the World Economy Ranking 2023 list

Italy, US $ 1.99 trillion

Italy's economy blends craftsmanship, fashion, and manufacturing. It faces challenges such as public debt and demographic trends but remains a vibrant European economy.

10

Russia, US$ 2.113 trillion

Russia's economy relies on energy exports, minerals, and manufacturing, though geopolitical factors and economic diversification challenges affect its global standing.

09

Canada, US$ 2.2 trillion

Canada's resource-rich economy thrives on energy, natural resources, and strong financial sectors, contributing to its prosperity as a major North American economy.

08

France, US$ 2.778 trillion

France, a leading European economy, combines agriculture, manufacturing, and services, maintaining a reputation for culture, fashion, and aerospace industries.

07

UK, US$ 3.199 trillion

The United Kingdom's diverse economy encompasses finance, technology, and creative industries, although Brexit-related uncertainties have influenced economic dynamics.

06

India, US$ 3.469 trillion

India's growing economy is driven by a young workforce, a thriving services sector, and efforts to bolster infrastructure and innovation, positioning it as a major emerging market.

05

Germany, US$ 4.031 trillion

Germany, a European economic powerhouse, is renowned for its precision engineering, manufacturing, and exports, making it a key player in the European Union's economic stability.

04

Japan, US$ 4.301 trillion

Japan's advanced industrial base, innovation, and technology exports contribute to its strong economy, despite an aging population and fiscal challenges.

03

China, US$ 18.321 trillion

China's rapid economic growth continues, propelled by manufacturing, exports, and a burgeoning consumer class, solidifying its position as the second-largest global economy.

02

America (USA), US$ 25.035 trillion

The United States boasts the world's largest economy, driven by diverse industries, technological innovation, and a strong consumer market, making it a global economic powerhouse.

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