$124 Trillion And Counting… These Are The World’s Largest Economies

The 2026 world economy has a cautious outlook, according to the October report put out by the International Monetary Fund (IMF).

The organization says that global growth is slowing amid fragmentation and rising protectionism. Significant downside risks are present, ranging from a potential tech stock repricing to eroding institutional independence which could weaken policy decisions.

Nevertheless, in the chart below, Visual Capitalist’s Pallavia Rao takes his annual look at every country’s GDP breakdown, using 2026 projections from the IMF’s datamapper, as of October 2025.

It tracks the size of each economy in current-dollar terms.

The U.S. is the Largest Economy in the World

At first place for the last 100 years, and destined to perhaps continue for the next 100?

The American economy is expected to reach $31.8 trillion in GDP by 2026. This is roughly the size of China (2nd), Germany (3rd), and India (4th) combined.

Rank	Region/Country	GDP (Billions USD, 2026)
1	U.S.	$31,821.29
2	China	$20,650.75
3	Germany	$5,328.18
4	India	$4,505.63
5	Japan	$4,463.63
6	UK	$4,225.64
7	France	$3,558.56
8	Italy	$2,701.54
9	Russia	$2,509.42
10	Canada	$2,420.84
11	Brazil	$2,292.69
12	Spain	$2,041.83
13	Mexico	$2,031.00
14	Australia	$1,948.23
15	South Korea	$1,936.62
16	Türkiye	$1,576.11
17	Indonesia	$1,550.24
18	Netherlands	$1,413.08
19	Saudi Arabia	$1,316.25
20	Poland	$1,109.96
21	Switzerland	$1,074.59
22	Taiwan	$971.45
23	Belgium	$761.17
24	Ireland	$750.11
25	Sweden	$711.50
26	Argentina	$667.92
27	Israel	$666.41
28	Singapore	$606.23
29	Austria	$604.20
30	UAE	$601.16
31	Thailand	$561.51
32	Norway	$547.69
33	Philippines	$533.92
34	Bangladesh	$519.29
35	Vietnam	$511.06
36	Malaysia	$505.36
37	Denmark	$500.05
38	Colombia	$462.25
39	Hong Kong	$446.65
40	Romania	$444.81
41	South Africa	$443.64
42	Czech Republic	$417.13
43	Egypt	$399.51
44	Iran	$375.64
45	Portugal	$364.53
46	Chile	$363.30
47	Finland	$335.53
48	Nigeria	$334.34
49	Peru	$326.61
50	Kazakhstan	$319.77
51	Greece	$304.84
52	Algeria	$284.98
53	New Zealand	$280.55
54	Iraq	$273.91
55	Hungary	$269.92
56	Qatar	$239.14
57	Ukraine	$224.26
58	Morocco	$196.12
59	Slovak Republic	$167.73
60	Kuwait	$162.90
61	Uzbekistan	$159.20
62	Bulgaria	$142.20
63	Kenya	$140.87
64	Dominican Republic	$138.34
65	Ecuador	$134.71
66	Guatemala	$129.47
67	Puerto Rico	$129.19
68	Ethiopia	$125.74
69	Ghana	$113.49
70	Croatia	$113.13
71	Serbia	$112.11
72	Côte d’Ivoire	$111.45
73	Angola	$109.86
74	Costa Rica	$109.14
75	Oman	$108.91
76	Luxembourg	$107.76
77	Lithuania	$104.65
78	Panama	$95.91
79	Tanzania	$95.35
80	Uruguay	$90.64
81	Belarus	$90.56
82	DRC	$88.13
83	Slovenia	$85.74
84	Azerbaijan	$80.02
85	Venezuela	$79.92
86	Turkmenistan	$76.90
87	Uganda	$72.46
88	Cameroon	$67.52
89	Myanmar	$65.17
90	Tunisia	$60.43
91	Jordan	$59.29
92	Zimbabwe	$55.43
93	Macao SAR	$54.94
94	Latvia	$52.25
95	Paraguay	$51.67
96	Cambodia	$51.51
97	Estonia	$51.04
98	Bahrain	$49.19
99	Libya	$49.16
100	Nepal	$49.11
101	Iceland	$43.40
102	Cyprus	$43.16
103	Honduras	$40.82
104	Georgia	$40.18
105	Senegal	$39.99
106	Sudan	$39.47
107	El Salvador	$37.98
108	Bosnia & Herzegovina	$36.24
109	Zambia	$33.95
110	Papua New Guinea	$33.46
111	Albania	$32.41
112	Haiti	$31.10
113	Guinea	$30.92
114	Burkina Faso	$30.71
115	Malta	$30.44
116	Armenia	$29.08
117	Mali	$28.48
118	Guyana	$27.49
119	Benin	$27.45
120	Trinidad & Tobago	$26.76
121	Mongolia	$26.52
122	Mozambique	$26.51
123	Niger	$26.11
124	Jamaica	$24.13
125	Chad	$23.56
126	Gabon	$22.73
127	Nicaragua	$21.86
128	Kyrgyz Republic	$21.56
129	Madagascar	$21.09
130	Moldova	$21.02
131	North Macedonia	$20.75
132	Botswana	$20.71
133	Tajikistan	$18.94
134	Malawi	$17.86
135	Lao P.D.R.	$17.78
136	Yemen	$17.24
137	Congo	$16.95
138	The Bahamas	$16.84
139	Mauritius	$16.76
140	Brunei Darussalam	$16.46
141	Namibia	$16.10
142	Rwanda	$15.47
143	Equatorial Guinea	$14.10
144	Kosovo	$14.10
145	Somalia	$13.91
146	Mauritania	$12.85
147	Togo	$12.18
148	Montenegro	$10.23
149	Liechtenstein	$10.12
150	Sierra Leone	$9.30
151	Burundi	$9.21
152	Maldives	$8.22
153	Barbados	$7.94
154	Fiji	$6.70
155	South Sudan	$6.03
156	Liberia	$5.59
157	Eswatini	$5.50
158	Djibouti	$5.00
159	Suriname	$4.87
160	Andorra	$4.72
161	Aruba	$4.47
162	Bhutan	$3.77
163	Central African Republic	$3.71
164	Belize	$3.44
165	Cabo Verde	$3.14
166	Saint Lucia	$2.77
167	Guinea-Bissau	$2.76
168	Gambia, The	$2.67
169	Lesotho	$2.47
170	Antigua and Barbuda	$2.46
171	San Marino	$2.39
172	Seychelles	$2.25
173	Timor-Leste	$2.21
174	Solomon Islands	$2.05
175	Comoros	$1.77
176	Grenada	$1.52
177	Samoa	$1.33
178	Saint Vincent & the Grenadines	$1.30
179	Saint Kitts & Nevis	$1.19
180	Vanuatu	$1.18
181	São Tomé & Príncipe	$1.13
182	Dominica	$0.79
183	Tonga	$0.62
184	Micronesia	$0.52
185	Palau	$0.36
186	Kiribati	$0.34
187	Marshall Islands	$0.33
188	Nauru	$0.18
189	Tuvalu	$0.06
N/A	World	$123,584.49

A somewhat resilient labor market and continued consumer spending underpin this dominance.

However its growth projections have been revised downward since this time last year after trade wars rattled global markets and contributed to rising prices for the world’s largest consumer economy.

 Related: Check out this breakdown of America’s $19 trillion consumer economy.

Meanwhile, China’s GDP is projected at $20.7 trillion, 35% below the U.S. total but still threefold that of the third-ranked Germany.

Structural headwinds—from an aging population to a tepid property market—are cooling GDP growth to the 4% range, the slowest multi-year pace in four decades.

Added disruption from tariffs on Chinese goods will also affect the world’s largest export sector.

 Related: Check out the World’s 30 Largest Export Countries.

India ($4.5 trillion) is on track to hold on to fourth place after leapfrogging Japan in 2025, helped by its domestic demand. Elsewhere, Indonesia and Türkiye edge up the list, illustrating the demographic advantage and policy reforms of many mid-income nations.

A Regional Breakdown of Global GDP

Asia pips North America as the world’s largest economic region.

With China, Japan, and India, the region has a slight advantage over the U.S. and Canada.

Europe ranks third by GDP, followed by the Middle East, South America, Africa, and finally, Oceania.

Ranked: Countries by GDP per Capita in 2026

The top three richest countries (by GDP per Capita) are also unchanged: Luxembourg ($154,115), Ireland, ($135,247), and Switzerland ($118,173).

All three benefit from significant foreign inflows that boost their economies relative to their population.

Rank	Country	ISO	Region	GDP Per Capita 2026
1	Luxembourg	LUX	Europe	$154,115
2	Ireland	IRL	Europe	$135,247
3	Switzerland	CHE	Europe	$118,173
4	Iceland	ISL	Europe	$108,591
5	Singapore	SGP	Asia	$99,042
6	Norway	NOR	Europe	$96,580
7	U.S.	USA	North America	$92,883
8	Denmark	DNK	Europe	$82,706
9	Netherlands	NLD	Europe	$77,881
10	Macao	MAC	Asia	$77,443
11	Qatar	QAT	Middle East	$76,534
12	San Marino	SMR	Europe	$69,493
13	Australia	AUS	Oceania	$69,358
14	Sweden	SWE	Europe	$66,124
15	Austria	AUT	Europe	$65,640
16	Israel	ISR	Middle East	$64,275
17	Belgium	BEL	Europe	$63,896
18	Germany	DEU	Europe	$63,600
19	UK	GBR	Europe	$60,011
20	Finland	FIN	Europe	$59,750
21	Hong Kong	HKG	Asia	$58,999
22	Canada	CAN	North America	$58,244
23	UAE	ARE	Middle East	$53,842
24	Malta	MLT	Europe	$53,082
25	New Zealand	NZL	Oceania	$52,181
26	France	FRA	Europe	$51,708
27	Andorra	AND	Europe	$51,681
28	Italy	ITA	Europe	$45,883
29	Cyprus	CYP	Europe	$45,601
30	Taiwan, China	TWN	Asia	$41,586
31	Aruba	ABW	South America	$41,026
32	Puerto Rico	PRI	North America	$40,707
33	Spain	ESP	Europe	$40,582
34	The Bahamas	BHS	North America	$40,409
35	Slovenia	SVN	Europe	$40,164
36	Czech Republic	CZE	Europe	$38,373
37	South Korea	KOR	Asia	$37,523
38	Estonia	EST	Europe	$37,195
39	Japan	JPN	Asia	$36,391
40	Lithuania	LTU	Europe	$36,225
41	Saudi Arabia	SAU	Middle East	$35,839
42	Brunei	BRN	Asia	$35,414
43	Guyana	GUY	South America	$34,307
44	Portugal	PRT	Europe	$33,972
45	Kuwait	KWT	Middle East	$31,242
46	Slovakia	SVK	Europe	$31,026
47	Poland	POL	Europe	$30,651
48	Bahrain	BHR	Middle East	$29,778
49	Greece	GRC	Europe	$29,412
50	Croatia	HRV	Europe	$29,368
51	Hungary	HUN	Europe	$28,304
52	Latvia	LVA	Europe	$28,024
53	Barbados	BRB	North America	$27,175
54	Uruguay	URY	South America	$26,041
55	Romania	ROU	Europe	$23,768
56	Antigua & Barbuda	ATG	North America	$23,117
57	Saint Kitts & Nevis	KNA	North America	$23,071
58	Bulgaria	BGR	Europe	$22,896
59	Seychelles	SYC	Africa	$21,940
60	Panama	PAN	North America	$20,754
61	Palau	PLW	Oceania	$20,718
62	Costa Rica	CRI	North America	$20,134
63	Maldives	MDV	Asia	$19,682
64	Oman	OMN	Middle East	$19,182
65	Trinidad & Tobago	TTO	North America	$18,562
66	Türkiye	TUR	Middle East	$18,232
67	Chile	CHL	South America	$17,876
68	Serbia	SRB	Europe	$17,292
69	Russia	RUS	Europe	$17,287
70	Montenegro	MNE	Europe	$16,380
71	Kazakhstan	KAZ	Asia	$15,527
72	Saint Lucia	LCA	North America	$15,163
73	Mexico	MEX	North America	$15,111
74	Nauru	NRU	Oceania	$14,959
75	Malaysia	MYS	Asia	$14,762
76	China	CHN	Asia	$14,730
77	Argentina	ARG	South America	$13,895
78	Mauritius	MUS	Africa	$13,362
79	Grenada	GRD	North America	$13,041
80	Dominican Republic	DOM	North America	$12,605
81	Albania	ALB	Europe	$12,147
82	Saint Vincent & the Grenadines	VCT	North America	$11,663
83	North Macedonia	MKD	Europe	$11,527
84	Turkmenistan	TKM	Asia	$11,387
85	Georgia	GEO	Europe	$10,886
86	Brazil	BRA	South America	$10,709
87	Bosnia & Herzegovina	BIH	Europe	$10,546
88	Dominica	DMA	North America	$10,459
89	Belarus	BLR	Europe	$10,016
90	Gabon	GAB	Africa	$9,647
91	Peru	PER	South America	$9,398
92	Armenia	ARM	Europe	$9,393
93	Marshall Islands	MHL	Oceania	$9,391
94	Moldova	MDA	Europe	$8,984
95	Kosovo	XKX	Europe	$8,972
96	Jamaica	JAM	North America	$8,756
97	Colombia	COL	South America	$8,644
98	Equatorial Guinea	GNQ	Africa	$8,378
99	Belize	BLZ	North America	$8,116
100	Thailand	THA	Asia	$7,979
101	Azerbaijan	AZE	Europe	$7,624
102	Ecuador	ECU	South America	$7,384
103	Botswana	BWA	Africa	$7,379
104	Paraguay	PRY	South America	$7,324
105	Mongolia	MNG	Asia	$7,320
106	Suriname	SUR	South America	$7,300
107	Fiji	FJI	Oceania	$7,170
108	Libya	LBY	Africa	$6,972
109	Guatemala	GTM	North America	$6,851
110	South Africa	ZAF	Africa	$6,835
111	Ukraine	UKR	Europe	$6,718
112	Samoa	WSM	Oceania	$6,253
113	Tonga	TON	Oceania	$6,221
114	Tuvalu	TUV	Oceania	$6,137
115	Cabo Verde	CPV	Africa	$6,069
116	Algeria	DZA	Africa	$5,956
117	El Salvador	SLV	North America	$5,933
118	Iraq	IRQ	Middle East	$5,873
119	Micronesia	FSM	Oceania	$5,492
120	Indonesia	IDN	Asia	$5,398
121	Namibia	NAM	Africa	$5,182
122	Morocco	MAR	Africa	$5,154
123	Jordan	JOR	Middle East	$5,149
124	Vietnam	VNM	Asia	$4,965
125	Tunisia	TUN	Africa	$4,826
126	Bhutan	BTN	Asia	$4,710
127	Djibouti	DJI	Africa	$4,681
128	Philippines	PHL	Asia	$4,619
129	Eswatini	SWZ	Africa	$4,610
130	São Tomé & Príncipe	STP	Africa	$4,591
131	Iran	IRN	Middle East	$4,250
132	Uzbekistan	UZB	Asia	$4,136
133	Honduras	HND	North America	$3,699
134	Egypt	EGY	Africa	$3,579
135	Côte d’Ivoire	CIV	Africa	$3,294
136	Vanuatu	VUT	Oceania	$3,185
137	Ghana	GHA	Africa	$3,179
138	Zimbabwe	ZWE	Africa	$3,127
139	Nicaragua	NIC	North America	$3,084
140	India	IND	Asia	$3,051
141	Venezuela	VEN	South America	$2,972
142	Bangladesh	BGD	Asia	$2,960
143	Cambodia	KHM	Asia	$2,939
144	Kyrgyzstan	KGZ	Asia	$2,925
145	Mauritania	MRT	Africa	$2,717
146	Angola	AGO	Africa	$2,701
147	Kiribati	KIR	Oceania	$2,615
148	Kenya	KEN	Africa	$2,596
149	Papua New Guinea	PNG	Oceania	$2,560
150	Republic of Congo	COG	Africa	$2,542
151	Solomon Islands	SLB	Oceania	$2,522
152	Haiti	HTI	North America	$2,444
153	Laos	LAO	Asia	$2,254
154	Cameroon	CMR	Africa	$2,195
155	Senegal	SEN	Africa	$2,030
156	Guinea	GIN	Africa	$1,909
157	Comoros	COM	Africa	$1,904
158	Tajikistan	TJK	Asia	$1,799
159	Benin	BEN	Africa	$1,788
160	Nepal	NPL	Asia	$1,658
161	Timor-Leste	TLS	Asia	$1,547
162	Zambia	ZMB	Africa	$1,523
163	Uganda	UGA	Africa	$1,458
164	Tanzania	TZA	Africa	$1,378
165	Nigeria	NGA	Africa	$1,378
166	Guinea-Bissau	GNB	Africa	$1,342
167	Burkina Faso	BFA	Africa	$1,246
168	Togo	TGO	Africa	$1,215
169	Chad	TCD	Africa	$1,209
170	Myanmar	MMR	Asia	$1,176
171	Ethiopia	ETH	Africa	$1,124
172	Mali	MLI	Africa	$1,094
173	Rwanda	RWA	Africa	$1,069
174	Sierra Leone	SLE	Africa	$1,033
175	Lesotho	LSO	Africa	$1,024
176	Liberia	LBR	Africa	$956
177	Gambia, The	GMB	Africa	$925
178	Niger	NER	Africa	$864
179	DR Congo	COD	Africa	$801
180	Somalia	SOM	Africa	$798
181	Sudan	SDN	Africa	$763
182	Malawi	MWI	Africa	$721
183	Mozambique	MOZ	Africa	$720
184	Madagascar	MDG	Africa	$653
185	Central African Republic	CAF	Africa	$651
186	Burundi	BDI	Africa	$618
187	Yemen	YEM	Middle East	$401
188	South Sudan	SSD	Africa	$369
N/A	World	WRLD	World	$15,280

Notably, European countries take up half of the top 20 spots, indicating the region’s overall standard of living.

And on the other end, 17 African countries are in the top 20 poorest countries by GDP per capita.

If you enjoyed today’s post, check out A Visual Breakdown of Where Economic Power Lies on Voronoi, the new app from Visual Capitalist.