Italy
- GDP: $2,170 billion dollars
- Per Capita Income: $34,158
- Annual GDP Growth Rate: 3.7%
The eighth-largest economy in the world is Italy with a GDP of approximately around $2 trillion.
Eminent for its social legacy, Italy succeeds in ventures like style, extravagance merchandise, and plan. The country’s influence in the luxury market is demonstrated by global brands like Gucci and Prada. The assembling area, including vehicles and hardware, additionally contributes essentially.
However, Italy faces difficulties like an ageing population, high public debt, and bureaucratic inefficiencies. These elements have prompted more slow financial development contrasted with a portion of its European partners.
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.