The Largest Economies in the World - the richest countries in the world

The World’s 15 Largest Economies. The richest countries in the world by nominal GDP. I will also show you the standard of living (GNI per capita) of each individual country as well as the country’s population in 2021. Moreover, you will see the importance of exports and imports for the country’s economy. For more data, see the country-specific video links below.

The 15 largest economies in the world are:
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, South Korea, Spain, the United Kingdom (England/Scotland/Wales/Northern Ireland) and the United States of America.

GNI (Gross National Income) explained in 2 minutes
Video

GDP
Gross Domestic Product is the monetary value of all the finished goods and services produced within a country’s borders.
https://www.investopedia.com/terms/g/gdp.asp

Nominal GDP
Nominal GDP measures a country’s gross domestic product using current prices, without adjusting for inflation.
https://www.investopedia.com/terms/n/nominalgdp.asp

Purchasing Power Parity GDP explained
PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States.
https://www.investopedia.com/updates/purchasing-power-parity-ppp/

If you want to learn more about some of the largest economies, here’s a list with a link to the respective video that provides you with an economic overview in about two minutes or less:

Australia Economy (published in 2020)
Video

Brazil Economy (2020)
Video

Canada economy (2020)
Video

Mexico economy (2020)
Video

France economy (2020)
Video

Germany economy (2020)
Video

India economy (2020)
Video

Japan economy (2020)
Video

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