Quick Answer: Who Has World No 1 Economy?

What are the 10 largest economies in the world?

Open an account to start trading on world assets.United States.

Nominal GDP: $21.44 trillion.

China.

Nominal GDP: $14.14 trillion.

Japan.

Nominal GDP: $5.15 trillion.

Germany.

Nominal GDP: $3.86 trillion.

India.

Nominal GDP: $2.94 trillion.

United Kingdom.

Nominal GDP: $2.74 trillion.

France.

Nominal GDP: $2.71 trillion.

Italy.More items….

Who has the most powerful economy?

Top 10 largest economies in the worldUnited States. In 2019, the nominal GDP of the US is expected to exceed USD 21 trillion. … China. The Chinese economy has witnessed an astonishing growth over the last few decades. … Japan. … Germany. … United Kingdom. … India. … France. … Brazil.More items…•

Which is the richest state in India?

MaharashtraMaharashtra – GDP Rs.27.96 lakh crore Maharashtra is one of the most important states in India, is actually the richest State in India as far as our indices are concerned.

Who are the 7 world powers?

China, France, Russia, the United Kingdom, and the United States are often referred to as great powers by academics due to “their political and economic dominance of the global arena”.

What is the richest country?

QatarAdvertisementRankCountryGDP-PPP ($)1Qatar132,8862Macao SAR114,3633Luxembourg108,9514Singapore103,181104 more rows•Aug 3, 2020

Is the US economy strong?

Overall economic growth, as measured by quarterly GDP growth rates, has been steady. … The ideal GDP growth rate is between 2% and 3%. GDP growth was consistently strong during the George W. Bush administration, averaging out to 2.1% per year when adjusted for inflation, according to the Hudson Institute.

Which country is growing the fastest?

The 5 Fastest Growing Economies In The WorldGuyana. With a projected growth rate of 16.3% during the four-year period 2018-2021, Guyana is the fastest growing economy in the world. … Ethiopia. … Rwanda. … Bangladesh. … India.

Who has the best economy 2020?

Click on any of the links to gain more in-depth reviews of these top countries.United States. GDP: $19.48 trillion. … China. GDP: $12.23 trillion. … Japan. GDP: $4.87 trillion. … Germany. GDP: $3.69 trillion. … India. GDP: $2.65 trillion. … United Kingdom. GDP: $2.63 trillion. … France. GDP: $2.58 trillion. … Brazil. GDP: $2.05 trillion.More items…

Which country has highest economy in the world?

The United StatesThe United States has the largest economy in the world at $20.4 trillion, according to data from the International Monetary Fund (IMF), which shows the US economy increased from around $19.4 trillion last year. China follows, with $14 trillion, which is an increase of more than $2 trillion in comparison to 2017.

What are the 5 poorest countries?

Sierra Leone.South Sudan.Liberia.Malawi.Niger.Eritrea.Democratic Republic of the Congo (DRC)Central African Republic (CAR)More items…•

Is China richer than USA?

National wealth can fluctuate, as evidenced in the United States data following the 2008 financial crisis and subsequent economic recovery….List of countries/ geographic regions by total wealth.Rank2Country/geographic regionChinaTotal wealth (billions USD)63,827Share of total17.7%115 more columns

Why is US economy so strong?

The nation’s economy is fueled by abundant natural resources, a well-developed infrastructure, and high productivity.