By 2020 there will be a major shift in the global balance of economic power compared to 2010. Emerging economies will rise in importance and China will have overtaken the USA to lead the world’s top ten largest economies by GDP measured in PPP term. Consumer markets in emerging economies will present enormous opportunities but their rapid growth poses a challenges to the global environment. Early this year Japan confirmed that China’s economy surpassed it own as the world’s second largest in 2010.  In the nominal GDP Method, we can see that the developed world leads the pack, but that China have already broken into this exclusive club, and it now the second largest of the world by both measures.

Here is the Top 10, listed by PPP GDP:

United States

Country Ranked: #1

GDP – Purchasing Power Parity:$14.66 trillion (As 2010)

Contribution of Industrial Sector in GDP: 22.1%

Contribution of Agricultural Sector in GDP: 1.1%

Contribution of Services Sector in GDP: 76.8% (As 2010)

Population: 312, 222, 000 (As 2010)

Unemployment Rate: 9.6% (As 2010)

China

Country Ranked: #2

GDP – Purchasing Power Parity: $10.09 trillion (As 2010)

Contribution of Industrial Sector in GDP: 46.9%

Contribution of Agricultural Sector in GDP: 10.2%

Contribution of Services Sector in GDP: 43% (As 2010)

Population: 1, 339, 724, 852 (As 2010)

Unemployment Rate: 4.3% (As 2009)

Japan

Country Ranked: #3

GDP – Purchasing Power Parity: $4.31 trillion (As 2010)

Contribution of Industrial Sector in GDP: 24.9%

Contribution of Agricultural Sector in GDP: 1.4%

Contribution of Services Sector in GDP: 73.8% (As 2010)

Population: 127, 960, 000 (As 2011)

Unemployment Rate: 5% (As 2010)

India

Country Ranked: #4

GDP – Purchasing Power Parity: $4.06 trillion (As 2010)

Contribution of Industrial Sector in GDP: 26.3%

Contribution of Agricultural Sector in GDP: 18.5%

Contribution of Services Sector in GDP: 52.2% (As 2010)

Population: 1, 210, 193, 422 (As 2011)

Unemployment Rate: 10.8% (As 2010)

Germany

Country Ranked: #5

GDP – Purchasing Power Parity: $2.940 trillion (As 2010)

Contribution of Industrial Sector in GDP: 27.8%

Contribution of Agricultural Sector in GDP: 0.9%

Contribution of Services Sector in GDP: 71.3% (As 2010)

Population: 81, 799, 600 (As 2010)

Unemployment Rate: 7.1% (As 2010)

Russia

Country Ranked: #6

GDP – Purchasing Power Parity: $2.223 trillion (As 2010)

Contribution of Industrial Sector in GDP: 36.8%

Contribution of Agricultural Sector in GDP: 4%

Contribution of Services Sector in GDP: 59.1% (As 2010)

Population: 142, 905, 208 (As 2010)

Unemployment Rate: 7.6% (As 2010)

United Kingdom

Country Ranked: #7

GDP – Purchasing Power Parity: $2.173 trillion (As 2010)

Contribution of Industrial Sector in GDP: 21.8%

Contribution of Agricultural Sector in GDP: 0.7%

Contribution of Services Sector in GDP: 77.5% (As 2010)

Population: 62, 262, 000 (As 2011)

Unemployment Rate: 7.8% (As 2010)

Brazil

Country Ranked: #8

GDP – Purchasing Power Parity: $2.172 trillion (As 2010)

Contribution of Industrial Sector in GDP: 26.8%

Contribution of Agricultural Sector in GDP: 5.8%

Contribution of Services Sector in GDP: 67.4% (As 2010)

Population: 192, 376, 496 (As 2011)

Unemployment Rate: 6.7%

France

Country Ranked: #9

GDP – Purchasing Power Parity: $2.145 trillion (As 2010)

Contribution of Industrial Sector in GDP: 18.5%

Contribution of Agricultural Sector in GDP: 2%

Contribution of Services Sector in GDP: 79.5% (As 2010)

Population: 65, 821, 855 (As 2011)

Unemployment Rate: 9.3% (As 2010)

Italy

Country Ranked: #10

GDP – Purchasing Power Parity: $1.774 trillion (As 2010)

Contribution of Industrial Sector in GDP: 25.3%

Contribution of Agricultural Sector in GDP: 1.9%

Contribution of Services Sector in GDP: 72.8% (As 2010)

Population: 60, 681, 514 (As 2011)

Unemployment Rate: 8.4% (As 2010)

Source: CIA World Factbook 2012

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About The Aseanists Time

The Aseanists Time is daily online newspaper and magazine covering on regional politic, economic, and social issues; science and technology, regional leaders, politic and economic in each ASEAN Member States along with ASEAN 6 (United States, Australia, Japan, South Korea, China, and India), regional natural disaster and climate change, regional business, finance and economic statistic and figure. Furthermore, We also cover on top 10 economic countries. Finally, we report ASEAN, EU and UN as well.

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