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Revealed: These Are The World’s Largest Economies For 2024

by
July 5, 2024
in CEO
Revealed: These Are The World’s Largest Economies For 2024

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Despite mounting concerns about rising prices, the United States has maintained its position as the world’s largest economy, with an impressive GDP of $28.78 trillion. China closely follows with a substantial GDP of $18.54 trillion. Meanwhile, Germany solidified its position as Europe’s economic leader with a GDP of $4.59 trillion, relying on its manufacturing expertise and robust exports while navigating additional challenges from energy supply issues related to the Russia-Ukraine conflict.

Japan, holding the number four ranking with a GDP of $4.11 trillion, has demonstrated renewed economic strength, propelled by enhanced productivity and heightened consumer spending following the 2020 Tokyo Olympics. Meanwhile, India, ranked at number five, has asserted itself as one of the fastest-growing economies with a GDP of $3.94 trillion. This ascent is attributed to its dynamic and skilled workforce, robust technology sector, ongoing reforms, and substantial infrastructure investments.

The next largest economies were the United Kingdom, at $3.50 trillion. France, at $3.13 trillion. Brazil, at $2.33 trillion. Italy, $2.33 trillion, and Canada, $2.24 trillion. Each country has shown varying growth and economic stability levels in recent years.

World’s Largest Economies For 2024: GDP, current prices (Billions of U.S. dollars)

The world’s largest economies by Gross Domestic Product (GDP) for 2024

Rank 2024 Country GDP 2024 GDP 2025 GDP 2026 GDP 2027 GDP 2028 GDP 2029
1 United States 28781.083 29839.684 31018.771 32274.458 33582.242 34950.012
2 China 18532.633 19790.074 21027.664 22276.918 23579.013 24842.337
3 Germany 4591.1 4772.259 4941.646 5089.795 5229.272 5358.074
4 Japan 4110.452 4310.366 4499.524 4649.09 4836.331 4944.744
5 India 3937.011 4339.83 4789.829 5287.04 5833.423 6436.653
6 United Kingdom 3495.261 3685.408 3915.566 4144.371 4394.713 4661.463
7 France 3130.014 3223.133 3332.653 3437.176 3544.996 3645.286
8 Brazil 2331.391 2437.906 2596.117 2760.057 2903.891 3058.227
9 Italy 2328.028 2390.443 2439.622 2492.629 2558.678 2625.878
10 Canada 2242.182 2360.581 2469.208 2576.318 2688.151 2805.774
11 Russia 2056.844 2090.522 2117.244 2148.676 2182.013 2211.461
12 Mexico 2017.025 2128.07 2231.099 2331.637 2437.85 2543.963
13 Australia 1790.348 1863.238 1940.478 2016.877 2107.311 2208.401
14 South Korea 1760.947 1842.661 1924.4 2004.894 2087.319 2171.007
15 Spain 1647.114 1715.584 1772.09 1829.221 1890.022 1950.639
16 Indonesia 1475.69 1613.904 1746.604 1886.118 2035.959 2194.815
17 Netherlands 1142.513 1177.592 1223.053 1269.891 1317.55 1363.567
18 Türkiye 1113.561 1106.916 1153.494 1197.314 1241.708 1286.119
19 Saudi Arabia 1106.015 1171.003 1228.906 1289.618 1349.31 1429.303
20 Switzerland 938.458 971.745 1022.424 1062.449 1117.347 1160.827
21 Poland 844.623 884.581 937.789 984.45 1022.936 1063.492
22 Taiwan 802.958 854.677 900.208 943.377 975.643 1005.191
23 Belgium 655.192 673.248 693.456 714.154 737.174 759.32
24 Sweden 623.048 651.281 680.164 711.1 742.266 774.57
25 Argentina 604.26 558.957 592.49 629.443 663.404 694.081
26 Ireland 564.02 586.864 612.631 639.446 667.93 696.95
27 Thailand 548.89 573.394 605.762 643.894 678.622 710.434
28 Austria 540.887 561.734 581.023 598.329 615.262 632.535
29 Israel 530.664 569.509 594.688 621.711 651.253 682.284
30 United Arab Emirates 527.796 550.24 577.754 609.469 645.345 685.153
31 Norway 526.951 554.775 564.342 581.215 597.958 617.095
32 Singapore 525.228 548.148 573.465 599.299 626.285 654.713
33 Philippines 471.516 509.379 551.56 596.935 650.628 709.641
34 Vietnam 465.814 505.531 546.491 589.854 635.648 684.01
35 Iran 464.181 486.247 509.425 532.17 554.011 576.239
36 Bangladesh 455.162 491.815 546.924 613.706 691.865 779.978
37 Malaysia 445.519 477.829 509.068 538.333 570.626 603.082
38 Denmark 409.989 424.326 441.465 458.995 477.516 496.843
39 Hong Kong SAR 406.775 427.782 449.263 471.607 494.999 519.326
40 Colombia 386.076 400.48 417.861 439.433 462.1 485.35
41 South Africa 373.233 384.765 398.062 413.042 427.66 442.857
42 Romania 369.971 389.689 413.281 438.774 463.786 488.55
43 Egypt 347.594 328.845 374.251 426.392 482.639 539.606
44 Pakistan 338.237 no data no data no data no data no data
45 Chile 333.76 374.753 391.385 408.875 426.968 445.147
46 Czech Republic 325.88 337.53 351.158 365.662 381.166 397.087
47 Finland 308.055 318.583 329.774 341.682 353.842 365.673
48 Portugal 298.949 309.715 321.832 334.087 346.807 359.658
49 Kazakhstan 296.74 312.99 327.308 350.694 370.044 388.61
50 Peru 282.458 294.781 307.194 319.956 333.131 346.778
51 Algeria 266.78 277.339 287.038 294.125 300.405 306.032
52 Iraq 265.894 278.811 292.147 307.465 325.197 345.074
53 New Zealand 257.626 266.774 277.688 288.508 301.286 314.499
54 Nigeria 252.738 251.198 254.831 265.781 276.779 287.85
55 Greece 250.276 260.452 270.034 278.721 287.758 297.028
56 Qatar 244.686 251.898 268.995 289.377 302.323 312.262
57 Hungary 223.413 240.121 254.15 269.148 285.531 302.462
58 Ethiopia 205.13 236.044 265.498 295.859 329.998 368.713
59 Ukraine 188.943 193.602 202.563 214.297 227.047 239.225
60 Kuwait 160.397 163.377 166.478 171.137 176.782 183.425
61 Morocco 152.377 161.436 170.859 180.096 189.674 199.772
62 Slovak Republic 140.808 149.401 157.083 164.227 171.757 179.484
63 Dominican Republic 127.356 136.3 145.936 156.48 167.823 179.897
64 Ecuador 121.592 124.408 128.731 133.47 138.747 144.301
65 Puerto Rico 117.763 120.425 123.625 128.927 133.22 137.419
66 Guatemala 110.035 117.986 126.587 135.893 146.054 156.974
67 Oman 108.927 111.052 114.812 119.129 124.098 127.526
68 Bulgaria 107.933 114.461 120.579 126.442 132.618 138.756
69 Kenya 104.001 109.646 118.046 126.229 135.491 145.378
70 Venezuela 102.328 105.876 no data no data no data no data
71 Uzbekistan 97.956 109.853 123.097 137.552 153.74 170.314
72 Costa Rica 96.058 102.334 108.021 114.297 120.956 127.867
73 Angola 92.123 95.386 98.704 104.687 109.642 114.976
74 Luxembourg 88.556 93.366 97.424 101.572 105.834 110.144
75 Croatia 88.076 92.315 97.053 101.634 106.426 111.286
76 Panama 87.347 91.731 97.309 103.225 109.501 116.159
77 Côte d’Ivoire 86.911 93.892 101.688 109.883 118.67 128.306
78 Uruguay 82.605 86.294 90.111 94.192 98.607 103.27
79 Turkmenistan 81.896 89.001 97.013 105.932 115.835 126.814
80 Serbia 81.873 87.738 94.258 100.902 107.914 115.73
81 Lithuania 81.17 84.727 88.531 92.476 96.59 100.765
82 Tanzania 79.605 86.126 93.739 103.022 113.481 124.968
83 Azerbaijan 78.749 81.438 84.596 88.192 92.414 97.433
84 Ghana 75.244 76.019 81.084 86.456 92.244 98.554
85 Congo, Dem. Rep. of the 73.761 83.082 91.93 102.155 111.926 122.371
86 Slovenia 72.101 75.096 78.591 82.212 86.082 90.032
87 Belarus 69.048 70.815 73.435 76.402 80.005 83.378
88 Myanmar 68.006 73.539 79.529 86.119 93.251 100.968
89 Uganda 56.31 62.056 67.46 73.671 80.968 90.141
90 Tunisia 54.708 55.847 58.069 59.09 59.468 60.037
91 Macao SAR 54.677 61.777 66.171 69.827 73.65 77.625
92 Jordan 53.57 56.556 59.709 63.038 66.553 70.263
93 Cameroon 53.205 57.661 61.828 66.137 70.232 74.693
94 Bolivia 49.334 52.52 55.752 59.205 62.871 66.761
95 Libya 48.221 50.559 52.286 53.017 53.801 55.191
96 Bahrain 46.79 48.729 50.733 52.982 55.427 58.098
97 Paraguay 45.817 48.033 51.395 54.206 57.191 60.351
98 Latvia 45.466 48.274 50.747 53.319 56.024 58.828
99 Cambodia 45.15 48.725 52.61 56.747 61.097 65.607
100 Nepal 44.179 48.904 53.918 59.463 65.648 72.475
101 Estonia 43.486 45.476 47.695 50.003 52.501 55.205
102 Honduras 37.355 39.624 41.962 44.462 47.107 49.922
103 Senegal 35.45 39.963 42.945 45.872 49.815 53.015
104 El Salvador 35.333 37.09 38.859 40.643 42.44 44.325
105 Zimbabwe 34.405 35.312 36.424 37.541 38.749 39.923
106 Cyprus 34.221 35.935 37.806 39.796 41.804 43.817
107 Iceland 33.338 35.802 38.559 41.6 44.922 48.475
108 Georgia 32.865 35.554 38.234 41.051 43.754 47.549
109 Papua New Guinea 31.716 32.64 33.567 34.658 35.915 37.198
110 Zambia 29.872 32.41 35.064 38.035 41.233 44.601
111 Bosnia and Herzegovina 29.078 30.754 32.436 34.052 35.72 37.722
112 Trinidad and Tobago 28.365 29.505 30.05 30.829 31.836 32.845
113 Sudan 26.865 27.447 28.25 28.806 29.236 29.254
114 Guinea 25.447 27.216 29.027 31.064 33.255 35.384
115 Albania 25.431 26.911 28.691 30.542 32.534 34.674
116 Armenia 25.408 27.151 29.151 31.284 33.575 36.048
117 Haiti 24.046 24.359 24.214 24.158 24.582 25.372
118 Mozambique 22.975 25.208 26.668 30.841 35.208 38.919
119 Malta 22.737 24.023 25.371 26.737 28.167 29.637
120 Mongolia 21.943 23.509 25.382 27.246 29.215 31.326
121 Burkina Faso 21.902 23.56 25.237 27.011 28.929 30.961
122 Lebanon 21.78 no data no data no data no data no data
123 Mali 21.662 22.984 24.565 26.244 28.049 29.946
124 Botswana 21.418 22.779 24.828 26.791 28.909 31.184
125 Benin 21.371 23.107 24.927 26.914 29.064 31.398
126 Guyana 21.178 23.685 28.005 28.985 30.076 31.268
127 Gabon 21.013 21.099 21.425 21.831 22.357 22.871
128 Jamaica 20.098 20.856 21.544 22.256 22.997 23.763
129 Nicaragua 18.829 20.268 21.816 23.483 25.277 27.208
130 Niger 18.816 20.41 22.088 23.807 25.701 27.72
131 Chad 18.697 19.698 20.783 21.964 23.252 24.632
132 Moldova 18.356 20.19 22.247 24.516 27.022 29.867
133 Yemen 16.94 17.176 19.661 22.865 24.978 26.754
134 Madagascar 16.465 17.917 19.268 20.762 22.725 24.898
135 Mauritius 16.359 17.651 18.954 20.189 21.488 22.842
136 North Macedonia 15.873 16.904 17.953 19.15 20.323 21.404
137 Brunei Darussalam 15.51 16.319 17.025 17.771 18.678 19.769
138 Congo, Republic of 15.501 16.229 17.084 18.076 19.188 20.527
139 Lao P.D.R. 15.19 16.221 17.006 17.951 19.107 20.368
140 Afghanistan 14.467 no data no data no data no data no data
141 Bahamas, The 14.39 14.926 15.443 15.959 16.522 17.102
142 Rwanda 13.701 14.135 15.18 16.374 17.802 19.478
143 Kyrgyz Republic 13.599 14.666 15.622 16.52 17.35 18.216
144 Tajikistan 12.953 14.118 15.395 16.774 18.199 19.744
145 Somalia 12.804 13.891 15.059 16.31 17.638 18.985
146 Namibia 12.765 13.486 14.245 14.99 15.745 16.538
147 Kosovo 11.318 12.215 13.067 13.876 14.68 15.516
148 Malawi 11.241 11.333 11.698 12.351 13.064 13.837
149 Equatorial Guinea 10.708 10.734 10.926 11.431 11.831 12.443
150 Mauritania 10.628 11.356 11.941 12.53 13.051 13.182
151 Togo 9.832 10.557 11.337 12.18 13.087 14.068
152 Montenegro 8.011 8.467 8.916 9.367 9.841 10.33
153 Maldives 7.199 7.897 8.461 9.044 9.64 10.276
154 Barbados 6.863 7.268 7.643 8.019 8.412 8.81
155 South Sudan, Republic of 6.517 6.987 7.324 7.789 8.514 9.702
156 Fiji 5.801 6.103 6.441 6.792 7.163 7.546
157 Eswatini 5.085 5.306 5.527 5.776 6.01 6.198
158 Liberia 4.754 5.068 5.481 5.892 6.408 6.867
159 Sierra Leone 4.558 4.594 4.69 4.909 5.185 5.483
160 Djibouti 4.364 4.715 5.103 5.498 5.926 6.322
161 Suriname 4.337 4.6 4.788 5.055 5.287 5.59
162 Aruba 4.069 4.181 4.308 4.442 4.58 4.723
163 Andorra 3.897 4.033 4.16 4.289 4.421 4.554
164 Belize 3.296 3.456 3.589 3.726 3.869 4.017
165 Bhutan 3.11 3.395 3.705 3.98 4.283 4.654
166 Burundi 3.075 3.299 3.787 4.226 4.654 4.97
167 Central African Republic 2.81 2.986 3.165 3.338 3.515 3.711
168 Cabo Verde 2.718 2.904 3.092 3.293 3.505 3.734
169 Gambia, The 2.694 3.006 3.226 3.408 3.61 3.885
170 Saint Lucia 2.582 2.701 2.817 2.931 3.049 3.172
171 Lesotho 2.395 2.524 2.64 2.736 2.837 3.037
172 Seychelles 2.203 2.334 2.481 2.649 2.831 3.025
173 Guinea-Bissau 2.151 2.321 2.5 2.694 2.89 3.081
174 Antigua and Barbuda 2.127 2.258 2.367 2.48 2.6 2.725
175 San Marino 2.034 2.092 2.159 2.227 2.298 2.37
176 Timor-Leste 1.992 2.14 2.292 2.453 2.625 2.809
177 Solomon Islands 1.707 1.82 1.933 2.056 2.184 2.318
178 Comoros 1.422 1.516 1.617 1.716 1.818 1.924
179 Grenada 1.406 1.487 1.566 1.644 1.726 1.812
180 Vanuatu 1.289 1.4 1.5 1.605 1.709 1.821
181 Saint Kitts and Nevis 1.134 1.207 1.279 1.345 1.411 1.481
182 Saint Vincent and the Grenadines 1.128 1.195 1.253 1.313 1.375 1.441
183 Samoa 1.024 1.093 1.152 1.204 1.254 1.309
184 Sao Tome and Principe 0.751 0.821 0.889 0.964 1.044 1.132
185 Dominica 0.708 0.753 0.793 0.833 0.874 0.913
186 Tonga 0.581 0.606 0.625 0.643 0.665 0.686
187 Micronesia, Fed. States of 0.484 0.507 0.526 0.541 0.556 0.571
188 Kiribati 0.311 0.332 0.349 0.365 0.379 0.394
189 Palau 0.308 0.351 0.371 0.386 0.399 0.413
190 Marshall Islands 0.305 0.318 0.33 0.342 0.354 0.366
191 Nauru 0.161 0.164 0.169 0.172 0.176 0.181
192 Tuvalu 0.066 0.069 0.072 0.076 0.08 0.084


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