World’s Top 10 Economies and GDP Ranking 2025: The global economy appears to have stabilised, showing steady and well above recession levels, yet underwhelming growth rates, amid escalating trade-war tensions fuelled by US-imposed tariffs and global uncertainty.
In the recently released IMF World Economic Outlook April 2025, the global growth forecast has been marked downwards by 0.5 percentage points to 2.8 per cent for 2025 and by 0.3 percentage points to 3 per cent for 2026 compared to this year’s January edition.
The report indicates that economic growth in the United States, the world’s largest economy, is projected to slow to 1.8 per cent, reflecting a decrease of 0.9 percentage points from the earlier year’s forecast, primarily driven by increased policy uncertainty, ongoing trade tensions, and weakening demand momentum.
The growth of the euro area, currently at 0.8 per cent, is expected to decelerate by 0.2 percentage points, whereas the emerging markets and developing economies are anticipated to experience a slowdown, with a projected growth rate of 3.7 per cent in 2025.
Looking ahead, the ongoing trade conflict has the potential to further weaken global economic growth prospects and negatively impact the international financial system, according to the IMF. (Source: World Economic Outlook, April 2025)
Top 10 largest economies in the world by GDP (Current Prices) in 2025
Gross Domestic Product (GDP) is a significant metric for determining the total value of a country’s economy, calculated based on the expenditure method, which entails aggregating expenditure on fresh consumer goods, new investments, government outlays, and the net worth of exports.
Below are the top ten largest economies in the world, according to the current GDP (current prices), as of April 2025.
