The most up to date rankings of the top 20 economies in the world are released every year. With a rapidly growing world population, the world economy is on an upward trend and the rankings of the top 20 economies in the world can help you get an idea of how your financial status has been doing in this regard.
The latest rankings of the top economies in the world can be found on the website of the World Economic Forum. The top ten economic entities are listed below. These are the same lists that are used in the annual meetings of the World Economic Forum.
The World Bank Group The bank, which was formed in 1948, has been around for many years. It is one of the most important international banks, which is also one of the leading contributors to global development. Among its top positions are the following:
The African Development Bank (AfDB) In terms of providing monetary assistance, the African Development Bank has been in operation since 1930. Among its top positions are the following:
The Indian National Bank (INB) India's national bank is the third largest in the world, which makes it among the leaders in the rankings. Among its top positions are:
The Asian Development Bank (ADB), Asia's largest bank is the fourth largest bank in the world. Among its top positions are: top 20 economies in the world 2020 | European union} The European Union The EU is another big player in the world economy. The EU is an influential political and economic force in the world and its top ranks are as follows:
The United States Department of State The Department of State, which is headed by the Secretary of State, is the seventh largest political and economic agency in the world. Among its top ranks are:
The World Cup is a major event where the world's best soccer teams compete in teams organized by FIFA. The top ranking for this is determined by the sum of money won by the winning team. The list of the World Cup winner and runner up can also be obtained from the World Cup website.
These are the top economies in the world 2020. All countries are given rankings according to their GDP per capita. In order to make these rankings more meaningful, the following factors must be considered:
Economic Growth Rate of the country. A country that has a higher economic growth rate indicates a faster economic development. This includes the gross domestic product (GDP), its current accounts balance, gross domestic income, government budgetary status, level, the balance between imports and exports, and external trade, the current account balance, and the unemployment rate.
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