20. Saudi Arabia
It is an Arab country located in the Western part
of Asia. It has a land size of about 2,150,000 km2. The country has a
population of about 28.7 million and they speak Arabic. Geographically it is
the fifth-largest state in the region. Saudi Arabia is a complete monarchy,
there are no political parties nor national elections. The country’s economy is
largely petroleum-based and 90% of export earnings is from their rich oil industry.
The country's 260 billion barrels of oil reserve is one-fifth of the world's petroleum
total reserves. They are the largest exporters of petroleum and their petroleum
sector accounts for about 80% of their budget revenues. Taking a look at their
GDP growth rate is about 4% and their Gross national income is 1.8 trillion
Population: 28.7 million
GDP Growth: 4%
GDP per Capita: 53,640 USD
Gross national income: 1.8 trillion USD
Unemployment:12%
19. Switzerland
It is a federal republic located in
Western-Central of Europe. It is bordered by Italy to the south. France to the
west, Germany to the north, and Austria and Liechtenstein to the east. It has a
total land size of 41,285km2 and an estimated population of 8,341,000. The
country has the highest nominal wealth per adult and the eighth-highest per
capita gross domestic product according to IMF making the country to be one of
the most developed countries in the world. The economy of Switzerland is largely
based on manufacturing. They are specialist in health and pharmaceutical goods,
chemicals, scientific and precision measuring instruments and musical
instruments.34% of exported goods are chemicals, while 20.9% are machines or
electronics and 16.9% for precision instruments. Switzerland has a massive private
sector economy with lower tax rate compared to the Western World standard and
it is a relatively easy place to doing business.
Population:8.3 million
Population:8.3 million
GDP Growth 2%
GDP per Capita:58,100 USD
Gross national income: 533 billion USD
Unemployment rate: 3.2%
18. Turkey
Turkey is a transcontinental Eurasian country.
The country is located between Asia and Europe. The country has a total land size
of 783,356km2 and a population of about 79,463,663. It has eight bordering
nation: Greece, Bulgaria, Georgia, and Iran just to mention a few. The Turkish
economy is manufacturing and service-based.it has a very large automotive
industry, producing over a million motor vehicles yearly, they are also
specialist in shipbuilding which brings in billions of
Population: 79.4 million
GDP Growth: 2.9%
GDP per Capita: 10,971.66 USD
Gross national income: 1.907 trillion USD
Unemployment rate: 11.1%
17. Netherlands
The Netherlands is a small country located in West
Europe. It has a population of about 17 million and a total land of 41,543km2.
The Netherlands has its largest cities to be Amsterdam, Hague, and Rotterdam. It
has the largest port in Europe and the 17th-largest economy in the world. it also
ranks 10th in terms of GDP. The Dutch economy is well developed and it is based
on manufacturing and services. The leading sectors of the economy are banking, agriculture,
fishing, shipping, trade and electronics. These sectors also play a major role
in the economy: chemicals, machinery, electrical, goods, metallurgy, tourism, trade, and services. The countries most natural resources are coal and natural gas, its
natural gas field is one of the largest in the world. In agriculture, they rank
second in the world just behind the United States of America in terms of export.
Population: 17 million
GDP Growth: 2.1 %
GDP per Capita: 45,294.78 USD
Gross national income: 856.4 billion
Unemployment rate: 4.7%
16. Indonesia
Indonesia is the world’s largest island country
and it is a transcontinental country located in southeast Asia and some parts
in Oceania. The country has more than thirteen thousand islands. It's land size
is about 1,904,569km2 and an estimated population of 260 million. The countries
wealth 3 trillion-plus in terms of GDP (PPP) making it the largest economy in southeast
Asia. In terms of nominal GDP, it is the sixteenth largest economy in the world.
The economy of Indonesia is manufacturing, agriculture and service based. The
service sector is the largest followed by manufacturing and agric. The country
is into the exportation of commodities like crude oil and gas, rubber, plywood,
electrical appliances and textiles. The country has the largest oil palm
plantation in the world which starches across 10 million hectares of land. The
country is the leading producer of Palm oil which is used for biofuel
production.
Population: 260 million
GDP Growth:5.8%
GDP per Capita: 3,475.25 USD
Gross national income: 2.929 trillion
Unemployment rate: 5.50 %
15. Mexico
Mexico is located in North America and it shares a
border with the United States. It has a total land size of 1,972,550km2 and a
population of 120 million plus making it the most populous Spanish speaking
country in the world. The country’s nominal GDP is the 15th largest in the world.
The economy is wealth $ 1.26 trillion plus. Mexico manufactures a large number
of electronic products making its electronic industry is the sixth largest in
the world. They manufacture mobile phones, television, circuit boards, computers,
communication equipment and electronic appliances. Mexico export most of it
electronic product to the USA market. The automobile industry of Mexico is the leading
manufacturer of automobile in North America. The country also exports crude
oil. It is the sixth largest oil producing country in the world, producing 3.7
million barrels of oil per day.
Population: 120 million
GDP Growth: 2.3%
GDP per Capita: 8,201.31 USD
Gross national income: 2.26 trillion USD
Unemployment rate: 3.6 %
14. Spain
The Kingdom of Spain is located in southwestern Europe. The country shares borders
with France and Portugal. The country has a land size of 505,990km2 making it
the largest in Southern Europe and second largest in western Europe. Spain has
a population size of about 46 million. The country’s nominal GDP makes it the
14th largest economy in the world. Spain has a developed agriculture and
manufacturing base economy. They grow vegetables, wheat, barley, tomatoes, citrus
fruit, grapes and many other agriculture produce. The country is the largest
producer of olive oil in the world and largest producer of orange, strawberries
and lemons in the European region. Industrially they produce foodstuffs and
beverages, chemicals, automobiles, ships, textiles, medical equipment, metals
and metal products, foot wares, pharmaceuticals and many others. Spain’s major
exports are pharmaceuticals, fruits, wine, olive oil, automobiles and many
other products.
Population: 46 million
GDP Growth:3.2 %
GDP per Capita: 26,528.49 USD
Gross national income:1.393 trillion USD
Unemployment rate:17.1%
13.Australia
Australia is a very big country with a numerous
number of islands and it shares borders with a number of countries like
Indonesia and New Zealand. The country has a land size of 7,692,024km2 and a
population of about 24,253,300. The country’s economy ranks 13th in terms of
nominal GDP in the world. The country is heavily industrialized. its major
industries include machinery, manufacturing of industrial and transportation
equipment, automobiles, food processing, textiles, iron and steel and
chemicals. The country also is endowed with mineral resources like gold, lead, nickel,
uranium, copper, tin, zinc, silver natural gas, crude oil and bauxite. In terms
of political rights, economic freedom, health, life and education, it is highly
ranked in quality wise.
Population: 24 million
GDP Growth: 2.5%
GDP per Capita: 49,927.82 USD
Gross national income: 1.109 trillion USD
Unemployment rate: 5.4%
12. Russia
Russia is a transcontinental country in Eurasia,
it is the largest country in the world. Its land size is 17,075,200 km2 and a
population of over 146.6 million. Moscow is the capital of Russia, one of the
largest cities in the world.it shares borders with a number of countries like Norway,
China, North Korea and many others. The economy of Russia is highly developed
with a large number of industries and natural resources like oil and natural
gas. Russia exports timber, oil and petroleum products, coal, natural gas,
ferrous and nonferrous metals, minerals, fertilizers which forms 80% plus of its
total exports. Russia’s trading partners are the United States, China, Switzerland,
United Kingdom, Finland and some other European and Asian countries.
Population:146.6 million
GDP Growth: -0.2%
GDP per Capita: 8,748.36 USD
Gross national income: 3.306 trillion USD
Unemployment rate: 5.1% %
11. Republic of Korea
Korea is a country located in the East of Asia.
The country has a land size of about 100,210km2 and population of about 50,801,405.
In a global view, South Korea ranks highly in healthcare quality, job security,
education personal safety and ease of doing business. South Korea has a mixed
economy which is heavily industrialized. It is the 4th largest in Asia and 11th
in the world. Though the country is highly deficited in natural resources, its
economy is technologically based. Its major exports are electronic equipment, machinery,
manufacturing of industrial and transportation equipment, automobiles, iron and
steel products and organic chemicals, ships and medical equipment.
Population: 51 million
GDP Growth: 2.8%
GDP per Capita: 27,538.81 USD
Gross national income: 1.834 trillion USD
Unemployment rate: 3.6%
10.Canada
Canada is
a country located in North America and it has a land size of 9.89 million square
kilometers. The population is about 36 million. It shares borders with the
United State. Canada is the tenth largest economy in term of nominal GDP globally.
The economy of Canada is highly developed with a number of industries and
natural resources like oil and natural gas. Energy products like oil and gas,
forms 25% of its total export. The country homes the 3rd largest oil reserves
in the world, producing 4.3 million barrels per day. Its major export are crude,
petroleum product, cars, and car parts, zinc, gold, nickel, aluminum, steel, uranium,
iron ore, lead and coal. Other leading exports are electronic equipment, machinery,
manufacturing of industrial and transportation equipment, automobiles, plastics
and rubber products, industrial chemicals, forestry product, aircraft,
spacecraft, ships and medical equipment. Its top export destinations are
United States, China, Mexico, United Kingdom and Japan
Population: 36 million
GDP Growth: 1.5%
GDP per Capita: 42,157.93 USD
Gross national income: 1.575 trillion USD
Unemployment rate: 6.1 %
9. Brazil
Brazil is a country located in South America and
it has a land size of 8,515,767 square kilometers. The population is about
207.7 million plus. It is the biggest country in both south and Latin America, bordering
with Uruguay, Argentina and other South American countries except Ecuador and Chile.
Brazil is the ninth largest economy in term of nominal GDP globally. The
economy of Brazil is highly developed with a number of industries and natural
resources which is said to be complex. The country produces 2.8million barrels
of oil per day. It major export are crude, petroleum product, cars and parts,
soybeans, corn, sugar, cocoa, meat and citrus fruits. Its other leading exports
are machinery, manufacturing of industrial and transportation equipment,
automobiles, industrial chemicals, forestry product, cement, iron ore,
aircrafts, steel, textiles, chromite, beryllium, copper, tungsten, zinc, gold, nickel,
uranium, lead and coal. It's top export destinations are the United States, Germany,
Argentina and some African countries.
Population: 207.7 million
GDP Growth: -3.6 %
GDP per Capita: 8,649.95 USD
Gross national income: 3.075 trillion USD
Unemployment rate: 12.6 %
8.Italy
Italy is a
country located in Europe having a land size of 301,338 km2.It shares borders
with nations like Switzerland, France and the Vatican. Having a population of
about 61 million, making it the third most populous in Europe. Italy is the
eighth largest economy in term of nominal GDP globally and third in the Eurozone.
The economy of Italy is highly developed with a number of industries and
natural resources. The country is considered to be part of the most industrialized
nations of the world. The country is a leading producer of wine, olive oil chocolate
and chocolate products globally. The country also has a large gold reserve
which is the third globally. Its major export are machinery, electronic
equipment, iron and steel, plastics and rubber vehicles and parts products furniture,
precious metals, pharmaceuticals, crude and petroleum product. Its other
leading exports are, manufacturing of industrial and transportation equipment,
automobiles, industrial chemicals, forestry product, liquid pumps, aircraft
parts, engine parts, foot wares, refrigerators, aircrafts, steel and iron products,
textiles and agriculture farm produce. It’s top export destinations are United
States, Germany, China, France, the United Kingdom and some African countries
Population: 60.6 million
GDP Growth: 0.9%
GDP per Capita: 30,527.27 USD
Gross national income: 2.317 trillion USD
Unemployment rate: 11.2 %
7. India
India is a
country located in south of Asia. The country has a land size of about
3,287,263 km2 and population of about 1.2 billion is the second largest
population and is also the fastest growing economy since the mid-1990s. It
shares borders with nations like Pakistan, China and Nepal. India has a mixed
economy which is heavily industrialized. It is the 7th largest in
the world in term of nominal GDP. Currently, India is the single largest
producer of milk and has the second largest population of cattle globally. It major products include rice, wheat, oilseed, cotton, jute, tea,
sugarcane, potatoes, textiles, telecommunications, chemicals, cement, mining,
petroleum, machinery, pharmaceuticals, biotechnology, food processing, steel,
transport equipment, and software. Its major export are machinery, electronic equipment, steel products, vehicles
and parts, precious metals, pharmaceuticals, crude and petroleum products. Its
top export destinations are the United States, China, Saudi Arabia, United Kingdom
and some African countries.
Population:1.324 billion
GDP Growth: 7.1%
GDP per Capita: 1,709.39 USD
Gross national income: 8.594 trillion USD
Unemployment rate: 3.7 %
6. France
France is a transcontinental country located in
Western Europe having a land size of 643,801 km2. It shares borders with
nations like Switzerland, Germany and Italy. Having a population of about 66.9 million.
The country is the sixth largest economy in term of nominal GDP globally. The
economy of France is highly developed with a number of industries and natural resources.
The country is considered to be part of the most industrialized nations of the world.
France is a leading producer of agaric in Europe and third in agriculture
product export worldwide. Best known as the world’s top tourist destination
ahead of the USA and one of the finest wine regions globally. It major export
are machinery, electronic equipment, steel products, vehicles and parts,
precious metals, aircraft and aircraft parts, pharmaceuticals, chemicals, crude, iron, steel product and petroleum products. It's top export
destinations are United States, Spain, Germany, United Kingdom, Belgium and Italy.
Population: 66.9 million
GDP Growth: 1.2%
GDP per Capita: 36,854.97 USD
Gross national income: 2.835 trillion USD
Unemployment rate:9.8% %
5. United Kingdom
The United Kingdom is a country located in Europe, commonly known as Britain.
It is made up of England, Northern Ireland, Scotland and Wales and other
smaller islands. It shares borders with nations like Belgium, Germany and
France. Having a population of about 66 million. The country is the fifth
largest economy in term of nominal GDP globally and second largest in Europe.
The Kingdom has a well-structured economy which is highly developed and heavily
industrialized. Its Pharmaceutical Research and Development sector is the third
largest in the worlds. It’s leading exports are electronic equipment, machinery,
manufacturing of industrial and transportation equipment, pharmaceuticals,
plastics and rubber products, crude, petroleum products industrial chemicals,
electronic equipment, vehicles, aircrafts, spacecrafts, ships and medical equipment.
Continental wise most of its exports are to European partners while the rest
are to Asia, North America, and Africa. It's top export destinations are United
States, China, France, the United Kingdom and Switzerland
Population:
65.64 million
GDP Growth: 1.8 %
GDP per Capita: 39,899.39 USD
Gross national income: 2.763 trillion USD
Unemployment rate: 4.6%
4. Germany
Germany is a country located in Europe having a
land size of 357,168. It shares borders with nations like Switzerland, France
and the United Kingdom. Having a population of about 82 million, making it the
most populous in Europe. Germany is the fourth largest economy in term of
nominal GDP globally and first in the Eurozone. Germany is a very powerful
nation much advanced in science and technology. The automotive industry is
considered as one of the most innovative and competitive globally. Majority of
the world’s premium vehicles being made within its borders. The economy is
highly developed with a number of industries and natural resources. The country
is considered to be part of the most industrialized nations of the world. The
country is the third largest exporter of goods globally, the third complex economy
and world’s fifth largest exporter of military technology. It is the topmost
country with highly skilled labor, high quality products and innovation in the
world. The service sector, agriculture and industrial sector contributes 71%,1%
and 28% to their total GDP respectively. Its leading exports are electronic
equipment, machinery, manufacturing of industrial and transportation equipment, pharmaceuticals, plastics and rubber products, industrial
chemicals, electronic equipment ,
steel products, vehicles, aircrafs, spacecrafts , ships and medical equipment. Continental
wise most of it export are to European partners while the rest are to Asia,
North America and Africa. Its top export destinations are the United States, China,
France, United Kingdom and Netherland
Population: 82.67 million
GDP Growth: 1.9%
GDP per Capita: 41,936.06 USD
Gross national income: 4.095trillion USD
Unemployment rate: 3.6%
3. Japan
Japan is a country located in the East of Asia.
The country has a land size of about 377,972.28km2 and population of about 127 million.
It shares borders with nations like China, North Korea and Taiwan. In a global
view, Japan ranks highly in healthcare quality, job security, education personal
safety and ease of doing business. Japan has a mixed economy which is heavily industrialized.
It is the second largest in Asia and third in the world in terms of nominal
GDP. Though the country is highly deficited in natural resources, its economy is technologically
based. Ranking second worldwide in terms of automobile production. The country is
world renowned for innovation, research and more than half of its export is
technology. Japan’s stock market is one of the leading in the Tokyo Stock Exchange,
handling more than half of the country’s economic value and a leader in robotic
production worldwide. Its major exports are electronic equipment, machinery, manufacturing
of industrial and transportation equipment, automobiles, iron and steel products
and organic chemicals, ships, and medical equipment. Its leading exports are
electronic equipment, machinery, manufacturing of industrial and transportation
equipment, pharmaceuticals, plastics and rubber products, industrial chemicals,
electronic equipment, steel product, vehicles, aircrafts, spacecrafts, ships
and medical equipment. Continental wise, most of its exports are to European
partners while the rest are to Asia, North America and Africa. It's top export
destinations are the United States, China, United Kingdom and other Asia countries.
Population: 127 million
GDP Growth: 1.0 %
GDP per Capita: 38,894.47 USD
Gross national income: 5.444 trillion USD
Unemployment rate:4 %
2. China
China is a country located in the East of Asia.
The country has a land size of about 9,596,961 km2 and population of about
1.381 billion. It shares borders with nations like Nepal, North Korea and
Russia. In a global view, China ranks highly in healthcare quality, job security,
education personal safety and ease of doing business. China has a mixed economy
which is heavily industrialized. Its economy is the largest in Asia and second in
the world in terms of nominal GDP. In terms of GDP based on purchasing power parity (PPP) the Chinese economy
has overtaken the U.S. economy and is estimated to do better against the U.S.
in the upcoming years. The country has the largest army globally and considered as a nuclear
weapon state. The country has the single largest manufacturing economy in the
world. Virtually everything is manufactured by chine. The country produces 4.073
million barrels of oil per day. Its major export are crude, petroleum product,
cars and parts, electronic equipment, machinery, manufacturing of industrial
and transportation equipment, pharmaceuticals, plastics and rubber products,
industrial chemicals, steel product, vehicles, aircrafts, space crafts,
textiles, ships, medical equipment. Continental wise most of it exports are to
Asia partners while the rest are to Europe, North America and Africa. Its top
export destinations are United States, Hong Kong, Germany, the United Kingdom and
other African partners
Population: 1.379 billion
GDP Growth: 6.7%
GDP per Capita: 8,123.18 USD
Gross national income: 21,366,057 trillion USD
Unemployment rate: 3.97%
1. United States
The United States is a country made up of 50 states
which is commonly referred to as America, it has a land size of 9,833,517
square kilometers making it the third largest nation globally. The population
is about 324 million plus. It shares borders with nations like Canada and Mexico.
The U.S. economy is the largest in the world in terms of nominal GDP. The $19.42 trillion
U.S. economy is 25% of the gross world product. The United States is an
economic superpower that is highly advanced in technology and infrastructure,
blessed with abundance of natural resources. The service sector is the driving
force of the U.S economy, while its manufacturing sector takes the second place
in the world rankings. The country is the number one producer of electrical and
nuclear energy and largest producer of oil globally producing 11.9 million
barrels of crude per day. The U.S. is much advanced in science and technology
making it a global leader in the field. Its major export are crude, petroleum
product, cars and parts, electronic equipment, machinery, manufacturing of
industrial and transportation equipment, pharmaceuticals, plastic and rubber
products, industrial chemicals, steel product, vehicles, aircrafts, spacecrafts,
textiles, ships, medical equipment. Its top export destinations are China, Japan,
Germany, the United Kingdom and other African partners
Population:
324 million
GDP Growth:3.3%
GDP per Capita: 59,495 USD
Gross national income: 18,749,688 trillion USD
Unemployment rate: 4.9%
