50 Biggest Economies in the World by the End of 2024

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1. United States

GDP (2023): $27.36 trillion 

GDP Growth Rate (2024): 2.7% 

GDP (2024): $28.096 trillion 

The United States of America is expected to be the biggest economy in the world by the end of 2024. America had a GDP of $27.36 trillion in 2023, which is forecasted to grow at 2.7% in 2024 to reach $28.096 trillion by the end of the year. The country continues to perform above expectations despite high interest rates, struggling economies around the globe, and a drawdown from excess savings. The government policies have been efficient in bringing inflation closer to the 2% target for 2024. The strong growth of the US economy is backed by increased consumer spending in both the first and second quarters of 2024, an improved labor market delivering real income growth, and stable business and government spending.

At Insider Monkey, we delve into a variety of topics, ranging from the US cities with the most restaurants per capita to business aspects; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

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