The Top 10 Economies in the World | World General Knowledge
Note: This list is based on estimates for 2017 by IMF’s World Economic Outlook Database, April 2017. Select data is from the CIA World Factbook. (Nominal GDP = gross domestic product, current prices, U.S. dollars, GDP per capita (PPP) = gross domestic product based on purchasing-power-parity (PPP) per capita, current international dollar, and GDP based on PPP = gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP, current international dollar)
1) United States
The U.S. economy remains the largest in the world in terms of nominal GDP. The $19.42 trillion U.S. economy is 25% of the gross world product. The United States is an economic superpower that is highly advanced in terms of technology and infrastructure and has abundant natural resources. However, the U.S. economy loses its spot as the number one economy to China when measured in terms of GDP based on PPP. In these terms, China’s GDP is $23.19 trillion exceeds the U.S. GDP of $19.42 trillion. However, the U.S. is way ahead of China in terms of GDP per capita in nominal terms as well as PPP; GDP per capita (PPP) for the U.S. economy is approximately $59,609 versus $16,676 in China. In nominal terms, China’s GDP per capita further falls to $8,480.
