Introduction
The global economy is a complex and interconnected system, with different countries playing different roles and contributing varying levels of wealth and economic activity. One way to measure a country’s economic strength is by looking at its Gross Domestic Product (GDP), which is the total value of goods and services produced within a country’s borders in a given period.
According to the latest available data from the World Bank, the United States of America is currently the world’s largest economy, with a GDP of over $23 trillion in 2021. The US has a highly diversified economy, with sectors such as finance, healthcare, technology, and manufacturing all contributing significantly to its GDP. The country’s robust infrastructure, favorable business climate, and well-educated workforce have also contributed to its economic success.
China is the second-largest economy in the world, with a GDP of over $17 trillion. The country has experienced rapid economic growth over the past few decades, thanks in part to its large population and abundant natural resources. China is now a major player in global trade and has become a hub for manufacturing and exporting goods to other countries. The country’s economy has also been supported by a massive government investment in infrastructure and technology.
Other countries in the top ten of the largest economies in the world include Japan, Germany, India, the United Kingdom, France, Italy, Canada, and South Korea. These countries have all established themselves as major economic powers, with diverse economies and significant contributions to global trade and commerce. While the rankings of these economies may fluctuate over time, they will continue to play a critical role in shaping the global economy in the years to come.
World’s Largest Economies
# | Country | GDP |
---|---|---|
1 | United States of America | 23.3 trillion |
2 | People's Republic of China | 17.7 trillion |
3 | Japan | 4.9 trillion |
4 | Germany | 4.3 trillion |
5 | India | 3.2 trillion |
6 | United Kingdom | 3.1 trillion |
7 | France | 3 trillion |
8 | Italy | 2.1 trillion |
9 | Canada | 2 trillion |
10 | South Korea | 1.8 trillion |
11 | Russia | 1.8 trillion |
12 | Brazil | 1.6 trillion |
13 | Australia | 1.6 trillion |
14 | Spain | 1.4 trillion |
15 | Mexico | 1.3 trillion |
16 | Indonesia | 1.2 trillion |
17 | Netherlands | 1 trillion |
18 | Saudi Arabia | 834 billion |
19 | Turkey | 819 billion |
20 | Switzerland | 801 billion |
21 | Poland | 679 billion |
22 | Sweden | 636 billion |
23 | Belgium | 594 billion |
24 | Thailand | 506 billion |
25 | Ireland | 504 billion |
26 | Israel | 489 billion |
27 | Argentina | 487 billion |
28 | Norway | 482 billion |
29 | Austria | 480 billion |
30 | Nigeria | 441 billion |
31 | South Africa | 419 billion |
32 | Bangladesh | 416 billion |
33 | United Arab Emirates | 415 billion |
34 | Egypt | 404 billion |
35 | Denmark | 398 billion |
36 | Singapore | 397 billion |
37 | Philippines | 394 billion |
38 | Malaysia | 373 billion |
39 | Hong Kong | 369 billion |
40 | Vietnam | 366 billion |
41 | Iran | 360 billion |
42 | Pakistan | 348 billion |
43 | Chile | 317 billion |
44 | Colombia | 314 billion |
45 | Finland | 297 billion |
46 | Romania | 284 billion |
47 | Czech Republic | 282 billion |
48 | Portugal | 254 billion |
49 | New Zealand | 250 billion |
50 | Peru | 223 billion |
51 | Greece | 215 billion |
52 | Iraq | 208 billion |
53 | Ukraine | 200 billion |
54 | Kazakhstan | 197 billion |
55 | Hungary | 182 billion |
56 | Qatar | 180 billion |
57 | Algeria | 163 billion |
58 | Morocco | 143 billion |
59 | Slovakia | 117 billion |
60 | Ethiopia | 111 billion |
61 | Kenya | 110 billion |
62 | Cuba | 107 billion |
63 | Puerto Rico | 107 billion |
64 | Ecuador | 106 billion |
65 | Kuwait | 106 billion |
66 | Dominican Republic | 94 billion |
67 | Sri Lanka | 89 billion |
68 | Oman | 88 billion |
69 | Guatemala | 86 billion |
70 | Luxembourg | 86 billion |
71 | Bulgaria | 84 billion |
72 | Ghana | 78 billion |
73 | Ivory Coast | 70 billion |
74 | Uzbekistan | 69 billion |
75 | Croatia | 69 billion |
76 | Belarus | 68 billion |
77 | Tanzania | 68 billion |
78 | Angola | 67 billion |
79 | Lithuania | 66 billion |
80 | Myanmar | 65 billion |
81 | Costa Rica | 64 billion |
82 | Panama | 64 billion |
83 | Serbia | 63 billion |
84 | Slovenia | 62 billion |
85 | Uruguay | 59 billion |
86 | Democratic Republic of the Congo | 55 billion |
87 | Azerbaijan | 55 billion |
88 | Tunisia | 47 billion |
89 | Jordan | 46 billion |
90 | Cameroon | 45 billion |
91 | Turkmenistan | 45 billion |
92 | Libya | 43 billion |
93 | Uganda | 41 billion |
94 | Bolivia | 40 billion |
95 | Latvia | 40 billion |
96 | Paraguay | 39 billion |
97 | Bahrain | 39 billion |
98 | Estonia | 37 billion |
99 | Nepal | 36 billion |
100 | Sudan | 34 billion |
101 | Macau | 30 billion |
102 | El Salvador | 29 billion |
103 | Honduras | 28 billion |
104 | Cyprus | 28 billion |
105 | Zimbabwe | 28 billion |
106 | Senegal | 28 billion |
107 | Cambodia | 27 billion |
108 | Papua New Guinea | 27 billion |
109 | Iceland | 26 billion |
110 | Trinidad and Tobago | 24 billion |
111 | Bosnia and Herzegovina | 23 billion |
112 | Lebanon | 23 billion |
113 | Zambia | 22 billion |
114 | Yemen | 22 billion |
115 | Haiti | 21 billion |
116 | Gabon | 20 billion |
117 | Burkina Faso | 20 billion |
118 | Mali | 19 billion |
119 | Laos | 19 billion |
120 | Georgia | 19 billion |
121 | Albania | 18 billion |
122 | Botswana | 18 billion |
123 | Malta | 17 billion |
124 | Benin | 17 billion |
125 | Guinea | 16 billion |
126 | Mozambique | 16 billion |
127 | Mongolia | 15 billion |
128 | Niger | 15 billion |
129 | Afghanistan | 15 billion |
130 | Jamaica | 15 billion |
131 | Madagascar | 14 billion |
132 | Nicaragua | 14 billion |
133 | Brunei | 14 billion |
134 | Armenia | 14 billion |
135 | Republic of Macedonia | 14 billion |
136 | Moldova | 14 billion |
137 | Republic of the Congo | 13 billion |
138 | Malawi | 13 billion |
139 | Namibia | 12 billion |
140 | Equatorial Guinea | 12 billion |
141 | Chad | 12 billion |
142 | Mauritius | 12 billion |
143 | The Bahamas | 11 billion |
144 | Syria | 11 billion |
145 | Rwanda | 11 billion |
146 | New Caledonia | 10 billion |
147 | Mauritania | 10 billion |
148 | Kosovo | 9 billion |
149 | Tajikistan | 9 billion |
150 | Monaco | 9 billion |
151 | Kyrgyzstan | 9 billion |
152 | Togo | 8 billion |
153 | Guyana | 8 billion |
154 | Somalia | 8 billion |
155 | Isle of Man | 7 billion |
156 | Bermuda | 7 billion |
157 | Guam | 6 billion |
158 | Liechtenstein | 6 billion |
159 | Cayman Islands | 6 billion |
160 | Montenegro | 6 billion |
161 | Maldives | 5 billion |
162 | Barbados | 5 billion |
163 | Eswatini | 5 billion |
164 | Fiji | 4 billion |
165 | United States Virgin Islands | 4 billion |
166 | Sierra Leone | 4 billion |
167 | Faroe Islands | 4 billion |
168 | East Timor | 4 billion |
169 | Liberia | 4 billion |
170 | Djibouti | 3 billion |
171 | Andorra | 3 billion |
172 | Aruba | 3 billion |
173 | Suriname | 3 billion |
174 | Burundi | 3 billion |
175 | Bhutan | 3 billion |
176 | Central African Republic | 3 billion |
177 | Lesotho | 2 billion |
178 | Belize | 2 billion |
179 | The Gambia | 2 billion |
180 | Guinea-Bissau | 2 billion |
181 | Solomon Islands | 2 billion |
182 | San Marino | 2 billion |
183 | Antigua and Barbuda | 1 billion |
184 | Seychelles | 1 billion |
185 | Comoros | 1 billion |
186 | Sint Maarten | 1 billion |
187 | Northern Mariana Islands | 1 billion |
188 | Grenada | 1 billion |
189 | Vanuatu | 956 million |
190 | Turks and Caicos Islands | 943 million |
191 | Dominica | 554 million |
192 | São Tomé and Príncipe | 527 million |
193 | Federated States of Micronesia | 404 million |
194 | Marshall Islands | 260 million |
195 | Palau | 218 million |
196 | Nauru | 133 million |
Biggest Economies in the World
The ten biggest economies in the world, based on their GDPs, are the US, China, Japan, Germany, India, the UK, France, Italy, Canada, and South Korea.
The United States of America is the biggest economy in the world, with a GDP of over 23 trillion dollars. China follows close behind as the second biggest economy in the world, with a GDP of 17.7 trillion dollars; however, this figure is rapidly growing as China continues to invest heavily in economic development. The third place for the biggest economy goes to Japan, which has an estimated GDP of 4.9 trillion dollars.
Then comes Germany, with a GDP of 4.2 trillions, in fourth place for biggest economy in the world. India comes fifth on the list of biggest economies in the world with an estimated GDP of 3.1 trillion dollars – with over 1 billion people living in India, this gives it one of the highest population-based economies in the world. The United Kingdom is the sixth biggest economy in the world, with a GDP of $3.1T. France is in seventh place for biggest economies with a GDP of $2.9 trillion, while Italy is in eighth place with a GDP of $2.1 trillion. Canada ranks ninth biggest economy in the world with a GDP of $1.9 trillion, and South Korea rounds out the top 10 list for biggest economies in the world with a GDP of $1.8 trillion.
Here is a list of the top economies in the world, in terms of their GDP :
1. United States of America – $23,3T
2. People’s Republic of China – $17,7T
3. Japan – $4,9T
4. Germany – $4,2T
5. India – $3,1T
6. United Kingdom – $3,1T
7. France – $2,9T
8. Italy – $2,1T
9. Canada – $1,9T
10. South Korea – $1,8T
Best Economy in the World
The United States of America remains the world’s top economy with a GDP of $23.3 trillion, according to data from the World Bank. The US has maintained this position for a while, thanks to its advanced and diversified economy. The country is home to some of the world’s largest corporations, including Apple, Microsoft, and Amazon, which have contributed significantly to its economic growth. The US economy is also supported by a strong financial sector, a robust infrastructure, and a skilled workforce. Despite the impact of the COVID-19 pandemic on the US economy, the country’s economic resilience and adaptability have helped it to maintain its position as the world’s leading economy.
List of Countries by GDP
Afghanistan
15 billion
Ranked in the World
#129
Albania
18 billion
Ranked in the World
#121
Algeria
163 billion
Ranked in the World
#57
Andorra
3 billion
Ranked in the World
#171
Angola
67 billion
Ranked in the World
#78
Antigua and Barbuda
1 billion
Ranked in the World
#183
Argentina
487 billion
Ranked in the World
#27
Argentina is the twenty-seventh largest economy, with a GDP of $487.2 billion. The country has a diverse economy, with key industries including agriculture, manufacturing, and mining. However, Argentina has struggled with high inflation and debt in recent years, leading to economic instability.
Armenia
14 billion
Ranked in the World
#134
Armenia has the one hundred thirty-fourth largest economy in the world with a GDP of $13,861,409,969 USD. The country's economy is heavily dependent on its agricultural sector, which employs a significant portion of the population. However, in recent years, the government has made efforts to diversify the economy and encourage growth in other sectors such as technology and tourism. In spite of this diversification, Armenia still faces a number of economic challenges, including a high poverty rate, limited natural resources, and a complex geopolitical environment.
Aruba
3 billion
Ranked in the World
#172
Australia
1.6 trillion
Ranked in the World
#13
Thirteenth on the list of largest economies in the world is Australia, with a GDP of $1,5 trillion. Australia has a mixed-market economy that is dominated by the service sector. The country is a leading producer of coal, iron ore, and natural gas, and also has a thriving agricultural industry. In recent years, Australia has made significant investments in the technology and service sectors and has become an important player in the global innovation space.
Austria
480 billion
Ranked in the World
#29
Austria is the twenty-ninth largest economy, with a GDP of $480.3 billion. The country has a highly developed service sector, particularly in the areas of tourism and finance. Austria is also known for its strong manufacturing industry, with key products including machinery, vehicles, and processed foods.
Azerbaijan
55 billion
Ranked in the World
#87
Bahrain
39 billion
Ranked in the World
#97
Bangladesh
416 billion
Ranked in the World
#32
Bangladesh has the thirty-second largest economy in the world with a GDP of $416,264,942,893 USD. The country's economy is largely driven by its garment and textile industry which accounts for a significant portion of its export earnings. Agriculture is another important sector, employing over half of the workforce and accounting for a significant portion of the country's GDP. In recent years, Bangladesh has also been focusing on developing its services sectors with particular emphasis on Information and Communications Technology sector. Despite significant progress in reducing poverty and achieving economic growth, Bangladesh still faces challenges including poor infrastructure, political instability, and vulnerability to natural disasters.
Barbados
5 billion
Ranked in the World
#162
Belarus
68 billion
Ranked in the World
#76
Belgium
594 billion
Ranked in the World
#23
Belgium is the twenty-third largest economy, with a GDP of $594.1 billion. The country is known for its strong manufacturing sector, particularly in the areas of chemicals, machinery, and food processing. It is also home to the headquarters of the European Union and NATO.
Belize
2 billion
Ranked in the World
#178
Benin
17 billion
Ranked in the World
#124
Bermuda
7 billion
Ranked in the World
#156
Bhutan
3 billion
Ranked in the World
#175
Bolivia
40 billion
Ranked in the World
#94
Bosnia and Herzegovina
23 billion
Ranked in the World
#111
Botswana
18 billion
Ranked in the World
#122
Brazil
1.6 trillion
Ranked in the World
#12
Brazil takes the twelfth spot with a GDP of $1,6 trillion Brazil is the largest economy in Latin America and has a diversified economy with thriving agricultural, mining, and manufacturing industries. The country is also a significant producer of oil and has recently made major strides in the technology and service sectors.
Brunei
14 billion
Ranked in the World
#133
Bulgaria
84 billion
Ranked in the World
#71
Burkina Faso
20 billion
Ranked in the World
#117
Burundi
3 billion
Ranked in the World
#174
Cambodia
27 billion
Ranked in the World
#107
Cameroon
45 billion
Ranked in the World
#90
Canada
2 trillion
Ranked in the World
#9
Canada ranks ninth largest economy in the world, with a GDP of $1.9 trillion, with a highly developed service sector and a strong natural resources sector, especially in oil and gas.
Cayman Islands
6 billion
Ranked in the World
#159
Central African Republic
3 billion
Ranked in the World
#176
Chad
12 billion
Ranked in the World
#141
Chile
317 billion
Ranked in the World
#43
Forty-third largest economy is Chile, with a GDP of $317 billion. Chile is one of the most stable and prosperous countries in South America, with a diversified economy that is heavily reliant on its mining and agricultural sectors. The country is also home to a growing tech industry, particularly in the areas of renewable energy and cybersecurity.
Colombia
314 billion
Ranked in the World
#44
Forty-fourth on the list for largest economies is Colombia, with a GDP of $314,4 billion. Colombia is the fourth-largest economy in Latin America, with a diversified economy that includes significant agricultural, manufacturing, and service sectors. The country has made significant progress in recent years in reducing poverty and improving social indicators.
Comoros
1 billion
Ranked in the World
#185
Costa Rica
64 billion
Ranked in the World
#81
Croatia
69 billion
Ranked in the World
#75
Cuba
107 billion
Ranked in the World
#62
Cyprus
28 billion
Ranked in the World
#104
Czech Republic
282 billion
Ranked in the World
#47
Forty-seventh largest economy is the Czech Republic, with a GDP of $281,7 billion. The Czech Republic is a highly developed economy that is heavily reliant on its manufacturing and export sectors. The country is also a major producer of beer and is home to several major automotive manufacturers, including Skoda and Volkswagen.
Democratic Republic of the Congo
55 billion
Ranked in the World
#86
Denmark
398 billion
Ranked in the World
#35
Denmark has a GDP of $398.3 billion, making it the 35th largest economy in the world. Denmark is a high-income, mixed economy with a strong welfare state, a highly educated workforce, and a focus on renewable energy and sustainable development. The country has also developed a highly advanced transport and logistics sector and is known for its design and innovation industries.
Djibouti
3 billion
Ranked in the World
#170
Dominica
554 million
Ranked in the World
#191
Dominican Republic
94 billion
Ranked in the World
#66
East Timor
4 billion
Ranked in the World
#168
Ecuador
106 billion
Ranked in the World
#64
Egypt
404 billion
Ranked in the World
#34
Egypt has a GDP of $404.1 billion, making it the 34th largest economy in the world. Egypt is a lower-middle-income country with a mixed economy, a large tourism industry, and significant natural resources such as oil, gas, and minerals. The country has made progress in economic reforms and diversifying its economy, but it still faces challenges such as high levels of poverty, unemployment, and political instability.
El Salvador
29 billion
Ranked in the World
#102
Equatorial Guinea
12 billion
Ranked in the World
#140
Estonia
37 billion
Ranked in the World
#98
Eswatini
5 billion
Ranked in the World
#163
Ethiopia
111 billion
Ranked in the World
#60
Faroe Islands
4 billion
Ranked in the World
#167
Federated States of Micronesia
404 million
Ranked in the World
#193
Fiji
4 billion
Ranked in the World
#164
Finland
297 billion
Ranked in the World
#45
Forty-fifth largest economy in the world is Finland, with a GDP of $297,3 billion. Finland is a highly developed economy with a strong emphasis on technology and innovation. The country is home to several major technology companies, including Nokia and Rovio (the makers of Angry Birds), and has a highly skilled and educated workforce.
France
3 trillion
Ranked in the World
#7
France comes in seventh largest economy with a GDP of $2.9 trillion, with a strong manufacturing sector and a highly developed service sector.
Gabon
20 billion
Ranked in the World
#116
Georgia
19 billion
Ranked in the World
#120
Germany
4.3 trillion
Ranked in the World
#4
Germany is fourth on the list of largest economies in the world, with a GDP of $4.2 trillion, and its economy is highly focused on exports, especially in the automotive and machinery sectors.
Ghana
78 billion
Ranked in the World
#72
Greece
215 billion
Ranked in the World
#51
Grenada
1 billion
Ranked in the World
#188
Guam
6 billion
Ranked in the World
#157
Guatemala
86 billion
Ranked in the World
#69
Guinea
16 billion
Ranked in the World
#125
Guinea-Bissau
2 billion
Ranked in the World
#180
Guyana
8 billion
Ranked in the World
#153
Haiti
21 billion
Ranked in the World
#115
Honduras
28 billion
Ranked in the World
#103
Hong Kong
369 billion
Ranked in the World
#39
Thirty-ninth on the list for largest economies in the world is Hong Kong, with a GDP of $369 billion. Despite facing significant political turmoil in recent years, Hong Kong remains one of the world's major financial centers and a gateway to China. The city's economy is characterized by its highly developed financial sector, world-class port, and robust trade relationships with both mainland China and the rest of the world.
Hungary
182 billion
Ranked in the World
#55
Iceland
26 billion
Ranked in the World
#109
India
3.2 trillion
Ranked in the World
#5
India has the fifth largest economy in the world with a GDP of $3,176,295,065,497 USD. India's economy is characterized by a diverse mix of sectors, including agriculture, industry, and services. Moreover, India's vast population provides a large consumer market and a source of labor and has helped to attract foreign investment and drive economic growth. Lastly, the country's government has also implemented economic reforms to encourage foreign investment and create a more business-friendly environment. Ultimately, these factors have contributed to India’s rise as a major economic power.
Indonesia
1.2 trillion
Ranked in the World
#16
Sixteenth on the list is Indonesia, with a GDP of $1,1 trillion. Indonesia is the largest economy in Southeast Asia and has a mixed economy that is heavily dependent on the service sector and the manufacturing industry. The country is a major producer of coal, crude palm oil, and other commodities, and also has a thriving tourism industry. Despite facing challenges such as infrastructure bottlenecks and regulatory uncertainty, Indonesia has managed to maintain a positive economic growth rate over the past few years.
Iran
360 billion
Ranked in the World
#41
Forty-first largest economy is Iran, with a GDP of $359,7 billion. Iran's economy is heavily reliant on its vast oil and gas reserves, which account for the majority of the country's exports. However, Iran has faced significant economic challenges in recent years, including international sanctions and political instability.
Iraq
208 billion
Ranked in the World
#52
Ireland
504 billion
Ranked in the World
#25
Ireland is the twenty-fifth largest economy, with a GDP of $504.2 billion. The country has a highly developed pharmaceutical and technology industry, with major companies such as Google, Facebook, and Pfizer having operations there. Ireland has also seen significant growth in the renewable energy sector in recent years.
Isle of Man
7 billion
Ranked in the World
#155
Israel
489 billion
Ranked in the World
#26
Israel is the twenty-sixth largest economy, with a GDP of $488.5 billion. The country has a highly developed technology sector, particularly in the areas of cybersecurity, biotechnology, and aerospace. Israel also has a strong agricultural industry, and is a major exporter of fresh produce.
Italy
2.1 trillion
Ranked in the World
#8
Italy is eighth on the list of largest economies in the world with a GDP of $2.1 trillion, and its economy is highly diversified, with a mix of industries such as manufacturing, tourism, and finance.
Ivory Coast
70 billion
Ranked in the World
#73
Jamaica
15 billion
Ranked in the World
#130
Japan
4.9 trillion
Ranked in the World
#3
Japan ranks third largest economy in the world with a GDP of $4.9 trillion. Japan has a highly developed economy and is known for its technological advancements and strong manufacturing sector.
Jordan
46 billion
Ranked in the World
#89
Kazakhstan
197 billion
Ranked in the World
#54
Kenya
110 billion
Ranked in the World
#61
Kosovo
9 billion
Ranked in the World
#148
Kuwait
106 billion
Ranked in the World
#65
Kyrgyzstan
9 billion
Ranked in the World
#151
Laos
19 billion
Ranked in the World
#119
Latvia
40 billion
Ranked in the World
#95
Lebanon
23 billion
Ranked in the World
#112
Lesotho
2 billion
Ranked in the World
#177
Liberia
4 billion
Ranked in the World
#169
Libya
43 billion
Ranked in the World
#92
Liechtenstein
6 billion
Ranked in the World
#158
Lithuania
66 billion
Ranked in the World
#79
Luxembourg
86 billion
Ranked in the World
#70
Macau
30 billion
Ranked in the World
#101
Madagascar
14 billion
Ranked in the World
#131
Malawi
13 billion
Ranked in the World
#138
Malaysia
373 billion
Ranked in the World
#38
With a GDP of $372.9 billion, Malaysia is the 38th largest economy in the world. Malaysia is a middle-income, mixed economy with a focus on manufacturing, tourism, and services. The country has made significant progress in reducing poverty and increasing access to education and healthcare, but it still faces challenges such as corruption and political polarization.
Maldives
5 billion
Ranked in the World
#161
Mali
19 billion
Ranked in the World
#118
Malta
17 billion
Ranked in the World
#123
Marshall Islands
260 million
Ranked in the World
#194
Mauritania
10 billion
Ranked in the World
#147
Mauritius
12 billion
Ranked in the World
#142
Mexico
1.3 trillion
Ranked in the World
#15
Mexico is fifteenth on the list of largest economies in the world, with a GDP of $1,2. Mexico has a mixed economy that is heavily dependent on the service sector and manufacturing industry. The country is a major producer of oil and has a thriving agricultural sector as well. Despite facing challenges such as high levels of inequality and corruption, Mexico has managed to maintain a relatively stable economy.
Moldova
14 billion
Ranked in the World
#136
Monaco
9 billion
Ranked in the World
#150
Mongolia
15 billion
Ranked in the World
#127
Montenegro
6 billion
Ranked in the World
#160
Morocco
143 billion
Ranked in the World
#58
Mozambique
16 billion
Ranked in the World
#126
Myanmar
65 billion
Ranked in the World
#80
Namibia
12 billion
Ranked in the World
#139
Nauru
133 million
Ranked in the World
#196
Nepal
36 billion
Ranked in the World
#99
Netherlands
1 trillion
Ranked in the World
#17
The Netherlands takes the seventeenth spot with a GDP of $1 trillion. The Netherlands has an open, mixed-market economy that is heavily dependent on foreign trade. The country is a major transportation hub and is home to several large international companies, particularly in the financial and technology sectors. The Netherlands is also known for its innovative agriculture practices and is a leading exporter of agricultural products.
New Caledonia
10 billion
Ranked in the World
#146
New Zealand
250 billion
Ranked in the World
#49
Forty-ninth largest economy in the world is New Zealand, with a GDP of $249,8 billion. New Zealand is a small, highly developed economy that is heavily reliant on its agricultural sector. The country is also home to a growing tech industry and is a major producer of wool, meat, and dairy products.
Nicaragua
14 billion
Ranked in the World
#132
Niger
15 billion
Ranked in the World
#128
Nigeria
441 billion
Ranked in the World
#30
With a GDP of $440.8 billion, Nigeria is the 30th largest economy in the world. Nigeria is a middle-income, mixed economy, and emerging market with abundant natural resources, particularly oil. The country has made progress in diversifying its economy and has seen strong economic growth in recent years, but it still faces challenges such as high levels of poverty, corruption, and infrastructure deficits.
Northern Mariana Islands
1 billion
Ranked in the World
#187
Norway
482 billion
Ranked in the World
#28
Norway is the twenty-eighth largest economy, with a GDP of $482.1 billion. The country is known for its oil and gas industry, which has been a major source of wealth and economic growth. Norway also has a strong maritime industry and is a major exporter of fish and seafood.
Oman
88 billion
Ranked in the World
#68
Pakistan
348 billion
Ranked in the World
#42
Pakistan has the forty-second largest economy in the world with a GDP of $1348,262,544,719 USD. Pakistan's economy is largely driven by its agriculture and manufacturing sectors which account for a significant portion of its GDP. The services sector is also important and has been growing rapidly in recent years, particularly in areas such as IT, finance, and tourism. Yet, Pakistan faces a number of economic challenges that include high inflation, low levels of foreign investment, and a large trade deficit. The government has implemented economic reforms to address structural issues and promote growth, resulting in the country making progress in recent years in reducing poverty and increasing access to education and healthcare.
Palau
218 million
Ranked in the World
#195
Panama
64 billion
Ranked in the World
#82
Papua New Guinea
27 billion
Ranked in the World
#108
Paraguay
39 billion
Ranked in the World
#96
People's Republic of China
17.7 trillion
Ranked in the World
#2
The People's Republic of China takes second place, with a GDP of $17.7 trillion. Over the past few decades, China has transformed from an agricultural-based economy to a manufacturing and export-based one, and more recently, a service-based economy.
Peru
223 billion
Ranked in the World
#50
Fiftieth largest economy in the world is Peru with a GDP of $223,2 billion. Peru is a resource-rich country with a diverse economy that includes mining, manufacturing, and agriculture. The country is known for its production of copper, gold, and silver. Its main trading partners are China, the United States, and Brazil.
Philippines
394 billion
Ranked in the World
#37
The Philippines has a GDP of $394 billion, making it the 37th largest economy in the world. The Philippines is a lower-middle-income, mixed economy with a focus on agriculture, manufacturing, and services. The country has made progress in reducing poverty and increasing foreign investment, but it still faces challenges such as high levels of inequality, corruption, and natural disasters.
Poland
679 billion
Ranked in the World
#21
Poland is the twenty-first largest economy in the world, with a GDP of $679.4 billion. The country has seen significant economic growth since the fall of communism in 1989, and is now a major player in Central and Eastern Europe. Poland has a diverse economy, with key industries including information technology, automotive, and food processing.
Portugal
254 billion
Ranked in the World
#48
Forty-eighth largest economy in the world is Portugal, with a GDP of $253,6 billion. Portugal is a developed economy that has made significant progress in recent years in reducing its budget deficit and improving its fiscal stability. The country is heavily reliant on its tourism sector, which accounts for a significant portion of its GDP.
Puerto Rico
107 billion
Ranked in the World
#63
Qatar
180 billion
Ranked in the World
#56
Republic of Macedonia
14 billion
Ranked in the World
#135
Republic of the Congo
13 billion
Ranked in the World
#137
Romania
284 billion
Ranked in the World
#46
Forty-sixth on the list for largest economies is Romania, with a GDP of $284 billion. Romania is a rapidly developing economy that has made significant progress in recent years, particularly in the areas of infrastructure development and foreign investment. However, the country still faces significant challenges, including corruption and political instability.
Russia
1.8 trillion
Ranked in the World
#11
Eleventh on the list of largest economies in the world is Russia, with a GDP of $1,7 trillion. Russia is the largest country in the world and has a diversified economy that heavily relies on natural resources, particularly oil and gas. The country is also one of the leading producers of industrial metals, such as steel and aluminum, and has a strong arms industry.
Rwanda
11 billion
Ranked in the World
#145
San Marino
2 billion
Ranked in the World
#182
São Tomé and Príncipe
527 million
Ranked in the World
#192
Saudi Arabia
834 billion
Ranked in the World
#18
Eighteenth on the list for largest economies is Saudi Arabia, with a GDP of $833 billion. Saudi Arabia has a heavily oil-dependent economy, with the petroleum industry accounting for a significant portion of the country's GDP. The country is also investing heavily in other sectors such as healthcare, education, and transportation, as part of its long-term economic diversification plan. Despite facing challenges such as declining oil prices and geopolitical tensions, Saudi Arabia has managed to maintain a stable economy.
Senegal
28 billion
Ranked in the World
#106
Serbia
63 billion
Ranked in the World
#83
Seychelles
1 billion
Ranked in the World
#184
Sierra Leone
4 billion
Ranked in the World
#166
Singapore
397 billion
Ranked in the World
#36
With a GDP of $396.9 billion, Singapore is the 36th largest economy in the world. Singapore is a high-income, highly developed economy with a strong focus on international trade, finance, and technology. The country has a highly skilled workforce, a favorable business environment, and a highly developed infrastructure, but it also faces challenges such as high levels of income inequality and political restrictions.
Sint Maarten
1 billion
Ranked in the World
#186
Slovakia
117 billion
Ranked in the World
#59
Slovenia
62 billion
Ranked in the World
#84
Solomon Islands
2 billion
Ranked in the World
#181
Somalia
8 billion
Ranked in the World
#154
South Africa
419 billion
Ranked in the World
#31
South Africa has a GDP of $419 billion, making it the 31st largest economy in the world. South Africa is a mixed economy with abundant natural resources, well-developed financial, legal, and transport sectors, and a stock exchange that is the largest in Africa. However, the country still faces challenges such as high levels of unemployment, income inequality, and crime.
South Korea
1.8 trillion
Ranked in the World
#10
South Korea is the tenth largest economy in the world, with a GDP of $1.8 trillion, with a strong manufacturing sector that includes electronics, automobiles, and shipbuilding.
Spain
1.4 trillion
Ranked in the World
#14
Spain takes the fourteenth spot with a GDP of $1,4 trillion. Spain is the fourth-largest economy in the Eurozone and has a mixed-market economy that is dominated by the service sector. The country is a major producer of agricultural products and is also a leading manufacturer of automobiles and other transportation equipment. Despite facing economic difficulties during the Eurozone crisis, Spain has managed to recover and is currently experiencing economic growth.
Sri Lanka
89 billion
Ranked in the World
#67
Sudan
34 billion
Ranked in the World
#100
Suriname
3 billion
Ranked in the World
#173
Sweden
636 billion
Ranked in the World
#22
Sweden is the twenty-second largest economy, with a GDP of $635.7 billion. The country has a highly developed welfare state and is known for its strong social protections and progressive policies. Key industries include telecommunications, automotive, and pharmaceuticals.
Switzerland
801 billion
Ranked in the World
#20
Twentieth largest economy in the world is Switzerland, with a GDP of $800.6 billion. The country has a highly developed service sector and is known for its strong banking and financial industry. It is also a major exporter of pharmaceuticals, chemicals, and watches.
Syria
11 billion
Ranked in the World
#144
Tajikistan
9 billion
Ranked in the World
#149
Tanzania
68 billion
Ranked in the World
#77
Thailand
506 billion
Ranked in the World
#24
Thailand is the twenty-fourth largest economy, with a GDP of $505.9 billion. The country is a major exporter of goods, particularly automobiles, electronics, and agricultural products. It is also a popular destination for tourism, with its beaches, temples, and vibrant street food scene.
The Bahamas
11 billion
Ranked in the World
#143
The Gambia
2 billion
Ranked in the World
#179
The Gambia has the one hundred seventy-ninth largest economy in the world with a GDP of $2,038,417,462 USD. The country's economy is largely driven by its agriculture and the production of peanuts, comprising 25% of the Gambia’s GDP. The services sector is also an important part of the economy, with tourism being a major contributor to foreign exchange earnings. Despite these sectors, the Gambia is one of the poorest countries in the world, with a high poverty rate and limited natural resources. The government has implemented economic reforms to address these challenges but the country still faces significant economic and social issues.
Togo
8 billion
Ranked in the World
#152
Trinidad and Tobago
24 billion
Ranked in the World
#110
Tunisia
47 billion
Ranked in the World
#88
Turkey
819 billion
Ranked in the World
#19
Nineteenth on the list of largest economies in the world is Turkey, with a GDP of $819 billion. Turkey has a mixed economy that is heavily dependent on the service sector and the manufacturing industry.
Turkmenistan
45 billion
Ranked in the World
#91
Turks and Caicos Islands
943 million
Ranked in the World
#190
Uganda
41 billion
Ranked in the World
#93
Ukraine
200 billion
Ranked in the World
#53
United Arab Emirates
415 billion
Ranked in the World
#33
The United Arab Emirates has a GDP of $415 billion, making it the 33rd largest economy in the world. The UAE is a high-income, oil-rich country with a well-developed infrastructure, financial services sector, and tourism industry. The country has also diversified its economy into sectors such as aviation, renewable energy, and high-tech industries. However, the country still faces challenges such as a high dependence on oil exports and concerns about human rights.
United Kingdom
3.1 trillion
Ranked in the World
#6
The United Kingdom ranks sixth largest economy in the world with a GDP of $3.1 trillion, with a highly developed service sector that is focused on finance, healthcare, and technology.
United States of America
23.3 trillion
Ranked in the World
#1
The United States of America holds the first place on the list of the world's largest economies, with a GDP of $23.3 trillion. The US economy is highly diversified, with a mix of industries that range from technology to healthcare, energy, and finance.
United States Virgin Islands
4 billion
Ranked in the World
#165
Uruguay
59 billion
Ranked in the World
#85
Uzbekistan
69 billion
Ranked in the World
#74
Vanuatu
956 million
Ranked in the World
#189
Vietnam
366 billion
Ranked in the World
#40
Fortieth on the list is Vietnam, with a GDP of $366 billion. Vietnam is one of the fastest-growing economies in Southeast Asia, driven in large part by its manufacturing and export sectors. The country has become an increasingly attractive destination for foreign investment, particularly in the electronics, textiles, and footwear industries.
Yemen
22 billion
Ranked in the World
#114
Zambia
22 billion
Ranked in the World
#113
Zimbabwe
28 billion
Ranked in the World
#105
FAQs
Who has the largest economy in the world ?
The largest economy in the world is the United States, with a GDP of $23.3 trillion.
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