According to the data for 2018, from the International Monetary Fund (IMF), it has proved that United States (USA) has the leading economy, it shows that US economy increased from $19.4 trillion from the last year.
China got the second best economy with $14trillion, increase of $2trillion compared to 2017. Japan is in third place with an economy of $5.1 trillion.
Three European nations take up the following places on the list
Germany is fourth with an economy of $4.2 trillion, Unites Kingdom is fifth with an economy of $2.94 trillion and France is sixth with an economy of $2.93trillion.
India is seventh with an economy of $2.85trilion, Italy is eight with an economy of $2.18trillion, Brazil is ninth with an economy of $2.14trillion and Canada is on tenth with an economy of $1.8trillion.
Estimated global economy is $79.98trillion while US covers more than one quarter of the world.
America’s GDP is assumed to grow up by 17.9% between 2017 and 2019, while China’s GDP is predicted to grow by almost double this at 35.2%.
According to a report by expert’s services, China will pass the US economy by 2050 and they also predicts India will pass US.
According to a report America have an economy of $34.1 trillion, India will be around $44.1 trillion and China will be on top with an economy of $58.5 trillion.
France Japan, Germany ,UK are assumed to fall on eighth, ninth, tenth and these countries will be replaced by Indonesia ,Brazil, Russia and Mexico.