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The Top 20 Economies in the World

  • Predictions that China would surpass the United States to become the world's top economy by 2020 appear to have been exaggerated. In fact, the U.S. finished 2019 on top with an estimated $21.5 trillion nominal gross domestic product (GDP) and is expected to grow to $22.3 in 2020.

    KEY TAKEAWAYS

    • China's economy did not overtake that of the U.S. by 2020, as had been projected by many.
    • Nevertheless, its economy continues to grow faster than that of the U.S.
    • India's economy is the fastest-growing of the world's top 10.

    An analysis by FocusEconomics places China in a fairly distant second place at about $14.2 trillion in 2020 and an estimated $15.7 trillion in 2020.

    The Current Top Economies

    In fact, the U.S. and China are the dominant leaders in the top 10 largest economies. The others include:

    • 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 2020
    • France at $2.9 trillion in 2019 and an estimated $3.1 trillion in 2020
    • Italy at $2.2 trillion in 2019 and an estimated $2.3 trillion in 2020
    • Brazil at $2.1 trillion in 2019 and an estimated $2.2 trillion in 2020
    • Canada at $1.8 trillion in 2019 and an estimated $1.9 trillion in 2020