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World Economy Ranking 2024, Top 10 Countries By GDP

World Economy Ranking 2024: China and Japan follow the United States in our 2024 World Economy Ranking. Additionally, the United Kingdom, Germany, and India occupy subsequent positions. Each nation has a unique economic structure, and factors determine its financial influence, including natural resources, population size, politics, and trade agreements.

What is GDP and How is it Calculated?

Gross domestic product (GDP) measures the total market value of all commodities and services produced during a specified period. It is an indicator of economic health, often adjusted for inflation to depict national wealth accurately.

The United States has the world’s largest economy with a nominal GDP of over $26 trillion, followed by China with a growing emphasis on manufacturing and investment, India, another top 10 economy, and expanding middle classes with significant consumption…

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