It is the 78th-largest country and the 21st most populous nation with a population exceeding 66.0 million. U.K. is a parliamentary democracy having a constitutional monarchy. Italy, with a population of about 61 million, is the fourth most populous EU member state. It was the first industrialized country and the world’s foremost power during the 19th and early 20th century. IMF provides economic data for 33 countries in Latin America and the Caribbean. A nation’s debt is different from the money consumers borrow from banks or credit cards. It is one of the world’s best places to live and work, boasting an excellent education and healthcare system. Among the industries, the automotive and aerospace industries employ the maximum people and generate employment, as well as turnover and revenues. China is the world’s second-largest economy by nominal GDP. var r = Math.floor(Math.random() * (9999 - 0 + 1) + 0); It stands sixth in military expenditure in the world. Brazil is an emerging global power. United States leads the world top-20 list with 24.4% share of the world total GDP. World top-20 countries by GDP will account for 80.7% of the world total GDP in 2019. In 1949, after the Chinese Civil War, the Communist Party of China established the People’s Republic of China. We will provide the share of the countries in the world’s total GDP as well as in their continent’s total GDP. The automotive industry constitutes an important segment of the Italian manufacturing sector. The remaining 173 countries … Canada is an advanced country with a high per-capita GDP. Nominal GDP in billion dollars = 51.62. The citizens enjoy a good education, health care, life expectancy, and human development. Coronavirus; Population; W; GDP; GDP by Country; GDP by Country. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. Asia share of the world total GDP would be 36.7%. Kenya #6. Japan has a highly skilled workforce, and its citizens are among the most highly educated in the world. We respect your privacy. The Indian economy was the world’s sixth largest by nominal GDP in 2017. Ghana. The countries world GDP share comparison can help us quickly see how much bigger the economy of one country is, as compared to the other. After decades of rapid economic expansion, Japan has been struggling with an aging population, falling inflation, and low economic growth. Brazil is the largest economy in Latin America. The automotive industry of Germany is the fourth largest by volume. India has been one of the world’s fastest-growing economies for more than a decade, but 2019 is not a particularly good year for the Indian economy. The 2017 results are a recognisable update of the 2011 update, and not a radical remapping of the world’s economic geography. India’s GDP growth has fallen below 5% for the first time in years. This is what makes USA such a BIG super-power. Asia top-20 countries by GDP will account for 96.0% of the Asia total GDP in 2019. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. It’s the money a central government has borrowed and is supposed to repay with interest. Here we are going to look at the gross outstanding debt of a country instead of its debt-to-GDP ratio. China also has the world’s largest standing army. Only four among the top 20 richest countries increased their GDP scores from 2019 to 2020 … With a population of more than 208 million, it is the sixth most populous country in the world. Brazil is in the group of four rapidly emerging economies called BRIC countries; the acronym stands for Brazil, Russia, India, and China. Philippine Daily Inquirer - 9/30/2020 1:12:00 AM