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Siddhesh Sonawdekar

Richest Economies In The World In 2014

#10 India: $2.0 Trillion


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India is a developing country and has a growing Economy. India comes in as the 10th wealthiest economy in 2014 with a purchasing power of $2.0 trillion. However, the densely populated country has a considerably low GDP per capita at $4,000, ranking 169th place out of 228 countries listed in the World Factbook country comparison chart. Despite India’s great economic wealth, a whopping 29.8 percent of Indian citizens live below the poverty line.

#9 Russia: $2.1 Trillion


Over India in the list is Russia with the economy of around $2.1 Trillion. Russia’s economy boasts $2.1 trillion but ranks 77th place in the World Factbook country comparison with a GDP per capita of $18, 100. In Russia, 11 percent of citizens live below the poverty line.

#8 Italy: $2.2 Trillion


Next up in the list is Italy. Italy has an economy valued at $2.2 Trillion. The GDP per capita in this country is $29,600, placing it as the 51st highest in the world. There is a relatively high poverty rate in this country, with 29.9 percent of Italians living below the line.

#7 Brazil: $2.2 Trillion


Along with Italy is Brazil. Tying with Italy, Brazil has an economy of $2.2 trillion. Despite the recent attention drawn to the state of the country during the recent World Cup tournament, Brazil’s economy makes it to this list. That’s not to say its social and political problems aren’t real; the GDP per capita in this country is a low $12,100, making it 105th place on the country comparison chart. 21.1 percent of Brazilians currently live below the poverty line.

#6 United Kingdom: $2.8 Trillion


No surprises here. Uk is next in the list at 6th spot. The United Kingdom has an economy worth $2.8 trillion in purchasing power in 2014. With a relatively strong GDP per capita of $37, 300, the United Kingdom doesn’t seem so badly off, ranking 34th place in the world. 16.2 percent of people in this country live below the poverty line.

#5 France: $ 2.9 Trillion


5th on the list is France. France has an economy worth $2.9 trillion. It ranks 39th place in the World Factbook’s GDP per capita country comparison with a GDP per capita of $35,700. The country also has a low poverty rate with 7.9 percent of French people living below the poverty line.

#4 Germany: $3.9 Trillion


#4 Germany: $3.9 TrillionGermany comes next with the purchasing power of $3.9 Trillion marking it out as the wealthiest economy of all the European countries. Germany also ranks a strong 29th place in the GDP per capita country comparison with a GDP per capita of $39, 500. With 15.5 percent of Germans living below the poverty line, the country does have some work to do in terms of encouraging the trickle down effect.

#3 Japan: $4.8 Trillion


So finally after India, we have an Asian country in the list. With a purchasing power of $4.8 trillion, Japan takes third place on our list of most affluent economies. The GDP per capita in Japan is $37, 100, making it 36th place in terms of GDP. As of 2010, 16 percent of Japanese citizens are living below the poverty line.

#2 China: $10.0 Trillion


This is a huge gap. straight from $4.8 Trillion, we have $10.0 Trillion. China stands second in the list. With a growing economy, China has a purchasing power of $10.0 trillion. But in terms of GDP per capita, it is not a world leader, coming in at number 121 on the World Factbook’s GDP per capita country comparison with a GDP per capita of a low $9,800. Only 6.1 percent of Chinese citizens live below the poverty line in this country but it bears mentioning that in 2013, China set a new poverty line at $3,630 per person.

#1 United States of America: $ 17.5 Trillion


No surprises on the top, USA heads the list. Boasting $17.5 trillion in purchasing power, the United States continues to reign the number one richest economy in the world. This level of financial fruition lends it a relatively high GDP per capita at $52, 800, taking 14th place on the World Factbook’s country comparison — the highest ranking of all the countries featured on this list. In 2010, 15.1 percent of Americans lived below the poverty line; not a shocking figure in comparison to the many countries where that number is so much greater, but certainly something to consider in light of the wealth of the nation overall.



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