The world’s economic framework is complicated as well as correlated. However, each country according to its potential assists the international economy lobby in terms of income generated and other economic affairs under diverse capacities. These parameters are the building blocks of the World Economy Ranking (WER) prepared by global financial institutions such as the International Monetary Fund (IMF) through its various reports. The IMF’s World Economic Outlook 2023 report shows projections that the world economy is at the level of achieving a GDP of US$ 105 trillion by the end of 2023.