If we look even closer, the top five countries in terms of nominal GDP -- the U.S., China, Japan, Germany and India -- contribute a whopping 55% to the world's GDP. The United States, the world's largest economy with a nominal GDP of $21.44 trillion, constitutes one-fourth of the world economy.
Similarly, it is asked, what is the world's largest economy 2020?
The Current Top Economies Germany at $4.2 trillion in 2019 and an estimated $4.5 trillion in 2020. The United Kingdom at $3 trillion in 2019 and an estimated $3.2 trillion in 2020. India at $2.9 trillion in 2019 and an estimated $3.3 trillion in 2020. France at $2.9 trillion in 2019 and an estimated $3.1 trillion in
Secondly, which country has the best economy 2020?
Predictions that China would surpass the United States to become the world's top economy by 2020 appear to have been exaggerated. In fact, the U.S. finished 2019 on top with an estimated $21.5 trillion nominal gross domestic product (GDP) and is expected to grow to $22.3 in 2020.
Which Africa country has the best economy?
List of African countries by GDP (nominal)
|2019 Rank||Country||Nominal GDP ($ billions)|
Which country is growing the fastest?
The 5 Fastest Growing Economies In The World
- Guyana. With a projected growth rate of 16.3% during the four-year period 2018-2021, Guyana is the fastest growing economy in the world.