The United States of America(USA) retains its position as the largest economy in the world with a Gross Domestic Product (GDP) of USD 30.51 trillion, followed by China(USD 19.53 trillion) and Germany (USD 4.92 trillion) in Washington, D.C., the United States of America(USA) based International Monetary Fund (IMF’s) ‘April 2025 World Economic Outlook(WEO)’,
- India is the fourth largest economy in the world with a Gross Domestic Product (GDP) of USD 4.39 trillion. India is expected to overtake both Germany and Japan by the year 2030, provided the current economic growth trajectory remains consistent.
- The IMF also forecasts India to be the fastest-growing major economy over the next two years, maintaining a significant advantage over both global and regional competitors.
Highlights of the Report:
The report highlighted that the ongoing trade conflict has the potential to further weaken global economic growth prospects and negatively impact the international financial system.
- The global economy has stabilised, showing a steady and well above recession levels, yet modest growth rates due to the escalating trade-war tensions by the USA-imposed tariffs and global uncertainty.
Top 10 largest economies in the world by GDP (Current Prices) in 2025:
SI No | Country Name | GDP (USD) | GDP Per Capita (Current Prices) (USD) |
|---|---|---|---|
1 | United States | 30.51 trillion | 89.11 thousand |
2 | China | 19.23 trillion | 13.69 thousand |
3 | Germany | 4.74 trillion | 55.91 thousand |
4 | India | 4.19 trillion | 2.88 thousand |
5 | Japan | 4.19 trillion | 33.96 thousand |
6 | United Kingdom (U.K.) | 3.84 trillion | 54.95 thousand |
7 | France | 3.21 trillion | 46.39 thousand |
8 | Italy | 2.42 trillion | 41.09 thousand |
9 | Canada | 2.23 trillion | 53.56 thousand |
10 | Brazil | 2.13 trillion | 9.96 thousand |
Points to Note:
i.GDP (Gross Domestic Product) measures the monetary value of final goods and services that is, those that are bought by the final user, produced in a country in a given period of time (usually one year). It counts all of the output generated within the borders of a country.
ii.GDP per capita is an economic metric that breaks down a country’s economic output to a per-person allocation. It is calculated by dividing the GDP of a nation by its population.
Recent Related News:
In March 2025, New York (the United States of America, USA)-based brokerage firm, Morgan Stanley has projected that India will become the 3rd largest economy in the world by 2028, supported by macro-stability influenced policy and better infrastructure. India will overtake Germany (which is currently world’s 3rd largest economy) as its economy is most likely to expand to USD 5.7 trillion in 2028.
