Total GDP: $118.46 Tn

Top 5 GDP by Country

Total GDP: $118.46 Tn
Country
Rank
GDP (IMF '25)
GDP (UN '23)
GDP Per Capita
Population
United States FlagUnited States1$30.86 Tn$27.81 Tn$88,419349,035,494
China FlagChina2$19.63 Tn$18.27 Tn$13,8911,412,914,089
Germany FlagGermany3$5.12 Tn$4.53 Tn$61,15983,644,258
Japan FlagJapan4$4.45 Tn$4.21 Tn$36,373122,427,731
United Kingdom FlagUnited Kingdom5$4.01 Tn$3.42 Tn$57,37469,931,528
India FlagIndia6$3.91 Tn$3.65 Tn$2,6471,476,625,576
France FlagFrance7$3.38 Tn$3.06 Tn$50,67866,746,401
Russia FlagRussia8$2.57 Tn$2.07 Tn$17,939143,394,458
Italy FlagItaly9$2.55 Tn$2.32 Tn$43,27658,926,166
Canada FlagCanada10$2.32 Tn$2.20 Tn$57,35940,467,728
Brazil FlagBrazil11$2.28 Tn$2.19 Tn$10,676213,562,666
Spain FlagSpain12$1.91 Tn$1.62 Tn$39,88747,850,793
South Korea FlagSouth Korea13$1.88 Tn$1.84 Tn$36,46851,600,388
Australia FlagAustralia14$1.84 Tn$1.78 Tn$67,60727,227,096
Mexico FlagMexico15$1.84 Tn$1.79 Tn$13,798132,997,658
Turkey FlagTurkey16$1.60 Tn$1.12 Tn$18,23087,926,082
Indonesia FlagIndonesia17$1.45 Tn$1.37 Tn$5,022287,886,782
Netherlands FlagNetherlands18$1.32 Tn$1.14 Tn$71,65718,448,775
Saudi Arabia FlagSaudi Arabia19$1.27 Tn$1.22 Tn$36,21635,165,787
Switzerland FlagSwitzerland20$1.06 Tn$894.42 Bn$117,7539,007,798
Poland FlagPoland21$1.04 Tn$812.45 Bn$27,49637,843,188
Taiwan FlagTaiwan22$920.59 Bn$0$40,00623,011,292
Belgium FlagBelgium23$725.06 Bn$644.66 Bn$61,57811,774,642
Argentina FlagArgentina24$683.59 Bn$649.46 Bn$14,85946,003,734
Ireland FlagIreland25$680.36 Bn$551.39 Bn$127,0055,356,950
Sweden FlagSweden26$676.54 Bn$578.99 Bn$63,22210,701,047
Israel FlagIsrael27$616.56 Bn$513.39 Bn$63,9089,647,689
United Arab Emirates FlagUnited Arab Emirates28$614.40 Bn$522.62 Bn$53,08111,574,682
Singapore FlagSingapore29$603.87 Bn$505.44 Bn$102,2515,905,748
Austria FlagAustria30$580.10 Bn$516.67 Bn$63,6979,107,266
Thailand FlagThailand31$577.01 Bn$515.91 Bn$8,06371,559,614
Norway FlagNorway32$530.15 Bn$482.95 Bn$93,7825,652,989
Vietnam FlagVietnam33$494.05 Bn$433.86 Bn$4,835102,177,431
Philippines FlagPhilippines34$487.09 Bn$437.06 Bn$4,138117,724,471
Malaysia FlagMalaysia35$472.73 Bn$399.71 Bn$12,99236,385,115
Denmark FlagDenmark36$470.95 Bn$404.65 Bn$78,1856,023,520
Bangladesh FlagBangladesh37$457.90 Bn$422.43 Bn$2,575177,818,044
Colombia FlagColombia38$457.10 Bn$366.29 Bn$8,47553,936,226
Romania FlagRomania39$429.29 Bn$350.78 Bn$22,83418,800,605
South Africa FlagSouth Africa40$427.14 Bn$381.44 Bn$6,52665,453,084
Hong Kong FlagHong Kong41$427.06 Bn$381.04 Bn$57,8797,378,602
Pakistan FlagPakistan42$408.16 Bn$299.44 Bn$1,574259,299,791
Czechia FlagCzechia43$391.79 Bn$343.21 Bn$37,21510,527,781
Iran FlagIran44$371.12 Bn$421.79 Bn$3,98393,168,497
Egypt FlagEgypt45$364.64 Bn$331.59 Bn$3,036120,101,175
Chile FlagChile46$357.40 Bn$335.52 Bn$17,91919,945,850
Portugal FlagPortugal47$346.43 Bn$292.32 Bn$33,32510,395,362
Peru FlagPeru48$341.96 Bn$266.96 Bn$9,79234,922,148
Finland FlagFinland49$318.23 Bn$295.05 Bn$56,6075,621,739
Kazakhstan FlagKazakhstan50$306.00 Bn$261.84 Bn$14,51421,083,626
Nigeria FlagNigeria51$290.49 Bn$486.71 Bn$1,198242,431,832
Algeria FlagAlgeria52$284.46 Bn$247.63 Bn$5,92348,028,334
Greece FlagGreece53$280.48 Bn$243.50 Bn$28,3399,897,115
Iraq FlagIraq54$264.17 Bn$269.55 Bn$5,50348,007,437
New Zealand FlagNew Zealand55$259.51 Bn$255.19 Bn$49,0805,287,479
Hungary FlagHungary56$247.13 Bn$214.02 Bn$25,7809,585,818
Qatar FlagQatar57$215.56 Bn$217.31 Bn$67,9243,173,559
Ukraine FlagUkraine58$214.23 Bn$181.22 Bn$5,41939,535,849
Morocco FlagMorocco59$183.97 Bn$146.06 Bn$4,74638,762,441
Kuwait FlagKuwait60$157.20 Bn$165.38 Bn$30,8075,102,773
Slovakia FlagSlovakia61$154.44 Bn$133.90 Bn$28,3315,451,342
Uzbekistan FlagUzbekistan62$147.07 Bn$102.64 Bn$3,89937,724,223
Angola FlagAngola63$140.68 Bn$114.34 Bn$3,49840,215,179
Kenya FlagKenya64$135.92 Bn$107.50 Bn$2,31858,636,412
Bulgaria FlagBulgaria65$131.02 Bn$102.20 Bn$19,6516,667,659
Ecuador FlagEcuador66$130.32 Bn$121.15 Bn$7,06618,444,506
Puerto Rico FlagPuerto Rico67$129.37 Bn$118.38 Bn$40,1433,222,688
Dominican Republic FlagDominican Republic68$127.89 Bn$120.46 Bn$11,01611,609,500
Ethiopia FlagEthiopia69$126.35 Bn$159.75 Bn$910138,902,185
Guatemala FlagGuatemala70$123.32 Bn$104.37 Bn$6,50118,967,978
Ghana FlagGhana71$114.71 Bn$80.55 Bn$3,21335,697,557
Oman FlagOman72$109.43 Bn$106.17 Bn$19,2955,671,458
Sri Lanka FlagSri Lanka73$108.86 Bn$83.72 Bn$4,66223,348,315
Croatia FlagCroatia74$105.01 Bn$84.40 Bn$27,4723,822,345
Costa Rica FlagCosta Rica75$102.90 Bn$86.50 Bn$19,8855,174,789
Venezuela FlagVenezuela76$101.49 Bn$139.46 Bn$3,54428,633,711
Luxembourg FlagLuxembourg77$101.10 Bn$88.79 Bn$147,066687,448
Serbia FlagSerbia78$99.95 Bn$81.34 Bn$15,0496,641,964
Ivory Coast FlagIvory Coast79$99.90 Bn$79.62 Bn$2,98333,494,346
Belarus FlagBelarus80$96.05 Bn$72.48 Bn$10,7478,937,018
Lithuania FlagLithuania81$95.15 Bn$79.79 Bn$34,0142,797,338
DR Congo FlagDR Congo82$92.90 Bn$72.95 Bn$798116,452,162
Panama FlagPanama83$90.46 Bn$83.32 Bn$19,5574,625,718
Tanzania FlagTanzania84$89.61 Bn$0$1,23572,563,780
Uruguay FlagUruguay85$85.58 Bn$77.99 Bn$25,2993,382,537
Myanmar FlagMyanmar86$82.31 Bn$63.94 Bn$1,49255,184,819
Slovenia FlagSlovenia87$80.38 Bn$69.15 Bn$38,0112,114,573
Turkmenistan FlagTurkmenistan88$77.40 Bn$62.80 Bn$10,0047,736,632
Azerbaijan FlagAzerbaijan89$75.94 Bn$72.43 Bn$7,26310,454,855
Uganda FlagUganda90$66.45 Bn$51.02 Bn$1,25952,761,469
Bolivia FlagBolivia91$65.24 Bn$45.14 Bn$5,11712,749,291
Jordan FlagJordan92$61.70 Bn$51.09 Bn$5,32411,589,532
Cameroon FlagCameroon93$59.16 Bn$48.81 Bn$1,93130,640,817
Zimbabwe FlagZimbabwe94$58.29 Bn$44.48 Bn$3,37517,273,580
Tunisia FlagTunisia95$57.26 Bn$48.20 Bn$4,61212,415,138
Macau FlagMacau96$52.06 Bn$45.63 Bn$71,988723,188
Cambodia FlagCambodia97$50.66 Bn$41.93 Bn$2,80618,051,219
Paraguay FlagParaguay98$49.28 Bn$43.14 Bn$6,9457,095,279
Bahrain FlagBahrain99$48.97 Bn$46.19 Bn$29,2231,675,572
Latvia FlagLatvia100$48.59 Bn$42.78 Bn$26,4671,835,935
Estonia FlagEstonia101$47.29 Bn$41.29 Bn$35,5291,331,062
Nepal FlagNepal102$45.49 Bn$40.62 Bn$1,53529,629,410
Libya FlagLibya103$44.74 Bn$44.03 Bn$5,9337,539,851
Guinea FlagGuinea104$42.27 Bn$34.67 Bn$2,73715,441,993
Cyprus FlagCyprus105$41.20 Bn$35.08 Bn$29,8061,382,334
Honduras FlagHonduras106$39.60 Bn$34.36 Bn$3,54011,184,760
Iceland FlagIceland107$38.47 Bn$31.71 Bn$95,621402,329
Georgia FlagGeorgia108$38.14 Bn$30.78 Bn$10,0243,804,642
Senegal FlagSenegal109$37.08 Bn$35.05 Bn$1,91419,366,548
El Salvador FlagEl Salvador110$36.71 Bn$33.85 Bn$5,7436,391,253
Sudan FlagSudan111$36.50 Bn$32.56 Bn$68553,282,719
Lebanon FlagLebanon112$34.49 Bn$40.08 Bn$5,8495,897,467
Bosnia and Herzegovina FlagBosnia and Herzegovina113$33.59 Bn$28.73 Bn$10,7863,114,242
Papua New Guinea FlagPapua New Guinea114$33.10 Bn$30.82 Bn$3,02310,947,848
Haiti FlagHaiti115$32.10 Bn$19.84 Bn$2,66712,037,506
Mali FlagMali116$31.23 Bn$24.62 Bn$1,20425,932,275
Albania FlagAlbania117$30.11 Bn$23.49 Bn$10,9442,751,025
Armenia FlagArmenia118$29.31 Bn$24.19 Bn$10,0002,930,915
Zambia FlagZambia119$28.71 Bn$27.58 Bn$1,27522,521,915
Malta FlagMalta120$27.85 Bn$22.62 Bn$50,735549,011
Burkina Faso FlagBurkina Faso121$27.68 Bn$20.32 Bn$1,12524,601,700
Guyana FlagGuyana122$26.77 Bn$16.92 Bn$31,829840,890
Trinidad and Tobago FlagTrinidad and Tobago123$25.93 Bn$25.04 Bn$17,1321,513,268
Mongolia FlagMongolia124$25.37 Bn$20.33 Bn$7,1333,556,798
Benin FlagBenin125$24.61 Bn$19.67 Bn$1,62215,170,419
Mozambique FlagMozambique126$23.60 Bn$20.92 Bn$64436,639,851
Kyrgyzstan FlagKyrgyzstan127$22.63 Bn$15.18 Bn$3,0577,400,465
Jamaica FlagJamaica128$22.59 Bn$21.42 Bn$7,9722,833,403
Nicaragua FlagNicaragua129$22.24 Bn$17.81 Bn$3,1337,097,329
Chad FlagChad130$21.96 Bn$18.35 Bn$1,01821,560,380
Gabon FlagGabon131$21.89 Bn$20.06 Bn$8,2682,647,399
Niger FlagNiger132$21.27 Bn$15.50 Bn$73828,814,878
Moldova FlagMoldova133$20.34 Bn$16.71 Bn$6,8692,961,253
Botswana FlagBotswana134$19.89 Bn$19.41 Bn$7,6402,603,388
Afghanistan FlagAfghanistan135$19.71 Bn$16.34 Bn$43845,047,069
Madagascar FlagMadagascar136$19.47 Bn$15.87 Bn$58133,522,052
North Macedonia FlagNorth Macedonia137$19.14 Bn$15.86 Bn$10,6101,804,063
Tajikistan FlagTajikistan138$17.54 Bn$12.24 Bn$1,59810,978,599
Bahamas FlagBahamas139$17.22 Bn$15.27 Bn$42,555404,628
Laos FlagLaos140$16.91 Bn$15.01 Bn$2,1207,974,017
Rwanda FlagRwanda141$16.37 Bn$14.81 Bn$1,10014,889,693
Mauritius FlagMauritius142$16.07 Bn$14.10 Bn$12,7051,265,059
Republic of the Congo FlagRepublic of the Congo143$15.43 Bn$15.74 Bn$2,3246,637,785
Malawi FlagMalawi144$15.10 Bn$13.36 Bn$66322,785,535
Namibia FlagNamibia145$15.08 Bn$12.41 Bn$4,7823,153,246
Brunei FlagBrunei146$15.00 Bn$15.10 Bn$31,934469,775
Somalia FlagSomalia147$13.23 Bn$10.96 Bn$65220,305,907
Equatorial Guinea FlagEquatorial Guinea148$12.85 Bn$12.12 Bn$6,4741,984,468
Mauritania FlagMauritania149$12.60 Bn$10.73 Bn$2,3085,461,319
Togo FlagTogo150$11.91 Bn$9.39 Bn$1,1999,930,918
Montenegro FlagMontenegro151$9.23 Bn$7.64 Bn$14,736626,233
Liechtenstein FlagLiechtenstein152$9.03 Bn$8.24 Bn$223,79140,368
Barbados FlagBarbados153$7.94 Bn$7.22 Bn$28,098282,724
Yemen FlagYemen154$7.86 Bn$5.39 Bn$18342,961,653
Maldives FlagMaldives155$7.76 Bn$6.62 Bn$14,598531,517
Sierra Leone FlagSierra Leone156$7.71 Bn$6.41 Bn$8578,996,745
Burundi FlagBurundi157$6.78 Bn$3.96 Bn$46114,729,157
Fiji FlagFiji158$6.23 Bn$5.48 Bn$6,644937,282
South Sudan FlagSouth Sudan159$5.54 Bn$4.65 Bn$44512,436,037
Liberia FlagLiberia160$5.22 Bn$4.83 Bn$8915,853,949
Eswatini FlagEswatini161$5.21 Bn$4.60 Bn$4,1001,269,859
Suriname FlagSuriname162$4.74 Bn$3.46 Bn$7,343645,256
Central African Republic FlagCentral African Republic163$4.64 Bn$2.56 Bn$8135,698,984
Andorra FlagAndorra164$4.49 Bn$3.79 Bn$53,62283,753
Djibouti FlagDjibouti165$4.49 Bn$3.90 Bn$3,7431,199,459
Aruba FlagAruba166$4.42 Bn$3.77 Bn$40,864108,164
Bhutan FlagBhutan167$3.51 Bn$3.01 Bn$4,375802,214
Belize FlagBelize168$3.32 Bn$3.05 Bn$7,750428,644
Cape Verde FlagCape Verde169$3.06 Bn$2.54 Bn$5,785529,630
Gambia FlagGambia170$2.78 Bn$2.30 Bn$9652,884,079
Lesotho FlagLesotho171$2.77 Bn$2.13 Bn$1,1582,389,336
Guinea-Bissau FlagGuinea-Bissau172$2.66 Bn$1.84 Bn$1,1562,297,808
Saint Lucia FlagSaint Lucia173$2.66 Bn$2.40 Bn$14,716180,488
Seychelles FlagSeychelles174$2.33 Bn$2.19 Bn$17,242134,959
Antigua and Barbuda FlagAntigua and Barbuda175$2.27 Bn$2.05 Bn$24,02194,626
San Marino FlagSan Marino176$2.25 Bn$2.03 Bn$67,04433,605
Timor-Leste FlagTimor-Leste177$2.06 Bn$2.08 Bn$1,4361,436,923
Solomon Islands FlagSolomon Islands178$1.73 Bn$1.51 Bn$2,013858,288
Comoros FlagComoros179$1.61 Bn$1.45 Bn$1,789899,010
Grenada FlagGrenada180$1.47 Bn$1.34 Bn$12,525117,362
Vanuatu FlagVanuatu181$1.31 Bn$1.09 Bn$3,812342,564
Samoa FlagSamoa182$1.29 Bn$1.14 Bn$5,841220,528
Saint Vincent and the Grenadines FlagSaint Vincent and the Grenadines183$1.21 Bn$1.05 Bn$12,18299,245
Saint Kitts and Nevis FlagSaint Kitts and Nevis184$1.08 Bn$1.06 Bn$22,89846,992
Sao Tome and Principe FlagSao Tome and Principe185$981.00 Mn$684.07 Mn$4,004244,994
Dominica FlagDominica186$744.00 Mn$659.31 Mn$11,35765,511
Tonga FlagTonga187$692.00 Mn$590.62 Mn$6,700103,291
Micronesia FlagMicronesia188$507.00 Mn$443.92 Mn$4,440114,183
Palau FlagPalau189$352.00 Mn$281.85 Mn$19,98417,614
Kiribati FlagKiribati190$349.00 Mn$291.42 Mn$2,521138,445
Marshall Islands FlagMarshall Islands191$303.00 Mn$259.97 Mn$8,63935,075
Nauru FlagNauru192$176.00 Mn$172.81 Mn$14,54412,101
Tuvalu FlagTuvalu193$70.00 Mn$50.55 Mn$7,4779,362
Bermuda FlagBermuda194$0$8.58 Bn$133,09664,459
British Virgin Islands FlagBritish Virgin Islands195$0$1.75 Bn$43,79339,936
Cayman Islands FlagCayman Islands196$0$7.24 Bn$93,80377,196
Cook Islands FlagCook Islands197$0$366.21 Mn$28,55212,826
Cuba FlagCuba198$0$192.69 Bn$17,69010,892,659
Eritrea FlagEritrea199$0$2.28 Bn$6183,682,669
French Polynesia FlagFrench Polynesia200$0$6.14 Bn$21,681283,076
Palestine FlagPalestine201$0$18.64 Bn$3,2735,692,790
Greenland FlagGreenland202$0$3.33 Bn$59,79955,629
North Korea FlagNorth Korea203$0$16.45 Bn$61826,633,691
Monaco FlagMonaco204$0$10.00 Bn$262,65938,087
Montserrat FlagMontserrat205$0$76.36 Mn$17,6434,328
Curacao FlagCuracao206$0$3.28 Bn$17,695185,440
Sint Maarten FlagSint Maarten207$0$1.56 Bn$35,11344,447
New Caledonia FlagNew Caledonia208$0$9.77 Bn$32,794297,892
Anguilla FlagAnguilla209$0$429.45 Mn$28,98414,817
Syria FlagSyria210$0$26.19 Bn$98926,472,497
Turks and Caicos Islands FlagTurks and Caicos Islands211$0$1.65 Bn$34,99047,148

The Largest Economies in the World

The three largest economies in the world as measured by nominal GDP are the United States, China, and Japan. Economic growth and prosperity are impacted by a wide array of factors, namely investment in workforce education, production output (as determined by investment in physical capital), natural resources, and entrepreneurship. The economies of the U.S., China, and Japan all have a unique combination of these factors that have led to economic growth over time, as outlined below.


United States Flag1. United States

Nominal GDP
$30.86 Tn
Per Capita GDP
$88,418.80
Natural Resources
Arable Land, Bauxite, Coal, Copper, Gold, Iron, Lead, Mercury, Molybdenum, Natural Gas, Nickel, Petroleum, Phosphates, Potash, Rare Earth Elements, Silver, Timber, Tungsten, Uranium, Zinc,

The United States has been the world’s largest economy since 1871. The nominal GDP for the United States is $21.44 trillion. The U.S. GDP (PPP) is also $21.44 trillion. Additionally, the United States is ranked second in the world for the approximate value of natural resources. In 2016, the U.S. had an estimated natural resource value of $45 trillion.

Several factors contribute to the U.S.’s powerful economy. The U.S. is known globally for cultivating a society that supports and encourages entrepreneurship, which encourages innovation and, in turn, leads to economic growth. The growing population in the U.S. has helped diversify the workforce. The U.S. is also one of the leading manufacturing industries in the world, coming only second to China. The U.S. dollar is also the most widely used currency for global transactions.

China Flag2. China

Nominal GDP
$19.63 Tn
Per Capita GDP
$13,890.58
Natural Resources
Aluminum, Antimony, Arable Land, Arsenic, Bismuth, Cadmium, Cobalt, Coal, Ferrosilicon, Gallium, Germanium, Hafnium, Hydropower Potential (World's Largest), Indium, Iron Ore, Lead, Lithium, Magnesium, Magnetite, Manganese, Mercury, Molybdenum, Natural Gas, Petroleum, Rare Earth Elements, Selenium, Strontium, Tantalum, Tellurium, Tin, Titanium, Tungsten, Uranium, Vanadium, Zinc

As the second-largest economy in the world, China has seen an average growth rate of 9.52% between 1989 and 2019. China is the second-largest economy considering nominal GDP, at $14.14 trillion, and the largest using GDP (PPP), which is $27.31 trillion. China has approximately $23 trillion in natural resources, 90% of which are rare earth metals and coal.

China’s economic reform program of 1978 was a large success and resulted in the rise in average economic growth from 6% to over 9%. The reform program emphasized the creation of private and rural businesses, easing the state regulations on prices, and investment in workforce education and industrial output. Another driving force behind the growth of China’s economy is worker efficiency.

Germany Flag3. Germany

Nominal GDP
$5.12 Tn
Per Capita GDP
$61,158.94
Natural Resources
Arable land, Coal, Construction materials, Copper, Iron ore, Lignite, Natural gas, Nickel, Potash, Salt, Timber, Uranium

The German economy is the third-largest in the world with a GDP of $4.59 trillion. Germany has a GDP (PPP) of $4.44 trillion and a per capita GDP of $46,560, the 18th–highest in the world. Germany’s highly developed social market economy is Europe’s largest and strongest economy and has one of the most skilled workforces. According to the International Monetary Fund, Germany accounted for 28% of the euro area economy.

Germany’s major industries are car manufacture, machinery, household equipment, and chemicals. Because of its dependency on capital good exports, the economy had a significant setback post-2008 financial crisis. The German economy is currently in the middle of its fourth industrial revolution due to the Internet and the digital age. Industry 4.0 is the term used for this transformation, which embraces solutions, processes, and technologies and describes the use of IT and a high degree of system networking in factories.

Japan Flag4. Japan

Nominal GDP
$4.45 Tn
Per Capita GDP
$36,373.25
Natural Resources
Fish, Negligible mineral resources, Virtually no natural energy resources, almost totally dependent on imported sources of energy

Japan has the fourth-largest economy in the world with a GDP of $4.11 trillion. Japan’s GDP (PPP) is $5.75 trillion. Japan’s economy is market-driven so businesses, production, and prices shift according to consumer demand, not governmental action. While the 2008 financial crisis took a hit on the Japanese economy and has stunted its growth since then, it is expected that the 2020 Olympics will give it a boost.

The Japanese economy’s strength comes from its electronic goods industry, which is the largest in the world, and its automobile industry, which is the third-largest in the world. Going forward, the Japanese economy faces some large challenges such as a declining population and an ever-increasing debt that, as of 2017, is 236% of its GDP.

United Kingdom Flag5. United Kingdom

Nominal GDP
$4.01 Tn
Per Capita GDP
$57,373.61
Natural Resources
Arable Land, Chalk, Clay, Coal, Gold, Gypsum, Iron Ore, Lead, Limestone, Natural Gas, Petroleum, Potash, Salt, Silica Sand, Slate, Tin, Zinc

The United Kingdom, which has a $2.83 trillion GDP, is the sixth-largest economy in the world. In terms of GDP purchasing power parity, the UK is in the ninth spot with a GDP (PPP) of The UK is ranked 23rd for GDP per capita which is $42,558. The UK is expected to fall to the seventh-largest economy by 2023 with a GDP of $3.27 trillion. In 2016, the UK was the tenth-largest exporter of goods in the world, exporting goods to 160 countries worldwide. In the 18th century, the United Kingdom was the first country to industrialize.

The service sector dominates the UK economy, contributing about 80% of GDP, particularly the financial services industry. London is the second-largest financial center in the world. Manufacturing and agriculture are the second- and third-largest sectors in the United Kingdom. Britain’s aerospace industry is the second-largest in the world and its pharmaceutical industry is the tenth-largest.

India Flag6. India

Nominal GDP
$3.91 Tn
Per Capita GDP
$2,647.23
Natural Resources
Antimony, Arable land, Bauxite, Chromite, Coal (fourth-largest reserves in the world), Diamonds, Iron ore, Lead, Limestone, Manganese, Mica, Natural gas, Petroleum, Rare earth elements, Titanium ore

India’s economy is the fifth-largest in the world with a GDP of $3.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). India’s real GDP growth, however, is expected to weaken for the third straight year from 7.5% to 5%.

India is developing into an open-market economy from its previous autarkic policies. India’s economic liberalization began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatization of state-owned enterprises. These measures have helped India accelerate economic growth. India’s service sector is the fast-growing sector in the world accounting for 60% of the economy and 28% of employment. Manufacturing and agriculture are two other significant sectors of the economy.

France Flag7. France

Nominal GDP
$3.38 Tn
Per Capita GDP
$50,678.31
Natural Resources
Arable land, Bauxite, Coal, Feldspar, Fish, Fluorspar, Gypsum, Iron ore, Potash, Timber, Uranium, Zinc, Antimony, Arsenic,

France is the third-largest economy in Europe (behind Germany and the UK) and the seventh-largest economy in the world. France has a nominal GDP of $2.71 trillion. France’s GDP per capita is $42,877.56, the 19th highest in the world, and GDP (PPP) is $2.96 trillion. According to World Bank, France has unfortunately experienced high unemployment rates in recent years: a 10% unemployment rate was recorded for 2014, 2015, and 2016 and it declined to 9.681% in 2017.

France’s economy is a diversified free-market-oriented economy. The chemical industry is a key sector for France, as well as agriculture and tourism. France accounts for about one-third of all agricultural land in the European Union and is the sixth-largest agricultural producer and the second-largest agricultural exporter in the world, behind the United States. France is the most visited destination in the world. Additionally, France ranks 5th in the Fortune Global 500 behind the United States, China, Japan, and Germany with 28 of the 500 biggest companies.

Russia Flag8. Russia

Nominal GDP
$2.57 Tn
Per Capita GDP
$17,938.73
Natural Resources
Bauxite, Coal, Natural gas, Oil, Rare earth elements, Timber

Italy Flag9. Italy

Nominal GDP
$2.55 Tn
Per Capita GDP
$43,276.38
Natural Resources
Antimony, Arable land, Asbestos, Barite, Coal, Feldspar, Fluorspar, Marble, Mercury, Natural gas and crude oil reserves, Potash, Pumice, Pyrite (sulfur), Zinc

With a nominal GDP of $1.99 trillion, Italy is the eighth-largest economy in the world. In terms of GDP (PPP) Italy’s economy is worth $2.40 trillion and its per capita GDP is $34,260.34. Italy’s economy is expected to expand to $2.26 trillion by 2023. Unfortunately, Italy is experiencing a relatively high unemployment rate of 9.7% and a debt at 132% of GDP.

Fortunately, Italy’s exports are helping to recover the economy. Italy is the eighth-largest exporter in the world, conducting 59% of its trade with other European Union countries. Before World War II, Italy was primarily an agricultural economy and has now transformed into one of the world’s most advanced nations. Italy is the second-largest exporter in the European Union, behind Germany, and has a significant trade surplus from exporting machinery, vehicles, food, clothing, luxury goods, and more.

Canada Flag10. Canada

Nominal GDP
$2.32 Tn
Per Capita GDP
$57,358.84
Natural Resources
Bauxite, Coal, Copper, Diamonds, Fish, Gold, Hydropower, Iron Ore, Lead, Molybdenum, Natural Gas, Nickel, Petroleum, Potash, Rare Earth Elements, Silver, Timber, Uranium, Wildlife, Zinc

Canada has the tenth-largest economy in the world with a nominal GDP of $1.73 trillion. Canada’s per capita GDP of $46,260.71 is ranked 20th globally while its GDP (PPP) of $1.84 trillion is ranked 17th globally. Canada’s GDP is expected to rise to $2.13 trillion by 2023.

Canada has the fourth-highest estimated value of natural resources of $33.2 trillion. Canada is considered an energy superpower due to its abundant natural resources such as petroleum and natural gas. According to the World BankCorruption Perceptions Index, Canada is one of the least corrupt countries in the world and one of the world’s top ten trading countries. Canada ranks above the United States on the Index of Economic Freedom and experiences a relatively low level of income disparity.

Countries by GDP

European Countries GDP

Country
Rank
GDP (IMF '25)
GDP (UN '23)
GDP Per Capita
Population
Germany FlagGermany1$5.12 Tn$4.53 Tn$61,15983,644,258
United Kingdom FlagUnited Kingdom2$4.01 Tn$3.42 Tn$57,37469,931,528
France FlagFrance3$3.38 Tn$3.06 Tn$50,67866,746,401
Russia FlagRussia4$2.57 Tn$2.07 Tn$17,939143,394,458
Italy FlagItaly5$2.55 Tn$2.32 Tn$43,27658,926,166
Spain FlagSpain6$1.91 Tn$1.62 Tn$39,88747,850,793
Netherlands FlagNetherlands7$1.32 Tn$1.14 Tn$71,65718,448,775
Switzerland FlagSwitzerland8$1.06 Tn$894.42 Bn$117,7539,007,798
Poland FlagPoland9$1.04 Tn$812.45 Bn$27,49637,843,188
Belgium FlagBelgium10$725.06 Bn$644.66 Bn$61,57811,774,642
Ireland FlagIreland11$680.36 Bn$551.39 Bn$127,0055,356,950
Sweden FlagSweden12$676.54 Bn$578.99 Bn$63,22210,701,047
Austria FlagAustria13$580.10 Bn$516.67 Bn$63,6979,107,266
Norway FlagNorway14$530.15 Bn$482.95 Bn$93,7825,652,989
Denmark FlagDenmark15$470.95 Bn$404.65 Bn$78,1856,023,520
Romania FlagRomania16$429.29 Bn$350.78 Bn$22,83418,800,605
Czechia FlagCzechia17$391.79 Bn$343.21 Bn$37,21510,527,781
Portugal FlagPortugal18$346.43 Bn$292.32 Bn$33,32510,395,362
Finland FlagFinland19$318.23 Bn$295.05 Bn$56,6075,621,739
Greece FlagGreece20$280.48 Bn$243.50 Bn$28,3399,897,115
Hungary FlagHungary21$247.13 Bn$214.02 Bn$25,7809,585,818
Ukraine FlagUkraine22$214.23 Bn$181.22 Bn$5,41939,535,849
Slovakia FlagSlovakia23$154.44 Bn$133.90 Bn$28,3315,451,342
Bulgaria FlagBulgaria24$131.02 Bn$102.20 Bn$19,6516,667,659
Croatia FlagCroatia25$105.01 Bn$84.40 Bn$27,4723,822,345
Luxembourg FlagLuxembourg26$101.10 Bn$88.79 Bn$147,066687,448
Serbia FlagSerbia27$99.95 Bn$81.34 Bn$15,0496,641,964
Belarus FlagBelarus28$96.05 Bn$72.48 Bn$10,7478,937,018
Lithuania FlagLithuania29$95.15 Bn$79.79 Bn$34,0142,797,338
Slovenia FlagSlovenia30$80.38 Bn$69.15 Bn$38,0112,114,573
Latvia FlagLatvia31$48.59 Bn$42.78 Bn$26,4671,835,935
Estonia FlagEstonia32$47.29 Bn$41.29 Bn$35,5291,331,062
Cyprus FlagCyprus33$41.20 Bn$35.08 Bn$29,8061,382,334
Iceland FlagIceland34$38.47 Bn$31.71 Bn$95,621402,329
Bosnia and Herzegovina FlagBosnia and Herzegovina35$33.59 Bn$28.73 Bn$10,7863,114,242
Albania FlagAlbania36$30.11 Bn$23.49 Bn$10,9442,751,025
Malta FlagMalta37$27.85 Bn$22.62 Bn$50,735549,011
Moldova FlagMoldova38$20.34 Bn$16.71 Bn$6,8692,961,253
North Macedonia FlagNorth Macedonia39$19.14 Bn$15.86 Bn$10,6101,804,063
Montenegro FlagMontenegro40$9.23 Bn$7.64 Bn$14,736626,233
Liechtenstein FlagLiechtenstein41$9.03 Bn$8.24 Bn$223,79140,368
Andorra FlagAndorra42$4.49 Bn$3.79 Bn$53,62283,753
San Marino FlagSan Marino43$2.25 Bn$2.03 Bn$67,04433,605
Monaco FlagMonaco44$0$10.00 Bn$262,65938,087