World's TOP20 largest economies by Nominal GDP (1980- 2026) |TOP 10 Channel

TOP20 largest economies by Nominal GDP in the world (1980- 2026) - latest update in 2021 by #TOP10Channel
Data: IMF, 2021
Keywords: #TOP10Channel, #world, #NominalGDP
Gross Domestic Product (GDP) is the monetary market value of all final goods and services made within a country during a specific period. GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes.
The world GDP is the added total of the gross national income for every country in the world. Gross national income takes a country’s GDP, adds the value of income from imports, and subtracts the value of money from exports. The value of gross national income, GNI, differs from that of GDP because it reflects the impact of domestic and international trade.
When the GNIs of every country in the world are added together, the value of imports and exports are in balance. The world economy consists of 193 economies, with the United States being the largest.
As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it’s projected to be $88,081.13 billion in 2019. In 2018, the growth rate for the world GDP was 3.6%.
What are the largest economies in the world? According to the International Monetary Fund, these are the highest-ranking countries in the world in nominal GDP:
United States (GDP: 20.49 trillion)
China (GDP: 13.4 trillion)
Japan: (GDP: 4.97 trillion)
Germany: (GDP: 4.00 trillion)
United Kingdom: (GDP: 2.83 trillion)
France: (GDP: 2.78 trillion)
India: (GDP: 2.72 trillion)
Italy: (GDP: 2.07 trillion)
Brazil: (GDP: 1.87 trillion)
Canada: (GDP: 1.71 trillion)
The three largest economies in the world as measured by nominal GDP are the United States, China, and Japan. Economic growth and prosperity are impacted by a wide array of factors, namely investment in workforce education, production output (as determined by investment in physical capital), natural resources, and entrepreneurship. The economies of the U.S., China, and Japan all have a unique combination of these factors that have led to economic growth over time.
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Disclaimers:
In this video, the term "country" here includes sovereign states and dependent territories. The presentation of the information in this video does not imply the expression of any opinion whatsoever concerning the legal status of any country, territory, city, or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Although the video tries to provide the most plausible information it does not warrant that the information contained in the video is complete and always correct and it shall not be liable whatsoever for any damages incurred as a result of its use.
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[Newjeans_]

*Fun Fact : The 3 largest Country in North America is in top 20 largest economy in the world*

[Newjeans_]

*Our national debt is bigger than our nominal 😭*

[madebyme]

The country with smallest area in the list: Taiwan

[TOPChannelYT]

*World's TOP20 largest economies by Nominal GDP (1980- 2026) |TOP 10 Channel*

[madebyme]

North America is the only continent with all its countries listed here.

[TOPChannelYT]

#TOP10Channel presents the video TOP20 largest economies by Nominal GDP in the world (1980- 2026) based on reported Nominal GDP in the last 41 years 1980-2021 and predicted Nominal GDP for next five year 2022-2026 of IMF.

[TOPChannelYT]

Keywords: #TOP10Channel, #world, #NominalGDP

[madebyme]

Africa is the only continent without any countries joining the list

[madebyme]

The country with smallest population in the list: Netherlands

[viettrinhquoc]

Next decade: China, U.S., Japan, Germany

[mielli]

Top 10, 4 From Western Europe, 3 From East Asia, 2 From North America

[johndavepabuaya]

If mexico and brazil are not corrupt country, i think their economy is much bigger than canada..

[harshyadavovic]

Why they omitted USSR? Ussr was the second largest economy in the 80s. They included Russia in the 90s whose economy was less than half of Soviet's.