Germany has been pushed to the 4th position after being ranked third for many years. Its GDP stands at $3.29 trillion.
Falling exports saw the German economy's GDP fall by half a percent in July, August and September, which was the second straight quarter of decline.
The European economy saw its first recession in 15 years. Europe is facing the worst financial crisis since the great depression.
The GDP in the 15 euro nations contracted by 0.2 per cent during August, September and October 2008.
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