As of 2024, the top 10 richest countries in the world by nominal GDP are:
Thank you for reading this post, don't forget to subscribe!Thank you for reading this post, don't forget to subscribe!- United States – $28.78 trillion
- China – $18.53 trillion
- Germany – $4.59 trillion
- Japan – $4.11 trillion
- India – $3.94 trillion
- United Kingdom – $3.5 trillion
- France – $3.13 trillion
- Brazil – $2.33 trillion
- Italy – $2.33 trillion
- Canada – $2.24 trillion
These rankings are based on nominal GDP, which measures the economic output using current U.S. dollars without adjusting for differences in purchasing power or living costs across countries【49】【50】【51】.
Here are the top 10 richest countries in the world in 2024 by nominal GDP and the main sources of their economies:
- United States – $28.78 trillion
Sources of Economy: Technology, financial services, healthcare, manufacturing, and entertainment. The U.S. also leads in innovation, driven by companies in Silicon Valley and Wall Street’s financial influence.
- China – $18.53 trillion
Sources of Economy: Manufacturing, technology, exports, and infrastructure development. It remains the world’s largest exporter, with industries in electronics, machinery, and textiles.
- Germany – $4.59 trillion
Sources of Economy: Automotive industry, engineering, chemicals, and machinery exports. Germany is a global leader in industrial technology and green energy innovation.
- Japan – $4.11 trillion
Sources of Economy: Automotive, robotics, electronics, and advanced manufacturing. Japan is also a major exporter of high-tech goods.
- India – $3.94 trillion
Sources of Economy: IT services, agriculture, manufacturing, and a growing services sector. India has a rapidly expanding digital and tech industry.
- United Kingdom – $3.5 trillion
Sources of Economy: Financial services, manufacturing, healthcare, and creative industries. London is a global financial hub.
- France – $3.13 trillion
Sources of Economy: Luxury goods, aerospace, agriculture (wine and cheese), and tourism. France is also a leading global exporter of cultural goods.
- Brazil – $2.33 trillion
Sources of Economy: Agriculture, mining, energy, and manufacturing. Brazil is a global leader in soybean and coffee exports.
- Italy – $2.33 trillion
Sources of Economy: Fashion, luxury goods, automotive, and tourism. Italy also has a strong agribusiness sector (wine and olive oil).
- Canada – $2.24 trillion
Sources of Economy: Natural resources (oil, gas, and timber), technology, and manufacturing. Canada is also a major exporter of minerals and energy.
These nations have diverse economies, with key industries ranging from technology and finance to manufacturing and natural resources. Their wealth reflects their ability to innovate, export, and attract investments globally.
Source: Statisticstimes and investopedia website