5 Biggest Economies in the World in 2022

In this article, we discuss 5 of the biggest economies in the world in 2022. If you want to see more of the biggest economies in the world in 2022, go directly to 22 Biggest Economies in the World in 2022.

5. United Kingdom

2021 GDP: $3.19 trillion

While it isn’t in the EU anymore after the Brexit, the United Kingdom has the second largest European economy, after Germany, with a 2021 GDP of $3.19 trillion. In terms of GDP growth, the IMF projects that United Kingdom’s GDP will increase 3.6% in 2022 and 0.3% for 2023.

4. Germany

2021 GDP: $4.22 trillion

Germany is one of the most innovative countries in the world with many leading engineering and technology companies headquartered in the nation. Given its technological ability and its location near the center of Europe, Germany’s economy is one of the largest in the world with a 2021 GDP of $4.22 trillion.

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.

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.

1. United States

2021 GDP: $23 trillion

With a 2021 GDP of $23 trillion, the most innovative economy in the world, and the world’s leading reserve currency, the United States ranks #1 on our list of 22 Biggest Economies in the World in 2022. Although growth could slow next year given the Federal Reserve interest rate hikes, the United States has substantial long term economic growth potential given its demographics, immigration, and strong institutions. In terms of estimates, the U.S. BLS believes the U.S. economy could grow an average of 2.3% a year from 2020 to 2030.

You can also take a look at 15 Biggest Dow Companies By Market Cap and 12 Best Ethical Stocks To Buy Now.

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