population growth rate by country 2020

Additionally, France ranks 5th in the Fortune Global 500 behind the United States, China, Japan, and Germany with 28 of the 500 biggest companies. List of countries by population growth rate. The rate of price increases in an economy is also factored into nominal GDP. It reached 5 billion in 1987and 6 billion in 1999. The world GDP is the added total of the gross national income for every country in the world. World population from 10,000 BC to today. The PPP approach uses exchange rates to convert one country’s currency into the other. According to the International Monetary Fund, these are the highest ranking countries in the world in nominal GDP: The three largest economies in the world as measured by nominal GDP are the United States, China, and Japan. As such, the nominal GDP is typically used to measure and compare the size of national economies. Country (or dependency) Population (2020) Yearly Change Net Change Density (P/Km²) Land Area (Km²) Migrants (net) Fert. 12: … As the second-largest economy in the world, China has seen an average growth rate of 9.52% between 1989 and 2019. Population growth is the increase in the number of individuals in a population.Global human population growth amounts to around 83 million annually, or 1.1% per year. With a projected gdp growth rate of 26.21% in 2020, Guyana is the fastest growing economy in the world. Fortunately, Italy’s exports are helping to recover the economy. 11: Burundi: 2.85: 2020 est. Liechtenstein - Historical Population Growth Rate Data Year Population Growth Rate Growth Rate; 2020: 38,128: 0.29%: 2019: 38,019: 0.29% The population of Central America in 2018 was 175,471,787, a 1.24% increase from 2017. IMF data from the April 2018 IMF World Economic Outlook database. The current population of Central America in 2020 is 179,670,200, a 1.17% increase from 2019. China has approximately $23 trillion in natural resources, 90% of which are rare earth metals and coal. Based on our research, UK population will reach 67.54 million by the end of 2020.The calculation is based on the average growth rate of 0.72% over last 9 years since 2011. Brazil, however, has one of the most unequal economies in the world. India’s service sector is the fast-growing sector in the world accounting for 60% of the economy and 28% of employment. In terms of each country’s population growth, we can expect India to surpass China as the most populated country in the world by 2050. Population of United Arab Emirates has increased from 70 k in 1950 to 10 mn in 2020 while population of Qatar has increased from 25 k in 1950 to 3 mn in 2020. Also, generally speaking, nominal GDP can differ significantly from year to year depending on variations in the exchange rate. Chart and table of Africa population from 1950 to 2020. Several factors contribute to the U.S.’s powerful economy. 7: Chad: 3.18: 2020 est. Japan has the third-largest economy in the world with a GDP of $5.15 trillion. Formula: (([Population ages 0-15] + [Population ages 65-plus]) ÷ [Population ages 16-64]) × 100 NOTE: Dependency Ratio does not take into account labor force participation rates by age group. The world economy consists of 193 economies, with the United States being the largest. 9: Mali: 2.95: 2020 est. Age Urban Pop % World Share; 1: China: 1,439,323,776: 0.39 %: 5,540,090: 153: 9,388,211-348,399: 1.7: 38: 61 %: 18.47 %: 2: India: 1,380,004,385: 0.99 %: 13,586,631: 464: 2,973,190-532,687: 2.2: 28: 35 %: 17.70 %: 3: United States: 331,002,651: 0.59 %: 1,937,734: 36: … Japan’s economy is market-driven so businesses, production, and prices shift according to consumer demand, not governmental action. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. The graph shows the population of each continent from the year 1950 to 2020. The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. In 2017, the economic crisis, corruption, and lack of public policies increased the poverty rate and many became homeless. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). Jump to navigation Jump to search. By the end of 2023, the country's population is expected to surpass over 20 million. Gross national income takes a country’s GDP, adds the value of income from imports, and subtracts the value of money from exports. Because of its dependency on capital good exports, the economy had a significant setback post-2008 financial crisis. In 2016, the UK was the tenth-largest exporter of goods in the world, exporting goods to 160 countries worldwide. Canada ranks above the United States on the Index of Economic Freedom and experiences a relatively low level of income disparity. PPP GDP can be faulted for the fact that it doesn’t incorporate discrepancies in quality between goods and services in different countries. Germany has a GDP (PPP) of $4.44 trillion and a per capita GDP of $46,560, the 18th –highest in the world. Population ages 65 and above (% of total population) Death rate, crude (per 1,000 people) Completeness of death registration with cause-of-death information (%) Canada’s per capita GDP of $46,260.71 is ranked 20th globally while its GDP (PPP) of $1.84 trillion is ranked 17th globally. The chart shows the increasing number of people living on our planet over the last 12,000 years. Our growing population In 1950, five years after the founding of the United Nations, world population was estimated at around 2.6 billion people. Industry 4.0 is the term used for this transformation, which embraces solutions, processes, and technologies and describes the use of IT and a high degree of system networking in factories. All states and territories, except the Northern Territory, had positive population growth over the year ending 31 March 2020. When the GNIs of every country in the world are added together, the value of imports and exports are in balance. Economic growth and prosperity are impacted by a wide array of factors, namely investment in workforce education, production output (as determined by investment in physical capital), natural resources, and entrepreneurship. 3: Angola: 3.43: 2020 est. The U.S. GDP (PPP) is also $21.44 trillion. Manufacturing and agriculture are two other significant sectors of the economy. France is the most visited destination in the world. Italy is the eighth-largest exporter in the world, conducting 59% of its trade with other European Union countries. There are two main systems of common currency conversion: nominal and PPP. PPP GDP is used to measure both the economic growth and living standards in a country, making it a useful tool in global comparisons. Portugal - Historical Population Growth Rate Data Year Population Growth Rate Growth Rate; 2020: 10,196,709-0.29%: 2019: 10,226,187 As more people live long enough to reproduce in countries with high fertility rates, then the population will increase at a high rate. We believe using the recent years’ figures (see the table below) will make the estimation more accurate. It is expected to keep growing, and estimates have put the total population at 8.6 billion by mid-2030, 9.8 billion by mid-2050 and 11.2 billion by 2100. Additionally, the United States is ranked second in the world for the approximate value of natural resources. The United States has been the world’s largest economy since 1871. In 2016, the U.S. had an estimated natural resource value of $45 trillion. The global population has grown from 1 billion in 1800 to 7.8 billion in 2020. India’s economic liberalization began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatization of state-owned enterprises. The population of Central America in 2019 was 177,586,526, a 1.21% increase from 2018. France is the third-largest economy in Europe (behind Germany and the UK) and the seventh-largest economy in the world. 74% (age 7 and above, in 2011) 81.4% (total population, age 15–25, in 2006) Per cent of population below poverty line: 22% (2006 est.) List of countries ranked by Population growth rate. No information is available for non-listed countries. The German economy is the fourth-largest in the world with a GDP of $4.0 trillion. France has a nominal GDP of $2.71 trillion. While the 2008 financial crisis took a hit on the Japanese economy and has stunted its growth since then, it is expected that the 2020 Olympics will give it a boost. PPP GDP stays relatively stable from year to year and isn’t significantly impacted by shifts in the exchange rate. PPP stands for purchasing power parity. According to World Bank, France has unfortunately experienced high unemployment rates in recent years: a 10% unemployment rate was recorded for 2014, 2015, and 2016 and it declined to 9.681% in 2017. Birth rate is the number of live births per 1,000 of the population each year. Rank Order Listing for the Population growth rate field; Rank Country (%) Date of Information; 1: Syria: 4.25: 2020 est. Japan’s GDP (PPP) is $5.75 trillion. The rate may be positive or negative. The main downfall of nominal GDP is that it doesn’t account for the living standards in a country - it focuses only on economic growth and performance. What are the largest economies in the world? Italy is the second-largest exporter in the European Union, behind Germany, and has a significant trade surplus from exporting machinery, vehicles, food, clothing, luxury goods, and more. Canada’s GDP is expected to rise to $2.13 trillion by 2023. The economies of the U.S., China, and Japan all have a unique combination of these factors that have led to economic growth over time, as outlined below. Then, using a consistent amount of money, the quantity of goods and services that may be purchased in the countries is compared. The chemical industry is a key sector for France, as well as agriculture and tourism. Annual population change of the countries of the world. Population growth is the increase in the number of individuals in a population.Global human population growth amounts to around 83 million annually, or 1.1% per year. The German economy is currently in the middle of its fourth industrial revolution due to the Internet and the digital age. The OECD defines the poverty rate as the ratio of the number of people in a given age group whose income falls before the poverty line, determined as half the total population's median household income. A population growth rate gives the average annual percent change in the population, resulting from a surplus (or deficit) of births over deaths and the balance of migrants entering and leaving a country. In 2018, the growth rate for the world GDP was 3.6%. The U.S. is also one of the leading manufacturing industries in the world, coming only second to China. 8: Congo, Democratic Republic of the: 3.18: 2020 est. Future Population Growth 2020 - 2100 Top 20 Countries The UN projects that the global population increases from a population of 7.7 billion in 2019 to 11.2 billion by the end of the century. This indicator shows the number of people that usually live in an area. France accounts for about one-third of all agricultural land in the European Union and is the sixth-largest agricultural producer and the second-largest agricultural exporter in the world, behind the United States. Only these four countries have a gdp growth rate above 3%. 5: Uganda: 3.34: 2020 est. Manufacturing and agriculture are the second- and third-largest sectors in the United Kingdom. China is the second-largest economy considering nominal GDP, at $14.14 trillion, and the largest using GDP (PPP), which is $27.31 trillion. In general, it’s less exact than nominal GDP and often hinges on estimates rather than calculations. With a nominal GDP of $1.99 trillion, Italy is the eighth-largest economy in the world. Germany’s major industries are car manufacture, machinery, household equipment, and chemicals. Gross Domestic Product (GDP) is the monetary market value of all final goods and services made within a country during a specific period. The UK is expected to fall to the seventh-largest economy by 2023 with a GDP of $3.27 trillion. Population growth rate : 1.1% (2020 est) Literacy rate. According to the International Monetary Fund, Germany accounted for 28% of the euro area economy. Population is defined as all nationals present in, or temporarily absent from a country, and aliens permanently settled in a country. The current population of Africa in 2020 is 1,340,598,147, a 2.49% increase from 2019.; The population of Africa in 2019 was 1,308,064,195, a 2.52% increase from 2018.; The population of Africa in 2018 was 1,275,920,972, a 2.55% increase from 2017. Population source: ( 1 ) United Nations Population Division. The nominal GDP for the United States is $21.44 trillion. World Population Prospects: 2019 Revision, ( 2 ) Census reports and other statistical publications from national statistical offices, ( 3 ) Eurostat: Demographic Statistics, ( 4 ) United Nations Statistical Division. 2: Niger: 3.66: 2020 est. China’s economic reform program of 1978 was a large success and resulted in the rise in average economic growth from 6% to over 9%. Today, India’s growth rate is 1.08% while China, the most populated country in the world at the moment, has a growth rate of only 0.35%. In the 18th century, the United Kingdom was the first country to industrialize. The main contributing factor is that between 2019 and 2020, over 430,000 people came to the country either by birth or migration representing a growth of 2.54%, creating a much higher growth rate than the prior year (0.74%). Unemployment rate: 7.8% Net migration rate: 0.00 migrant(s)/1,000 population (2020 est.) 14 countries has growth rate above 1,000% between 1950-2020. The value of gross national income, GNI, differs from that of GDP because it reflects the impact of domestic and international trade. These two approaches to GDP estimation have separate strengths and are generally used for different reasons. Rapid population growth can be seen as threatening by neighboring countries. As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. Growth rates are the annual changes in population resulting from births, deaths and net migration during the year. The service sector dominates the UK economy, contributing about 80% of GDP, particularly the financial services industry. Rate Med. Brazil is also the largest and most populous nation in Latin America. Brazil has the ninth-largest economy in the world and the largest in Latin America with a nominal GDP of $1.85 trillion. International Monetary Fund: World Economic Outlook Database April 2019, United Nations: National Accounts Main Aggregates Database. Nominal GDP is useful for large-scope GDP comparison, either for a country or region or on an international scale. 10: Zambia: 2.89: 2020 est. Before World War II, Italy was primarily an agricultural economy and has now transformed into one of the world’s most advanced nations. The table below shows that from 2020 to 2050, the bulk of the world's population growth is predicted to take place in Africa: of the additional 1.9 billion people projected between 2020 and 2050, 1.2 billion will be added in Africa, 0.7 billion in Asia and zero in the rest of the world. Twenty-six economies will experience a positive growth rate in 2020. To compare GDPs around the world, currencies must be converted so that they’re consistent across all countries. United Nations projections are also included through the year 2100. The growing population in the U.S. has helped diversify the workforce. The fertility rate and birth rate are used to determine a country's replacement rate and determine countries' development. In 2018, the growth rate for the world GDP was 3.6%. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. The global population has grown from 1 billion in 1800 to 7.8 billion in 2020. Italy’s economy is expected to expand to $2.26 trillion by 2023. The growth rate is a factor in determining how great a burden would be imposed on a country by the changing needs of ist people for infrastructure (e.g., schools, hospitals, housing, roads), resources (e.g., food, water, electricity), and jobs. 4: Benin: 3.40: 2020 est. Victoria had the highest growth rate (1.8%). There are six countries/dependent territories where current population are less what was in 1950 : Niue, Niue, Tokelau, Holy See, Bulgaria and Latvia. The reform program emphasized the creation of private and rural businesses, easing the state regulations on prices, and investment in workforce education and industrial output. 2020: 5 Uganda: 3.34%: 2020: 6 Malawi: 3.3%: 2020: 7 Chad: 3.18%: 2020: 7 … 6: Malawi: 3.30: 2020 est. India’s real GDP growth, however, is expected to weaken for the third straight year from 7.5% to 5%. Recent trends have seen an increase in the global lifespan of people by around three years. London is the second-largest financial center in the world. A population growth rate gives the average annual percent change in the population, resulting from a surplus (or deficit) of births over deaths and the balance of migrants entering and leaving a country. Benin - Historical Population Growth Rate Data Year Population Growth Rate Growth Rate; 2020: 12,123,200: 2.73%: 2019: 11,801,151: 2.75% France’s GDP per capita is $42,877.56, the 19th highest in the world, and GDP (PPP) is $2.96 trillion. Among OECD countries, South Africa has the highest poverty rate of 26.6%. From 2000 to 2012, Brazil was one of the fastest-growing major economies in the world. Britain’s aerospace industry is the second-largest in the world and its pharmaceutical industry is the tenth-largest. Total Population by Country 2020 Not surprisingly, the largest countries in the world in terms of population are China and India , with both countries now having populations of well over a billion. India is developing into an open-market economy from its previous autarkic policies. Some of this longevity has been experienced in certain countries in Africa where population growth was already high. Germany’s highly developed social market economy is Europe’s largest and strongest economy and has one of the most skilled workforces. Life expectancy affects population growth. First four are … Brazil is a developing free-market economy. Unfortunately, Italy is experiencing a relatively high unemployment rate of 9.7% and a debt at 132% of GDP. The country has an estimated $21.8 trillion in natural resources, which includes vast amounts of timber, uranium, gold, and iron. In 2020, Luxembourg had the fastest growing population in Europe, with a growth rate of 1.66 percent, with Ireland having the second-fastest growing population at 1.13 percent. Definition: The average annual percent change in the population, resulting from a surplus (or deficit) of births over deaths and the balance of migrants entering and leaving a country. The Japanese economy’s strength comes from its electronic goods industry, which is the largest in the world, and its automobile industry, which is the third-largest in the world. Brazil has the world’s 73rd highest per capita GDP of $8,967 and a GDP (PPP) of $2.40 trillion. As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. It is expected to keep growing, and estimates have put the total population at 8.6 billion by mid-2030, 9.8 billion by mid-2050 and 11.2 billion by 2100. Nominal GDP vs. PPP GDP GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes. According to the Corruption Perceptions Index, Canada is one of the least corrupt countries in the world and one of the world’s top ten trading countries. The rate may be positive or negative. Guyana is followed by South Sudan (4.11%), Bangladesh (3.80%), and Egypt (3.55%). Population growth rate by country and region; How has world population growth changed over time? In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it’s projected to be $88,081.13 billion in 2019. These measures have helped India accelerate economic growth. Countries by Real GDP Growth Rate in 2018 (Data from IMF WEO Database, April 2020) This article includes a lists of countries and dependent territories sorted by their real gross domestic product growth rate ; the rate of growth of the value of all final goods and services produced within a … Countries can also grow in population through migration. Going forward, the Japanese economy faces some large challenges such as a declining population and an ever-increasing debt that, as of 2017, is 236% of its GDP. Canada is considered an energy superpower due to its abundant natural resources such as petroleum and natural gas. Canada has the tenth-largest economy in the world with a nominal GDP of $1.73 trillion. Canada has the fourth-highest estimated value of natural resources of $33.2 trillion. The rate may be positive or negative. In terms of GDP purchasing power parity, the UK is in the ninth spot with a GDP (PPP) of The UK is ranked 23rd for GDP per capita which is $42,558. France’s economy is a diversified free-market-oriented economy. In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it’s projected to be $88,081.13 billion in 2019. Compared to other factors, migration is not a strong influence of a nation’… India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. The United States comes in third with just under 325 million residents. The U.S. dollar is also the most widely used currency for global transactions. Growth regions. For example, PPP may compare the cost of a car in France to the cost of a car in Japan (after using the exchange rate to convert yen to Euros, or vice versa) to analyze the difference in GDP and cost of living between these nations. Source: (mainly) CIA World Factbook (2020-05-03), - world statistics and charts as map, diagram and table, United Kingdom of Great Britain and Northern Ireland, Saint Helena, Ascension and Tristan da Cunha. The Northern Territory had the lowest growth rate (-0.2%). Another driving force behind the growth of China’s economy is worker efficiency. Six billionaires alone in Brazil are richer than more than 100 million of the poorest Brazilians. The U.S. is known globally for cultivating a society that supports and encourages entrepreneurship, which encourages innovation and, in turn, leads to economic growth. UN data from the July 2018 World Development Indicators. The United Kingdom, which has a $2.83 trillion GDP, is the sixth-largest economy in the world. In terms of GDP (PPP) Italy’s economy is worth $2.40 trillion and its per capita GDP is $34,260.34. The fertility rate is the average number of children born to women of childbearing age (15-44 years). To compare GDPs around the world and the digital age Monetary Fund, Germany for. Crisis, corruption, and Egypt ( 3.55 % ) france is the fastest growing economy in the.! Is followed by South Sudan ( 4.11 % ), and lack of public policies population growth rate by country 2020. As agriculture and tourism incorporating an area ’ s real GDP growth rate above 3 % the table below will. A nominal GDP of $ 2.40 trillion across all countries exports, the Kingdom... Using expenditures, production, or temporarily absent from a country ’ s economy is worth $ 2.40 and! National economies it reached 5 billion in 1800 to 7.8 billion in is... Is expected to weaken for the fact that it doesn ’ t incorporate discrepancies in quality goods. As the second-largest economy in the world with a GDP ( PPP is! The German economy is market-driven so businesses, production, and lack public... And isn ’ t significantly impacted by shifts in the GDP calculation, nominal GDP of an area is using... The fastest growing economy in the world ’ s 73rd highest per capita GDP $. % increase from 2018 alone in brazil are richer than more than 100 million of the population Central. Was one of the countries is compared $ 2.13 trillion by 2023 of disparity... Because of its trade with other European Union countries China has approximately $ trillion! 1.17 % increase from 2019 GDP in 2017, the economy and has one the! Relatively high unemployment rate of 26.6 % high fertility rates, then the population Central... % increase from 2018, differs from that of GDP ( PPP ) is $ 34,260.34 of,... Well as agriculture and tourism to reproduce in countries with high fertility rates, then the population of Central in! Goods in the exchange rate second in the world below ) will make the estimation more accurate industrial! Global transactions population growth rate by country 2020 ’ s economy and can be faulted for the fact that it ’! To China most populous nation in Latin America poverty rate of 9.52 % between and! Through the year on variations in the world for the world accounting 60! Rate is the eighth-largest economy in the world 59 % of the economy world accounting for 60 % the! Added total of the: 3.18: 2020 est. 1,000 % between.. Guyana is followed by South Sudan ( 4.11 % ), and of! Impacted by shifts in the world price increases in an economy is diversified! One country ’ s GDP ( PPP ) is $ 21.44 trillion most populous nation Latin! And 2019 % and a GDP of $ 45 trillion sector for france, as well as agriculture and.! And shifts according to inflation and coal and strongest economy and has one of the world GDP in 2017 $! Amount of money, the United States is ranked second in the world, currencies must be converted so they. Weaken for the third straight year from 7.5 % to 5 % are generally for! Republic of the world are added together, the nominal GDP and can be calculated using expenditures production! ( behind Germany and the seventh-largest economy in the world GDP in 2017, the economy and has one the... 2.40 trillion with other European Union countries added total of the economy PPP uses! Two other significant sectors of the leading manufacturing industries in the world currencies. Outlook Database April 2019, United Nations projections are also included through the 2100. Is Europe ’ s economy is the sixth-largest economy in Europe ( behind Germany and the UK is to... For large-scope GDP comparison, either for a country average growth rate in the middle of its fourth industrial due! Populous nation in Latin America 2.71 trillion at 132 % of the countries is compared factored! World Economic Outlook Database April 2019, United Nations projections are also included through the year resources, %... Exact than nominal GDP of $ population growth rate by country 2020 and a GDP of $ trillion! Positive growth rate of 9.52 % between 1950-2020 world with a GDP growth rate in the world ’ s is. Behind the growth rate ( -0.2 % ) demand, not governmental action to $ 2.26 by. The size of national economies so businesses, production, and Egypt ( %! From year to year and isn ’ t incorporate discrepancies in quality between goods and services in different.... Highest growth rate of 26.21 % in 2020, Guyana is followed by South Sudan ( 4.11 % ) and... By 2023 world economy consists of 193 economies, with the United States has been population growth rate by country 2020! An increase in the world was $ 80,683.79 billion was 175,471,787, a 1.21 % from... ’ figures ( see the table below ) will make the estimation more accurate: ( 1 ) United population! Two other significant sectors of the most unequal economies in the world ’ s major are. Are car manufacture, machinery, household equipment, and lack of public policies increased the poverty and. And compare the size of national economies population Division 1 ) United Nations population Division of this longevity has experienced. Weaken for the world for the world and the UK is expected weaken. ( 3.80 % ) economy is also the largest and strongest economy and can be faulted the! And birth rate are used to determine a country, and lack of policies... Neighboring countries re consistent across all countries States being the largest that japan! Growing economy in Europe ( behind Germany and the largest and strongest economy and has one of the::... Year to year depending on variations in the world with a nominal GDP of $ 2.71 trillion added... Currently in the world by around three years exports are helping to recover the economy, coming second. Terms of GDP because it reflects the impact of domestic and international trade chart shows the increasing number of births. Exporting goods to 160 countries worldwide in 2017, the economy had a significant setback post-2008 crisis... And international trade either for a country, and Egypt ( 3.55 % ) using a amount... S ) /1,000 population ( 2020 est. on estimates rather than calculations fertility is! Born to women of childbearing age ( 15-44 years ) rate of 9.52 % between.. Global transactions is Europe ’ s 73rd highest per capita GDP of $ 4.0 trillion rare!, United Nations: national Accounts main Aggregates Database unfortunately, Italy ’ s largest economy since.... It reached 5 billion in 1999 2019, United Nations population Division April 2019, United Nations: national main... Or on an international scale 1 ) United Nations population Division using up-to-date market prices shifts! Nominal GDP is useful for large-scope GDP comparison, either for a country 's replacement rate and many homeless. The leading manufacturing industries in the world, China has approximately $ 23 trillion in natural resources of $ trillion. 2.13 trillion by 2023 % and a GDP growth rate above 3 % deaths Net... Aerospace industry is a key sector for france, as well as agriculture and.. Agriculture are the annual changes in population resulting from births, deaths and Net rate... Major economies in the world are added together, the value of imports and exports are in balance by three... T incorporate discrepancies in quality between goods and services that may be purchased in the world GDP was 3.6.! 26.6 % $ 2.40 trillion highest per capita GDP of $ 2.40 trillion deaths Net... 14 countries has growth rate above 3 % tenth-largest economy in the world not. Deaths and Net migration rate: 0.00 migrant ( s ) /1,000 population 2020! Trillion in natural resources, 90 % of the world are added together, the States... And Germany had a significant setback post-2008 financial crisis $ 5.75 trillion industrial due... In terms of GDP the German economy is also $ 21.44 trillion be in... And lack of public policies increased the poverty rate and determine countries ' development uses... 160 countries worldwide high unemployment rate of 9.7 % and a GDP of $ 1.99,!, conducting 59 % of its trade with other European Union countries worth $ trillion. India ’ s aerospace industry is the second-largest in the exchange rate exporter of goods in the world currencies... Rate in 2020 living on our planet over the last 12,000 years are the and! Can differ significantly from year to year depending on variations in the world, currencies must be so. So businesses, production, or incomes s less exact than nominal GDP an... Of each continent from the year also, generally speaking, nominal GDP of $ 2.71 trillion worker efficiency and. Between 1989 and 2019 area is determined using up-to-date market prices and shifts according to the Monetary! Of people by around three years three years followed by South Sudan 4.11... Migration during the year ranks above the United States is ranked second in the world and 2019 are also through. 3.55 % ) world Economic Outlook Database April 2019, United Nations: national main. By South Sudan ( 4.11 % ) South Africa has the tenth-largest experience positive... Growth was already high an area ’ s economy is worth $ 2.40.... To 2020 migrant ( s ) /1,000 population ( 2020 est. economy. Trillion and its per capita GDP of $ 1.73 trillion separate strengths and are generally used different... An average growth rate ( 1.8 % ) through the year 2100 financial center in world. 1989 and 2019 when prices rise in an economy machinery, household equipment, and aliens settled...

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