World Ranking · Data for Every Country
Largest Economies in the World
Which economy tops the 2024 nominal GDP ranking?
The United States is the world's largest economy in 2024, with a nominal GDP of $29.02 trillion, ahead of China at $18.75 trillion. That gap of $10.27 trillion exceeds the combined GDP of Japan ($4.02 trillion), India ($3.91 trillion), and the United Kingdom ($3.67 trillion). The full table below ranks 100 countries by nominal GDP for the reference year 2024. Germany holds third place at $4.68 trillion, followed by Japan at $4.02 trillion and India at $3.91 trillion. The top five economies together account for 55.6% of the listed total, while the top ten represent 68.1%. The median GDP across the 100 countries is $274.2 billion, and the United States alone is 105.8 times that median.
What is GDP (nominal)?
Gross domestic product (GDP) is the total value of all final goods and services produced inside a country in a year. It is the standard measure of the size of an economy.
How it is measured. Calculated as the sum of gross value added by all resident producers, plus product taxes and minus subsidies not already counted in output. Nominal GDP is expressed in current US dollars, converted from national currency at official exchange rates, so it moves with both real activity and currency swings.
How to read it. A higher figure means a larger economy, not a richer population. Compare with GDP per capita for living standards, and with PPP GDP when exchange rates distort the picture.
Source: World Bank WDI. See our methodology.
Largest Economies in the World, 2024
| # | Country | GDP | GDP per Capita | GDP Growth |
|---|---|---|---|---|
| 1 | United States | $29.02T | $85,339 | 2.79% |
| 2 | China | $18.75T | $13,309 | 4.99% |
| 3 | Germany | $4.68T | $56,095 | -0.50% |
| 4 | Japan | $4.02T | $32,465 | 0.10% |
| 5 | India | $3.91T | $2,695 | 6.49% |
| 6 | United Kingdom | $3.67T | $52,947 | 1.11% |
| 7 | France | $3.16T | $46,145 | 1.15% |
| 8 | Italy | $2.38T | $40,305 | 0.71% |
| 9 | Canada | $2.24T | $54,436 | 1.55% |
| 10 | Brazil | $2.18T | $10,281 | 3.41% |
| 11 | Russia | $2.17T | $14,880 | 4.34% |
| 12 | South Korea | $1.88T | $36,239 | 2.00% |
| 13 | Mexico | $1.86T | $14,110 | 1.43% |
| 14 | Australia | $1.78T | $65,066 | 1.20% |
| 15 | Spain | $1.73T | $35,239 | 3.46% |
| 16 | Indonesia | $1.40T | $4,942 | 5.03% |
| 17 | Türkiye | $1.36T | $15,888 | 3.33% |
| 18 | Saudi Arabia | $1.24T | $35,122 | 2.00% |
| 19 | Netherlands | $1.21T | $67,605 | 1.08% |
| 20 | Switzerland | $937.4B | $104,340 | 1.33% |
| 21 | Poland | $916.2B | $25,039 | 2.98% |
| 22 | Belgium | $667.9B | $56,418 | 1.04% |
| 23 | Argentina | $637.8B | $13,747 | -1.34% |
| 24 | Ireland | $609.1B | $112,626 | 2.60% |
| 25 | Sweden | $603.7B | $57,069 | 0.82% |
| 26 | United Arab Emirates | $552.3B | $50,245 | 3.99% |
| 27 | Singapore | $547.4B | $90,674 | 4.39% |
| 28 | Israel | $541.3B | $54,235 | 0.91% |
| 29 | Austria | $529.4B | $57,738 | -0.82% |
| 30 | Thailand | $526.5B | $7,420 | 2.54% |
| 31 | Norway | $483.6B | $86,686 | 2.10% |
| 32 | Vietnam | $467.9B | $4,627 | 7.09% |
| 33 | Philippines | $461.6B | $4,032 | 5.69% |
| 34 | Bangladesh | $450.3B | $2,606 | 4.22% |
| 35 | Iran | $446.0B | $5,000 | 3.66% |
| 36 | Denmark | $424.5B | $71,120 | 3.48% |
| 37 | Malaysia | $422.2B | $12,247 | 5.11% |
| 38 | Colombia | $418.8B | $7,934 | 1.60% |
| 39 | Hong Kong | $406.9B | $54,159 | 2.50% |
| 40 | South Africa | $401.1B | $6,316 | 0.53% |
| 41 | Egypt | $386.1B | $3,454 | 2.40% |
| 42 | Romania | $382.7B | $20,145 | 0.87% |
| 43 | Pakistan | $371.5B | $1,526 | 2.78% |
| 44 | Czechia | $347.0B | $31,779 | 1.23% |
| 45 | Chile | $330.2B | $16,575 | 2.64% |
| 46 | Portugal | $310.9B | $29,089 | 2.03% |
| 47 | Finland | $298.7B | $53,218 | 0.41% |
| 48 | Peru | $291.9B | $8,551 | 3.30% |
| 49 | Kazakhstan | $291.5B | $14,307 | 4.90% |
| 50 | Iraq | $279.2B | $6,175 | -0.86% |
| 51 | Algeria | $269.2B | $5,763 | 3.70% |
| 52 | New Zealand | $259.3B | $49,022 | 0.36% |
| 53 | Greece | $256.7B | $24,671 | 2.18% |
| 54 | Nigeria | $252.2B | $1,084 | 4.06% |
| 55 | Hungary | $222.9B | $23,282 | 0.54% |
| 56 | Qatar | $219.4B | $73,842 | 2.36% |
| 57 | Ukraine | $190.7B | $5,554 | 2.91% |
| 58 | Morocco | $160.6B | $4,225 | 3.79% |
| 59 | Kuwait | $160.2B | $32,345 | -2.56% |
| 60 | Slovakia | $141.3B | $26,060 | 2.00% |
| 61 | Puerto Rico (US) | $125.9B | $39,478 | 3.20% |
| 62 | Ecuador | $124.7B | $6,907 | -2.00% |
| 63 | Dominican Republic | $124.4B | $11,209 | 4.95% |
| 64 | Kenya | $119.8B | $2,204 | 4.72% |
| 65 | Uzbekistan | $115.0B | $3,138 | 6.52% |
| 66 | Guatemala | $113.2B | $6,150 | 3.65% |
| 67 | Bulgaria | $112.8B | $17,515 | 3.10% |
| 68 | Angola | $108.1B | $2,850 | 4.42% |
| 69 | Oman | $107.0B | $20,172 | 1.65% |
| 70 | Sri Lanka | $99.0B | $4,420 | 5.01% |
| 71 | Costa Rica | $95.4B | $18,248 | 4.32% |
| 72 | Luxembourg | $93.3B | $138,269 | 0.36% |
| 73 | Croatia | $92.8B | $24,038 | 3.88% |
| 74 | Serbia | $89.6B | $13,612 | 3.91% |
| 75 | Côte d'Ivoire | $87.1B | $2,726 | 6.01% |
| 76 | Panama | $86.5B | $19,174 | 2.75% |
| 77 | Lithuania | $84.9B | $29,381 | 2.75% |
| 78 | Ghana | $82.6B | $2,398 | 5.64% |
| 79 | Uruguay | $81.0B | $23,546 | 3.11% |
| 80 | Tanzania | $79.0B | $1,201 | 5.49% |
| 81 | Belarus | $76.1B | $8,331 | 4.01% |
| 82 | Azerbaijan | $74.3B | $7,268 | 4.07% |
| 83 | Slovenia | $73.0B | $34,324 | 1.73% |
| 84 | Congo, Democratic Republic of | $72.7B | $686 | 6.29% |
| 85 | Myanmar | $67.9B | $1,241 | -1.05% |
| 86 | Turkmenistan | $60.0B | $8,633 | 4.66% |
| 87 | Uganda | $55.1B | $1,142 | 6.17% |
| 88 | Cameroon | $53.8B | $1,849 | 3.49% |
| 89 | Jordan | $53.4B | $4,655 | 2.49% |
| 90 | Tunisia | $52.1B | $4,236 | 1.63% |
| 91 | Bolivia, Plurinational State of | $50.9B | $4,121 | -0.20% |
| 92 | Macao | $49.8B | $72,456 | 8.33% |
| 93 | Libya | $48.4B | $6,782 | 1.91% |
| 94 | Bahrain | $47.1B | $29,654 | 2.60% |
| 95 | Cambodia | $46.2B | $2,655 | 6.00% |
| 96 | Zimbabwe | $45.3B | $2,695 | 1.74% |
| 97 | Paraguay | $44.5B | $6,436 | 4.25% |
| 98 | Latvia | $43.6B | $23,326 | -0.24% |
| 99 | Estonia | $43.1B | $31,424 | -0.09% |
| 100 | Nepal | $42.9B | $1,447 | 3.67% |
Reference year 2024; 100 countries. Sources: World Bank WDI. Values are current-year figures as published; the European Union aggregate is excluded.
Download the full table as CSV. Cite this page: GDPIndex, “Largest Economies in the World”, 2024, https://gdpindex.org/world/largest-economies/.
The top of the ranking
The top of the ranking
The five largest economies by nominal GDP in 2024 are the United States, China, Germany, Japan and India. The United States leads at USD 29.02 trillion, ahead of China at USD 18.75 trillion, a gap of USD 10.27 trillion. Germany ranks third at USD 4.68 trillion, Japan fourth at USD 4.02 trillion and India fifth at USD 3.91 trillion. The separation between first and second place exceeds the combined output of Germany and Japan, which total USD 8.70 trillion.
Growth profiles diverge sharply across the group. India records the fastest expansion at 6.49 per cent, followed by China at 4.99 per cent and the United States at 2.79 per cent. Germany contracts by 0.5 per cent, the only negative reading among the top five. Japan grows 0.1 per cent, the weakest positive figure in the group. The spread between India and Germany is 6.99 percentage points.
Income levels per head vary by a wider margin than aggregate output. United States GDP per capita stands at USD 85,339.42, against USD 13,308.55 for China and USD 2,694.74 for India. Germany records USD 56,095.32 and Japan USD 32,465.05. The United States figure is 31.7 times the Indian level and 6.4 times the Chinese level, reflecting population differences that aggregate GDP does not capture.
Concentration at the top of the list is substantial. The top five economies account for 55.6 per cent of the combined GDP of the 100 countries listed, and the top ten for 68.1 per cent. The United States alone represents 105.8 times the median GDP of USD 274.2 billion. The remaining 95 economies therefore hold 44.4 per cent of listed output between them.
Concentration and spread
Concentration at the top
The 100 listed economies had a median nominal GDP of USD 274.2 billion in 2024, against USD 29.02 trillion for the United States. The top economy was therefore 105.8 times the median. The top five economies alone, led by the United States at USD 29.02 trillion and China at USD 18.75 trillion, accounted for 55.6 per cent of the listed total. The top ten accounted for 68.1 per cent, leaving the remaining 90 economies to split 31.9 per cent.
The bottom of the list
The five smallest listed economies each recorded GDP below USD 46 billion. Nepal stood at USD 42.9 billion, Estonia at USD 43.1 billion, Latvia at USD 43.6 billion, Paraguay at USD 44.5 billion and Zimbabwe at USD 45.3 billion. The gap between the largest and smallest entry was USD 28.98 trillion. Per capita outcomes diverge within this group: Estonia recorded USD 31,423.63 and Latvia USD 23,325.91, while Nepal recorded USD 1,447.31 and Paraguay USD 6,435.84.
Growth across the spread
Real GDP growth varied independently of size. India, fifth at USD 3.91 trillion, grew 6.49 per cent, and China grew 4.99 per cent. Among the bottom five, Paraguay grew 4.25 per cent and Nepal 3.67 per cent, while Estonia contracted 0.09 per cent and Latvia 0.24 per cent. Germany, third at USD 4.68 trillion, contracted 0.5 per cent. Japan, fourth at USD 4.02 trillion, grew 0.1 per cent. Size and momentum were not aligned in 2024.
Per capita dispersion
- United States: USD 85,339.42 per capita, GDP USD 29.02 trillion.
- Australia: USD 65,066.43 per capita, GDP USD 1.78 trillion.
- Germany: USD 56,095.32 per capita, GDP USD 4.68 trillion.
- India: USD 2,694.74 per capita, GDP USD 3.91 trillion.
- Nepal: USD 1,447.31 per capita, GDP USD 42.9 billion.
Aggregate rank and per capita rank diverge. India ranked fifth by GDP at USD 3.91 trillion but recorded USD 2,694.74 per capita. Australia, fourteenth at USD 1.78 trillion, recorded USD 65,066.43 per capita, above Germany's USD 56,095.32. Across the 100 listed economies, output was concentrated at the top while per capita levels ranged from USD 1,447.31 to USD 85,339.42.
Caveats and alternative measures
Caveats and alternative measures
Nominal GDP rankings are denominated in current United States dollars, so exchange-rate movements alter positions without any change in underlying output. The brief lists 100 countries with a median nominal GDP of USD 274.2 billion, while the United States at USD 29.02 trillion is 105.8 times that median. A weaker dollar raises the dollar value of non-United States output and compresses the gap to the top. Germany at USD 4.68 trillion and Japan at USD 4.02 trillion sit 0.66 trillion apart, a margin smaller than typical annual currency swings.
Concentration in the upper ranks
The 15 largest economies account for the bulk of listed output. The top five alone represent 55.6 per cent of the total across the 100 listed countries, and the top ten represent 68.1 per cent. The United States holds USD 29.02 trillion against China at USD 18.75 trillion, a difference of USD 10.27 trillion. India, fifth at USD 3.91 trillion, is 13.5 per cent of the United States figure. Concentration of this scale means single-country revisions move aggregate totals more than changes among the 85 lower-ranked entries combined.
Price levels and per-capita outcomes
Nominal GDP does not measure living standards. India ranks fifth at USD 3.91 trillion but records GDP per capita of USD 2,694.74, against USD 85,339.42 for the United States, a ratio of roughly 32 to 1. Brazil at USD 2.18 trillion records USD 10,281.28 per capita, below the Russian Federation at USD 14,880.17 on a smaller USD 2.17 trillion economy. Purchasing power parity adjustments narrow such gaps by correcting for domestic price levels, which nominal figures ignore.
Growth and base effects
Real GDP growth varies independently of rank. India records 6.49 per cent growth on USD 3.91 trillion, while Germany contracts 0.5 per cent on USD 4.68 trillion. The Russian Federation grows 4.34 per cent at USD 2.17 trillion; Japan grows 0.1 per cent at USD 4.02 trillion. Lower-ranked entries include Paraguay at 4.25 per cent growth on USD 44.5 billion and Estonia at negative 0.09 per cent on USD 43.1 billion. Rankings reflect level, not momentum, and the two diverge across the list.
- Nominal GDP uses current USD; exchange-rate shifts change ranks without output changes.
- Top five share of listed total: 55.6 per cent; top ten: 68.1 per cent.
- United States GDP per capita USD 85,339.42 against India USD 2,694.74.
- Growth ranges from 6.49 per cent (India) to negative 0.5 per cent (Germany).
Frequently asked questions
What are the largest economies in the world by nominal GDP in 2024?
The largest economy in 2024 is the United States with a nominal GDP of $29.02 trillion, followed by China at $18.75 trillion. Germany ranks third at $4.68 trillion, while Japan ($4.02 trillion) and India ($3.91 trillion) complete the top five. These five countries account for 55.6% of the total GDP of the 100 economies listed. The median GDP across all 100 countries is $274.2 billion, and the US economy is 105.8 times larger than that median.
Which countries make up the top 10 largest economies?
The top 10 economies by nominal GDP in 2024 are the United States ($29.02 trillion), China ($18.75 trillion), Germany ($4.68 trillion), Japan ($4.02 trillion), India ($3.91 trillion), the United Kingdom ($3.67 trillion), France ($3.16 trillion), Italy ($2.38 trillion), Canada ($2.24 trillion), and Brazil ($2.18 trillion). Together, these 10 countries represent 68.1% of the total GDP of the 100 listed economies. The United States alone is 105.8 times the median GDP of $274.2 billion.
What is the GDP per capita of the world's largest economies?
GDP per capita varies widely among the largest economies. The United States has the highest at $85,339.42, followed by Australia at $65,066.43 and Germany at $56,095.32. In contrast, India has a GDP per capita of $2,694.74, and China $13,308.55. Among the top 15, India and Brazil ($10,281.28) have the lowest figures. The median GDP per capita for the 100 countries is not provided, but the range illustrates significant income disparities even among the largest economies.
Which top economies had the fastest or slowest growth in 2024?
Among the top 15 economies, India recorded the highest real GDP growth at 6.49%, followed by China at 4.99% and Russia at 4.34%. Germany was the only top 15 economy to contract, with a growth rate of -0.5%. Japan grew just 0.1%, and Italy 0.71%. The United States grew 2.79%, while the United Kingdom and France grew 1.11% and 1.15% respectively. These figures highlight divergent economic performances across the largest economies in 2024.
How do the smallest economies in the top 100 compare to the largest?
The smallest economies in the top 100 by nominal GDP include Nepal at $42.9 billion, Estonia at $43.1 billion, and Latvia at $43.6 billion. These figures are dwarfed by the United States at $29.02 trillion, which is 105.8 times the median GDP of $274.2 billion. The top 10 economies account for 68.1% of the total GDP of the 100 listed countries, while the bottom five combined contribute less than 0.1%. This underscores the extreme concentration of global economic output.