In this article we are going to list the 5 countries with the highest GDP in 2022. For a detailed coverage of this topic and a more comprehensive list please take a look at the 30 countries with the highest GDP in 2022.
5. India
Total GDP in current prices (in billions): $3,469
India may be one of the countries with the highest GDP in 2022, but it is important to remember that is GDP per capita is still very low because of its high and consistently increasing population, having overtaken China recently to become the most populated country in the world. While a large percentage of the country still lives in abject poverty and extremely low standards of living, there can be no denying that it is still rising in terms of importance on the global stage and among the G20, is set to be the second-fastest growing economy in FY22-223.
4. Germany
Total GDP in current prices (in billions): $4,031
The biggest economy in Europe, Germany’s real GDP grew by 1.8% in 2022, according to the European Commission. A boost in demand more than offset high inflation in a country where its biggest industries include the automotive industry, machine building, electronics and electrical engineering, and chemical.
3. Japan
Total GDP in current prices (in billions): $4,301
According to Deloitte, the economy of Japan is expected to continue to grow, even if modestly, with higher consumer spending as a result of pent-up demand, which will be partially offset by high inflation and low wage growth.
2. China
Total GDP in current prices (in billions): $18,321
China’s development in the past three decades has been nothing short of astonishing, catapulting it into second place in this list, though it still has a long way to go to compete with the first-placed country. The past three years have been devastating for the country’s economy as it pursued a “Zero-Covid” policy which resulted in extremely strict regulations. However, recently, the company has opened its doors and reversed its stance on its policy, which is expected to provide an economic boost in 2023.
1. United States of America
Total GDP in current prices (in billions): $25,035
Easily topping the list of the countries with the highest GDP in 2022, is unsurprisingly, the United States of America, whose ecnomy is bigger than the next two combined! In fact, if U.S. states were countries, they’d be some of the biggest countries in the world. It is also home to the most valuable company in the world, and among the biggest public companies in the world, in Apple Inc. (NASDAQ:AAPL), whose market cap of $2.35 trillion, which would place it in the top 10 countries in our list. The biggest industries in the country include real estate, finance and insurance, healthcare, and professional, scientific and technical services.
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