Kathmandu. Today is the last day of English year 2022. Many new records were set this year. For example: the population of the earth has reached 8 billion and the global economy has exceeded 100 trillion dollars. According to the International Monetary Fund (IMF), Nepal's GDP is 39.03 billion dollars.

In this way, while making a significant contribution to bring the world's economy above one hundred billion dollars, America is still number one with an economy of 25 thousand 35 billion dollars. According to the data published by the International Monetary Fund, China is in second place. whose economy size is 18 thousand 321 billion dollars. Similarly, Japan ranks third with $4,300 billion.

Since the gross domestic product (GDP) of all the countries of the world is reduced as an indicator of the economic activity within those countries, such a list has been prepared based on that. It measures the total value of economic output which includes both goods and services. Similarly, it accounts for the value produced by both the private and public sectors within a given time frame.

The United States, China, Japan, Germany, and India account for more than half of the global economy. These countries are the five largest economies in the world. The economies of the top 10 countries add up to 66 percent of the global economy. The top 25 countries account for 84 percent of global GDP.

The size of Germany's economy is 4 thousand 31 billion dollars. India has reached 3 thousand 468 billion dollars. Interestingly, India has overtaken the UK as one of the top five economies.

Currently, Britain is in the sixth place in the economy of the world, which is 101.6 billion dollars. whose economy size is 3 thousand 198 billion dollars. Seventh, eighth, ninth and tenth are France, Canada, Russia and Italy with economies worth 2,778, 2,200, 2,133 and 1,997 billion dollars respectively.

The rest of the world's 25 largest countries account for only 16 percent of global GDP. Most of the smaller economies are located in Oceania.

Estimates of the world economy in 2023

In the year 2023, there is a lot of economic uncertainty. Although many experts are predicting a short-term recession, there is much disagreement on this view. A large number of analysts are laying the foundations for a prolonged recession.

Meanwhile, some experts believe that China will reverse its economic slowdown. If this prediction comes true, China could own an even bigger share of the global 'GDP pie' chart in the near future. (This content is based on IMF data)

Here are the 10 smallest economies in the world:

Country Name GDP (in billions of dollars)

Tuvalu 0.06

Nauru 0.13

Kiribati 0.21

Palau 0.23

Marshall Islands 0. 27

Micronesia 0.43

Tonga 0.50

Sao Tome and Principe 0.51

Dominica 0.60

Samoa 0.83