$124 Trillion And Counting... These Are The World's Largest Economies - GLA NEWS

The 2026 world economy has a cautious outlook, according to the October report put out by the International Monetary Fund (IMF).

The organization says that global growth is slowing amid fragmentation and rising protectionism. Significant downside risks are present, ranging from a potential tech stock repricing to eroding institutional independence which could weaken policy decisions.

Nevertheless, in the chart below, Visual Capitalist’s Pallavia Rao takes his annual look at every country’s GDP breakdown, using 2026 projections from the IMF’s datamapper, as of October 2025.

It tracks the size of each economy in current-dollar terms.

The U.S. is the Largest Economy in the World

At first place for the last 100 years, and destined to perhaps continue for the next 100?

The American economy is expected to reach $31.8 trillion in GDP by 2026. This is roughly the size of China (2nd), Germany (3rd), and India (4th) combined.

Rank	Region/Country	GDP (Billions USD, 2026)
1	🇺🇸 U.S.	$31,821.29
2	🇨🇳 China	$20,650.75
3	🇩🇪 Germany	$5,328.18
4	🇮🇳 India	$4,505.63
5	🇯🇵 Japan	$4,463.63
6	🇬🇧 UK	$4,225.64
7	🇫🇷 France	$3,558.56
8	🇮🇹 Italy	$2,701.54
9	🇷🇺 Russia	$2,509.42
10	🇨🇦 Canada	$2,420.84
11	🇧🇷 Brazil	$2,292.69
12	🇪🇸 Spain	$2,041.83
13	🇲🇽 Mexico	$2,031.00
14	🇦🇺 Australia	$1,948.23
15	🇰🇷 South Korea	$1,936.62
16	🇹🇷 Türkiye	$1,576.11
17	🇮🇩 Indonesia	$1,550.24
18	🇳🇱 Netherlands	$1,413.08
19	🇸🇦 Saudi Arabia	$1,316.25
20	🇵🇱 Poland	$1,109.96
21	🇨🇭 Switzerland	$1,074.59
22	🇹🇼 Taiwan	$971.45
23	🇧🇪 Belgium	$761.17
24	🇮🇪 Ireland	$750.11
25	🇸🇪 Sweden	$711.50
26	🇦🇷 Argentina	$667.92
27	🇮🇱 Israel	$666.41
28	🇸🇬 Singapore	$606.23
29	🇦🇹 Austria	$604.20
30	🇦🇪 UAE	$601.16
31	🇹🇭 Thailand	$561.51
32	🇳🇴 Norway	$547.69
33	🇵🇭 Philippines	$533.92
34	🇧🇩 Bangladesh	$519.29
35	🇻🇳 Vietnam	$511.06
36	🇲🇾 Malaysia	$505.36
37	🇩🇰 Denmark	$500.05
38	🇨🇴 Colombia	$462.25
39	🇭🇰 Hong Kong	$446.65
40	🇷🇴 Romania	$444.81
41	🇿🇦 South Africa	$443.64
42	🇨🇿 Czech Republic	$417.13
43	🇪🇬 Egypt	$399.51
44	🇮🇷 Iran	$375.64
45	🇵🇹 Portugal	$364.53
46	🇨🇱 Chile	$363.30
47	🇫🇮 Finland	$335.53
48	🇳🇬 Nigeria	$334.34
49	🇵🇪 Peru	$326.61
50	🇰🇿 Kazakhstan	$319.77
51	🇬🇷 Greece	$304.84
52	🇩🇿 Algeria	$284.98
53	🇳🇿 New Zealand	$280.55
54	🇮🇶 Iraq	$273.91
55	🇭🇺 Hungary	$269.92
56	🇶🇦 Qatar	$239.14
57	🇺🇦 Ukraine	$224.26
58	🇲🇦 Morocco	$196.12
59	🇸🇰 Slovak Republic	$167.73
60	🇰🇼 Kuwait	$162.90
61	🇺🇿 Uzbekistan	$159.20
62	🇧🇬 Bulgaria	$142.20
63	🇰🇪 Kenya	$140.87
64	🇩🇴 Dominican Republic	$138.34
65	🇪🇨 Ecuador	$134.71
66	🇬🇹 Guatemala	$129.47
67	🇵🇷 Puerto Rico	$129.19
68	🇪🇹 Ethiopia	$125.74
69	🇬🇭 Ghana	$113.49
70	🇭🇷 Croatia	$113.13
71	🇷🇸 Serbia	$112.11
72	🇨🇮 Côte d’Ivoire	$111.45
73	🇦🇴 Angola	$109.86
74	🇨🇷 Costa Rica	$109.14
75	🇴🇲 Oman	$108.91
76	🇱🇺 Luxembourg	$107.76
77	🇱🇹 Lithuania	$104.65
78	🇵🇦 Panama	$95.91
79	🇹🇿 Tanzania	$95.35
80	🇺🇾 Uruguay	$90.64
81	🇧🇾 Belarus	$90.56
82	🇨🇩 DRC	$88.13
83	🇸🇮 Slovenia	$85.74
84	🇦🇿 Azerbaijan	$80.02
85	🇻🇪 Venezuela	$79.92
86	🇹🇲 Turkmenistan	$76.90
87	🇺🇬 Uganda	$72.46
88	🇨🇲 Cameroon	$67.52
89	🇲🇲 Myanmar	$65.17
90	🇹🇳 Tunisia	$60.43
91	🇯🇴 Jordan	$59.29
92	🇿🇼 Zimbabwe	$55.43
93	🇲🇴 Macao SAR	$54.94
94	🇱🇻 Latvia	$52.25
95	🇵🇾 Paraguay	$51.67
96	🇰🇭 Cambodia	$51.51
97	🇪🇪 Estonia	$51.04
98	🇧🇭 Bahrain	$49.19
99	🇱🇾 Libya	$49.16
100	🇳🇵 Nepal	$49.11
101	🇮🇸 Iceland	$43.40
102	🇨🇾 Cyprus	$43.16
103	🇭🇳 Honduras	$40.82
104	🇬🇪 Georgia	$40.18
105	🇸🇳 Senegal	$39.99
106	🇸🇩 Sudan	$39.47
107	🇸🇻 El Salvador	$37.98
108	🇧🇦 Bosnia & Herzegovina	$36.24
109	🇿🇲 Zambia	$33.95
110	🇵🇬 Papua New Guinea	$33.46
111	🇦🇱 Albania	$32.41
112	🇭🇹 Haiti	$31.10
113	🇬🇳 Guinea	$30.92
114	🇧🇫 Burkina Faso	$30.71
115	🇲🇹 Malta	$30.44
116	🇦🇲 Armenia	$29.08
117	🇲🇱 Mali	$28.48
118	🇬🇾 Guyana	$27.49
119	🇧🇯 Benin	$27.45
120	🇹🇹 Trinidad & Tobago	$26.76
121	🇲🇳 Mongolia	$26.52
122	🇲🇿 Mozambique	$26.51
123	🇳🇪 Niger	$26.11
124	🇯🇲 Jamaica	$24.13
125	🇹🇩 Chad	$23.56
126	🇬🇦 Gabon	$22.73
127	🇳🇮 Nicaragua	$21.86
128	🇰🇬 Kyrgyz Republic	$21.56
129	🇲🇬 Madagascar	$21.09
130	🇲🇩 Moldova	$21.02
131	🇲🇰 North Macedonia	$20.75
132	🇧🇼 Botswana	$20.71
133	🇹🇯 Tajikistan	$18.94
134	🇲🇼 Malawi	$17.86
135	🇱🇦 Lao P.D.R.	$17.78
136	🇾🇪 Yemen	$17.24
137	🇨🇬 Congo	$16.95
138	🇧🇸 The Bahamas	$16.84
139	🇲🇺 Mauritius	$16.76
140	🇧🇳 Brunei Darussalam	$16.46
141	🇳🇦 Namibia	$16.10
142	🇷🇼 Rwanda	$15.47
143	🇬🇶 Equatorial Guinea	$14.10
144	🇽🇰 Kosovo	$14.10
145	🇸🇴 Somalia	$13.91
146	🇲🇷 Mauritania	$12.85
147	🇹🇬 Togo	$12.18
148	🇲🇪 Montenegro	$10.23
149	🇱🇮 Liechtenstein	$10.12
150	🇸🇱 Sierra Leone	$9.30
151	🇧🇮 Burundi	$9.21
152	🇲🇻 Maldives	$8.22
153	🇧🇧 Barbados	$7.94
154	🇫🇯 Fiji	$6.70
155	🇸🇸 South Sudan	$6.03
156	🇱🇷 Liberia	$5.59
157	🇸🇿 Eswatini	$5.50
158	🇩🇯 Djibouti	$5.00
159	🇸🇷 Suriname	$4.87
160	🇦🇩 Andorra	$4.72
161	🇦🇼 Aruba	$4.47
162	🇧🇹 Bhutan	$3.77
163	🇨🇫 Central African Republic	$3.71
164	🇧🇿 Belize	$3.44
165	🇨🇻 Cabo Verde	$3.14
166	🇱🇨 Saint Lucia	$2.77
167	🇬🇼 Guinea-Bissau	$2.76
168	🇬🇲 Gambia, The	$2.67
169	🇱🇸 Lesotho	$2.47
170	🇦🇬 Antigua and Barbuda	$2.46
171	🇸🇲 San Marino	$2.39
172	🇸🇨 Seychelles	$2.25
173	🇹🇱 Timor-Leste	$2.21
174	🇸🇧 Solomon Islands	$2.05
175	🇰🇲 Comoros	$1.77
176	🇬🇩 Grenada	$1.52
177	🇼🇸 Samoa	$1.33
178	🇻🇨 Saint Vincent & the Grenadines	$1.30
179	🇰🇳 Saint Kitts & Nevis	$1.19
180	🇻🇺 Vanuatu	$1.18
181	🇸🇹 São Tomé & Príncipe	$1.13
182	🇩🇲 Dominica	$0.79
183	🇹🇴 Tonga	$0.62
184	🇫🇲 Micronesia	$0.52
185	🇵🇼 Palau	$0.36
186	🇰🇮 Kiribati	$0.34
187	🇲🇭 Marshall Islands	$0.33
188	🇳🇷 Nauru	$0.18
189	🇹🇻 Tuvalu	$0.06
N/A	🌍 World	$123,584.49

A somewhat resilient labor market and continued consumer spending underpin this dominance.

However its growth projections have been revised downward since this time last year after trade wars rattled global markets and contributed to rising prices for the world’s largest consumer economy.

ℹ️ Related: Check out this breakdown of America’s $19 trillion consumer economy.

Meanwhile, China’s GDP is projected at $20.7 trillion, 35% below the U.S. total but still threefold that of the third-ranked Germany.

Structural headwinds—from an aging population to a tepid property market—are cooling GDP growth to the 4% range, the slowest multi-year pace in four decades.

Added disruption from tariffs on Chinese goods will also affect the world’s largest export sector.

ℹ️ Related: Check out the World’s 30 Largest Export Countries.

India ($4.5 trillion) is on track to hold on to fourth place after leapfrogging Japan in 2025, helped by its domestic demand. Elsewhere, Indonesia and Türkiye edge up the list, illustrating the demographic advantage and policy reforms of many mid-income nations.

A Regional Breakdown of Global GDP

Asia pips North America as the world’s largest economic region.

With China, Japan, and India, the region has a slight advantage over the U.S. and Canada.

Europe ranks third by GDP, followed by the Middle East, South America, Africa, and finally, Oceania.

Ranked: Countries by GDP per Capita in 2026

The top three richest countries (by GDP per Capita) are also unchanged: Luxembourg ($154,115), Ireland, ($135,247), and Switzerland ($118,173).

All three benefit from significant foreign inflows that boost their economies relative to their population.

Rank	Country	ISO	Region	GDP Per Capita 2026
1	🇱🇺 Luxembourg	LUX	Europe	$154,115
2	🇮🇪 Ireland	IRL	Europe	$135,247
3	🇨🇭 Switzerland	CHE	Europe	$118,173
4	🇮🇸 Iceland	ISL	Europe	$108,591
5	🇸🇬 Singapore	SGP	Asia	$99,042
6	🇳🇴 Norway	NOR	Europe	$96,580
7	🇺🇸 U.S.	USA	North America	$92,883
8	🇩🇰 Denmark	DNK	Europe	$82,706
9	🇳🇱 Netherlands	NLD	Europe	$77,881
10	🇲🇴 Macao	MAC	Asia	$77,443
11	🇶🇦 Qatar	QAT	Middle East	$76,534
12	🇸🇲 San Marino	SMR	Europe	$69,493
13	🇦🇺 Australia	AUS	Oceania	$69,358
14	🇸🇪 Sweden	SWE	Europe	$66,124
15	🇦🇹 Austria	AUT	Europe	$65,640
16	🇮🇱 Israel	ISR	Middle East	$64,275
17	🇧🇪 Belgium	BEL	Europe	$63,896
18	🇩🇪 Germany	DEU	Europe	$63,600
19	🇬🇧 UK	GBR	Europe	$60,011
20	🇫🇮 Finland	FIN	Europe	$59,750
21	🇭🇰 Hong Kong	HKG	Asia	$58,999
22	🇨🇦 Canada	CAN	North America	$58,244
23	🇦🇪 UAE	ARE	Middle East	$53,842
24	🇲🇹 Malta	MLT	Europe	$53,082
25	🇳🇿 New Zealand	NZL	Oceania	$52,181
26	🇫🇷 France	FRA	Europe	$51,708
27	🇦🇩 Andorra	AND	Europe	$51,681
28	🇮🇹 Italy	ITA	Europe	$45,883
29	🇨🇾 Cyprus	CYP	Europe	$45,601
30	🇹🇼 Taiwan, China	TWN	Asia	$41,586
31	🇦🇼 Aruba	ABW	South America	$41,026
32	🇵🇷 Puerto Rico	PRI	North America	$40,707
33	🇪🇸 Spain	ESP	Europe	$40,582
34	🇧🇸 The Bahamas	BHS	North America	$40,409
35	🇸🇮 Slovenia	SVN	Europe	$40,164
36	🇨🇿 Czech Republic	CZE	Europe	$38,373
37	🇰🇷 South Korea	KOR	Asia	$37,523
38	🇪🇪 Estonia	EST	Europe	$37,195
39	🇯🇵 Japan	JPN	Asia	$36,391
40	🇱🇹 Lithuania	LTU	Europe	$36,225
41	🇸🇦 Saudi Arabia	SAU	Middle East	$35,839
42	🇧🇳 Brunei	BRN	Asia	$35,414
43	🇬🇾 Guyana	GUY	South America	$34,307
44	🇵🇹 Portugal	PRT	Europe	$33,972
45	🇰🇼 Kuwait	KWT	Middle East	$31,242
46	🇸🇰 Slovakia	SVK	Europe	$31,026
47	🇵🇱 Poland	POL	Europe	$30,651
48	🇧🇭 Bahrain	BHR	Middle East	$29,778
49	🇬🇷 Greece	GRC	Europe	$29,412
50	🇭🇷 Croatia	HRV	Europe	$29,368
51	🇭🇺 Hungary	HUN	Europe	$28,304
52	🇱🇻 Latvia	LVA	Europe	$28,024
53	🇧🇧 Barbados	BRB	North America	$27,175
54	🇺🇾 Uruguay	URY	South America	$26,041
55	🇷🇴 Romania	ROU	Europe	$23,768
56	🇦🇬 Antigua & Barbuda	ATG	North America	$23,117
57	🇰🇳 Saint Kitts & Nevis	KNA	North America	$23,071
58	🇧🇬 Bulgaria	BGR	Europe	$22,896
59	🇸🇨 Seychelles	SYC	Africa	$21,940
60	🇵🇦 Panama	PAN	North America	$20,754
61	🇵🇼 Palau	PLW	Oceania	$20,718
62	🇨🇷 Costa Rica	CRI	North America	$20,134
63	🇲🇻 Maldives	MDV	Asia	$19,682
64	🇴🇲 Oman	OMN	Middle East	$19,182
65	🇹🇹 Trinidad & Tobago	TTO	North America	$18,562
66	🇹🇷 Türkiye	TUR	Middle East	$18,232
67	🇨🇱 Chile	CHL	South America	$17,876
68	🇷🇸 Serbia	SRB	Europe	$17,292
69	🇷🇺 Russia	RUS	Europe	$17,287
70	🇲🇪 Montenegro	MNE	Europe	$16,380
71	🇰🇿 Kazakhstan	KAZ	Asia	$15,527
72	🇱🇨 Saint Lucia	LCA	North America	$15,163
73	🇲🇽 Mexico	MEX	North America	$15,111
74	🇳🇷 Nauru	NRU	Oceania	$14,959
75	🇲🇾 Malaysia	MYS	Asia	$14,762
76	🇨🇳 China	CHN	Asia	$14,730
77	🇦🇷 Argentina	ARG	South America	$13,895
78	🇲🇺 Mauritius	MUS	Africa	$13,362
79	🇬🇩 Grenada	GRD	North America	$13,041
80	🇩🇴 Dominican Republic	DOM	North America	$12,605
81	🇦🇱 Albania	ALB	Europe	$12,147
82	🇻🇨 Saint Vincent & the Grenadines	VCT	North America	$11,663
83	🇲🇰 North Macedonia	MKD	Europe	$11,527
84	🇹🇲 Turkmenistan	TKM	Asia	$11,387
85	🇬🇪 Georgia	GEO	Europe	$10,886
86	🇧🇷 Brazil	BRA	South America	$10,709
87	🇧🇦 Bosnia & Herzegovina	BIH	Europe	$10,546
88	🇩🇲 Dominica	DMA	North America	$10,459
89	🇧🇾 Belarus	BLR	Europe	$10,016
90	🇬🇦 Gabon	GAB	Africa	$9,647
91	🇵🇪 Peru	PER	South America	$9,398
92	🇦🇲 Armenia	ARM	Europe	$9,393
93	🇲🇭 Marshall Islands	MHL	Oceania	$9,391
94	🇲🇩 Moldova	MDA	Europe	$8,984
95	🇽🇰 Kosovo	XKX	Europe	$8,972
96	🇯🇲 Jamaica	JAM	North America	$8,756
97	🇨🇴 Colombia	COL	South America	$8,644
98	🇬🇶 Equatorial Guinea	GNQ	Africa	$8,378
99	🇧🇿 Belize	BLZ	North America	$8,116
100	🇹🇭 Thailand	THA	Asia	$7,979
101	🇦🇿 Azerbaijan	AZE	Europe	$7,624
102	🇪🇨 Ecuador	ECU	South America	$7,384
103	🇧🇼 Botswana	BWA	Africa	$7,379
104	🇵🇾 Paraguay	PRY	South America	$7,324
105	🇲🇳 Mongolia	MNG	Asia	$7,320
106	🇸🇷 Suriname	SUR	South America	$7,300
107	🇫🇯 Fiji	FJI	Oceania	$7,170
108	🇱🇾 Libya	LBY	Africa	$6,972
109	🇬🇹 Guatemala	GTM	North America	$6,851
110	🇿🇦 South Africa	ZAF	Africa	$6,835
111	🇺🇦 Ukraine	UKR	Europe	$6,718
112	🇼🇸 Samoa	WSM	Oceania	$6,253
113	🇹🇴 Tonga	TON	Oceania	$6,221
114	🇹🇻 Tuvalu	TUV	Oceania	$6,137
115	🇨🇻 Cabo Verde	CPV	Africa	$6,069
116	🇩🇿 Algeria	DZA	Africa	$5,956
117	🇸🇻 El Salvador	SLV	North America	$5,933
118	🇮🇶 Iraq	IRQ	Middle East	$5,873
119	🇫🇲 Micronesia	FSM	Oceania	$5,492
120	🇮🇩 Indonesia	IDN	Asia	$5,398
121	🇳🇦 Namibia	NAM	Africa	$5,182
122	🇲🇦 Morocco	MAR	Africa	$5,154
123	🇯🇴 Jordan	JOR	Middle East	$5,149
124	🇻🇳 Vietnam	VNM	Asia	$4,965
125	🇹🇳 Tunisia	TUN	Africa	$4,826
126	🇧🇹 Bhutan	BTN	Asia	$4,710
127	🇩🇯 Djibouti	DJI	Africa	$4,681
128	🇵🇭 Philippines	PHL	Asia	$4,619
129	🇸🇿 Eswatini	SWZ	Africa	$4,610
130	🇸🇹 São Tomé & Príncipe	STP	Africa	$4,591
131	🇮🇷 Iran	IRN	Middle East	$4,250
132	🇺🇿 Uzbekistan	UZB	Asia	$4,136
133	🇭🇳 Honduras	HND	North America	$3,699
134	🇪🇬 Egypt	EGY	Africa	$3,579
135	🇨🇮 Côte d’Ivoire	CIV	Africa	$3,294
136	🇻🇺 Vanuatu	VUT	Oceania	$3,185
137	🇬🇭 Ghana	GHA	Africa	$3,179
138	🇿🇼 Zimbabwe	ZWE	Africa	$3,127
139	🇳🇮 Nicaragua	NIC	North America	$3,084
140	🇮🇳 India	IND	Asia	$3,051
141	🇻🇪 Venezuela	VEN	South America	$2,972
142	🇧🇩 Bangladesh	BGD	Asia	$2,960
143	🇰🇭 Cambodia	KHM	Asia	$2,939
144	🇰🇬 Kyrgyzstan	KGZ	Asia	$2,925
145	🇲🇷 Mauritania	MRT	Africa	$2,717
146	🇦🇴 Angola	AGO	Africa	$2,701
147	🇰🇮 Kiribati	KIR	Oceania	$2,615
148	🇰🇪 Kenya	KEN	Africa	$2,596
149	🇵🇬 Papua New Guinea	PNG	Oceania	$2,560
150	🇨🇬 Republic of Congo	COG	Africa	$2,542
151	🇸🇧 Solomon Islands	SLB	Oceania	$2,522
152	🇭🇹 Haiti	HTI	North America	$2,444
153	🇱🇦 Laos	LAO	Asia	$2,254
154	🇨🇲 Cameroon	CMR	Africa	$2,195
155	🇸🇳 Senegal	SEN	Africa	$2,030
156	🇬🇳 Guinea	GIN	Africa	$1,909
157	🇰🇲 Comoros	COM	Africa	$1,904
158	🇹🇯 Tajikistan	TJK	Asia	$1,799
159	🇧🇯 Benin	BEN	Africa	$1,788
160	🇳🇵 Nepal	NPL	Asia	$1,658
161	🇹🇱 Timor-Leste	TLS	Asia	$1,547
162	🇿🇲 Zambia	ZMB	Africa	$1,523
163	🇺🇬 Uganda	UGA	Africa	$1,458
164	🇹🇿 Tanzania	TZA	Africa	$1,378
165	🇳🇬 Nigeria	NGA	Africa	$1,378
166	🇬🇼 Guinea-Bissau	GNB	Africa	$1,342
167	🇧🇫 Burkina Faso	BFA	Africa	$1,246
168	🇹🇬 Togo	TGO	Africa	$1,215
169	🇹🇩 Chad	TCD	Africa	$1,209
170	🇲🇲 Myanmar	MMR	Asia	$1,176
171	🇪🇹 Ethiopia	ETH	Africa	$1,124
172	🇲🇱 Mali	MLI	Africa	$1,094
173	🇷🇼 Rwanda	RWA	Africa	$1,069
174	🇸🇱 Sierra Leone	SLE	Africa	$1,033
175	🇱🇸 Lesotho	LSO	Africa	$1,024
176	🇱🇷 Liberia	LBR	Africa	$956
177	🇬🇲 Gambia, The	GMB	Africa	$925
178	🇳🇪 Niger	NER	Africa	$864
179	🇨🇩 DR Congo	COD	Africa	$801
180	🇸🇴 Somalia	SOM	Africa	$798
181	🇸🇩 Sudan	SDN	Africa	$763
182	🇲🇼 Malawi	MWI	Africa	$721
183	🇲🇿 Mozambique	MOZ	Africa	$720
184	🇲🇬 Madagascar	MDG	Africa	$653
185	🇨🇫 Central African Republic	CAF	Africa	$651
186	🇧🇮 Burundi	BDI	Africa	$618
187	🇾🇪 Yemen	YEM	Middle East	$401
188	🇸🇸 South Sudan	SSD	Africa	$369
N/A	🌍 World	WRLD	World	$15,280