The method for determining the most powerful countries in the world is complicated than it initially seems. Power can take many different forms, including influence in politics, the military, the economy, and culture. The world’s most powerful countries set foreign policies that have an international impact, maintain a potent military, and drive global economic trends. In this blog, We will explore Top 20 Most Powerful Countries in the World by 2024.
In its yearly Best Countries rankings, U.S. News and World Report, in collaboration with BAV Group and the Wharton School of the University of Pennsylvania, lists the most powerful nations in the world. In the 2021 report, more than 20,000 respondents were asked to rank 80 countries according to five criteria: leadership, political clout, economic clout, military partnerships, and international alliances.
Top 20 Most Powerful Countries in the World (2023 US News)
| Rank | Country | GDP 2023 USD( Trillions) | GDP Per Capita USD |
|---|---|---|---|
| 1 | United States | $26.9 | $76.4K |
| 2 | China | $17.7 | $21.5K |
| 3 | Russia | $2.2 | $36.5K |
| 4 | Germany | $4.4 | $63.1K |
| 5 | United Kingdom | $3.3 | $54.6K |
| 6 | South Korea | $1.7 | $50.1K |
| 7 | France | $3.0 | $55.5K |
| 8 | Japan | $4.23 | $45.6K |
| 9 | Saudi Arabia | $1.11 | $59.1K |
| 10 | United Arab Emirates | $0.509 | $87.7K |
| 11 | Israel | $0.521 | $49.5K |
| 12 | India | $3.7 | $8.4K |
| 13 | Canada | $2.13 | $58.4K |
| 14 | Ukraine | $0.161 | $12.7K |
| 15 | Turkey | $1.16 | $37.3K |
| 16 | Italy | $2.18 | $51.9K |
| 17 | Australia | $1.68 | $62.6K |
| 18 | Iran | $0.389 | $18.1K |
| 19 | Brazil | $2.12 | $17.8K |
| 20 | Spain | $1.58 | $45.8K |
The United States is the most powerful nation in the world, per the 2023 study. With a GDP of $26.9 trillion in 2023 and the greatest military expenditure in the world ($840 Billion) in 2023, the United States has the largest economy in the world. The United States spends more on defense than the 10 nations with the highest combined defense budgets, which are China, India, Russia, the United Kingdom, Saudi Arabia, Germany, France, Japan, South Korea, and Italy.
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The second and third most powerful nations are China and Russia, which are renowned for their large geographic areas and military expenditures. In 2024, China’s economy will grow to a GDP of $18 trillion. Germany, the UK, Japan, and France are the next countries on the list.