The Covid-19 pandemic has shaken up the ranking of the world’s largest economies after sending many countries into their worst economic recessions in recent history.

The United States, China, Japan and Germany still take the top four spots as the world’s largest economies — but some rankings have shifted as a result of the pandemic while one country fell off the top 10 list, according to CNBC analysis of the International Monetary Fund’s economic forecasts.

CNBC compared nominal gross domestic product in U.S. dollars across countries provided in the IMF’s World Economic Outlook database.

Nominal GDP estimates the market value of all finished goods and services produced in an economy but doesn’t strip out changes in price levels, or inflation — and can therefore overstate or understate the real economic value.

Still, nominal GDP values denominated in a common currency are a way of measuring and comparing economic…

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