Population figures based on United Nations data.
We also reference original research from other reputable publishers where appropriate. above $100 billion and 142 have above $10 billion. The economy expanded by 2.9% and 2% during 2016 and 2017.
The $1.4 trillion Spanish economy is the 13th-largest in the world. IMF projects a growth of 1.7% and 1.5% during 2018 and 2019, respectively. Today, the country has a nominal GDP of $912.90 billion and a GDP-PPP of $969.23 billion. Conversion can be made using current exchange rates or Purchasing Power Parities (PPPs).World's 10 largest economies in 2019 as measured in US dollars using current exchange rates are the United States, China, Japan, Germany, India, United Kingdom, France, Italy, Brazil, and Canada. It is the 20th-largest economy in the world, with a nominal GDP of $703.75 billion. Its economy is expected to expand to $2.26 trillion by 2023. The World Bank cites its enormous progress on poverty reduction—"cutting the poverty rate to more than half since 1999, to 10.9% in 2016." France, the most-visited country in the world, is the third-largest economy of Europe and the sixth-largest in the world, with a nominal GDP of $2.78 trillion. Despite its small landmass, the Netherlands is a major player in the world's trade. The country has a highly skilled workforce and low unemployment (3%). While services are the major sector, manufacturing is the cornerstone of the economy, with 68% of its exports constituting of merchandise exports. Canada's nominal GDP is currently at $1.71 trillion and is expected to touch $1.74 trillion in 2019 and $2.13 trillion by 2023. Japan slips to the fourth spot when GDP is measured in terms of PPP; GDP (PPP) is $5.75 trillion in 2019, while its GDP per capita is $40,850 (24th spot). During the next decade, Russia witnessed growth at a healthy pace of 7%. Year to year changes in the nominal level of output or income of an economy are affected by a combination of forces: real growth, price inflation, and exchange rates. In a nutshell, the outlook for the global economy has darkened, amid slowing activity and heightened downside risks. Historical GDP by Country | Statistics from the World Bank | 1960-2018
are much higher than these two. Correct exchange rate, in turn, should equalize the price levels in two countries. So, based on PPPs, the The economy is projected to join the trillion-dollar club by 2023, while its GDP-PPP will reach $2.78 trillion that same year. In terms of different sectors of its economy, agriculture and industry contribute about 4% and 26%, respectively, while its service sector, which engages 75% of its employed population, contributes 70% to its GDP. Australia ranks 11th on the measure in terms of GDP per capita, with $56,351.58 in 2018. This page is a list of the countries of the world by gross domestic product (at purchasing …
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