![]() Here’s a look at the size of every country’s economy in 2023, according to IMF’s estimates. India is expected to climb past the UK to become the fifth-largest economy with a projected 2023 GDP of $3.7 trillion. Most of the top-five economies remain in the same positions from 2022, with one notable exception. This is more than the sum of the GDPs of 174 countries ranked from Indonesia (17th) to Tuvalu (191st).Ĭhina stays steady at second place with a projected $19.4 trillion GDP in 2023. is expected to continue being the biggest economy in 2023 with a projected GDP of $26.9 trillion for the year. Ranking Countries by Economic Size in 2023 Nevertheless, some economies have proven to be resilient, and are expected to register growth from 2022. ![]() banks alongside persistent inflation and tightening monetary conditions in most countries. The year started with turmoil for the global economy, with financial markets rocked by the collapse of several mid-sized U.S. All numbers used in this article, unless otherwise specified, are nominal figures, and do not account for inflation. ℹ️ Gross Domestic Product (GDP) measures the total value of economic output-goods and services-produced within a given time frame by both the private and public sectors.
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