China will remain the world's largest economy on a PPP basis over the next few decades, as the second-ranked US is growing slowly and third-ranked India is way behind. Germany overtook Japan in 2023 to claim the third spot and is now ahead by 640 billion USD. Even India is now ...
Saudi Arabia is the 19th-largest economy in the world. The Saudi economy is heavily based on oil and is the world’s largest oil exporter. The Saudi government owns and operates much of the country’s major industry through its oil company,Aramco; however, with global environmental concerns ...
List of continents by gdp per capita Top 10 largest economies by GDP See Also: » Countries by Projected GDP per capita » World GDP per capita Ranking » Projected GDP Ranking » Countries by Projected GDP » Countries by projected GDP Growth View More Economy StatisticsAs...
A "ticking time bomb" is how Biden recently described the Chinese economy, but just by a glance over the recent economic turmoil in the United States and how it is spreading to the world, one may have a different answer.■
🇵🇸West Bank and GazaN/A Source: International Monetary Fund, World Economic Outlook April 2024. Values are expressed in current international dollars, reflecting the corresponding exchange rates and PPP adjustments. Related Content Data World’s Largest Companies In 2024 ...
The US is the largest economy in the world, accounting for about 20% of global GDP. The US GDP per capita structure is dominated by services of more than 75% pharmaceuticals, oil and gas industry. Auto and aircraft manufacturing account for 20...
Germany, the largest economy in the EU, added $4.5 trillion.1 China has been the world's largest economy since 2017, when it took the top spot from the EU. Still, China's growth rate has slowed to single digits as its leaders attempt to head off an asset bubble through reform. So...
GDP indicates the nation’s economy is strong and growing steadily. According to theWorld GDP Ranking 2023, India is the fifth-largest global economy. Significant countries, such as the United States of America, China, Japan, and Germany, also hold prominent positions on the GDP Ranking list. ...
Size of economy In 2023, Guangzhou registered a GDP of 3.04 trillion yuan, an increase of 4.6%, accounting for 2.4% of the country’s total and 22.4% of Guangdong Province’s and ranking the fourth among cities in China. For three consecutive years, Guangzhou’s total retail sales of co...
That is, other things being equal, country—industry pairs with large u i or d i values are being more proper targets for economic stimulation because they will bring much greater benefits to the entire world economy (by extending more of its resources to other country—industry pars in the ...