largest economies of world
USA â GDP $16.2 trillion. The United States has been the world's largest economy for at least a century. One third of the world's millionaires and 40% of the worlds billionaires live in the United States, making it the wealthiest nation in the world.
Italyâs $2.13 trillion economy is the worldâs eighth largest in terms of nominal GDP. Italy is among the prominent economies of the eurozone, but it has been impacted by the crisis in the region. The economy suffers from a huge public debt estimated to be about 133 percent of GDP, according to the CIA World Factbook.
France. France, the most visited country in the world is the fifth largest economy in the world with a nominal GDP of $2.9 trillion. Its GDP in terms of PPP is around $2.59 trillion. France has a low poverty rate and high standard of living, which is reflected in its GDP (PPP) per capita of $40,445.
Here's a handy chart from Oppenheimer's John Stoltzfus. It reminds us that a little bit of growth in the U.S. will go a lot farther than a lot of growth out of China. And don't forget: Japan is the world's third largest economy, which shows just how high the stakes are as the country's leaders embark on extremely aggressive monetary policy.
Germanyâs 4th place position and relative size to the top three economies adds credence, in our view, to expectations that the European monetary union and its singular currency (the euro) will outlast skeptics, added Stoltzfus.