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. Interestingly, India replaced the UK this year as a top five economy.
Adding on another five countries (the top 10) makes up 66% of the global economy, and the top 25 countries comprise 84% of global GDP.
The rest of the world — the remaining 167 nations — make up 16% of global GDP. Many of the smallest economies are islands located in Oceania.
Rank | Country | GDP (Billions USD) |
---|---|---|
#1 | United States | 25035.2 |
#2 | China | 18321.2 |
#3 | Japan | 4300.6 |
#4 | Germany | 4031.1 |
#5 | India | 3468.6 |
#6 | United Kingdom | 3198.5 |
#7 | France | 2778.1 |
#8 | Canada | 2200.4 |
#9 | Russia | 2133.1 |
#10 | Italy | 1997 |
#11 | Iran | 1973.7 |
#12 | Brazil | 1894.7 |
#13 | South Korea | 1734.2 |
#14 | Australia | 1724.8 |
#15 | Mexico | 1424.5 |
#16 | Spain | 1389.9 |
#17 | Indonesia | 1289.4 |
#18 | Saudi Arabia | 1010.6 |
#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 |
Data note: Due to conflict and other issues, some countries are not included in this data set (e.g. Ukraine, Syria, Afghanistan). Major sources for GDP data differ widely on the size of Iran’s economy. It’s worth noting that this data from IMF ranks Iran’s GDP much higher than World Bank or the UN.
https://www.imf.org/en/Publications/WEO/weo-database/2022/October