Top 10 world economy ranking - 2008
The United States and Japan have been the first and second largest economies in the world since the early 1970s. Although the two best economies in the world have not changed, there has been some movement in the ranks below one and two in recent years.
Biggest changes in 2008
According to the most recent data from the World Bank, one of the biggest changes in 2008 is the leap of Russia to the list of the top 10 biggest economies. Russia moved to eighth biggest from the bubble position of 11th in 2007. Russia's entry displaces Canada, which has been in the top 10 list from 1960, the year till which World Bank data is available.
Prior to Russia, Brazil entered the top 10 in 2005, displacing Mexico from the list.
Another change in 2008 is France reclaiming the position as the 5th largest economy in the world. France passed the United Kingdom to be 5th largest, a position it held prior to 2005. In 2007, France was sixth.
Top 10 biggest world economies
Gross Domestic Product (GDP) in $ trillion
- United States (14.16)
- Japan (4.91)
- China (4.33)
- Germany (3.65)
- France (2.86)
- United Kingdom (2.68)
- Italy (2.3)
- Russia (1.68)
- Spain (1.6)
- Brazil (1.58)