The health of the global economy is determined by the strength of the individual economies of the component countries. On the other hand, the strength of the economy of the individual countries is determined by a variety of indicators. Coincidentally, most of these indicators can be universally applied to carry out comparative analysis between these countries. Below is the current evaluation of the top 20 economies in the world using Nominal GDP as the universal indicator.

Nominal GDP = gross domestic product, current prices, U.S. dollars

1. United States 

Nominal GDP: $20.81 trillion

2. China

Nominal GDP: $14.86 trillion

3. Japan

Nominal GDP: $4.91 trillion

4. Germany

Nominal GDP: $3.78 trillion

5. United Kingdom

Nominal GDP: $2.64 trillion

6. India

Nominal GDP: $2.59 trillion

7. France

Nominal GDP: $2.55 trillion

8. Italy

Nominal GDP: $1.85 trillion

9. Canada

Nominal GDP: $1.60 trillion

10. South Korea

Nominal GDP: $1.59 trillion

11. Russia

Nominal GDP: $1.46 trillion

12. Brazil

Nominal GDP: $1.36 trillion

13. Australia

Nominal GDP: $1.33 trillion

14. Spain

Nominal GDP: $1.25 trillion

15. Indonesia

Nominal GDP: $1.09 trillion

16. Mexico

Nominal GDP: $1.04 trillion

17. Netherlands

Nominal GDP: $0.89 trillion

18. Switzerland

Nominal GDP: $0.71 trillion

19. Saudi Arabia

Nominal GDP: $0.68 trillion

20. Turkey

Nominal GDP: $0.65 trillion

 

Also read: World Trade, World’s Top Traded Commodities

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