Top 10 countries by GDP in the world in 2021, The Gross Domestic Product (GDP) is a measure of the market value of all the final goods and services produced in a country in a given year. The GDP growth rate is often used as an indicator of the health of a country’s economy. Here are the top 10 countries with the highest GDP in 2021.
1. United States
GDP: $22.96 Trillion – Top country by GDP in the world in 2021
The United States is the largest economy in the world, with a GDP of $22.96 trillion. The United States is home to some of the world’s largest companies, including Apple, Amazon, and Microsoft. The United States also has a large agricultural sector, and is a major producer of wheat, corn, and soybeans. The United States is a major tourist destination, with over 75 million tourists visiting each year.
GDP: $17.34 Trillion – 2nd of Top countries by GDP in the world in 2021
China is the world’s largest economy by GDP, with a GDP of $17.34 trillion in 2020. That is more than $3 trillion higher than the second-largest economy, the United States, which has a GDP of $22.96 trillion.
China’s high GDP is due to a number of factors. Firstly, China has a large population of over 1.4 billion people. This means that there is a large potential workforce that can be employed in various industries. Secondly, China has been rapidly industrializing in recent years, with many new factories and businesses being set up. This has led to an increase in productivity and output. Lastly, China has a growing middle class that is increasingly spending money on goods and services.
GDP: $4.93 Trillion – 3rd of Top countries by GDP in the world in 2021
Japan is the third largest economy in the world and has a GDP of $4.93 trillion. The country is highly industrialized and has a strong export market. Japan is also home to some of the world’s largest companies, such as Toyota, Sony, and Honda.
The Japanese economy is largely services-based, with service industries accounting for about three-quarters of GDP. The country is also a major tourist destination, with over 28 million tourists visiting each year.
GDP: $4.22 Trillion – 4th of Top countries by GDP in the world in 2021
Germany has the largest economy in Europe and is the fourth largest economy in the world. Its GDP was $3.4 trillion in 2018. Germany is a major exporter of goods and services and is home to many large companies, such as BMW, Daimler, Volkswagen, and Siemens. The German economy is strong and stable, and has been growing steadily for many years.
Germany has a highly skilled workforce and a well-developed infrastructure. It also has a very high standard of living. Germans enjoy free healthcare and free education through university level. There is also a very generous social security system in place. All of these factors contribute to Germany’s strong economy.
5. United Kingdom
GDP: $3.18 Trillion
The United Kingdom is a country located in Europe. It has a population of 66 million people and a GDP of $3.18 trillion. The United Kingdom is a member of the European Union and is one of the largest economies in the world.
The United Kingdom has a strong economy, thanks to its many industries, such as finance, manufacturing, and tourism. The country is also home to some of the world’s most prestigious universities, such as Oxford and Cambridge.
GDP: $3.17 Trillion
India is the world’s seventh-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. On 1 October 2019, India became the world’s second country to surpass the US$2 trillion mark in nominal GDP.
India is classified as a newly industrialised country, one of the G-20 major economies, and a member of BRICS. By GDP, it is the sixth-largest economy in the world; by PPP terms, it is third-largest. India has an estimated nominal GDP of US$3.17 trillion and a per capita income (PPP) of US$7,191.
GDP: $2.93 Trillion
France is the seventh largest economy in the world, with a GDP of $2.93 trillion. The French economy is highly diversified, with strong sectors in agriculture, manufacturing, energy, and tourism. France is a member of the European Union and the Eurozone.
France has a population of 67 million people. The capital city is Paris. The official language is French.
The French economy grew by 1.7% in 2018. The unemployment rate was 9.3% in 2018.
GDP: $2.09 Trillion
Italy is a large country located in southern Europe. It has a population of over 60 million people and an area of 301,340 square kilometers. Italy has a long history and a rich culture. It is known for its art, food, wine, fashion, and architecture.
Italy has the ninth-largest economy in the world. Its nominal GDP is $2.09 trillion, and its GDP per capita is $34,706. Italy is a member of the European Union and the Eurozone. Its main trading partners are Germany, France, Spain, China, and the United States.
GDP: $1.99 Trillion
Canada is a country located in North America. It has a population of around 37 million people and a GDP of around $1.99 trillion. Canada is a developed country with a strong economy. It is one of the world’s top 10 countries by GDP.
The Canadian economy is diversified and includes sectors such as agriculture, manufacturing, natural resources, and services. The country is also a major exporter of oil and gas. Canada is a member of the G7, an organization of the world’s seven largest economies.
10. South Korea
GDP: $1.79 Trillion
South Korea has the 12th largest economy in the world and is one of the most technologically advanced countries. The country has a highly educated workforce and a well-developed infrastructure. South Korea is a major exporter of electronics, automobiles, and shipbuilding. The country is also a member of the OECD and the G-20.
Data Source: World Bank