Top 5 Economies in the World
In many countries in the world, their GDP is up and down last 2 years because of covid-19 due to the economic cycle. As a result, many countries economy is at their lowest.
Top economies are measured their economic condition for their GDP condition. if GDP is raised their economy is uplifted and if their GDP is falling, their economy is in falls. So all countries have a special focus on the rise of GDP.
In that scenario, one question is rise in our minds, what is GDP? So its simple answer to this question is, the total value of all finished goods and services produced in a country and a specific time period, Normally it’s a one year, that’s is a good tool for measuring of a country economy condition.
In this article, we discuss the top 5 economies in the world.
1-USA
The total GDP of the USA is $22.790 trillion, by the year 2021. Its GDP rank is 1st (nominal) and 2nd in (PPP), by the year 2021. Its GDP growth rate is 7.3%, by the year 2021. Its GDP per capita is $68,000, in the year 2021 and its GDP per capita rank is 5th in (nominal) and 7th in (PPP), by the year 2021.
Its population below the poverty line rate is 10% in the year 2019. The average gross salary in the USA is $63,000 by the year 2018. Its total exports are $2.1 trillion by the year 2020 and total imports are $2.8 trillion by the year 2020.
2-China
China’s total population is 1.4 billion by the year 2021. Its total GDP is $16.6 trillion (nominal) and $26.6 trillion (PPP), in the year 2021. Its GDP rank is 2nd (nominal) and 1st in (PPP), by the year 2021. Its GDP growth rate is 8.4%, in the year 2021. Its GDP per capita is $11,800 (nominal) and $18,900 (PPP), in the year 2021.
Its GDP per capita rank is 56th (nominal) and 70th (PPP), in the year 2021. The inflation rate in China is 3%, in the year 2020. In China, the population below the poverty line rate is 0.6%. in china, the human development index is 0.761 in the year 2019 which is considered very high. The unemployment rate in China is 3.7%, by the year 2020.
Its total exports are $2.58 trillion, by the year 2020. Its total imports are $2.07 trillion, in the year 2020.
3-Japan
The total population of japan is 125 million, by the year 2020. Its total GDP is $5.3 trillion (nominal) and $5.58 trillion (PPP), in the year 2021. Its GDP rank is 3rd (nominal) and 4th (PPP), in the year 2021. Its GDP growth rate is 2.2% in the year 2021.
Its GDP per capita is $42,900 (nominal) and $44,500 (PPP), in the year 2021. Its GDP per capita rank is 23rd (nominal) and 27th (PPP), by the year 2021. The inflation rate in Japan is -0.1%, by the year 2020. In Japan, the population below the poverty line rate is 0.7%.
In Japan, the human development index rate is 0.918 which is considered very high in the world. The unemployment rate in Japan is 3%, by the year 2020. Its total exports are $640 billion, by the year 2020. Total imports in japan are $633 billion, by the year 2020.
4-Germany
The total GDP of Germany is $4.3 trillion (nominal) and $4.7 trillion (PPP), by the year 2021. Its GDP rank is 4th (nominal) and 5th (PPP), by the year 2021. Its GDP growth rate is 4.2% in the year 2021. Its GDP per capita is $51,800 (nominal) and $56,900 (PPP), in the year 2021.
Its GDP per capita rank is 15th (nominal) and 15th (PPP), by the year 2021. The inflation rate in Germany is 0.4%, in the year 2020. The population below the poverty line is 17%. The human development index is 4.3%, in the year 2020. Total exports of Germany are $2.00 trillion, by the year 2019. Its total imports are $1.8 trillion.
5-United Kingdom
The total population in the UK is 68,025,500, by the year 2021. Its total GDP is $3.1 trillion (nominal) and $3.17 trillion (PPP), in the year 2020. Its GDP rank is 5th (nominal) and 10th (PPP), in the year 2021. Its GDP growth rate is 6.5%, in the year 2021.
Its GDP per capita is $46,300 (nominal) and $47,100 (PPP), in the year 2021. Its GDP per capita rank is 21st (nominal) and 22nd (PPP), in the year 2021.
The inflation rate in the UK is 2.3%, by the year 2020. The population below the poverty line rate is 24%, by the year 1018. In the UK, the human development index is 0.932 which is considered very high in the world.
The unemployment rate in the UK is 5%, by the year 2021. Uk’s total exports are $830 billion, by the year 2019. Its total imports are $880 billion, by the year 2018.
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