India ranked the fifth largest economy, boasting a GDP of US dollar 3,730 billion, but with a GDP per capita of US dollar 2.61 thousand.The top ten largest economies in the world contribute significantly to global GDP and have a strong influence on international trade and economic policies. As of September 2023, the world’s largest economies are:
1. United States
2. China
3. Japan
4. Germany
5. India
6. United Kingdom
7. France
8. Italy
9. Canada
10. Brazil
The biggest economy in the world is the United States with a GDP of 26,854 billion dollars. The US has stayed at the top of the list since the 20th century. However, in the coming years, it is expected that China will overtake the US as the biggest economy in the world.
10 Largest Economies 2023
1. The United States
The US is the biggest economy in the world. Its current GDP stands at a staggering $26,462 billion dollars. The income per capita of the US is $ 80,399.
2. China
China is the second-largest economy in the world with a nominal GDP of 19,374 billion. The Income Per Capita of China stands at $13,724.
3. Japan
Japan is the third largest economy in the world with a nominal GDP of 4,411 billion dollars. The Income Per Capita is $35,395.
4. Germany
Germany is the fourth-largest economy in the world with a GDP of 4,309 billion dollars. The Income Per Capita in Germany is $51,432.
5. India
Recently, India overtook the UK to become the world’s fifth-largest economy. Its GDP stands at 3,755 billion dollars and its Income Per Capita at $2,389.
6. United Kingdom
The UK is the sixth-largest economy in the world with a GDP of 3,159 billion dollars. The Income Per Capita of the UK is $45,850.
7. France
The seventh-largest economy in the world has a GDP of 2,782 billion dollars and an Income Per Capita of $46,314.
8. Italy
The eighth-largest economy in the world is Italy with a GDP of 2,170 billion dollars. Its Income Per Capita stands at $35,810.
9. Canada
Despite being a small country with fewer inhabitants, Canada is the ninth-largest world economy. Its GDP stands at 2,090 billion dollars and its Income Per Capita is $52,728.
10. Brazil
The tenth-largest economy in the world is Brazil with a GDP of $2,800 billion dollars. The Income Per Capita of Brazil is $9.67.
The above-listed 10 countries are all trillion-dollar economies. As of September 2023, there are a total of 19 trillion-dollar economies in the world.
