World $84.83 trillion
The world economy is valued at $84.83 trillion. After galloping for the last two successive years, the world economy is showing signs of weakening, with the US, China and Europe all facing the rising threat of a slowdown. The world economy is currently valued at $84.83 trillion. And these are the top 10 economies.
US $20.51 trillion
United Stated is the largest economy of the world with a share of 24.17%. The US has a highly diversified industrial sector. It is also a high-technology innovator with the second-largest industrial output in the world. The nation's economy is fuelled by abundant natural resources, a well-developed infrastructure, and high productivity.
As per Goldman Sachs US GDP growth will slow to 1.8% in the third quarter of 2019 and to 1.6% during the fourth quarter. China $13.45 trillion
China is the second largest economy of the world with a share of 15.85%. China is the world's largest economy by GDP (PPP). Until 2015, China was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years. China is also the world's largest manufacturing economy and exporter of goods.
Japan $5.07 Trillion
Japan is the third largest economy of the world with a share of 5.97%. Japan is a highly developed and market-oriented economy. It is the fourth-largest by GDP (PPP). Japan is the world's third largest automobile manufacturing country. It has the largest electronics goods industry, and is often ranked among the world's most innovative countries with several global patent filings.
Germany $4.03 Trillion
Germany is the fourth largest economy of the world with a share of 4.75%. The economy of Germany is a highly developed social market economy. It is the fifth largest by GDP (PPP). In 2017, the country accounted for 28% of the euro area economy, according to the IMF. Germany is a founding member of the European Union and the Eurozone.
United Kingdom $2.81 trillion
United Kingdom is the fifth largest economy of the world with a share of 3.31 %. The economy of the United Kingdom is highly developed and market-oriented. It is the ninth-largest measured by GDP (PPP). The UK is one of the most globalised economies, and it includes the economies of England, Scotland, Wales and Northern Ireland.
France $2.79 trillion
France is the sixth largest economy of the world with a share of 3.28 %. France is the 10th largest economy by GDP (PPP) figures. It is the third largest economy in the European Union after Germany and the United Kingdom. France has a diversified economy. The chemical industry and tourism are the two key sectors.
India $2.69 trillion
India is the seventh largest economy of the world with a share of 3.17%. It is the third-largest by PPP. After the 1991 economic liberalisation, India achieved 6-7% average GDP growth annually. Since 2014, with the exception of 2017, India's economy has been the world's fastest growing major economy, surpassing China.
The long-term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. Italy $2.09 Trillion
Italy is at eighth position with 2.46% share. Italy is the third largest economy in the Eurozone, and the 12th-largest by GDP (PPP). The country is a founding member of the European Union, the Eurozone, the OECD, the G7 and the G20.
Brazil $1.91 trillion
Brazil is the ninth largest economy of the world with a share of 2.25%. The economy of Brazil is the world's eighth largest by GDP (PPP). Brazil has an estimated US$21.8 trillion worth of natural resources which includes vast amounts of gold, uranium, iron, and timber.
Canada $1.73 Trillion.
Canada stands at the tenth position with 2.03% share in the world economy. Canada is a highly developed mixed economy. It is the 16th largest by GDP (PPP). The service sector is strong and employs about three quarters of Canadians. Canada has the fourth highest total estimated value of natural resources, valued at US$33.2 trillion in 2016.