Top 10 Largest Economies In The World 2029-30: India To Be Third Largest Economy Soon! Where Will The US, China, Japan & Germany Rank? Check List

Top 10 largest economies in the world 2029-30: Did you know that India will become the world’s third largest economy by the ending years of this decade? Did you know that even in 2029, America’s GDP would be over 5.5 times that of India? India is the world’s fastest growing major economy and is expected to become the 4th largest in the coming years, and the 3rd largest subsequently. So what will the world economic order look like five years from now, at the turn of this decade? Which will be the top 10 largest economies in the world in 2029? We take a look at the list as per the International Monetary Fund’s (IMF) latest World Economic Outlook edition for October 2024: (AI image)

Top 10 largest economies in the world: The United States of America or the USA will continue to dominate the world economy rankings in 2029 as well. The US, which is at present the world’s largest economy, will still be at the first rank in the list of the world’s top 10 largest economies in 2029, as per IMF’s projections. The nominal GDP of the US is expected to be around $35,458 billion, as per the latest IMF estimates. (AI image)

China will be the second largest economy in the world in 2029, according to the IMF. It currently also holds the second rank in the list of the top 10 largest economies in the world list. According to the latest IMF estimates, China’s nominal GDP in 2029 will be $24,590 billion. At present (2024), it is projected at $18,273 billion. (AI image)

Top 10 largest economies in the world: In 2029-30 (FY30), India would have moved up the ranks to become the world’s third largest economy, according to the IMF estimates. In fact India would have achieved the third rank in the list of the top 10 largest economies in the world by 2028 itself, as per the latest IMF data. In 2029, India’s nominal GDP is expected to be around $6,307 billion. India’s GDP for 2024 (FY25) is projected at $3,889 billion, and the Indian economy is at present the world’s fifth largest. (AI image)

Germany, which presently ranks third in the top 10 largest economies in the world list, would have moved down to the fourth spot by 2029, according to the IMF. The latest World Economic Outlook projections for October 2024 suggest that Germany’s GDP will be around $5,566 billion in 2029. (AI image)

Japan will be the fifth largest economy in the world by 2029, having been overtaken by India a few years ago. According to IMF estimates, Japan will have a projected nominal GDP of $5,075 billion in 2029. Japan is at present the 4th largest economy in the world. (AI image)

The United Kingdom will hold the 6th spot in the top 10 largest economies in the world 2029, according to the IMF. The UK is at present also the 6th largest economy in the world. As per the latest IMF estimates, the UK's nominal GDP will be around $4,372 billion in 2029. (AI image)

France, which is currently the world’s 7th largest economy, will continue to hold that spot in the top 10 largest economies list in 2029 as well. IMF data suggests that France’s nominal GDP in 2029 will rise to $3,726 billion from an estimated $3,174 billion in 2024.

Brazil, the 9th largest economy in the world in 2024, would rise up the ranks to claim the 8th spot in the coming years. As per IMF estimates, Brazil will rank 8th in the list of the top 10 largest economies in 2029, having overtaken Italy. Brazil’s nominal GDP for 2029 is expected to be around $2,855 billion. (AI image)

Canada will rank 9th on the list of the top 10 largest economies in the world in 2029. Having overtaken Italy a year before that to move up from 10th to 9th rank, Canada’s nominal GDP for 2029 is expected to be around $2,794 billion, as per the latest IMF estimates. (AI image)

Italy is at present the world’s 8th largest economy, as per IMF’s 2024 projections. However, by 2029 Italy would have moved down the ranks to occupy the 10th spot in the top 10 largest economies in the world list. According to the IMF, Italy’s nominal GDP in 2029 would be around $2,736 billion.

Russia will continue to rank 11th on the list of the largest economies in the world in 2029, according to the IMF. As per the latest WEO October 2024 estimates by IMF, Russia’s nominal GDP in 2029 is expected to be around $2,413 billion. (AI image)