Projected GDP Ranking
Source | International Monetary Fund World Economic Outlook (April - 2024) |
Date | 17 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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Country/Economy | GDP (Nominal) (billions of $) | Growth (%) | GDP per capita (Nominal) ($) | Continent | ||||||
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2023 | Rank | 2024 | Rank | Share (%) | diff | 2024 | 2024 | Rank | ||
Pakistan | 338.24 | 45 | 373.00 | 42 | 0.341 | 0.23 | 2.00 | 1,579 | 161 | Asia |
United States | 27,357.83 | 1 | 28,781.08 | 1 | 26.3 | - | 2.73 | 85,373 | 6 | North America |
China | 17,662.04 | 2 | 18,532.63 | 2 | 16.9 | 10,248 | 4.64 | 13,136 | 72 | Asia |
Germany | 4,457.37 | 3 | 4,591.10 | 3 | 4.19 | 13,942 | 0.15 | 54,291 | 19 | Europe |
Japan | 4,212.94 | 4 | 4,110.45 | 4 | 3.75 | 481 | 0.86 | 33,138 | 38 | Asia |
India | 3,572.08 | 5 | 3,937.01 | 5 | 3.59 | 173 | 6.81 | 2,731 | 140 | Asia |
United Kingdom | 3,344.74 | 6 | 3,495.26 | 6 | 3.19 | 442 | 0.46 | 51,075 | 23 | Europe |
France | 3,031.78 | 7 | 3,130.01 | 7 | 2.86 | 365 | 0.74 | 47,359 | 25 | Europe |
Brazil | 2,173.67 | 9 | 2,331.39 | 8 | 2.13 | 799 | 2.15 | 11,352 | 82 | South America |
Italy | 2,255.50 | 8 | 2,328.03 | 9 | 2.13 | 3.36 | 0.71 | 39,580 | 28 | Europe |
Canada | 2,140.09 | 10 | 2,242.18 | 10 | 2.05 | 85.8 | 1.15 | 54,866 | 18 | North America |
Russia | 1,997.03 | 11 | 2,056.84 | 11 | 1.88 | 185 | 3.16 | 14,391 | 69 | Europe |
Mexico | 1,788.90 | 12 | 2,017.03 | 12 | 1.84 | 39.8 | 2.37 | 15,249 | 67 | North America |
Australia | 1,741.88 | 13 | 1,790.35 | 13 | 1.63 | 227 | 1.46 | 66,589 | 11 | Oceania |
Korea | 1,712.79 | 14 | 1,760.95 | 14 | 1.61 | 29.4 | 2.32 | 34,165 | 35 | Asia |
Spain | 1,581.15 | 15 | 1,647.11 | 15 | 1.50 | 114 | 1.90 | 34,045 | 36 | Europe |
Indonesia | 1,371.17 | 16 | 1,475.69 | 16 | 1.35 | 171 | 4.96 | 5,271 | 118 | Asia |
Netherlands | 1,117.10 | 17 | 1,142.51 | 17 | 1.04 | 333 | 0.63 | 63,750 | 12 | Europe |
Türkiye | 1,108.45 | 18 | 1,113.56 | 18 | 1.02 | 29.0 | 3.10 | 12,765 | 75 | Europe |
Saudi Arabia | 1,067.58 | 19 | 1,106.02 | 19 | 1.01 | 7.55 | 2.55 | 33,040 | 39 | Asia |
Switzerland | 885.14 | 20 | 938.46 | 20 | 0.857 | 168 | 1.34 | 105,669 | 3 | Europe |
Poland | 808.44 | 21 | 844.62 | 21 | 0.771 | 93.8 | 3.07 | 23,014 | 54 | Europe |
Taiwan Province of China | 756.59 | 22 | 802.96 | 22 | 0.733 | 41.7 | 3.07 | 34,432 | 34 | Asia |
Belgium | 630.11 | 24 | 655.19 | 23 | 0.598 | 148 | 1.16 | 55,536 | 16 | Europe |
Sweden | 593.27 | 25 | 623.05 | 24 | 0.569 | 32.1 | 0.22 | 58,529 | 15 | Europe |
Argentina | 654.89 | 23 | 604.26 | 25 | 0.552 | 18.8 | -2.76 | 12,812 | 74 | South America |
Ireland | 545.79 | 26 | 564.02 | 26 | 0.515 | 40.2 | 1.47 | 106,059 | 2 | Europe |
Thailand | 514.95 | 28 | 548.89 | 27 | 0.501 | 15.1 | 2.70 | 7,812 | 92 | Asia |
Austria | 519.71 | 27 | 540.89 | 28 | 0.494 | 8.00 | 0.44 | 59,225 | 14 | Europe |
Israel | 509.48 | 29 | 530.66 | 29 | 0.484 | 10.2 | 1.61 | 53,372 | 22 | Asia |
United Arab Emirates | 504.17 | 30 | 527.80 | 30 | 0.482 | 2.87 | 3.52 | 53,916 | 20 | Asia |
Norway | 485.51 | 32 | 526.95 | 31 | 0.481 | 0.85 | 1.53 | 94,660 | 4 | Europe |
Singapore | 501.43 | 31 | 525.23 | 32 | 0.480 | 1.72 | 2.10 | 88,447 | 5 | Asia |
Philippines | 436.62 | 34 | 471.52 | 33 | 0.430 | 53.7 | 6.16 | 4,130 | 128 | Asia |
Vietnam | 433.70 | 35 | 465.81 | 34 | 0.425 | 5.70 | 5.82 | 4,623 | 124 | Asia |
Islamic Republic of Iran | 403.53 | 38 | 464.18 | 35 | 0.424 | 1.63 | 3.33 | 5,310 | 117 | Asia |
Bangladesh | 446.35 | 33 | 455.16 | 36 | 0.416 | 9.02 | 5.70 | 2,646 | 143 | Asia |
Malaysia | 415.57 | 36 | 445.52 | 37 | 0.407 | 9.64 | 4.42 | 13,315 | 71 | Asia |
Denmark | 405.20 | 37 | 409.99 | 38 | 0.374 | 35.5 | 2.13 | 68,898 | 10 | Europe |
Hong Kong SAR | 376.97 | 41 | 406.78 | 39 | 0.371 | 3.21 | 2.88 | 53,606 | 21 | Asia |
Colombia | 363.62 | 43 | 386.08 | 40 | 0.352 | 20.7 | 1.14 | 7,327 | 97 | South America |
South Africa | 377.68 | 40 | 373.23 | 41 | 0.341 | 12.8 | 0.88 | 5,975 | 111 | Africa |
Romania | 345.89 | 44 | 369.97 | 43 | 0.338 | 3.03 | 2.77 | 19,530 | 60 | Europe |
Egypt | 393.91 | 39 | 347.59 | 44 | 0.317 | 22.4 | 2.97 | 3,225 | 136 | Africa |
Chile | 335.66 | 46 | 333.76 | 45 | 0.305 | 13.8 | 1.98 | 16,616 | 66 | South America |
Czech Republic | 332.03 | 47 | 325.88 | 46 | 0.298 | 7.88 | 0.66 | 29,801 | 42 | Europe |
Finland | 300.50 | 48 | 308.06 | 47 | 0.281 | 17.8 | 0.42 | 55,127 | 17 | Europe |
Portugal | 287.42 | 49 | 298.95 | 48 | 0.273 | 9.11 | 1.73 | 28,969 | 43 | Europe |
Kazakhstan | 260.51 | 51 | 296.74 | 49 | 0.271 | 2.21 | 3.11 | 14,778 | 68 | Asia |
Peru | 267.59 | 50 | 282.46 | 50 | 0.258 | 14.3 | 2.54 | 8,291 | 90 | South America |
World | 104,791 | 109,529 | 3.18 | 13,171 |
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Country/Economy | GDP (PPP) (billions of Int. $) | Growth (%) | GDP per capita (PPP) (Int. $) | Continent | ||||||
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2023 | Rank | 2024 | Rank | Share | diff | 2024 | 2024 | Rank | ||
China | 32,931.36 | 1 | 35,291.02 | 1 | 19.0 % | - | 4.64 | 25,015 | 78 | Asia |
United States | 27,357.83 | 2 | 28,781.08 | 2 | 15.5 % | 6,510 | 2.73 | 85,373 | 9 | North America |
India | 13,342.45 | 3 | 14,594.46 | 3 | 7.86 % | 14,187 | 6.81 | 10,123 | 131 | Asia |
Japan | 6,507.06 | 4 | 6,720.96 | 4 | 3.62 % | 7,873 | 0.86 | 54,184 | 36 | Asia |
Germany | 5,544.29 | 5 | 5,686.53 | 5 | 3.06 % | 1,034 | 0.15 | 67,245 | 24 | Europe |
Russia | 5,180.14 | 6 | 5,472.88 | 6 | 2.95 % | 214 | 3.16 | 38,292 | 60 | Europe |
Indonesia | 4,391.38 | 7 | 4,720.54 | 7 | 2.54 % | 752 | 4.96 | 16,861 | 101 | Asia |
Brazil | 4,085.03 | 8 | 4,273.67 | 8 | 2.30 % | 447 | 2.15 | 20,809 | 84 | South America |
United Kingdom | 3,916.53 | 9 | 4,029.44 | 9 | 2.17 % | 244 | 0.46 | 58,880 | 31 | Europe |
France | 3,865.25 | 10 | 3,987.91 | 10 | 2.15 % | 41.5 | 0.74 | 60,339 | 29 | Europe |
Türkiye | 3,628.74 | 11 | 3,831.53 | 11 | 2.06 % | 156 | 3.10 | 43,921 | 51 | Europe |
Mexico | 3,275.80 | 12 | 3,434.22 | 12 | 1.85 % | 397 | 2.37 | 25,963 | 75 | North America |
Italy | 3,245.27 | 13 | 3,347.10 | 13 | 1.80 % | 87.1 | 0.71 | 56,905 | 33 | Europe |
Korea | 2,918.22 | 14 | 3,058.00 | 14 | 1.65 % | 289 | 2.32 | 59,330 | 30 | Asia |
Spain | 2,411.37 | 15 | 2,516.38 | 15 | 1.36 % | 542 | 1.90 | 52,012 | 40 | Europe |
Canada | 2,386.46 | 16 | 2,472.23 | 16 | 1.33 % | 44.1 | 1.15 | 60,495 | 28 | North America |
Saudi Arabia | 2,241.69 | 17 | 2,354.39 | 17 | 1.27 % | 118 | 2.55 | 70,333 | 18 | Asia |
Egypt | 1,800.43 | 18 | 1,898.54 | 18 | 1.02 % | 456 | 2.97 | 17,614 | 98 | Africa |
Islamic Republic of Iran | 1,752.86 | 19 | 1,854.85 | 19 | 0.999 % | 43.7 | 3.33 | 21,220 | 83 | Asia |
Poland | 1,705.80 | 21 | 1,800.54 | 20 | 0.970 % | 54.3 | 3.07 | 49,060 | 43 | Europe |
Taiwan Province of China | 1,697.98 | 22 | 1,792.35 | 21 | 0.965 % | 8.19 | 3.07 | 76,858 | 14 | Asia |
Australia | 1,723.99 | 20 | 1,791.36 | 22 | 0.965 % | 0.99 | 1.46 | 66,627 | 25 | Oceania |
Thailand | 1,563.39 | 24 | 1,644.32 | 23 | 0.886 % | 147 | 2.70 | 23,401 | 79 | Asia |
Pakistan | 1,572.44 | 23 | 1,642.57 | 24 | 0.885 % | 1.75 | 2.00 | 6,955 | 143 | Asia |
Bangladesh | 1,475.14 | 25 | 1,619.80 | 25 | 0.872 % | 22.8 | 5.70 | 9,416 | 132 | Asia |
Vietnam | 1,438.54 | 26 | 1,558.90 | 26 | 0.840 % | 60.9 | 5.82 | 15,470 | 109 | Asia |
Nigeria | 1,364.18 | 27 | 1,443.71 | 27 | 0.778 % | 115 | 3.34 | 6,340 | 147 | Africa |
Philippines | 1,280.13 | 29 | 1,391.80 | 28 | 0.750 % | 51.9 | 6.16 | 12,192 | 119 | Asia |
Netherlands | 1,289.59 | 28 | 1,329.04 | 29 | 0.716 % | 62.8 | 0.63 | 74,158 | 16 | Europe |
Malaysia | 1,221.20 | 31 | 1,305.94 | 30 | 0.703 % | 23.1 | 4.42 | 39,030 | 58 | Asia |
Argentina | 1,249.88 | 30 | 1,244.65 | 31 | 0.670 % | 61.3 | -2.76 | 26,390 | 74 | South America |
Colombia | 1,005.71 | 32 | 1,041.71 | 32 | 0.561 % | 203 | 1.14 | 19,770 | 89 | South America |
South Africa | 993.04 | 33 | 1,025.93 | 33 | 0.553 % | 15.8 | 0.88 | 16,424 | 106 | Africa |
United Arab Emirates | 894.29 | 34 | 948.05 | 34 | 0.511 % | 77.9 | 3.52 | 96,846 | 6 | Asia |
Romania | 777.18 | 36 | 817.99 | 35 | 0.441 % | 130 | 2.77 | 43,179 | 53 | Europe |
Switzerland | 786.68 | 35 | 816.46 | 36 | 0.440 % | 1.53 | 1.34 | 91,932 | 7 | Europe |
Belgium | 775.28 | 37 | 803.17 | 37 | 0.433 % | 13.3 | 1.16 | 68,079 | 22 | Europe |
Singapore | 759.53 | 38 | 794.18 | 38 | 0.428 % | 8.99 | 2.10 | 133,737 | 4 | Asia |
Algeria | 722.61 | 39 | 768.52 | 39 | 0.414 % | 25.7 | 3.85 | 16,483 | 105 | Africa |
Sweden | 717.52 | 40 | 736.40 | 40 | 0.397 % | 32.1 | 0.22 | 69,177 | 20 | Europe |
Ireland | 685.24 | 41 | 712.06 | 41 | 0.383 % | 24.3 | 1.47 | 133,895 | 3 | Europe |
Kazakhstan | 656.67 | 42 | 693.42 | 42 | 0.373 % | 18.6 | 3.11 | 34,534 | 63 | Asia |
Austria | 616.74 | 43 | 634.36 | 43 | 0.342 % | 59.1 | 0.44 | 69,460 | 19 | Europe |
Chile | 596.29 | 44 | 622.78 | 44 | 0.335 % | 11.6 | 1.98 | 31,005 | 66 | South America |
Hong Kong SAR | 541.08 | 45 | 570.08 | 45 | 0.307 % | 52.7 | 2.88 | 75,128 | 15 | Asia |
Peru | 539.55 | 46 | 566.58 | 46 | 0.305 % | 3.50 | 2.54 | 16,631 | 103 | South America |
Israel | 530.61 | 48 | 552.15 | 47 | 0.297 % | 14.4 | 1.61 | 55,533 | 34 | Asia |
Czech Republic | 535.45 | 47 | 551.96 | 48 | 0.297 % | 0.19 | 0.66 | 50,475 | 42 | Europe |
Iraq | 511.32 | 49 | 530.86 | 49 | 0.286 % | 21.1 | 1.38 | 11,937 | 121 | Asia |
Ukraine | 488.16 | 50 | 515.95 | 50 | 0.278 % | 14.9 | 3.20 | 15,464 | 110 | Europe |
World | 175,784 | 185,677 | 3.18 | 22,038 |