In the top 10 largest economies in the world in 2025, India will soon become the 4th largest economy. So how will the GDP rankings of the US, China, Japan, and Russia change?
According to the International Monetary Fund (IMF) World Economic Outlook 2025, among the world's 10 largest economies, India is not only the fastest growing major economy in the world, in terms of GDP, but also achieved another surprising feat by surpassing Japan to become the world's fourth largest economy. India is also a strong candidate for the position of the world's third largest economy in the near future.
The global economic picture in 2024 is also highlighted by the IMF with bright spots, in which major economies such as the US, Russia and India are expected to continue to grow positively. But while advanced economies record low growth, emerging and developing economies tend to slow down, from 4.3% in 2023 to 4.2% in 2024-2025.
According to IMF data, the five countries with the highest nominal GDP in 2024 are the United States, China, Germany, Japan and India. However, when looking at purchasing power parity (PPP) to directly compare different economies without being affected by exchange rate fluctuations, the order of countries has changed. Russia has risen to fourth place, pushing Japan to fifth place and Germany to sixth place.
The US will continue to hold its position as the world’s largest economy by nominal GDP, reaching $29.84 trillion by 2025, according to IMF forecasts. But despite being the world’s largest economy by nominal GDP, the US ranks ninth with a per capita GDP of about $85,370 per year after adjusting for purchasing power, highlighting the gap between total economic output and individual living standards.
China will continue to rank second in the list of the world's 10 largest economies in 2025. According to the IMF's forecast, China's nominal GDP in 2025 will be $19.79 trillion. In 2024, China's GDP is expected to be $18.533 trillion. The IMF said that the real estate crisis and weak domestic demand will continue to put pressure on Asia's No. 1 economy and warned that the country's push to export a large amount of goods could increase trade tensions with other countries.
Over the past two decades, the economy has achieved historic growth, leading many economists to predict that China could surpass the US to become the world's largest economy in the future.
Germany will be the world's third-largest economy in the global GDP rankings in 2025. IMF data estimates that the GDP of Europe's largest economy will be $4,772 billion, up from $4,591 billion in 2024.
According to IMF forecasts, India will achieve a major feat by 2025, becoming the world's fourth largest economy by nominal GDP. India is currently the world's fifth largest economy according to the 2024 rankings, but is expected to surpass Japan to rise to fourth place in the list of the world's 10 largest economies with a nominal GDP of $4.34 trillion. In fact, according to IMF projections, by 2027, India will become the world's third largest economy, surpassing Germany's GDP.
Japan is currently the world's fourth largest economy according to IMF data in 2024. However, by 2025, Asia's leading economy is expected to fall to fifth place in the world's top 10 largest economies. Japan's GDP in 2025 is forecast to be $4,310 billion.
The UK will retain its position as the world's sixth largest economy by GDP size in 2025. The UK's nominal GDP in 2025 is expected to reach around $3.685 trillion, according to the IMF.
The European Union's top economy, France , currently the world's seventh-largest economy by nominal GDP, will remain seventh in 2025, according to IMF calculations. France's nominal GDP is expected to reach $3.223 trillion in 2025.
In the list of the 10 largest economies in 2024, Brazil ranked 9th, and is predicted by the IMF to move up one spot to 8th in 2025. According to the IMF's forecast, Brazil's nominal GDP will be $2,438 billion in 2025.
According to the 2024 World Economic Rankings, Italy is the 8th largest economy by GDP. However, by 2025, it will drop one place and only rank 9th in the world. The IMF predicts that Italy's nominal GDP will be 2,390 billion USD in 2025.
Canada's economy will be the world's 10th largest by 2025. By that year, Canada's GDP will be $2,361 billion, the IMF forecasts.
Mexico is currently the 12th largest economy in the world. However, by 2025, the IMF predicts that the North American economy will surpass Russia to become the world's 11th largest economy in terms of nominal GDP. The IMF predicts that Mexico's GDP in 2025 will be $2,128 billion.
According to IMF calculations, Russia will become the world's 12th largest economy by 2025. Currently, this economy is ranked 11th in the world by nominal GDP, but will be surpassed by Mexico this year, when its GDP will be 2,091 billion USD.
Australia will remain the world's 13th largest economy in 2025, according to the IMF's World Economic Outlook forecast. Its GDP is expected to reach around $1.863 trillion in 2025, up from $1.79 trillion in 2024.
South Korea's economy will rank 14th in 2025, with a GDP of about $1,761 billion, according to the IMF's nominal GDP estimate.
Source: https://baoquocte.vn/10-nen-kinh-te-lon-nhat-the-gioi-2025-vi-tri-cua-my-co-lung-lay-an-do-se-som-co-thu-hang-moi-nga-thuc-dung-thu-bao-nhieu-300975.html
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