Top 10 largest economy in the world 2022

In 2022, the United States had the largest economy in the world, with a gross domestic product of just under 25.5 trillion U.S. dollars. China had the second largest economy, at around 18.1 trillion U.S. dollars. The remaining countries that rounded out the world's 20 largest economies all had GDPs that ranged between 800 billion and five trillion U.S. dollars. Compared to the 20 largest economies in 2020, Turkey moved into 19 th place in 2022, pushing Taiwan off the list. Global gross domestic product The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for Characteristic GDP in billion U.S. dollars United States 25,464.48 China 18,100.04 Japan 4,233.54 Germany 4,075.4 India 3,386.4 United Kingdom 3,070.6 France* 2,784.02 Russia* 2,215.29 Canada 2,139.84 Italy 2,012.01 Brazil 1,924.13 Australia 1,701.89 Korea* 1,665.25 Mexico 1,414.1 Spain 1,400.52 Indonesia 1,318.81 Saudi Arabia 1,108.15 Netherlands 993.68 Turkey 905.53 Switzerland 807.23 The most important statistics • Global gross domestic product (GDP) 2028 • Gross domestic product (GDP) of selected global regions 2022 • GDP of the main industrialized and emerging countries 2022 • Countries with the largest gross domestic product (GDP) 20...

Global economies are measured and ranked by their A country’s economy can be measured either in What is Gross Domestic Product (GDP)? The GDP is the total value of all the goods and services produced within a given country. It can be measured either in terms of US dollars or as a percentage of a country’s population size. GDP is used to measure a country’s economic output and is often used as an indicator of a country’s standard of living. Standard of living refers to the quality and quantity of the goods and services available to a person or population. A high standard of living indicates that people have access to a greater quantity and variety of goods and services. Countries with a high GDP per capita often have a high standard of living. Countries with low GDP per capita often have a low standard of living. GDP per capita is a measure of It is calculated by dividing a country’s GDP by its population size. GDP was first created by Simon Kuznets in 1934. It has been used ever since to measure a country’s economic output. GDP is not the perfect measurement, however, it is the best measurement we have of a country’s economy. How to measure a country’s economy using GDP You can measure a country’s economy using GDP by looking at the GDP per capita. GDP per capita is a measure of average income and standard of living. It is calculated by dividing a country’s GDP by its population size. The calculation for GDP is : GDP = C + I + G + (X-M) Where: C = private consumption I = g...

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1 1 31,555.11 18.2 21,785 62.4 B 2 1 23,141.76 12.4 69,120 113.8 A 3 2 15,820.43 8.7 11,247 52.3 D 4 3 5,679.67 3.5 45,226 240.7 A 5 1 5,512.73 3.4 37,809 11.7 C 6 2 5,009.46 3.1 59,719 63.9 A 7 4 4,810.93 2.8 17,235 29.1 C 8 2 4,287.63 2.6 19,910 66.2 B 9 1 3,694.99 2.0 43,185 28.6 B 10 3 3,536.56 2.1 53,924 98.9 A 11 4 3,476.67 2.0 50,756 78.8 A 12 3 3,377.27 2.0 25,670 41.9 C 13 5 3,178.88 1.8 52,750 119.0 A 14 5 2,880.01 1.7 56,108 44.1 A 15 2 2,441.23 1.4 68,105 17.6 B 16 6 2,300.74 1.3 49,246 93.6 A 17 4 2,105.69 1.2 54,852 91.9 A 18 1 2,022.89 1.2 9,333 20.0 E 19 2 2,010.23 1.2 18,936 59.8 D 20 7 1,835.35 1.1 26,190 42.0 D 21 7 1,691.50 1.0 44,820 39.8 B 22 13 1,551.24 0.9 64,937 19.7 C 23 8 1,535.17 0.9 15,514 29.0 D 24 10 1,494.71 0.8 8,903 26.9 D 25 9 1,457.17 0.9 55,897 51.6 A 26 5 1,452.17 0.8 31,562 54.3 D 27 6 1,424.32 1.1 6,207 53.8 C 28 11 1,389.59 0.8 12,351 42.3 C 29 12 1,305.30 0.7 39,339 51.2 C 30 3 1,174.47 0.7 19,331 46.7 C 31 8 1,141.41 0.7 66,317 43.9 A 32 6 1,081.21 0.6 20,989 45.9 B 33 3 844.86 0.5 83,801 25.5 A 34 9 763.34 0.4 40,109 40.1 B 35 10 736.88 0.4 63,152 87.2 A 36 11 678.85 0.4 77,374 37.5 A 37 14 675.42 0.4 35,169 17.6 C 38 7 661.74 0.4 19,645 22.8 D 39 15 661.52 0.4 111,301 127.8 A 40 12 651.75 0.4 63,779 29.5 A 41 13 648.92 0.3 129,262 41.9 A 42 8 606.43 0.3 31,502 30.3 A 43 4 589.42 0.4 12,997 53.4 B 44 14 553.41 0.3 61,038 72.2 A 45 15 538.53 0.5 12,468 33.0 C 46 4 506.54 0.3 56,769 50.9 A 47 16 501.87 0.3 46,743 36.2 A 48 16 487.5...

The list of countries by GDP showed on this page is based on the latest data from the World Economic Outlook by the International Monetary Fund. 192 countries from around the world are ranked by GDP measured in US dollars and PPPs from 1980 to 2020. Gross Domestic Product, or GDP, measures the economic size of a country. It shows the total value of all goods and services sold in a country within a particular period of time. One may want to compare countries by GDP to understand which countries are "richest" or have larger markets, i.e. where more goods and services are sold and bought. To make international comparisons possible, GDP should be converted into a single currency because initially, all countries report their GDP in different national currencies. Conversion can be made using current exchange rates or Purchasing Power Parities (PPPs). The world's 10 largest economies in 2020 as measured in US dollars using current exchange rates are the United States, China, Japan, Germany, United Kingdom, India, France, Italy, Canada, and Korea. Using current exchange rates to convert national currencies to US dollars is popular because data on exchange rates are easily accessible but it has a significant drawback. Using current exchange rates for country comparisons by GDP is not correct because exchange rates are often significantly overestimated or underestimated compared to their "correct levels". Correct exchange rate, in turn, should equalize the price levels in two countr...

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ℹ️ Gross Domestic Product (GDP) is a broad indicator of the economic activity within a country. It measures the total value of economic output—goods and services—produced within a given time frame by both the private and public sectors. The GDP Heavyweights The global economy can be thought of as a pie, with the size of each slice representing the share of global GDP contributed by each country. Currently, the largest slices of the pie are held by the United States, China, Japan, Germany, and India, which together account for more than half of global GDP. Here’s a look at every country’s share of the world’s $101.6 trillion economy: Rank Country GDP (Billions, USD) #1 🇺🇸 United States $25,035.2 #2 🇨🇳 China $18,321.2 #3 🇯🇵 Japan $4,300.6 #4 🇩🇪 Germany $4,031.1 #5 🇮🇳 India $3,468.6 #6 🇬🇧 United Kingdom $3,198.5 #7 🇫🇷 France $2,778.1 #8 🇨🇦 Canada $2,200.4 #9 🇷🇺 Russia $2,133.1 #10 🇮🇹 Italy $1,997.0 #11 🇮🇷 Iran $1,973.7 #12 🇧🇷 Brazil $1,894.7 #13 🇰🇷 South Korea $1,734.2 #14 🇦🇺 Australia $1,724.8 #15 🇲🇽 Mexico $1,424.5 #16 🇪🇸 Spain $1,389.9 #17 🇮🇩 Indonesia $1,289.4 #18 🇸🇦 Saudi Arabia $1,010.6 #19 🇳🇱 Netherlands $990.6 #20 🇹🇷 Turkey $853.5 #21 🇹🇼 Taiwan $828.7 #22 🇨🇭 Switzerland $807.4 #23 🇵🇱 Poland $716.3 #24 🇦🇷 Argentina $630.7 #25 🇸🇪 Sweden $603.9 #26 🇧🇪 Belgium $589.5 #27 🇹🇭 Thailand $534.8 #28 🇮🇱 Israel $527.2 #29 🇮🇪 Ireland $519.8 #30 🇳🇴 Norway $504.7 #31 🇳🇬 Nigeria $504.2 #32 🇦🇪 United Arab Emirates $503.9 #33 🇪🇬 Egypt $469.1 #34 🇦🇹 Austria $468.0 #35 🇧🇩 Bangladesh $460...

• • • • • • • • • • • • • • Top 10 largest economies in the world 2022 Understanding the economic landscapes of different countries will aid you in preparing for global expansion. We will look at the top 10 economies in the world based on GDP. You will find the complete list of top 10 biggest economies in the world here. Recently, India surpassed the Uk to take over as the fifth world’s most important economy. By 2029, India is expected to overtake Japan as the third-largest of the world’s economies based on current trends. Let’s have a look at the top 10 largest economies in the world 2022 according to the GDP. First let’s understand what GDP is. What is GDP? A country’s gross domestic product (GDP) is a calculation of the total revenue worth of finished services and goods produced within its boundaries during a given time period, often a year. A country’s economy may typically be estimated using its GDP. The most popular technique for calculating GDP is indeed the expenditure method, that totals government spending, new investment expenditures, spending on newer consumer products, and the value of export revenues to determine GDP (exports minus imports). Top 10 economies in the world 2022 list • United States – $20.89 trillion • China – $14.72 trillion • Japan – $5.06 trillion • Germany – $3.85 trillion • United Kingdom – $2.67 trillion • India – $2.66 trillion • France – $2.63 trillion • Italy – $1.89 trillion • Canada – $1.64 trillion • South Korea – $1.63 trillion Wha...