2020 can be said to be a comprehensive test that has not been encountered in decades for major economies around the world. Control the epidemic, ensure employment, and stabilize the economy. Because of the different economic structures and resiliences of different countries and the different management capabilities of countries, the economic impacts they have suffered in the face of this epidemic are also different.
So 2020 can be said to be the year when the rankings of major economies in the world have changed the most. Some are due to the economic decline and the decline in rankings, and some are due to the double hit of economic setbacks and the sharp depreciation of the currency. Of course, there are also countries with strong control capabilities and good economic resilience. While countries are falling, their economic share and rankings have increased due to their good stability.
The top ten countries in 2020 are full of dramatic changes, let’s take a look together below.
Overall, my country is the most stable and resilient among the top ten countries, which is of course inseparable from my country's emergency response capabilities. The only top ten economies turned from negative to positive in the second half of the year, with a growth rate of 2.3% enough to make all countries envious. The increase is 365.9 billion yuan, which is closer to the United States, accounting for a total US economic output from 67% in 2019 to 70% in 2020. So it can also be said that the epidemic in 2020 is an opportunity for our country to show itself and enhance its global influence.
Another relatively profitable one is South Korea. In 2020, due to the sharp shrinkage of Brazil and Russia's total economic output, advanced to the top ten in the world! It can also be said that it was the help of the pig teammates, because in 2019, South Korea's total economic output was more than US$230 billion lower than Brazil's. In 2020, South Korea's total economic output was 31924.8 trillion won, and the actual growth rate dropped by 1%. According to the average exchange rate, was about US$1.63 trillion, and surpassed Brazil's nearly US$200 billion.
First of all, it is because South Korea's epidemic control is quite strong, but it is mainly because Russia and Brazil are affected by the epidemic and the sharp depreciation of the currency. The total nominal GDP of Brazil's dollar shrank sharply, causing it to drop from tenth place in 2019 to 12th place last year. Russia also fell from $1.69 trillion in 2019 to $1.47 trillion.
Another major impact is India. Due to the epidemic, the economy suffered a major setback. The actual growth rate in 2020 fell by 7% year-on-year. Moreover, because the currency has depreciated to a certain extent, the total amount of USD GDP fell by US$214.77 billion compared with 2019.
Although the actual economic operation of the UK is actually more difficult than India, the actual growth rate has dropped by 9.9%, making it the country with the largest decline among the top ten economies. However, due to the appreciation of the pound and the exchange rate, the decline in the total GDP of the US dollar was not too large, but it only fell by US$118.954 billion.
Because India only surpassed the UK to rank fifth in the world with a slight advantage of US$5 billion in 2019, India's decline in 2020 was nearly 100 billion yuan more than the UK, so India regretfully returned to sixth place.
So 2020 is a difficult year. The impact of the epidemic on the economy of various countries is no less than a war. The economic decline of several countries has been the largest in decades. But one side of the crisis is opportunities, such as economic transformation, establishing a national image, and enhancing economic influence.
The economic data changes and ranking changes among the top ten countries in the world can see the emergency response capabilities and economic stability of each country in the face of emergencies. Especially in this crisis, our country has become even stronger, which amazed the world!
For specific data, please refer to the table below:
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