Which Country Has The Fastest Growing Economy In The World?

Which country is most developed in world?

NorwayHuman Development Index (HDI)RankCountry/territoryHDI2018 data (2019 report) rankings2018 data (2019 report) rankings1Norway0.9542Switzerland0.9463Ireland0.94228 more rows.

Who is richer USA or China?

Both country together share 40.75% and 34.27% of total world’s GDP in nominal and PPP terms, respectively in 2019. … Per capita income of United States is 6.38 and 3.32 times greater than of China in nominal and PPP terms, respectively. US is the 8th richest country of the world whereas China comes at 72th rank.

What are the freest countries?

In 2019, the freest countries/regions were New Zealand (8.88), Switzerland (8.82), and Hong Kong SAR, (8.81). Least free were Syria (3.79), Venezuela (3.80), and Yemen (4.30). The components on which the index is based can be divided into economic freedoms and other personal freedoms.

Which is the world’s fastest growing economy?

IndiaOfficial data showed the economy grew 5.8%, which is slower than the 6.4% growth registered by China, and down from 6.6% in the previous quarter. It was the first set of figures since Narendra Modi secured a second election victory this month. During his first term, India became the world’s fastest-growing economy.

Which country has the most economic growth?

Ethiopia, Turkmenistan, Rwanda, Mongolia, Uzbekistan, China, Tajikistan, Bangladesh, Laos: these are some of the nations that have shown the most sustained and robust GDP growth among close to 200 routinely surveyed by the IMF.

Which countries will be developed by 2050?

China, India, and the United States will emerge as the world’s three largest economies in 2050, with a total real U.S. dollar GDP of 70 percent more than the GDP of all the other G20 countries combined. In China and India alone, GDP is predicted to increase by nearly $60 trillion, the current size of the world economy.

What is the richest country?

QatarQatar is, by far, the richest country in the world, with a GNI per capita of $116,799 — more than $20,000 higher than any other nation.

What is the best country in the world?

Switzerland. #1 in Best Countries Overall. … Canada. #2 in Best Countries Overall. … Japan. #3 in Best Countries Overall. … Germany. #4 in Best Countries Overall. … Australia. #5 in Best Countries Overall. … United Kingdom. #6 in Best Countries Overall. … United States. #7 in Best Countries Overall. … Sweden. #8 in Best Countries Overall.More items…

Which country has the strongest economy in the world?

United States1. United States: USD 24.9 trillion in 2023. FocusEconomics panelists see the U.S. retaining its title as the world’s largest economy, with a forecast for nominal GDP of USD 24.9 trillion in 2023.

Which country is fastest growing?

The Five Fastest Growing Economies In The WorldGuyana. With a projected 26.21% growth in 2020, Guyana is the fastest growing economy in the world. … South Sudan. South Sudan is a young country that gained independence in 2011. … Bangladesh. Bangladesh has emerged as a strong economic growth story. … Egypt. … Rounding Out The Top Ten.

Which country will be richest in 2050?

China. As measured by GDP by purchasing power parity (PPP), which adjusts for price level differences across countries, China already has the largest economy in the world. … India. … Brazil. … Mexico. … Nigeria.

What are the 5 poorest countries?

With that said, let’s have a look at the poorest countries in the world according to the FocusEconomics Consensus Forecast for 2019 nominal GDP per capita.Democratic Republic of Congo. 2017 GDP per Capita: USD 439. … Mozambique. 2017 GDP per Capita: USD 429. … Uganda. … Tajikistan. … Yemen. … Haiti. … Ethiopia. … Tanzania.More items…

Which country has the fastest growing economy in the world 2019?

IndiaIndia is the fastest-growing trillion-dollar economy in the world and the fifth-largest overall, with a nominal GDP of $2.94 trillion. India has become the fifth-largest economy in 2019, overtaking the United Kingdom and France.

Which is the richest state in India?

MaharashtraGSDPRankState/Union TerritoryNominal GDP (trillion INR, or ₹ lakh crore)1Maharashtra₹28.78 lakh crore (US$400 billion)2Tamil Nadu₹18.45 lakh crore (US$260 billion)3Uttar Pradesh₹17.94 lakh crore (US$250 billion)4Karnataka₹15.35 lakh crore (US$220 billion)29 more rows

Who is best economy in the world 2020?

The Current Top Economies Japan at $5.2 trillion in 2019 and an estimated $5.4 trillion in 2020. Germany at $4.2 trillion in 2019 and an estimated $4.5 trillion in 2020. The United Kingdom at $3 trillion in 2019 and an estimated $3.2 trillion in 2020. India at $2.9 trillion in 2019 and an estimated $3.3 trillion in …