World's 10 biggest economies

The United States continues to remain the world’s
largest economy, according to the World Bank ranking
that measures 214 economies based on their GDP
(Purchasing Power Parity).
A well-developed infrastructure, high productivity,
technological development and abundant natural
resources make United States an economic superpower.
According to the International Monetary Fund (IMF),
the US GDP constitutes 22 per cent of the gross world
product and is the largest importer and second largest
exporter of goods.
A leader in scientific research and technological
innovation, Americans have the highest average
household and employee income among OECD nations.
GDP: $12.4 trillion
One of the world's fastest-growing major economies,
China is world's second-largest economy by both nominal
total GDP and purchasing power parity (PPP).
After the economic liberalisation that began in 1978,
China’s economy has grown substantially. It is today the
world's largest exporter of goods.
High productivity, low labour costs and good
infrastructure have backed its position as a global leader
in manufacturing.
In terms of total revenues, three of the world's top ten
most valuable companies are from China.
The number of US dollar billionaires in China has
increased from 130 in 2009 to 251 in 2012, making China
the home to world's second-highest number of billionaires.
GDP: $4.8 trillion
India has the world's tenth-largest by nominal GDP and
third-largest by purchasing power parity (PPP).
Post the economic reforms in 1991, India became one of
the fastest-growing major economies.
India’s biggest asset is its 487.6-million worker labour
force, the world's second-largest, as of 2011.
Services make up 55.6 per cent of GDP. The industrial
sector accounts for 26.3 per cent and the agricultural sector
contributes 18.1 per cent of the GDP.
Thanks to a young population and corresponding low
dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy, the
outlook for India's medium-term growth is positive
according to the CIA Factbook.
GDP: $4.5 trillion
 Japan has the world's third-largest economy by
nominal GDP and the world's fourth-largest
economy by purchasing power parity.
With a highly developed industrial base, it is
also the world's fourth-largest exporter and
fourth-largest importer of goods.
 It has some of the largest and technologically
advanced producers of motor vehicles and
electronics goods, besides machine tools, steel
and nonferrous metals, ships, chemical
substances, textile manufacturing companies.
GDP: $3.4 trillion
 The Russian economy has moved ahead of
Germany to emerge as the 5th largest
economy by GDP (purchasing power parity).
 The eighth largest economy by nominal
GDP, Russia is endowed with minerals and
energy resources.
 Higher domestic consumption and greater
political stability have boosted economic
growth in Russia
 Russia is also ahead of other resource-rich
countries in economic development,
education, science and industry.
GDP: $3.3 trillion
 Germany has sixth-largest economy by
purchasing power parity.
 Besides being the second-largest exporter
and third-largest importer of goods, the
country has developed a very high standard
of living and has a comprehensive social
security system.
 With a highly skilled labour force and high
level of innovation, Germany has established
itself as the one of the largest and most
powerful economies in Europe.
GDP: $2.4 trillion
The Brazilian economy is the world's seventh
largest by nominal GDP and the seventh largest
by purchasing power parity.
One of the world's fastest growing major
economies, Brazil has a labour force of over a
107 million engaged in agricultural, mining,
manufacturing and service sectors.
A mixed economy with abundant natural
resources, the nation is predicted to become one
of the five largest in the world.
Brazil is known for its presence in international
financial and commodities markets countries.
GDP: $2.4 trillion
A developed country, France has the world's fifthlargest and Europe's second-largest economy by
nominal GDP.
Citizens enjoy a high standard of living, high public
education level, and one of the world's longest life
expectancies in this wealthiest nation in Europe.
It ranks world's 4th in the Fortune Global 500 ahead
of Germany and the UK.
France is also world's sixth-largest exporter and the
fourth-largest importer of manufactured goods.
With 79.5 million foreign tourists visiting the
country annually, France is the most-visited
country in the world.
GDP: $2.3 trillion
 World's first industrialised country, United
Kingdom is a developed country and has the
world's sixth-largest economy by nominal GDP.
The service sector contributes to 73 per cent of
UK’s currency, Pound sterling is the world's
third-largest reserve currency after the U.S.
Dollar and the Euro.
 Automobiles, aerospace and pharmaceuticals
form a significant part of the economy.
GDP: $2.0 trillion
 Mexico has one of the world's largest
economies. According to Goldman Sachs, by
2050 Mexico is expected to become the
world's fifth largest economy.
 Mexico was the first Latin American member
of the Organisation for Economic Cooperation and Development (OECD).
Besides remittances, oil, industrial exports,
manufactured goods, electronics, heavy
industry, automobiles, construction, food,
banking and financial services contribute to
the country’s economy.