There are various aspects through which development and poverty of a country is defined. Some of the aspects of health, education, economy etc. in all these parameters only the economy of a country is defined. Because there is no suitable parameter for the other parameter that we can use to measure the World Economy Rankings 2024. In this post we have given a detailed description of the economic rankings of the various countries of the world. To know all about World Economy Rankings 2024 stay with us in this post at last.
World Economy Rankings 2024
GDP which is also known as Gross domestic product universe monetary values of all goods and services produced in a nation in a year. A good economy represents a higher GDP which is financially strong and growing. According to world GDP ranking India is the fifth largest economy in the world. Some of the other prominent countries like the United States of America, Japan, China, India, Germany etc, have a significant presence in the growth domestic product ranking list.
There are various things in a country which include the factors of development of the country. In the world economy rankings there are various countries which have their own unique characteristics and regional strengths that contribute to its overall development and growth. If you talk about the higher GDP and the countries who have higher GDP rank then the list is given in the below section.
World Economy Rankings 2024 Overview
| Title | World Economy Rankings |
| Year | 2024 |
| Category | Rankings |
| Parameter | GDP |
| First | US |
| Top 10 List | Given |
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Largest Economies in the World
There are various largest economies in the world. In the list of largest economies each country has its unique characteristics and identity which contribute to their economic growth. As we already know , from last decade the United States of America is the largest economy in the world with a GDP of more than $20 trillion. However the growth rate of China is very high which continues to invest heavily in economic growth. We can see the position in comparison to others is very high. To know the top 10 GDP countries you can check out the list that is given in the below section. Other notable nations like Germany, India and the United Kingdom.
10 Largest Economy in the World
Country Name and GDP (USD Billion)*
1.United States- 27,974
2.China– 18,566
3.Germany- 4,730
4.Japan- 4,291
5.India- 4,112
6.United Kingdom- 3,592
7.France- 3,182
8.Italy- 2,280
9.Brazil- 2,272
10.Canada- 2,242
Top 10 GDP Countries 2024
In the list of Top 10 GDP Countries 2024 United States of America, China, Germany, Japan and India are the largest economies in the world as per the GDP growth and their data. In the list of top 10 GDP of the country, the United States upholds its status as the major global economy in the world and also the richest country. The state firstly preserved its pinnacle position from 1960 to 2023. In the second position China has witnessed a notable upsurge with the highest economic growth and progress which is moving from fourth rank up to its second rank in 2023.
India’s GDP Rank 2024
With a high growth rate, Huge amounts of capital investments, fiscal discipline, high saving rates and demographic trends, India is now the fifth largest economy in the world. With a high growth rate India is one of the greatest economies which leading contributors include modern agriculture, traditional arts, handicraft industry and technological services. With a great amount of investment and their strategy with strong macroeconomic fundamentals India’s leading as the fifth largest economy in the World Economy Rankings 2024.
The total estimated GDP of India is $4.1 trillion generated by the population which is more than 1 billion. However the economy of India includes the highest population based economy in the world. With its, a number of youth in India is contributing its fifth position in the world economy rankings and as per the economic survey forecast India will tend to grow 6.8% in 2024. There for the upcoming years can be the bright future of India with a higher number of her ranking in the world GDP ranking list. Therefore India can also become the fastest rising economy in the world.
Top Economies in the World 2024
In the third ranking Germany economy strongly focuses upon its technological enhancement which includes the engineering, Chemical, automotive and pharmaceutical sectors. Japan is the next notable economy which only focuses upon its progressive technological enhancement. India’s economic growth includes information technology, services, Manufacturing and agriculture sector. While United Kingdom is in the sixth position which comprises a blend of services, manufacturing, Finance and creative sectors.
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