In the rankings of 2017 GDP released in early July, China remains the world’s second-largest economy with $12.24 trillion, compared with $19.39 trillion for the US. The figure previously stood at $11.20 trillion and $18.57 trillion in 2016.
India replaced France as the world’s sixth-largest economy, with a GDP amounting to $2.60 trillion, while France’s figure was $2.58 trillion in 2017.
The forecast is for China’s GDP growth in 2018 to be 6.6%.
World Bank 2017 GDP
1. US | GDP in 2017 $19.390 trillion
2. China | GDP in 2017 - $12.237 trillion
3. Japan | GDP in 2017 - $4.872 trillion
4. Germany | GDP in 2017 - $3.677 trillion
5. UK | GDP in 2017 - $2.622 trillion
6. India | GDP in 2017 $2.597 trillion
7. France | GDP in 2017 $2.582 trillion
8. Brazil | GDP as of 2017 - $2.055 trillion
9. Italy | GDP in 2017 - $1.934 trillion
10. Canada | GDP in 2017 - $1.653 trillionBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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According to World Bank statistics EU economy was $17 Trillion in 2017. That includes UK’s $2.6T economy. IF UK gets out of EU, China will pass them within a couple years. India will pass the EU too eventually. That will make EU 4th biggest economy and also more stagnant economically than top 3 USA, China, India, with basically 0 military force projection capability and over-reliance on US military. Funny to think 10 years ago EU was described as “Emerging Superpower”. That is wishful thinking. The only emerging superpower is China, and someday India (far behind China). You don’t make 1 strong country by combining many declining countries. Europe need to fix severe structural problems but has an incompetent elite, is fractured and out of ideas.
According to World Bank statistics EU economy was $17 Trillion in 2017. That includes UK’s $2.6T economy. IF UK gets out of EU China will pass them within a couple years. India will pass the EU too eventually. That will make EU 4th biggest economy and also more stagnant economically than top 3 USA China India with basically 0 military force projection capability and over-reliance on US military. Funny to think 10 years ago EU was described as Emerging Superpower””. That is wishful thinking. The only emerging superpower is China”” and someday India (far behind China). You don’t make 1 strong country by combining many declining countries. Europe need to fix severe structural problems but has an incompetent elite”” is fractured and out of ideas.”””
And in PPP, 1st is China, USA 2nd and India 3rd. I believe, by 2030, India would surpass US, if grown by 8-9% and will be on par with China near 2040-50. However, both countries will be far behind from the US in terms of per capita but would enjoy heavy military in their region if not globally.China’s influence in ocean will remain in South China Sea, if US lose that, Indian Ocean will be dominated by India, US and France but will still sea Chinese presence due to One Belt One Road Initiative, if remains successful. The Pacific will still be in the hands of US, if China and Russia don’t interfere strategically.The Quad (US+Japan India Australia), if importance given, will become a big hurdle for China in South China Sea. By 2030, India too will have massive navy and if the Quad acquire/get access to any island of Vietnam in form of military base in Spratly Islands, it would create a problem for China but not that big because dude you got no idea what China would be in the near future……
And in PPP, 1st is China, USA 2nd and India 3rd. I believe, by 2030, India would surpass US, if grown by 8-9% and will be on par with China near 2040-50. However, both countries will be far behind from the US in terms of per capita but would enjoy heavy military in their region if not globally.
China’s influence in ocean will remain in South China Sea, if US lose that, Indian Ocean will be dominated by India, US and France but will still sea Chinese presence due to One Belt One Road Initiative, if remains successful. The Pacific will still be in the hands of US, if China and Russia don’t interfere strategically.
The Quad (US+Japan+India+Australia), if importance given, will become a big hurdle for China in South China Sea. By 2030, India too will have massive navy and if the Quad acquire/get access to any island of Vietnam in form of military base in Spratly Islands, it would create a problem for China but not that big because dude you got no idea what China would be in the near future……
According to World Bank statistics EU economy was $17 Trillion in 2017. That includes UK’s $2.6T economy. IF UK gets out of EU, China will pass them within a couple years. India will pass the EU too eventually. That will make EU 4th biggest economy and also more stagnant economically than top 3 USA, China, India, with basically 0 military force projection capability and over-reliance on US military.
Funny to think 10 years ago EU was described as “Emerging Superpower”. That is wishful thinking. The only emerging superpower is China, and someday India (far behind China).
You don’t make 1 strong country by combining many declining countries. Europe need to fix severe structural problems but has an incompetent elite, is fractured and out of ideas.