World Economy Ranking 2024, Top 10 Countries by GDP | See India's rank

World Economy Ranking 2024, Top 10 Countries by GDP | See India's rank #world #india #top5 #2024
The top five largest economies in the world contribute significantly to global GDP and have a strong influence on international trade and economic policies. As of January 2024, the world’s largest economies are.
5 Largest Economies 2024
1. The United States
The US is the biggest economy in the world. Its current GDP stands at a staggering $28,862 billion. The income per capita in the US is $80,399.
2. China
China is the second-largest economy in the world, with a nominal GDP of 19,374 billion. The income per capita in China stands at $13,724.
3. Japan
Japan is the third-largest economy in the world, with a nominal GDP of 4,411 billion dollars. The income per capita is $35,395.
4. Germany
Germany is the fourth-largest economy in the world with a GDP of 4,509 billion dollars. The Income Per Capita in Germany is $51,432.
5. India
Recently, India overtook the UK to become the world’s fifth-largest economy. Its GDP stands at 4,115 billion dollars and its Income Per Capita at $2,389.
GDP, or gross domestic product, is a measure of the total value of all goods and services produced within a country's borders in a specific time period, typically a financial year. It is calculated by adding up the value of consumption, investment, government spending, and net exports (exports minus imports). This calculation provides an overall picture of a country's economic activity and helps economists and policymakers analyse economic growth and development.
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