Japan slipped to fourth place below Germany to become the 4th biggest economy, as per IMF. Here is the list of top 10 biggest economies in the world
With GDP at $27,974 billion, USA's economy is the largest
China's GDP is at $18,566 billion and UBS has predicted the GDP to grow at 4.4-4.5%
While Germany's GDP is at $4,730 billion, the government is reportedly planning to downgrade its GDP growth forecast for 2024 to 0.2%
Japan entered recession last year slipping to the fourth position as the largest economy in the world with GDP $4,291 billion
India, with GDP $4,112 billion is projected to grow at 6.2% in 2024
UK economy fell into recession at the end of 2023 with GDP at $3,592 billion
France which is renowned for its robust social welfare system, substantial investment in research and development has a GDP of $3,182 billion
Italy boasts a highly developed market as the third-largest economy in the European Union and has a GDP of $2,280 billion
Brazilian economy is highly dependent on agriculture, mining, manufacturing and services with a GDP $2,272 billion
The Canadian economy relies heavily on its abundant natural resources, encompassing oil, gas, minerals, and timber and has GDP of $2,242 billion