What are the 5 largest economies in the world based on GDP?

What are the 5 largest economies in the world based on GDP?

United States. 2019 Nominal GDP in Current U.S. Dollars: $21.43 trillion3

  • China. 2019 Nominal GDP in Current U.S. Dollars: $14.34 trillion3
  • Japan. 2019 Nominal GDP in Current U.S. Dollars: $5.08 trillion3
  • Germany. 2019 Nominal GDP in Current U.S. Dollars: $3.86 trillion3
  • India.
  • United Kingdom.
  • France.
  • Italy.

    • What are the 12 largest economies in the world?

    1 United States 20,544.

  • 2 China 13,608.
  • 3 Japan 4,971.
  • 4 Germany 3,948.
  • 5 United Kingdom 2,855.
  • 6 France 2,778 a.
  • 7 India 2,719.
  • 8 Italy 2,084.

    • Which economic system has the highest GDP?

    The economy of the United States
    The economy of the United States is a highly developed free-market economy. It is the world’s largest economy by nominal GDP and net wealth and the second-largest by purchasing power parity (PPP)….Economy of the United States.

    Statistics
    GDP by sector Agriculture: 0.9% Industry: 18.9% Services: 80.2% (2017 est.)

    Which country has highest GDP 2020?

    1. United States. GDP – Nominal: $20.81 trillion.
    2. China. GDP – Nominal: $14.86 trillion.
    3. Japan. GDP – Nominal: $4.91 trillion.
    4. Germany. GDP – Nominal: $3.78 trillion.
    5. United Kingdom. GDP – Nominal: $2.64 trillion.
    6. India. GDP – Nominal: $2.59 trillion.
    7. France. GDP – Nominal: $2.55 trillion.
    8. Italy. GDP – Nominal: $1.85 trillion.

    What country is #1 in economy?

    United States
    Gross Domestic Product (GDP) is used to provide a snapshot of a country’s monetary market value of all final goods and services that the country has made during a specific period….The top 20 largest economies in the world by GDP.

    Rank Country GDP (Nominal) (billions of $)
    1 United States 20,807.27
    2 China 15,222.16
    3 Japan 4,910.58
    4 Germany 3,780.55

    Who is richer USA or China?

    China has surpassed the United States to become the world’s richest country, following a sharp rise in wealth over the past two decades. The worldwide net worth rose to $514 trillion in 2020, from $156 trillion in 2000, according to research conducted by McKinsey & Co.

    What is the current GDP of India?

    Nominal (current) Gross Domestic Product (GDP) of India is $2,650,725,335,364 (USD) as of 2017. Real GDP (constant, inflation adjusted) of India reached $2,660,371,703,953 in 2017. GDP Growth Rate in 2017 was 6.68%, representing a change of 177,938,082,996 US$ over 2016, when Real GDP was $2,482,433,620,957.