The top 20 economies of the world command a vast majority of the global wealth and by far are the engines of growth. These are economies of developed countries and have matured over time, thus can withstand any dynamic change in the economic cycles. They have held their positions for decades and don’t budge easily. When these 20 economies are put together, they contribute almost 81% of the world’s economy, with the top 10 alone contributing about 67%. The remaining 173 countries together constitute less than one-fifth to the world’s economy.
Here are the top 20 largest economies in the world, according to the International Monetary Fund (IMF).
Rank | Country | Nominal GDP |
1. | United States of America | $21.44 trillion |
2. | China | $14.14 trillion |
3. | Japan | $5.15 trillion |
4. | Germany | $3.86 trillion |
5. | India | $2.94 trillion |
6. | United Kingdom | $2.74 trillion |
7. | France | $2.71 trillion |
8 | Italy | $1.99 trillion |
9. | Brazil | $1.85 trillion |
10. | Canada | $1.73 trillion |
11. | Russia | $1.64 trillion |
12. | South Korea | $1.63 trillion |
13. | Spain | $1.40 trillion |
14. | Australia | $1.38 trillion |
15. | Mexico | $1.27 trillion |
16. | Indonesia | $1.11 trillion |
17. | Netherlands | $902.36 billion |
18. | Saudi Arabia | $779.29 billion |
19. | Turkey | $743.71 billion |
20. | Switzerland | $715.36 billion |
