Top ten economies of the world

 

Top ten economies of the world

 

 

We  credit invesopedia.com for the data based on which we have ranked the countries.

Before going toward the list of top ten economies of the world on the basis of GDP, we will first understand what is GDP?

GDP is the total value of products that are produced within the boundaries of a country within a year or a particular period.

For example, a country produces 10 apples in a year, and the price of each apple is 10 than the GDP of that country will be 100 for that particular period.

List of top the economy of the world

10: CANADA

Canada is located in North America with a population of more than 379 million. The total area of Canada is 9,984,670 km2 . The GDP of Canada is more than 1.73 trillion us dollars and 52, 144 us dollar per capita income. The Canadian dollar is the currency of Canada. The major export of Canada is manufacture goods and the government of Canada is completely focused on sustainable manufacturing to further increase the exports. Canada also exports gold and petroleum product. People of Canada are highly educated and patriot that’s why Canada is on this list.

9: BRAZIL

Brazil is located in South America; it is the largest country in both south and Latin America. It is a country of more than 210 million people and they are spread on 8,515,767 km2    of land. THE total GDP of Brazil is 1.85 trillion us dollars which place Brazil on our list at number 9. Here it is to note that despite high GDP the per capita income of Brazil is just 17016 us dollars which makes Brazil a low-income country. The reason for low per capita income is the high population of Brazil. Brazilian real is its currency. The major imports of Brazil are agricultural products and raw material. Brazil is a member of the B.R.I.C.K organization along with India China and Russia.

8: ITALY

Italy is a European country located in south-central Europe. The total population of Italy is 60 million and the area is around 301 thousand kilometers. Total GDP of it lay is 1.99 trillion which put Italy on number 8th spot. Per capita income of it lay is 40470 US dollars. Italy exports heavy machinery automobile metal and metal products. Due to such huge export, Italy is one of the industrial economies of the world.

7: FRANCE

France is a European country. Its GDP is 2.71 trillion dollars and per capita income is 41761 us dollar. The population is around 60 million and the area of the country is 640 thousand kilometers. The export of France is contributing a lot to the economical growth of France. France's main exports are aircraft spacecraft automobile heavy machinery plastics and pharmaceuticals.

6: United Kingdom

The United Kingdom is located on the northeast coast of mainland Europe. Its area is 242,495 km2, with population of 67,886,004. GDP of the UK that brings it on number 6 on the list of top ten economies of the world is 2.83 trillion us dollars and per capita income is 41030 us dollar. The main export of the UK is machinery computers vehicles pharmaceuticals and precious gems and metals.

5: INDIA

India is the second-largest country according to population. The population of India is more than 1.3 billion. It is located in South Asia with an area of 3,287,263km2. India's GDP is 2.94 trillion us dollar but with such a huge population the per capita income of India is very low at 2338 us dollars which makes India a low-income country but the growth of India's economy is very fast. The main export of India is agricultural products raw material computers and mobile accessories and items of clothing.

4: GERMANY

Germany is a central European country. It is the largest and strongest economy in Europe. The population of Europe is 83,166,711 and the area of Germany is 57,022 km2. GDP of Germany is 3.86 trillion us dollars. The per capita income of Germany is 46653 us dollars. Germany is famous for motor vehicles and heavy machinery. Germany also exports computer pharmaceuticals electronic equipment textile and plastics.

3: JAPAN

Japan is an East Asian country with a GDP of 5.15 trillion us dollars. Its population is around 125 million and the area of the country is 377,975 km2. The per capita income of Japan is 43043 us dollars. Japan is a case study for many countries after World War 2 when Japan was bombed by us there was nothing left in Japan but with time Japan never loses hope and worked day and night and become a stronger economy of the world by ruling the automobile and electronic sector of the world for decades. The main export of Japan is the automobile and its parts. , machinery, semiconductor, electronics, and steel.

2: CHINA

China is an East Asian country with the largest population of 1.4 billion dollars. THE total GDP of china is 14.14 trillion dollars. The per capita income of China is 10872 us dollars. The area of china is 9,59
6,961km2. China is the energy economy of the world. It exports nearly everything. The main export of china is smartphones, computers integrated circuits machinery petroleum.

1: UNITED STATES OF AMERICA

USA GDP is highest in the world that is 21.44 trillion-dollar with 67426 us dollar per capita income. Both figures are the highest in the world. No doubt the USA is the strongest economy in the world and they are doing hard work to further strengthen it. The population of the USA is moree328 million with an area of 9,833,520 km2. The USA has the strongest export sector the main export are airplane spacecraft automobile petroleum chemicals computers integrated circuits and pharmaceuticals.

 

written by

ishaq khan

A Political Economist and Freelance Writer