Top 10 List

Top 10 Youtubers In India Top 10 Apps In India Top 10 Banks In India Top 10 Direct Selling Companies In India Top 10 Games in the World Top 10 Universities in India Top 10 Army in the World Top 10 Face Washes for Men Top 10 GDP Countries in the World Top 10 Hollywood Action Movies Top 10 Home Remedies for Pimples Top 10 IT companies in India Top 10 Martial Artists in the World Top 10 Private Universities in India Top 10 Religions of the World Top 10 Mileage Bikes in India Top 10 Shoe Brands Top 10 Sports Bike In India Top 10 Stock Brokers in India Top 10 SUVs in India Top 10 Perfumes For Men Top 10 Schools In Delhi Top 10 Anime Top 10 Bollywood Movies In India Top 10 Mobiles In India Top 10 Richest Countries In The World Top 10 T20 Players Top 10 Web Series Top 10 Richest Women In World Top 10 Hill Stations Top 10 Desktop Computers Top 10 Best Boarding Schools In India Top 10 Haunted Places In India Top 10 Horror Movies In Hindi Top 10 Richest Bollywood Actors Top 10 PC Games Top 10 Formal Shoe Brands In The World Top 10 Hatchback Cars In India Top 10 Paints Companies In India Top 10 Punjab Singers Top 10 T-Shirt Brands In India Top 10 Temples In India Top 10 Newspapers In India Top 10 Face Wash Top 10 Computer Courses in Demand Top 10 deadliest snakes in the World Top 10 Comedy Movies in Hollywood Top 10 bikes in the world Top 10 Rappers of the World Top 10 bowler in World Top 10 Directors in India Top 10 Engineering College in Pune Top 10 Law College in India Top 10 Romantic Movies Top 10 Currencies in the World Top 10 Face Wash in India Top 10 Cartoons Top 10 Cheapest Cars in India Top 10 Software Companies in India Top 10 Luxury Watch Brands Top 10 Entrepreneurs in India Top 10 Industries in India Top 10 Motivational Speakers in India Top 10 Cricket Bat Top 10 Pharma Companies in the World Top 10 Programming Languages Top 10 Branded Belts Top 10 Whisky Brands Top 10 WWE Wrestlers Top 10 Fastest Land Animals Top 10 Clothing Brands in India Top 10 MBA Colleges in Bangalore Top 10 photo editing apps Top 10 sandals brand in India Top 10 Vitamin D Foods Top 10 body builders in the World Top 10 College In Coimbatore Top 10 Engineering college in Maharashtra Top 10 Martial Arts Top 10 Schools in Mumbai Top 10 mixer grinder Top 10 Romantic novels by Indian authors Top 10 Cutest Dogs in India Top 10 Intelligence Agencies in the World Top 10 Tractors in India Top 10 schools in Jaipur Top 10 fastest bikes in the world Top 10 Malls in India Top 10 Courier Companies in India Top 10 Schools in Chennai Top 10 best medical colleges in the world Top 10 Cycle Brands in India Top 10 Monuments in India Top 10 Navy in the world Top 10 saree manufacturer in Surat Top 10 Astrologers in India Top 10 schools in Hyderabad Top 10 schools in Kolkata Top 10 Schools in Noida Top 10 Smart Band Top 10 Dams in India Top 10 Arts Colleges in Tamil Nadu Top 10 Beauty Tips Top 10 Cement in the world Top 10 Colleges in Canada Top 10 Commerce Colleges in Mumbai Top 10 Copy Paste Job Sites Top 10 Insurance Companies in India Top 10 Chemical Companies in India Top 10 Tourist Places in the World Top 10 IPL players Top 10 Social Media Apps Top 10 Ways to Protect the Environment Top 10 Polluted Cities in the World Top 10 Political Parties in India Top 10 NGOs in India Top 10 beaches in India Top 10 English newspapers in India Top 10 models in the world Top 10 Refrigerator Brands in India Top 10 airlines in the world Top 10 Developed Countries in the World Top 10 motivational movies Top 10 Tollywood Movies Top 10 Water Tanks Brands in India Top 10 best credit cards in India Top 10 Dating Apps in India Top 10 benefits of Triphala Top 10 Door Lock Brands Top 10 DSLR Cameras Top 10 Richest Temples in India Top 10 songs of Neha Kakkar Top 10 Colleges in the World Top 10 Film Industries in the World Top 10 E Rickshaw in India Top 10 Football Clubs in the World Top 10 Engineering Colleges in the World Top 10 Government University in India Top 10 Best Eye Hospitals in India Top 10 English Singers Top 10 Frameworks of Web Applications Top 10 Female Perfume Top 10 Gel Pen Top 10 Indian Movie Top 10 Engineering Colleges in Hyderabad Top 10 Mobiles

Top 10 GDP Countries in the World

Introduction

The economy is the backbone of a country's development. The size of its economy measures a country's development. The greater the size of the economy, the greater is the development in that country. To ascertain or measure the size of an economy, we need to know the value of the GDP of that country. The full form of GDP is Gross Domestic Product. GDP is the monetary amount of all the final goods and services produced within the country's physical boundaries. The GDP growth rate is considered an indicator to measure the soundness of an economy. In simple words, we can say that if a country's GDP increases, the country's economy will flourish. GDP is calculated for a specific period, mainly calculated quarterly or yearly. Let us look at the top ten GDP countries in the world.

1. The United States of America

Top 10 GDP Countries In The World

USA ranks 1st in the world in terms of GDP. The value of the American GDP is around 22.67 trillion dollars. America is the superpower and the most developed economy in the world. It is the most high-tech country in the world. All the leading technological firms originated from America, like Google, Apple, Tesla, etc. America is the hub of innovation. It always stays at the forefront in the field of research and development. America is one of the top exporters and producers of weapons and army tools. Also, the American dollar is the most commonly used currency globally for international transactions. America is one of the oldest democracies; therefore, development also started early in the USA. Due to the early developmental activities, America now has the most developed infrastructure globally. America is also one of the largest petroleum and natural gas producers.

2. China

Top 10 GDP Countries In The World

China ranks 2nd in the world in terms of GDP. The value of China’s GDP is around 16.8 trillion dollars. China is the top developing country globally and also the top tech-producing country in the world. It is the fastest increasing economies in the world. China’s economy is the most successful socialist economy. Over 60% of China's GDP is generated from state-owned enterprises. Foreign investment is very high in China. China has abundant natural resources. It accounts for the largest reservoir of base metals. China is a top manufacturer and exporter of consumer goods. Also, in terms of technology, China stands at the forefront. It has developed a rich pool of technology. China is the largest workforce globally, and it is also a ground of tech unicorns.

3. Japan

Top 10 GDP Countries In The World

Japan stands at 3rd position in the world in terms of GDP. The total value of Japan’s GDP is around 5.39 trillion dollars. Japan is also known by the name ‘The land of the rising sun. It is the 2nd most developed country in the world. Japan has one of the world's largest automobile industries. Many automobile giants of Japan like Hyundai, Suzuki, and Kawasaki are known for their craftsmanship. Japan is also one of the largest electronic goods manufacturers and exporters. Due to the increased competition in technological goods, Japan is currently focused on high-tech goods. Japan's infrastructure is renowned in the whole world. It has one of the most developed infrastructures in the world.

4. Germany

Top 10 GDP Countries In The World

Germany is at 4th position in the world in terms of GDP. The amount of Germany’s GDP is around 4.318 trillion dollars. Germany is the 3rd largest country globally in the list of developed countries. The biggest contributor to Germany's economy is its service sector. Also, Germany is an outstanding exporter of luxury cars like BMW, Audi, etc. Other exports include machinery, electrical goods, pharmaceutical products, chemicals, etc. Germany is also a hub for quality education. It provides free-of-cost education to the citizens of Germany and students from abroad. The software industry is also flourishing in Germany.

5. The United Kingdom

Top 10 GDP Countries In The World

United Kingdom stands at 5th position globally in terms of GDP. The amount of the GDP of the United Kingdom is 3.12 trillion dollars. The United Kingdom is a developed nation. The United Kingdom includes England, Northern Ireland, Scotland, and Wales. During the crown rule, the United Kingdom enjoyed rule over various countries and exploited the resources of other countries for the United Kingdom’s own development. Now the service sector contributes the most to the GDP of the United Kingdom, which measures around 81% of the GDP. The main industry in the United Kingdom is the finance industry. It is the backbone of the United Kingdom's economy. London stands at 2nd position in the world in terms of financial trading. It has a well-established stock market. Their other major industrial sectors are the Pharmaceutical industry and the aerospace industry. The United Kingdom was the origin point of the industrial revolution and was the most high-tech empire in the 18th century.

6. India

Top 10 GDP Countries In The World

India is on the 6th rank globally in terms of GDP. The amount of India’s GDP is around 3.04 trillion dollars. India is the land of tradition and also one of the oldest cultural lands in the world. There was a time when India contributed around 18% of the world's total GDP. India was also called the Golden Bird. But after the invasion of Britishers in India and the evasion of wealth, the Indian economy faced a sharp downfall. But with continuous efforts, India strengthened its economy and came upward in the list. India was an agricultural economy, but now it is shifting to an industrial and service sector economy. India also brought many policies to simplify the procedure for new players and foreign investors to invest in India and start businesses. India also launched schemes like Make In India and Aatmanirbhar Bharat. Both of these schemes have helped India boost manufacturing in India, and as a result, the GDP also increased rapidly.

7. France

Top 10 GDP Countries In The World

France is on the 7th rank in the world in terms of GDP. The size of the GDP of France is around 3.10 trillion dollars; the major part of France’s economy is of the service sector. France is at the top position in car manufacturing and aerospace engineering. France is also one of the world leaders in research and development. France receives lots of foreign direct investment. Many top brands are originated from France, like AXA insurance, Air France, L'Oréal cosmetics, LVMH, and Kering in luxury products. The economy of France is highly liberalized, but the government owns a share in several sectors like energy production, distribution of automobiles, etc.

8. Italy

Top 10 GDP Countries In The World

Italy is at 8th position in the world in terms of GDP. The total amount of Italy’s GDP is around 2.12 trillion dollars. The major part of Italy's economy is constituted of exports. Italy is the tenth biggest exporter of commodities in the world. Till the Second World War, Italy was an agricultural economy, but after World War, the Italian economy transformed from an agrarian to industrial. Today Italy is a leading country in terms of trade and exports globally. Italy is a manufacturing hub of machinery, clothing, pharma products, etc.

9. Canada

Top 10 GDP Countries In The World

Canada is at 9th position globally in terms of GDP. The total amount of Canada’s GDP is around 1.8 trillion dollars. Canada’s economy is really a good example of a mixed economy, but the domination of the service sector can also be seen. Canada is a storehouse of natural resources, and it accounts for really large reserves of petroleum and natural gas. Canada is also called an Energy Superpower. One of the main reasons for Canada's economic growth is that it is one of the least corrupt countries. Real estate, software, and mining are important industries in Canada.

10. South Korea

Top 10 GDP Countries In The World

South Korea is at 10th position globally in terms of GDP. The total amount of South Korea’s GDP is around 1.80 trillion dollars. South Korea is one of the fastest-growing economies in the world. South Korea has become a developed country with a notable high from a developing nation in just a few decades. The major sectors of the South Korean economy are electronics; It is the second-largest exporter of semiconductors in the world. Nowadays video game industry is also flourishing in South Korea. Automobiles are also one of the key industries in South Korea’s economy.