In 2024, The Top 30 Biggest economies by GDP (PPP)
The world economy is constantly changing and evolving, and projections are often made about what it might look like in upcoming years. In this case, we're going to take a look at what the top 30 biggest economies by GDP (PPP) might look like in 2024.
GDP (PPP) stands for gross domestic product (purchasing power parity) and is a measure of the economic output of a country. It takes into account the relative prices of goods and services in different countries, which allows for a more accurate comparison of economic output.
According to projections, China is expected to retain its position as the largest economy in the world in 2024, with a GDP (PPP) of $32.89 trillion. This is followed by the United States, with a projected GDP (PPP) of $26.94 trillion.
India is expected to take third place, with a projected GDP (PPP) of $13.11 trillion. This may seem like a significant gap compared to China and the US, but given that India is currently the world's sixth largest economy, this would still represent significant growth.
Japan is projected to come in fourth place, with a GDP (PPP) of $6.46 trillion, followed by Germany with $5.55 trillion and Russia with $5.05 trillion.
The rest of the top 10 includes Indonesia, Brazil, the UK, and France. Turkey, Mexico, Italy, South Korea, Spain, Canada, Saudi Arabia, Egypt, Iran, Australia, Poland, Taiwan, Thailand, Pakistan, Bangladesh, Vietnam, Nigeria, the Netherlands, the Philippines, and Argentina make up the remaining spots.
It's worth noting that these projections are just that - projections. A lot can happen in the world economy between now and 2024, and unforeseen events could change the shape of the global economy significantly. Additionally, this list only takes into account GDP (PPP), and other economic metrics might paint a different picture.
However, the projections do give us a sense of where the world economy might be headed in the coming years, and it's interesting to see which countries are expected to maintain their economic dominance and which are projected to rise up the ranks. It will be fascinating to see how accurate these projections ultimately end up being.
In 2024, The Top 30 Biggest economies
by GDP (PPP)
1. China: $32.89 Trillion
2. USA: $26.94 Trillion
3. India: $13.11 Trillion
4. Japan: $6.46 Trillion
5. Germany: $5.55 Trillion
6. Russia: $5.05 Trillion
7. Indonesia: $4.3 Trillion
8. Brazil: $4.01 Trillion
9. UK: $3.87 Trillion
10. France: $3.86 Trillion
11. Turkey: $3.80 Trillion
12. Mexico: 3.27 Trillion
13. Italy: 3.19 Trillion
14. South Korea: 2.92 Trillion
15. Spain: $2.41 Trillion
16. Canada: $2.38 Trillion
17. Saudi Arabia: $2.25 Trillion
18. Egypt: $1.81 Trillion
19. Iran: $1.73 Trillion
20. Australia: $1.72 Trillion
21. Poland: $1.71 Trillion
22. Taiwan: $1.69 Trillion
23. Thailand: $1.58 Trillion
24. Pakistan: $1.57 Trillion
25. Bangladesh: $1.48 Trillion
26. Vietnam: $1.43 Trillion
27. Nigeria: $1.37 Trillion
28. Netherlands: $1.30 Trillion
29. Philippines: $1.28 Trillion
30. Argentina: $1.24 Trillion
The top 30 biggest economies of 2024 by GDP (PPP) showcase the diverse array of countries contributing to the global economic landscape. From powerhouses like China and the USA to emerging markets such as Indonesia and Turkey, each nation plays a crucial role in shaping trade, innovation, and development worldwide. As we look ahead, these rankings highlight the dynamic nature of the global economy and underscore the importance of collaboration and adaptation in navigating future challenges and opportunities.
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