China
- GDP: $19,786 billion dollars
- Per Capita Income: $12,540
- Annual GDP Growth Rate: 3.0%
China is the second-largest economy in the world with a GDP of approximately $18 trillion.
This reflects the country’s efforts which can come through with the help of its different sectors like manufacturing , its technology advancement and its future oriented planning.
China makes products at a less cost and makes them more unique which led to a increase in its export to other countries. The massive production of goods also helps to provide employment to its population.
Top 10 World’s Largest Economies by Nominal GDP in 2024
As of 2023, the United States maintains its position as the world’s largest economy, with a Gross Domestic Product (GDP) of approximately $26.954 trillion. Following the United States, China holds the second spot with a GDP of about $17.786 trillion.
In this article, we will learn about the current ranking of the world’s top 10 biggest economies in 2024 in detail, their GDP and per capita income, and how the list of these highest-ranking countries is prepared.