India, Britain to Pass Japan in GDP Rankings in 2027, IMF Says
WASHINGTON / BANGKOK — Japan’s nominal gross domestic product will be overtaken by India’s and Britain’s in 2027, thereby slipping to sixth place, according to projections by the International Monetary Fund.
By 2027, India and Britain are projected to surpass Japan in terms of nominal gross domestic product (GDP), according to the International Monetary Fund (IMF). The IMF's April report indicated that Britain's GDP would overtake Japan's in 2029, but new estimates suggest Britain may rise to the fifth spot two years earlier. Japan's nominal GDP stands at $4.3419 trillion for 2026 and is expected to increase to $4.4676 trillion by 2027.
Currently, India ranks sixth with a nominal GDP of $4.0602 trillion, behind Japan and Britain. However, India's GDP is forecasted to reach $4.5211 trillion in 2027, placing it fourth behind the United States, China, and Germany. Britain's nominal GDP is set to surpass Japan's, rising from $4.2684 trillion in 2026 to $4.4889 trillion in 2027.
Higher economic growth rates in both India and Britain compared to Japan are expected to contribute to these shifts. The yen's continued depreciation against the U.S. dollar on foreign exchange markets is also anticipated to impact Japan's nominal GDP. The IMF projects global economic growth of 3.1% for 2026, up from its previous July forecast by 0.1 percentage point.
The IMF attributes Japan's revised economic growth forecast of 0.7% for 2026 to increased demand related to artificial intelligence offsetting the impact of rising energy prices.
Written by urgent.news from The Japan News by The Yomiuri Shimbun's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
