We bring you the list of Top 10 Richest Countries in the World as of 2023
Discover the wealthiest nation in the world in this article. Which nation, the USA or China, is wealthier has recently been the subject of discussion. The list below, in decreasing order, includes the world’s richest nations and economies, we have taken this data as per the latest GDP index by World Bank.
Money can increase a country’s GDP, making it richer, contrary to what the person who declared that money cannot buy happiness meant. The following list of the top 10 richest countries in the world includes:
1. United States – $23.32 trillion
The United States, a country in North America, is the third-largest and most populous country in the world. To overtake China as the richest nation in the world, it once again defeated that nation. So, unsurprisingly, thanks to the US’s dominance it takes the top spot in our Top 10 Richest Countries in the World list.
2. China – $17.73 trillion
China has the second-highest population on the planet. It surpassed the US to take the first rank on the list of the richest countries in the world in 2021. It is currently the second-largest economy, according to the IMF. China, also referred to as the People’s Republic of China is a country in East Asia that is divided into five time zones and has 14 borders.
3. Japan – $4.94 trillion
According to the International Monetary Fund, the island nation of East Asia ranks third on the list of the world’s richest countries. Japan is among the world’s most urbanized countries and the eleventh most populous country overall.
4. Germany – $4.26 trillion
Germany ranks fourth on the list of the richest nations in the world. Its formal name is the Federal Republic of Germany, and it is the second-most populous nation in Europe and the seventh-largest on the continent.
5. India – $3.18 trillion
India’s economy is the fifth-largest in the world, it made a big jump from the seventh position of late and has surpassed a nation like the UK in this latest GDP index. According to the most recent IMF projections, by 2027, the GDP should reach the 5 trillion dollar threshold.
6. UK – $3.13 trillion
The United Kingdom is an island country in Europe made up of England, Scotland, Wales, and Northern Ireland. The European nation ranks sixth on the list of the richest countries in the world, losing its fifth position to India recently, mostly due to the economic turmoil the country has been facing recently after the post-Russia-Ukraine war.
7. France – $2.96 trillion
Another European nation, France, has made it into the top ten richest countries in the world by climbing the list. The country is highly known for its excellent cuisine and fine wines. The capital of the nation, Paris, is well known for its landmarks, museums, and clothing stores.
8. Italy – $2.11 trillion
Italy comes in eighth position among the richest countries in the world. By the end of 2021, the Italian economy had made an impressive comeback from the pandemic shock and was producing at levels that were fairly similar to those prior to COVID. Currently, the economy has just crossed the $2 trillion mark and its trajectory is again recovering.
9. Canada – $1.99 trillion
After the United States, another North American nation seized a position on the list of the richest countries in the world and is growing slowly and steadily. In terms of an overall area, it is the second-largest nation in the world, behind Russia.
10. South Korea – $1.81 trillion
The rising Asian country South Korea is one of the fastest growing nations, and if you consider the small land area, its GDP per capita is one of the highest. However, as a total GDP, the country has made itself into the Top 10 richest countries in the world as of 2023, thanks to the growth it got due to the technological advancements it had in recent times.
Which country is No 1 richest country?
If you are talking about the total GDP of the country, the US is still the richest country in the world with a $23.32 trillion GDP. Its one of the biggest nations and one of the most powerful ones which shows no slowing down in terms of growth, and continues to be a world leader in business also world politics.