Projected GDP Ranking

Source International Monetary Fund World Economic Outlook (October - 2023)
Date02 Nov 2023

As of 2023, the United States and China would occupy the first two places in both methods' gdp ranking. The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2023 (5.01%) is higher than the US's 2.09%. On a nominal basis, the US is ahead of China by $9 trillion in 2023. On a ppp basis, China is ahead of US by Int. $6 trillion, and the gap is increasing. China will remain the world's largest economy on a ppp basis over the next few decades as 2nd ranked US is growing slow and 3rd ranked India is way behind.

In the nominal gdp list, Germany will claim 3rd spot from Japan, Italy moving up by two positions and Canada moving down by one spot.Brazil will enter in top 10 list replacing Russia. Other changes in the top 20 would be Mexico and Türkiye climbing two spots each with each Australia and Saudi Arabia slipping two spots. Among the top 50, the Economic rank of Austria and Philippines would move up by five positions, while Nigeria would lose eight places.

In the ppp ranking, There would be no change in the top 20 list. Among the top 50, Iran and Hong Kong will climb two spots.

In the list of top 50, six economies will experience a negative growth rate in 2023 in both ranking. India is the fastest-growing economy with 6.33%, followed by the Bangladesh (6.03%). Iraq has the lowest growth rate of -2.74%, followed by the Argentina (-2.50%).

United States (1,5) is present in both lists of the top ten GDP and GDP per capita ranking at nominal terms. Germany (3,20), Canada (10,18), Australia (14,10), Netherlands (18,11), and Switzerland (20,3) are in the top twenty list of GDP and GDP per capita ranking. In PPP, United States (2,10) is present in the top ten, whereas Saudi Arabia (17,18) is in the top twenty of both rankings.

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GDP (Nominal) Ranking

Code Country/Economy GDP (Nominal) (billions of $) Growth (%) GDP per capita (Nominal) ($) Continent
2022Rank2023RankSharediff 20232023Rank
USAUnited States25,462.73126,949.64125.8-2.0980,4127North America
CHNChina17,886.33217,700.90216.99,2495.0112,54175Asia
DEUGermany4,085.6844,429.8434.2413,271-0.5452,82420Europe
JPNJapan4,237.5334,230.8644.051991.9633,95034Asia
INDIndia3,389.6953,732.2253.574996.332,612143Asia
GBRUnited Kingdom3,081.8763,332.0663.194000.4848,91323Europe
FRAFrance2,780.1473,049.0272.922830.9546,31525Europe
ITAItaly2,012.01102,186.0882.098630.6737,14628Europe
BRABrazil1,920.02112,126.8192.0459.33.0810,41382South America
CANCanada2,137.9492,117.81102.039.001.2953,24718North America
RUSRussia2,244.2581,862.47111.782552.2513,00672Europe
MEXMexico1,465.85141,811.47121.7351.03.1813,80467North America
KORKorea1,673.92131,709.23131.641021.4533,14735Asia
AUSAustralia1,702.55121,687.71141.6221.51.7863,48710Oceania
ESPSpain1,418.92151,582.05151.511062.4533,09036Europe
IDNIndonesia1,318.81161,417.39161.361654.975,109116Asia
TURTürkiye905.84191,154.60171.112633.9613,38469Europe
NLDNetherlands1,010.19181,092.75181.0561.90.5561,77011Europe
SAUSaudi Arabia1,108.15171,069.44191.0223.30.7632,58637Asia
CHESwitzerland818.4720905.68200.8671640.87102,8663Europe
POLPoland690.6822842.17210.80663.50.5622,39349Europe
TWNTaiwan Province of China760.4621751.93220.72090.20.8432,34039Asia
BELBelgium579.0626627.51230.6011241.0053,65717Europe
ARGArgentina630.6123621.83240.5955.68-2.5013,29770South America
SWESweden591.1924597.11250.57124.7-0.6955,21614Europe
IRLIreland533.5627589.57260.5647.542.01112,2482Europe
NORNorway579.4225546.77270.52342.82.2899,2664Europe
AUTAustria471.0333526.18280.50420.60.1058,01313Europe
ISRIsrael525.0028521.69290.4994.493.1453,19619Asia
THAThailand495.4230512.19300.4909.502.707,29895Asia
AREUnited Arab Emirates507.0629509.18310.4873.013.3850,60222Asia
SGPSingapore466.7934497.35320.47611.81.0487,8845Asia
BGDBangladesh460.2035446.35330.42751.06.032,621142Asia
PHLPhilippines404.2839435.68340.41710.75.323,859129Asia
VNMVietnam406.4537433.36350.4152.324.704,316123Asia
MYSMalaysia407.0336430.90360.4122.463.9613,03471Asia
DNKDenmark401.1340420.80370.40310.11.7071,4029Europe
EGYEgypt475.2332398.40380.38122.44.163,770131Africa
NGANigeria477.3831390.00390.3738.392.871,755158Africa
HKGHong Kong SAR359.8442385.55400.3694.464.3951,16821Asia
ZAFSouth Africa405.1138380.91410.3654.640.936,191102Africa
IRNIslamic Republic of Iran346.4843366.44420.35114.52.984,234124Asia
COLColombia343.6244363.84430.3482.601.446,97697South America
ROURomania301.2745350.41440.33513.42.1918,41360Europe
CHLChile300.7346344.40450.3306.01-0.5317,25463South America
PAKPakistan374.6641340.64460.3263.76-0.481,471164Asia
CZECzech Republic290.5347335.24470.3215.390.1830,47542Europe
FINFinland283.1248305.69480.29329.6-0.1354,50715Europe
PRTPortugal252.1350276.43490.26529.32.2826,87945Europe
PERPeru244.5951264.64500.25311.81.137,66992South America
World 100,149 104,483 2.9613,268
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GDP (PPP) Ranking

Code Country/Economy GDP (PPP) (billions of Int. $) Growth (%) GDP per capita (PPP) (Int. $) Continent
2022Rank2023RankShare (%)diff 20232023Rank
CHNChina30,217.11132,897.93118.8 %-5.0123,30977Asia
USAUnited States25,462.73226,949.64215.4 %5,9482.0980,41210North America
INDIndia11,900.71313,119.6237.50 %13,8306.339,183131Asia
JPNJapan6,144.6046,495.2143.72 %6,6241.9652,12036Asia
DEUGermany5,370.2955,537.9953.17 %957-0.5466,03821Europe
RUSRussia4,769.8365,056.4862.89 %4822.2535,31060Europe
IDNIndonesia4,036.8574,393.3772.51 %6634.9715,836102Asia
BRABrazil3,837.2284,101.0282.35 %2923.0820,07982South America
GBRUnited Kingdom3,716.6293,871.7992.21 %2290.4856,83630Europe
FRAFrance3,696.24103,868.62102.21 %3.170.9558,76529Europe
TURTürkiye3,352.70113,613.54112.07 %2553.9641,88851Europe
MEXMexico3,064.00123,277.60121.87 %3363.1824,97674North America
ITAItaly3,059.34133,193.18131.83 %84.40.6754,25933Europe
KORKorea2,780.29142,924.19141.67 %2691.4556,70931Asia
ESPSpain2,271.75152,413.07151.38 %5112.4550,47240Europe
CANCanada2,265.32162,378.97161.36 %34.11.2959,81328North America
SAUSaudi Arabia2,150.46172,246.54171.28 %1320.7668,45318Asia
EGYEgypt1,675.59181,809.43181.03 %4374.1617,12397Africa
IRNIslamic Republic of Iran1,616.54211,725.87190.987 %83.62.9819,94283Asia
AUSAustralia1,629.32201,719.26200.983 %6.611.7864,67423Oceania
POLPoland1,642.61191,712.63210.980 %6.630.5645,53843Europe
TWNTaiwan Province of China1,612.00221,685.36220.964 %27.30.8472,48515Asia
THAThailand1,482.44241,578.45230.903 %1072.7022,49178Asia
PAKPakistan1,520.02231,568.43240.897 %10.0-0.486,774142Asia
BGDBangladesh1,343.25251,476.87250.845 %91.66.038,673132Asia
VNMVietnam1,321.24261,434.21260.820 %42.74.7014,285111Asia
NGANigeria1,280.70271,365.90270.781 %68.32.876,148147Africa
NLDNetherlands1,244.15281,297.02280.742 %68.90.5573,31712Europe
PHLPhilippines1,170.97301,278.62290.731 %18.45.3211,326122Asia
ARGArgentina1,226.20291,239.52300.709 %39.1-2.5026,50670South America
MYSMalaysia1,137.40311,225.93310.701 %13.63.9637,08359Asia
COLColombia966.15321,016.12320.581 %2101.4419,48288South America
ZAFSouth Africa953.2133997.44330.571 %18.70.9316,211100Africa
AREUnited Arab Emirates835.1534895.17340.512 %1023.3888,9627Asia
CHESwitzerland753.8535788.34350.451 %1070.8789,5376Europe
ROURomania737.0036780.80360.447 %7.542.1941,02954Europe
BELBelgium735.0337769.68370.440 %11.11.0065,81322Europe
SGPSingapore719.0838753.27380.431 %16.41.04133,1083Asia
IRLIreland683.5840722.93390.413 %30.32.01137,6382Europe
SWESweden695.3839716.00400.410 %6.93-0.6966,20920Europe
KAZKazakhstan603.3442654.05410.374 %61.94.5632,71262Asia
DZAAlgeria584.2743628.99420.360 %25.13.8413,682112Africa
AUTAustria603.6741626.46430.358 %2.530.1069,06917Europe
CHLChile579.4144597.52440.342 %28.9-0.5329,93564South America
HKGHong Kong SAR507.2447549.00450.314 %48.54.3972,86113Asia
PERPeru523.1045548.47460.314 %0.531.1315,894101South America
CZECzech Republic519.2446539.32470.308 %9.150.1849,02542Europe
ISRIsrael502.3349537.14480.307 %2.183.1454,77132Asia
IRQIraq504.7548508.97490.291 %28.2-2.7411,742119Asia
UKRUkraine448.9550474.77500.272 %34.22.0014,304109Europe
World 163,897 174,833 2.9622,201