The world's largest economies announced! What is Turkey's ranking?

The International Monetary Fund (IMF) has listed the world's largest economies this year, as it does annually. One of the most notable developments on the list is Japan losing its third-place position to Germany. Looking at the big picture, it is possible to gain important insights into the current economic situation.

Turkey ranked 17th on the list with an annual gross domestic product (GDP) of 1.15 trillion dollars and a GDP per capita of 13,380 dollars. According to the IMF report, the Turkish economy is expected to show a growth of 3.1% this year.

Having had a volume slightly larger than 905 billion dollars in 2022, the Turkish economy has thus joined the ranks of countries that have surpassed the 1 trillion dollar threshold. With this achievement, the Turkish economy has continued its growth trend that has been ongoing since 2009.

The 20 countries with the world's largest economies (G20) are as follows:

USA - 27.974 trillion dollars

China - 18.566 trillion dollars

Germany - 4.730 trillion dollars

Japan - 4.291 trillion dollars

India - 4.112 trillion dollars

United Kingdom - 3.592 trillion dollars

France - 3.182 trillion dollars

Italy - 2.280 trillion dollars

Brazil - 2.272 trillion dollars

Canada - 2.242 trillion dollars

Mexico - 1.992 trillion dollars

Russia - 1.924 trillion dollars

South Korea - 1.784 trillion dollars

Australia - 1.696 trillion dollars

Spain - 1.685 trillion dollars

Indonesia - 1.541 trillion dollars

Turkey - 1.340 trillion dollars

Netherlands - 1.167 trillion dollars

Saudi Arabia - 1.112 trillion dollars

Switzerland - 977.95 billion dollars