Do you ever wonder what countries have the biggest economies in the world? Now you can see the list in one place.
Learning more about the geopolitical landscape also includes learning about economies around the globe. This short blog can help you learn more about which ones are the biggest.
Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period within a country. It is commonly used to measure the size of an economy, which is a major factor in how powerful, influential or important a country is considered by other countries.
Eight of the countries are from Asia, eight from Europe, and four from the Americas. There are no countries on the list from Africa — Nigeria has the 29th largest economy in the world.
In 2021, 18 of these 21 countries had a Gross Domestic Product, or GDP over 1 trillion dollars, valued in US Dollars.
The top two economies on this list were so large in 2021, together they were larger than the other 19 combined.
The Largest Economies in the World
Without further ado, let’s take a look at the list:
21. Turkey: $795 billion
20. Switzerland: $810 billion
19. Saudi Arabia: $842 billion
18. The Netherlands: $1.00 trillion
17. Iran: $1.08 trillion
16. Indonesia: $1.15 trillion
15. Mexico: $1.29 trillion
14. Spain: $1.44 trillion
13. Australia: $1.61 trillion
12. Brazil: $1.645 trillion
11. Russia: $1.647 trillion
10. South Korea: $1.82 trillion
9. Canada: $2.02 trillion
8. Italy: $2.12 trillion
7. France: $2.940 trillion
6. India: $2.946 trillion
5. United Kingdom: $3.11 trillion
4. Germany: $4.23 trillion
3. Japan: $5.10 trillion
2. China: $16.86 trillion
1. The United States: $22.93 trillion
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