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.
In this manner, who has the strongest economy in the world 2020?
The Current Top Economies In fact, the U.S. and China are the dominant leaders in the top 10 largest economies. The others include: Japan at $5.2 trillion in 2019 and an estimated $5.4 trillion in 2020. Germany at $4.2 trillion in 2019 and an estimated $4.5 trillion in 2020.
Similarly, 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.
Why is Qatar so rich?
Qatar is classified by the UN as a country of very high human development and is widely regarded as the most advanced Arab state for human development. Qatar is a high-income economy, backed by the world's third-largest natural gas reserves and oil reserves.
Is America a rich country?
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.
|Country/geographic region||United States|
|Total wealth (billions USD)||105,990|
|Share of total||29.4%|