10 Largest Economies in the World in 2023

1. United States

GDP: $25.4 trillion

The United States of America sits at the top when it comes to the largest economies in the world in the year 2023. It had a GDP of over $25 trillion in 2022 – accounting for nearly 24% of the global output. It is home to some of the largest companies in the world, such as Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Lockheed Martin Corporation (NYSE:LMT). Some U.S. states have a higher GDP than many of the biggest countries in the world. California for example, with its GDP of $3.5 trillion, is close to India and Germany’s figures. Another key strength of the United States is its currency. The U.S. Dollar is the world’s dominant reserve currency. 59% of all foreign exchange reserves in central banks across the world are maintained in the greenback. It accounts for nearly 85% of all forex trade with a daily volume of $6.6 trillion. This is discussed in detail in our article, the 5 Most Powerful Currencies in the World.

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