The global economy can be thought of as a pie, with the size of each slice representing the share of global gross domestic product (GDP) contributed by each country.

 

Currently, the largest slices of the pie are held by the US, China, Japan, Germany, and India, which together account for more than half of global GDP.

 

Find out world’s largest countries by share of global economy

 

GDP Top 10 Countries ($bln)

1

US

25,035.2

2

China

18,321.2

3

Japan

4,300.6

4

Germany

4,031.1

5

India

3,468.6

6

UK

3,198.5

7

France

2,778.1

8

Canada

2,200.4

9

Russia

2,133.1

10

Italy

1,997.0

 

Global GDP

101,559.3
 
Five countries make up more than 50% of the world’s entire GDP in 2022: the US, China, Japan, India, and Germany. Interestingly, India replaced the UK this year as the largest fifth economy worldwide.

 

Adding on another five countries (the top 10) makes up 66% of the global economy, and the top 25 countries comprise 84% of global GDP.

 

The World’s Smallest Economies

 

The rest of the world — the remaining 167 nations — make up 16% of global GDP. Many of the smallest economies are islands located in Oceania.

 

Tuvalu has the smallest GDP of any country at just $64 million. Tuvalu is one of a dozen nations with a GDP of less than $1 billion.

 

Source: Visual Capitalist

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