Top 10 Richest Countries In The World

1.    United States of Americ


United States of America is the richest country in the world. Their GDP level is $ 20.89 trillion. GDP per capita of United States of America is  $ 63,413. Purchasing power parity is $ 20.89 trillion. The success of America is depended on several factors. An entrepreneurial environment that encourages hard work and long hours certainly helps.

 

2.    China


 

The Chinese economy, one of the fasted growing economies of the 21st century, now ranked as the second largest economy in the world. Currently valued GDP is $14.86 trillion. The main reasons for achieved above mentioned GDP level is China’s belt and road initiative effectively merging its foreign and economic policy. GDP per capita is  $ 10.434 and GDP-purchasing  power parity is $17,204.

 

3.    Japan



The Japan is the 3rd richest country in the world. Their GDP level is $ 5.06 trillion and GDP per capita is $ 39048.Further GDP –purchasing power parity is 5.24 trillion. Japan is ranked as one of the most innovative countries in the world. Japan is the world’s largest electronic producer and the 3rd largest automobile manufacturer.

 

4.    Germany


The total value of exports and imports is equal to 86.9% of GDP.GDP value of Germany is 3.85 trillion and GDP per capita is $ 45,466. Germany is a European nation with the biggest drivers of its economy being its service industries, including telecommunications, healthcare and tourism. The country is ranked no 1 in the world for entrepreneurship due to its skilled labour force, highly developed infrastructure and technological expertise.

 

5.    United Kingdom


It is the 5th largest economy in the world and the 2nd largest in Europe in terms of GDP.The UK ranks high in the annual global competitiveness report . They currently records $ 2.76 trillion GDP and GDP per capita $39,229. Further GDP purchasing power parity is $2.98trillion.


6.    India

The republic of India is a federal democracy that consists of 28 states and 8 union territories. It is the largest democracy and the 6th largest economy in the world. Since 2014,the rate of foreign direct investment (FDI) inflows to India has grown steadily as some key policy changes were incorporated by government to facilitate the same. GDP of India is $2.66 trillion and GDP per capita is $ 1877.


7.    France



France is the 7th largest economy in the world. Their main income is tourism industry. The value of imports and exports comprise 63% of the country’s GDP. Strong protection of property rights and efficient regulatory framework encourage investors. GDP level of France in 2022 is 2.63 trillion and GDP per capita is $39257.


8.    Italy



Italy economy is the 3rd largest in the Eurozone and the 8th largest by GDP. In addition to its sizeable economy, Italy is one of the most influential countries in Europe. They have recorded $1.88 trillion. Further they have GDP per capita $ 30657 . Italy is diversified economic growth is propelled by the consumer goods industry. GDP’s expenditure side included 61% of households consumption.

9.    Canada



Canada has a mainly service based economy. The threshold for foreign investment in Canada is CAD 5 million for direct investments and CAD 50 million for indirect investments. Canada GDP in 2022 is $1.64 trillion. It also has extensive trading ties with many nations due to its bilateral and regional free trade agreements.

 10.          South Korea



South Korea has recorded $ 1.63 trillion GDP in 2022. In 1960 south Korea was considered as a developing country. South Korea places great importance of education, innovation and investment into research and development. The Country has high skilled workforce earnings a high median household income. GDP pf the country consist 59% from service sector, Industry 38% and agriculture 2%

 

 

 

 

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