Top 10 Biggest Economies in the World 2020 (Nominal GDP)

Top 10 Biggest Economies in the World 2020 (Nominal GDP)

This video shows the World GDP rankings for the top 10 countries based on nominal GDP.

 GDP (Gross Domestic Product)
========
GDP is the final value of the goods and services produced within the geographic
boundaries of a country during a specified period of time, normally a year.
GDP growth rate is an important indicator of the economic performance of a country.

Nominal GDP
========
Nominal GDP is an assessment of economic production in an economy but includes the current
prices of goods and services in its calculation. GDP is typically measured as the monetary
value of goods and services produced.

USA, China and Japan are the top economies in the world.
In the Nominal GDP List, USA and China occupy the first and the second position respectively
with GDP of $22,321 and $15,269 (in billions).

Japan, Germany and India would follow them as the biggest economies followed by France,
United Kingdom, Italy, Brazil and Canada.

China and India have the highest GDP growth rates among these countries with US, Canada and Germany
having the highest GDP per Capita.

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