10 largest economies in the world by GDP of 2022
Introduction
The list of the top 10 countries in terms of GDP is constantly changing, but we’ve compiled a list of the largest economies by 2022. We’ll update this list as we get new figures from the World Bank and other sources. Many countries with the largest GDPs are highly developed countries with large populations and lots of agriculture, manufacturing, and technological industries, which contribute lots to a country’s GDP. It’s calculated by adding up all final goods and services produced in one year, then dividing by the population size to get an average per capita income.
For example, if you work at McDonald’s for $10 an hour and make $20k per year (your total income after taxes), then your family would be making about $40k ($20k+$20k). That means that if you have two kids who are both still living with their parents but don’t go to school yet (because they’re too young), then your annual income would be about $80k, which isn’t bad considering how expensive it can be living in America nowadays!
1. USA
The United States is the world’s largest economy, with a GDP of $20 trillion. The U.S. has the largest purchasing power parity (PPP) economy—the value of all goods and services produced within a country divided by its population. It’s also an exporter and importer of goods, which makes it one of two countries capable of exporting more than it imports (India being the other). The United States is the largest economy in the world and has the highest GDP (Gross Domestic Product). It also has a large population of 325 million people, which makes it one of the most populous countries in terms of population size. The United States is a democracy with free market capitalism as its economic system, making it similar to many other developed nations on this list but also different from them due to its history as an independent nation rather than being part of another country before becoming sovereign again after World War II ended (i.e., Canada).
The U.S. is also home to many Fortune 500 companies such as Apple Inc., Microsoft Corp., Disney Enterprises Inc., Tesla Motors Inc., Nike Inc., and Google Inc./Alphabet LLC – but there are so many more!
2. China
China’s GDP is $16.5 trillion, and its economy is the world’s second-largest by nominal GDP, but it’s also the largest by purchasing power parity (PPP). China’s economy is the second largest in the world, growing at a rate of 6.2%. By 2022, it’s expected to grow to $23 trillion — larger than your own country! The average Chinese citizen lives in poverty, earning around $8,000 annually—a figure that will only grow if Beijing fails to reverse its economic policies and implement reforms.
China has been on an incredible run since 2009: its GDP has grown by more than 10% per year, making it one of the fastest-growing economies in history. This is primarily due to their high levels of investment in infrastructure projects like bridges and railroads (and even roads).
The Chinese government also encourages its citizens to buy things from foreign companies instead of domestically produced goods so they can sell them overseas more easily; this strategy seems effective because many people enjoy shopping for luxury goods without having much money themselves!
3. India
India is the world’s fourth-largest economy in terms of purchasing power parity (PPP). The country has a market-based mixed economy with a large government sector and a small private sector. In 2017, India was estimated to have an annual GDP of $2,923 billion, according to the International Monetary Fund (IMF).
The Indian economy was ranked the 37th largest in the world by GDP per capita in 2016 at $1,904 per capita. Still, it is expected to increase by 1% from 2017, with an average growth rate of 2% over the next five years according to IMF’s World Economic Outlook report released on October 17th, 2018. India is the world’s 5th largest economy, with a GDP of 2.7 trillion dollars in 2022. It has a population of 1.3 billion people and is one of the fastest-growing economies in the world today.
India’s growth rate is 7.5%, making it one of Asia’s most dynamic nations regarding economic expansion and prosperity. India has many companies that produce goods for export, such as textiles, electronics, and automobiles; however, they also produce high-quality medicines at affordable prices that are exported around the globe (for example, GSK).
4. Japan
Japan is the world’s fourth-largest economy. It has a population of 127 million people employed in various industries, including manufacturing and services. The country has also been an exporter of goods to other nations for decades, contributing to its GDP. Its economy is also the third largest in Asia by nominal GDP. In addition, Japan’s per-capita GDP is higher than any other country’s but only second to China’s $24,000 per person.
Japan enjoys a high standard of living due to its strong brand name recognition and competency in technology manufacturing which has led it to become one of today’s leading global economies.
The Japanese government has tried to encourage domestic demand by lowering interest rates and increasing spending on infrastructure projects such as roads and railways over recent years. However, this strategy may not be effective because it relies heavily on foreign investors’ confidence in Japan’s economy before they invest here again after Brexit (Britain leaving Europe).
5. Germany
Germany is the 5th largest economy in the world, with a population of 80 million and a GDP of $4.5 trillion. It’s also one of the most developed countries in Europe, with some of its world-class industries, like automobile manufacturing. Germany’s GDP per capita is $42,000, making it one of the highest in income inequality among all developed nations on Earth (and probably even more so than us). Its GDP was $3.67 trillion in 2016, and its population is 82 million people. In 2017, Germany’s GDP per capita was $47,500 (compared to an average of $52,000 for other large economies).
Germany has been a major exporter since World War II because it manufactures many goods sold internationally—including cars and machinery that can be used worldwide. In addition to manufacturing products like BMW cars or Siemens turbines for power plants around the globe, German companies also export chemicals like industrial solvents used in paintbrushes or construction materials such as glass fiber reinforced plastics (GRFP).
The country has been known for having strong industrial relations policies, which have allowed them to stay competitive despite its large size and high wages compared to other countries around them; however, they do face some challenges due to its aging population, which will require additional investment into healthcare systems if they want their economy to thrive long term.
6. Indonesia
Indonesia is a country in Southeast Asia. It has the world’s 16th largest economy by nominal GDP and one of the ten largest economies by purchasing power parity. Indonesia’s annual economic growth rate has been about 5% for over 20 years and is expected to continue at this pace through 2022.
For the last few spots, there is always a tough fight between the below-listed countries. The countries are :
7. U.K.
The U.K. is the seventh largest economy in the world, and its GDP stands at $2.7 trillion, which is $622 billion more than India’s. It has a population of 58 million and an average annual growth rate of 2.3%. The services sector accounts for more than 50% of its gross domestic product (GDP), followed by manufacturing and agriculture/forestry/fish processing industries.
With such large numbers as these, it’s no surprise that several companies are here that can help you with your international business needs!
8. France
France is a highly developed country with a large population. The country has a high standard of living thanks to its industry sector; however, it also imports many goods from other countries such as Germany or Japan because doing so helps them meet their needs better than if they made everything themselves. France has a large agricultural sector and a large manufacturing sector. France also has a large service sector, which makes up for about half of its GDP. The U.K. is the sixth largest economy in the world, with a GDP of $3.5 trillion and an expected GDP per capita of $37,000. This makes it one of the wealthiest countries in terms of income inequality and economic output per person. France is the 7th largest economy in the world and is a member of the G7, G20, NATO, and WTO. It’s also a member of the United Nations Educational, Scientific and Cultural Organization (UNESCO) since 1945.
France has an exchange rate policy for its currency called “flexible exchange rates,” which means that there are no fixed rates for trading foreign currencies like dollars or euros against each other, but instead, this can vary depending on how much demand there is for different types of money at any given time!
The U.K.’s economy has been growing steadily and will continue to do so for some time since it has a large pool of skilled workers willing to work hard at whatever jobs they have available at any given time.
9. Brazil
It has a GDP of $2 trillion and a population of approximately 207 million.
Brazil’s economy is made up of two sectors: public and private. The public sector includes governmental bodies such as the military and police, healthcare services, education, research institutes, and other social welfare programs. On the other hand, many private companies operate within Brazil’s borders, including banks and insurance companies; manufacturing companies like Coca-Cola; retail outlets like Walmart; restaurants such as McDonald’s, etc.,
10. Italy
Italy is a country in southern Europe that has a population of 60 million people and an economy worth $1 trillion. Italy’s GDP grew by 1.6% in 2018, making it the fourth-largest economy in Europe and one of eight worldwide with a GDP of over $1 trillion.
Italy’s most significant exports include cars and vehicles; clothing (including leather); metal products; chemicals (notable pharmaceuticals); foodstuffs; processed foods—including wines—and industrial equipment such as turbines or pumps used in power plants or oil refineries; also gems & jewelry.
11. Canada
Canada is the largest country in North America, and it’s also an economic powerhouse. The government is a federal parliamentary democracy and a constitutional monarchy, with its capital city being Ottawa.
Canada’s largest city is Toronto, which has about 3 million residents as of 2019. In addition to Toronto’s central metropolitan area (which includes parts of neighboring Ontario), many smaller cities throughout Canada make up their own municipality: Calgary; Edmonton; Winnipeg; Mississauga/Toronto/Hamilton; Vancouver/Victoria/Whistler BC; Montréal LaSalle QC Quebec City Gatineau Gatineau QC Saint John NB Halifax NS St John NB Saint John NB Charlottetown PEI Moncton NB Fredericton NB Saint John NB Edmundston NB MonctonNBSaintJohnNB
12. Russia
Russia is the largest country in the world, with a population of 142 million. Its economy is worth $1.2 trillion and produces $40 billion of goods annually. The Russian economy’s GDP per capita is $38,900—about half that of Germany or France and much less than China or India.
Takeaway:
The takeaway from this article is that the USA is still the largest economy in the world, and it will be for a long time to come. China is second, Japan third, and Germany fourth.
Conclusion:
The United States is the world’s largest economy. It has a GDP of nearly $20 trillion, about three times larger than China’s economy in 2018 (about $11 trillion). The U.S. also has one of the most developed countries in investments in technology and industries like pharmaceuticals, energy generation, and transportation systems. If you’re looking for more information about the top 10 largest economies in the world, check out our article on this topic. We also have plenty more information about each country, so feel free to browse them!
Frequently Asked Questions (FAQs)
1)Which country is the world’s largest economy?
The USA has the world’s largest economy.
2)Largest country in the world?
Russia is the largest country in the world.
3) Which is the largest city in Canada?
Canada’s largest city is Toronto.
