- As of early 2024, the ranking of the world's largest economies by nominal GDP is typically: 1st United States, 2nd China, 3rd Germany, 4th Japan, 5th India. - However, this question likely reflects a period before Germany overtook Japan, where Japan held the third position for many years. Such questions in exams often reflect commonly known facts from previous periods. - China is the second largest economy, India is currently 5th or 6th, and Malaysia is significantly smaller.