Largest Economies of the World 2024
What are the top 10 countries with the biggest economies in the world?
Top 10 Biggest Economies in the world are:
- USA
- China
- Germany
- Japan
- India
- United Kingdom (U.K)
- France
- Italy
- Canada
- South Korea.
What is the rank of India’s economy in 2023?
India is ranked 5th in World Economy Ranking 2023. It has a GDP of $3,755 billion and its income per capita is estimated at $2,389.
How can we evaluate the size of an economy?
Gross Domestic Product(GDP) is the metric used to evaluate the size of an economy. It is the total value of all the goods and services produced within a nation’s territory during an allotted time period.
What is the GDP of India in 2023?
GDP of India at Current Prices in Q2 2023-24 is estimated at ₹71.66 lakh crore. It was ₹65.67 lakh crore in Q2 2022-23.
Has the United States always been the biggest economy?
No, in general India and China have been the biggest economies. As for now, the United States is currently holding on to the top position.
Is there any point where the biggest economy changes over the long run?
Monetary elements can relocate due to variables like strategy shifts, changes in development rates, international occasions and many more.
Which is the 5th largest economy in the world?
India is the 5th largest economy in the world, with a GDP of $3,755 billion and its income per capita estimated at $2,389.
What is the rank of Pakistan’s GDP in the Largest Economies list?
Pakistan ranks 42 in the list of largest economies. GDP in Pakistan is estimated at USD 1,597 per capita, or 376.53 billion USD for the whole country.
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.