World Economy Ranking 2023 Check The Top 10 Largest Economies {Updated List}

World Economy Ranking- If you want comprehensive information about the World Economy Ranking 2023. We will learn about the World GDP 2023 Ranking in this article. India’s 5.8% annual growth rate makes it the world’s fastest-growing major economy this year, according to the United Nations, while the rest of the world’s growth rate is only 1.9 percent.

The World Economy Ranking of India for the year 2023 is the topic of this discussion. India has recently surpassed the United Kingdom to become the fifth largest economy in the world. Presently just the US, China, Japan, and Germany have greater economies than India.

World Economy Ranking 2023

Find out the most recent information about the Top 10 Countries with the Largest Economy in 2023 and the World Economy Ranking in 2023. Today India is considered as a real part of the main five economies of the world and the story behind it is extremely lengthy. Learn about the Indian economy’s rise from tenth to fifth place in this account.

The US of America, China, Japan, Germany, and India are the biggest economies on the planet in 2023, according to their Gross domestic product information. GDP is an important metric for determining the size of an economy. The traditional methodology for measuring a country’s Gross domestic product includes the consumption technique, wherein the all out is inferred by collecting use on new buyer merchandise, new speculations, government expenses, and the net worth of commodities.

World Economy Ranking 2023

World Economy Ranking Details 2023 

Post Title World Economy Ranking 2023
Category Trending
Organization International Monetary Fund
Released by IMF
Year 2023
World Economy 2023 $105 Trillion
Official website click here

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Post Title World Economy Ranking 2023
Category Ranking
Organization International Monetary Fund
Released by IMF
Year 2023
World Economy 2023 $105 Trillion
Official website

Download World Economy Ranking list PDF

  • America, US$ 25.035 trillion
  • China, US$ 18.321 trillion
  • Japan, US$ 4.301 trillion
  • Germany, US$ 4.031 trillion
  • India, US$ 3.469 trillion
  • UK, US$ 3.199 trillion
  • France, US$ 2.778 trillion
  • Canada, US$ 2.2 trillion
  • Russia, US$ 2.113 trillion
  • Italy, US $ 1.99 trillion

World Economy India Ranking 2023

The World Economy Ranking 2023 provides the latest information on the world’s largest economy countries. India, currently ranked as one of the top five economies in the world, has come a long way from its position as the 10th largest economy. The journey of the Indian economy towards this progress has been a long and arduous one, marked by numerous economic reforms and policy changes.

Challenges On World Economy

Despite facing challenges such as poverty and inequality, India has emerged as a major player in the global economy, with a thriving IT sector, growing manufacturing industry, and increasing foreign investment. As we look forward to 2023, it will be interesting to see how India continues to evolve and contribute to the global economic landscape.

Ind VS USA Largest Economies

If you are interested in obtaining comprehensive information regarding the World Economy Ranking in 2023, this article will provide insights into the ranking of World GDP in 2023. According to the United Nations, India is projected to maintain its position as the fastest-growing major economy in the world this year, with a growth rate of 5.8 percent, while the rest of the world is expected to grow at a rate of only 1.9 percent.

World Economy For 2023 India’s Position

Furthermore, let us now delve into India’s ranking in the world economy for 2023 (World Economy Ranking India). Recently, India has surpassed the United Kingdom and secured the fifth position as the largest economy globally. Currently, only the United States, China, Japan, and Germany have economies larger than that of India.

World Economy Trillion Money Ranking Countries

According to the International Monetary Fund (IMF), the World Economy Ranking 2023 is projected to surpass a Gross Domestic Product (GDP) of 105 trillion dollars by the end of this year. This calculation is based on the previous year’s world economy. The GDP reflects the total value of goods and services produced within a country, and it serves as a measure of economic growth and development. A high GDP implies that a country has a robust economy with an abundance of resources, infrastructure, and a well-educated workforce. It also signifies that there is a high standard of living and opportunities for its citizens.

International Monetary Fund India’s Financial Year 2023-24 Growth Rate

As per the International Monetary Fund, the three largest economies in the world based on nominal GDP are the United States, China, and Japan, in that order. The estimated growth rate for India’s financial year 2023-24 (India’s ranking in world GDP in 2023) is projected to be 6.1%, which is slightly lower compared to other global economies but higher than the global average. By 2023, India is expected to contribute approximately 15% towards global economic growth.

Top 10 Largest Economies in the World 2023

Which are the top 5 GDP countries in the world? The US, China, Japan, Germany, and India, respectively, hold those Ranking in 2023. Now, let’s take a look at the top 10 largest economies/ richest countries in the world in 2023, sourced from IMF data:

Rank & Country GDP (USD billion) GDP Per Capita (USD thousand)
1 United States Of America (U.S.A) 26,854 80.03
2 China 19,374 13.72
3 Japan 4,410 35.39
4 Germany 4,309 51.38
5 India 3,750 2.6
6 United Kingdom (U.K.) 3,159 46.31
7 France 2,924 44.41
8 Italy 2,170 36.81
9 Canada 2,090 52.72
10 Brazil 2,080 9.67

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1.The United States of America

From 1960 to 2023, the United States of America maintains its Ranking as the world’s largest economy and richest nation. Its economy flaunts momentous variety, impelled by significant areas, including administrations, assembling, money, and innovation. The United States of America has a significant consumer market, a resilient infrastructure, a spirit of innovation and entrepreneurship, and favorable business conditions.

  • GDP:  $26,854 billion
  • GDP By Country Per Capita: $80,030
  • Annual GDP Growth Rate: 1.6%


China’s economic development has significantly improved since 1960, when it ranked fourth, to 2023, when it ranked second. The manufacturing, export, and investment sectors make up the majority of the Chinese economy. It is proud to have a large workforce, strong government support, advancements in infrastructure, and a rapidly expanding consumer market.

  • GDP:  $19,374 billion
  • GDP By Country Per Capita: $13,720
  • Annual GDP Growth Rate: 5.2%

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The advanced technology, manufacturing prowess, and service sector of Japan’s notable economy set it apart. Unmistakable areas include car, electronic, hardware, and monetary spaces. In addition, Japan is praised for its unwavering work ethic, ground-breaking technological innovations, and exceptional exports of superior quality.

  • GDP:  $4,410 billion
  • GDP By Country Per Capita: $35,390
  • Annual GDP Growth Rate: 1.3%


The German economy relies heavily on exports and is known for its precision in the automotive, chemical, pharmaceutical, engineering, and automotive industries. It benefits from a skilled workforce, robust R&D initiatives, and a clear dedication to fostering innovation.

  • GDP:  $4,309 billion
  • GDP By Country Per Capita: $51,380
  • Annual GDP Growth Rate:  -0.1%

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India’s economy flaunts variety and quick development, fuelled by key areas like data innovation, administrations, farming, and assembling. The country makes use of its extensive domestic market, young, technologically savvy workforce, and expanding middle class.

  • GDP:  $3,750 billion
  • GDP By Country Per Capita (Nominal): $2,601
  • Annual GDP Growth Rate: 5.9%

6.United Kingdom

The economy of the Unified Kingdom includes a mix of administrations, assembling, finance, and inventive areas. London attracts foreign investments because it is a global financial hub. The UK’s trade alliances and globalization also have an impact on the country’s economic growth.

  • GDP:  $3,159 billion
  • GDP By Country Per Capita: $46,370
  • Annual GDP Growth Rate: -0.3%

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In 2023, France’s GDP is anticipated to be 2,920 billion US dollars. France’s economy is characterized by diversification, with a focus on the aerospace, tourism, luxury goods, and agriculture sectors. France is well-known for its robust welfare system, well-developed infrastructure, and significant investment in R&D.

  • GDP:  $2,924 billion
  • GDP By Country Per Capita: $44,410
  • Annual GDP Growth Rate: 0.7%


Italy flaunts an exceptionally evolved market as the third-biggest economy in the European Association. The country is known for its powerful and spearheading business area and steady and cutthroat rural industry.

  • GDP:  $2,170 billion
  • GDP By Country Per Capita: $36,810
  • Annual GDP Growth Rate: 0.7%


Oil, gas, minerals, timber, and other natural resources are critical to the Canadian economy. Besides, the country flaunts a flourishing administrations area, a deeply grounded producing industry, and an unflinching devotion to encouraging development and mechanical progressions.

  • GDP:  $2,090 billion
  • GDP By Country Per Capita: $52,720
  • Annual GDP Growth Rate: 1.5%

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Agriculture, mining, manufacturing, and services are just a few of the many industries that make up the Brazilian economy. It is notable for being a significant international hub for the production and export of agricultural products. The expansion of Brazil’s economy is influenced by a number of factors, including commodity prices, domestic consumption, and the development of infrastructure.

  • GDP:  $2,080 billion
  • GDP By Country Per Capita: $9,670
  • Annual GDP Growth Rate: 0.9%

Top 30 Countries For World Economy Ranking

  1. United States of America
  2. China
  3. Japan
  4. Germany
  5. India
  6. United Kingdom
  7. France
  8. Italy
  9. Canada
  10. Brazil
  11. Russia
  12. South Korea
  13. Australia
  14. Mexico
  15. Spain
  16. Indonesia
  17. Netherland
  18. Saudi Arabia19. Turkey
  19. Switzerland
  20. Taiwan
  21. Poland
  22. Argentina
  23. Belgium
  24. Sweden
  25. Ireland
  26. Thailand
  27. Norway
  28. Israel
  29. Singapore

World Economy Ranking 2023 in Trillion

Before the current year’s over, World Economy Ranking 2023 will have crossed GDP ( World Gross domestic product 2023 Ranking) of 105$ Trillion. The International Monetary Fund (IMF) uses the World Economy from the previous year to calculate this GDP.

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World Economy Ranking 2023 IMF

Ranking of the World Economy in 2023 by the International Monetary Fund In terms of nominal GDP, the United States, China, and Japan are the three largest economies in the world, according to the IMF. According to the World GDP Ranking 2023 India, India’s growth rate for the fiscal year 2023-24 is anticipated to be 6.1%, which is higher than the global average but slightly lower than that of the rest of the world’s economies. India will contribute approximately 15% to global growth in 2023.

World Economy 2023 Ranking Updated List PDF

Click Here To Download World Economy 2023 Ranking Updated List PDF

World Economy Ranking 2023 FAQ’S

Who has the strongest economy in the world 2023?

United States is the world’s largest economy.

What is the rank of India’s economy in 2023?

The rank of India’s Economy in 2023 is 5th in the world.

How is Gross Domestic Product (GDP) computed?

GDP is determined by summing up consumption (expenditure by consumers), government expenditure, investment (expenditure by businesses), and net exports (the difference between exports and imports).

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