The Top 25 Economies in the World (2022)

Gross domestic product (GDP) is an estimate of the total value of finished goods and services produced within a country’s borders during a specified period, usually a year. GDP is popularly used to estimate the size of a country’s economy.

GDP is most commonly measured by using the expenditure method, which calculates GDP by adding up spending on new consumer goods, new investment spending, government spending, and the value of net exports (exports minus imports).

Throughout most of the world, countries’ GDPs fluctuate with the phases of different economic cycles, against a backdrop of longer-term economic growth over time; however, it’s interesting to see that despite these ups and downs, the top economies as measured by GDP don’t budge easily from the positions that they hold.

Compared to the top 25 economies in 2000, our research has found that only two countries in the top 25—Thailand and Indonesia—weren’t there before. That said, there have been some big movers within the list.

China was in 13th place in 2000 and has been sitting in second place since 2010 . Further down the list, Indonesia, one of the two aforementioned newcomers to the list, vaulted forward from the 27th largest economy in 2000, currently sitting at 16, while Thailand leaped from 32nd and now sits at 24. In 2021, Saudi Arabia climbed from 20th to 18th, while Switzerland fell from 18th to 20th.

2021 is the most recent annual data available for these countries, which shows that countries began to recover from the COVID-19 pandemic, which had a major impact on economies around the world. Because Covid resulted in slashed energy prices, cratered tourism, lower trade volumes, and shuttered stores due to quarantines, countries experienced record-breaking declines in GDP in 2020.

The vast majority of the top 25 countries experienced negative GDP growth in 2020, but 2021 GDP numbers have shown a recovery from 2020.

Key Takeaways

  • Gross domestic product (GDP) is the total value of finished goods and services produced within a country’s borders during a specified period.
  • There are different ways to measure GDP, such as nominal GDP, real GDP, GDP per capita, and purchasing power parity.
  • The U.S. has the largest GDP in the world and China has the second largest.

Measuring GDP

This article mentions several popular ways to measure GDP, all of which are drawn from the World Bank database:

  • Nominal GDP in Current U.S. Dollars: This is the most basic and common way of measuring and comparing GDP among countries, using local prices and currencies converted into U.S. dollars by using currency market exchange rates.This is the number that was used to determine the countries’ rankings in the top 25 list.
  • Purchasing Power Parity (PPP) Adjusted GDP in Current International Dollars: This is an alternative way of comparing nominal GDP among countries, adjusting currencies based on what basket of goods they could buy in those countries rather than currency exchange rates. This is a way to adjust for the difference in the cost of living among countries.
  • GDP Growth: This is the annual percentage growth rate of nominal GDP in local prices and currencies, which estimates how fast a country’s economy is growing.
  • GDP Per Capita, in Current U.S. Dollars: This is nominal GDP divided by the number of people in a country. GDP per capita measures how much a country’s economy produces per person, rather than in total. This can also act as a very rough measure of income or standard of living for individuals living in a country.

Throughout this list and article, the term GDP refers to nominal GDP in current U.S. dollars unless otherwise specified.

Top 10 Countries by Nominal GDP at Current U.S. Dollar Exchange Rates
CountryNominal GDP (in trillions)PPP Adjusted GDP (in trillions)Annual Growth (%)GDP Per Capita
United States$23.0$23.05.7%$69,287
China$17.7$27.38.1%$12,556
Japan$4.9$5.41.6%$39,285
Germany$4.2$4.82.9%$50,801
United Kingdom$3.2$3.37.4%$47,334
India$3.2$10.28.9%$2,277
France$2.9$3.47.0%$43,518
Italy$2.1$2.76.6%$35,551
Canada$2.0$2.04.6%$52,051
South Korea$1.8$2.44.0%$34,757

1. United States

  • 2021 Nominal GDP in Current U.S. Dollars: $23.00 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$23.00 trillion
  • 2021 GDP Growth: 5.7%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $69,287

The United States’ economy is the largest in the world as measured by nominal GDP. The biggest contributor to that GDP is the economy’s service sector, which includes finance, real estate, insurance, professional and business services, and healthcare.

The United States has a relatively open economy, facilitating flexible business investment and foreign direct investment in the country. It is the world’s dominant geopolitical power and is able to maintain a large external national debt as the producer of the world’s primary reserve currency.

(Video) TOP 25 WORLD'S BIGGEST ECONOMIES - 2050 PROJECTED GDP

The U.S. economy is at the forefront of technology in many industries, but it faces rising threats in the form of economic inequality, rising healthcare and social safety net costs, and deteriorating infrastructure.

2. China

  • 2021 Nominal GDP in Current U.S. Dollars: $17.73 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$27.31 trillion
  • 2021 GDP Growth: 8.1%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $12,556

China has the world’s second-largest nominal GDP in current dollars and the largest in terms of PPP. With annual growth that consistently outpaces that of the United States, China may be on track to become the largest economy in the world by nominal GDP in the years to come.

As China has progressively opened its economy over the past four decades, economic development and living standards have greatly improved. As the government has gradually phased out collectivized agriculture and industry, allowed greater flexibility for market prices, and increased the autonomy of businesses, foreign and domestic trade and investment have taken off.

Coupled with an industrial policy that encourages domestic manufacturing, this has made China the world’s number one exporter. Despite these advantages, China faces some significant challenges, such as a rapidly aging population and severe environmental degradation.

3. Japan

  • 2021 Nominal GDP in Current U.S. Dollars: $4.94 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$5.40 trillion
  • 2021 GDP Growth: 1.6%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $39,285

Japan is the third-largest economy in the world. Its GDP crossed the $5 trillion mark in 2018. Strong cooperation between government and industry and advanced technological know-how have built Japan’s manufacturing and export-oriented economy. Many major Japanese businesses are organized as networks of interlinked companies known as keiretsu.

After the Lost Decade of the 1990s and the impact of the global Great Recession, Japan has seen an uptick in growth in recent years under the policies of former Prime Minister Shinzo Abe; however, Japan is poor in natural resources and dependent on energy imports, especially after the general shutdown of its nuclear power industry following the 2011 Fukushima disaster. Japan has also struggled with a rapidly aging population.

4. Germany

  • 2021 Nominal GDP in Current U.S. Dollars: $4.22 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$4.82 trillion
  • 2021 GDP Growth: 2.9%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $50,801

Fourth among world economies is Germany. Germany is also Europe’s largest economy.

Germany is a top exporter of vehicles, machinery, chemicals, and other manufactured goods and has a highly skilled workforce. Germany, however, faces some demographic challenges to its economic growth. Its low fertility rate makes replacing its aging workforce more difficult, and its high levels of net immigration strain its social welfare system.

5. The United Kingdom

  • 2021 Nominal GDP in Current U.S. Dollars: $3.19 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$3.34 trillion
  • 2021 GDP Growth: 7.4%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $47,334

The United Kingdom has the fifth-largest economy in the world.

The U.K. economy is driven by its large service sector, particularly in finance, insurance, and business services. The nation’s extensive trading relationship with continental Europe has been greatly complicated by the resolution of Brexit subsequent to the 2016 vote to leave the European Union (EU). As of Jan. 31, 2020, the U.K. is officially not a member of the EU, but contentious negotiations over trade relations between the two are ongoing.

6. India

  • 2021 Nominal GDP in Current U.S. Dollars: $3.17 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$10.22 trillion
  • 2021 GDP Growth: 8.9%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $2,277

India is the sixth-largest economy in the world. Because of its large population, India has the lowest per-capita GDP on this list.

India’s economy is a mixture of traditional village farming and handicrafts alongside booming modern industry and mechanized agriculture. India is a major exporter of technology services and business outsourcing, and the service sector makes up a large share of its economic output.

Liberalization of India’s economy since the 1990s has boosted economic growth, but inflexible business regulation, widespread corruption, and persistent poverty pose challenges to ongoing expansion.

7. France

  • 2021 Nominal GDP in Current U.S. Dollars: $2.94 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$3.42 trillion
  • 2021 GDP Growth: 7.0%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $43,518

France has the seventh-largest GDP in the world. Tourism is an important industry, and France receives the most visitors of any country each year.

France is a mixed economy that has many private and semi-private businesses across a diverse range of industries. However, there is still heavy government involvement in certain key sectors, such as defense and electrical power generation.

The French government’s commitment to economic intervention in favor of social equality also creates some challenges for the economy, such as a rigid labor market with high unemployment and a large public debt relative to other advanced economies.

(Video) Top 20 Country GDP (PPP) History & Projection (1800-2040)

8. Italy

  • 2021 Nominal GDP in Current U.S. Dollars: $2.10 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$2.71 trillion
  • 2021 GDP Growth: 6.6%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $35,551

The world’s eighth-largest GDP belongs to Italy. It is also the eurozone’s third-largest economy.

Italy’s economy and level of development vary notably by region, with a more developed, industrial economy in the north and underdeveloped southern regions. Italy faces persistently sluggish economic growth due to a very high public debt, an inefficient court system, a weak banking sector, an inefficient labor market with chronically high youth unemployment, and a large underground economy.

9. Canada

  • 2021 Nominal GDP in Current U.S. Dollars: $1.99 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$1.99 trillion
  • 2021 GDP Growth: 4.6%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $52,051

Canada is the world’s ninth-largest economy. Canada has a well-developed energy extraction sector, with the world’s third-largest proven oil reserves. Canada also has impressive manufacturing and service sectors, based mostly in urban areas near the U.S. border.

Canada’s free trade relationship with the United States means that three-quarters of Canadian exports head to the U.S. market each year. Canada’s close ties to the United States mean that it has developed largely in parallel to the world’s largest economy.

10. South Korea

  • 2021 Nominal GDP in Current U.S. Dollars: $1.80 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$2.43 trillion
  • 2021 GDP Growth: 4.0%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $34,757

Rounding out the top 10 economies in the world by GDP is South Korea.

South Korea’s economy is a 20th-century success story that is today firmly established as an advanced, industrial economy. Known for its strategy of export-led growth and the dominance of its chaebols (large business conglomerates), South Korea in recent decades has built a network of free trade agreements covering 58 countries that account for more than three-quarters of the world’s GDP. It is a major producer and exporter of electronics, telecommunications equipment, and motor vehicles.

With this progress, however, South Korea also now faces some of the same challenges that many other advanced economies are dealing with, including slower growth and an aging workforce.

11. Russia

  • 2021 Nominal GDP in Current U.S. Dollars: $1.78 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$4.78 trillion
  • 2021 GDP Growth: 4.8%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $12,172

Russia is the world’s 11th largest economy.

Russia has moved toward a more market-based economy over the 30 years since the collapse of the Soviet Union, but government ownership of and intervention in business is still common. As a leading exporter of oil and gas, as well as other minerals and metals, Russia’s economy is highly sensitive to swings in world commodity prices.

In 2022, Russia launched an invasion against its neighbor, Ukraine. As a result of its actions, the country was hit by many sanctions and other economic punishments, which are expected to greatly hurt its economy in 2022 and beyond.

12. Brazil

  • 2021 Nominal GDP in Current U.S. Dollars: $1.61 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$3.44 trillion
  • 2021 GDP Growth: 4.6%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $7,518

Brazil is the 12th largest economy in the world and the largest in South America. Brazil’s diversified economy runs the gamut from heavy industries, such as aircraft and automotive production, to mineral and energy resource extraction. It also has a large agricultural sector that makes it a major exporter of coffee and soybeans.

Brazil emerged from a severe recession in 2017 and suffered a series of high-level corruption scandals along the way. In the wake of these events, Brazil instituted a series of major economic reforms intended to rein in public spending and debt, invest in energy infrastructure, lower barriers to foreign investment, and improve labor market conditions.

13. Australia

  • 2021 Nominal GDP in Current U.S.: $1.54 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$1.44 trillion
  • 2021 GDP Growth: 1.5%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $59,934

Australia is the 13th largest economy in the world

Australia combines a relatively open domestic economy with an extensive network of free trade agreements with trading partners all around the Asia-Pacific Rim. This works to the advantage of Australia’s abundant natural resources and agricultural export industries; however, it has also left Australia vulnerable to swings in world commodity demand and prices in energy (coal and natural gas), metals (iron ore and gold), and agricultural products (beef and sheep products).

14. Spain

  • 2021 Nominal GDP in Current U.S. Dollars: $1.28 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$1.79 trillion
  • 2021 GDP Growth: 5.1%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $27,056

Spain's GDP makes it the 14th largest economy in the world.

Spain’s economy suffered severely during the Great Recession, with unemployment soaring above 25% and a rising national debt despite attempts at fiscal austerity. It has recovered in recent years as moderating inflation and labor costs have encouraged foreign investment and increased the competitiveness of Spain’s exports, including manufactured machinery and foodstuffs. However, political instability has hindered the government’s ability to sustain further economic reforms.

(Video) TOP 25 : Largest Economies In The World

15. Mexico

  • 2021 Nominal GDP in Current U.S. Dollars: $1.29 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$2.61 trillion
  • 2021 GDP Growth: 4.8%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $9,926

Mexico is the 15th largest economy in the world.

Over the past three decades, Mexico has emerged as a manufacturing economy under a series of free trade agreements with the United States, Canada, and 44 other countries. Many major U.S. manufacturers have integrated supply chains with counterparts or operations in Mexico. Mexico supports a variety of exports, including consumer electronics, vehicles, and auto parts, as well as petroleum and agricultural products.

The international drug trade constitutes an ongoing challenge to Mexico’s development, contributing directly to violence and corruption in the country. Weak legal institutions have made it difficult to regulate and integrate the large informal economy that employs more than half of Mexico’s workforce.

16. Indonesia

  • 2021 Nominal GDP in Current U.S. Dollars: $1.19 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$3.57 trillion
  • 2021 GDP Growth: 3.7%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $4,291

Indonesia is the world’s 16th largest economy.

Indonesia’s economy is the largest economy in Southeast Asia and is based largely on commodity export industries. Major exports include coal and petroleum products, in addition to agricultural commodities suitable for industrial use, such as rubber and palm oil. Indonesia's budget deficit for 2023 is targeted at 2.81% to 2.95% of GDP; however, regional inequality, lack of infrastructure, and governmental corruption remain problems for Indonesia’s rising economy.

17. Netherlands

  • 2021 Nominal GDP in Current U.S. Dollars: $1.03 trillion
  • 2021 PPP Adjusted GDP in Current International Dollars:$1.12 trillion
  • 2021 GDP Growth: 5.0%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $58,061

The Netherlands stands as the 17th largest economy in the world.

The Netherlands is a major commercial transportation hub, with some industrial manufacturing as well as petroleum extraction and processing. It has a highly developed agricultural sector and is the second-largest agricultural exporter in the world. The Netherlands has a large financial services sector, with assets four times the size of Dutch GDP.

18. Saudi Arabia

  • 2021 Nominal GDP in Current U.S. Dollars: $833.5 billion
  • 2021 PPP Adjusted GDP in Current International Dollars:$1.75 trillion
  • 2021 GDP Growth: 3.2%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $23,585

Saudi Arabia is the 18th largest economy in the world.

The Saudi economy is heavily based on oil and is the world’s largest oil exporter. The Saudi government owns and operates much of the country’s major industry through its oil company, Aramco; however, with global environmental concerns driving increasing interest in developing non-fossil fuel energy sources, the Saudis are looking to diversify their economy by encouraging more private investment in healthcare and other service industries.

The Saudi government has also begun to at least partially privatize Aramco, listing the company on the Saudi Stock Exchange through an initial public offering (IPO) in December 2019.

19. Turkey

  • 2021 Nominal GDP in Current U.S. Dollars: $815.27 billion
  • 2021 PPP Adjusted GDP in Current International Dollars:$2.60 trillion
  • 2021 GDP Growth: 11.0%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $9,586

Turkey is the 19th largest economy in the world.

Turkey has a largely open economy, with large industrial and service sectors. Major industries include electronics, petrochemicals, and automotive production. Political turmoil and involvement in regional armed conflicts have led to some financial and currency market instability and uncertainty about Turkey’s economic future in recent years.

20. Switzerland

  • 2021 Nominal GDP in Current U.S. Dollars: $812.90 billion
  • 2021 PPP Adjusted GDP in Current International Dollars:$672.54 billion
  • 2021 GDP Growth: 3.7%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $93,457

The Alpine nation of Switzerland is the 20th largest economy in the world.

Switzerland has a large service sector, including financial services, and a high-tech manufacturing sector served by a highly skilled labor force. High-quality legal, political, and economic institutions and solid physical infrastructure set the stage for a productive economy with one of the highest per-capita GDPs in the world.

21. Poland

  • 2021 Nominal GDP in Current U.S. Dollars: $674.05 billion
  • 2021 PPP Adjusted GDP in Current International Dollars:$1.42 trillion
  • 2021 GDP Growth: 5.7%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $17,840

Poland is the 21st largest economy in the world. Heavy industry, including iron and steel production, machinery manufacturing, shipbuilding, and coal mining, is an important part of Poland’s economy.

(Video) Top 20 Economies 2022 (Nominal GDP) updated

Poland’s business-friendly climate and sound macroeconomic policies allowed it to be the only EU country to avoid recession in the aftermath of the 2008 financial crisis. However, inefficient legal and regulatory structures and an aging population are challenges for Poland’s ongoing growth in the future.

22. Sweden

  • 2021 Nominal GDP in Current U.S. Dollars: $627.43 billion
  • 2021 PPP Adjusted GDP in Current International Dollars:$617.90 billion
  • 2021 GDP Growth: 4.8%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $60,239

Sweden is the 22nd largest economy in the world. Sweden is a competitive economy, with a high standard of living and a mix of free enterprise alongside a generous social welfare state. Sweden’s manufacturing economy relies heavily on foreign exports, including machinery, motor vehicles, and telecommunications.

Sweden has taken in a large number of new immigrants and thus faces a short- to medium-term challenge with integrating them into Swedish society and its labor market.

23. Belgium

  • 2021 Nominal GDP in Current U.S. Dollars: $599.88 billion
  • 2021 PPP Adjusted GDP in Current International Dollars:$682.88 billion
  • 2021 GDP Growth: 6.2%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $51,767

Belgium is the 23rd largest world economy. Belgium is a trade and transport hub that has a diversified economy with a mix of services, manufacturing, and high-tech industry.

Because of its deep integration with the rest of the European economy, Belgium is highly sensitive to swings in the overall economic performance of its neighbors. Belgium faces a high public debt burden relative to its GDP, which can constitute an obstacle to growth.

24. Thailand

  • 2021 Nominal GDP in Current U.S. Dollars: $505.98 billion
  • 2021 PPP Adjusted GDP in Current International Dollars:$1.34 trillion
  • 2021 GDP Growth: 1.6%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $7,233

Thailand is the 24th largest economy in the world.

The Thai economy enjoys relatively high-quality infrastructure, in addition to pro-free-enterprise and pro-investment policies. Thailand is highly dependent on exports, which account for about two-thirds of its GDP. Its main exports include electronics, agricultural products, motor vehicles and parts, and food products. Thailand also has a substantial international tourism industry. Its agricultural sector makes up approximately 10% of its economy but employs about 30% of its workers.

25. Ireland

  • 2021 Nominal GDP in Current U.S. Dollars: $498.56 billion
  • 2021 PPP Adjusted GDP in Current International Dollars:$535.28 billion
  • 2021 GDP Growth: 13.5%
  • 2021 Nominal GDP Per Capitain Current U.S. Dollars: $99,152

Last but certainly not least is Ireland, the 25th largest world economy.

A strong component of Ireland's economy is its export sector from foreign multinational corporations. Ireland has a low corporate tax of 12.5% and a pool of high-tech workers, making it an appealing place for foreign companies to set up shop and attractive for business investment. Due to international pressure, Ireland will implement more stringent tax laws. Its economy is supported by a strong export sector and job growth.

How Do You Calculate GDP?

Gross domestic product (GDP) is calculated as consumption (consumer spending) + government spending + investment (business spending) + net exports (exports - minus imports).

What Are the Top 5 Largest Economies?

The top-five largest economies in the world are the U.S., China, Japan, Germany, and the U.K., as measured by GDP.

What Country Has the Strongest Economy?

The U.S. has the strongest economy with the largest GDP in the world at $20.95 trillion.

FAQs

Which country has the best economy 2022? ›

1. United States. A number of factors contribute to the success of the United States.

Which country has the best economy 2021? ›

Ireland is the fastest-growing economy with 14.04%, followed by Chile (11.00%). Thailand has the lowest growth rate of 0.96%, followed by the United Arab Emirates (2.24%) and Japan (2.36%).
...
Projected GDP Ranking.
SourceInternational Monetary Fund World Economic Outlook (October - 2021)
Date26 Oct 2021

Which is the No 1 economy country in the world? ›

United States

Which country has the best future? ›

  • South Korea. #1 in Forward Thinking Rankings. ...
  • Singapore. #2 in Forward Thinking Rankings. ...
  • United States. #3 in Forward Thinking Rankings. ...
  • Japan. #4 in Forward Thinking Rankings. ...
  • Germany. #5 in Forward Thinking Rankings. ...
  • China. #6 in Forward Thinking Rankings. ...
  • United Kingdom. #7 in Forward Thinking Rankings. ...
  • Switzerland.

Which is the fastest-growing economy? ›

New Delhi, Aug 31 (PTI) India remains the world's fastest-growing economy, with GDP expanding 13.5 per cent in the April-June quarter, the quickest pace in a year, but rising interest costs and the looming threat of recession in major world economies could slow the momentum in coming quarters.

Which is strongest economy in world? ›

With a GDP of 23.0 trillion USD, the USA is by far the world's largest economy in this ranking for 2021. It is followed by China in second place with a GDP of 17.7 trillion USD. Canada is also quite far ahead in the international comparison and occupies the ninth place in this ranking.

Which country is growing the fastest? ›

The shores of Nauru. You might have never heard of Nauru—a tiny island in the South Pacific Ocean—which was the fastest-growing economy on Earth until a decade ago.
...
Advertisement.
RegionGuyana
202043.5
202119.9
202247.2
5-Year Avg. GDP %24.1
61 more columns
15 Jun 2022

What is the most free country? ›

2022 rankings

In the 2022 index, New Zealand is ranked most free overall, while North Korea is last. Hong Kong was ranked most free in economic liberty, while Norway was ranked most free in the social liberty category.

Which is the fastest growing economy in the world 2022? ›

Saudi Arabia will be the world's fastest-growing major economy in 2022, outperforming the dynamic Asian giants of China, India, Indonesia and South Korea, as well as the struggling G7 and other major emerging economies.

Which is the 5th largest economy in the world? ›

"Recently, India has become the fifth largest economy in the world. This achievement gave us confidence to work even harder and achieve bigger goals in this Amrit Kaal.

Is Israel a First World country? ›

It can be defined succinctly as Europe, plus the richer countries of the former British Empire (USA, Canada, Australia, Singapore, New Zealand), Israel, Japan, South Korea, and Taiwan.

Is Russia a first world country? ›

Definition of First World

Modern journalists using the term First World countries are typically describing the most industrialized nations. This includes all of the major actors on both sides of the Cold War: the United States, Russia, China, United Kingdom, France, Germany, Spain, Australia, and more.

Which state has the strongest economy? ›

Here are the 10 states with the highest GDP:
  • California - 3,120,386 million.
  • Texas - 1,772,132 million.
  • New York - 1,705,127 million.
  • Florida - 1,111,614 million.
  • Illinois - 875,671 million.
  • Pennsylvania - 788,500 million.
  • Ohio - 683,460 million.
  • Washington - 632,013 million.

Who are the 5 superpowers in the world? ›

These countries project their influence on the world stage.
...
  • United States. #1 in Power. ...
  • China. #2 in Power. ...
  • Russia. #3 in Power. ...
  • Germany. #4 in Power. ...
  • United Kingdom. #5 in Power. ...
  • Japan. #6 in Power. ...
  • France. #7 in Power. ...
  • South Korea.

Which country is best for living? ›

  • Canada. #1 in Quality of Life. #1 in Best Countries Overall. ...
  • Denmark. #2 in Quality of Life. #12 in Best Countries Overall. ...
  • Sweden. #3 in Quality of Life. ...
  • Norway. #4 in Quality of Life. ...
  • Switzerland. #5 in Quality of Life. ...
  • Australia. #6 in Quality of Life. ...
  • Netherlands. #7 in Quality of Life. ...
  • Finland. #8 in Quality of Life.

What's the best country to raise a family in? ›

Here are the Best Countries for Raising Kids in 2021
  • Denmark.
  • Sweden.
  • Norway.
  • Netherlands.
  • Canada.
  • Finland.

Who will rule the world in 2050? ›

1. China. And, to one's surprise, China will be the most powerful economy in the world in 2050. But this did not take PwC to come up with this conclusion.

Which country will be the richest in 2050? ›

1. China. China will take its place as the first richest country among the top 10 richest countries in the World.

Which is the most developed country? ›

The United States was the richest developed country on Earth in 2020, with a total GDP of $20.95 trillion. China was the richest developing country on Earth in 2020, with a total GDP of $14.72 trillion.

Is the UK a rich country? ›

This is why, in the long run, it is better not only to be rich but to be egalitarian as well.
...
Advertisement.
RankCountryGDP-PPP ($)
25Bahrain57,424
26France56,036
27Saudi Arabia55,368
28United Kingdom55,301
143 more rows
1 Aug 2022

Is Turkey a rich country? ›

The World Bank classifies Turkey as an upper-middle income country in terms of the country's per capita GDP.

What's the fastest religion in the world? ›

Studies in the 21st century suggest that, in terms of percentage and worldwide spread, Islam is the fastest-growing major religion in the world.

Which country population is decreasing? ›

The Top 20
RankCountryDecline 2020-2050
1Bulgaria22.5%
2Lithuania22.1%
3Latvia21.6%
4Ukraine19.5%
6 more rows
21 Jul 2022

Which country has negative GDP? ›

16 economies have shown negative growth rate between 2013 to 2017. Libya is at bottom in this list. Other notable economies having negative number are : Venezuela, Ukraine, Brunei Darussalam, Macao SAR, Greece and Kuwait.

Which country has best human rights? ›

Best Countries Rankings
  • #1. Canada.
  • #2. Japan.
  • #3. Germany.
  • #4. Switzerland.
  • #5. Australia.
16 Jun 2021

What is the top 10 best country? ›

The top 10 best countries, according to this study, are Switzerland, Canada, Japan, Germany, Australia, United Kingdom, United States, Sweden, the Netherlands, and Norway.

What are the 5 fastest growing countries? ›

China, Vietnam, Uganda, Indonesia, and India are projected to be among the fastest-growing economies to 2030. That is the conclusion of researchers at the Growth Lab at Harvard University who presented new growth projections in the Atlas of Economic Complexity.

Which country has the strongest economy in Europe? ›

GDP of European countries in 2021. With a Gross Domestic Product of over 3.57 trillion Euros, the German economy was by far the largest in Europe in 2021. The similar-sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain.

What is the fastest growing country in Asia? ›

Real GDP Growth Rates in Asia
RankCountryGDP growth rate (%)
1Philippines6.9
2Bangladesh8.13
3Nepal7.9
3Bhutan7.4
41 more rows

Is India richer than UK? ›

"Proud moment for India to pip the U.K., our colonial ruler, as the 5th largest economy: India $3.5 trillion vs UK $3.2 trillion. But a reality check of population denominator: India: 1.4 billion vs UK 0.068 billion. Hence, per capita GDP we at $2,500 vs $47,000.

Is India a rich country? ›

According to McKinsey & Co, the top richest countries in the world are—China, the United States, Germany, France, the United Kingdom, Canada, Australia, Japan, Mexico, and Sweden.
...
List Of Richest Countries In The World 2022.
CountryEconomy
India:$3.18 trillion
France:$ 3.06 trillion
Italy:$2.058 trillion
Canada:$1.99 trillion
6 more rows
18 Jun 2022

Is Italy a rich country? ›

Asian countries such as China and India showed the highest uptick in wealth gains, holding their #2 and #3 spots on the list, while European countries such as France and Italy actually saw a decrease.
...
Ranked: The Richest Countries in the World.
Rank#10
CountryItaly
Private Wealth in $USD (2018)$3.8 trillion
10-yr change (%)-14%
9 more columns
24 May 2019

Why is Israel so rich? ›

Israel has a technologically advanced market economy with cut diamonds, high-technology equipment and pharmaceuticals among its major exports. The country is very highly developed in terms of life expectancy, education, per capita income and other human development index indicators.

What are the 7 oldest countries in the world? ›

7 oldest countries in the world
  • Japan – 660 BCE. Although often disputed, 660 BCE is said to be the year when Japan came into existence. ...
  • China – 221 BCE. ...
  • San Marino – 301 CE. ...
  • France – 843 CE. ...
  • Hungary – 1000 CE. ...
  • Egypt – 3500 BC. ...
  • Greece – 3000 BC.

Is Russia a 3rd world country? ›

By the first definition, some examples of second world countries include: Bulgaria, the Czech Republic, Hungary, Poland, Romania, Russia, and China, among others.

Which country is the fastest growing economy in the world 2022? ›

Saudi Arabia will be the world's fastest-growing major economy in 2022, outperforming the dynamic Asian giants of China, India, Indonesia and South Korea, as well as the struggling G7 and other major emerging economies.

Which country will be the richest in 2025? ›

Russia-Ukraine War Economic Impact - Analysis & Special Reports. We forecast Luxembourg to be the world's wealthiest economy in 2025 in nominal GDP terms (at market exchange rates).

Which country has highest GDP growth in 2022? ›

Economic growth forecast, 2022 - Country rankings:

The average for 2022 based on 186 countries was 3.62 percent. The highest value was in Guyana: 47.22 percent and the lowest value was in Ukraine: -35 percent.

Which country has the strongest economy? ›

With a GDP of 23.0 trillion USD, the USA is by far the world's largest economy in this ranking for 2021. It is followed by China in second place with a GDP of 17.7 trillion USD. Canada is also quite far ahead in the international comparison and occupies the ninth place in this ranking.

Which country will be the richest in 2050? ›

1. China. China will take its place as the first richest country among the top 10 richest countries in the World.

Which country will be superpower in 2050? ›

China will emerge as the world's preeminent superpower, on the strength of its understanding of the future operating environment in 2050, as well as possession of the requisite resources to support its ambitions.

What are the 5 fastest growing countries? ›

China, Vietnam, Uganda, Indonesia, and India are projected to be among the fastest-growing economies to 2030. That is the conclusion of researchers at the Growth Lab at Harvard University who presented new growth projections in the Atlas of Economic Complexity.

Who are the 5 superpowers in the world? ›

These countries project their influence on the world stage.
...
  • United States. #1 in Power. ...
  • China. #2 in Power. ...
  • Russia. #3 in Power. ...
  • Germany. #4 in Power. ...
  • United Kingdom. #5 in Power. ...
  • Japan. #6 in Power. ...
  • France. #7 in Power. ...
  • South Korea.

Who is the fastest growing country in the world? ›

And with the war in Ukraine and oil prices at a 10-year high, this year Guyana is set to maintain its status as the world's fastest-growing economy for the third year in a row, with a GDP growth rate of over 47%.

Which country will rule the world in 2030? ›

By 2030, India might lead the world in every category, a former top America's diplomat has said asserting that the two largest democracies of the world can do much together.

Which country has lowest GDP? ›

In 2021, Burundi reported the lowest per-capita GDP ever, closely-followed by South Sudan and Somalia.
...
The 20 countries with the lowest gross domestic product (GDP) per capita in 2021 (in U.S. dollars)
CharacteristicGDP per capita in U.S. dollars
Burundi272.14
12 more rows

What is the fastest growing country in Asia? ›

Real GDP Growth Rates in Asia
RankCountryGDP growth rate (%)
1Philippines6.9
2Bangladesh8.13
3Nepal7.9
3Bhutan7.4
41 more rows

Which country has the strongest economy in Europe? ›

GDP of European countries in 2021. With a Gross Domestic Product of over 3.57 trillion Euros, the German economy was by far the largest in Europe in 2021. The similar-sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain.

Which country is better to live in? ›

The UN reviewed nearly 200 countries under various factors, including life expectancy, education, gender equality, and financial wealth. Norway ranked highest in standard of living, life expectancy, and education, 13 times in a row.

What is the best country for living? ›

  • Canada. #1 in Quality of Life. #1 in Best Countries Overall. ...
  • Denmark. #2 in Quality of Life. #12 in Best Countries Overall. ...
  • Sweden. #3 in Quality of Life. ...
  • Norway. #4 in Quality of Life. ...
  • Switzerland. #5 in Quality of Life. ...
  • Australia. #6 in Quality of Life. ...
  • Netherlands. #7 in Quality of Life. ...
  • Finland. #8 in Quality of Life.

Which is most important country in the world? ›

  • United States. #1 in International Influence Rankings. ...
  • United Kingdom. #2 in International Influence Rankings. ...
  • China. #3 in International Influence Rankings. ...
  • Russia. #4 in International Influence Rankings. ...
  • Germany. #5 in International Influence Rankings. ...
  • France. #6 in International Influence Rankings. ...
  • Japan. ...
  • Italy.

Videos

1. Top 35 World's Biggest Economy - 2025 Projected GDP
(Future Cities)
2. Top 20 Economies by GDP 2021 (Updated)
(Dr. Top 10)
3. Top 25 Economies in the World – Countries with Highest GDP
(Pixel Data)
4. Most Powerful Economies in the World (1980-2026)
(Global Stats)
5. Top 20 Largest World Economies (1960-2100) - Nominal GDP
(Imperial Statistics)
6. TOP 25 WORLD'S BIGGEST ECONOMIES - 2030 PROJECTED GDP
(FactCheckTV18)

Top Articles

Latest Posts

Article information

Author: Patricia Veum II

Last Updated: 09/10/2022

Views: 5833

Rating: 4.3 / 5 (64 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Patricia Veum II

Birthday: 1994-12-16

Address: 2064 Little Summit, Goldieton, MS 97651-0862

Phone: +6873952696715

Job: Principal Officer

Hobby: Rafting, Cabaret, Candle making, Jigsaw puzzles, Inline skating, Magic, Graffiti

Introduction: My name is Patricia Veum II, I am a vast, combative, smiling, famous, inexpensive, zealous, sparkling person who loves writing and wants to share my knowledge and understanding with you.