The World’s Largest Economies 2012

In the nominal GDP method, we can see that the developed world leads the pack, but that China has already broken into this exclusive club, and is now the second largest economy in the world by both measures.By 2020 there will be a major shift in the global balance of economic power compared to 2010. Emerging economies will rise in importance and China will have overtaken the USA to lead the list of the world’s top ten largest economies by GDP measured in PPP terms. Consumer markets in emerging economies will present enormous opportunities but their rapid growth poses a challenge to the global environment. Early this year Japan confirmed that China’s economy surpassed its own as the world’s second largest in 2010.

Here is the Top 10, as listed by PPP GDP:

United States

Country Rank: #1

GDP- Purchasing Power Parity: $14.66 trillion (As of 2010)

Contribution of Industrial Sector in GDP: 22.1%

Contribution of Agricultural Sector in GDP: 1.1%

Contribution of Services Sector in GDP: 76.8% (As of 2010)

Population: 312,222,000 (As of 2011)

Unemployment Rate: 9.6% (As of 2010)

China

Country Rank: #2

GDP- Purchasing Power Parity: 10.09 trillion (As of 2010)

Contribution of Industrial Sector in GDP: 46.9%

Contribution of Agricultural Sector in GDP: 10.2%

Contribution of Services Sector in GDP: 43% (As of 2010)

Population: 1,339,724,852 (As of 2010)

Unemployment Rate: 4.3% (As of 2009)

Japan

Country Rank: #3

GDP- Purchasing Power Parity: 4.31 trillion (As of 2010)

Contribution of Industrial Sector in GDP: 24.9%

Contribution of Agricultural Sector in GDP: 1.4%

Contribution of Services Sector in GDP: 73.8% (As of 2010)

Population: 127,960,000 (As of 2011)

Unemployment Rate: 5% (As of 2010)

India

Country Rank: #4

GDP- Purchasing Power Parity: 4.06 trillion (As of 2010)

Contribution of Industrial Sector in GDP: 26.3%

Contribution of Agricultural Sector in GDP: 18.5%

Contribution of Services Sector in GDP: 55.2% (As of 2010)

Population: 1,210,193,422 (As of 2011)

Unemployment Rate: 10.8% (As of 2010)

Germany

Country Rank: #5

GDP- Purchasing Power Parity: 2.940 trillion (As of 2010)

Contribution of Industrial Sector in GDP: 27.8%

Contribution of Agricultural Sector in GDP: 0.9%

Contribution of Services Sector in GDP: 71.3% (As of 2010)

Population: 81,799,600 (As of 2010)

Unemployment Rate: 7.1% (As of 2010)

Russia

Country Rank: #6

GDP- Purchasing Power Parity: $2.223 trillion (As of 2010)

Contribution of Industrial Sector in GDP: 36.8%

Contribution of Agricultural Sector in GDP: 4%

Contribution of Services Sector in GDP: 59.1% (As of 2010)

Population: 142,905,208 (As of 2010)

Unemployment Rate: 7.6% (As of 2010)

United Kingdom

Country Rank: #7

GDP- Purchasing Power Parity: $2.173 trillion (As of 2010)

Contribution of Industrial Sector in GDP: 21.8%

Contribution of Agricultural Sector in GDP: 0.7%

Contribution of Services Sector in GDP: 77.5% (As of 2010)

Population: 62,262,000 (As of 2011)

Unemployment Rate: 7.8% (As of 2010)

Brazil

Country Rank: #8

GDP- Purchasing Power Parity: $2.172 trillion (As of 2010)

Contribution of Industrial Sector in GDP: 26.8%

Contribution of Agricultural Sector in GDP: 5.8%

Contribution of Services Sector in GDP: 67.4% (As of 2010)

Population:192.376.496 (As of 2011)

Unemployment Rate: 6.7% (As of 2010)

France

Country Rank: #9

GDP- Purchasing Power Parity: $2.145 trillion (As of 2010)

Contribution of Industrial Sector in GDP: 18.5%

Contribution of Agricultural Sector in GDP: 2%

Contribution of Services Sector in GDP: 79.5% (As of 2010)

Population: 65,821,885 (As of 2011)

Unemployment Rate: 9.3% (As of 2010)

Italy

Country Rank: #10

GDP- Purchasing Power Parity: $1.774 trillion (As of 2010)

Contribution of Industrial Sector in GDP: 25.3%

Contribution of Agricultural Sector in GDP: 1.9%

Contribution of Services Sector in GDP: 72.8% (As of 2010)

Population: 60,681,514 (As of 2011)

Unemployment Rate: 8.4% (As of 2010)

[Source: CIA World FactBook]