Top 10 Economies In The World 2023
The Gross Domestic Product (GDP) serves as the yardstick for a nation’s economic prowess. It encapsulates the total value of goods and services produced within a country’s borders over a specific period, typically a year. This metric, expressed in monetary terms, is pivotal in gauging a country’s economic size and its global impact.
The expenditure method stands as the most widely utilized technique to compute GDP. It aggregates expenditures on new investments, consumer goods, government spending, and the value of net exports. This method provides a comprehensive snapshot of a nation’s economic activity.
Despite periodic fluctuations in GDP, the top economies persistently maintain their positions. This stability underscores their enduring impact on the global economic landscape.
This tabular representation offers a concise overview of the World Economy Ranking for 2023, showcasing each country’s nominal GDP, PPP adjusted GDP, and nominal GDP per capita.
| Rank | Country | Nominal GDP (2022) | PPP Adjusted GDP (2022) | Nominal GDP per capita (2022) |
|---|---|---|---|---|
| 1 | United States | $25.46 trillion | $25.46 trillion | $76,398 |
| 2 | China | $17.96 trillion | $30.33 trillion | $12,720 |
| 3 | Japan | $4.23 trillion | $5.7 trillion | $33,815 |
| 4 | Germany | $4.07 trillion | $5.31 trillion | $48,432 |
| 5 | India | $3.39 trillion | $11.87 trillion | $2,388 |
| 6 | United Kingdom | $3.07 trillion | $3.66 trillion | $45,850 |
| 7 | France | $2.78 trillion | $3.77 trillion | $40,963 |
| 8 | Italy | $2.42 trillion | $2.68 trillion | $40,132 |
| 9 | Canada | $1.97 trillion | $1.98 trillion | $51,031 |
| 10 | Brazil | $1.83 trillion | $3.66 trillion | $8,621 |
On Saturday, December 21, 2024, several explosive-laden drones, believed to be part of Ukraine's ongoing…
Uttar Pradesh, one of India's most populous states, is known for its rich cultural and…
The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, convened ministers from 28…
India participated in the 24th BIMSTEC Senior Officials Meeting (SOM), hosted virtually by Thailand on…
India is set to host the 2025 Para Athletics World Championships, marking a historic moment…
Maharashtra is a state in western India known for its rich culture, history and natural…