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 capital gross domestic product according 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 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 it largest cities to be Amsterdam, Hague and Rotterdam. It has the largest port in Europe and 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 island. Its 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 manufacture 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 manufacturers 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 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, it 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 barres per day. It 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, aircrafts, spacecrafts, 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 barres 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 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. It 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, 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 being the second largest population and is also the fastest growing economy since the mid 1990’s. 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. It major export are machinery, electronic equipment, steel products,vehicles and parts ,precious metals, pharmaceuticals, crude and petroleum products. Its top export destinations are 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, 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 top most 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 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, it 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 it exports are to European partners while the rest are to Asia, north America and Africa. It’s top export destinations are 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 single largest manufacturing economy in the world. Virtually everything is manufactured by chine. The country, produces 4.073 million barres of oil per day. It 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, 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
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. It 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, 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%
