Top Economies In The World
Besides the economic superpowers in the world holding their positions a more in depth analysis shows that the countries significantly influence the world s economy world s gdp.
Top economies in the world. We are currently witnessing the changing of the economic guard with emerging market economies particularly in asia making huge development strides and the hegemony of the west looking ever shakier. If we look even closer the top five countries in terms. The 173 countries outside the top 20 make up less than a fourth of the total global economy. With the help of our panelists we examine how this phenomenon will play out in the coming years.
B ased on 2019 figures about 78 of the global gdp of 86 31 trillion is attributable to the sixteen economies in the trillion dollar club. In 2018 the growth rate for the world gdp was 3 6. When you account for the nation s domestic market based on the relative cost of local goods china has the largest gdp in the world. In 2018 the nominal world gdp was 84 835 46 billion in 2018 and it s projected to be 88 081 13 billion in 2019.
The nominal gdp of the top 10 economies adds up to about 66 of the world s economy while the top 20 economies contribute almost 79. The world s top 5 largest economies in 2023. As per world bank estimates the nominal world gdp in 2017 was 80 683 79 billion. The remaining 173 countries together constitute less than one.
The world economy consists of 193 economies with the united states being the largest.