GDP Purchasing Power Parity as of 2024

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In 2024, changes in GDP purchasing power parity (PPP) are reshaping the landscape, showcasing the shifting fortunes of nations worldwide. GDP (PPP) is a metric for evaluating the strength and purchasing power of different countries. Let’s take a look at the recent data.

GDP Purchasing Power Parity

China

GDP Purchasing Power Parity

Leading the pack in GDP purchasing power parity, China cements its status as the world’s largest economy by GDP PPP standing at an impressive $35.04 trillion. China’s remarkable economic growth trajectory continues to influence trade dynamics and investment patterns.

USA

Close on China’s heels is the USA with a GDP purchasing power parity of $27.97 trillion. Despite grappling with hurdles including those stemming from the COVID 19 the US upholds its position as a significant economic force.

India

Securing third place is India with a GDP purchasing power parity of $14.26 trillion. The Indian economy, driven by a growing population and an expanding middle class showcases resilience. Promising prospects for expansion.

Japan

Maintaining its position as one of the world’s economies Japan boasts a GDP purchasing power parity of $6.71 trillion. Despite encountering challenges related to demographics and economic slowdown in times Japan remains pivotal in trade and technological advancements.

Germany

Germany ranks fifth with a GDP PPP of $5.72 trillion known for its manufacturing sector and export focus contributing to growth within the European Union.

Russia

Russia maintains its influence with a GDP purchasing power parity of $5.23 trillion playing a role in energy markets and global geopolitics due to its abundant resources.

Indonesia

Indonesia is emerging as a force boasting a GDP PPP of $4.72 trillion driven by its large and youthful population that signals vast potential for growth and development.

Brazil

Brazil stands out as the economy in South America with a GDP PPP of $4.26 trillion leveraging its natural resources and diverse industrial base to remain influential in regional and global markets.

France

France holds a position in the European Union economy with a GDP PPP of $4.01 trillion recognized for its heritage and technological advancements that contribute to influence across various sectors.

United Kingdom

The United Kingdom closes the ten list with a GDP PPP of $3.98 trillion despite facing economic shifts, like those related to Brexit. It continues to be a financial hub.

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