Top 10 Biggest Economies in the World 2013
India officially the Republic of India is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Included in this exclusive list of the biggest economies in the world today is India. This booming economy in Asia has an average growth rate of seven percent annually since 1997. India has tapped its large population who is educated and can speak English to become a top exporter of services in information technology and business outsourcing.
#9 Italy, $2.1 trillion dollars
Italy officially the Italian Republic is a unitary parliamentary republic in Southern Europe. The ninth biggest economy in the world today is Italy, which is known for its highly diversified industrial sectors, developed infrastructure, and high GDP per capita. It is a founding member of the G7, G8, the Eurozone and the OECD. Italy belongs to a few elite clubs of wealthiest economies, including the European Union (EU), Organization for Economic Co-operation and Development (OECD), G7, and Group of Eight (G8), which serves as a forum for the governments of the eight wealthiest countries in the world.
#8 Russia, $2.2 trillion dollars
Russia also officially known as the Russian Federation is a country in northern Eurasia. Russia has a market economy with enormous natural resources, particularly oil and natural gas. It has the 8th largest economy in the world by nominal GDP. The country is also known for its steel and machinery industries.
#7 United Kingdom, $2.4 trillion dollars
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a sovereign state located off the north-western coast of continental Europe. It is one of the biggest economies in the continent after Germany and France. U.K. has been known for its robust industries in agriculture (top products include fish, poultry, sheep, and cattle), electronics and communication, metal, manufacturing, and other consumer goods.
#6 Brazil, $2.5 trillion dollars
Brazil officially the Federative Republic of Brazil is the largest country in both South America and the Latin American region. Regarded as the economic giant in South America, Brazil's economy is buoyed by a number of factors, including well-develop sectors in manufacturing, mining, service, and agriculture. Brazil has a mixed economy with abundant natural resources. Its current GDP (PPP) per capita is $10,200, putting Brazil in the 64th position according to World Bank data.
#5 France, $2.7 trillion dollars
France officially the French Republic is a unitary semi-presidential republic in Western Europe, with several overseas regions and territories. One of Europe's economic heavyweights, France has the largest economy in the continent next to Germany and the fifth biggest economy in the world according to 2013 estimates. France has a mixed economy which combines extensive private enterprise (nearly 2.5 million companies registered) with substantial state enterprise and government intervention. Some of the well-known brands in the world are owned by French companies: AXA in the world of insurance; L'Oreal in the field of cosmetics; Sanofi Aventis; pharmaceuticals; LVMH, luxury products; and Lafarge, cement; among others.
#4 Germany, $3.6 trillion dollars
Germany officially the Federal Republic of Germany is a federal parliamentary republic in western-central Europe. Regarded as Europe's largest national economy, Germany is considered as having the fourth biggest economy this year, according to estimates made by the IMF and World Economic Outlook. Germany has a social market economy with a highly skilled labour force, a large capital stock, a low level of corruption, and a high level of innovation. It has the largest and most powerful national economy in Europe. Germany's economy is a force to reckon with in terms of machinery, motor vehicles, electric equipment, pharmaceuticals, among others.
#3 Japan, $5.1 trillion dollars
Japan literally is an island nation in East Asia. Since its disastrous defeat in World War II, Japan has made great leaps and bounds to become one of the biggest economies around the world. Many of today's enterprises were founded at the time, and Japan emerged as the most developed nation in Asia. While relatively small compared with other countries, its agricultural sector is among the most profitable globally. Japan is a member of the influential G8 and other elite groups of wealthiest states in the world.
#2 China, $9 trillion dollars
China officially the People's Republic of China (PRC), is a sovereign state located in East Asia. It is the world's most populous country, with a population of over 1.35 billion. It is now regarded as the fastest-growing economy (with growth average rates of 10 percent over the past three decades) as well as the largest exporter in the world. Since economic liberalization began in 1978, China's investment and export-led economy has grown more than a hundredfold and is the fastest-growing major economy in the world. China is also regarded as the second biggest importer in the world in terms of goods.
#1 United States, $16.2 trillion dollars
The United States of America (USA or U.S.A.), commonly referred to as the United States (US or U.S.), America, or simply the States, is a federal republic consisting of 50 states and a federal district. For at least almost a century now, the United States has consistently ranked as the biggest national economy in the world. The United States has a capitalist mixed economy, which is fueled by abundant natural resources, a well-developed infrastructure, and high productivity. Around the world, the United States is regarded as the largest manufacturer in the world, producing a fifth of the entire manufacturing output of the world. In 2012, the GDP of the United States was $15.685 trillion, with a GDP growth of 2.2 percent.
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