33Philippines471.516509.379551.56596.935650.628709.641
34Vietnam465.814505.531546.491589.854635.648684.01
35Iran464.181486.247509.425532.17554.011576.239
36Bangladesh455.162491.815546.924613.706691.865779.978
37Malaysia445.519477.829509.068538.333570.626603.082
38Denmark409.989424.326441.465458.995477.516496.843
39Hong Kong SAR406.775427.782449.263471.607494.999519.326
40Colombia386.076400.48417.861439.433462.1485.35
41South Africa373.233384.765398.062413.042427.66442.857
42Romania369.971389.689413.281438.774463.786488.55
43Egypt347.594328.845374.251426.392482.639539.606
44Pakistan338.237no datano datano datano datano data
45Chile333.76374.753391.385408.875426.968445.147
46Czech Republic325.88337.53351.158365.662381.166397.087
47Finland308.055318.583329.774341.682353.842365.673
48Portugal298.949309.715321.832334.087346.807359.658
49Kazakhstan296.74312.99327.308350.694370.044388.61
50Peru282.458294.781307.194319.956333.131346.778
51Algeria266.78277.339287.038294.125300.405306.032
52Iraq265.894278.811292.147307.465325.197345.074
53New Zealand257.626266.774277.688288.508301.286314.499
54Nigeria252.738251.198254.831265.781276.779287.85
55Greece250.276260.452270.034278.721287.758297.028
56Qatar244.686251.898268.995289.377302.323312.262
57Hungary223.413240.121254.15269.148285.531302.462
58Ethiopia205.13236.044265.498295.859329.998368.713
59Ukraine188.943193.602202.563214.297227.047239.225
60Kuwait160.397163.377166.478171.137176.782183.425
61Morocco152.377161.436170.859180.096189.674199.772
62Slovak Republic140.808149.401157.083164.227171.757179.484
63Dominican Republic127.356136.3145.936156.48167.823179.897
64Ecuador121.592124.408128.731133.47138.747144.301
65Puerto Rico117.763120.425123.625128.927133.22137.419
66Guatemala110.035117.986126.587135.893146.054156.974
67Oman108.927111.052114.812119.129124.098127.526
68Bulgaria107.933114.461120.579126.442132.618138.756
69Kenya104.001109.646118.046126.229135.491145.378
70Venezuela102.328105.876no datano datano datano data
71Uzbekistan97.956109.853123.097137.552153.74170.314
72Costa Rica96.058102.334108.021114.297120.956127.867
73Angola92.12395.38698.704104.687109.642114.976
74Luxembourg88.55693.36697.424101.572105.834110.144
75Croatia88.07692.31597.053101.634106.426111.286
76Panama87.34791.73197.309103.225109.501116.159
77Côte d'Ivoire86.91193.892101.688109.883118.67128.306
78Uruguay82.60586.29490.11194.19298.607103.27
79Turkmenistan81.89689.00197.013105.932115.835126.814
80Serbia81.87387.73894.258100.902107.914115.73
81Lithuania81.1784.72788.53192.47696.59100.765
82Tanzania79.60586.12693.739103.022113.481124.968
83Azerbaijan78.74981.43884.59688.19292.41497.433
84Ghana75.24476.01981.08486.45692.24498.554
85Congo, Dem. Rep. of the73.76183.08291.93102.155111.926122.371
86Slovenia72.10175.09678.59182.21286.08290.032
87Belarus69.04870.81573.43576.40280.00583.378
88Myanmar68.00673.53979.52986.11993.251100.968
89Uganda56.3162.05667.4673.67180.96890.141
90Tunisia54.70855.84758.06959.0959.46860.037
91Macao SAR54.67761.77766.17169.82773.6577.625
92Jordan53.5756.55659.70963.03866.55370.263
93Cameroon53.20557.66161.82866.13770.23274.693
94Bolivia49.33452.5255.75259.20562.87166.761
95Libya48.22150.55952.28653.01753.80155.191
96Bahrain46.7948.72950.73352.98255.42758.098
97Paraguay45.81748.03351.39554.20657.19160.351
98Latvia45.46648.27450.74753.31956.02458.828
99Cambodia45.1548.72552.6156.74761.09765.607
100Nepal44.17948.90453.91859.46365.64872.475
101Estonia43.48645.47647.69550.00352.50155.205
102Honduras37.35539.62441.96244.46247.10749.922
103Senegal35.4539.96342.94545.87249.81553.015
104El Salvador35.33337.0938.85940.64342.4444.325
105Zimbabwe34.40535.31236.42437.54138.74939.923
106Cyprus34.22135.93537.80639.79641.80443.817
107Iceland33.33835.80238.55941.644.92248.475
108Georgia32.86535.55438.23441.05143.75447.549
109Papua New Guinea31.71632.6433.56734.65835.91537.198
110Zambia29.87232.4135.06438.03541.23344.601
111Bosnia and Herzegovina29.07830.75432.43634.05235.7237.722
112Trinidad and Tobago28.36529.50530.0530.82931.83632.845
113Sudan26.86527.44728.2528.80629.23629.254
114Guinea25.44727.21629.02731.06433.25535.384
115Albania25.43126.91128.69130.54232.53434.674
116Armenia25.40827.15129.15131.28433.57536.048
117Haiti24.04624.35924.21424.15824.58225.372
118Mozambique22.97525.20826.66830.84135.20838.919
119Malta22.73724.02325.37126.73728.16729.637
120Mongolia21.94323.50925.38227.24629.21531.326
121Burkina Faso21.90223.5625.23727.01128.92930.961
122Lebanon21.78no datano datano datano datano data
123Mali21.66222.98424.56526.24428.04929.946
124Botswana21.41822.77924.82826.79128.90931.184
125Benin21.37123.10724.92726.91429.06431.398
126Guyana21.17823.68528.00528.98530.07631.268
127Gabon21.01321.09921.42521.83122.35722.871
128Jamaica20.09820.85621.54422.25622.99723.763
129Nicaragua18.82920.26821.81623.48325.27727.208
130Niger18.81620.4122.08823.80725.70127.72
131Chad18.69719.69820.78321.96423.25224.632
132Moldova18.35620.1922.24724.51627.02229.867
133Yemen16.9417.17619.66122.86524.97826.754
134Madagascar16.46517.91719.26820.76222.72524.898
135Mauritius16.35917.65118.95420.18921.48822.842
136North Macedonia 15.87316.90417.95319.1520.32321.404
137Brunei Darussalam15.5116.31917.02517.77118.67819.769
138Congo, Republic of 15.50116.22917.08418.07619.18820.527
139Lao P.D.R.15.1916.22117.00617.95119.10720.368
140Afghanistan14.467no datano datano datano datano data
141Bahamas, The14.3914.92615.44315.95916.52217.102
142Rwanda13.70114.13515.1816.37417.80219.478
143Kyrgyz Republic13.59914.66615.62216.5217.3518.216
144Tajikistan12.95314.11815.39516.77418.19919.744
145Somalia12.80413.89115.05916.3117.63818.985
146Namibia12.76513.48614.24514.9915.74516.538
147Kosovo11.31812.21513.06713.87614.6815.516
148Malawi11.24111.33311.69812.35113.06413.837
149Equatorial Guinea10.70810.73410.92611.43111.83112.443
150Mauritania10.62811.35611.94112.5313.05113.182
151Togo9.83210.55711.33712.1813.08714.068
152Montenegro8.0118.4678.9169.3679.84110.33
153Maldives7.1997.8978.4619.0449.6410.276
154Barbados6.8637.2687.6438.0198.4128.81
155South Sudan, Republic of6.5176.9877.3247.7898.5149.702
156Fiji5.8016.1036.4416.7927.1637.546
157Eswatini5.0855.3065.5275.7766.016.198
158Liberia4.7545.0685.4815.8926.4086.867
159Sierra Leone4.5584.5944.694.9095.1855.483
160Djibouti4.3644.7155.1035.4985.9266.322
161Suriname4.3374.64.7885.0555.2875.59
162Aruba4.0694.1814.3084.4424.584.723
163Andorra3.8974.0334.164.2894.4214.554
164Belize3.2963.4563.5893.7263.8694.017
165Bhutan3.113.3953.7053.984.2834.654
166Burundi3.0753.2993.7874.2264.6544.97
167Central African Republic2.812.9863.1653.3383.5153.711
168Cabo Verde2.7182.9043.0923.2933.5053.734
169Gambia, The2.6943.0063.2263.4083.613.885
170Saint Lucia2.5822.7012.8172.9313.0493.172
171Lesotho2.3952.5242.642.7362.8373.037
172Seychelles2.2032.3342.4812.6492.8313.025
173Guinea-Bissau2.1512.3212.52.6942.893.081
174Antigua and Barbuda2.1272.2582.3672.482.62.725
175San Marino2.0342.0922.1592.2272.2982.37
176Timor-Leste1.9922.142.2922.4532.6252.809
177Solomon Islands1.7071.821.9332.0562.1842.318
178Comoros1.4221.5161.6171.7161.8181.924
179Grenada1.4061.4871.5661.6441.7261.812
180Vanuatu1.2891.41.51.6051.7091.821
181Saint Kitts and Nevis1.1341.2071.2791.3451.4111.481
182Saint Vincent and the Grenadines1.1281.1951.2531.3131.3751.441
183Samoa1.0241.0931.1521.2041.2541.309
184Sao Tome and Principe0.7510.8210.8890.9641.0441.132
185Dominica0.7080.7530.7930.8330.8740.913
186Tonga0.5810.6060.6250.6430.6650.686
187Micronesia, Fed. States of0.4840.5070.5260.5410.5560.571
188Kiribati0.3110.3320.3490.3650.3790.394
189Palau0.3080.3510.3710.3860.3990.413
190Marshall Islands0.3050.3180.330.3420.3540.366
191Nauru0.1610.1640.1690.1720.1760.181
192Tuvalu0.0660.0690.0720.0760.080.084

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CEOWORLD magazine - Latest - Special Reports - Revealed: These Are The World’s Largest Economies For 2024
Christina Miller
Associate News Editor at CEOWORLD Magazine. I lead the reporting team that covers US financial services and I write a business column for the opinion section. I write news pieces about the US and European market for start-ups and interview CEOs for our interview slot. I also presented one of the CEOWORLD magazine's early podcast hits, Money Stories, in which I persuadeded notable CEOs to share insights into the breaking news, moments of crisis and key decisions that enabled them to build successful international companies.