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from https://www.visualcapitalist.com/visualizing-the-105-trillion-world-economy-in-one-chart/

Visualizing the $105 Trillion World Economy in One Chart
Published 11 months ago on August 9, 2023
By Pallavi Rao
Click to view this graphic in a higher-resolution.

A chart showing the breakup of the world economy, organized by the size
of each country's gross domestic product.

▼ Use This Visualization
Visualizing the $105 Trillion World Economy in One Chart
By the end of 2023, the world economy is expected to have a gross
domestic product (GDP) of $105 trillion, or $5 trillion higher than the
year before, according to the latest International Monetary Fund (IMF) projections from its 2023 World Economic Outlook report.

In nominal terms, that’s a 5.3% increase in global GDP. In
inflation-adjusted terms, that would be a 2.8% increase.

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. All numbers used in this article, unless
otherwise specified, are nominal figures, and do not account for inflation.
The year started with turmoil for the global economy, with financial
markets rocked by the collapse of several mid-sized U.S. banks alongside persistent inflation and tightening monetary conditions in most
countries. Nevertheless, some economies have proven to be resilient, and
are expected to register growth from 2022.

Ranking Countries by Economic Size in 2023
The U.S. is expected to continue being the biggest economy in 2023 with
a projected GDP of $26.9 trillion for the year. This is more than the
sum of the GDPs of 174 countries ranked from Indonesia (17th) to Tuvalu (191st).

China stays steady at second place with a projected $19.4 trillion GDP
in 2023. Most of the top-five economies remain in the same positions
from 2022, with one notable exception.

India is expected to climb past the UK to become the fifth-largest
economy with a projected 2023 GDP of $3.7 trillion.

Here’s a look at the size of every country’s economy in 2023, according
to IMF’s estimates.

Search:
Rank Country GDP (USD) % of Total
1 🇺🇸 U.S. $26,855B 25.54%
2 🇨🇳 China $19,374B 18.43%
3 🇯🇵 Japan $4,410B 4.19%
4 🇩🇪 Germany $4,309B 4.10%
5 🇮🇳 India $3,737B 3.55%
6 🇬🇧 UK $3,159B 3.00%
7 🇫🇷 France $2,923B 2.78%
8 🇮🇹 Italy $2,170B 2.06%
9 🇨🇦 Canada $2,090B 1.99%
10 🇧🇷 Brazil $2,081B 1.98%

Search:
Rank Country GDP (USD) % of Total
11 🇷🇺 Russia $2,063B 1.96%
12 🇰🇷 South Korea $1,722B 1.64%
13 🇦🇺 Australia $1,708B 1.62%
14 🇲🇽 Mexico $1,663B 1.58%
15 🇪🇸 Spain $1,492B 1.42%
16 🇮🇩 Indonesia $1,392B 1.32%
17 🇳🇱 Netherlands $1,081B 1.03%
18 🇸🇦 Saudi Arabia $1,062B 1.01%
19 🇹🇷 Türkiye $1,029B 0.98%
20 🇨🇭 Switzerland $870B 0.83%

Search:
Rank Country GDP (USD) % of Total
21 🇹🇼 Taiwan $791B 0.75%
22 🇵🇱 Poland $749B 0.71%
23 🇦🇷 Argentina $641B 0.61%
24 🇧🇪 Belgium $624B 0.59%
25 🇸🇪 Sweden $599B 0.57%
26 🇮🇪 Ireland $594B 0.57%
27 🇹🇭 Thailand $574B 0.55%
28 🇳🇴 Norway $554B 0.53%
29 🇮🇱 Israel $539B 0.51%
30 🇸🇬 Singapore $516B 0.49%

GDPVisualizing the $105 Trillion World Economy in One Chart
Published 11 months ago on August 9, 2023
By Pallavi Rao
Click to view this graphic in a higher-resolution.

A chart showing the breakup of the world economy, organized by the size
of each country's gross domestic product.

▼ Use This Visualization
Visualizing the $105 Trillion World Economy in One Chart
By the end of 2023, the world economy is expected to have a gross
domestic product (GDP) of $105 trillion, or $5 trillion higher than the
year before, according to the latest International Monetary Fund (IMF) projections from its 2023 World Economic Outlook report.

In nominal terms, that’s a 5.3% increase in global GDP. In
inflation-adjusted terms, that would be a 2.8% increase.

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. All numbers used in this article, unless
otherwise specified, are nominal figures, and do not account for inflation.
The year started with turmoil for the global economy, with financial
markets rocked by the collapse of several mid-sized U.S. banks alongside persistent inflation and tightening monetary conditions in most
countries. Nevertheless, some economies have proven to be resilient, and
are expected to register growth from 2022.

Ranking Countries by Economic Size in 2023
The U.S. is expected to continue being the biggest economy in 2023 with
a projected GDP of $26.9 trillion for the year. This is more than the
sum of the GDPs of 174 countries ranked from Indonesia (17th) to Tuvalu (191st).

China stays steady at second place with a projected $19.4 trillion GDP
in 2023. Most of the top-five economies remain in the same positions
from 2022, with one notable exception.

India is expected to climb past the UK to become the fifth-largest
economy with a projected 2023 GDP of $3.7 trillion.

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