Forbes Ranked World's Top 10 Most Powerful Countries In 2024, Is India On The List?
Ever wondered which countries hold the most sway on the world stage? Well, wonder no more! In this article, we're diving into the latest rankings by Forbes to unveil the top 10 most powerful nations of 2024. These countries aren't just big players; they're the movers and shakers shaping our global landscape. From economic powerhouses driving global markets to military giants ensuring security, these nations are setting the pace for the rest of the world. Join us as we take a closer look at what makes these countries stand out and how they're influencing the world around us.
According to Forbes, the rankings of the top 10 powerful countries in 2024 were determined by US News using a specific methodology. This methodology considers five key attributes that signify a country's power: leadership, economic influence, political influence, strong international alliances, and a robust military. These attributes are given equal weight in the ranking process.
The ranking model was developed by the BAV Group, a unit of the global marketing communications company WPP, along with researchers led by Professor David Reibstein from the Wharton School of the University of Pennsylvania. This collaborative effort was conducted in partnership with US News & World Report.
Here's the power ranking of the top 10 countries in 2024 along with their GDP (Gross Domestic Product) and GDP per capita (PPP - Purchasing Power Parity):
#1. United States:
With a GDP of $28.78 trillion, the United States ranks first in economic power. It has a population of 339.9 million people and a high GDP per capita (PPP) of $85,373, indicating a strong economy and high standard of living for its citizens.
#2. China:
China has the second-largest GDP at $18.53 trillion, making it a major economic powerhouse. Despite its immense population of 1.42 billion, its GDP per capita (PPP) is lower at $21,476, reflecting the challenges of distributing wealth across a vast population.
#3. Russia:
Russia's GDP stands at $2.06 trillion, with a population of 144 million. Its GDP per capita (PPP) is $36,485, demonstrating moderate economic strength and a relatively higher standard of living compared to some other countries.
#4. Germany:
With a GDP of $4.59 trillion, Germany is a key player in the global economy. Despite its smaller population of 83.2 million, it boasts a high GDP per capita (PPP) of $63,150, indicating a prosperous economy and quality of life for its citizens.
#5. United Kingdom:
The UK has a GDP of $3.5 trillion and a population of 67.7 million. Its GDP per capita (PPP) is $54,603, reflecting a strong economy and a relatively high standard of living.
#6. South Korea:
South Korea's GDP is $1.76 trillion, with a population of 51.7 million. Its GDP per capita (PPP) is $50,070, demonstrating significant economic strength and a high standard of living.
#7. France:
France's GDP is $3.13 trillion, with a population of 64.7 million. Its GDP per capita (PPP) is $55,493, indicating a robust economy and a relatively high standard of living for its citizens.
#8. Japan:
Japan has a GDP of $4.11 trillion and a population of 123.2 million. Its GDP per capita (PPP) is $45,573, reflecting a strong economy but a slightly lower standard of living compared to some other countries.
#9. Saudi Arabia:
With a GDP of $1.11 trillion and a population of 36.9 million, Saudi Arabia's GDP per capita (PPP) is relatively high at $59,065, reflecting its significant wealth from oil reserves.
#10. UAE (United Arab Emirates):
The UAE has a GDP of $527.8 billion and a smaller population of 9.51 million. However, its GDP per capita (PPP) is notably high at $87,729, indicating considerable wealth and a luxurious standard of living for its citizens.
What Is India's rank?
As of March 2024, India ranks 12th among the most powerful countries. This ranking is determined by factors such as economic conditions, strong international alliances, and military strength. In terms of GDP, India holds the 4th position globally, following behind the US, China, and Germany.
Also Read:?Why China & Saudi Arabia Have Signed A $6.9 Billion Currency Swap Deal
Note: Population data, as of May 2, 2024, is obtained from Worldometer, providing the most recent and accurate estimates of global population figures.?GDP data is sourced from the International Monetary Fund (IMF), ensuring reliable and up-to-date information on the economic output of each country.
