World's Biggest Economies In 2018 - Politics - Nairaland
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| World's Biggest Economies In 2018 by AmericanQuarter: 10:31pm On Sep 09, 2018 |
The world's biggest economies in 2018 America’s economy has grown beyond $20 trillion Image: REUTERS/Jose Luis Gonzalez 18 Apr 2018 Rob Smith Formative Content The United States has the largest economy in the world at $20.4 trillion, according to data from the International Monetary Fund (IMF), which shows the US economy increased from around $19.4 trillion last year. China follows, with $14 trillion, which is an increase of more than $2 trillion in comparison to 2017. Japan is in third place with an economy of $5.1 trillion, up from $4.87 trillion a year previously. Image: IMF European countries round off the top 5 Three European countries take up the next places on the list: Germany is fourth, with a $4.2 trillion economy, the United Kingdom is fifth with $2.94 trillion and France is sixth with $2.93 trillion. Close behind the UK and France, in seventh, India’s economy is $2.85 trillion, and Italy is in eighth with an economy of $2.18 trillion. Ninth on the list is Brazil, with an economy of more than $2.14 trillion, while Canada is 10th with a $1.8 trillion economy. The sheer scale of the United States’ economy puts others into perspective. It is larger than the combined economies of numbers four to 10 on the list above. Overall, the global economy is worth an estimated $79.98 trillion, meaning the US accounts for more than one-quarter of the world total. China and India predicted to surge However, its dominance looks to be waning. According to data from the World Bank (illustrated by visual capitalist), the global economy will expand by $6.5 trillion between 2017 and 2019. America’s GDP is expected to account for 17.9% of this growth. China’s, however, is predicted to account for almost double this, at 35.2%. China is experiencing a GDP boom Image: Visual Capitalist China’s digital economy is also experiencing a boom period. It has grown from less than 1% of the global e-commerce market about 10 years ago to 42% today. In comparison, the United States’ share of the market is 24%, down from 35% in 2005. China’s economy will also eclipse the US economy by 2050, according to a report by professional services firm PwC, which also predicts India will overtake the US. https://www.weforum.org/agenda/2018/04/the-worlds-biggest-economies-in-2018/
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| Re: World's Biggest Economies In 2018 by YourImaginaryBF: 10:46pm On Sep 09, 2018 |
Nigeria is not on the list; why am i not surprised. 1 Like |
| Re: World's Biggest Economies In 2018 by Heartbender: 10:50pm On Sep 09, 2018 |
Nigeria name no dey ever commot for beta things like this |
| Re: World's Biggest Economies In 2018 by Albinoflash(m): 11:07pm On Sep 09, 2018 |
I swear naija will make top 300 by year 3040 |
| Re: World's Biggest Economies In 2018 by SolutionMee: 12:23am On Sep 10, 2018 |
 My first observation is that where's the Almighty Russia on this list? Subsections under this are: How many Russian music do you have on your phone? Name 5 Russian artists? Name 5 Russian phone manufacturing companies? A big shame on you if you love Russia so much but find this simple questions difficult to answer. My second observation is that Donald Trump is not helping America at all. That's why we Americans still prefer Obama to him. Obama redeemed our failed economy. It was all because of him that we didn't go into recession. We owe him an eternal love and appreciation. This American albino must be a Russian clone sent to destroy the good work and legacies that Obama built over the years. He'll soon be impeached to prevent the impending doom looming on God's own country "America." My third observation is that China is like a horse running without a caution. Nagasaki and Hiroshima that tried that with America in the past, wetin later happened to them? For you to outperform America, last last, they wage a third world war, fight, defeat you and reclaim back their position. It will be easier for Nigeria to start manufacturing fighter jets than China overtaken America. Let me stop here |
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