The United States remains the leader among the Largest Economies in the World, followed by China, Germany, Japan, and India. The projected growth rates reflect differing economic conditions, with India showing the highest growth rate among the top five. In contrast, Germany’s economy is expected to experience minimal growth. Here’s a detailed breakdown of GDP, growth rates, and GDP per capita for these nations.
Largest Economies in the World in 2024
| Rank | Country | GDP (USD) |
|---|---|---|
| #1 | United States | $28.78 trillion |
| #2 | China | $18.53 trillion |
| #3 | Germany | $4.59 trillion |
| #4 | Japan | $4.11 trillion |
| #5 | India | $3.94 trillion |
1. United States
As of 2024, the United States remains the world’s largest economy, leading with remarkable economic figures. Below is a breakdown of key metrics that highlight its global economic dominance:
Rank: The United States retains the #1 position as the world’s largest economy, underscoring its consistent economic strength.
GDP (USD): With a Gross Domestic Product of $28.78 trillion, the U.S. demonstrates its vast economic output, driven by its diversified industries including technology, finance, and healthcare.
2024 Projected Real GDP Growth: The U.S. economy is projected to grow by 2.6%, which reflects solid economic performance in a developed market. This steady growth indicates the country’s resilience and stability in various sectors.
GDP Per Capita (USD): With a per capita GDP of $85.37 thousand, the U.S. maintains a high standard of living. This is supported by a robust consumer market, technological innovation, and a well-established services sector.
The United States continues to play a critical role in shaping global markets through its leadership in technology, finance, and innovation, and its influence remains paramount across international trade and economic policies.
| Country | United States |
|---|---|
| Rank | #1 |
| GDP (USD) | $28.78 trillion |
| 2024 Projected Real GDP (% Change) | 2.6% |
| GDP Per Capita (USD) | $85.37 thousand |
2. China
As of 2024, China remains a dominant force in the global economy, securing its position as the second-largest economy in the world. The following metrics highlight its economic performance:
Rank: China is positioned as the #2 economy, highlighting its rapid growth and significant influence on international markets.
GDP (USD): The country’s Gross Domestic Product stands at $18.53 trillion, showcasing substantial economic output driven by robust manufacturing, technological advancements, and a burgeoning consumer market.
2024 Projected Real GDP Growth: The economy is expected to grow by 5.0%, reflecting strong momentum as it recovers from previous challenges and adjusts to evolving global dynamics.
GDP Per Capita (USD): With a per capita GDP of $13.14 thousand, China is experiencing improvements in living standards, though income disparities persist across various regions.
China continues to play a vital role in global trade and investment, significantly impacting international supply chains and economic policies.
| Country | China |
| Rank | #2 |
| GDP (USD) | $18.53 trillion |
| 2024 Projected Real GDP (% Change) | 5.0% |
| GDP Per Capita (USD) | $13.14 thousand |
3. Germany
As of 2024, Germany continues to be a leading economy in Europe and ranks as the third-largest economy globally. The following metrics highlight its economic performance:
Rank: Germany holds the #3 position among the world’s largest economies, showcasing its economic stability and influence within the European Union.
GDP (USD): The country’s Gross Domestic Product is $4.59 trillion, reflecting its strong industrial base and a highly developed export sector.
2024 Projected Real GDP Growth: The German economy is projected to grow by 0.2%, indicating modest growth amid global economic uncertainties.
GDP Per Capita (USD): With a per capita GDP of $54.29 thousand, Germany maintains a high standard of living, supported by a skilled workforce and a robust services sector.
Germany plays a crucial role in the European economy and is a key player in global trade, particularly in the manufacturing and engineering sectors.
| Country | Germany |
| Rank | #3 |
| GDP (USD) | $4.59 trillion |
| 2024 Projected Real GDP (% Change) | 0.2% |
| GDP Per Capita (USD) | $54.29 thousand |
4. Japan
As of 2024, Japan continues to be a significant player in the global economy, ranking as the fourth-largest economy in the world. Below are key metrics that illustrate its economic performance:
Rank: Japan holds the #4 position globally, reflecting its longstanding economic stability and technological innovation.
GDP (USD): The country’s Gross Domestic Product is $4.11 trillion, supported by its advanced manufacturing sector and strong consumer market.
2024 Projected Real GDP Growth: The Japanese economy is projected to grow by 0.7%, indicating a cautious recovery amid demographic challenges and global economic shifts.
GDP Per Capita (USD): With a per capita GDP of $33.14 thousand, Japan maintains a high standard of living, although it faces challenges related to an aging population.
Japan continues to influence global markets through its technological advancements and strong industrial base.
| Country | Japan |
| Rank | #4 |
| GDP (USD) | $4.11 trillion |
| 2024 Projected Real GDP (% Change) | 0.7% |
| GDP Per Capita (USD) | $33.14 thousand |
5. India
As of 2024, India continues to emerge as a major economic force, ranking as the fifth-largest economy in the world. The following metrics illustrate its economic performance:
Rank: India is positioned as the #5 economy, demonstrating its rapid growth and increasing influence on global markets.
GDP (USD): The country’s Gross Domestic Product stands at $3.94 trillion, driven by a diverse economy that includes agriculture, manufacturing, and services.
2024 Projected Real GDP Growth: The Indian economy is projected to grow by 7.0%, indicating strong growth prospects as it capitalizes on its young workforce and expanding consumer base.
GDP Per Capita (USD): With a per capita GDP of $2.73 thousand, India still faces challenges regarding income inequality, but it is making significant strides in improving living standards.
India plays a vital role in global trade and investment, increasingly attracting foreign direct investment and shaping international economic policies.
| Country | India |
| Rank | #5 |
| GDP (USD) | $3.94 trillion |
| 2024 Projected Real GDP (% Change) | 7.0% |
| GDP Per Capita (USD) | $2.73 thousand |
This overview provides a snapshot of India’s key economic indicators in 2024.
Next 15 Economies: GDP Overview (2024)
The following table summarizes the GDP of the next 15 largest economies in the world:
| Rank | Country | GDP (USD) |
|---|---|---|
| 6 | United Kingdom (U.K.) | $3.5 trillion |
| 7 | France | $3.13 trillion |
| 8 | Brazil | $2.33 trillion |
| 9 | Italy | $2.33 trillion |
| 10 | Canada | $2.24 trillion |
| 11 | Russia | $2.06 trillion |
| 12 | Mexico | $2.02 trillion |
| 13 | Australia | $1.79 trillion |
| 14 | South Korea | $1.76 trillion |
| 15 | Spain | $1.65 trillion |
| 16 | Indonesia | $1.48 trillion |
| 17 | Netherlands | $1.14 trillion |
| 18 | Türkiye | $1.11 trillion |
| 19 | Saudi Arabia | $1.11 trillion |
| 20 | Switzerland | $938.46 billion |
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