THE TOP 20 LARGEST ECONOMIES IN THE WORLD BY GDP 2022

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Rank 1 : United States $24,796,076,000,000 trillion - The United States has been the world’s largest economy since 1871. The nominal GDP for the United States is $24.79 trillion in 2022.

Rank 2 : China $18,463,013,000,000 trillion - China is the second-largest economy considering nominal GDP, at $18.46 trillion.

Rank 3 : Japan $5,383,682,000,000 trillion - Japan has the third-largest economy in the world with a GDP of $5.38 trillion.

Rank 4 : Germany $4,557,035,000,000 trillion - The German economy is the fourth-largest in the world with a GDP of $4.5 trillion.

Rank 5 : United Kingdom $ 3,442,205,000,000 trillion - The United Kingdom’s economy is the fifth-largest in the world with a GDP of $3.44 trillion.

Rank 6 : India $3,250,078,000,000 trillion - India, which has a $3.25 trillion GDP, is the sixth-largest economy in the world.

Rank 7 : France $3,140,031,000,000 trillion - before growth moderates to 4.2% in 2022 and 2.1% in 2023.

Rank 8 : Italy $2,272,269,000,000 trillion - Improved labour market outcomes will boost private consumption while the recovery and investment plans will support investment.

Rank 9 : Canada $2,189,786,000,000 trillion - The Canadian economy mostly likely started 2022 on a strong footing.

Rank 10 : South Korea $1,907,661,000,000 trillion - Growth is set to reach 4% in 2021 and to remain robust in 2022 and 2023, averaging close to 3%.

Rank 11 : Brazil $1,810,612,000,000 trillion - The Brazilian government has cut its forecast for gross domestic product (GDP) growth in 2022 to 1.5 per cent from 2.1 per cent estimated in November 2021.

Rank 12 : Russia $1,703,527,000,000 - Global cut its 2022 GDP growth estimate for Russia by more than 11 percentage points to an 8.5% contraction, while its forecasts for Poland and Turkey were shaved by more than 1 percentage point, due to the effects of the war in Ukraine.

Rank 13 : Australia $1,677,451,000,000 trillion - The Omicron wave dampened the start of 2022, but better than expected health outcomes have allowed the economy to re-open.

Rank 14 : Spain $1,570,091,000,000 trillion - We expect the economy to grow by about 5.0% in 2022, matching the 5.0% growth in 2021.

Rank 15 : Mexico $1,371,635,000,000 trillion - The economy is projected to expand by 3.3% in 2022 and by 2.5% in 2023, after growing by 5.9% in 2021.

Rank 16 : Indonesia $1,247,352,000,000 trillion - Indonesia expects its economy to grow between 5.3% to 5.9% next year, above 2022's 5.2% growth target.

Rank 17 : Iran $1,136,683,000,000 trillion - Having proven more resilient and diversified than some predicted, Iran's economy grew 2.4 percent in 2020-2021.

Rank 18 : Netherlands $1,070,754,000,000 trillion - The growth in 2022 is due to the very strong economic recovery in late 2021 after the coronavirus (COVID-19) crisis. Inflation is expected to be 6.7% this year and 2.8% in 2023.

Rank 19 : Saudi Arabia $876,148,000,000 billion - In the long-term, the Saudi Arabia GDP is projected to trend around 820.00 USD Billion in 2022 and 850.00 USD Billion in 2023, according to our econometric models.

Rank 20 : Switzerland $862,819,000,000 billion - 2022 should yet see Swiss gross domestic product (GDP) grow by 2.8%.

THE TOP 20 LARGEST ECONOMIES IN THE WORLD BY GDP

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