REPORT ON GDP OF TOP 6 COUNTRIES.

SUBMITTED TO:
PROF. SUNIL MADAN

SUBMITTED BY:
ABDULLAH JAMAL
0191PGM080
PGDM
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and
services produced within a country's borders in a specific time period. As a broad measure of
overall domestic production, it functions as a comprehensive scorecard of a given country's
economic health.

Top six leading countries by GDP:

1) UNITED STATES-
A number of factors contribute to the success of the United States. An entrepreneurial environment
that encourages hard work and long hours certainly helps. But decentralized government, advanced
research universities, and favourable regulatory environments also contribute.
GDP: $20.93 trillion
GDP GROWTH: -4.3%
GDP PER CAPITA: $63,051
SHARE OF WORLD GDP: 24.08%

2) CHINA-
The Chinese economy, one of the fastest growing economies of the 21st century, now ranked as the
second largest economy in the world, is currently valued at a GDP of $12.23 trillion. With China’s
Belt and Road Initiative effectively merging its foreign and economic policy, promotion of using the
Chinese Renminbi for the use of settlements has increased. The country is increasingly playing an
influential role in the global economy. It has been the largest contributor to global growth since the
financial crisis of 2008.
GDP: $15.42 trillion
GDP GROWTH: 2.3%
GDP PER CAPITA: $10,839
SHARE OF WORLD GDP: 15.12%
3) JAPAN-
Japan’s four main islands – Honshu, Hokkaido, Shikoku, and Kyushu – constitute nearly 98% of its
land area. It has the world’s 3rd largest economy by nominal GDP and the 4th largest economy by
purchasing power parity (PPP).
Ranked as one of most innovative countries in the world, Japan is the world’s largest electronic
goods producer and the 3rd largest automobile manufacturer. The country generally has a surplus in
annual trade and international investment. The country’s workforce is highly qualified and skilled,
proving to be instrumental in organizational growth.
GDP: $5.08 trillion
GDP GROWTH: -5.3%
GDP PER CAPITA: $39,048
SHARE OF WORLD GDP: 6.02%

4) GERMANY-
The total value of exports and imports is equal to 86.9% of GDP. Germany is a European nation
with the biggest drivers of its economy being its service industries, including telecommunication,
healthcare, and tourism.
The nation employs a social market economy that emphasizes the value of open-market capitalism
and also ensures a number of social services guarantees. The country is ranked #1 in the world for
entrepreneurship due to its skilled labor force, highly developed infrastructure, and technological
expertise.
GDP: $3.8 trillion
GDP GROWTH: -6.0%
GDP PER CAPITA: $45,446
SHARE OF WORLD GDP: 4.56%
5) INDIA-
The Republic of India is a federal democracy that consists of 29 states and 7 union territories. It is
the largest democracy and the 6th largest economy in the world. India has thriving manufacturing,
technology, and service sectors. Since 2014, the rate of foreign direct investment (FDI) inflows to
India has grown steadily as some key policy changes were incorporated by the government to
facilitate this growth.
Some strategic steps have been taken to stimulate India’s business environment including reforms to
remove bottlenecks in key business areas, reducing minimum capital requirement, and simplifying
the process of obtaining necessary licenses.
GDP: $2.8 trillion
GDP GROWTH: -7.7%
GDP PER CAPITA: $1,877
SHARE OF WORLD GDP: 3.28%

6) UNITED KINGDOM-
The United Kingdom (UK), also known as the United Kingdom of Great Britain and Northern
Ireland consists of England, Wales, Scotland, and Northern Ireland. It is the 5th largest economy in
the world and the 2nd largest in Europe in terms of GDP. The UK ranks high in the annual Global
Competitiveness Reports and the World Bank’s Ease of Doing Business Rankings. Its GDP is
expected to grow from $2890 billion in 2019 to $3170 billion in 2020.
GDP: $2.63 trillion
GDP GROWTH: -9.9%
GDP PER CAPITA: $39,229
SHARE OF WORLD GDP: 3.26%
SOURCE:
https://globalpeoservices.com/top-15-countries-by-gdp-in-2020/
https://www.imf.org/en/Countries