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In recent years, there have been some minor changes in the ranking of the world’s richest countries. Here is the estimated ranking for 2016, taking into account global GDP, and based on IMF International Monetary Fund figures as published in the Journal du Net.
- 1 The 10 richest countries in the world:
- 2 Estimated GDP for 2016
- 3 GDP expressed in purchasing power, another indicator of wealth
The 10 richest countries in the world:
1. United States
GDP 2016: 18,698 (billions of dollars)
GDP 2016: 12,254 (billions of dollars)
GDP 2016: 4,171 (billions of dollars)
GDP 2016: 3,473 (billions of dollars)
5. United Kingdom
GDP 2016: 3,055 (billions of dollars)
GDP 2016: 2,488 (billions of dollars)
GDP 2016: 2,385 (billions of dollars)
GDP 2016: 1,868 (billions of dollars)
GDP 2016: 1673 (billions of dollars)
GDP 2016: 1,592 (billions of dollars)
Estimated GDP for 2016
The United States is still in pole position. For 2016, no change therefore, Uncle Sam’s country remains the richest in the world. Its GDP for this year is estimated at $18,698 billion, a figure that has increased by 4% in one year.
The United States remains in the lead, ahead of China, which has a GDP of $12,254 billion, with an 8% increase over last year.
Japan ranks third in the world’s wealthiest country, with a GDP in 2016 well below that of the top two, at $4,171 billion. Just behind the empire of the rising sun, on the fourth step of the podium, is Germany with a GDP of more than 3 billion dollars in 2016. It represents an increase of 7% over the previous year.
France remains the world’s sixth largest economic power for 2016. According to IMF figures, the French Republic is just behind the United Kingdom, which took its place in 2014, with a GDP of €3,055 billion for this year 2016. There is a difference of €567 billion between French GDP and that of the United Kingdom, with French GDP amounting to €2,488 billion.
As for India, it recorded the strongest GDP growth in one year, more than 9%. Despite everything, it still ranks as the seventh richest country in the world. Behind India are respectively Italy, Brazil and Canada. India is dangerously close behind France, which risks being downgraded again in this ranking.
In summary, the United States leads with a GDP of $18,698 billion, followed closely by China with $12,254 billion, followed by Japan with $4,171 billion, Germany with $3,473 billion, the United Kingdom with $3,055 billion, France with $2,488 billion, India with $2,385 billion, Italy with $1,868 billion, Brazil with $1,673 billion and Canada with $1,592 billion in 10th place.
GDP expressed in purchasing power, another indicator of wealth
GDP can also be calculated on other values by the IMF such as PPP: Purchasing Power Parity. Its interest is to be able to compare the purchasing power of a resident via his currency and a reference basket with the currency and level of another country. The PPP makes it possible to be more realistic than GDP per capita and gives a closer view of living conditions in each country of the world. In this ranking France is in 9th position
GDP 2016 in Purchasing Power Parity: 20,778 (billions of dollars)
GDP 2016 in Purchasing Power Parity: 18,400 (billions of dollars)
GDP 2016 in Purchasing Power Parity: 8,629 (billions of dollars)
GDP 2016 in Purchasing Power Parity: 4,866 (billions of dollars)
GDP 2016 in Purchasing Power Parity: 3,900 (billion dollars)
GDP 2016 in Purchasing Power Parity: 3,411 (billions of dollars)
GDP 2016 in Purchasing Power Parity: 3,086 (billions of dollars)
GDP 2016 in Purchasing Power Parity: 2,710 (billions of dollars)
GDP 2016 in Purchasing Power Parity: 2,676 (billions of dollars)
GDP 2016 in Purchasing Power Parity: 2,273 (billions of dollars)
As we can see, the results are not substantially the same as the GDP ranking in 2016. China came first and proved its excellent results. Faced with a moribund economy where the United States is trying to maintain its positions and the hegemony of the dollar, China has announced the end of the world order wanted by the United States and the American financial forces. While the USA is trying to open up the European market with a lot of lobbies and with the help of Goldman Sachs (many of whose members are working behind the scenes in the EU to empty Europe of its meaning), China will seek to impose itself and take the place of the United States as world leader, particularly with a multipolar vision and partners such as Russia and the countries of South East Asia.
Finally, on GDP in PPP, the top ten remain essentially the same except for minor changes in location. It should be noted that Indonesia, which is not included in the IMF ranking, has a higher PPP GDP than France, which would normally place France in 10th place.
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