Quick Answer: Which Is The Fastest Growing Major Economy In The World?

Which country has the highest economic growth?

List (2019)RankCountry/regionReal GDP growth rate (%)1South Sudan11.32Rwanda10.13Libya9.94Dominica9.2156 more rows.

Which is fastest developing country?

Top Five Fastest Developing CountriesArgentina. Contrary to popular belief, Argentina is actually considered a developing country. … Guyana. Experts have said that Guyana has one of the fastest-growing economies in the world. … India. … Brazil. … China.

Which country will be richest in 2050?

China. As measured by GDP by purchasing power parity (PPP), which adjusts for price level differences across countries, China already has the largest economy in the world. … India. … Brazil. … Mexico. … Nigeria.

Which country is No 1 in world?

For the fourth year in a row, Switzerland is considered the No. 1 Best Country.

What are the 3 poorest countries?

GDP Per Capita 2019-20232019 RankCountry2023 Rank1DRC12Mozambique23Uganda34Tajikistan642 more rows

What are the 10 fastest growing economies in the world?

With the help of our panelists in the December edition of the FocusEconomics Consensus Forecast, we take a look at the economies that are projected to grow at the fastest rate between 2019 and 2024….Rwanda: 7.7% … Bangladesh: 7.5% … Senegal: 7.3% … Ethiopia: 7.0% … Myanmar: 6.8%

What country is #1 in economy?

1. United States: USD 24.9 trillion in 2023. FocusEconomics panelists see the U.S. retaining its title as the world’s largest economy, with a forecast for nominal GDP of USD 24.9 trillion in 2023.

Which is the best developing country?

One unofficial threshold for a country with a developed economy is a GDP per capita of $12,000….(2017 est.)CountryStatusHDIBrazilDeveloping0.75CanadaDeveloped0.91ChileDeveloped0.82ChinaDeveloping0.7221 more rows•Nov 21, 2019

Who has the strongest economy?

China is projected to grow at 6% in 2020, and by 5.8% in 2021. Japan, the third-largest economy in the world, contributes almost 6% to the global GDP.

Which country has highest GDP 2020?

10 countries with the highest GDP in 2020: US is No 1, find out where India ranksNo 4: Germany | GDP: $4.00 trillion (Image: Reuters)No 3: Japan | GDP: $4.97 trillion (Image: Reuters)No 2: China | GDP: $13.4 trillion (Image: Reuters)No 1: United States | GDP: $20.49 trillion (Image: Reuters)More items…•

Who has the strongest economy in the world 2020?

The Top 25 Economies in the WorldUnited States.China.Japan.Germany.India.United Kingdom.France.Italy.More items…