Per the World Bank (2019) Per the United Nations (2018) Per the World Bank (2019) Per the United Nations (2018) These include white papers, government data, original reporting, and interviews with industry experts. India has become the fifth-largest economy in 2019, overtaking the United Kingdom and France. Germany (4,17), Canada (10,19), Australia (14,12), Netherlands (17,11) and Switzerland (20,2) are in top twenty The economy is now a part of the trillion-dollar club, with a nominal GDP of $1.02 trillion.
Brazil is part of the BRICS, along with Russia, India, China, and South Africa.
Canada registered a growth of 3% in 2017 vis-à-vis 1.4% in 2016 and is expected to grow 2% during 2018 and 2019.
However, it’s interesting to see that these top economies don't budge easily from the positions they hold. China will remain the world's Spain replaced the United Kingdom to become the second most-visited country in the world, with a huge influx of inbound tourists. Argentina has lowest growth rate of -1.28% followed by Islamic Republic of Iran.United States (1,7) is present in both list of top ten GDP and GDP per capita ranking at nominal terms. The economy's strength lies in a limited dependence on exports, high saving rates, favorable demographics, and a rising middle class. The world economy consists of 193 economies, with the United States being the largest. We also reference original research from other reputable publishers where appropriate. The economy has grown by 2.3% during 2017 and is expected to grow 1.8% and 1.7% during 2018 and 2019 as per the IMF. Historical GDP by Country | Statistics from the World Bank | 1960-2018 Using current exchange rates to convert national currencies to US dollars is popular because data on exchange rates are easily accessible but it has a significant drawback.Using current exchange rates for country comparisons by GDP is not correct because exchange rates are often significantly overestimated or underestimated compared to their "correct levels". We base this assignment on Gross National Income (GNI) per capita (current US$) calculated using the Atlas method. So, based on PPPs, the China has overtook US in 2014 on ppp basis and gap is increasing. Gross domestic product ranking table.
list of GDP and GDP per capita ranking. Indonesia is latest entry in $1 trillion economy. It is projected to edge down to 1.2% in 2018 and 1.0% in 2019. ... World Bank national accounts data, and OECD National Accounts data files. The Four Asian Tigers define the high-growth economies of Hong Kong, Singapore, South Korea, and Taiwan. The World Bank classifies the world's economies into four income groups — high, upper-middle, lower-middle, and low. Correct exchange rate, in turn, should equalize the price levels in two countries.