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1- Europe (remember Italy, French, UK and Germany are 4 world's power) 2- USA 3- China.
2006 GDP Figures from the CIA World Factbook, in Trillions of dollars, purchasing power parity:
European Union: 13.080
United State: 13.060
China: 10.210
Prior to 2005, and probably back to 1942, the United State surpassed the EU.
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Which country had the largest economy in 1950?
USA but Soviet Union close second
Who has the largest economy?
The world's biggest and wealthiest economy is the European Union (roughly $16.000 billions a year).However the world's biggest national economy is the United States (roughly $14.000 billions a year).
What country will have the world's largest economy in 2015?
It is quite difficult predicting the future, but most probably, the largest economy will be the USA or China. US is 14 trillion right now and China is 5 trillion. It's got a long way to go but many Economists suggest that it will be China. The second might be Japan and India will be in the top 10. Actually, China is not expected to surpass the United States' in economical size until between 2025 and 2030, which means the United States will still have the largest economy in 2015. This will only work, of course, if things keep going the way they do; China surges as the United States has a fall back. So of course this may not even be true. In 2015, any country can have the largest economy, Germany, Russia, Japan, even Egypt or South Africa or Australia might. Or maybe it'll be some country that is not even a country yet! Who knows. What is known is that China's surge won't last long and neither will the downfall of the United States. In fact, the United States downfall (and Europe's for that fact) is a result of a major surge! So the positions may be switched by 2015. China's economy is currently growing about 3x faster than that of the United States and it's actually not that much of a lead (9% versus 3%). In fact, the United States just surpassed 15 trillion dollars in 2011, the first country ever to do so. China, whose currently in second place, is only at about 7 trillion US dollars, and is not even expected to surpass 10 trillion until 2015. Which means in 2015, China will be around 10 trillion while the US will be around 17 trillion.
What is the GDP of China?
In 2010, the IMF estimate of China's GDP was 5.88 trillion USD, overtaking Japan and thus placing it as the second largest economy based on GDP in the world, behind USA. GDP stands for Gross Domestic Product and is defined as the total market value of all the goods and services produced within the borders of a nation during a specified period.
What placed major strain on china's economy?
A largestrain on the economy of China would be that in its latest expansion it has been forced to lend the US dollars it is earning to the US. this led to a flood of money being lent out in the USA that looks like Will never be repaid. In effect this means that a large amount of wealth accrued by China as a result of trade with the USA does not in reality exist and will have to be written of. China is in a bind however because if they do not get rid of their US dollars to the US the US is not able to afford their product.
What is the country with the second largest economy after the USA?
the second largest economy after the USA is China.
Which country buys and uses most of the Gold?
Canada exports Gold to the United Kingdom and the USA
Who will be the world's 100 richest countries in 2050?
There are many outcome issues since China and India are beating USA in economy in present. China has the largest economy before USA and India and India has 3rd largest, but India has fastest economy before China and USA and China has 2nd fastest.
Where are the largest countries located?
The biggets country - Russia is in both Asia and Europe. China is in Asia. USA is in North America. 9th largest country Kazakstan is in Asia.
What is the world's richest country in 2010?
USA. But it depends what you mean. They generate the largest income but have the largest costs. They have little spending power while China has a huge amount. China is also the second largest economy and is scheduled to overtake the US in the next 10-15 years in that as well. So if you are talking about how much real money they have China takes it.
What country has largest middle class?
The United States has one of the largest middle classes in the world, in terms of both absolute numbers and percentages of population. Other countries with sizable middle classes include Germany, Canada, and Japan.
What country's economy is larger than China's and Japan's combined?
usa
What are the largest counties?
In area: Russia, Canada, USA, China and Brazil In population: China, India, USA, Indonesia and Brazil
How is China more technologically advanced than America?
It isnt, Honk Kong on the other had comes close, but still not there. Denmark is the most advanced country in the world----------------------------------------------------------------------------------REAL ANSWERThe idiot who thinks Denmark is the most advanced country is just dumbfounding himself...Denmark wouldn't last 1 week if a war occured...USA is more advanced than China but China is catching up very fast:1970 - China was 50 years behind USA/Europe in technology1980 - China was 45 years behind USA/Europe in technology1990 - China was 30 years behind USA/Europe in technology2000 - China was 20 years behind USA/Europe in technology2010 - China is only 10 years behind USA/Europe in technology2020 - Same level------2040 - China worlds 1st largest economyNo country on earth can catch up that fast in only 4 decades...India is catching up but they are still lagging behind USA since they have too many people living in poverty right now and the corruption...
What are the main trading nations in the world?
USA, China, Europe.
What are the five largest countries?
The 5 largest countries by area are: 1) Russia 2) Canada 3) China 4) USA 5) Brazil The largest countries by population are: 1) China 2) India 3) USA 4) Indonesia 5) Brazil
What are the five largest counties?
In area: Russia, Canada, USA, China and Brazil In population: China, India, USA, Indonesia and Brazil
