Germany Surpasses Japan Top 10 Global Economies Ranking Revealed

19 Feb, 2024

Germany Surpasses Japan Top 10 Global Economies Ranking Revealed

Japan finds itself on the precipice of a recession, leading to Germany surpassing it as the world's third-largest economy. Japan, now ranked fourth globally, grapples with challenges such as a weak currency, an aging population, and declining birth rates. Prior to this shift, China claimed the second position in 2010 due to its economic growth.

Exploring the top 10 largest economies worldwide, the United States retains its lead with a staggering GDP of $27.29 trillion, followed by China at $18.56 trillion. Germany secures the third spot with a GDP of $4.73 trillion, while Japan falls to fourth place with a GDP of $4.29 trillion. India follows closely behind as the fifth-largest economy, boasting a GDP of $4.11 trillion.

In the sixth position, the United Kingdom stands with a GDP of $3.69 trillion, trailed by France in seventh place, with a GDP of $3.18 trillion. Italy claims the eighth spot with a GDP of $2.28 trillion, while Brazil and Canada secure the ninth and tenth positions, respectively, with GDPs of $2.27 trillion and $2.34 trillion.