The ranking of world economies is compiled annually and often brings some changes. Although everyone knows the leaders, as they say, “in person”, and here they have remained unchanged for several years. The basis of this rating is the study of the economic development of states. It includes almost all countries, which makes the study one of the most significant for understanding the general picture of the world.
GDP as an indicator of economic development
If we calculate the entire value of goods and services produced in the territory of a single country, we get the indicator of Gross Domestic Product, in other words, GDP. Thus, this indicator gives an estimate of the volume of economic production in general. If, for example, we take two countries, Kazakhstan and Portugal, which occupy 46 and 47 positions in the ranking, respectively ($ 203.1 and 201 billion), the unreliability of economic development to the position in the list becomes obvious. Portugal at the base of its profit has finished products, i.e. the whole production cycle takes place here. The basis for Kazakhstan is the export of minerals, and the development is due to extensive production, which cannot last long. Although in recent years there have been prospects for intensification, they are episodic and practically do not make changes to the overall picture. So, we turn to the ranking of the Top 5 world economy in 2015.
No. 5 - United Kingdom
Last year, the brilliant work of the Parliament and the country's economic system allowed England to break into the Top 5, overtaking France. This country has a long financial and industrial history. She has no equal in this matter. The Central Bank works exclusively, industry exports chemicals, light and heavy industrial products, engineering plays a huge role, high technology. Of great importance is the service sector and tourism.
But the main role in the indicators belongs to the financial guru and the Central Bank of the country, it is they who are pursuing the policy of stabilizing the pound, which affects the indicators of GDP, and it amounts to 2853.4 trillion. USD
No. 4 - Germany
This country has been and remains a leader for many years. Germany is a post-industrial country, on the basis of which industry occupies only 20% of the country's GDP. Just think, many people think that the basis of development is engineering with its BMW, Volkswagen, Audi, Maybach, Mercedes-Benz, Porsche and others, light and heavy industry. But, as it turned out, the main is the service sector, agriculture and education. Science is of great importance, it is its development that allows Germany to make discoveries, new inventions, which immediately give way to the market. All this, coupled with the skillful financial activities of the government of the country gives 3413.5 trillion. USD and provides the 4th step of the rating “World economies of the world”.
No. 3 - Japan
The chain of islands in the East, which is called the country of the rising sun, has simply amazing economic indicators. If we take into account the fact that Japan practically does not own minerals and other natural resources. For many years she has been competing with the USA in the field of high technologies and inventions, and who is the leader here is a big question. It is no coincidence that robotics exhibitions are held mainly in Japan. And everyone knows that if the purchased equipment is printed “made in Japan”, this gives an unspoken guarantee of its quality, which is worth only one SONY company. Of great importance is the mentality of the Japanese - amazing performance and responsibility. They have it in the blood! The economies of the countries of the world are indirectly dependent on Japan, more precisely on the Tokyo Stock Exchange, which has an impact on many financial events. Traditionally, this country supplies high-quality cars to the world markets, such as Toyota, Honda, Mitsubichi, Mazda and others, household appliances, computers and other electronics. The role of the banking system is also very high. All this provides Japan with a well-deserved rating bronze. The country's GDP is 4, 210.4 trillion. USD
No. 2 - China
The PRC is not a country of a postindustrial character, but it has become so embroiled in development that the world economy, at least most countries, has become envious of it. GDP - 11211.9 trillion. USD! This is the second position. China is confidently crowding the United States and, according to analysts, in less than 10 years, its economy could become the first in the world, ahead of America. And this is no coincidence, GDP growth is 10% annually, not a single state of our rating can boast of such an indicator. China is the undisputed leader in the export of finished products. It can be said that the PRC dresses and clothes all the CIS countries, but what about the CIS, goods from Chinese factories are abundantly represented on the markets of Western Europe and America. The PRC industry has long had no equal, but in addition to it, space technologies, construction and mining of rare metals used in electronics are developing, which is why China has a huge number of companies manufacturing modern computer technology. It turns out that even the well-known Apple company located production in China.
No. 1 - USA
For many years in a row, the USA is an incomparable leader in terms of GDP. The main advantage of America is the dollar, it acts as a reserve currency for more than 50% of the countries of the world, and the States skillfully use it. But do not think that only the dollar puts this country on the first line of the rating. The US industry, high and information technologies, the services market - everything is developing here, and the dollar supports this development. The world economy is directly dependent on the situation in the United States. Therefore, if economic difficulties begin in America, they occur in most countries of the world. Recall at least the “depression” of the early 30s of the 20th century. By lowering quotes on the New York Stock Exchange, one of the most powerful global economic crises in human history has begun. Regarding the GDP of the leader of the rating, it is at around 18124.7 trillion. USD and is 30% of the global total.
The economic miracle of 2016
If we divide all the state’s earnings by the number of inhabitants of the country, we get the figure of GDP per capita and the rating here is completely different, in which the above leaders are not even in the top ten. Qatar, Luxembourg, Singapore, Brunei, Kuwait ranks from 1 to 5 place respectively in this rating, where the economy is determined. The world around here plays an important role. Three of the five leaders occupy positions due to their advantageous geographical location on the Persian Gulf coast and almost 100% of their exports are hydrocarbons.
