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50. Ukraine GDP (PPP): $441 billion  Ukraine is a lower-middle-income country. The Ukrainian economy, which contracted by 30% in 2022 as a result of Russia's invasion, is predicted to expand by 0.5% in 2023, according to the World Bank.

49.     Israel's GDP (PPP) is at $500 billion. One of the most developed nations in the world, Israel invests extensively in innovation, R&D, and development.  The IMF estimated its PPP-based GDP to be $500 billion in 2022.

48.     $507 billion in GDP (PPP) for Hong Kong According to official projections, Hong Kong's economy would rise by 3.5% to 5% in 2023 as a result of rising tourist and domestic expenditure. Compared to last year, when the GDP contracted by more than 4% during the previous three months.

47. $520 billion in GDP (PPP) for the Czech Republic One of the twenty most developed economies in Europe is the Czech Republic. According to PPP estimates, the nation's GDP will reach $520 billion in 2022.

46. $521 billion in GDP (PPP) for Iraq By PPP, Iraq has one of the top economies. Iraq's GDP grew by 8% in 2022 as a result of higher oil production and a rise in oil prices throughout the world.

45. $524 billion in GDP (PPP) for Peru The OECD projects that Peru's GDP will increase by 1.7% this year. Based on purchasing power parity, the IMF anticipated that in 2022, the size of its GDP would be $524 billion.

44.     $579 billion in GDP (PPP) for Chile The growth of Chile's GDP in 2022 was 2.4%, fueled by exports of copper and lithium. The IMF estimated the size of the economy to be $579 billion in PPP and $301 billion in nominal terms in 2022.

43.     $583 billion in GDP (PPP) for Algeria Algeria, a country in North Africa, was one of the world's 50 greatest economies in 2022 with a GDP of $583 billion in PPP values.

42.     GDP (PPP) of Kazakhstan: $603 billion According to the IMF, Kazakhstan, a former Soviet republic, will have the biggest economy in Central Asia in 2022 with a PPP GDP of $603 billion. The Kazakh economy is expected to increase by 3.5% in 2023, according to World Bank projections, driven by the exploitation of plentiful natural resources and strong FDI.

41.     $605 billion in GDP (PPP) for Austria One of the largest economies in terms of PPP is Austria. It is now experiencing a recession. Only a 0.2% increase in the country's GDP is anticipated in 2023. The IMF estimated the size of the Austrian economy at $605 billion in PPP last year.

40.     Ireland's GDP (PPP) is at $687 billion. Ireland had the fastest-growing economy in Europe in 2022, with a GDP growth rate of 12.2%. Export expansion, rising private consumption, and multinational investments were major contributors to this.

39.     GDP (PPP) of Sweden: $689 billion The Swedish government characterized their 2023 prognosis as "gloomy" last year. This year, the economy is predicted to shrink by 1%. Despite this, Sweden's economy is still one of the largest in the world, with a GDP of $689 billion in PPP in 2022.

38.     The GDP (PPP) of Singapore is $719 billion. In terms of buying power parity, Singapore is among the top economies. It is a high-income nation with a GNI per person that exceeds $64,000. The nation is a significant center for international trade and finance. With 1.8% of all daily trading in the foreign currency market, the Singapore Dollar is one of the most traded currencies in the world.

37.     GDP (PPP) of Belgium: $733 billion NATO and the European Union have their headquarters in Belgium, one of the most powerful nations in terms of politics in the world. The Belgian economy is expected to rise by 0.9% this year, according to the OECD. The IMF estimated its GDP based on PPP to be $733 billion in 2022.

36. GDP (PPP) of Romania: $737 billion By PPP, Romania has one of the highest GDPs. GDP growth in Romania was 4.2% in 2022. Higher private consumption and greater investments in the nation that year were the driving forces behind this strong development. The IMF estimates the GDP to be $737 billion in PPP terms.

35.     $740 billion GDP (PPP) for Switzerland According to the IMF, Switzerland, one of the wealthiest nations in Europe, would have a GDP in PPP terms of $740 billion in 2022. The Swiss Franc is one of the most traded currencies in the world thanks to the country's financial sector, which serves as a shelter for investors.

34.     GDP (PPP) of the United Arab Emirates: $828 billion The GDP of the Emirati country increased by 7.6% in 2022, and estimates for this year are also higher than 7%. By 2031, the UAE's government wants to have a doubled GDP. The IMF calculated its value at $828 billion in terms of purchasing power parity.

33.     South Africa GDP: $953 billion (PPP) The planned power outages have increased operational expenses, which has prevented South Africa's economy from growing to its full potential. Despite this, the nation continues to dominate the African continent's economy.

32.     $968 billion in GDP (PPP) for Colombia In 2022, Colombia's GDP growth was estimated to be 7.2%. The World Bank, however, forecasts a slowdown this year, at 1.7%. The GDP of the nation is believed to be $968 billion in PPP terms.

31.     $1.13 trillion in GDP (PPP) for Malaysia Malaysia's economy outperformed some other nations in the area, notably China, Indonesia, and Vietnam, growing by 5.6% in the first quarter of 2023. Based on purchasing power parity, the IMF estimated the size of the Malaysian economy to be $1.13 trillion.

30.     GDP (PPP) of the Philippines: $1.17 trillion The GDP of the Philippines' economy, measured in PPP, is $1.17 trillion. By 2050, the country is expected to become one of the 20 largest economies in the world, according to PwC. In 2023, economic growth is predicted to be 6.3%. The Asian Development Bank (ADB) predicts that the Philippines will soon have an upper-middle-income economy.

29.     $1.22 trillion in GDP (PPP) for Argentina One of the highest GDPs in terms of purchasing power parity belongs to Argentina. Inflation has reached 100%, and the central bank has increased interest rates to 97% in an effort to slow down economic activity, contain hyperinflation, and encourage investments in the local currency. This is one of the country's biggest economic crises since it gained independence. In spite of these difficulties, South America's economy is nonetheless robust. Argentina's GDP was valued at $1.22 trillion in PPP terms in 2022, according to the IMF.

28.     Netherlands: $1.23 trillion in PPP GDP The Dutch economy expanded at a 4.3% annual rate in 2022, while 0.8% growth is predicted for 2023. The Netherlands had one of the strongest economies in the world last year, with a GDP of $1.23 trillion calculated in terms of purchasing power parity.

27.     Nigeria's GDP (PPP) is at $1.28 trillion. The largest proven crude oil reserves in Africa are in Nigeria, which also has the largest proven gas reserves. It has Africa's biggest economy. The Nigerian economy is anticipated to expand by an average of 2.9% between 2023 and 2025, according to the World Bank.

26.     $1.32 trillion in GDP (PPP) for Vietnam According to PPP, Vietnam has one of the greatest economies in the world. In 2022, the IMF estimated that the PPP size of the Vietnamese economy was $1.32 trillion. The GDP of the nation increased by 8% last year, but since the European Union and the United States are two of Vietnam's biggest trading partners, the growth rate is anticipated to decline in 2023.

25.     $1.34 trillion in GDP (PPP) for Bangladesh The anticipated GDP growth for Bangladesh in 2023 is 5.3%. After the Maldives and India, this South Asian nation has the third-highest growth rate. According to estimates using purchasing power parity, Bangladesh's GDP will reach $1.34 trillion in 2022.

24.     Thailand's GDP (PPP) is at $1.48 trillion. After travel restrictions were loosened in May 2022, Thailand saw a rise in tourists. This has aided Thailand's economy in recovering from the Covid-19 pandemic's impacts. Thailand's GDP grew by 2.7% in the first quarter of 2023 as opposed to 1.4% in the last quarter of 2022.

23.     Pakistan's GDP (PPP) is at $1.52 trillion. The fifth-most populated country in the world is Pakistan. The country has enormous future potential thanks to its huge youth population and its sizable market. The IMF estimated Pakistan's GDP at $1.52 trillion in purchasing power parity in 2022.

22.     Iran's GDP (PPP) is at $1.60 trillion. Iran's economy survives despite Western sanctions because of its abundance of natural resources. In 2023, the GDP is expected to expand by 2.2%. In terms of nominal GDP, Iran has the 19th-largest economy in Asia.

21.     $1.61 trillion in GDP (PPP) for Taiwan One of the four Asian Tigers, along with Hong Kong, Singapore, and South Korea, is Taiwan. The IMF estimated the size of the Taiwanese economy in PPP terms to be $1.61 trillion.

20.     Australia GDP (PPP): $1.62 trillion Australia is the 20th largest economy in the world in terms of purchasing power parity, with a GDP of $1.62 trillion in 2022 as per the IMF. The Australian Dollar is the premier currency of the Asia-Pacific region and is the sixth largest trading currency in the world with a daily trade volume closing in on $500 billion in the foreign exchange market.

19. Poland's GDP (PPP): $1.64 trillion Increased energy prices and a large influx of refugees in the wake of Russia’s invasion of Ukraine have taken a toll on Poland’s economy. The country had a GDP growth of 5.1% in 2022, but the projection for 2023 is a mere 0.7%.

18.     Egypt GDP (PPP): $1.67 trillion Egypt had a GDP of $1.67 trillion based on PPP in 2022. The economy grew by 6.6% but is expected to decline to 4.5% in 2023. According to the PwC, Egypt will overtake countries like Canada and Italy to become the 15th largest economy in the world by 2050.

17.     Saudi Arabia's GDP (PPP): $2.15 trillion Saudi Arabia is the 17th largest economy in the world, in terms of both nominal GDP and GDP based on PPP. The kingdom is one of the largest exporters of oil in the world, and a founding member of OPEC.

16. Spain's GDP (PPP): $2.24 trillion Spain’s GDP is expected to grow by 1% in 2023. This is a drop from 5.5% in the previous year. According to the IMF, Spain’s economy is worth $2.24 trillion in terms of purchasing power parity.

15.     Canada GDP (PPP): $2.26 trillion Canada is the 15th largest economy in the world in terms of PPP. The IMF in 2022 estimated the GDP of Canada at $2.26 trillion in PPP. The Canadian Dollar is the seventh most traded currency in the world, with a daily trade volume of $460 billion in the forex market.

14.     South Korea GDP (PPP): $2.77 trillion South Korea had a GDP growth rate of 2.6% in 2022, which is expected to decline to 1.6% in 2023 due to an economic slowdown in the electronics industry. Despite that, South Korea is among the fastest-growing emerging markets in the world, and in 2022, the size of its economy was measured at $2.77 trillion.

13.     Mexico GDP (PPP): $2.95 trillion Mexico is one the biggest trading countries in the Latin America region. The PwC has projected Mexico to be the seventh-largest economy in the world by 2050. Currently, it is the 15th largest in terms of nominal GDP, and 13th in the world ranked by PPP.

12.     Italy GDP (PPP): $3.05 trillion Italy is an economic powerhouse in Europe, boasting a GDP based on PPP of $3.05 trillion in 2022, according to figures shared by the IMF. The Italian government expects the GDP to grow 1.2% this year, above the initial target of 1%.

11.     Türkiye GDP (PPP): $3.35 trillion Turkey is a member of the G20 and OECD. In 2022, the size of the Turkish economy based on purchasing power parity was measured at $3.35 trillion by the IMF. Despite the Turkish Lira taking a beating in the last few years, the economy remains strong. The GDP expanded by 5.2% last year.

10.     France GDP (PPP): $3.70 trillion France had a GDP growth of 2.6% in 2022. The size of its economy in PPP terms was measured at $3.70 trillion. This year the economy is likely to slow down and be subdued to a rise in energy prices.

10 Largest Economies in the World Ranked

9.       United Kingdom GDP (PPP): $3.71 trillion The United Kingdom is Europe’s second-largest economy. In 2022, the country’s GDP was estimated to be $3.71 trillion. Currently, the UK is going through its worst energy and cost of living crisis. The ongoing political turmoil which has seen three prime ministers hold office since 2022 is not helping provide public and investor confidence which are vital ingredients to stabilize the economy.

8.       Brazil GDP (PPP): $3.84 trillion Brazil had a GDP based on PPP of $3.84 trillion in 2022. The economy is poised for further growth in the coming years. PwC has projected Brazil to be the fifth-largest economy in the world by 2050.

7.       Indonesia GDP (PPP): $4.04 trillion Indonesia is one of the top emerging economies, and is the largest economy in Southeast Asia. In 2022, the IMF estimated the size of the economy at over $4 trillion in PPP terms. Indonesia is projected by PwC to be the fourth-largest economy in the world by 2050.

6.       Russia GDP (PPP): $4.77 trillion Russia is the sixth largest economy in the world, boasting a GDP in PPP terms of $4.77 trillion. Due to its huge oil and natural gas reserves, Russia remains a major economic force and will retain this status even in the coming decades according to economic projections.

5.       Germany GDP (PPP): $5.35 trillion Germany is Europe’s strongest economy, and the fifth largest economy in the world. Much of the $5.35 trillion output in PPP terms in 2022 was contributed by the services sector. Germany’s GDP is expected to grow 0.4% in 2023.

4.       Japan GDP (PPP): $6.14 trillion Japan is the second largest economy in Asia. It ranks as the third largest in the world in terms of nominal GDP, while fourth based on purchasing power parity (PPP). Automobiles and electronic equipment are the major exports of the country. Japan’s GDP has grown 2.7% in the first quarter of 2023.


3.       India GDP (PPP): $11.86 trillion India is the third largest economy in the world in purchasing power parity. It is also the strongest country in South Asia and is competing with China for supremacy over the Asian continent. In 2022, the IMF estimated the PPP size of the Indian economy to be $11.86 trillion. However, despite being an economic powerhouse, India ranks low on GDP per capita, with millions of its citizens living in abject poverty.

2.       United States GDP (PPP): $25.47 trillion In terms of nominal GDP, the United States has the largest economy in the world, but when it comes to PPP, China tops the list. Despite this, the United States continues to be the world's most powerful nation and to dominate the global economic system. The U.S. dollar dominates the global financial system, making up roughly 85% of all daily FX transactions. In addition, 59% of all foreign reserves held by central banks worldwide are kept in U.S. dollars.

1.       China GDP (PPP): $30.21 trillion According to PPP, China has the greatest economy in the world. The Chinese economy was estimated by the IMF to be above $30 trillion in size in 2022. The emergence of China over the past three decades has been an amazing tale. The nation directly challenges the United States' hegemonic position in world politics and commerce. In 2023, it is anticipated that China's GDP will grow by a further 5.3%.

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