Projected GDP Ranking

Source International Monetary Fund World Economic Outlook (April - 2024)
Date17 Apr 2024

As of 2024, 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 2024 (4.64%) is higher than the US's 2.73%. On a nominal basis, the US is ahead of China by $10 trillion in 2024. On a ppp basis, China is ahead of US by Int. $6.5 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, There would be only one change in the top 20 list as Brazil will overtake Italy. Among the top 50, the Economic rank of Iran, Colombia and Pakistan would move up by three positions, while Egypt would lose five places followed by Bangladesh three spots.

In the ppp ranking, There would be only one change in the top 20 list as Poland will overtake Taiwan. Among the top 50, Australia will lose two spots.

In the list of top 50, Argentina will experience a negative growth rate in 2024. India is the fastest-growing economy with 6.81%, followed by the Philippines (6.16%).

United States (1,6) is present in both lists of the top ten GDP and GDP per capita ranking at nominal terms. Germany (3,19), Canada (10,18), Australia (13,11), Netherlands (17,12), and Switzerland (20,3) are in the top twenty list of GDP and GDP per capita ranking. In PPP, United States (2,9) 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
2023Rank2024RankSharediff 20242024Rank
PAKPakistan 338.2445373.00420.3410.232.001,579161Asia
USAUnited States27,357.83128,781.08126.3-2.7385,3736North America
CHNChina17,662.04218,532.63216.910,2484.6413,13672Asia
DEUGermany4,457.3734,591.1034.1913,9420.1554,29119Europe
JPNJapan4,212.9444,110.4543.754810.8633,13838Asia
INDIndia3,572.0853,937.0153.591736.812,731140Asia
GBRUnited Kingdom3,344.7463,495.2663.194420.4651,07523Europe
FRAFrance3,031.7873,130.0172.863650.7447,35925Europe
BRABrazil2,173.6792,331.3982.137992.1511,35282South America
ITAItaly2,255.5082,328.0392.133.360.7139,58028Europe
CANCanada2,140.09102,242.18102.0585.81.1554,86618North America
RUSRussia1,997.03112,056.84111.881853.1614,39169Europe
MEXMexico1,788.90122,017.03121.8439.82.3715,24967North America
AUSAustralia1,741.88131,790.35131.632271.4666,58911Oceania
KORKorea1,712.79141,760.95141.6129.42.3234,16535Asia
ESPSpain1,581.15151,647.11151.501141.9034,04536Europe
IDNIndonesia1,371.17161,475.69161.351714.965,271118Asia
NLDNetherlands1,117.10171,142.51171.043330.6363,75012Europe
TURTürkiye1,108.45181,113.56181.0229.03.1012,76575Europe
SAUSaudi Arabia1,067.58191,106.02191.017.552.5533,04039Asia
CHESwitzerland885.1420938.46200.8571681.34105,6693Europe
POLPoland808.4421844.62210.77193.83.0723,01454Europe
TWNTaiwan Province of China756.5922802.96220.73341.73.0734,43234Asia
BELBelgium630.1124655.19230.5981481.1655,53616Europe
SWESweden593.2725623.05240.56932.10.2258,52915Europe
ARGArgentina654.8923604.26250.55218.8-2.7612,81274South America
IRLIreland545.7926564.02260.51540.21.47106,0592Europe
THAThailand514.9528548.89270.50115.12.707,81292Asia
AUTAustria519.7127540.89280.4948.000.4459,22514Europe
ISRIsrael509.4829530.66290.48410.21.6153,37222Asia
AREUnited Arab Emirates504.1730527.80300.4822.873.5253,91620Asia
NORNorway485.5132526.95310.4810.851.5394,6604Europe
SGPSingapore501.4331525.23320.4801.722.1088,4475Asia
PHLPhilippines436.6234471.52330.43053.76.164,130128Asia
VNMVietnam433.7035465.81340.4255.705.824,623124Asia
IRNIslamic Republic of Iran403.5338464.18350.4241.633.335,310117Asia
BGDBangladesh446.3533455.16360.4169.025.702,646143Asia
MYSMalaysia415.5736445.52370.4079.644.4213,31571Asia
DNKDenmark405.2037409.99380.37435.52.1368,89810Europe
HKGHong Kong SAR376.9741406.78390.3713.212.8853,60621Asia
COLColombia363.6243386.08400.35220.71.147,32797South America
ZAFSouth Africa377.6840373.23410.34112.80.885,975111Africa
ROURomania345.8944369.97430.3383.032.7719,53060Europe
EGYEgypt393.9139347.59440.31722.42.973,225136Africa
CHLChile335.6646333.76450.30513.81.9816,61666South America
CZECzech Republic332.0347325.88460.2987.880.6629,80142Europe
FINFinland300.5048308.06470.28117.80.4255,12717Europe
PRTPortugal287.4249298.95480.2739.111.7328,96943Europe
KAZKazakhstan260.5151296.74490.2712.213.1114,77868Asia
PERPeru267.5950282.46500.25814.32.548,29190South America
World 104,791 109,529 3.1813,171
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GDP (PPP) Ranking

Code Country/Economy GDP (PPP) (billions of Int. $) Growth (%) GDP per capita (PPP) (Int. $) Continent
2023Rank2024RankShare (%)diff 20242024Rank
CHNChina32,931.36135,291.02119.0 %-4.6425,01578Asia
USAUnited States27,357.83228,781.08215.5 %6,5102.7385,3739North America
INDIndia13,342.45314,594.4637.86 %14,1876.8110,123131Asia
JPNJapan6,507.0646,720.9643.62 %7,8730.8654,18436Asia
DEUGermany5,544.2955,686.5353.06 %1,0340.1567,24524Europe
RUSRussia5,180.1465,472.8862.95 %2143.1638,29260Europe
IDNIndonesia4,391.3874,720.5472.54 %7524.9616,861101Asia
BRABrazil4,085.0384,273.6782.30 %4472.1520,80984South America
GBRUnited Kingdom3,916.5394,029.4492.17 %2440.4658,88031Europe
FRAFrance3,865.25103,987.91102.15 %41.50.7460,33929Europe
TURTürkiye3,628.74113,831.53112.06 %1563.1043,92151Europe
MEXMexico3,275.80123,434.22121.85 %3972.3725,96375North America
ITAItaly3,245.27133,347.10131.80 %87.10.7156,90533Europe
KORKorea2,918.22143,058.00141.65 %2892.3259,33030Asia
ESPSpain2,411.37152,516.38151.36 %5421.9052,01240Europe
CANCanada2,386.46162,472.23161.33 %44.11.1560,49528North America
SAUSaudi Arabia2,241.69172,354.39171.27 %1182.5570,33318Asia
EGYEgypt1,800.43181,898.54181.02 %4562.9717,61498Africa
IRNIslamic Republic of Iran1,752.86191,854.85190.999 %43.73.3321,22083Asia
POLPoland1,705.80211,800.54200.970 %54.33.0749,06043Europe
TWNTaiwan Province of China1,697.98221,792.35210.965 %8.193.0776,85814Asia
AUSAustralia1,723.99201,791.36220.965 %0.991.4666,62725Oceania
THAThailand1,563.39241,644.32230.886 %1472.7023,40179Asia
PAKPakistan1,572.44231,642.57240.885 %1.752.006,955143Asia
BGDBangladesh1,475.14251,619.80250.872 %22.85.709,416132Asia
VNMVietnam1,438.54261,558.90260.840 %60.95.8215,470109Asia
NGANigeria1,364.18271,443.71270.778 %1153.346,340147Africa
PHLPhilippines1,280.13291,391.80280.750 %51.96.1612,192119Asia
NLDNetherlands1,289.59281,329.04290.716 %62.80.6374,15816Europe
MYSMalaysia1,221.20311,305.94300.703 %23.14.4239,03058Asia
ARGArgentina1,249.88301,244.65310.670 %61.3-2.7626,39074South America
COLColombia1,005.71321,041.71320.561 %2031.1419,77089South America
ZAFSouth Africa993.04331,025.93330.553 %15.80.8816,424106Africa
AREUnited Arab Emirates894.2934948.05340.511 %77.93.5296,8466Asia
ROURomania777.1836817.99350.441 %1302.7743,17953Europe
CHESwitzerland786.6835816.46360.440 %1.531.3491,9327Europe
BELBelgium775.2837803.17370.433 %13.31.1668,07922Europe
SGPSingapore759.5338794.18380.428 %8.992.10133,7374Asia
DZAAlgeria722.6139768.52390.414 %25.73.8516,483105Africa
SWESweden717.5240736.40400.397 %32.10.2269,17720Europe
IRLIreland685.2441712.06410.383 %24.31.47133,8953Europe
KAZKazakhstan656.6742693.42420.373 %18.63.1134,53463Asia
AUTAustria616.7443634.36430.342 %59.10.4469,46019Europe
CHLChile596.2944622.78440.335 %11.61.9831,00566South America
HKGHong Kong SAR541.0845570.08450.307 %52.72.8875,12815Asia
PERPeru539.5546566.58460.305 %3.502.5416,631103South America
ISRIsrael530.6148552.15470.297 %14.41.6155,53334Asia
CZECzech Republic535.4547551.96480.297 %0.190.6650,47542Europe
IRQIraq511.3249530.86490.286 %21.11.3811,937121Asia
UKRUkraine488.1650515.95500.278 %14.93.2015,464110Europe
World 175,784 185,677 3.1822,038