The offers that appear in this table are from partnerships from which Investopedia receives compensation. In the table below, countries are ranked by the gross domestic product measured in purchasing power parities (PPP) at current prices. Canada’s GDP is expected to rise to $2.13 trillion by 2023. India's growth rate is expected to rise from 7.3% in 2018 to 7.5% in 2019 as drags from the currency exchange initiative and the introduction of the goods and services tax fade, according to the IMF. World and regional statistics, national data, maps and rankingsLatest releases of new datasets and data updates from different sources around the worldCurated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries.Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema.Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database.Search and explore the world’s largest statistical database to find data.Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data.Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives.Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China. China is often referred to as the "world's factory," given its huge manufacturing and export base. South Korea entered the trillion-dollar club in 2004, propelled by international trade and industrialization. The manufacturing sector is primarily dominated by the chemical industry, automotive, and armament industries. Six billionaires alone in Brazil are richer than more than 100 million of the poorest Brazilians. In 2020, the gap is expected to reduce to $7.05 trillion, and by 2023, the difference would be $5.47 trillion. Its economy will get some stimulus with the 2020 Olympics keeping the investment flow strong, which is backed by a lax monetary policy by the Bank of Japan. The economy's strength lies in a limited dependence on exports, high saving rates, favorable demographics, and a rising middle class. The economy shrunk by 6% during this time (between the first quarter of 2008 and the second quarter of 2009) and eventually took five years to grow back to the pre-recession levels, according to data from the Office of National Statistics. Its economy witnessed macroeconomic and fiscal stability, while its employment and income levels witnessed an increase. The nominal GDP of the top 10 economies adds up to about 66% of the The economy grew 3.1% in 2017 and is expected to edge down to 2.8% and 2.2% in 2018 and 2019, respectively. The GDP provides a snapshot of all the money a country produces through selling products and services and exporting and importing. These include white papers, government data, original reporting, and interviews with industry experts. The value of gross national income, GNI, differs from that of GDP because it reflects the impact of domestic and international trade.When the GNIs of every country in the world are added together, the value of imports and exports are in balance. The service sector dominates the UK economy, contributing about 80% of GDP, particularly the financial services industry.
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