What is the total economic output of countries and regions around the world in 2020? We can find the answer to this question from the database released by World Bank - for 84.706 trillion , a reduction of $2.902 trillion compared with 2019's $87.608 trillion.
World Bank version: The United States, China and Japan are still ranked in the top three
by country, the United States is still the largest country in the global economy . The data given by the World Bank is close to US$20.94 trillion, which is about 24.7% of the global economy, which is roughly the same as in previous years. In other words, although the epidemic in the United States is very serious, the losses of the United States economy are roughly consistent with the overall global situation.
The second place is still our China. The 2020 GDP value given by the World Bank is 14.72273 trillion US dollars, which is about 17.4% of the global economic output. Compared with the United States and other major powers around the world, my country has also suffered a major impact from the new crown epidemic in 2020.
But it mainly occurred in the first quarter of 2020, and caused my country's economy to fall by 6.8% year-on-year. However, since the second quarter, my country has basically curbed the epidemic and no large-scale transmission has occurred again. In addition, the whole society in our country is actively promoting the resumption of work, production, business and market.
In addition, my country has also adopted a number of measures to encourage production, investment, consumption and export, so that my country's economic growth rate turned positive year-on-year in the second quarter. In the third quarter, my country's economic growth rate further recovered to 4.9%, and climbed to 6.5% in the fourth quarter - the actual year-on-year growth of 2.3% in 2020.
, and other major economies have basically declined in 2020, and my country's economic growth rate is once again the highest among the big countries. The completed nominal GDP exceeded 101.1 trillion yuan - according to the evaluation and accounting of World Bank , it exceeded 14.72 trillion US dollars, second only to the United States, and firmly ranked second in the world.
third place continues to be Japan. Although its economy also fell in 2020, the yen performed relatively well, making its GDP still no less than US$5 trillion. Interestingly, Japan's economy has been stagnant for decades, and its GDP has been fluctuating around US$5 trillion for a long time.
But Germany, Britain and France, which are ranked behind Japan, can never catch up. Especially Germany, whose GDP exceeded US$3 trillion in 2007, but has been between US$3 trillion and US$4 trillion for so many years, and cannot constitute a strong adjustment to Japan's ranking.
Germany, UK, India, France, Italy...
According to information disclosed by the World Bank, Germany's economic scale in 2020 is still below US$4 trillion, about US$3.806 trillion, continuing to rank fourth. Next is the UK, with more than US$2.7 trillion, ranking fifth; India is sixth, with GDP exceeding US$2.62 trillion.
2020, France's GDP slightly exceeded US$2.6 trillion, ranking seventh; Italy's GDP in 2020 fell to US$1.886 trillion, ranking eighth; Canada's GDP was about US$1.643 trillion, ranking ninth; South Korea surpassed Russia and Brazil , and ranked tenth in the world with a score of approximately US$1.63 trillion.
Overall, the GDP of countries disclosed by the World Bank is generally consistent with the values disclosed by the official countries, with only numerical differences. On the one hand, this is likely to show that "the World Bank does have its own statistical, accounting rules and standards", and on the other hand, it also shows the relative independence of economic statistics in various countries. This article is compiled and written by [Nan Sheng]. Please do not reprint or plagiarize without authorization!
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