The Top 10 Economic Countries in the World
With a GDP of 22.3 trillion USD, the United States is by far the world’s largest economy in this ranking for 2022. It is followed by China in 2nd place with a GDP of still 19.9 trillion USD. The remaining countries that rounded out the world’s 20 largest economies all had GDPs that ranged between 800 billion and five trillion U.S. dollars.
Gross domestic product (GDP) is an estimate of the total value of finished goods and services produced within a country’s borders during a specified period, usually a year. GDP is popularly used to estimate the size of a country’s economy.
GDP is most commonly measured by using the expenditure method, which calculates GDP by adding up spending on new consumer goods, new investment spending, government spending, and the value of net exports.
|Top 10 Countries by Nominal GDP at Current U.S. Dollar|
|Rank||Country||Region||GDP in US$ million|