The U.S. is the world’s largest economy and has the most people living within its borders, according to the latest estimates from the United Nations. At $17.5 trillion, the U.S. economy accounts for almost 40 percent of global economic output.
There are several ways to look at the economy of a country. Some people look at the size of the economy, while others focus on the quality of the economy. It would be best to consider the economy’s overall health before determining which country is the best. Do you want to see the economy’s current state in each country? Check out our world map of countries by economy below.
United Nations estimates that the world population will be 11.6 billion people. The UN predicts that by the year 2050, the world’s population will reach almost 12.8 billion. Most experts believe this growth will continue even more over the next half-century. This shows that we must protect our planet’s resources and environment. To help keep the global economy stable and sustainable, it is necessary to know the world’s economic countries.
World countries by the economy
According to the CIA, the United States leads the world in the gross domestic product (GDP), with a total GDP of $20.9 trillion in 2018. In terms of population, the United States is second behind China, with 1.4 billion citizens.
The GDP figure is more important than the population number for most people, but the two numbers are closely related. It’s fair to say that the United States has a bigger economy than China because of its larger population. The United States doesn’t always lead the world in people, so the population figure is listed alongside the GDP.
World countries by population
There are many ways to measure the economy of a country. However, the quality of the economy is just as important as the size. One of the most common ways to gauge the size of an economy is to compare its GDP with the world’s GDP. Economic indicators such as inflation, unemployment, and interest rates are considered.
Another way to measure a country’s economy is to look at the total population. The GDP of the United States is almost double the GDP of India. But the U.S. has the lowest inflation rate, the highest job growth rate, and a far lower unemployment rate than India.
World countries by population density
The population of most countries has grown. And while the growth rate varies, most of the population is concentrated in large urban areas. Is it better to live in a large city or a rural area? While there are pros and cons to both, there is no denying that cities offer more convenience, including greater job opportunities and access to education.
However, living in a rural area is better if you want to travel. You will have more privacy, less pollution, and a higher chance of seeing wildlife. While it is possible to get to any major city within a day, it can take weeks to travel between rural towns.
World countries by life expectancy
How long do people live in each country? How does the quality of life compare? We’ve got answers to both of these questions in this list.
While the United States and Canada have the highest life expectancy in the world, they aren’t the only countries where people can expect to live long lives. Over the past few decades, life expectancy has rapidly increased in Asia, Africa, and South America.
World countries by debt per capita
Debt is not always bad. Some say that a country with high debt signifies economic success. When a government borrows money to build infrastructure and develop its economy, it spends its wealth. This is good because it allows a country to grow its economy and become more competitive.
However, this doesn’t mean a country can never get into trouble with its debt. If a government spends too much of its wealth, it might cause the rest of its economy to collapse. In other words, the country could experience an economic downturn.
We see a breakdown of the total debt of each country listed on the world map. The countries in the top row have a low obligation, and those in the bottom row have a high debt. As you can see, the US is the most indebted country, with a total deficit of $20 trillion.
Frequently Asked Questions
Q: What are some countries that have an economy like the US?
A: Germany is the most similar to the US in economy.
Q: How much money does a person make in the United States compared to other countries?
A: The average salary in the United States is $44,000 annually. The highest-paid country in the world is Norway, with $63,000 per year.
Q: What are some of the most impoverished countries in the world?
A: Some of the poorest countries are in South America, such as Bolivia, Argentina, Ecuador, and Columbia.
Q: Are there any countries with an economy like China?
A: The most similar to China’s economy is Vietnam.
Q: How many countries are in the world?
A: There are 193 sovereign nations in the world.
Top 5 Myths About
1. The US economy is doing great.
2. China is overtaking the US to become the largest economy in the world.
3. India is the fastest-growing economy.
4. Russia is the biggest economy.
5. China’s economy is growing faster than other countries.
Conclusion
The United States has a population of 318 million people, the world’s most populous country. However, the government has a GDP of $20.3 trillion, the second highest in the world. This infographic shows the top 20 countries by GDP. It also includes the population of each country and the total GDP of each country. Qatar has the largest GDP per capita, with $96,943 per capita. Lesotho has the smallest GDP per capita, with $2,894 per capita.
