The names of five largest economies in the world are given below according to their rank in the world: 1) The United States of America 2) Japan 3) Germany 4) China 5) The United Kingdom.
The GDP of the USA is $12.485 trillion, followed by Japan's with $4.167 trillion. After Japan comes Germany with the GDP of $ 2.522 trillion.
These days the USA is certainly the largest economy in the world but with the rapid speed China is growing, it is slated to take over the top slot from the USA by the year 2050. These economies are taking advantage of their big domestic market and the large pool of talented workforce who are available for lower wage in comparison to that of other developed world. India is predicted to be ranked third by that time after the USA.
The GDP of the USA is $12.485 trillion, followed by Japan's with $4.167 trillion. After Japan comes Germany with the GDP of $ 2.522 trillion.
These days the USA is certainly the largest economy in the world but with the rapid speed China is growing, it is slated to take over the top slot from the USA by the year 2050. These economies are taking advantage of their big domestic market and the large pool of talented workforce who are available for lower wage in comparison to that of other developed world. India is predicted to be ranked third by that time after the USA.