The inequitable distribution of income is present at the global level where the nominal gross domestic product (GDP) of the top ten economies adds up to 65 percent of the world’s economy, and the top 15 economies add up to 75 percent. The remaining 172 countries constitute only 25 percent of the world’s economy at present time.
That's according to the U.S. Department of Agriculture's Latest macroeconomic projections that go out to 2030.So lets look at the World's top 10 Economies in future 2025.
1. United States
The United States is an economic superpower that is highly advanced in terms of technology and infrastructure and has abundant natural resources.The country, worth 25 percent of the world economy in 2006 and 23 percent in 2015, will see its share decline to 20 percent.
2. China
3. India
Japan, which was a roaring economy until its asset bubble burst in the early 1990s, has already slogged through decades of stagnation and will likely continue to see very little growth over the next 15 years. That will push Japan down a spot in the rankings by 2030, according to the USDA estimates.
6. Brazil
8. France
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1. United States
The United States is an economic superpower that is highly advanced in terms of technology and infrastructure and has abundant natural resources.The country, worth 25 percent of the world economy in 2006 and 23 percent in 2015, will see its share decline to 20 percent.
2. China
China has transformed itself from a centrally planned closed economy in the 1970’s to a manufacturing and exporting hub over the years.The Chinese economy at this time is propelled by an equal contribution from manufacturing and services (45 percent each, approximately) with a 10 percent contribution by the agricultural sector.
3. India
The country will have the largest workforce in the world within the next 15 years, the IMF notes, and among the youngest.However, the services sector has picked up in recent years and now accounts for 57 percent of the GDP, while industry contributes 26 percent.
4. Japan
5. Germany
Germany is Europe’s largest and strongest economy. On the world scale at present time, it ranks as the fourth largest economy in terms of nominal GDP. Germany’s economy is known for its exports of machinery, vehicles, household equipment, and chemicals. Germany has a skilled labor force, but the economy faces demographic challenges like most European nations.
6. Brazil
Brazilian economy is has developed services, manufacturing, and agricultural sectors with each sector contributing around 68 percent, 26 percent, and six percent respectively.Brazil is a part of BRIC and ahead of all other South American economies.
7. United Kingdom
The econom.y of UK is primarily driven by services, as the sector contributes more than 75 percent of the GDP. With agriculture contributing a minimal one percent, manufacturing is the second most important contributor to GDP.Although agriculture is not a major contributor to GDP, the country produces 60 percent of its food needs domestically by employing less than two percent of its labor force.
8. France
France, the most visited country in the world.France has a low poverty rate and high standard of living.
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