Top 10 Largest Economies in the World
As the title says it all this time i have a list of Top 10 largest economies in the World, Many changes in Assets and economies as compared to previous years, India s showing great growth in industrial sector and that’s why India is now fourth biggest economy in the world, Lets have a look at top 10 countries with biggest economies.
10. Italy – GDP $1,7 trillion
Italy has a free market economy characterized by high per capita GDP and low unemployment rates. In 2010, it was the eighth-largest economy in the world and the fourth-largest in Europe in terms of nominal GDP, and the tenth-largest economy in the world and fifth-largest in Europe in terms of PPP. It is a founding member of the G8, the Eurozone and the OECD. It is a founding member of the G8, the Eurozone and the OECD.
9. France – GDP $2,0 trillion
A member of the G8 group of leading industrialised countries, it is ranked as the world’s and Europe’s second largest economy by nominal GDP;with 39 of the 500 biggest companies of the world in 2010, France ranks world’s 4th and Europe’s 1st in the Fortune Global 500 ahead of Germany and the UK. France joined 11 other EU members to launch the euro on 1 January 1999, with euro coins and banknotes completely replacing the French franc (₣) in early 2002.
8. UK – GDP $2,0 trillion
The UK has a partially regulated market economy. Based on market exchange rates the UK is today the sixth-largest economy in the world and the third-largest in Europe after Germany and France, having fallen behind France for the first time in over a decade in 2008. HM Treasury, led by the Chancellor of the Exchequer, is responsible for developing and executing the British government’s public finance policy and economic policy.
7. Brazil – GDP $2,1 trillion
Brazil is the largest national economy in Latin America, the world’s seventh largest economy at market exchange rates and the eighth largest in purchasing power parity (PPP), according to the International Monetary Fund and the World Bank. Brazil has a mixed economy with abundant natural resources. The Brazilian economy has been predicted to become one of the five largest in the world in the decades to come, the GDP per capita following and growing.
6. Russia – GDP $2,2 trillion
Russia has a market economy with enormous natural resources, particularly oil and natural gas. It has the 10th largest economy in the world by nominal GDP and the 6th largest by purchasing power parity (PPP). Since the turn of the 21st century, higher domestic consumption and greater political stability have bolstered economic growth in Russia. The country ended 2008 with its ninth straight year of growth, averaging 7% annually between 2000 and 2008.
5. Germany – GDP $2,9 trillion
Germany has a social market economy with a highly qualified labour force, a large capital stock, a low level of corruption, and a high level of innovation. It has the largest national economy in Europe, and the fifth largest by PPPin 2009. The service sector contributes approximately 71% of the total GDP, industry 28%, and agriculture 0.9%.
4. India – GDP $4 trillion
According to the International Monetary Fund, as of 2011, the Indian economy is worth US$1.631 trillion; it is the ninth-largest economy by market exchange rates, and is, at US$4.057 trillion, the fourth-largest by purchasing power parity, or PPP. With its average annual GDP growth rate of 5.8% over the past two decades, and reaching 10.4% during 2010, India is one of the world’s fastest-growing economies.
3. Japan – GDP $4,3 trillion
Some of the structural features for Japan’s economic growth developed in the Edo period, such as the network of transport routes, by road and water, and the futures contracts, banking and insurance of the Osaka rice brokers. During the Meiji period from 1868, Japan expanded economically with the embrace of the market economy. Many of today’s enterprises were founded at the time, and Japan emerged as the most developed nation in Asia.
2. China – GDP $10 trillion
The PRC is the fourth-most-visited country in the world, with 50.9 million inbound international visitors in 2009. It is a member of the WTO and is the world’s second-largest trading power behind the US, with a total international trade value of US$2.21 trillion–1.20 trillion in exports (#1) and US$1.01 trillion in imports (#2). Its foreign exchange reserves have reached US$2.85 trillion at end of 2010, an increase of 18.7% over the previous year, making its reserves by far the world’s largest.
1. US – GDP $14,6 trillion
The United States has a capitalist mixed economy, which is fueled by abundant natural resources, a well-developed infrastructure, and high productivity. According to the International Monetary Fund, the U.S. GDP of $15 trillion constitutes 23% of the gross world product at market exchange rates and over 20% of the gross world product at purchasing power parity (PPP). US is the Largest Economies in the World.