thanks for visiting cnnmoney.

We're no longer maintaining this page.

For the latest business news and markets data, please visit CNN Business

World's best economies

By at least one measure, these economies rank best in the world, according to the International Monetary Fund's estimates.

United States: Largest economy

worlds best economies america
Shoppers walk past an American Apparel clothing store in West Hollywood.
  • Measure: Gross domestic product
  • 2012 reading: $15.6 trillion

Gross domestic product in the United States is projected to hit $15.6 trillion in 2012, making its economy the largest on earth.

The quickly expanding Chinese economy is the world's second largest, having recently surpassed Japan. China has a projected GDP of $7.9 trillion in 2012 -- just more than half that of the United States. But even with annual growth rates of 7% to 10%, it will be decades before China's production approaches that of the United States.

Related: World's largest economies

Of course, the U.S. economy faces notable challenges. The country has been slow to recover from the 2008 global financial crisis, the labor market remains weak and the U.S. housing sector will take years to recover from its recent bubble.

  @CRrileyCNN - Last updated August 13 2012 08:34 AM ET

Partner Offers

Mortgage & Savings

Terms & Conditions apply

NMLS #1136

Most Popular