What are the biggest economies in the world? | My money

What are the biggest economies in the world? | My money

The ranking of Largest countries in the world It is in full transformation. The battle for the top positions in the list of leading economies will undergo some notable changes in the coming months and years, according to the projections published this week by the International Monetary Fund (IMF).

Spain, for example, one post goes up this year while United Kingdom is about to go down two in a ranking in which state United is guaranteed first place on the podium during the next five years despite the fact that China it has already exceeded its purchasing power parity.

In the case of Spain, the advance of 2.7% that the GDP will experience this year, always according to the forecasts of the IMF, will allow it to wrest Australia he thirteenth place of the ranking of the world's largest economies.

Thus, although the southern state will raise its GDP from 1,379 billion dollars in 2017 to 1,427 billion this year, it will not be enough to continue maintaining the advantage over Spain, which goes from 1,314 billion to 1,437 billion this year. However, the progressive slowdown in Spain's economic growth will cause Australia to once again overtake the Spanish economy in 2022, relegating it back to the fourteenth position.

Climbing steps in the list, the first significant changes lead South Korea, which exceeds this year Russia in the eleventh place and will maintain its advantage at least during the entire five-year period, or Italy, which also this year will go up to the eighth step to replace Brazil.

The most prominent fall, in turn, will be that of Kingdom United that, according to the projection that the IMF has presented this week at its Annual Summit held in Bali, its growth will be stalled in 2019, coinciding with the official exit of the European Union, scheduled for March. He brexit will contribute to the country falling from the fifth place to the seventh during the next year, its economy being surpassed by the one of India Y France during the five years

The IMF does not expect, however, changes in the composition of the first four positions in the ranking during the next five years. The USA will continue in the lead, going from 19,485,400 million dollars in 2017 to 24,670 billion in 2023, while China will cut differences from the second place, going from 12,014 billion to 19,580 billion. The third place will keep it Japan throughout the period and the fourth reserves it Germany.

Despite this, it is striking that China already surpasses the US in purchasing power parity (25.313 billion dollars against 20.513 billion, this year) while India, with half the amount of the North American country is already in third place.


Source link