Biggest Economies in the World (2015-2025) in terms of GDP at a Glance

 

World Biggest Economies in terms of GDP

Synopsis

The United States has been identified as the world's biggest economy from 2015 to 2025 and  China is in second place. India is rapidly fast and by 2025, India is poised to move ahead of Japan and become the fourth-largest economy. India's economy is growing on account of new technology, more businesses, and also with better farming. Experts say that by 2027, India will be the third-largest economy, overcoming Germany. 

Key Highlights:

• The top ten largest economies in the world contribute significantly to global GDP - Gross Domestic Product -  and have a strong influence on international trade and economic policies. In this report, it s covers the 10 largest economies of the world based on the GDP.

• The biggest economy in the world is the United States, having a GDP of USD 26,854 billion. The U.S. has come to the top of the list since the 20th century. However, in the coming years, it is more likely that China will surpass the US as the biggest economy in the world. 

What is GDP?

GDP means Gross Domestic Product. GDP is often cited in government reports,  newspapers, television, and  central banks (RBI), and the business community

India's Economy in 2025

Ahead of 2025, India is cited to be the fifth richest country in the world. But by 2025, India will be in 4th place. But India will be richer than Japan. By 2027, India will be in third place, richer than Germany.

Top 10 Richest Countries in 2025

Here are the biggest economies in the world, according to India Monetary Fund (IMF) data:-

• United States: Richest country! (USD29,840 billion) - The US GDP per capita  is USD89,680
• China : (USD18,533 billion) - The GDP per capita in China stands at USD13,870.
• Germany : (USD4,772 billion)  The GDP per capita is USD55,520. 
• India : (USD4,340 billion) - GDP per capita at USD2,940.
• Japan : (USD4,310 billion) - The GDP per capita is USD35,610. 
• United Kingdom : (USD3,685 billion) - The GDP per capita of the UK is USD54,280. 
• France : (USD3,223 billion) - GDP per capita of USD49,530. 
• Brazil : (USD2,438 billion) - The GDP per capita in Brazil is USD10,820.
• Italy : (USD2,390 billion) - GDP per capita stands at USD41,710.
• Canada : (USD2,361 billion) - GDP per capita is USD55,890.

How is India Growing?

India is growing very fast! India is generating more benefits of revenue from farming, computers, and small businesses. In 2024, India's economy will grow by 7 percent, which is shown as the fastest in the world! More people are buying things, and big companies from other countries are coming to India.

How Much Revenue Do People Make in India?

People in India are earning more income now. 

The average income of India in 2012 was Rs. 71,609 per annum, whereas in the year  2023, it became Rs.2.00 lakh. In addition, more jobs and businesses are helping Indians earn more.

Check India's GDP Growth in the Last 10 Years at a glance.

India’s economy has gone up and down in the last 10 years:

• Year 2013: 6.39% growth
• Year 2014: 7.41% growth
• Year 2015: 8.00% growth
• Year 2016: 8.26% growth
• Year 2017: 6.80% growth
• Year 2018: 6.45% growth
• Year 2019: 3.74% growth (big drop)
• Year 2020: -6.60% (COVID-19 hit hard)
• Year 2021: 8.68% growth (India bounced back!)
• Year 2022: 7.00% growth
• Year 2023: 8.20% growth
• Year 2024: 8.20% growth

 

Notably, even though COVID-19 slowed India down, it recovered fast.

 

Why is India Growing Fast?

 

India is growing because of:

• Farming (crops, fruits, vegetables)
• Computers and technology
• Businesses and shops
• Better roads, hospitals, and schools

 

To sum up, India is becoming one of the richest countries. In 2024, India became the fourth richest, but in 2025, it will be fourth. Soon, it is expected it will be in the top 3.