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The global economy is a complex and dynamic system that is constantly changing. In order to get a better understanding of the world's top economies, it is important to take a look at the latest data and trends. In this article, we will explore the top 20 largest economies in the world by GDP nominal in 2019 and analyze the GDP per capita in the top 10 largest countries by GDP.
According to the World Bank, the top 20 largest economies in the world by GDP nominal in 2019 are as follows:
- United States - 21.439 trillion USD
- China - 14.140 trillion USD
- Japan - 5.153 trillion USD
- Germany - 4.170 trillion USD
- United Kingdom - 2.829 trillion USD
- India - 2.611 trillion USD
- France - 2.582 trillion USD
- Italy - 1.935 trillion USD
- Brazil - 1.857 trillion USD
- Russia - 1.639 trillion USD
- South Korea - 1.639 trillion USD
- Canada - 1.655 trillion USD
- Australia - 1.433 trillion USD
- Spain - 1.166 trillion USD
- Mexico - 1.145 trillion USD
- Indonesia - 1.007 trillion USD
- Netherlands - 876 billion USD
- Turkey - 787 billion USD
- Switzerland - 679 billion USD
- Saudi Arabia - 676 billion USD
When we take a closer look at the top 10 largest countries by GDP, we can see that the United States is by far the largest economy in the world, with a GDP of 21.439 trillion USD. China is the second largest, with a GDP of 14.140 trillion USD, followed by Japan with a GDP of 5.153 trillion USD.
When it comes to GDP per capita, the top 10 largest countries by GDP look as follows:
- United States - 65.5 thousand USD
- Japan - 41.2 thousand USD
- Germany - 48.2 thousand USD
- United Kingdom - 39.5 thousand USD
- France - 39.4 thousand USD
- Italy - 28.7 thousand USD
- Canada - 40.9 thousand USD
- Australia - 42.3 thousand USD
- South Korea - 31.1 thousand USD
- Russia - 11.1 thousand USD
It is interesting to note that four of the five BRICS countries (Brazil, Russia, India, China) are on the list of the top 10 largest countries by GDP. All four countries play a significant role in the global economy and are considered to be developing countries, with relatively low GDP per capita levels.
Russia currently has the lowest GDP per capita in the top 10, with a figure of 11.1 thousand USD. On the other hand, the United States has the highest GDP per capita in the top 10, with a figure of 65.5 thousand USD.
When it comes to the future of the global economy, it is difficult to make predictions. However, many experts believe that China has the potential to become the world's largest economy in the future. As the Chinese economy continues to grow, it is likely that we will see a significant increase in GDP per capita in the country as well.
In conclusion, the top 20 largest economies in the world by GDP nominal in 2019 paint a picture of a dynamic and constantly changing global economy. The United States is currently the largest economy in the world, followed by China and Japan. The top 10 largest countries by GDP per capita are a mix of developed and developing countries, with the United States having the highest