The United States of America, China, Germany, Japan, and India are the largest economies in the world in 2024, as per their GDP data. GDP serves as a key metric for assessing the magnitude of a nation’s economy. The conventional approach for gauging a country’s GDP involves the expenditure method, wherein the total is derived by aggregating expenditure on fresh consumer goods, new investments, government outlays, and the net value of exports.
This article aims to provide insight into the ten largest economies in the world in 2024, arranged by their GDP.
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