Top 10 World GDP Ranking 2025 List
GDP, or “Gross Domestic Product,” represents the total monetary value of all goods and services produced within a country over a specific year. A higher GDP signifies that the nation is economically robust and experiencing stable growth.
As of 2025, India is ranked as the 5th largest economy in the world, but it is expected to surpass Japan and claim the 4th spot among the top 10 largest economies, with a nominal GDP of $4.270 trillion. Additionally, the IMF predicts that by 2027, India will overtake Germany to become the 3rd largest economy globally.
Every country possesses its own distinct features and regional advantages that play a role in its overall economic development. To learn more about India’s economic contributions, continue reading.
Top 10 GDP Countries 2025:
The United States of America, with a GDP exceeding 30 trillion dollars, holds the title of the world’s largest economy. China, which continues to invest significantly in its economic expansion, is nearing the position of the largest economy. Following closely are other prominent countries such as Germany, Japan, and India. For the complete list of the top 10 GDP countries, see below:
| SI No | Country Name | Continent | GDP (USD) | GDP Per Capita (Current Prices) (USD) |
| 1 | United States | America | $30.51 trillion | $89.11 thousand |
| 2 | China | Asia | $19.23 trillion | $13.69 thousand |
| 3 | Germany | Europe | $4.74 trillion | $55.91 thousand |
| 4 | India | Asia | $4.19 trillion | $2.88 thousand |
| 5 | Japan | Asia | $4.19 trillion | $33.96 thousand |
| 6 | United Kingdom (U.K.) | Europe | $3.83 trillion | $54.95 thousand |
| 7 | France | Europe | $3.21 trillion | $46.39 thousand |
| 8 | Italy | Europe | $2.42 trillion | $41.09 thousand |
| 9 | Canada | America | $2.23 trillion | $53.56 thousand |
| 10 | Brazil | America | $2.13 trillion | $9.96 thousand |
*This data is as per the IMF Projections
India GDP 2025 Rank
According to IMF projections, India is set to become the fourth-largest economy globally by 2025, alongside Japan. Currently, the primary contributors to India’s economy include traditional and modern agriculture, technology services, the handicraft sector, and business outsourcing.
With an anticipated real GDP of Rs. 187.95 lakh crore for 2024-25, compared to Rs. 176.51 lakh crore in 2023-24, India, with a population exceeding 1 billion, ranks among the largest population-based economies worldwide. Furthermore, the IMF forecasts a GDP growth rate of 6.2% for India in both 2024-25 and 2025-26, indicating that the country’s economic growth will be the fastest among major economies in the next fiscal year. Consequently, increasing consumption and both domestic and foreign investments are expected to bolster the nation’s growth and potentially elevate India’s position in the World GDP Ranking.
India GDP Per Capita 2025 / India Per Capita Income 2025
While India ranks fifth in the World GDP Ranking for 2025, its per capita income remains relatively low. The projected per capita income for 2025 is $2,880 (approximately Rs. 2.4 lakh). Various factors contribute to India’s lower per capita income compared to the leading GDP nations.
Nevertheless, per capita income has seen an increase compared to previous years. In the financial year 2024, India’s per capita income was $2,500 (around Rs. 1.8 lakh), and in 2023 it was approximately Rs. 1.6 lakh. In contrast, in the financial year 2015, India’s per capita income stood at Rs. 86,647, marking an increase of nearly 188% over the past decade. The significant rise in population and the demand for jobs have greatly impacted the country’s GDP per capita.
India’s GDP Growth Rate – Last 10 Years
Calculating GDP involves determining the value of goods and services produced for market sale, as well as non-market production like government-funded education or defense services. GDP is crucial as it reflects the overall production of goods and services within an economy.
In this context, India’s economy is projected to grow in the coming years. With an 8.2% growth rate in FY24, India is poised to be one of the fastest-growing trillion-dollar economies globally by 2025. To monitor India’s GDP growth rate, here is a comprehensive list of the GDP growth rates from the past decade:
| Year | GDP Growth (%) | Annual Change |
| 2013 | 6.39% | 0.93% |
| 2014 | 7.41% | 1.02% |
| 2015 | 8.00% | 0.59% |
| 2016 | 8.26% | 0.26% |
| 2017 | 6.80% | -1.46% |
| 2018 | 6.45% | -0.34% |
| 2019 | 3.74% | -2.72% |
| 2020 | -6.60% | -10.33% |
| 2021 | 8.68% | 15.28% |
| 2022 | 7% | 1.68% |
| 2023 | 8.2% | 1.2% |
| 2024 | 8.2% | 0% |
From the above table it is evident that after recovering from a negative economic growth rate during the pandemic, the country now has a good GDP growth rate of 8.2%. Despite its lower GDP per capita, India continues to climb up the list. Different sectors, including agriculture, business and others, contribute the most to employment in every term, making it one of the largest growing economies.
Calculating GDP
The formula used to calculate GDP is:
Y = C + I + G + (X − M)
Here, C stands for consumption, which encompasses spending on services, non-durable goods, and durable goods.
I indicates investment, which includes expenditures on housing and equipment.
G refers to government spending, which covers employee salaries, the construction of infrastructure such as roads, railways, airports, schools, and military costs.
The term net exports, represented by (X-M), is the difference between total exports and imports.
In this equation, Y signifies the Gross Domestic Product.
Conclusion
Over the years, India’s economy has grown, securing the fifth position in the World GDP Ranking 2025. According to IMF projections, India may surpass Japan and claim the fourth largest economy in the world by 2026. Currently, various government initiatives have contributed to enhancing the quality of life for all citizens, thereby improving our standing in global rankings.
Source: Cleartax.in