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This chart from Howmuch.net is based on World Bank data for Gross Domestic Product (GDP) for 2019. Only 16 economies had a GDP higher than $1 trillion, with the US by far the biggest economy at more than $21 trillion – making up just under a quarter of the global total of almost $88 trillion. China was the second largest at more than $14 ...
Florida and Alabama, with $1.087 trillion in GDP, almost match Mexico at $1.14 trillion, while Texas’s economy, $1.59 trillion, is close to that of Brazil at $1.74 trillion. Germany, Europe’s biggest economy, has a GDP roughly the same as 12 of the eastern states, at $3.35 trillion in 2015. Image: World Bank/Bureau of Economic Analysis.
The 5 largest economies in the world, which include the US, China, Japan, Germany, and India, make up half the world’s GDP. Watch to learn more about other largest economies.
The United States has the largest economy in the world at $20.4 trillion, according to data from the International Monetary Fund (IMF), which shows the US economy increased from around $19.4 trillion last year. China follows, with $14 trillion, which is an increase of more than $2 trillion in comparison to 2017.
The top 10 is dominated by countries, with only Walmart breaking the monopoly. The US-based retail giant has revenues of over $480 billion according to the Fortune 500. By taking 10th place, Walmart beats the government revenue of major global economies including Australia, South Korea and India. From Walmart down though, it’s basically all ...
The G20 is a forum of the twenty largest economies in the world that meets regularly to discuss the most pressing issues facing the global economy. Together, the G20 accounts for more than 80% of world GDP, 75% of global trade and 60% of the population of the planet. The current members are Argentina, Australia, Brazil, Canada, China, France ...
The US state of California is projected to pass Germany to register the world's 4th-biggest economy. But that's based on GDP, a metric that's less than comprehensive. Comparing the two places more broadly raises questions about how we measure prosperity. “The future always looks good in a golden land,” one of California’s most clear-eyed ...
The GDPs of Germany, France and Italy make up more than half of the EU’s entire economic output. The UK, which joined the EU in 1973 and formally left in 2020, would have been the second-largest economy in the region at $3.4 trillion. The IMF has a gloomy outlook for the EU in 2023, anticipating growth of just 0.7%.
India is in seventh place with $2 trillion, and Italy in eighth with an economy of over $1.8 trillion. Ninth place goes to Brazil, with an almost $1.8 trillion economy. And in 10th is Canada, with an economy of over $1.5 trillion. The economy of the United States is larger than the combined economies of numbers three to 10 on the list.
On the economic front, India has been a key growth engine for the world, contributing 16% to the global growth in 2023. The country’s growth rate of 7.2% in fiscal 2022-2023 was the second-highest among the G20 countries and almost twice the average for emerging market economies that year.