Countries by GDP: 10 Largest Economies in the World

Page 8 of 10

3. Japan

2021 GDP: $4.94 trillion

Japan has the third largest economy in the world with a 2021 GDP of $4.94 trillion. While inflation has been a problem for many countries this year, the rise in consumer prices has not been as high in Japan. In October, Japan’s nationwide core consumer price index rose 3.6% year over year, up from 3% year over year in September. Given the lower inflation numbers, Japan’s central bank plans to keep interest rates low to help its economy.

Page 8 of 10