Total GDP: $109.02 Tn

Total GDP: $109.02 Tn

United States

China

Germany

Japan

India

United Kingdom

France

Brazil

Italy

Canada

Rest

211 countries

Country
Rank
GDP (IMF '24)
GDP (UN '22)
GDP Per Capita
Population
United States FlagUnited States1$28.78 Tn$25.74 Tn$82,877347,276,000
China FlagChina2$18.53 Tn$17.96 Tn$13,0871,416,100,000
Germany FlagGermany3$4.59 Tn$4.08 Tn$54,60784,075,100
Japan FlagJapan4$4.11 Tn$4.23 Tn$33,390123,103,000
India FlagIndia5$3.94 Tn$3.47 Tn$2,6891,463,870,000
United Kingdom FlagUnited Kingdom6$3.50 Tn$3.09 Tn$50,25469,551,300
France FlagFrance7$3.13 Tn$2.78 Tn$46,96166,650,800
Brazil FlagBrazil8$2.33 Tn$1.92 Tn$10,955212,812,000
Italy FlagItaly9$2.33 Tn$2.05 Tn$39,36159,146,300
Canada FlagCanada10$2.24 Tn$2.14 Tn$55,87840,126,700
Russia FlagRussia11$2.06 Tn$2.24 Tn$14,284143,997,000
Mexico FlagMexico12$2.02 Tn$1.46 Tn$15,287131,947,000
Australia FlagAustralia13$1.79 Tn$1.78 Tn$66,37326,974,000
South Korea FlagSouth Korea14$1.76 Tn$1.67 Tn$34,08351,667,000
Spain FlagSpain15$1.65 Tn$1.42 Tn$34,39447,890,000
Indonesia FlagIndonesia16$1.48 Tn$1.32 Tn$5,165285,721,000
Netherlands FlagNetherlands17$1.14 Tn$1.01 Tn$62,27318,346,800
Turkey FlagTurkey18$1.11 Tn$907.12 Bn$12,69987,685,400
Saudi Arabia FlagSaudi Arabia19$1.11 Tn$1.11 Tn$31,99734,566,300
Switzerland FlagSwitzerland20$938.46 Bn$818.43 Bn$104,6528,967,410
Poland FlagPoland21$844.62 Bn$688.13 Bn$22,14538,140,900
Taiwan FlagTaiwan22$802.96 Bn$0$34,74123,112,800
Belgium FlagBelgium23$655.19 Bn$582.64 Bn$55,72011,758,600
Sweden FlagSweden24$623.05 Bn$591.19 Bn$58,46610,656,600
Argentina FlagArgentina25$604.26 Bn$631.13 Bn$13,17945,851,400
Ireland FlagIreland26$564.02 Bn$532.42 Bn$106,2585,308,040
Thailand FlagThailand27$548.89 Bn$495.34 Bn$7,66471,619,900
Austria FlagAustria28$540.89 Bn$470.30 Bn$59,3509,113,570
Israel FlagIsrael29$530.66 Bn$525.00 Bn$55,7599,517,180
United Arab Emirates FlagUnited Arab Emirates30$527.80 Bn$507.06 Bn$46,51811,346,000
Norway FlagNorway31$526.95 Bn$579.42 Bn$93,7125,623,070
Singapore FlagSingapore32$525.23 Bn$466.79 Bn$89,4655,870,750
Philippines FlagPhilippines33$471.52 Bn$404.28 Bn$4,037116,787,000
Vietnam FlagVietnam34$465.81 Bn$408.80 Bn$4,585101,599,000
Iran FlagIran35$464.18 Bn$398.05 Bn$5,02392,417,700
Bangladesh FlagBangladesh36$455.16 Bn$432.68 Bn$2,591175,687,000
Malaysia FlagMalaysia37$445.52 Bn$406.31 Bn$12,38335,977,800
Denmark FlagDenmark38$409.99 Bn$400.17 Bn$68,3036,002,510
Hong Kong FlagHong Kong39$406.77 Bn$359.84 Bn$54,9997,396,080
Colombia FlagColombia40$386.08 Bn$343.94 Bn$7,22653,425,600
South Africa FlagSouth Africa41$373.23 Bn$405.27 Bn$5,76464,747,300
Romania FlagRomania42$369.97 Bn$300.69 Bn$19,56618,908,600
Egypt FlagEgypt43$347.59 Bn$409.31 Bn$2,937118,366,000
Chile FlagChile44$333.76 Bn$300.69 Bn$16,80619,859,900
Czech Republic FlagCzech Republic45$325.88 Bn$290.53 Bn$30,71710,609,200
Finland FlagFinland46$308.06 Bn$282.51 Bn$54,7825,623,330
Portugal FlagPortugal47$298.95 Bn$254.85 Bn$28,71310,411,800
Kazakhstan FlagKazakhstan48$296.74 Bn$225.50 Bn$14,23620,843,800
Peru FlagPeru49$282.46 Bn$242.63 Bn$8,16934,576,700
Algeria FlagAlgeria50$266.78 Bn$191.91 Bn$5,62447,435,300
Iraq FlagIraq51$265.89 Bn$264.18 Bn$5,65547,020,800
New Zealand FlagNew Zealand52$257.63 Bn$245.84 Bn$49,0545,251,900
Nigeria FlagNigeria53$252.74 Bn$475.06 Bn$1,064237,528,000
Greece FlagGreece54$250.28 Bn$217.29 Bn$25,1829,938,840
Qatar FlagQatar55$244.69 Bn$237.10 Bn$78,5283,115,890
Hungary FlagHungary56$223.41 Bn$177.34 Bn$23,1949,632,290
Ethiopia FlagEthiopia57$205.13 Bn$118.97 Bn$1,514135,472,000
Ukraine FlagUkraine58$188.94 Bn$160.50 Bn$4,84738,980,400
Kuwait FlagKuwait59$160.40 Bn$175.36 Bn$31,9135,026,080
Morocco FlagMorocco60$152.38 Bn$130.91 Bn$3,96538,430,800
Slovakia FlagSlovakia61$140.81 Bn$115.31 Bn$25,7195,474,880
Dominican Republic FlagDominican Republic62$127.36 Bn$113.54 Bn$11,05511,520,500
Ecuador FlagEcuador63$121.59 Bn$115.05 Bn$6,64818,289,900
Puerto Rico FlagPuerto Rico64$117.76 Bn$113.44 Bn$36,4003,235,290
Guatemala FlagGuatemala65$110.03 Bn$95.00 Bn$5,88818,687,900
Oman FlagOman66$108.93 Bn$114.67 Bn$19,8245,494,690
Bulgaria FlagBulgaria67$107.93 Bn$90.21 Bn$16,0746,714,560
Kenya FlagKenya68$104.00 Bn$113.42 Bn$1,80857,532,500
Venezuela FlagVenezuela69$102.33 Bn$129.31 Bn$3,58828,516,900
Uzbekistan FlagUzbekistan70$97.96 Bn$80.39 Bn$2,64437,053,400
Costa Rica FlagCosta Rica71$96.06 Bn$68.38 Bn$18,6415,152,950
Angola FlagAngola72$92.12 Bn$113.31 Bn$2,36039,040,000
Luxembourg FlagLuxembourg73$88.56 Bn$81.53 Bn$130,143680,453
Croatia FlagCroatia74$88.08 Bn$71.55 Bn$22,8883,848,160
Panama FlagPanama75$87.35 Bn$76.52 Bn$19,1084,571,190
Ivory Coast FlagIvory Coast76$86.91 Bn$70.02 Bn$2,65732,711,500
Uruguay FlagUruguay77$82.61 Bn$71.17 Bn$24,4053,384,690
Turkmenistan FlagTurkmenistan78$81.90 Bn$67.01 Bn$10,7497,618,850
Serbia FlagSerbia79$81.87 Bn$63.56 Bn$12,2406,689,040
Lithuania FlagLithuania80$81.17 Bn$70.88 Bn$28,6812,830,140
Tanzania FlagTanzania81$79.61 Bn$0$1,12870,545,900
Azerbaijan FlagAzerbaijan82$78.75 Bn$78.72 Bn$7,57410,397,700
Ghana FlagGhana83$75.24 Bn$73.77 Bn$2,14635,064,300
DR Congo FlagDR Congo84$73.76 Bn$62.55 Bn$654112,832,000
Slovenia FlagSlovenia85$72.10 Bn$59.98 Bn$34,0572,117,070
Belarus FlagBelarus86$69.05 Bn$72.87 Bn$7,6748,997,600
Myanmar FlagMyanmar87$68.01 Bn$65.21 Bn$1,24054,850,600
Uganda FlagUganda88$56.31 Bn$48.24 Bn$1,09651,384,900
Tunisia FlagTunisia89$54.71 Bn$46.18 Bn$4,43012,348,600
Macau FlagMacau90$54.68 Bn$24.04 Bn$75,729722,007
Jordan FlagJordan91$53.57 Bn$47.45 Bn$4,65011,520,700
Cameroon FlagCameroon92$53.20 Bn$44.34 Bn$1,78129,879,300
Bolivia FlagBolivia93$49.33 Bn$44.01 Bn$3,92112,581,800
Libya FlagLibya94$48.22 Bn$40.54 Bn$6,4657,458,560
Bahrain FlagBahrain95$46.79 Bn$44.38 Bn$28,4731,643,330
Paraguay FlagParaguay96$45.82 Bn$41.72 Bn$6,5337,013,080
Latvia FlagLatvia97$45.47 Bn$40.88 Bn$24,5291,853,560
Cambodia FlagCambodia98$45.15 Bn$29.50 Bn$2,53017,848,000
Nepal FlagNepal99$44.18 Bn$39.41 Bn$1,49229,618,100
Estonia FlagEstonia100$43.49 Bn$38.05 Bn$32,3501,344,230
Honduras FlagHonduras101$37.35 Bn$31.72 Bn$3,39411,005,800
Senegal FlagSenegal102$35.45 Bn$27.78 Bn$1,87218,932,000
El Salvador FlagEl Salvador103$35.33 Bn$32.49 Bn$5,5516,365,500
Zimbabwe FlagZimbabwe104$34.41 Bn$26.42 Bn$2,03016,950,800
Cyprus FlagCyprus105$34.22 Bn$29.21 Bn$24,9651,370,750
Iceland FlagIceland106$33.34 Bn$28.06 Bn$83,708398,266
Georgia FlagGeorgia107$32.87 Bn$24.61 Bn$8,6343,806,670
Papua New Guinea FlagPapua New Guinea108$31.72 Bn$31.61 Bn$2,94710,762,800
Zambia FlagZambia109$29.87 Bn$29.14 Bn$1,36321,913,900
Bosnia and Herzegovina FlagBosnia and Herzegovina110$29.08 Bn$24.47 Bn$9,2603,140,100
Trinidad and Tobago FlagTrinidad and Tobago111$28.36 Bn$30.05 Bn$18,7701,511,160
Sudan FlagSudan112$26.86 Bn$36.73 Bn$52051,662,100
Guinea FlagGuinea113$25.45 Bn$20.85 Bn$1,68515,099,700
Albania FlagAlbania114$25.43 Bn$18.92 Bn$9,1762,771,510
Armenia FlagArmenia115$25.41 Bn$19.51 Bn$8,6062,952,360
Haiti FlagHaiti116$24.05 Bn$18.75 Bn$2,02011,906,100
Mozambique FlagMozambique117$22.98 Bn$18.41 Bn$64535,631,700
Malta FlagMalta118$22.74 Bn$18.10 Bn$41,688545,405
Mongolia FlagMongolia119$21.94 Bn$17.15 Bn$6,2393,517,100
Burkina Faso FlagBurkina Faso120$21.90 Bn$19.18 Bn$91024,074,600
Mali FlagMali121$21.66 Bn$18.83 Bn$86025,198,800
Botswana FlagBotswana122$21.42 Bn$20.35 Bn$8,3592,562,120
Benin FlagBenin123$21.37 Bn$17.40 Bn$1,44314,814,500
Guyana FlagGuyana124$21.18 Bn$14.72 Bn$25,333835,986
Gabon FlagGabon125$21.01 Bn$20.13 Bn$8,1032,593,130
Jamaica FlagJamaica126$20.10 Bn$17.10 Bn$7,0842,837,080
Nicaragua FlagNicaragua127$18.83 Bn$15.67 Bn$2,6877,007,500
Niger FlagNiger128$18.82 Bn$15.41 Bn$67427,917,800
Chad FlagChad129$18.70 Bn$16.80 Bn$89021,003,700
Moldova FlagMoldova130$18.36 Bn$14.51 Bn$6,1272,996,110
Yemen FlagYemen131$16.94 Bn$11.01 Bn$40641,773,900
Madagascar FlagMadagascar132$16.46 Bn$14.96 Bn$50332,740,700
Mauritius FlagMauritius133$16.36 Bn$12.90 Bn$12,8991,268,280
North Macedonia FlagNorth Macedonia134$15.87 Bn$13.71 Bn$8,7511,813,790
Brunei FlagBrunei135$15.51 Bn$16.68 Bn$33,260466,330
Republic of the Congo FlagRepublic of the Congo136$15.50 Bn$15.34 Bn$2,3906,484,440
Laos FlagLaos137$15.19 Bn$15.36 Bn$1,9297,873,050
Bahamas FlagBahamas138$14.39 Bn$12.90 Bn$35,704403,033
Rwanda FlagRwanda139$13.70 Bn$13.31 Bn$94014,569,300
Kyrgyzstan FlagKyrgyzstan140$13.60 Bn$10.93 Bn$1,8647,295,030
Tajikistan FlagTajikistan141$12.95 Bn$10.49 Bn$1,20110,786,700
Somalia FlagSomalia142$12.80 Bn$10.42 Bn$65119,654,700
Namibia FlagNamibia143$12.77 Bn$12.61 Bn$4,1273,092,820
Malawi FlagMalawi144$11.24 Bn$12.56 Bn$50622,216,100
Equatorial Guinea FlagEquatorial Guinea145$10.71 Bn$11.77 Bn$5,5241,938,430
Mauritania FlagMauritania146$10.63 Bn$11.00 Bn$2,0005,315,060
Togo FlagTogo147$9.83 Bn$8.09 Bn$1,0119,721,610
Montenegro FlagMontenegro148$8.01 Bn$6.23 Bn$12,661632,729
Maldives FlagMaldives149$7.20 Bn$6.17 Bn$13,591529,676
Barbados FlagBarbados150$6.86 Bn$5.70 Bn$24,283282,623
South Sudan FlagSouth Sudan151$6.52 Bn$4.62 Bn$53512,188,800
Fiji FlagFiji152$5.80 Bn$4.98 Bn$6,217933,154
Eswatini FlagEswatini153$5.08 Bn$4.33 Bn$4,0481,256,170
Liberia FlagLiberia154$4.75 Bn$3.27 Bn$8295,731,210
Sierra Leone FlagSierra Leone155$4.56 Bn$3.48 Bn$5178,819,790
Djibouti FlagDjibouti156$4.36 Bn$4.00 Bn$3,6861,184,080
Suriname FlagSuriname157$4.34 Bn$3.62 Bn$6,778639,850
Aruba FlagAruba158$4.07 Bn$3.54 Bn$37,625108,147
Andorra FlagAndorra159$3.90 Bn$3.38 Bn$47,00682,904
Belize FlagBelize160$3.30 Bn$2.83 Bn$7,793422,924
Bhutan FlagBhutan161$3.11 Bn$2.90 Bn$3,904796,682
Burundi FlagBurundi162$3.08 Bn$4.03 Bn$21414,390,000
Central African Republic FlagCentral African Republic163$2.81 Bn$2.40 Bn$5105,513,280
Cape Verde FlagCape Verde164$2.72 Bn$2.31 Bn$5,154527,326
Gambia FlagGambia165$2.69 Bn$2.23 Bn$9552,822,090
Saint Lucia FlagSaint Lucia166$2.58 Bn$2.17 Bn$14,333180,149
Lesotho FlagLesotho167$2.40 Bn$2.29 Bn$1,0132,363,320
Seychelles FlagSeychelles168$2.20 Bn$1.99 Bn$16,591132,779
Guinea-Bissau FlagGuinea-Bissau169$2.15 Bn$1.57 Bn$9562,249,520
Antigua and Barbuda FlagAntigua and Barbuda170$2.13 Bn$1.77 Bn$22,57794,209
San Marino FlagSan Marino171$2.03 Bn$1.78 Bn$60,58633,572
Timor-Leste FlagTimor-Leste172$1.99 Bn$3.20 Bn$1,4041,418,520
Solomon Islands FlagSolomon Islands173$1.71 Bn$1.60 Bn$2,035838,645
Comoros FlagComoros174$1.42 Bn$1.25 Bn$1,611882,847
Grenada FlagGrenada175$1.41 Bn$1.19 Bn$11,986117,303
Vanuatu FlagVanuatu176$1.29 Bn$985.25 Mn$3,846335,169
Saint Kitts and Nevis FlagSaint Kitts and Nevis177$1.13 Bn$979.22 Mn$24,16846,922
Saint Vincent and the Grenadines FlagSaint Vincent and the Grenadines178$1.13 Bn$946.70 Mn$11,28999,924
Samoa FlagSamoa179$1.02 Bn$857.26 Mn$4,669219,306
Sao Tome and Principe FlagSao Tome and Principe180$751.00 Mn$546.76 Mn$3,126240,254
Dominica FlagDominica181$708.00 Mn$612.05 Mn$10,74865,871
Tonga FlagTonga182$581.00 Mn$488.41 Mn$5,600103,742
Micronesia FlagMicronesia183$484.00 Mn$427.09 Mn$4,257113,683
Kiribati FlagKiribati184$311.00 Mn$223.67 Mn$2,279136,488
Palau FlagPalau185$308.00 Mn$225.66 Mn$17,43817,663
Marshall Islands FlagMarshall Islands186$305.00 Mn$279.67 Mn$8,40636,282
Nauru FlagNauru187$161.00 Mn$147.95 Mn$13,38912,025
Tuvalu FlagTuvalu188$66.00 Mn$59.04 Mn$6,9539,492
Afghanistan FlagAfghanistan189$0$14.18 Bn$32343,844,100
Bermuda FlagBermuda190$0$7.55 Bn$116,89364,555
British Virgin Islands FlagBritish Virgin Islands191$0$1.47 Bn$37,02939,732
Cayman Islands FlagCayman Islands192$0$6.28 Bn$82,81675,844
Sri Lanka FlagSri Lanka193$0$76.19 Bn$3,28023,229,500
Cook Islands FlagCook Islands194$0$289.75 Mn$21,84613,263
Cuba FlagCuba195$0$147.19 Bn$13,45810,937,200
Eritrea FlagEritrea196$0$2.38 Bn$6613,607,000
French Polynesia FlagFrench Polynesia197$0$5.81 Bn$20,585282,465
Palestine FlagPalestine198$0$19.11 Bn$3,4195,589,620
Greenland FlagGreenland199$0$2.93 Bn$52,49155,745
North Korea FlagNorth Korea200$0$15.18 Bn$57126,571,000
Lebanon FlagLebanon201$0$39.30 Bn$6,7195,849,420
Liechtenstein FlagLiechtenstein202$0$7.76 Bn$193,33040,128
Monaco FlagMonaco203$0$8.77 Bn$228,79138,341
Montserrat FlagMontserrat204$0$72.26 Mn$16,5784,359
Curacao FlagCuracao205$0$3.08 Bn$16,579185,487
Sint Maarten FlagSint Maarten206$0$1.57 Bn$35,81243,923
New Caledonia FlagNew Caledonia207$0$9.62 Bn$32,585295,333
Pakistan FlagPakistan208$0$326.80 Bn$1,280255,220,000
Anguilla FlagAnguilla209$0$452.90 Mn$30,75114,728
Syria FlagSyria210$0$18.60 Bn$72625,620,400
Turks and Caicos Islands FlagTurks and Caicos Islands211$0$1.14 Bn$24,30546,855

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 Flag 1. United States

Nominal GDP
$28.78 Tn
Per Capita GDP
$82,876.73
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 Flag 2. China

Nominal GDP
$18.53 Tn
Per Capita GDP
$13,087.07
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 Flag 3. Germany

Nominal GDP
$4.59 Tn
Per Capita GDP
$54,607.13
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 Flag 4. Japan

Nominal GDP
$4.11 Tn
Per Capita GDP
$33,390.33
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.

India Flag 5. India

Nominal GDP
$3.94 Tn
Per Capita GDP
$2,689.45
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.

United Kingdom Flag 6. United Kingdom

Nominal GDP
$3.50 Tn
Per Capita GDP
$50,254.42
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.

France Flag 7. France

Nominal GDP
$3.13 Tn
Per Capita GDP
$46,961.33
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.

Brazil Flag 8. Brazil

Nominal GDP
$2.33 Tn
Per Capita GDP
$10,955.16
Natural Resources
Alumina, Bauxite, Beryllium, Gold, Hydropower, Iron Ore, Manganese, Nickel, Niobium, Petroleum, Phosphates, Platinum, Rare Earth Elements, Tantalum, Timber, Tin, Uranium

Brazil has the ninth-largest economy in the world and the largest in Latin America with a nominal GDP of $1.85 trillion. Brazil is also the largest and most populous nation in Latin America. Brazil has the world’s 73rd highest per capita GDP of $8,967 and a GDP (PPP) of $2.40 trillion. The country has an estimated $21.8 trillion in natural resources, which includes vast amounts of timber, uranium, gold, and iron.

Brazil is a developing free-market economy. From 2000 to 2012, Brazil was one of the fastest-growing major economies in the world. Brazil, however, has one of the most unequal economies in the world. In 2017, the economic crisis, corruption, and lack of public policies increased the poverty rate and many became homeless. Six billionaires alone in Brazil are richer than more than 100 million of the poorest Brazilians.

Italy Flag 9. Italy

Nominal GDP
$2.33 Tn
Per Capita GDP
$39,360.53
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 Flag 10. Canada

Nominal GDP
$2.24 Tn
Per Capita GDP
$55,877.51
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

Germany (17.3%)

United Kingdom (13.2%)

France (11.8%)

Italy (8.8%)

Russia (7.8%)

Spain (6.2%)

Netherlands (4.3%)

Switzerland (3.5%)

Poland (3.2%)

Belgium (2.5%)

Rest (21.3%)

44 countries

Country
Rank
GDP (IMF '24)
GDP (UN '22)
GDP Per Capita
Population
Germany FlagGermany1$4.59 Tn$4.08 Tn$54,60784,075,100
United Kingdom FlagUnited Kingdom2$3.50 Tn$3.09 Tn$50,25469,551,300
France FlagFrance3$3.13 Tn$2.78 Tn$46,96166,650,800
Italy FlagItaly4$2.33 Tn$2.05 Tn$39,36159,146,300
Russia FlagRussia5$2.06 Tn$2.24 Tn$14,284143,997,000
Spain FlagSpain6$1.65 Tn$1.42 Tn$34,39447,890,000
Netherlands FlagNetherlands7$1.14 Tn$1.01 Tn$62,27318,346,800
Switzerland FlagSwitzerland8$938.46 Bn$818.43 Bn$104,6528,967,410
Poland FlagPoland9$844.62 Bn$688.13 Bn$22,14538,140,900
Belgium FlagBelgium10$655.19 Bn$582.64 Bn$55,72011,758,600
Sweden FlagSweden11$623.05 Bn$591.19 Bn$58,46610,656,600
Ireland FlagIreland12$564.02 Bn$532.42 Bn$106,2585,308,040
Austria FlagAustria13$540.89 Bn$470.30 Bn$59,3509,113,570
Norway FlagNorway14$526.95 Bn$579.42 Bn$93,7125,623,070
Denmark FlagDenmark15$409.99 Bn$400.17 Bn$68,3036,002,510
Romania FlagRomania16$369.97 Bn$300.69 Bn$19,56618,908,600
Czech Republic FlagCzech Republic17$325.88 Bn$290.53 Bn$30,71710,609,200
Finland FlagFinland18$308.06 Bn$282.51 Bn$54,7825,623,330
Portugal FlagPortugal19$298.95 Bn$254.85 Bn$28,71310,411,800
Greece FlagGreece20$250.28 Bn$217.29 Bn$25,1829,938,840
Hungary FlagHungary21$223.41 Bn$177.34 Bn$23,1949,632,290
Ukraine FlagUkraine22$188.94 Bn$160.50 Bn$4,84738,980,400
Slovakia FlagSlovakia23$140.81 Bn$115.31 Bn$25,7195,474,880
Bulgaria FlagBulgaria24$107.93 Bn$90.21 Bn$16,0746,714,560
Luxembourg FlagLuxembourg25$88.56 Bn$81.53 Bn$130,143680,453
Croatia FlagCroatia26$88.08 Bn$71.55 Bn$22,8883,848,160
Serbia FlagSerbia27$81.87 Bn$63.56 Bn$12,2406,689,040
Lithuania FlagLithuania28$81.17 Bn$70.88 Bn$28,6812,830,140
Slovenia FlagSlovenia29$72.10 Bn$59.98 Bn$34,0572,117,070
Belarus FlagBelarus30$69.05 Bn$72.87 Bn$7,6748,997,600
Latvia FlagLatvia31$45.47 Bn$40.88 Bn$24,5291,853,560
Estonia FlagEstonia32$43.49 Bn$38.05 Bn$32,3501,344,230
Cyprus FlagCyprus33$34.22 Bn$29.21 Bn$24,9651,370,750
Iceland FlagIceland34$33.34 Bn$28.06 Bn$83,708398,266
Bosnia and Herzegovina FlagBosnia and Herzegovina35$29.08 Bn$24.47 Bn$9,2603,140,100
Albania FlagAlbania36$25.43 Bn$18.92 Bn$9,1762,771,510
Malta FlagMalta37$22.74 Bn$18.10 Bn$41,688545,405
Moldova FlagMoldova38$18.36 Bn$14.51 Bn$6,1272,996,110
North Macedonia FlagNorth Macedonia39$15.87 Bn$13.71 Bn$8,7511,813,790
Montenegro FlagMontenegro40$8.01 Bn$6.23 Bn$12,661632,729
Andorra FlagAndorra41$3.90 Bn$3.38 Bn$47,00682,904
San Marino FlagSan Marino42$2.03 Bn$1.78 Bn$60,58633,572
Liechtenstein FlagLiechtenstein43$0$7.76 Bn$193,33040,128
Monaco FlagMonaco44$0$8.77 Bn$228,79138,341