The 10 largest economies in the world

What are the strongest economies in the world?

The top 10 economies in the world by nominal gross domestic product (GDP) are currently:

• United States

• China

• Germany

• Japan

• India

• United Kingdom

• France

• Italy

• Brazil

• Canada

These economies contribute more than 70% of the world’s overall economy, while the top 20 economies contribute over 80%, meaning that the remaining majority of the world's countries equate to less than 20% of the total global economy. This shows the immense power of the 10 richest countries in particular, and their influence on global economic decisions.

Richest countries in the world

The data reflect nominal GDP and GDP using purchasing power parity (PPP). The latter takes into account inflation rates of a country, as well as relative costs of goods and services, rather than simple market exchange rates. Nominal GDP is more commonly used to represent the overall figure of a country’s economy. You can access and trade a vast range of global financial markets, including indices, forex, shares, ETFs, commodities and more, by opening a trading account with us.

Note: This article was last updated on 4 December 2025. Data is sourced from: worldometers.info and data.worldbank.org.

1. United States

Nominal GDP: $27.72 trillion

GDP (PPP): $25.67 trillion

The US has held the position of the world’s strongest economy since 1871, after surpassing the UK at the time. The US dollar (USD) is one of the strongest currencies in the world and the most popular currency to trade overall. It is frequently a component of major forex pairs, including some of the most traded currency pairs, such as the EUR/USD, USD/JPY and GBP/USD. For this reason, some traders consider the USD a ‘safe haven’ currency, and attempt to hedge the currency in periods of political or economic uncertainty. In addition, the US is home to some of the largest market cap stocks in the world, including blue-chip companies in diverse sectors such as Amazon (e-commerce), Microsoft (technology), Coca-Cola (consumer goods), Visa (finance) and Johnson & Johnson (healthcare). These all feature on the Dow Jones Industrial Average stock index, which is made up of 30 blue-chip companies that act as a benchmark for industry standards. The New York Stock Exchange (NYSE) and NASDAQ are the top stock exchanges in the world according to market capitalisation. The US is the world’s largest supplier of crude oil, making up around 18% of the world’s production. It overtook Saudi Arabia as the number one spot in 2013. Some of the world’s largest market cap oil stocks are based in the US, including Exxon Mobil, BP (shared between the UK and US) and Chevron. Many oil rigs are found within the Gulf of Mexico and its neighbouring states, including Texas and Louisiana. Learn more about crude oil trading.

2. China

Nominal GDP: $17.79 trillion

GDP (PPP): $33.59 trillion

Although China’s purchasing power parity is of a higher figure, its nominal GDP is significantly less than that of the US, leaving it second of the richest countries in the world. However, many consider PPP to be a more indicative and truthful representation of the economy, as it takes into consideration price inflation. China is the world’s largest manufacturing economy and exporter of goods, as well as being the largest country for international trade. The size gap between the US and China’s overall nominal GDP has shrunk significantly over recent years and market analysts predict that China will one day surpass the US in both nominal GDP and PPP aspects. China’s tech industry is particularly popular with traders, as these are some of the largest and blue-chip companies in the world, including Alibaba, JD.com and Baidu. Furthermore, China is a major contributor to the 5G industry, as well as gaming, streaming services, and mobile phone development. In terms of agriculture, China has the world’s largest agricultural economy that accounts for around 10% of the country’s GDP, in comparison with other developed countries on this list, including the UK and the US, where agriculture only accounts for around 1% of their national GDP. This makes China an all-rounder in terms of global exporting.

3. Germany

Nominal GDP: $4.52 trillion

GDP (PPP): $5.24 trillion

Germany is the leader of Europe’s largest economies and relies heavily on the export of high-quality manufactured goods. There are a variety of sectors represented within the German stock market. The DAX 40 is also an equivalent of the Dow Jones 30 stock index, holding 40 blue-chip stocks on the Frankfurt Stock Exchange, which is the 10th largest stock exchange in the world by market capitalisation. Adidas, BMW, Deutsche Bank, Merck and SAP are just a few of the established names that make up the DAX 30. You can trade CFDs on the price movements of underlying shares on our platform, Next Generation, without taking ownership of the actual asset. This involves the use of leverage. Alternatively, you can also trade on the price movements of exchange-traded funds; one of our top ETFs that tracks the underlying German index is the iShares Core DAX UCITS ETF. Aside from a successful stock exchange, Germany’s treasury market contributes to its role as one of the largest economies in the world. Its debt securities and government bonds have maturities of around 10 to 30 years and are considered medium-term and long-term bonds. Germany’s bond index reflects US treasury bonds. These include the long-term Euro Bund, medium-term Euro Bobl and short-term Euro Schatz bonds.

4. Japan

Nominal GDP: $4.20 trillion

GDP (PPP): $5.71 trillion

Japan is known for its thriving automobile industry, with notable brands such as Mitsubishi, Toyota, Honda, Suzuki and Nissan contributing to a large proportion of profits. Japan’s equivalent of the Dow Jones 30 is the Nikkei 225 stock index, which represents a benchmark of blue-chip companies within the Japanese economy. These are all listed on the Tokyo Stock Exchange, as well as being available internationally. The index features a number of stocks from different sectors, including technology, transportation, consumer goods and finance. You can invest into the Nikkei 225 through a number of exchange-traded funds (ETFs). The Daiwa ETF – Nikkei 225 and iShares Nikkei 225 ETF are both available to trade as CFDs on our online trading platform. Japan has one of the lowest unemployment rates in the world of just 2.3%. However, it also has the highest number of elders in any population worldwide, which economists fear may have a negative impact on Japan’s economy growth in the future. Therefore, the Japanese government are working to keep the elderly population more active and increase the fertility rate, so that the economy is not compromised. Despite this, the Japanese yen (JPY) is one of the most traded currencies in the world, along with the currency pair USD/JPY. JPY has an inverse correlation with the Nikkei 225 index, meaning that when stocks are performing well, the yen appears weaker, prompting traders to invest in the safe haven JPY when their stock portfolio is under threat.

5. India

Nominal GDP: $3.57 trillion

GDP (PPP): $14.24 trillion

India is actually third in terms of PPP rankings. It has the fastest growing economy in the world, increasing its size by six times since 2000. It is described as a developing market economy, as it tends to depend on supply and demand from other countries. India is one of the largest suppliers in the world of commodities, where 66% of the population work in agricultural and food production. This includes milk, fruits and vegetables, seafood, rice, wheat, cattle, sugarcane and cotton. India contributes to the world’s economy in terms of textiles production, natural resources, coal, cement, automobiles, and it is a huge exporter of crude oil and natural gas. Read our guide on how to trade commodities to find the best strategies for investing in our selection of raw materials. You can also trade CFDs on our commodity indices, which contain multiple assets from within the same sector in one trade. These include an Agricultural Index and a Precious Metals Index.

6. United Kingdom

Nominal GDP: $3.38 trillion

GDP (PPP): $3.63 trillion

The UK has one of the world’s most globalised economies and international trade plays an important role in the economy. The services sector contributes to around 80% of overall GDP, with a particular focus on banking and finance, as the UK is the world’s second largest financial centre, after New York. The UK’s central bank is the Bank of England, which is responsible for setting interest rates and keeping a stable cost of living across the nation. A leader in the aerospace industry, the UK has helped to develop many popular aircraft models in collaboration with foreign manufacturers, such as Boeing and Airbus. The pharmaceutical industry is also very prominent and has contributed towards research and development, retail, prescription drugs and vaccine development during times of medical emergency. Some top pharma stocks in the UK include GlaxoSmithKline (GSK) and AstraZeneca. One of the most popular stock indices is the FTSE 100, which consists of the 100 top UK companies by market capitalisation. This index represents the highest performing stocks in the UK, including those mentioned above.

7. France

Nominal GDP: $3.05 trillion

GDP (PPP): $3.73 trillion

Aside from being the most visited tourist destination in the world, France has a high GDP per capita, meaning that there is a high standard of living within the country. France relies heavily on tourist income for its booming economy, but it also is a world leader in the chemical, pharmaceutical and automobile industries. In particular, Sanofi is the world’s fifth largest pharmaceutical company, Groupe PSA is the world’s sixth largest car manufacturer and Total is one of the seven major oil companies in the world. These large-cap stocks offer promising returns in the stock market. France has a particularly large agricultural presence within the global markets and accounts for one third of agricultural land in Europe. It is known for the production of high-quality produce, including cheese, wine, poultry, dairy products and wheat, which are the main exports. Around 90 million tourists visit France each year to experience this fine culture and standard of living, and tourism accounts for around 10% of nominal GDP, as well as supporting around 11% of domestic employment.

8. Italy

Nominal GDP: $2.30 trillion

GDP (PPP): $3.13 trillion

Italy’s economy is divided between the north and south regions of the country. The highly industrialised north contributes towards the majority of the country’s economy, whereas the south is less developed, with higher poverty levels and unemployment. Following the 2008 financial crisis, unemployment rates started to soar, peaking at 12.7% in 2014 and mostly affecting the younger generations. However, this figure has managed to decrease to an average of 9.9% in 2019, which is a considerably lower rate. Italy is the largest hub for luxury goods in Europe and third worldwide. Their manufacturing sector comprises many small and medium-cap companies within the “industrial triangle” of Italy: Milan, Turin and Genoa. These can be promising in terms of growth, and when trading small and medium-cap stocks, traders could take a look at the company’s fundamentals to see whether they will be a good investment. The northern regions of Italy tend to reflect automotive, aerospace and other technical industries, whereas the southern regions usually focus on more family-run businesses, as well as the production of textiles, tools and commodities.

9. Brazil

Nominal GDP: $2.17 trillion

GDP (PPP): $4.16 trillion

Brazil has a strong reliance on domestic consumption, with an economy that is driven by its services sector (around 59% of GDP), followed by industry (22%) and agriculture (6%). The country benefits from abundant natural resources and a large population. Brazil does however face a number of challenges, including high government debt and inequality, and elevated interest rates. Recent growth has been moderate, supported by strong consumer spending.

10. Canada

Nominal GDP: $2.14 trillion

GDP (PPP): $2.34 trillion

Canada is famous for its mining of precious metals and is home to some of the largest gold production companies in the world, which has had an enormous affect on its overall economy. Goldcorp was once the largest gold supplier in the world, before it merged with US-owned Newmont Corporation in 2019, leading to a rebrand of Newmont Goldcorp Corporation. Barrick Gold, Yamana Gold and Kinross Gold, along with other Canadian gold stocks, are all listed on major international exchanges and available to trade on our platform. Read our article on how to trade gold. Canada has one of the best employment rates worldwide, with an average yearly unemployment rate of around 5-6%, although this has jumped significantly since the Covid-19 pandemic. This is partially due to its prominence within the services and manufacturing sectors, as supply and demand is growing consistently, along with opportunities for work.

Top emerging economies in the world

An emerging market is a country that is expected to grow, whether this be in terms of GDP, production of goods and services, or investment opportunities. Some of the fastest growing economies in the world include ones that are featured on the above list, including China and India. Other countries that have also shown promising growth in recent years include Russia, Mexico, Egypt, Indonesia and Turkey, and over half of global growth is made up of these emerging markets.