The American magazine “CEOWORLD” provided details regarding Monday that Iraq positioned fifth in the Middle Easterner world and 52nd universally as the biggest economy on the planet in 2024.
The American magazine reports that the United States has maintained its position as the largest economy in the world with an impressive GDP of $28.78 trillion despite growing concerns about rising prices.
China follows with an enormous Gross domestic product of $18.54 trillion, while Germany, in the interim, has established its situation as Europe’s financial chief with a Gross domestic product of $4.59 trillion, expanding on its assembling mastery and solid commodities while conquering extra difficulties from energy supply issues connected with the contention among Russia and Ukraine.
According to the publication, India, one of the fastest-growing economies, is ranked fifth with a GDP of $3.94 trillion, while Japan is ranked fourth with a GDP of $4.11 trillion.
While Iraq positioned 52nd universally as far as development with a Gross domestic product of $265.894 million for the ongoing year, the Gross domestic product for 2025 was assessed at $278.811 million, in 2026 at $292.147 million, in 2027 at $307.465 million, in 2028 at $325.197 million, lastly in 2029 at $345.074 million.
According to the publication, Iraq is fifth in the Arab world, following Saudi Arabia, the UAE, Egypt, and Algeria.
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