TOP 10 RICHEST COUNTRY IN THE WORLD 2020 BY GDP

TOP 10 RICHEST COUNTRY IN THE WORLD 2020 TOP 10 GDP IN THE WORLD 2020
The GDP is projected Based of Each countries current economic performance and investments which includes at top the United States, China, India, Japan, France, Philippines, Turkey, etc..
#TOP10 #RICHESTCOUNTRY #GDP

The world’s tenth biggest economy is just ahead of Russia.

Nominal GDP: $1.82 trillion
GDP (PPP): $1.93 trillion

Why does Canada have a high GDP?
1. Fourth highest in total natural resources.
2. Called as an energy superpower because it has the third biggest proven petroleum reserves.
3. Stability in Government & ranks among the least corrupt country in the world.
4. Highly globalized economy.



Brazil is South America’s most populated and biggest country.

Nominal GDP: $1.847 trillion
GDP (PPP): $3.456 trillion

Why is brazil a rich country?
1. An enormous amount of natural resources like gold, uranium, iron, and timber.
2. The booming manufacturing industry as exports is increasing.

Italy holds the eighth position in world economy ranking

Nominal GDP: $2.072 trillion
GDP (PPP): $2.397 trillion

What is Italy’s economy based on?
1. It is among eight largest exporters in the world.
2. Profitable exports include high-quality automobile, naval, industrial, various appliances, agricultural products, wine (Italy is the largest wine producer).
3. It is the third biggest luxury hub in the world & the biggest in Europe.

France’s economy accounts for about one-fifth of the European Union’s total gross domestic product (EU GDP).

Nominal GDP: $2.761 trillion
GDP (PPP): $3.054 trillion

Why is France so wealthy?
1. Tourism is an important factor, as France is the most visited tourist destination in the world.
2. Sixth largest agricultural producer in the world & EU’s biggest.
3. It focuses less on the import of fossil fuels, as most of its energy requirements are self-reliant.
4. Fourth largest Military & Arms exporter in the world.
5. Exports include aeronautics, pharmaceutical products, metals, and beverages

The UK, with a GDP of $2.829 trillion, holds the sixth spot in GDP by country in 2019-2020.

Nominal GDP: $2.829 trillion
GDP (PPP): $3.128 trillion

Why the UK is so rich?
1.Highly mechanized & efficient Agricultural sector.
2. Strong Financial & Service based sector.

The nation lists the third position as the largest economies in the world 2020 when comparing GDP of $11.468 trillion in purchasing power parity.

Nominal GDP: $2.972 trillion
GDP (PPP): $11.468 trillion

Why is India a developing country?
1. Energy-wise, India is the second-largest coal producer, the second-largest steel producer, and the third-largest electricity producer in the world.
2. Biggest exports include refined petroleum products, agricultural products, precious gems and jewelry, machinery, Pharma, IT services, Textile, etc.

Germany is not only the largest but also the strongest economy in Europe.

Nominal GDP: $4 trillion
GDP (PPP): $4.356 trillion

Why is Germany so rich?
1. German machinery manufacturing is very high compared to its peers for this its exports are more valuable than other manufacturing exporters in the world (like China).
2. Low national spending & stable interest rates.
3. Good in natural resources spend less on imports.

In terms of nominal GDP projections, the Japanese economy stands third at USD 5.2 trillion in 2019.

Nominal GDP: $5.18 trillion
GDP (PPP): $5.75 trillion

Why is Japan so rich?
1. Overall national philosophy in all aspects of high efficiency which includes manufacturing, services & governance with an emphasis on investment.
2. Active promotion of Big & Small corporate companies into a globalized market.

The Chinese economy has seen exponential growth, breaking down the obstacles of a centrally planned communist economy to become the world’s production and export hub.

Nominal GDP: $14.2 trillion
GDP (PPP): $27.3 trillion

How China is developing so fast?
1. Despite being a communist country by adopting ‘Economic Capitalism’ it opened doors to a new Globalized Market.
2. Extreme Manufacturing & low costs exports.
3. An authoritarian government who has to focus long term plans rather than short term policies to please public.
4. Very low artificial interest rates.

Since 1871, the U.S. has maintained its place as the world’s biggest economy.

Nominal GDP: $21.3 trillion
GDP (PPP): $21 trillion

Why USA is so rich?
I frankly cannot answer this question in a very short answer, the main reason is,
America was, is & will be forever Land of Opportunity which attracts talent all across the world since the country formed.