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List of 10 countries with the largest economies in the world today

By 2023, the global gross domestic product (GDP) will have grown to above $100 trillion. This enormous number is characterized by significant inequality, though, as only the top ten economies in the world account for around 70% of the world's gross domestic product.

1. Germany

Germany is the most powerful country in Europe in addition to having the best economy. The nation has the fourth-largest nominal GDP in the world, with $4 trillion. The GDP per capita is $48,264 (ranked 16th) while the GDP at purchasing power parity is $4.35 trillion.

Germany is largely dependent on exporting products like industrial equipment, cars, and machinery. It is among the biggest suppliers of coal, iron, steel, chemicals, machinery, and autos worldwide. In order to strengthen its position in the manufacturing sector and create cutting-edge solutions to sustain its position as a worldwide industrial powerhouse, Germany has embraced Industry 4.0.

The GDP is $4 trillion.
GDP ($4.356 trillion, PPP)
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2. India

By 2020, India's GDP is expected to reach $11.46 trillion in purchasing power parity, making it the third largest economy in the world. India's nominal GDP per capita is $2,199 due to its massive population. With a nominal GDP of $2.9 trillion, India is expected to surpass the UK and become the fifth-largest economy in the world by 2020. With over 30% of the economy coming from the services sector, it is now the one with the quickest rate of growth.

With the help of government programs like Make in India, India's manufacturing sector is still one of its primary industries, but one that is growing more slowly.

The GDP is $2.972 trillion.
GDP: $11.468 trillion (PPP)
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3. England

With a nominal GDP of $2.829 trillion in 2019–20, the UK came in sixth place globally. Nevertheless, the UK dropped to ninth place with $3.128 trillion in purchasing power parity GDP. At $44,177, the UK's GDP per capita ranked 22nd. With a GDP of $3.47 trillion, the UK is predicted to drop to seventh place by 2023. With manufacturing accounting for over 75% of the UK's GDP, second only to agriculture, the country is strongly dependent on the service industry. The UK and EU are still negotiating Brexit, and the FTSE 100 has fallen from its peak in May 2018 due to a downturn in equity markets.



The GDP is $2.829 trillion.
GDP: $3.128 trillion (PPP)
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4. France

Approximately one-fifth of the gross domestic product (EU GDP) of the European Union comes from the French economy. With over 70% of GDP coming from the service sector, it is the backbone of the economy. In addition to cosmetics and luxury products, France is a major player in the automotive, aviation, and railroad industries. Furthermore, France generates more science graduates per thousand workers than any other country in Europe, and its workforce is highly educated.

Compared to many other nations, the French economy has fared fairly well during the financial crisis. France's GDP only shrank in 2009 because of its steady consumption and minimal reliance on foreign commerce.

The GDP is $2.761 trillion.
GDP ($3.054 trillion, PPP)
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5. Italy

Italy is recovering despite political unrest, a weak economy, and a dearth of meaningful changes. The economy has improved recently, but in 2012 and 2013, industrial output shrank by 2.4% and 1.8%, respectively. With smaller neighbors like France, Bosnia and Herzegovina, and other European economies, the nation is attempting to forge closer financial links.

Despite a decline in bad loans in the banking industry, Italy continues to suffer numerous long-standing governance issues, such as a rigid labor market, stagnating productivity, high tax rates, and a large amount of government debt. Due to these flaws, Italy's fiscal development is being restrained, and its growth rate is still lower than that of its European counterparts.

The GDP is $2.072 trillion.
GDP ($2.394 trillion, PPP)
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6. Brazil

The largest and most populated nation in South America is Brazil. Having recovered from a socialist economy with a nominal GDP of $1.868 trillion in 2018, Brazil was ranked ninth in the world's major economies in 2019. With a fairly developed agriculture sector that contributes roughly 6% of the nation's GDP, the nation is well-known for its textile, footwear, cement, timber, iron ore, and tin industries. Nonetheless, the majority of the nation's GDP is still derived from industrial output (21%), and the service sector (72.8%).

After suffering a devastating recession in 2015 and 2016, Brazil is still recovering. In 2013 and 2014, Brazil's financial assets were close to $2.5 trillion prior to the crisis.

The GDP is $1.847 trillion.

GDP per capita (PPP): $3.456 trillion
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7. Canada

The tenth largest economy in the world, after Russia. Between 1999 and 2008, Canada's economy grew rapidly, with GDP increasing by 2.9% annually on average. Canada rebounded swiftly from the 2009 recession because of its strong financial ties with the US. This recovery was also aided by the nation's sound financial system and robust fiscal policy.

Canada's resource-rich western regions have a robust economy and a stable political environment. Since 2010, economic growth has accelerated, averaging 1.4% annually between 2010 and 2013. By 2023, Canada's nominal GDP is predicted to have grown from $1.8 trillion in 2019 to $2.43 trillion.

The GDP is $1.82 trillion.
GDP ($1.93 trillion, PPP)
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8. America

The United States has remained the greatest economy in the world since 1871. Because of its sophisticated infrastructure, cutting-edge technology, and wealth of natural resources, the US economy is regarded as a financial giant and contributes almost one-third of global capital. Only 15% of GDP comes from manufacturing, whereas 80% comes from the service sector.

With industries including oil, iron, cars, aircraft, chemicals, electronics, food processing, and consumer products, the US economy is also the most technologically advanced in the world.

The GDP is $21.3 trillion.

GDP ($21 trillion, PPP)
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9. China

China's economy has grown rapidly over the last few decades, surpassing the limitations of a planned communist economy to become a major hub for exports and manufacturing worldwide. China is regarded as the world's factory due to its strong exporting and manufacturing skills. In recent years, manufacturing has decreased in relation to GDP per capita, while the service sector has grown in importance.

China continues to be strong in comparison to other nations, notwithstanding the recent slowdown in GDP. China has the largest economy in terms of GDP, with $27.3 trillion (PPP) in 2019. In 2023, China's GDP (PPP) is expected to reach $37.06 trillion.

The GDP is $14.2 trillion.
GDP: $27.3 trillion (PPP)
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10. Japan

With $5.2 trillion in 2019, the Japanese economy came in third place based on nominal GDP projections. Similar to China, Japan saw a notable boom in the 1960s, 1970s, and 1980s prior to 1990. However, the Japanese economy's growth slowed down following that. The Bank of Japan's loose monetary policy is anticipated to provide the economy with further impetus as the 2020 Olympics approach.


By the end of this fiscal year, Japan's nominal GDP, which is currently $4.97 trillion, is predicted to have grown to $5.18 trillion. When comparing GDP by PPP surplus, Japan comes in at number four with a GDP (PPP) of $5,594 billion USD in 2018 and an average GDP per capita of $33,306 USD (24th rank).

The GDP nominally is $5.18 trillion.
GDP ($5.75 trillion, PPP)


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