However, it’s interesting to see that these top economies don't budge easily from the positions they hold. The IMF projects a growth of 5.8% in 2020, which would sober down to around 5.6% by 2023.

It is projected to edge down to 1.2% in 2018 and 1.0% in 2019.

During 2006–2010, the nation grew at an average 4.5%, moderating to around 2.8% in 2011–2013.

Data published Yearly by World Bank. Among sectors, agriculture contributes about 14% to its GDP, while industry and services add approximately 43% each to its output.

The economy, which slumped by 0.9% in 2017, is expected to grow by 1.9% in 2018 and 2019. In 2018, its nominal GDP was $782.48 billion, while its GDP based on PPP was $1.86 trillion. This site uses cookies to optimize functionality and give you the best possible experience. Saudi Arabia is predominantly an oil-based economy. India is the fastest-growing trillion-dollar economy in the world and the fifth-largest overall, with a nominal GDP of $2.94 trillion. Back in 1980, the Netherlands was the 12th-largest economy globally, with a GDP of $189.49 billion.

With a nominal GDP of $2.07 trillion, Italy is the world’s eighth-largest economy. The World Bank. Therefore, these figures should be used with caution. In 2019, the U.S. economy, in terms of GDP (PPP), was at $21.44 trillion, while the Chinese economy was measured at $27.31 trillion. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values.

Its economy will get some stimulus with the 2020 Olympics keeping the investment flow strong, which is backed by a lax monetary policy by the Bank of Japan.

U.S. Nominal GDP: $21.44 trillion - U.S. GDP (PPP): $21.44 trillion, China Nominal GDP: $14.14 trillion - China GDP (PPP): $27.31 trillion, Japan Nominal GDP: $5.15 trillion- Japan GDP (PPP): $5.75 trillion, Germany Nominal GDP: $3.86 trillion - Germany GDP (PPP): $4.44 trillion, India Nominal GDP: $2.94 trillion-India GDP (PPP): $10.51 trillion, U.K. Nominal GDP: $2.83 trillion - U.K. GDP (PPP): $3.04 trillion, France Nominal GDP: $2.71 trillion - France GDP (PPP): $2.96 trillion, Italy Nominal GDP: $1.99 trillion - Italy GDP (PPP): $2.40 trillion, Brazil Nominal GDP: $1.85 trillion - Brazil GDP (PPP): $3.37 trillion, Canada Nominal GDP: $1.73 trillion - Canada GDP (PPP): $1.84 trillion, Russia Nominal GDP: $1.64 trillion - Russia GDP (PPP): $4.21 trillion, South Korea Nominal GDP: $1.63 trillion - South Korea GDP (PPP): $2.14 trillion, Spain Nominal GDP: $1.4 trillion - Spain GDP (PPP): $1.86 trillion, Australia Nominal GDP: $1.38 trillion - Australia GDP (PPP): $1.32 trillion, Mexico Nominal GDP: $1.22 trillion - Mexico GDP (PPP): $2.57 trillion, Indonesia Nominal GDP: $1.11 trillion - Indonesia GDP (PPP): $3.50 trillion, Netherlands Nominal GDP: $902.36 billion - Netherlands GDP (PPP): $969.23 billion, Saudi Arabia Nominal GDP: $779.29 billion - Saudi Arabia GDP (PPP): $1.86 trillion, Turkey Nominal GDP: $743.71 billion - Turkey GDP (PPP): $2.29 trillion, Switzerland Nominal GDP: $715.36 billion - Switzerland GDP (PPP): $548.48 billion, Everything You Need to Know About Per Capita and Its Uses. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. Its nominal GDP is estimated to remain at $2.83 trillion during 2019, but its ranking is expected to slide to the seventh spot by 2023 with its GDP of $3.27 trillion.

The economy is projected to join the trillion-dollar club by 2023, while its GDP-PPP will reach $2.78 trillion that same year.

Mexico, the second-largest economy in Latin America, is the 15th-largest economy in the world, with a nominal GDP of $1.22 trillion, while its GDP in terms of PPP is $2.57 trillion. It is among the top exporters in the world and presents great investment opportunities, reflected in its ease of doing business ranking. With a nominal GDP of $1.87 trillion, Brazil is the ninth-largest economy in the world. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total … The World Bank has recorded unemployment rates at 10% during 2014, 2015, and 2016.

The country offers a high standard of living to its people as reflected in its GDP per capita of $42,877.56.

Per capita is a Latin term that translates to "by head" and that is interpreted as meaning per person.

The share of agriculture in the Mexican economy has remained under 4% over the last two decades, while its industry and services contribute around 33% and 63% to its output. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries.

What is Japan GDP per capita by purchasing power parity?

Find Out. In PPP, no economy in top ten in both ranking.

The share of Turkey's middle-class increased from 18% to 41% of the population between 1993 and 2010, according to the World Bank, and the country joined the upper-middle income group in the late 2000s. You can learn more about the standards we follow in producing accurate, unbiased content in our.

Post-Brexit, Spain is the fourth-largest economy in the eurozone.

These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. The nation has been dependent upon capital good exports, which suffered a setback post-2008 financial crisis. Online tool for visualization and analysis. Many of leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries.
The country has a GDP (PPP) of $3.37 trillion and a GDP per capita of $8,967.66.

... GNI per capita, Atlas method (current US$) Details.

In 2016, Brazil contracted by 3.5% before rebounding by 1% in 2017.

Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). In terms of GDP (PPP), its economy is worth $2.40 trillion and it has a per capita GDP of $34,260.34. These include white papers, government data, original reporting, and interviews with industry experts. Although agriculture is not a major contributor to its GDP, 60% of the U.K.'s food needs are produced domestically, even though less than 2% of its labor force is employed in the sector. It ranks 13th on the basis of per capita income, with a GDP per capita of $53,106.38. 2015 Irish GDP is 143% of 2015 Irish GNI*. A developed economy is one with sustained economic growth, security, high per capita income, and advanced technological infrastructure.

The economy has been growing at an impressive pace since the 2000s, driven by both industry and services. By 2014, it was barely growing at 0.1%.
Germany was the third-largest economy in nominal terms in 1980, with a GDP of $850.47 billion. When the economies are assessed in terms of purchasing power parity, the U.S. loses its top spot to its close competitor China. On the positive side, exports and business investment are driving economic recovery.

Japan from The World Bank: Data.

Australia is the 14th-largest economy, with a nominal GDP of $1.42 trillion.

The GDP per Capita in Japan is equivalent to 389 percent of the world's average. The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. The economy grew 3.1% in 2017 and is expected to edge down to 2.8% and 2.2% in 2018 and 2019, respectively. Over the years, the difference in the size of the Chinese and the U.S. economy has been shrinking rapidly.

Is the US a Market Economy or a Mixed Economy? The economy's strength lies in a limited dependence on exports, high saving rates, favorable demographics, and a rising middle class.

The manufacturing sector is primarily dominated by the chemical industry, automotive, and armament industries. The size of the U.S. economy was at $20.58 trillion in 2018 in nominal terms and is expected to reach $22.32 trillion in 2020. The economy is now a part of the trillion-dollar club, with a nominal GDP of $1.02 trillion. To bolster its manufacturing strength in the current global scenario, Germany has launched Industrie 4.0—its strategic initiative to establish the country as a lead market and provider of advanced manufacturing solutions.

Note that many of leading GDP-per-capita (nominal) jurisdictions, such as Ireland, are tax havens. The Netherlands can boast of its highly mechanized, highly productive agricultural sector, which makes it among the top agricultural exporters globally.

Brazil is the largest and most populous nation in Latin America. The country offers a very high standard of living for its people, represented by the GDP per capita of $82,950.28, which is only behind Luxembourg. The Indonesian economy has shown tremendous progress over the last two decades.

China has experienced exponential growth over the past few decades, breaking the barriers of a centrally-planned closed economy to evolve into a manufacturing and exporting hub of the world. We also reference original research from other reputable publishers where appropriate. Germany (4,17), Canada (10,19), Australia (14,12), Netherlands (17,11) and Switzerland (20,2) are in top twenty list of GDP and GDP per capita ranking. The economy showed recovery from the oil shock in 2016 with a 1.7% growth. Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. By 2023, China's GDP (PPP) would be $36.99 trillion.

The country remains a major exporter of olive oil, pork, and wine. It is the average per person. In terms of different sectors of its economy, agriculture and industry contribute about 4% and 26%, respectively, while its service sector, which engages 75% of its employed population, contributes 70% to its GDP. Australia is also a land rich in natural resources, as well as a major exporter of energy and food. The World Bank cites its enormous progress on poverty reduction—"cutting the poverty rate to more than half since 1999, to 10.9% in 2016." Annual GDP Growth (%) Japan. Canada displaced Russia to take the 10th spot in 2015 and has retained its position since then. The economy clocked 0.9% and 1.5% in 2016 and 2017, respectively. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, Palestine and Taiwan) are included in the list in cases in which they appear in the sources. Here you can query, map, compare, chart and summarize key climate-related information.

This list is based on the IMF's World Economic Outlook Database, October 2019.

Learn how the World Bank Group is helping countries with COVID-19 (coronavirus).

It ranks as the largest exporter of petroleum, with the oil and gas sectors accounting for about 50% of its GDP and 70% of its export earnings.

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