Top 10 Richest Countries in The World 2012
In determining which counties are richest, this cannot be quantified and qualified with the areas that they have but it is based on their GDP (Gross Domestic Product) per capita. Although some organizations are using PPP or Purchasing Power Parity in determining the wealthiest countries in the world, nonetheless, GDP is still derived and based from the PPP, which would also give the same results on the overall ranking and standing of the following countries on this list. The national wealth per country is still based on its GDP wherein the cost of living is not tabulated or included so below are the top 10 richest countries in the world 2012
1. United States
It
still holds the title of the biggest and largest economy with its
closing profit based on GDP of USD $15,495.389 trillion. Its average GDP
growth recorded is 3.28 percent wherein just like China; it is also
market oriented and focuses on business and private individuals despite
of the unemployment rate issues due to the recession setback that it did
experience in the past years
2. China
It
got USD $7,744.133 trillion for its average GDP growth of 2.15 percent.
It is the second largest economy in the world that follows the United
States. It is focused on international trade, its people are market
oriented, and the main contributor for its growth is found on
exportation that made them the largest exporter and on importation that
placed them as the second largest importer of goods in the world.
3. Japan
It
got the third spot carrying USD $6,125.842 trillion with 0.52 % average
GDP growth before the year 2011 closed. It is known for its
competitiveness in the free-market economy bagging on international
trading. In fact, it has consistently maintained its ranking on the top
five richest countries since the 1960s despite of the recent blow that
they did experience last year because of tsunamis that destroyed the
lives of many people and majority of properties and other assets.
4. Germany
It
has earned a total of USD $3,707.790 trillion while reaching an average
GDP rate of 0.31 percent and it is the number one country when it comes
to the economic growth in Europe. It focuses on exportation, which
comprises of the 1/3 output on the total national growth or contribution
of the country’s economy.
5. France
With
USD $2,888.907 trillion recorded at the close of year 2011, it has
reached 0.30% GDP growth before 2011 ended. It is considered as the
second largest economic force in Europe because of its concentration on
diverse industrial base and modern industrialized countries. Despite of
the recession that it did experience in 2008 to 2009, they had its
comeback in 2010.
6. Brazil
It
has USD $2,616.986 trillion before 2012 begun, although there was a
slight progress in 2011. It still managed to reach the 0.80% of GDP
growth, which mainly comes from their service sectors, mining,
manufacturing and agricultural products. In fact, it is the highest
economy in the South American countries.
7. United Kingdom
With
its USD $2,603.880 trillion earned at the close of the year 2011,
wherein it has an average quarterly GDP growth of 0.58%, which makes it
as one of the giants when it comes to stable economy despite of the
recession that hit the major countries in the recent years. In fact, it
has accelerated on the 3rd quarter of 2011, which actually comes from primarily in the service sectors while it holds the third largest economy in Europe.
8. Italy
It
has a closed income of USD $2,287.704 trillion and according to the
World Bank, the International Monetary Fund, and the CIA World Factbook,
it has become the fourth largest economy in Europe when it comes to
nominal GDP since they have diversified industrial and infrastructure
economies. It is one of the eight members of the industrialized nations
of the G8 group.
9. Russia
It
got the ninth spot of earning USD $2,117.245 trillion. In fact, as
early as 2007, it has already laid out economic development plans that
would last until the year 2020. It was forecasted on that year, despite
of some negative remarks that it got. Hence, the plan is honed up
because of the average growth it achieves yearly by 6.7% on its gross
domestic product. The target includes industrial developments and other
distributable factors in economic sectors
10. India
Its
current up-to-date growth based on GDP is USD $2.012.760 trillion and
this has been predicted by the economist when 2011 commenced. In fact,
based on the reports, there is an 8.2 percent growth before 2010 ended.
Some of the contributable factors of its progress are business
investments, private consumptions, agricultural outputs, and its key
service sectors
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