Get the Latest information about World Economy Ranking 2023, Largest Economy Countries in 2023, Top 10 world largest Economy. Today India is counted among the top five economies of the world and the story behind it is very long. Know here the account of the journey of the Indian economy from 10th to 5th position.
World Economy Ranking 2023
If you are looking for complete information about World Economy Ranking 2023. In this article, we will learn about the World GDP 2023 Ranking. The United Nations said that India will remain the fastest-growing major economy in the world this year, registering a growth rate of 5.8 percent, while the growth rate of the rest of the world is only 1.9 percent.
Now we discuss the world economy ranking of India (World Economy Ranking India) for 2023. Recently India has become the fifth largest economy in the world by surpassing the United Kingdom. Now only the United States, China, Japan, and Germany have bigger economies than India.
World Economy Ranking 2023 Overview
| Post Title | World Economy Ranking 2023 |
| Category | Ranking |
| Organization | International Monetary Fund |
| Released by | IMF |
| Year | 2023 |
| World Economy 2023 | $105 Trillion |
| Official website | imf.org |
World Economy Ranking 2023 list
According to the data of the International Monetary Fund and Visual Capitalist for October 2022, the list of the ten richest countries ( World Economy Ranking 2023 Top 10 countries) of the world are given below.
- America, US$ 25.035 trillion
- China, US$ 18.321 trillion
- Japan, US$ 4.301 trillion
- Germany, US$ 4.031 trillion
- India, US$ 3.469 trillion
- UK, US$ 3.199 trillion
- France, US$ 2.778 trillion
- Canada, US$ 2.2 trillion
- Russia, US$ 2.113 trillion
- Italy, US $ 1.99 trillion
World Economy Ranking 2023 Top 10
- The United States– it has a nominal GDP of $21.44 trillion and ranks first among the world’s largest economies and second in the world for the estimated value of natural resources.
- China – China is the world’s second largest economy with a nominal GDP of $14.14 trillion and a GDP (PPP) of $27.31 trillion.
- Japan– Japan is the world’s third largest economy with a GDP of $5.15 trillion and a GDP (PPP) of $5.75 trillion
4) Germany– has a GDP of $4.0 trillion and a per capita GDP of $46,560, Germany is the fourth largest economy in the world.
- India– The Indian economy is projected to emerge as the world’s fifth largest economy with a GDP of $3.5 trillion in 2022.
- United Kingdom– The United Kingdom, with a GDP of $2.83 trillion, is the sixth largest economy in the world. The UK is expected to become the seventh largest economy by 2023.
- France– With a nominal GDP of $2.71 trillion and a per capita GDP of $42,877.56, France is the third-largest economy in Europe and the seventh largest in the world.
- Italy– With a nominal GDP of $1.99 trillion, Italy is the eighth largest economy in the world. Italy has an economy of $2.40 trillion and a per capita GDP of $34,260.34.
- Brazil – Brazil is the ninth largest economy in the world and the largest and most populous country in Latin America with a nominal GDP of $1.85 trillion.
- Canada– With a GDP of $1.73 trillion and a GDP per capita of $46,260.71, Canada is the tenth largest economy in the world. Canada’s GDP is expected to grow to $2.13 trillion by 2023.
World Economy Ranking 2023 in Trillion
By the end of this year, World Economy Ranking 2023 will have crossed Gross Domestic Product ( World GDP 2023 Ranking) of 105$ Trillion. This GDP is calculated on the basis of previous year World Economy by the International Monetary Fund (IMF).
World Economy Ranking 2023 IMF
According to the International Monetary Fund, the United States, China, and Japan are the world’s three largest economies as measured by nominal GDP, respectively. India’s growth rate for the financial year 2023-24 (World GDP Ranking 2023 India) is estimated to be 6.1%, slightly slower than the rest of the world’s economies, but higher than the global average. In 2023, India will contribute about 15% to the global growth.
World Economy Ranking 2023 Top 30
- United States of America
- China
- Japan
- Germany
- India
- United Kingdom
- France
- Italy
- Canada
- Brazil
- Russia
- South Korea
- Australia
- Mexico
- Spain
- Indonesia
- Netherland
- Saudi Arabia19. Turkey
- Switzerland
- Taiwan
- Poland
- Argentina
- Belgium
- Sweden
- Ireland
- Thailand
- Norway
- Israel
- Singapore
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FAQs on World Economy Ranking 2023
What is the rank of India’s economy in 2023?
The rank of India’s Economy in 2023 is 5th in the world.
Who has the strongest economy in the world 2023?
United States is the world’s largest economy.
In 2014 modi Government take charge of INDIA then India was in 10 th position in Economic ranking in the world with 2.0 trillon… In 2023 Modi jee lift India in 5th position with 3.469 trillion… Dollar
Bharat will become 3rd largest economy in the world by 2027under Modi Ji leadership
Yes Surely!
Hopefully so but the number of poor people will increase because of corruption and less expenditure on social services.
The rich got richer; the poor mostly stayed poor. And the gap widened. Today, the richest 10% in India controls 80% of the nation’s wealth, according to a 2017 report published by Oxfam, an international confederation of agencies fighting poverty. And the top 1% owns 58% of India’s wealth
Why is India’s GDP in PPP not given?
India will pip Germany by a huge margin in PPP terms.
I am looking for economic and socio-economic future of Modi’s Bharat much better than ever before, may even be highest in the world provided that multi-facet corruption is eradicated. Hopefully, emerging Bharat will capable to establish Vasudevkutumbkam and strong brotherhood in the world. Jai Hind.
Yes, this is the right tune …
India is emerging under the leadership of respected Honb’le PM Modiji
With the existing growth rates Bharat should catch up with Germany and Japan in coming few years.
Credit goes to administrator of the country.Great leadership with all the discipline. All credit goes to Bhartiya Prime Minister Mr.Modi.
He has not only improved lives of people He raised the self confidence of each individual in Bharat.I solute PM Modi and his team
Bob Aurora
Russia is now the 5th largest economy in the world and biggest in Europe despite sanctions.
Proud to Say Increase GDP 5th Rank
India has done very well in the last decade. Much of the achievement is a credit to Modi’s leadership. The people of India should continue to support Modi and a lot more will be achieved in the next decade. I am of Indian origin and it makes me proud to see what my motherland is achieving
Then vote for modi jeep in 2024 elections
GDP per person must triple in the next five years with GDP at 8 to 10 trillion.
Congratulations, India n PM Modi.
You have outperform the rest of the world.
There is plenty to do still.
No.1 is only 4 steps away!
NEW INDIA NEW VISION….
UNDER THE LEADERSHIP OF OUR PRIME MINISTER RESPECTED MODI जी…INDIA WILL(भारत) ACHIEVE MORE…
India is third before Modi came to power
See the power of Modi from third to fifth
Wowewe
Russia is doing good with all sanctions on it.Without santions it would be number three.
India has a strong capability to surpass Germany and even Japan!
I would like to appreciate the growth in economy and GDP, but my basic questions and concerns are for increasing population of India. Will Indian Government frame some robust policy for population control. Largest population of India lowers its rank in terms of GDP per capita.
All of u dumbers…63% of our population is still living in extreme poverty..GDP does not matter….per capita income and standard of per capita living improves the overall quality of life.
I’m looking for economic development and growth it will be soon 2024
Sure INDIA comes 3rd Position
Good growth of our economi realy best साइन of devolopment but all of this due तो heavy Texation प्लान
Why “The Indian economy is projected to emerge”
As if the it’s not true.
I don’t think so. Everything is costlier day by day. Then labour rate is very low. When good economic country everything is cheap and labour rate is high.