2023: Japan Loses the Bronze — Without Germany Even Growing

Germany ($4.5T) overtook Japan ($4.2T) for No. 3 in 2023 even as the German economy shrank 0.3% — the yen's slide, not German strength, flipped the ranking.

Sources

• CNBC: Japan loses spot as world's third-largest economy to Germany
• France 24: Germany overtakes Japan as third-biggest economy

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