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Top 10 Largest Economies In the World By GDP (PPP): Did you know that India is already the world’s third largest economy in GDP (PPP) or purchasing power parity terms? PPP focuses on the purchasing power of the domestic currency within the economy for a basket of goods. Also, the United States of America does not top this ranking! In fact, America’s GDP (PPP) is just 1.9 times that of India’s as per the 2024 estimates! Also, India’s GDP (PPP) is more than 2 times that of Japan! So, where do China, US, Japan, Germany rank in the list of the top 10 largest economies in the world by GDP (PPP)? We take a look at the world’s top economies by GDP-PPP as per IMF’s World Economic Outlook data sourced from EY:
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