Top 20 largest economies in the world 2023

Victor Mochere
2 Min Read

The global economy is a complex and interconnected system, with different countries playing different roles and contributing varying levels of wealth and economic activity. One way to measure a country’s economic strength is by looking at its Gross Domestic Product (GDP), which is the total value of goods and services produced within a country’s borders in a given period.

In addition, GDP also takes into consideration the output of services provided by the government, such as money spent on defense, healthcare, or education. Generally speaking, when GDP is increasing in a country, it is a sign of greater economic activity that benefits workers and businesses (while the reverse is true for a decline).

Here are the top 20 largest economies in the world.

1.United States$23.3 trillion
2.China$17.7 trillion
3.Japan$4.9 trillion
4.Germany$4.3 trillion
5.India$3.2 trillion
6.United Kingdom$3.1 trillion
7.France$3 trillion
8.Italy$2.1 trillion
9.Canada$2 trillion
10.South Korea$1.8 trillion
11.Russia$1.8 trillion
12.Brazil$1.6 trillion
13.Australia$1.6 trillion
14.Spain$1.4 trillion
15.Mexico$1.3 trillion
16.Indonesia$1.2 trillion
17.Netherlands$1 trillion
18.Saudi Arabia$834 billion
19.Turkey$819 billion
20.Switzerland$801 billion
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Victor Mochere is a blogger, social media influencer, and netpreneur creating and marketing digital content.
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