Countries by GDP Ranking 2024

The top ranked countries by GDP in the world in 2024 are United States, China, Germany, Japan, India, United Kingdom, France, Brazil, Italy and Canada. These are the largest economies in the world, Japan slipped to fourth position thus Germany moved to third and India is the fifth largest economy in the world. Russia is the eleventh largest economy, Mexico and South Korea is the twelfth and thirteenth largest economies in the world followed by Australia, Spain and Indonesia in 2024.

List of countries by GDP

Below is the latest list of Countries by GDP, ranked as per the economic activity of each country in 2024. The United States economy is the largest in the world, measured by nominal GDP, followed by China, world's second largest with annual growth that consistently outpaces United States, it may take very few years it take the top position, faces some significant challenges like aging population, environmental degradation and Wuhan virus. Other biggest contributors to that GDP in the world, include Germany, India, Japan, United Kingdom and France. The World's GDP in 2023 is currently declining due to Russia-Ukraine, Isreal-Palestine war and post corona epidemic, By October 2023 it is estimated to be 106.37 trillion as against 103.86 trillion as on 2022, list shows historical, present and future values for all the countries from 2020 to 2026. These are the highest GDP Ranking countries in the world by 2024.

GDP : Gross domestic product popularly known as GDP, is an estimate of the total value of goods and services produced in a country during a specified period, it is currently calculated yearly to understand the growth metrics of the country. The calculation is based on nominal GDP, also called GDP at current prices or in value. Countries by GDP is the single most indicator to capture economic activity of all the countries.

GDP by Country

According to imf data, Projections of Countries GDP in 2024, Below list is the GDP by Country

GDP per capita

GDP per capita is the amount of money that each individual gets in that particular country, this metric used to calculate from gross domestic product divided by population in a country. Per capita is a rough measure of average individual income or the standard of living in a country. The most common way of measuring and comparing GDP among countries, by using local prices and currencies that converted into U.S. dollars using currency exchange rates. GDP Growth rate estimates how fast the economy of a particular country is growing, is the annual percentage growth rate of nominal GDP. By 2023, The top GDP per capita by country are Luxembourg, Ireland, Singapore, Liechtenstein, Qatar, Monaco, Macau, Switzerland, United Arab Emirates, San Mario, Norway and United States.

GDP Rank by Continent

Africa Countries include Nigeria, South Africa, Kenya constitute $1.1 trillion, major share of Africa's 2.97 trillion economy in 2022, Nigeria sits at the top of the African economy, in terms of nominal GDP in 2021, followed by South Africa, Kenya, Ethiopia, Ghana, Ivory Coast, Angola and Tanzania. European Countries include Germany, United Kingdom, France, Italy, Russia, Spain, Netherlands constitute $18.8 trillion, major share of Europe's 16.9 trillion economy as on 2022. Asian Countries include China, Japan, India, South Korea, Indonesia constitutes 31.45 trillion of Asia's 41.97 trillion economy as on 2022.

Top 10 GDP by Countries

The top 10 GDP by countries are United States, China, Germany, Japan, India, United Kingdom, France, Italy, Brazil and Canada.

1. United States - 26.9 trillion
2. China - 17.7 trillion
3. Germany - 4.4 trillion
4. Japan - 4.2 trillion
5. India - 3.7 trillion
6. UK - 3.3
7. France - 3 trillion
8. Italy - 2.18 trillion
9. Brazil - 2.12 trillion
10. Canada - 2.11 trillion

Highest GDP Countries

According to imf GDP data, The Country With Highest GDP is United States, United States GDP is 27 trillion in 2023, Other top countries are China, Germany, Japan, India, United Kingdom, France, Italy, Brazil and Canada. China GDP is 17.7 trillion, Germany GDP is 4.4 trillion, Japan GDP is 4.2 trillion and India GDP is 3.7 trillion.

Lowest GDP Countries

The County with Lowest GDP in the World is Tuvalu, Other lowest GDP countries with below 1 billion USD economy are Nauru, Kiribati, Palau, Marshal Islands, Micronesia, Tonga, São Tomé and Príncipe, Dominica, Samoa. These lowest GDP countries with GDP between 1 billion and 2 billion USD are St. Vincent and the Grenadines, St. Kitts and Nevis, Vanuatu, Grenada, Comoros and Solomon Islands.

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