The U.S. is facing stiff competition from several countries that want to uproot the dollar as the world’s reserve currency. From China to Russia and Iran, a handful of economies are looking to dethrone the U.S. dollar and promote local currencies. Despite all the odds, the U.S. boasts of being the largest economy in terms of GDP in 2024.
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No other country has come close to the U.S. economy as its GDP is far superior to the rest of the world. Be it economy and finance, banking, or entertainment, the U.S. tops the charts. In this article, we will highlight the top 10 economies in the world in 2024.
Top 10 Countries With the Largest Economy In Terms of GDP in 2024
A lot of countries are now emerging economies and their economies are growing by nearly 7% every year. Economies like India and China are surging 7% year-on-year while the U.S. is moving at only 2%. While the U.S. economy is moving at a snail’s pace after the COVID-19 era, India and China are booming. Both countries recovered quickly and their economies are growing rapidly since 2022.
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Below is the list of the top 10 economies in the world in 2024.
| Sl | Country | Economy (Estimated GDP 2024) |
| 1. | United States | $27.97 trillion |
| 2. | China | $18.5 trillion |
| 3. | Germany | $4.5 trillion |
| 4. | Japan | $4.2 trillion |
| 5. | France | $3.8 trillion |
| 6. | India | $3.7 trillion |
| 7. | United Kingdom | $3.5 trillion |
| 8. | Italy | $2.2 trillion |
| 9. | Canada | $2.1 trillion |
| 10. | Russia | $1.8 trillion |
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The U.S. tops the list of the 10 biggest economies in the world in 2024. China is nearly 50% behind the U.S. economy while the others are distant with single-digit GDP. However, the U.S. economy boasts the highest number of jobs with hiring open to all sectors. Read here to know the top 10 most searched jobs in the U.S. this year in 2024.