Question: Who Is Number 1 Economy In The World?

What is the world’s largest economy 2020?

ChinaIn 2020, the gap is expected to reduce to $7.05 trillion, and by 2023, the difference would be $5.47 trillion.

In terms of GDP in PPP, China is the largest economy, with a GDP (PPP) of $25.27 trillion..

Which country is the poorest in Asia?

Poorest Asian Countries 2020North Korea. Based on available data, North Korea is the poorest country in Asia, with a per capita GDP of just $651. … Nepal. Nepal is the second-poorest country in Asia. … Tajikistan. With a GDP per capita just above Nepal’s at $729, Tajikistan is the third-poorest country in Asia. … Yemen. … Kyrgyzstan. … Cambodia. … Myanmar. … Syria.More items…

Who has the best economy in the world 2020?

The Current Top Economies 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. The United Kingdom at $3 trillion in 2019 and an estimated $3.2 trillion in 2020. India at $2.9 trillion in 2019 and an estimated $3.3 trillion in …

Who is richer USA or China?

Both country together share 40.75% and 34.27% of total world’s GDP in nominal and PPP terms, respectively in 2019. … Per capita income of United States is 6.38 and 3.32 times greater than of China in nominal and PPP terms, respectively. US is the 8th richest country of the world whereas China comes at 72th rank.

What is the best country in the world?

Switzerland. #1 in Best Countries Overall. … Canada. #2 in Best Countries Overall. … Japan. #3 in Best Countries Overall. … Germany. #4 in Best Countries Overall. … Australia. #5 in Best Countries Overall. … United Kingdom. #6 in Best Countries Overall. … United States. #7 in Best Countries Overall. … Sweden. #8 in Best Countries Overall.More items…

Which country has the fastest growing economy in the world?

GuyanaWith a projected 26.21% growth in 2020, Guyana is the fastest growing economy in the world. Guyana’s growth is expected to come in at: 12% in 2021.

Which country has the most potential?

Here are the Millennial’s Pick: Best Countries for Economic Potential in 2016Thailand.India.Brazil.Japan.Singapore.China.

Who is the poorest person in the world?

man Jerome KervielThe world’s poorest man Jerome Kerviel has handed himself in to French authorities. Jerome Kerviel, the ex-Societe Generale trader who has more debt than anyone else in the world, has turned himself in to French authorities to begin a three-year jail sentence.

Who is the richest country in the world 2020?

QatarAdvertisementRankCountryGDP-PPP ($)1Qatar132,8862Macao SAR114,3633Luxembourg108,9514Singapore103,181105 more rows•Aug 3, 2020

What country has the best economy?

Best Countries Overall Rank: 1Germany.Denmark.Japan.Australia.Sweden.Netherlands.Norway.Austria.More items…•

Which country is the richest?

The United StatesUnited States is the richest country in the world, and it has the biggest wealth gap. The United States led the world in growth of financial assets last year thanks to tax cuts and booming stock markets, but its distribution of wealth was more unequal than in any other country, according to a study published Wednesday.

Which is the fastest growing country?

The 5 Fastest Growing Economies In The WorldGuyana. With a projected growth rate of 16.3% during the four-year period 2018-2021, Guyana is the fastest growing economy in the world. … Ethiopia. … Rwanda. … Bangladesh. … India.

What are the 10 largest economies in the world?

With the help of our panelists, we examine how this phenomenon will play out in the coming years.United States: USD 24.9 trillion in 2023. … China: USD19. … Japan: USD 5.7 trillion in 2023. … Germany: USD 4.6 trillion in 2023. … India: USD 4.3 trillion in 2023.

Which country will be superpower in 2050?

China, India, and the United States will emerge as the world’s three largest economies in 2050, with a total real U.S. dollar GDP of 70 percent more than the GDP of all the other G20 countries combined. In China and India alone, GDP is predicted to increase by nearly $60 trillion, the current size of the world economy.

What are the 5 poorest countries?

With that said, let’s have a look at the poorest countries in the world according to the FocusEconomics Consensus Forecast for 2019 nominal GDP per capita.Democratic Republic of Congo. 2017 GDP per Capita: USD 439. … Mozambique. 2017 GDP per Capita: USD 429. … Uganda. … Tajikistan. … Yemen. … Haiti. … Ethiopia. … Tanzania.More items…