The ranking of the world's economies is compiled annually and often carries some changes. Although everyone knows the leaders, as they say, “by sight”, and here there have been no changes for several years. This rating is based on the study of the economic development of states. It includes almost all countries, which makes the study one of the most significant for understanding the overall picture of the world.
GDP as an indicator of economic development
If you calculate the entire value of goods and services produced in the territory of a single country, you get the indicator of the Gross Domestic Product, in other words, GDP. Thus, this indicator gives an estimate of the volume of economic production in general. If, for example, we take the two countries Kazakhstan and Portugal, which occupy positions 46 and 47 respectively in the ranking (203, 1 and 201 billion dollars), the unreliability of economic development to the position in the list becomes obvious. Portugal at the heart of its profits has finished products, i.e. going on herethe entire production cycle. The basis for Kazakhstan is the export of minerals, and development occurs through extensive production, which cannot last long. Although in recent years there have been prospects for intensification, they are episodic and practically do not change the overall picture. So, let's move on to the Top 5 world economy rating in 2015.
5 - UK
In the past year, the brilliant work of the Parliament and the country's economic system allowed England to break into the Top 5, overtaking France. This country has a long financial and industrial history. In this matter, she has no equal. The Central Bank works exclusively, the industry exports chemicals, products of light and heavy industry, mechanical engineering plays a huge role, high technologies. Services and tourism are of great importance.
But the main role in the indicators belongs to the financial gurus and the Central Bank of the country, it is they who are pursuing a policy to stabilize the pound, which is reflected in the GDP indicators, and it is 2853.4 trillion. USD.
4 – Germany
This country has been and remains in the lead for many years. Germany is a post-industrial country, on the basis of which industry occupies only 20% of the country's GDP. Just think, many believe that the basis of development is mechanical engineering with its BMW, Volkswagen, Audi, Maybach, Mercedes-Benz, Porsche and others, light and heavy industry. But, as it turned out, the mainis the service sector, agriculture and education. Science is of great importance, it is its development that allows Germany to make discoveries, new inventions, which are immediately put on the market. All this, coupled with the skillful financial activities of the country's government, gives 3413.5 trillion. USD and provides the 4th step of the rating "World Economies of the World".
3 - Japan
The chain of islands in the East, which is called the land of the rising sun, has simply amazing economic performance. If we take into account the fact that Japan practically does not own minerals and other natural resources. For many years it has been competing with the United States in the field of high technologies and inventions, and who is the leader here is a big question. It is no coincidence that robotics exhibitions are held mainly in Japan. Yes, and everyone knows that if the purchased equipment is stamped “made in Japan”, this gives an unspoken guarantee of its quality, which is worth only one SONY company. The mentality of the Japanese is of great importance - amazing performance and responsibility. They have it in their blood! The economies of the countries of the world are indirectly dependent on Japan, more precisely on the Tokyo Stock Exchange, which influences many financial events. Traditionally, this country supplies high-quality cars such as Toyota, Honda, Mitsubichi, Mazda and others, household appliances, computers and other electronics to world markets. The role of the banking system is also very high. All this gives Japan a well-deserved bronze rating. The GDP of this country is 4210.4 trillion. USD.
2 - China
PRC is not a country of post-industrial nature, but it has become so into the rage of development that the economy of the world, at least most countries, has become jealous of it. GDP - 11211.9 trillion. USD! This is the second position. China is confidently pushing the United States and according to analysts' forecasts, in less than 10 years, its economy may become the first in the world, overtaking America. And this is no coincidence, GDP growth is 10% annually, not a single state in our rating can boast of such an indicator. China is the undisputed leader in the export of finished products. We can say that the PRC dresses and dresses all the CIS countries, but what about the CIS, goods from Chinese factories are presented in abundance on the markets of Western Europe and America. In the industry of China, there has long been no equal, but in addition to it, space technologies, the construction and extraction of rare metals used in electronics are developing, which is why a huge number of companies producing modern computer technology are concentrated in China. It turns out that even the well-known Apple company has its production in China.
1 - USA
The United States has been the incomparable leader in terms of GDP for many years in a row. The main advantage of America is the dollar, it acts as a reserve currency for more than 50% of the countries of the world, and the States skillfully use it. But one should not think that only the dollar brings this country to the first line of the rating. US industry, high and information technology, service market - hereeverything develops, and the dollar supports this development. The economy of the world directly depends on the state of affairs in the United States. Therefore, if economic difficulties begin in America, they take place in most countries of the world. Recall at least the "depression" of the early 30s of the XX century. With the decrease in quotes on the New York Stock Exchange, one of the most powerful global economic crises in the history of mankind began. With regards to the GDP of the leader of the rating, it is at around 18124.7 trillion. USD and is 30% of the global indicator.
Economic Miracle of 2016
If we divide the entire income of the state by the number of inhabitants of the country, we get the figure of GDP per capita and here the rating is completely different, in which the above leaders are not even in the top ten. Qatar, Luxembourg, Singapore, Brunei, Kuwait are ranked from 1st to 5th respectively in this ranking, where the economy is determined. The environment plays an important role here. Three of the five leaders are positioned due to their advantageous geographic location on the Persian Gulf coast and almost 100% of their exports are hydrocarbons.
2016 economic fiasco
Tense international environment leads to difficult economic situation. Some countries were hit harder than others by this, resulting in an economic downturn. In this regard, there is a rating of "The Worst Economies of the World", which is headed by Venezuela, followed by another state of South America - Brazil, on the third line.the birthplace of democracy is located - Greece, after it Russia due to the fall of the ruble against world currencies. Closes the Top 5 Ecuador.
Summing up, it must be said that the world economy in recent years has increasingly entered a state of crisis. Sometimes the entry is intentional, due, for example, to sanctions, sometimes it happens for natural reasons, which also hits the indicators very hard, and, consequently, the rating. Of course, the calculations can be biased, firstly, because they are calculated in US dollars, and secondly, the difference in domestic prices and the cost of material goods is not taken into account. In general, we can say that the rating of the world's economies is nothing more than a GDP rating, which does not show the real state of affairs within each country, and this is its big minus.
