The United States is still the economic leader worldwide, with a GDP of $25.3 trillion—making up nearly one quarter of the global economy. China follows close behind at $19.9 trillion. Here’s a look at the top 50 countries in terms of GDP:
Rank Country GDP (current prices, USD)
#1 🇺🇸 United States $25.3 trillion
#2 🇨🇳 China $19.9 trillion
#3 🇯🇵 Japan $4.9 trillion
#4 🇩🇪 Germany $4.3 trillion
#5 🇬🇧 United Kingdom $3.4 trillion
#6 🇮🇳 India $3.3 trillion
#7 🇫🇷 France $2.9 trillion
#8 🇨🇦 Canada $2.2 trillion
#9 🇮🇹 Italy $2.1 trillion
#10 🇧🇷 Brazil $1.8 trillion
The frontrunner in Europe is Germany at $4.3 trillion, with the UK coming in second place. One significant change since the last reported figures is that Brazil now cracks the top 10, having surpassed South Korea. Russia falls just outside, in 11th place, with a GDP of $1.8 trillion.
While China’s GDP growth has slowed in recent years, projections still indicate that the country will overtake the U.S. by 2030, dethroning the world’s economic leader.
One region also expected to experience growth in the near future is the Middle East and North Africa, thanks to higher oil prices—Iraq and Saudi Arabia in particular are leading this charge. Regional GDP growth in the area is expected to be around 5% in 2022.
The 50 Smallest Economies in the World
Some of the world’s smallest economies were hit particularly hard by the pandemic, and have subsequently been the most affected by the inflation and food supply shortages resulting from the war in Ukraine.
Here’s a look at the countries worldwide with the lowest GDP in 2022:
Rank Country GDP (current prices, USD)
#191 🇹🇻 Tuvalu $66 million
#190 🇳🇷 Nauru $134 million
#189 🇰🇮 Kiribati $216 million
#188 🇵🇼 Palau $244 million
#187 🇲🇭 Marshall Islands $267 million
#186 🇫🇲 Micronesia $427 million
#185 🇸🇹 São Tomé and Príncipe $1 billion
#184 🇹🇴 Tonga $1 billion
#183 🇩🇲 Dominica $1 billion
#182 🇼🇸 Samoa $1 billion
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