Largest Economies Countries in World - GDP ranking 2020


2/26/20

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The United States economy is the world's largest economy, this is not new information. China is moving forward, everybody knows. However, the latest information is that for the first time, removing the UK and France ,India has  and  come into the fifth largest economy .
Top 8 countries GDP rate  


The United States-based research firm World Population Review provided this information by analyzing the economy of 2019. It turns out that the gross domestic product (GDP) of the world economy is about 91.98 trillion dollars. Another new information from the world economy is that the economies of the three countries have surpassed trillion dollars. It is important to remember, 1 trillion means 1000 billion.

Top five economics countries  :

1. United States: The United States has been the number one economic country in the world for the past 149 years. The economy of the country is now $ 21.44  billion . But it is part of the International Monetary Fund (IMF) - $ 22.25 trillion. The United States is in second place with $45 billion  in most natural resources.

2. China: The size of China's economic country is now $ 14.14 trillion. The country's natural resources amount to $ 23 trillion. From 1989 to 2019, China's average growth rate has grown at a very high rate, 9.52 percent. Of these, the 6.1 percent growth rate achieved in 2019  is the lowest in the last 29 years. The trade war with the United States after that  Coronavirus , What is the impact on the economy in the end? it is now a matter to see.

3.Japan: The country's economy size is 5.15 trillion dollars. the world's third largest economy country largest industrial sector are the Electronic products  . Japan is number one in the world in this regard. The country has not yet been able to cope with the financial meltdown of the 2008. But everyone hopes that the 2020 Olympics can take Japan's economy forward.

৪. Germany: Germany is the fourth largest economy in the world. The economy of the country is $4 trillion . Germany is at the forefront of the economy leading to the fourth industrial revolution. Germany is the best manufacturer of cars, heavy machinery, home appliances and chemicals
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5. India: India is now the fifth largest economy in the world. The size of their economy is $2.94 trillion . The goal of the country was to increase their GDP by $ 3 trillion this year, and by 2025 it would be $ 5 trillion. If that happens, India might outgrow Germany. India's service sector is now the fastest growing sector in the world. The services sector contributes 60 percent to the economy and accounts for 28 percent of total employment.

The remaining five in the top ten are the United Kingdom, France, Italy, Brazil and Canada respectively. And Bangladesh is the world's 41th economy in the IMF list. Bangladesh's GDP size is $ 341.28 billion.

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