Source | International Monetary Fund World Economic Outlook (October - 2024) |
Date | 28 Jan 2025 |
As of 2025, the United States and China will occupy the first two places in both methods' GDP rankings. The US and China's margins are coming down in nominal rankings as China's GDP growth rate in 2025 (4.48%) is higher than the US's 2.15%. On a nominal basis, the US will be ahead of China by $10.8 trillion in 2025. On a PPP basis, China is ahead of the US by Int. $9.1 trillion, and the gap is increasing. China will remain the world's largest economy on a PPP basis over the next few decades, as the second-ranked US is growing slowly and third-ranked India is way behind.
Germany overtook Japan in 2023 to claim the third spot and is now ahead by 532 billion USD. Even India is behind by only $117 billion and is projected to surpass Japan in 2026.
In the PPP list, the rankings of the top three economies will remain unchanged as the margins between these three are much wider.
In the nominal GDP list, there would be no change in the top 10 list. Another change in the top 20 would be Australia and Spain overtaking Mexico. Among the top 50, the economic ranks of Hong Kong and Chile would move up by two positions. In contrast, Egypt would lose three places, followed by Colombia and Mexico by two spots.
In the PPP ranking, there would be only one change in the top 10 list as Indonesia would overtake Brazil. Another change in the top 20 would be Poland overtaking Australia. Among the top 50, the United Arab Emirates and Iraq will move up by two spots. In contrast, Switzerland would lose two places.
On the list of the top 50, India is the fastest-growing economy with 6.46%, followed by the Philippines (6.11%) and Vietnam (6.06%). Italy has the lowest growth rate of 0.76% in 2025.
The United States (1,7) is present in both lists of the top ten GDP and GDP per capita rankings in nominal terms. Germany (3,17), Canada (9,19), Australia (13,12), the Netherlands (18,11), and Switzerland (20,2) are in the top twenty lists of GDP and GDP per capita. In PPP, the United States (2,10) is present in the top ten.
Code | Country/Economy | GDP (Nominal) (billions of $) | Growth (%) | GDP per capita (Nominal) ($) | Continent | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2024 | Rank | 2025 | Rank | Share | diff | 2025 | 2025 | Rank | |||
PAK | Pakistan | 374.60 | 44 | 398.00 | 43 | 0.345 | 8.20 | 3.20 | 1,655 | 161 | Asia |
USA | United States | 29,167.78 | 1 | 30,337.16 | 1 | 26.3 | - | 2.15 | 89,678 | 7 | North America |
CHN | China | 18,273.36 | 2 | 19,534.89 | 2 | 16.9 | 10,802 | 4.48 | 13,873 | 73 | Asia |
DEU | Germany | 4,710.03 | 3 | 4,921.56 | 3 | 4.26 | 14,613 | 0.79 | 57,914 | 17 | Europe |
JPN | Japan | 4,070.09 | 4 | 4,389.33 | 4 | 3.80 | 532 | 1.14 | 35,611 | 37 | Asia |
IND | India | 3,889.13 | 5 | 4,271.92 | 5 | 3.70 | 117 | 6.46 | 2,937 | 143 | Asia |
GBR | United Kingdom | 3,587.55 | 6 | 3,730.26 | 6 | 3.23 | 542 | 1.48 | 54,280 | 22 | Europe |
FRA | France | 3,174.10 | 7 | 3,283.43 | 7 | 2.84 | 447 | 1.06 | 49,527 | 24 | Europe |
ITA | Italy | 2,376.51 | 8 | 2,459.60 | 8 | 2.13 | 824 | 0.76 | 41,714 | 28 | Europe |
CAN | Canada | 2,214.80 | 9 | 2,330.31 | 9 | 2.02 | 129 | 2.39 | 55,890 | 19 | North America |
BRA | Brazil | 2,188.42 | 10 | 2,307.16 | 10 | 2.00 | 23.1 | 2.16 | 10,816 | 83 | South America |
RUS | Russia | 2,184.32 | 11 | 2,195.71 | 11 | 1.90 | 111 | 1.35 | 15,077 | 69 | Europe |
KOR | Korea | 1,869.92 | 12 | 1,947.13 | 12 | 1.69 | 249 | 2.17 | 37,675 | 32 | Asia |
AUS | Australia | 1,802.01 | 14 | 1,881.14 | 13 | 1.63 | 66.0 | 2.12 | 67,979 | 12 | Oceania |
ESP | Spain | 1,731.47 | 15 | 1,827.58 | 14 | 1.58 | 53.6 | 2.13 | 37,362 | 33 | Europe |
MEX | Mexico | 1,848.13 | 13 | 1,817.82 | 15 | 1.57 | 9.76 | 1.35 | 13,630 | 75 | North America |
IDN | Indonesia | 1,402.59 | 16 | 1,492.62 | 16 | 1.29 | 325 | 5.07 | 5,248 | 121 | Asia |
TUR | Türkiye | 1,344.32 | 17 | 1,455.41 | 17 | 1.26 | 37.2 | 2.70 | 16,877 | 67 | Europe |
NLD | Netherlands | 1,218.40 | 18 | 1,272.96 | 18 | 1.10 | 182 | 1.63 | 70,606 | 11 | Europe |
SAU | Saudi Arabia | 1,100.71 | 19 | 1,136.58 | 19 | 0.984 | 136 | 4.57 | 33,287 | 39 | Asia |
CHE | Switzerland | 942.27 | 20 | 999.60 | 20 | 0.866 | 137 | 1.34 | 111,716 | 2 | Europe |
POL | Poland | 862.91 | 21 | 915.45 | 21 | 0.793 | 84.2 | 3.50 | 25,041 | 54 | Europe |
TWN | Taiwan Province of China | 775.02 | 22 | 814.44 | 22 | 0.705 | 101 | 2.67 | 34,924 | 38 | Asia |
BEL | Belgium | 662.18 | 23 | 689.36 | 23 | 0.597 | 125 | 1.17 | 58,248 | 16 | Europe |
SWE | Sweden | 609.04 | 24 | 638.78 | 24 | 0.553 | 50.6 | 2.37 | 59,508 | 15 | Europe |
IRL | Ireland | 560.57 | 26 | 587.23 | 25 | 0.508 | 51.6 | 2.25 | 107,243 | 3 | Europe |
ARG | Argentina | 604.38 | 25 | 574.20 | 26 | 0.497 | 13.0 | 5.00 | 12,054 | 81 | South America |
ARE | United Arab Emirates | 545.05 | 27 | 568.57 | 27 | 0.492 | 5.63 | 5.05 | 51,294 | 23 | Asia |
SGP | Singapore | 530.71 | 29 | 561.73 | 28 | 0.486 | 6.84 | 2.50 | 93,956 | 4 | Asia |
AUT | Austria | 535.80 | 28 | 559.22 | 29 | 0.484 | 2.51 | 1.06 | 61,080 | 14 | Europe |
ISR | Israel | 528.07 | 31 | 550.91 | 30 | 0.477 | 8.31 | 2.67 | 54,370 | 21 | Asia |
THA | Thailand | 528.92 | 30 | 545.34 | 31 | 0.472 | 5.56 | 3.00 | 7,754 | 99 | Asia |
PHL | Philippines | 470.06 | 33 | 507.67 | 32 | 0.440 | 37.7 | 6.11 | 4,439 | 128 | Asia |
NOR | Norway | 503.75 | 32 | 506.47 | 33 | 0.439 | 1.20 | 1.83 | 90,320 | 5 | Europe |
VNM | Vietnam | 468.49 | 34 | 506.43 | 34 | 0.438 | 0.04 | 6.06 | 4,986 | 122 | Asia |
MYS | Malaysia | 439.75 | 36 | 488.25 | 35 | 0.423 | 18.2 | 4.39 | 14,423 | 71 | Asia |
BGD | Bangladesh | 451.47 | 35 | 481.86 | 36 | 0.417 | 6.39 | 4.50 | 2,773 | 145 | Asia |
IRN | Islamic Republic of Iran | 434.24 | 37 | 463.75 | 37 | 0.402 | 18.1 | 3.06 | 5,300 | 120 | Asia |
DNK | Denmark | 412.29 | 39 | 431.23 | 38 | 0.373 | 32.5 | 1.65 | 71,967 | 10 | Europe |
HKG | Hong Kong SAR | 401.75 | 41 | 422.06 | 39 | 0.365 | 9.17 | 2.98 | 55,608 | 20 | Asia |
COL | Colombia | 417.21 | 38 | 419.33 | 40 | 0.363 | 2.73 | 2.48 | 7,895 | 96 | South America |
ZAF | South Africa | 403.05 | 40 | 418.05 | 41 | 0.362 | 1.29 | 1.49 | 6,517 | 110 | Africa |
ROU | Romania | 380.56 | 42 | 406.20 | 42 | 0.352 | 11.8 | 3.30 | 21,570 | 58 | Europe |
CHL | Chile | 328.72 | 46 | 362.24 | 44 | 0.314 | 35.8 | 2.38 | 17,927 | 66 | South America |
CZE | Czech Republic | 342.99 | 45 | 360.23 | 45 | 0.312 | 2.01 | 2.28 | 33,038 | 41 | Europe |
EGY | Egypt | 380.04 | 43 | 345.87 | 46 | 0.299 | 14.4 | 4.08 | 3,160 | 139 | Africa |
FIN | Finland | 306.08 | 47 | 319.99 | 47 | 0.277 | 25.9 | 2.03 | 57,183 | 18 | Europe |
PRT | Portugal | 303.03 | 48 | 319.93 | 48 | 0.277 | 0.05 | 2.35 | 30,947 | 43 | Europe |
KAZ | Kazakhstan | 292.55 | 49 | 306.63 | 49 | 0.265 | 13.3 | 4.63 | 15,112 | 68 | Asia |
PER | Peru | 283.31 | 50 | 294.90 | 50 | 0.255 | 11.7 | 2.62 | 8,570 | 91 | South America |
World | 110,065 | 115,494 | 3.25 | 14,401 |
Code | Country/Economy | GDP (PPP) (billions of Int. $) | Growth (%) | GDP per capita (PPP) (Int. $) | Continent | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2024 | Rank | 2025 | Rank | Share (%) | diff | 2025 | 2025 | Rank | |||
CHN | China | 37,072.09 | 1 | 39,438.11 | 1 | 19.3 % | - | 4.48 | 28,008 | 78 | Asia |
USA | United States | 29,167.78 | 2 | 30,337.16 | 2 | 14.8 % | 9,101 | 2.15 | 89,678 | 10 | North America |
IND | India | 16,019.97 | 3 | 17,364.81 | 3 | 8.49 % | 12,972 | 6.46 | 11,938 | 125 | Asia |
RUS | Russia | 6,909.38 | 4 | 7,129.67 | 4 | 3.49 % | 10,235 | 1.35 | 48,957 | 50 | Europe |
JPN | Japan | 6,572.20 | 5 | 6,767.66 | 5 | 3.31 % | 362 | 1.14 | 54,907 | 40 | Asia |
DEU | Germany | 6,017.22 | 6 | 6,174.69 | 6 | 3.02 % | 593 | 0.79 | 72,660 | 22 | Europe |
IDN | Indonesia | 4,658.32 | 8 | 4,983.45 | 7 | 2.44 % | 1,191 | 5.07 | 17,520 | 107 | Asia |
BRA | Brazil | 4,702.00 | 7 | 4,890.95 | 8 | 2.39 % | 92.5 | 2.16 | 22,928 | 86 | South America |
FRA | France | 4,359.37 | 9 | 4,485.44 | 9 | 2.19 % | 406 | 1.06 | 67,658 | 25 | Europe |
GBR | United Kingdom | 4,282.17 | 10 | 4,424.66 | 10 | 2.16 % | 60.8 | 1.48 | 64,384 | 31 | Europe |
ITA | Italy | 3,597.95 | 11 | 3,691.25 | 11 | 1.81 % | 733 | 0.76 | 62,603 | 32 | Europe |
TUR | Türkiye | 3,456.77 | 12 | 3,614.58 | 12 | 1.77 % | 76.7 | 2.70 | 41,914 | 59 | Europe |
MEX | Mexico | 3,303.07 | 13 | 3,408.41 | 13 | 1.67 % | 206 | 1.35 | 25,557 | 81 | North America |
KOR | Korea | 3,258.37 | 14 | 3,389.43 | 14 | 1.66 % | 19.0 | 2.17 | 65,582 | 29 | Asia |
ESP | Spain | 2,665.23 | 15 | 2,771.52 | 15 | 1.36 % | 618 | 2.13 | 56,659 | 36 | Europe |
CAN | Canada | 2,582.23 | 16 | 2,692.05 | 16 | 1.32 % | 79.5 | 2.39 | 64,566 | 30 | North America |
EGY | Egypt | 2,231.82 | 17 | 2,365.10 | 17 | 1.16 % | 327 | 4.08 | 21,609 | 91 | Africa |
SAU | Saudi Arabia | 2,112.88 | 18 | 2,249.61 | 18 | 1.10 % | 115 | 4.57 | 65,885 | 28 | Asia |
POL | Poland | 1,890.70 | 20 | 1,992.36 | 19 | 0.974 % | 257 | 3.50 | 54,498 | 41 | Europe |
AUS | Australia | 1,897.89 | 19 | 1,973.28 | 20 | 0.965 % | 19.1 | 2.12 | 71,309 | 23 | Oceania |
TWN | Taiwan Province of China | 1,843.02 | 21 | 1,926.59 | 21 | 0.942 % | 46.7 | 2.67 | 82,615 | 13 | Asia |
THA | Thailand | 1,771.53 | 22 | 1,857.84 | 22 | 0.909 % | 68.7 | 3.00 | 26,416 | 80 | Asia |
BGD | Bangladesh | 1,692.74 | 24 | 1,801.05 | 23 | 0.881 % | 56.8 | 4.50 | 10,367 | 131 | Asia |
IRN | Islamic Republic of Iran | 1,698.46 | 23 | 1,782.27 | 24 | 0.872 % | 18.8 | 3.06 | 20,369 | 98 | Asia |
VNM | Vietnam | 1,631.80 | 25 | 1,762.15 | 25 | 0.862 % | 20.1 | 6.06 | 17,349 | 109 | Asia |
PAK | Pakistan | 1,584.47 | 26 | 1,664.89 | 26 | 0.814 % | 97.3 | 3.20 | 6,922 | 147 | Asia |
NGA | Nigeria | 1,489.83 | 27 | 1,564.86 | 27 | 0.765 % | 100 | 3.16 | 6,706 | 149 | Africa |
NLD | Netherlands | 1,460.53 | 28 | 1,511.25 | 28 | 0.739 % | 53.6 | 1.63 | 83,823 | 12 | Europe |
PHL | Philippines | 1,367.04 | 30 | 1,476.95 | 29 | 0.722 % | 34.3 | 6.11 | 12,913 | 120 | Asia |
MYS | Malaysia | 1,372.61 | 29 | 1,458.86 | 30 | 0.713 % | 18.1 | 4.39 | 43,095 | 55 | Asia |
ARG | Argentina | 1,353.80 | 31 | 1,447.25 | 31 | 0.708 % | 11.6 | 5.00 | 30,382 | 74 | South America |
COL | Colombia | 1,129.64 | 32 | 1,178.73 | 32 | 0.576 % | 269 | 2.48 | 22,194 | 89 | South America |
ZAF | South Africa | 993.75 | 33 | 1,026.90 | 33 | 0.502 % | 152 | 1.49 | 16,009 | 112 | Africa |
ROU | Romania | 894.22 | 34 | 940.52 | 34 | 0.460 % | 86.4 | 3.30 | 49,944 | 47 | Europe |
SGP | Singapore | 879.98 | 35 | 918.36 | 35 | 0.449 % | 22.2 | 2.50 | 153,609 | 2 | Asia |
ARE | United Arab Emirates | 849.78 | 38 | 908.93 | 36 | 0.445 % | 9.44 | 5.05 | 82,000 | 15 | Asia |
BEL | Belgium | 863.84 | 36 | 889.83 | 37 | 0.435 % | 19.1 | 1.17 | 75,187 | 19 | Europe |
KAZ | Kazakhstan | 830.61 | 39 | 884.85 | 38 | 0.433 % | 4.98 | 4.63 | 43,610 | 54 | Asia |
CHE | Switzerland | 851.14 | 37 | 878.17 | 39 | 0.429 % | 6.68 | 1.34 | 98,145 | 7 | Europe |
DZA | Algeria | 826.14 | 40 | 866.72 | 40 | 0.424 % | 11.5 | 3.04 | 18,343 | 103 | Africa |
SWE | Sweden | 763.59 | 41 | 795.88 | 41 | 0.389 % | 70.8 | 2.37 | 74,143 | 21 | Europe |
IRL | Ireland | 691.90 | 42 | 720.31 | 42 | 0.352 % | 75.6 | 2.25 | 131,548 | 4 | Europe |
CHL | Chile | 674.39 | 43 | 702.98 | 43 | 0.344 % | 17.3 | 2.38 | 34,789 | 66 | South America |
IRQ | Iraq | 655.42 | 46 | 694.48 | 44 | 0.340 % | 8.50 | 4.07 | 15,256 | 115 | Asia |
AUT | Austria | 667.15 | 44 | 686.44 | 45 | 0.336 % | 8.04 | 1.06 | 74,976 | 20 | Europe |
UKR | Ukraine | 655.58 | 45 | 684.18 | 46 | 0.335 % | 2.26 | 2.50 | 20,757 | 94 | Europe |
CZE | Czech Republic | 619.88 | 47 | 645.55 | 47 | 0.316 % | 38.6 | 2.28 | 59,205 | 34 | Europe |
PER | Peru | 605.57 | 48 | 632.73 | 48 | 0.309 % | 12.8 | 2.62 | 18,389 | 102 | South America |
HKG | Hong Kong SAR | 569.83 | 50 | 597.45 | 49 | 0.292 % | 35.3 | 2.98 | 78,717 | 17 | Asia |
NOR | Norway | 576.24 | 49 | 597.42 | 50 | 0.292 % | 0.02 | 1.83 | 106,540 | 6 | Europe |
World | 194,569 | 204,473 | 3.25 | 25,496 |