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top 5 world's richest countries
- 2. 1.USA GDP: $26,854 B GDP by Country Per Capita: $80,030 Annual GDP growth rate: 1.6% • USA preserving its pinnacle position of world’s richest country from 1960 to 2023.•It is home to several major global corporations and financial institutions. •The USAs stock markets, such as the New York Stock Exchange, are some of the largest and most influential globally. • The country’s vast natural resources and agriculture productivity support its economic prosperity.
- 3. 2.CHINA GDP: $19,734 B GDP by Country Per Capita: $13,720 Annual GDP growth rate: 5.2% • China has the second largest economy in the world, following the USA, with a high nominal GDP. • It is a global economic powerhouse and a major player in international trade and manufacturing. • China’s rapid economic growth has been fuelled by industrialization, urbanization and export-oriented policies. • China’s rapid economic growth has been fuelled by industrialization, urbanization and export-oriented policies.
- 4. 3.JAPAN GDP: $4,410 B GDP by country Per Capita: $35,390 Annual GDP growth rate: 1.3% • Japan has the third largest economy in the world, following USA and China with a high nominal GDP. • Japan is known for its advanced technological and industrial prowess, contributing to the economic growth. • Japan is a global leader in manufacturing, particularly in the automotive and electronics sector. • The nation’s efficient infrastructure and transportation networks support its economic activities.
- 5. 4.GERMANY GDP: $4,430 billion GDP By Country Per Capita: $52,820 Annual GDP Growth Rate: -0.1% • The German economy places a strong emphasis on exporting and is well-known for its precision in industries such as engineering, automotive, chemicals and pharmaceuticals. It benefits from a skilled workforce, robust R&D efforts and a strong dedication to promoting innovation.
- 6. 5.INDIA • GDP: $3,730 billion • GDP By Country Per Capita (Nominal): $2,610 • Annual GDP Growth Rate: 5.9% • In the 2023 global GDP rankings, India holds the 5th position, India’s economy is marked by its diversity and rapid expansion, primarily driven by critical sectors like IT services, agriculture and manufacturing. The country leverages its vast domestic market, a young and tech-savvy workforce and a growing middle class to fuel its economic growth.
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