50 Biggest Countries on Earth by Area

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In this article, we will be taking a look at the 50 biggest countries on Earth by area. If you want to skip our detailed analysis, you can go directly to the 10 Biggest Countries on Earth by Area.

Some of the Largest Economies by Area

According to a report by the International Monetary Fund, the 3 largest economies for 2024 are expected to be the United States, China, and Germany. The U.S. Commerce Department Bureau of Economic Analysis reported that the gross domestic product (GDP) in the United States increased by 3.3% in the fourth quarter of 2023, and the number of jobs also saw an increase of  2.7 million. Reports suggest that consumer spending in the US has been consistently increasing, with high retail sales. A 4.2% increase in citizens' disposable income suggests that US citizens have the flexibility to spend and invest. Moreover, a 4.5% increase in personal savings rate is also a positive indicator that the economy of the US is stable, with citizens leading comfortable lives.

On January 26, Reuters reported that China's gross domestic product (GDP) increased by 5.2% in 2023, compared to the previous year. In 2023, China faced weak investor confidence and smaller businesses in China suffered without adequate investments. However, estimates suggest that the country's GDP is set to increase by 5% in 2024.

Canada is one of the biggest economies of the biggest countries on Earth by area. The country's economy is heavily dependent on international trade as it accounts for one-third of the country's GDP. According to data provided by World Economics, Canada's GDP for 2023 was approximately $1.928 trillion. The services industry, real estate industry, and mining are key industries in the country and have helped sustain Canada's economy.

Business in the Biggest Countries on Earth

Microsoft Corporation (NASDAQ:MSFT), Alibaba Group Holding Ltd (NYSE:BABA), and Royal Bank of Canada (NYSE:RY) are some of the biggest companies in the top 3 biggest countries on Earth by area. Let's discuss some recent updates from these companies. You can also take a look at the 24 biggest industries in the world in 2024.

Microsoft Corporation (NASDAQ:MSFT) is a leader in software development, services, solutions, and devices. The company's latest achievement in diversifying its portfolio is the transformation of the healthcare industry in the US through AI technology. On March 11, Microsoft Corporation (NASDAQ:MSFT) announced its latest AI collaboration with leading healthcare providers in the US, Trustworthy & Responsible AI Network (TRAIN). Some of the prominent members of the network are Johns Hopkins Medicine, Vanderbilt University Medical Center, and Duke Health. The collaboration also includes OCHIN, a national network of health organizations, and TruBridge, a partner in community healthcare. The TRAIN AI will help members share best practices, increase the efficiency and productivity of the healthcare industry, and enable better care outcomes for all users.