Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 3

5 countries by GDP in 2022

1. United States: $20.89 trillion


2. China: $14.72 trillion
3. Japan: $5.06 trillion
4. Germany: $3.85 trillion
5. United Kingdom: $2.67 trillion

1. United States
 GDP – Nominal: $20.89 trillion
 GDP per Capita: $63,413
 GDP – Purchasing Power Parity (PPP): $20.89 trillion
A number of factors contribute to the success of the United States. An
entrepreneurial environment that encourages hard work and long hours certainly
helps. But decentralized government, advanced research universities, and favorable
regulatory environments also contribute. The United States will likely always be in
the top countries by GDP in the world. 

2. China 
 GDP – Nominal: $14.72 trillion
 GDP per Capita: $10,434
 GDP – Purchasing Power Parity (PPP) : $17,204
The Chinese economy, one of the fastest growing economies of the 21st century,
now ranked as the second largest economy in the world, is currently valued at a
GDP of $14.86 trillion. With China’s Belt and Road Initiative effectively merging its
foreign and economic policy, promotion of using the Chinese Renminbi for the use
of settlements has increased. The country is increasingly playing an influential role
in the global economy. It has been the largest contributor to global growth since
the financial crisis of 2008.
3. Japan
 GDP – Nominal: $5.06 trillion
 GDP per Capita: $39,048
 GDP – Purchasing Power Parity (PPP): $5.24 trillion
Japan’s four main islands – Honshu, Hokkaido, Shikoku, and Kyushu – constitute
nearly 98% of its land area. It has the world’s 3rd largest economy by nominal GDP
and the 4th largest economy by purchasing power parity (PPP).

Ranked as one of most innovative countries in the world, Japan is the world’s
largest electronic goods producer and the 3rd largest automobile manufacturer.
The country generally has a surplus in annual trade and international investment.
The country’s workforce is highly qualified and skilled, proving to be instrumental in
organizational growth. All of these factors contribute to Japan being one of the top
countries by GDP.

4. Germany
 GDP – Nominal: $3.85 trillion
 GDP per Capita: $45,466
 GDP – Purchasing Power Parity (PPP): $4.45 trillion
Germany has the 4th largest GDP in the world. The total value of exports and
imports is equal to 86.9% of GDP. Germany is a European nation with the biggest
drivers of its economy being its service industries, including telecommunication,
healthcare, and tourism. 
The nation employs a social market economy that emphasizes the value of open-
market capitalism and also ensures a number of social services guarantees. The
country is ranked #1 in the world for entrepreneurship due to its skilled labor force,
highly developed infrastructure, and technological expertise.
5. United Kingdom
 GDP – Nominal: $2.76 trillion
 GDP per Capita: $39,229
 GDP – Purchasing Power Parity (PPP): $2.98 trillion
The United Kingdom (UK), also known as the United Kingdom of Great Britain and
Northern Ireland consists of England, Wales, Scotland, and Northern Ireland. It is
the 5th largest economy in the world and the 2nd largest in Europe in terms of
GDP. The UK ranks high in the annual Global Competitiveness Reports and the
World Bank’s Ease of Doing Business Rankings.

You might also like