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IMF Releases Top 10 Largest Economies in 2026

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….US Maintains Lead as India Climbs Higher.

The International Monetary Fund’s latest projections show the United States solidifying its position as the world’s largest economy in 2026, with nominal GDP expected to reach approximately $32.38 trillion, while emerging powers like India continue their rapid ascent.

According to IMF data compiled for 2026, global GDP is forecast to total around $126 trillion, reflecting steady but uneven growth amid geopolitical tensions, technological advancements, and varying regional performances.

Here is the full list of the Top 10 largest economies by nominal GDP for 2026:

  1. United States — $32.38 trillion
    The U.S. economy remains the global powerhouse, driven by innovation in technology, strong consumer spending, and resilient financial markets. Projected growth stands at about 2.32%.
  2. China — $20.85 trillion
    China holds a firm second place, supported by its manufacturing dominance and domestic consumption, with expected growth of around 4.41%.
  3. Germany — $5.45 trillion
    Europe’s largest economy continues as an industrial leader despite modest projected growth of 0.79%.
  4. Japan — $4.38 trillion
    Japan maintains its spot with stable but low growth of approximately 0.72%.
  5. United Kingdom — $4.26 trillion
    The UK edges into fifth place with projected growth near 0.80%.
  6. India — $4.15 trillion
    India stands out with one of the fastest growth rates among major economies at 6.48%, continuing its climb in global rankings.
  7. France — $3.60 trillion
    France remains a key European player with projected growth of about 0.86%.
  8. Italy — $2.74 trillion
    Italy rounds out the top eight with slower growth around 0.52%.
  9. Russia — ~$2.66 trillion (projected)
  10. Canada/Brazil — Contenders for the remaining spots, with figures hovering near $2.2–2.5 trillion depending on final revisions.

Economists note that while advanced economies dominate the top ranks by nominal GDP, emerging markets like India are closing the gap in real terms and purchasing power parity (PPP) measures, where China already leads. India is widely expected to overtake Japan and others in the coming years.

These rankings are based on IMF World Economic Outlook projections and can shift with new data releases, currency fluctuations, and global events. Analysts highlight that sustained growth in Asia, particularly from India, signals a gradual rebalancing of global economic power.

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NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.

The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.

During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.

Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.

“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.

He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.

Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.

“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.

Watch video below:

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Sanusi: Critics Are Not Enemies Of The Govt

” It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

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The Emir of Kano, Alhaji Muhammadu Sanusi II, has advised the Federal Government against treating every comment about the administration as an attack on President Bola Tinubu.

The royal father gave the advise on the occasion of the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tan.

Speaking virtually to the audience at the event, on Tuesday, Sanusi advised the government to tolerate constructive criticism.

“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

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Urbanisation: Lagos To Fall Behind Luanda as sub-Saharan Africa’s biggest city by 2050

The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.

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A report conducted by the World Bank and the European Commission’s Joint Research Centre, has projected that Angola’s capital, Luanda,will overtake Lagos as sub-Saharan Africa’s most populous city by 2050, rising by 78 percent from 11.4 million to 20.3 million.

The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.

The report estimated that Luanda’s population would increase from 11.4 million in 2025 to 20.3 million in 2050, adding 8.9 million residents over the period.

Lagos, the region’s most populous city in 2025 with an estimated 12.8 million residents, is projected to grow to 16.2 million by 2050, an increase of more than 25 percent.

Despite the growth, Lagos is expected to fall behind Luanda, whose population is projected to exceed that of Nigeria’s commercial hub by 4.1 million.

“Over this period, the population of Angola’s capital city, Luanda, is projected to increase by 78 percent from 11.4 million to 20.3 million.

In doing so, Luanda will overtake Lagos as SSA’s most populous city,” the report said.

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