Get insights into the top 10 largest economies in 2024, and learn about the global economy's growth as the world propels itself towards a prosperous future
GDP serves as a key metric for assessing the magnitude of a nation's economy. The conventional approach for gauging a country's GDP involves the expenditure method, wherein the total is derived by aggregating expenditure on fresh consumer goods, new investments, government outlays, and the net value of exports. This article aims to provide insight into the ten largest economies in the world in 2024, arranged by their GDP.
Also Read: The top 10 richest people in the world in 2024
Which are the top 5 countries by GDP in the world? The US, China, Germany, Japan and India, respectively, hold those positions in 2024.
Now, let’s take a look at the top 10 largest economies/ richest countries in the world in 2024, sourced from IMF data (as of November 4, 2024):
Rank & Country | GDP (USD) | 2024 Projected Real GDP (% Change) | GDP Per Capita (Current Prices) (USD) |
---|---|---|---|
#1 United States (U.S) | $29.17 trillion |
2.8% |
$86.6 thousand |
#2 China | $18.27 trillion |
4.8% |
$12.97 thousand |
#3 Germany | $4.71 trillion |
0% |
$55.52 thousand |
#4 Japan | $4.07 trillion |
0.3% |
$32.86 thousand |
#5 India | $3.89 trillion |
7% |
$2.7 thousand |
#6 United Kingdom (U.K.) | $3.59 trillion |
1.1% |
$52.42 thousand |
#7 France | $3.17 trillion |
1.1% |
$48.01 thousand |
#8 Italy | $2.38 trillion |
0.7% |
$40.29 thousand |
#9 Canada | $2.21 trillion |
1.3% |
$53.83 thousand |
#10 Brazil | $2.19 trillion |
3% |
$10.3 thousand |