Israel, which has been engaged in a war against the Hamas group for more than a year now, is ranked tenth on the list.

Forbes said its list was created by keeping in mind several important parameters that include leadership, economic influence, political influence, strong international alliances, and military strength.

India, the world's most populated nation which is also the fifth largest economy, however, missed the top 10 spot.

It is positioned 12th on the list, just below the UAE.

However, India ranked above Australia and Canada.

Forbes said the ranking model was devised by BAV Group, which is a unit of global marketing communications company WPP, and researchers led by Professor David Reibstein from the Wharton School of the University of Pennsylvania, all in association with US News & World Report.

As per the Forbes ranking, India, with a population of 1.43 billion, is estimated to have a GDP of $3.55 trillion.

The USA, which recently witnessed a political shift with Donald Trump taking charge of the country, stood at the top position in the list with a GDP estimated at  USD 30.34.

China, with a GDP of $19.53 trillion, stood in the second position on the list.

Full list is given below:

USA
China
Russia
UK
Germany
South Korea
France
Japan
Saudi Arabia
Israel