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- According to the latest statistics released by the World Bank in 2024,in the ranking of the world's GDP in 2010, United States ranked first in terms of GDP, with a total economic volume of $15048.96 billion; China ranked second in terms of GDP, with a total economic volume of $6092.8 billion; Japan ranked third in terms of GDP, with a total economic volume of $5759.07 billion; Germany ranked fourth in terms of GDP, with a total economy of $3399.67 billion; and France, with a total economy of...
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List of the 20 Economies with the Largest Contribution to Global Economic Growth in nominal GDP from 2000 to 2010; Rank Country Share of Contribution to Global GDP Growth — World: 100.0% — European Union: 25.0%: 1 China: 14.9% 2 United States: 14.6% 3 Brazil: 4.8% 4 Germany: 4.6% 5 France: 4.0% 6 Russia: 4.0% 7 India: 3.8% 8 Italy: 3.1% 9 ...
- Visualizing The World’S Largest Economies
- Methodology
- USSR as A Major Player
- Japan Begins to Slow Down
- The World’S Largest Economies Shift Again
Global GDP has grown massively over the last 50 years, but not all countries experienced this economic growth equally. In 1970, the world’s nominal GDP was just $3.4 trillion. Fast forward a few decades and it had reached $85.3 trillion by 2020. And thanks to shifting dynamics, such as industrialization and the rise and fall of political regimes, t...
Using data from the United Nations, Mathisen collected nominal GDP in U.S. dollars for each country. He then determined each country’s GDP as a share of global GDPand sized each graphic’s bubbles accordingly. The bubbles were placed according to country latitude and longitude coordinates, but Mathisen programmed the bubbles so that they wouldn’t ov...
In 1970, the U.S. accounted for the largest share of global GDP, making up nearly one-third of the world economy. The table below shows the top 10 economies in 1970. Then a global superpower, the former Union of Soviet Socialist Republics (USSR)came in second place on the list of the world’s largest economies. In the years leading up to 1970, the U...
By 1995, the U.S. still held the top spot on the world’s largest economies list, but the country’s share of global GDP had shrunk. Meanwhile, Japan had leapfrogged into second place and nearly tripled its share of the global economy compared to 1970. A number of factors played into Japan’s economic success: 1. Large business groups known as keirets...
In 2020, the United States continued to hold onto the number one spot among the world’s largest economies. However, Japan’s slowdown created a rare opportunity for a new powerhouse to emerge: China. China’s economy saw incredible growthfollowing economic reforms in 1978. The reforms encouraged the formation of private businesses, liberalized foreig...
Apr 20, 2023 · China 's and India's economic growth has been steep since the 1990s, while Indonesia has more recently entered the top 10 of the biggest economies in the world and is expected to reach ranks 6 by...
The United States Department of Agriculture has calculated the share of every country to global real GDP from 1969 to 2010. [10] European Union. The EU currently [when?] produces 17% of global GDP (nominal) and 14.5% of global GDP (PPP) in 2023. United States. The United States represented 28.69% of the world's economy in 1960 (highest point).
Year1st2nd3rd2020United States 20,936.600China 14,772.731Japan 5,064.8732015United States 18,036.650China 11,226.186Japan 4,382.4202010United States 14,964.401China 5,812.464Japan 5,793.4552005United States 13,093.700Japan 4,755.980Germany 2,866.308List of countries by GDP (nominal) Largest economies in the world by GDP (nominal) in 2024. according to International Monetary Fund estimates [n 1] [1] Countries by nominal GDP in 2019 [n 2] > $20 trillion. $10–20 trillion. $5–10 trillion. $1–5 trillion.
6 days ago · This GDP indicator provides information on global economic growth and income levels in the very long run. Estimates are available as far back as 1 CE. This data is adjusted for inflation and for differences in the cost of living between countries.
GDP per capita is often considered a country's standard of living. The growth rate of gross domestic product is the change experimenting by GDP (gross domestic product) over a period of time. The real economic growth rate is calculated used real GDP (at constant prices), adjusted for inflation.
