GDP (Nominal) Ranking
| Code | Country/Economy | GDP (Nominal) (billions of $) |
|---|
| Rank |
|---|
| World | |
| USA | United States | 1 |
| CHN | China | 2 |
Despite its massive GDP, California has been ranked the fourth-best economy in the US. California was ranked the fourth-best US state economy by the personal finance website Wallet Hub. Despite having a GDP that would rank among the largest in the world, the ranking looked at more than the crucial number.
California is a state in the Western United States. The economy of California, with a gross state product of $3.2 trillion as of 2019, is the largest sub-national economy in the world. If it were a country, it would be the 37th most populous country and the fifth largest economy as of 2020.
However, the biggest industries in California are agriculture, film industry, and services sector (including tourism).
- Agriculture. California is the leading state in the US in terms of income derived from agricultural activities.
- Services.
- Film.
- Manufacturing.
In terms of GDP rankings, here are the 10 wealthiest cities in the world today.
- Tokyo, Japan. GDP: $1,520 billion.
- New York, USA. GDP: $1,210 billion.
- Los Angeles, USA. GDP: $789.7 billion.
- Seoul, South Korea. GDP: $779.3 billion.
- London, England. GDP: $731.2 billion.
- Paris, France. GDP: $669.2 billion.
- Osaka, Japan.
- Chicago, USA.
Finland has been named as the #1 country in the world in 2021 for Quality of Life, according to the CEOWORLD magazine 2021 report, while Denmark and Norway placed second and third, respectively.
The World's Best Countries For Quality of Life, 2021.
| Rank | Country | Score |
|---|
| 11 | United Kingdom | 90.68 |
| 12 | Canada | 90.3 |
| 13 | South Korea | 89.67 |
| 14 | United States | 89.11 |
India. With a GDP of $2171 per Capita, India comes towards the bottom of our list of poorest countries. A mind-boggling one-fifth of the country's 1.3 billion people live below the national poverty line. For comparison, that's roughly 320 million people or the entire population of the US.
National wealth can fluctuate, as evidenced in the United States data following the 2008 financial crisis and subsequent economic recovery.
Total wealth by country.
| Country (or area) | China (more) |
|---|
| Region | Asia |
|---|
| Total wealth (USD bn) | 74,884 |
|---|
| % of world | 18% |
|---|
| Wealth-to-GDP ratio (2017–19) | 4.470 |
|---|
The Centre for Economics and Business Research has forecast India will become the world's third largest economy by 2030. It will overtake the UK in 2025, Germany in 2027 and Japan in 2030.
In 2025 India is the third largest economy in the world, after US and China, with its share to global output ranging between 12–15%. High growth rate, increasing technological capabilities, efficient democracy and growing influence in the region encourage strong relations with the US.
India will be the world's third-largest economy by 2031, Bank of America projects. Analysts predict that in the next decade, India's economy will overtake Japan and Germany, and will rank behind the United States and China among the most powerful economies in the world.
India as a Population SuperpowerIt is expected that, in 2020, the average age of an Indian will be 29 years, compared to 37 for China and 48 for Japan; and, by 2030, India's dependency ratio should be just over 0.4. This provides the nation with a large workforce for many decades, helping in its growth.
Egypt, Nigeria, Morocco, and Kenya followed, establishing the five wealthier markets in the continent.
Total private wealth in Africa as of 2020, by country (in billion U.S. dollars)
| Characteristic | Wealth in billion U.S. dollars |
|---|
| South Africa | 604 |
| Egypt | 282 |
| Nigeria | 207 |
By 2050, Met Office scientists think the climate could have warmed by 1.7°C under a high emissions scenario, and by 1.3°C if action is taken to reduce emissions. The headline from the Met Office is that the UK is likely to experience more hot, dry summers and warmer, wetter winters.
The global economic balance is expected to change significantly between now and 2050. By 2050, Asia's share of the global market share of GDP will grow to over 50% (driven largely by China and India). North American and Europe will account for about 20% each, while the rest of the world will account for less than 10%.
It is the fifth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power parity (PPP), and twenty first-largest by GDP per capita, constituting 3.3% of world GDP.
Britain is the 'world's second-most powerful country' beating China, Russia and France, experts reveal.
France stands at $2.7 trillion, the UK at $2.2 trillion, Italy at $2.1 trillion.
In terms of Gross Domestic Product, the UK is the fifth richest country in the world. On this scale, according to the World bank, Britain is the 23rd richest out of 193 countries, with a GNI of $42,000 per person, compared with one of the poorest, Burundi, with an income of just $280 per person a year.
India had overtaken the UK in 2019 to become the fifth largest economy in the world but has been relegated to 6th spot in 2020.
Grant Shapps predicts Britain will overtake Germany to become largest economy in Europe by 2050. Britain will overtake Germany to become the largest economy in Europe by 2050, Transport Secretary Grant Shapps is predicting.
The gross domestic product of the British economy was 1.96 trillion British pounds in 2020, making it the sixth largest global economy, behind the United States, China, Japan, Germany, and India.
