Out of all the various nations in the world, only a few carry significantly more economic power than others. When looking at the wealthiest and richest countries in the entire the world, there are a few things to consider. First it takes many years to compile data of this magnitude, and the most recent data come from a few years ago, so what we have now is estimates. It’s also hard to get exact and definite numbers. Also depending on how you measure the results, different countries will appear on a list of the wealthiest in the world. When you take a look at the gross domestic product per capita of each nation you get a sense for the average purchasing power that each person has on an individual level, and what the standard of living is like. However we are not going to look at countries based off of their GDP per capita. We are going to rank the ten richest countries in the world based off of their regular GDP. We want to look at the raw economic power of a country as a whole. So to get right into it, here are the ten richest countries in the world.
10. India – $2.0 Trillion
Despite having rampant economic disparity and many people living under the poverty line, India makes our list at is has a total gross domestic product of around $2 trillion dollars. Over the recent years many jobs have come to India despite the economic inequality. The country is now home to many businesses, especially tech-support companies, among others.
9. Russia $2.05 Trillion
Next up on the list we have Russia. While Russia’s economy has been struggling recently, they are still a world powerhouse with a large purchasing power. Russia has vast deposits of oil, natural gas, and coal which contribute the most to its large economy.
8. Italy – $2.1 Trillion
Italy comes in at number eight on our list with a nominal gross domestic product of around $2.1 trillion dollars. Italy is one of the major economies in the European Union and has been for some time now.
7. Brazil – $2.24 Trillion
While Brazil has a considerable amount of political unrest and many people living below the poverty line, it still manages to come out as one of the wealthiest nations in the world. The country has experienced one of the fastest growing economies in recent times and has earned a place on the list.
6. The United Kingdom – $2.8 Trillion
The United Kingdom is not only one of the most economically sound nations within the European Union, but the world as well. As of 2014 estimates have their total gross domestic product around $2.8 trillion dollars. The country is also one of the largest financial centers in Europe. Additionally the country has a gross domestic product per capita of around $37,000 dollars which is fairly strong.
5. France – $2.9 Trillion
Next up on our list is France with a total gross domestic product of $2.9 trillion dollars. France has always had a pretty strong economy and their gross domestic product per capita is also extremely strong at around $45,300.
4. Germany – $3.6 Trillion
Germany has prove time and time again that in can elevate its economy from near disparity (as seen in post WW1 and post WWII) to an economic powerhouse. It is the strongest economy in Europe and the fourth strongest economy in the world. Germany has always been known for its ingenuity, engineering prowess, and its strong workforce.
3. Japan – $4.7 Trillion
Coming in at number three on our list is Japan. The country has a considerably large amount of purchasing power at $4.7 trillion dollars and a strong gross domestic product per capita at $37,500 dollars. Japan is home to many major companies and businesses, and the Japanese people are known for their strong workforce.
2. China – $9.4 Trillion
Obviously China makes our list as it is one of the largest economies in the world. China has seen considerable amounts of economic growth over the years. China has an incredible workforce as it is the most populous nation in the entire world. Many industries and companies have flocked to China over the recent years and practically everything is produced in China now.
1. The United States – $16.7 Trillion
Taking the number one spot, where it has been for many years, is the United States of America with a total gross domestic product of $16.7 trillion dollars. The United States has a strong workforce, an abundance of natural resources, and is a leader in scientific and technological research. All of these facts give the United States a strong economy and it also has a considerably strong gross domestic product per capita at around $53,000 dollars.
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