Ranking of world economies 2019, table of GDP of countries of the world

When it comes to the world's leading national economies, the top 10 players are usually the same, although their number on the list may change slightly from year to year.

We have compiled a ranking of world economies 2019, a table of GDP measured in US dollars. GDP data were obtained from the lists of the World Bank (WB) and the International Monetary Fund (IMF).

We have also prepared richest countries ranking 2019, calculated at purchasing power parity of GDP (PPP).

Top 10 Strongest Economies 2019

10. Canada

The ranking of world economies is opened by the 10th largest economy, ahead of Russia, which is only 12th in the list of the best economies in the world according to the IMF and the World Bank. Between 1999 and 2008, Canada's economy was booming, with GDP growing by an average of 2.9% annually.

Thanks to close economic ties with the United States, in the crisis year of 2009, the Canadian economy suffered slightly, shrinking by 2.7% compared to 2008. And in the period from 2010 to 2013, GDP grew by an average of 1.4% per year.

FocusEconomics experts expect Canada's GDP to be 1.8 trillion. dollars with a growth rate of 2% in 2019.

9. Brazil

After strong growth in 2007 and 2008, Brazil's advanced economy contracted by 0.3% in 2009 as demand for export of goods from the country decreased and the flow of foreign credit decreased significantly.

However, already in 2010 Brazil showed an enviable rate of economic growth - 7.5%. This was the highest growth rate in the last 25 years. Growth then slowed - partly due to rising inflation - to 2.1% annually from 2011 to 2013. Due to various corruption scandals, tight credit conditions and political unrest, Brazil's economy is no longer growing as rapidly as it used to be. But it is still in the top ten best economies in the world.

According to experts from FocusEconomics, in 2019 the Brazilian economy will grow by 2.3%, and the nominal GDP will amount to $ 2 trillion.

8.Italy

The country with a good economy is currently suffering from political instability, economic stagnation and lack of structural reforms. Before the world economic crisis of 2008-2009, it was already idling. And the crisis period turned out to be very painful for her, collapsing the economy by 5.5% - the largest drop in Italian GDP in recent decades.

However, in recent years, things in the Italian economy are gradually improving. It continues to be burdened with numerous structural problems, including:

• Labor productivity stagnation;
• high tax rates;
• a large volume of non-performing loans in the banking sector;
• and high government debt.

FocusEconomics experts believe that nominal GDP in 2019 will amount to 2.1 trillion. dollars, increasing by 1.3% annually.

7. France

Sunny France generates about one fifth of the gross domestic product of the euro area of ​​2.9 trillion. dollars. Currently, the main engine of the country's economy is the service sector, accounting for more than 70% of GDP.

France is one of the world leaders in the automotive, aerospace and railway industries, as well as in cosmetics and luxury goods.

The French economy survived the 2008-2009 financial crisis relatively painlessly. In part, it was protected by a small dependence on foreign trade and stable rates of private consumption. However, the high unemployment rate continues to cause growing concern among French politicians.

France's GDP is forecast to grow 1.7% in 2019 and 1.6% in 2020, according to FocusEconomics.

6. India

In the period from 2003 to 2007, India experienced a high rate of economic growth - about 9% per year. However, it stopped in 2008. The reason is the same as in other countries, the global economic crisis.

In subsequent years, positive developments in the Indian economy were hampered by the falling rupee exchange rate and slow industrial growth. Investors began to quickly withdraw money from the country. The growth of the stock market and the narrowing of the current account deficit made India one of the top five countries in terms of GDP.

By 2020, India's economy is expected to catch up with the UK to become the fifth largest economy in the world with a nominal GDP of $ 2.9 trillion.

5. United Kingdom

In the 10 years before the Great Recession (World Economic Crisis), from 1999 to 2008, the UK's gross domestic product grew by an average of 2.8% per year. The financial and credit crises hit the English economy hard as a result of overinvestment in the housing market and heavy consumer dependence on credit.

In 2009, the GDP of one of most competitive countries in the world fell by 5.2%, mainly due to a sharp drop in private investment in fixed assets.

Since then, UK GDP growth has bounced back, but Brexit uncertainty still threatens the economy.

Economists believe that the UK will remain on the list of the 5 richest economies in the world until at least 2020, and its GDP growth is estimated at 1.5% in 2019.

4. Germany

In the decade before the Great Recession, Germany's GDP grew by an average of 1.6% per year. However, in 2009, one of the most successful economies in the world collapsed immediately by 5.2%. This was due to the country's dependence on the export of goods.

In 2010, the German economy bounced back and showed an increase of 4.0%. The next three years were darkened by the constant crisis in the Eurozone, but the German government still managed to keep the country in fourth place in the ranking of the world's economies. In 2019, its GDP, in theory, will grow by 1.8%.

3. Japan

The three countries with the most powerful economies are opened by the country of sakura and samurai. According to economic forecasts, Japan's nominal GDP will reach $ 5.2 trillion in 2019.

Until the 1990s, Japan was the equivalent of modern China, developing rapidly in the 1960s, 70s and 80s. However, during the 1990s, also called the “lost decade,” Japanese economic growth slowed significantly, mainly due to the bursting of the country's asset price bubble.

Thanks to the efforts of the Japanese authorities, at the end of 2005, the country outstripped the economies of the United States and the European Union in terms of economic growth. In 2019, its growth rate is expected to be 1.1%.

2. China

In 1978, when China launched its economic reform program, the country was ranked ninth in terms of nominal gross domestic product, with $ 214 billion. 35 years later, China has risen to second place in the list of the world's largest economies. Its nominal GDP reaches $ 9.2 trillion.

Previously, most of the GDP came from the secondary sector (including industry and construction). However, in recent years, the modernization of China has pushed the tertiary sector (services) to develop, and in 2013 it became the largest category of GDP with a share of 46.3%, while the secondary sector still accounts for a significant 45.0% of the total. production of the country.

The Chinese economy is projected to grow by 6.3% in 2019.And by 2030 she will become the most major economy in the world.

1. USA

The most powerful and largest economy in the world according to the IMF and World Bank is in the United States of America.

Despite internal problems, along with a rapidly changing global landscape, the US economy remains the largest in the world. And the country's nominal GDP is projected to surpass $ 21 trillion in 2019. The US economy accounts for about 20% of total world production, and this is still more than China.

The world's leading economy is characterized by a technologically advanced service sector, which accounts for about 80% of jobs. The American economy is dominated by service-oriented companies, with the highest numbers in areas such as technology, financial services, healthcare, and retail.

Large American corporations also play an important role on the global stage, with more than a fifth of the Fortune Global 500 companies based in the United States. According to the forecasts of FocusEconomics, the US economy will grow by 2.5% in 2019 and by 1.7% in 2020.

List of GDP countries of the world 2019, table

The 2019 ranking of countries by GDP is based on the forecast data of the International Monetary Fund and FocusEconomics in billions of dollars.