Japan and Germany are great powers too, though due to their large advanced economies (having the third and fourth largest economies respectively) rather than their strategic and hard power capabilities (i.e., the lack of permanent seats and veto power on the UN Security Council or strategic military reach). Germany has been a member together with the five permanent Security Council members in the P5+1 grouping of world powers. Like China, France, Russia and the United Kingdom; Germany and Japan have also been referred to as middle powers.

What countries are great powers mostly based on economic reasons?