NewsBusinessTop 10 most powerful countries in the world in

Top 10 most powerful countries in the world in 2024

Curious about the top 10 powerful countries in the world in 2024? This analysis provides a detailed examination of their global standing and influence

Top 10 most powerful countries in the world: Power in the global arena is multifaceted, encompassing political influence, economic resources, and military might. Each country’s power indicates its prowess in multiple aspects, including economic and political influence, strength in international alliances, and impactful military power. The rankings of the top 10 powerful countries in the world in 2024 are compiled by US News with the following methodology.

Methodology for ranking powerful countries in the world 2024

The power sub-ranking from US News is based upon an ‘equally weighted average of scores’ from five particular attributes that denote a country’s power, which are:

  1. A leader,
  2. Economical influence,
  3. Political influence,
  4. Strong international alliances, and
  5. A strong military.

Further, The ranking model was devised by BAV Group, which is a unit of global marketing communications company WPP, and researchers led by Professor David Reibstein from the Wharton School of the University of Pennsylvania, all in association with US News & World Report.

Top 10 powerful countries in the world 2024

Power Rank & Country GDP (as of October 2024)
Population*
#1 United States $26.95 trillion 339.9 million
#2 China $17.70 trillion 1.42 billion
#3 Russia $1.86 trillion 144 million
#4 Germany $4.43 trillion 83.3 million
#5 United Kingdom $3.33 trillion 67.7 million
#6 South Korea $1.71 trillion 51.7 million
#7 France $3.05 trillion 64.7 million
#8 Japan $4.23 trillion 123.2 million
#9 Saudi Arabia $1.07 trillion 36.9 million
#10 UAE $509.18 billion 9.51 million

* Population data (as of  January 16, 2024) sourced from worldometers

*GDP data sourced from IMF

Now, for a deeper insight into the top 10 powerful countries in the world as of January 2024:

United States:

  1. CAPITAL: Washington, DC
  2. GDP PER CAPITA, PPP: $80,030
  3. AREA: 9,833,517 SQ.KM

The United States, a global powerhouse, continues to lead in various sectors such as technology, finance, and entertainment. The Biden administration is focusing on infrastructure development and climate change initiatives, and the US is also home to several leading tech companies, contributing to its strong position in the global economy.

China:

  1. CAPITAL: Beijing
  2. GDP PER CAPITA, PPP: $13,720
  3. AREA: 9,596,960 SQ.KM

China ranks second among the top 10 powerful countries in the world in 2024. China’s Belt and Road Initiative is growing in scope, with more and more countries joining in on the project. This initiative aims to boost economic development and trade by connecting Asia with Africa and Europe via land and maritime networks. China is also making significant technological strides, particularly in artificial intelligence and 5G, positioning itself as a global tech leader.

Russia:

  1. CAPITAL: Moscow
  2. GDP PER CAPITA, PPP: $14,400
  3. AREA: 17,098,242 SQ.KM

Russia plays a significant role in global geopolitics, leveraging its vast natural resources and military capabilities. The country also focuses on its space program, with plans to launch several missions in the coming years, namely the Venera-D Venus lander. These missions aim to explore the moon and other celestial bodies, contributing to our understanding of the universe.

Germany:

  1. CAPITAL: Berlin
  2. GDP PER CAPITA, PPP: $51,380
  3. AREA: 357,022 SQ.KM

Germany is leading the way in the European Union’s green energy initiatives. The country focuses on transitioning to renewable energy sources and reducing carbon emissions. Germany also focuses on digital transformation in various sectors, including manufacturing and healthcare, aiming to improve efficiency and productivity.

United Kingdom:

  1. CAPITAL: London
  2. GDP PER CAPITA, PPP: $49,675
  3. AREA: 243,610 SQ.KM

The UK focuses on post-Brexit trade deals and negotiations, aiming to establish new economic partnerships. The country is also making strides in the tech industry, with London being a central hub for startups. These startups work on innovative solutions in various fields, contributing to the UK’s economic growth.

South Korea:

  1. CAPITAL: Seoul
  2. GDP PER CAPITA, PPP: $46,370
  3. AREA: 99,720 SQ.KM

South Korea continues to be a global leader in technology and innovation. The country is home to several leading tech companies, contributing to its strong position in the global economy. In addition to reducing carbon emissions, South Korea is also adopting renewable energy sources to promote green energy initiatives.

France:

  1. CAPITAL: Paris
  2. GDP PER CAPITA, PPP: $44,410
  3. AREA: 643,801 SQ.KM

France is focusing on its digital transformation and green energy initiatives. The country is working on modernising its industries and transitioning to renewable energy sources. France also plays a significant role in the European Union’s policies and regulations, contributing to the bloc’s economic and political stability.

Japan:

  1. CAPITAL: Tokyo
  2. GDP PER CAPITA, PPP: $42,940
  3. AREA: 377,915 SQ.KM

Japan is preparing for the 2024 Rugby World Cup, which is expected to boost the country’s economy. The government is also focusing on its technology and robotics industries, aiming to maintain its position as a global tech leader. Japan’s robotics industry mainly, is known for its innovative solutions and advanced technologies.

Saudi Arabia

CAPITAL: Riyadh

GDP PER CAPITA: $32,590

AREA: 2,149,690 SQ.KM

Petroleum production remains Saudi Arabia’s most significant source of wealth and power, as the country exports over $300 billion worth of oil annually. It has 17 percent of the world’s proven crude oil reserves, about 267,192 million barrels. Being the closest ally of the United States among the Arab countries, Saudi Arabia exerts significant influence over the OPEC countries in the region. Saudi Arabia is significantly investing in tourism and mammoth projects such as NEOM city to attract tourists and investors. It is also set to host the FIFA World Cup 2034.

United Arab Emirates:

  1. CAPITAL: Abu Dhabi
  2. GDP PER CAPITA, PPP: $66,766
  3. AREA: 83,600 SQ.KM

The UAE is focusing on its space program, with plans to send a mission to the moon. This mission aims to explore the lunar surface and contribute to our understanding of the moon. The UAE is also a significant player in the global oil industry, contributing to its strong position in the global economy.

Israel:

  1. CAPITAL: Jerusalem
  2. GDP PER CAPITA, PPP: $35,390
  3. AREA: 21,937 SQ.KM

Israel remains a frontrunner in technology and innovation on a global scale. The country is home to several leading tech companies working on innovative solutions in various fields. Israel is also focusing on its defence and security policies, aiming to ensure the safety and security of its citizens.

FAQs

1. Where does India rank among the most powerful countries in 2023?

As of 2023, India ranks 14th in the list of most powerful countries. This ranking is based on various factors, including economic conditions, strong international alliances, and military strength. India ranks at 5 in world GDP rankings after USA, China, Japan and Germany.

2. How does a country’s leadership influence its power ranking?

A country’s leadership significantly influences its power ranking. Effective leadership can drive economic growth, foster strong international relations, and enhance military capabilities. Leaders who command respect on the global stage can elevate their country’s standing and power.

3. How does the size of a country’s population impact its power ranking?

The size of a country’s population can impact its power ranking. A larger population can mean a bigger workforce, driving economic growth. However, not just size but also the human capital, education, and skills of the population contribute to a country’s power.

4. Which country has seen the most significant rise in the power ranking in 2024?

The United Arab Emirates has seen a significant rise in the power ranking in 2024, making it to the list of the top 10 powerful countries in the world in 2024. It is recognised for its strong economy, strategic location, and influential role in the Middle East.



FOLLOW US ON GOOGLE NEWS  

Share This Article