5 Biggest Economies in the World in 2022

3. Japan

2021 GDP: $4.94 trillion

Japan has the third largest economy in the world with a GDP of $4.94 trillion. Given its relatively high GDP per capita of $39,285.16 in 2021, Japan is one of the richest and most developed countries in all of Asia. Although deflation has been a problem for more than a decade, Japan’s economy has growth potential if it continues to innovate successfully.