GDP: $14.72 trillion (1st)
Population: 320 million
GDP per capita: $25,800 (27th)
Exports: $1.2 trillion
Imports: $2.1 trillion
The economy is dominated by the services
sector, which makes up 76.7% of GDP. Industry amounts
to 22.2% of the economy, and agriculture is a small 1.2%.
The US is world’s largest manufacturer, making up 19%
of US output. At $1.27 trillion, the US is the world’s 3rd
largest exporter – after China and Germany. It is also the
world’s largest importer at $1.9 trillion in 2010.
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GDP: $8.4 trillion (2nd)
Population: 328 million
GDP per capita: $25,800 (27th)
Exports: $1.2 trillion
Imports: $2.1 trillion
The Euro-zone shares a common currency, the Euro, and the countries within it have given up the controls of their own monetary policy to the European Central Bank. The total GDP of the Euro-zone amounts to 8.4 trillion euro. The main are countries in the Euro-zone are all advanced economies and therefore are geared towards the services sector. Service amount to 71.8% of the economy, the industrial sector adds another 26.5%, while agriculture comes in at under 2%. The Euro-zone exports goods and services to the tune of about 41.1% of its GDP, while it imports around 39.9%.
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GDP: $2.29 trillion (6th)
Population: 62 million
GDP per capita: $32,800 (20th)
The UK economy is dominated by the services sector which makes up 73% of GDP. The services sector are driven by financial services, especially banking and insurance. London is a major financial hub and a center for international commerce. Manufacturing makes up 22.8% of GDP. The UK runs a net current account deficit, the 3rd largest in the world. In 2010, the UK exported $400 billion worth of goods and services, good for 10th place. Imports were at $545.5 billion, the 6th largest. The country therefore carries a rather large trade deficit. Government debt deficits rose sharply to end the 2000′s and that caused debt levels to climb to elevated levels. The current government, led by David Cameron, is undertaking austerity measures to try and trim the deficits.
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GDP: $5.458 trillion (3rd)
Population: 128 million
GDP per capita: $42,500 (19th)
Exports: $756 billion (4th)
Imports: $636 million
The Japanese economy is made 75.7% of services while industry makes up around 22.8%. The country posts a consistent trade surplus and current account surplus. Japan exports $756 billion worth of goods in 2010, 4th best. It’s imports during that time amounted to $636 billion. Japan’s manufacturing sector is very diversified, with a variety of advanced industries – consumer electronics, automobiles, semiconductors, optical fibers, optical media. The county has a heavy emphasis on exports. A strong Japanese Yen hurts Japanese exporters, and political pressure builds when the Yen appreciates too strongly against its rivals.
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GDP: $1.2 trillion (13th)
Population: 22.6 million
GDP per capita: $39,700 (10th)
The economy of Switzerland is one of the world’s most stable economies. Its policy of long-term monetary security and political stability has made Switzerland a safe haven for investors, creating an economy that is increasingly dependent on a steady tide of foreign investment. Because of the country’s small size and high labor specialisation, industry and trade are the keys to Switzerland’s economic livelihood. Switzerland has achieved one of the highest per capita incomes in the world with low unemployment rates and a low budget deficit. The service sector has also come to play a significant economic role.
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GDP: $10.6 trillion (10th)
Population: 34.5 million
GDP per capita: $39,000 (12th)
As with most developed countries the Canadian economy is dominated by its services sector, which employs around 75% of all Canadians. Manufacturing, utilities, and mining make up about 13% of the economy. Trade plays a major role for Canada as exports account for 30% of Canada’s GDP. Canada is endowed with many natural resources such as good land for agriculture, forests for timber, mines with minerals like gold, nickel, uranium, and diamonds. It’s oil reserves help it to be a net exporter of energy – in 2009, net exports of energy products added 2.9% to GDP. Overall, Canada’s natural resources amount to about 58% of Canadian exports, while the manufacturing sector adds another 38% with its production of machinery, equipment, and cars.
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GDP: $1.2 trillion (13th)
Population: 22.6 million
GDP per capita: $39,700 (10th)
The economy grew 3.3% in 2010. The economy is dominated by its services sector, which makes up about 68% of GDP. Agriculture and mining amount for another 10% of GDP, and make up around 57% of the nations exports. The country is rich in natural resources, and its mining sector has seen a once-in-a-century boom as a result of surging prices for commodities. Its mining sector not accounts for 8% of GDP, up from 4% in 1994. Manufacturing accounts for another 12% of GDP.
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GDP: $140.5 billion (52nd)
Population: 4.39 million
GDP per capita: $32,145 (32nd)
Exports: $26.2 billion
Imports: $24.2 billion
Since 1984, the government of New Zealand has undertaken major economic restructuring, moving an agrarian economy dependent on concessionary British market access toward a more industrialised, free market economy that can compete globally.New Zealand’s heavy dependence on trade leaves its growth prospects vulnerable to economic performance in Asia, Europe, and the United States. Leading agricultural exports include meat, dairy products, forest products, fruit and vegetables, fish, and wool..
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GDP: $3.30 trillion (4th)
Population: 320 million
GDP per capita: $44,730 (27th)
Exports: €1.146 trillion
Imports: €1.0 trillion
Germany is the largest national economy in Europe, the fourth-largest by nominal GDP in the world. Since the age of industrialisation, the country has been a driver, innovator, and beneficiary of an ever more globalised economy. Germany is the world’s second largest exporter with $1.120 trillion, €750 billion exported in 2009 (Eurozone countries are included). Exports account for more than one-third of national output.
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GDP: $5.88 trillion (2nd)
Population: 1.34 trillion
GDP per capita: $4,280 (95th)
Exports: $1.58 trillion
Imports: $1.33 trillion
China now participates extensively in the world market and mostly state owned but also some private sector companies play a major role in the economy. As its role in world trade has steadily grown, its importance to the international economy has also increased apace. China’s growth comes both from huge state investment in infrastructure and heavy industry and from private sector expansion in light industry instead of just exports, whose role in the economy appears to have been significantly overestimated
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