5 Biggest Economies in the World in 2022

2. China

2021 GDP: $17.73 trillion

In terms of nominal GDP, China is the second largest economy in the world with a 2021 GDP of $17.73 trillion. In terms of purchasing power parity, however, China ranks #1 with a GDP, PPP of $27.31 trillion. Although China is facing economic headwinds like many other nations, the country has substantial growth potential in the future given its GDP per capita is lower than that of the West.