Ranking World Economies
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The different world economies are calculated based on various factors. Some of the factors taken into account are the purchasing power parity (PPP), market exchange rates and the GDP. Listed below is an overview of the top ranking countries, and major economies of the world based on their GDP, or gross domestic product. |
Let us take a look the top ranking economies for the year 2008 as listed by the World Bank. The first on the list is the United States with US$ 14,204,322 millions. The next to lead is Japan with US$ 4,909,272 millions. The third was China with US$ 4,326,187 millions. Germany was fourth with US$ 3,652,824 millions, while France came in next with US$ 2,853,062 millions. The United Kingdom stood sixth with US$ 2,645,593 millions. Italy was next with US$ 2,293,008 millions, followed by Brazil with US$ 1,612,539 millions. The ninth and tenth were Russia and Spain with US$ 1,607,816 millions and US$ 1,604,174 millions respectively.
2009 forecast as based on August predictions show growth levels in the following economies. The GDP of China shows the major growth followed by India. Brazil will be next with Canada and France close on its tail. It might take a while for the US to grow as the growth level is way below the normal level.
Predictions for 2010 in terms of GDP see a few changes in the trend. The United States may lead with US$ 13,271 billions. Japan may follow with US$ 4,601 billions. China may be next with US$ 2,998 billions. Germany may not be far back with US$ 2,212 billions. The UK may boast of about US$ 1,876 billion GDP. France will have about US$ 1,622 billion and Italy with US$ 1,337 billions. India may be next with US$ 929 billions followed closely by Russia with US$ 847 billions. And lastly we see Brazil with US$668 billions.
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