Thread by @BiIndia

Top 10 largest #economies in the world

businessinsider.in/stock-market/e…

1. United States

The real GDP of the #USA is estimated to be $20,953 trillion. The services sector of the US is much more developed and technologically sophisticated. This fact accounts for about 80% of the total output.

#economy #GDP

2. China

The Chinese economy has witnessed astonishing growth over the last few decades. This fact has helped the country capture the much coveted second place in the list of top 10 economies of the world. The real GDP of #China in 2020 was $14,723 trillion.

#economy #GDP

3. Japan

Based on the real GDP forecast, the Japanese economy ranks third currently at an estimate of $5,058 trillion. During the 1960, 70s and 80s, Japan’s economy was growing rapidly. Nevertheless, #Japan’s economy had not been impressive after that period.

#economy #GDP

4. Germany

With a real GDP of $3,847 trillion, #Germany captures the fourth place among the top five economies on the globe. After a brief plummeting in 2009, Germany's economy bounced forward with 4.0% expansion a decade back.

#economy #GDP

5. United Kingdom

The average annual growth of the UK's GDP between 1999 and 2008 was 2.8%. The growth is most likely to slow down due to a dip in the private consumption and dampening of fixed investments under the uncertain conditions created by the #Brexit.

#economy #GDP

6. India

Having overtaken the French economy, #India sits at the sixth position of the topmost economies of the world with a real GDP of $2,660 trillion. The Indian economy also has become the world’s fastest growing economy among the large economies.

#economy #GDP

7. France

#France’s GDP estimate represents $2,630 trillion. At present over 70% of the nation's GDP stems from the service sector. France is also the global leader in the arenas of automotive, railway and aerospace.

#economy #GDP

8. Italy

The third-largest national economy in the European Union, Italy has a highly developed market. The real GDP of #Italy is estimated to be $1,889 trillion making it the eighth largest economy on the earth.

#economy #GDP

9. Canada

The real GDP of #Canada is valued at $1,645 trillion, making it the ninth largest economy on the earth. While staying in the ninth position of the largest world economies, Canada is just one place ahead of South Korea.

#economy #GDP

10. South Korea

#SouthKorea is a highly developed mixed economy and is the 4th largest economy in Asia. Based on the real GDP forecast, the South Korean economy ranks tenth, valued at $1,638 trillion.

#economy #GDP

CORRECTION: Original tweet mentioned incorrect data. Refer to this list.

USA- $20.95 trillion
China- $14.72 trillion
Japan- $5.05 trillion
Germany- $3.84 trillion
India- $2.66 trillion
France- $2.63 trillion
Italy- $1.88 trillion
Canada- $1.64 trillion
S.Korea- $1.63 trillion