What are the world’s largest economies? According to the International Monetary Fund, the following countries have the greatest nominal GDP in the world:
Which country is the most powerful in the world?
In the 2021 Best Countries Report, Canada wins the top overall rank as the world’s number one country for the first time. After coming in second place in the 2020 report, Canada has now eclipsed Switzerland in the 2021 report, with Japan, Germany, Switzerland, and Australia following closely behind.
What is the world’s most dangerous country?
According to International SOS, these are the world’s nine most dangerous countries. They’ve been labeled as posing a ‘very high travel security risk.’
A further five countries have been classified as having ‘severe travel security risks’ (known as Security Risk Zones). Insurgent groups have occupied districts in Ukraine’s industrialized east since 2014, and the country is currently under threat from Russian invasion.
“Government control and law and order in broad areas may be low or non-existent. Armed groups pose a serious threat of violence against travelers and overseas assignees. Government and transportation services are almost non-existent. Foreigners are unable to reach large portions of the country.”
What country will you be in 2021?
The Pacific island nation of Samoa and parts of Kiribati were among the first locations in the globe to greet the year 2021, leaving behind a year highlighted by the COVID-19 pandemic and its social impact. All time zones require 26 hours to reach the new year.
Infrastructure
Iceland ranks first in the IMD World Competitiveness Report for basic infrastructure, with a modern telecoms network and good airport connections. Some of Iceland’s rural roads have poor surfaces, making driving difficult, particularly in severe weather. The majority of people own cars, and public transportation is rather rudimentary.
What accounts for Japan’s high GDP?
Japan has one of the world’s largest and most sophisticated economies. It boasts a highly educated and hardworking workforce, as well as a huge and affluent population, making it one of the world’s largest consumer marketplaces. From 1968 to 2010, Japan’s economy was the world’s second largest (after the United States), until China overtook it. Its GDP was expected to be USD 4.7 trillion in 2016, and its population of 126.9 million has a high quality of life, with a per capita GDP of slightly under USD 40,000 in 2015.
Japan was one of the first Asian countries to ascend the value chain from inexpensive textiles to advanced manufacturing and services, which now account for the bulk of Japan’s GDP and employment, thanks to its extraordinary economic recovery from the ashes of World War II. Agriculture and other primary industries account for under 1% of GDP.
Japan had one of the world’s strongest economic growth rates from the 1960s to the 1980s. This expansion was fueled by:
- Access to cutting-edge technologies and major research and development funding
- A vast domestic market of discriminating consumers has given Japanese companies a competitive advantage in terms of scale.
Manufacturing has been the most notable and well-known aspect of Japan’s economic development. Japan is now a global leader in the production of electrical and electronic goods, automobiles, ships, machine tools, optical and precision equipment, machinery, and chemicals. However, in recent years, Japan has given some manufacturing economic advantage to China, the Republic of Korea, and other manufacturing economies. To some extent, Japanese companies have offset this tendency by shifting manufacturing production to low-cost countries. Japan’s services industry, which includes financial services, now accounts for over 75% of the country’s GDP. The Tokyo Stock Exchange is one of the most important financial centers in the world.
With exports accounting for roughly 16% of GDP, international trade plays a key role in the Japanese economy. Vehicles, machinery, and manufactured items are among the most important exports. The United States (20.2%), China (17.5%), and the Republic of Korea (17.5%) were Japan’s top export destinations in 2015-16. (7 per cent). Export growth is sluggish, despite a cheaper yen as a result of stimulus measures.
Japan’s natural resources are limited, and its agriculture sector is strictly regulated. Mineral fuels, machinery, and food are among Japan’s most important imports. China (25.6%), the United States (10.9%), and Australia (10.9%) were the top three suppliers of these items in 2015. (5.6 per cent). Recent trade and foreign investment developments in Japan have shown a significantly stronger involvement with China, which in 2008 surpassed the United States as Japan’s largest trading partner.
Recent economic changes and trade liberalization, aiming at making the economy more open and flexible, will be critical in assisting Japan in dealing with its problems. Prime Minister Abe has pursued a reformist program, called ‘Abenomics,’ since his election victory in December 2012, adopting fiscal and monetary expansion as well as parts of structural reform that could liberalize the Japanese economy.
Japan’s population is rapidly aging, reducing the size of the workforce and tax revenues while increasing demands on health and social spending. Reforming the labor market to increase participation is one of the strategies being attempted to combat this trend. Prime Minister Shinzo Abe’s ‘Three Arrows’ economic revitalisation strategy of monetary easing, ‘flexible’ fiscal policy, and structural reform propelled Japan’s growth to new heights in 2013.
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What country owes the most money?
What countries have the world’s largest debt? The top 10 countries with the largest national debt are listed below:
With a population of 127,185,332, Japan holds the world’s biggest national debt, accounting for 234.18 percent of GDP, followed by Greece (181.78 percent). The national debt of Japan is presently $1,028 trillion ($9.087 trillion USD). After Japan’s stock market plummeted, the government bailed out banks and insurance businesses by providing low-interest loans. After a period of time, banking institutions had to be consolidated and nationalized, and other fiscal stimulus measures were implemented to help the faltering economy get back on track. Unfortunately, these initiatives resulted in a massive increase in Japan’s debt.
The national debt of China now stands at 54.44 percent of GDP, up from 41.54 percent in 2014. China’s national debt currently stands at more than 38 trillion yuan ($5 trillion USD). According to a 2015 assessment by the International Monetary Fund, China’s debt is comparatively modest, and many economists have rejected concerns about the debt’s size, both overall and in relation to China’s GDP. With a population of 1,415,045,928 people, China currently possesses the world’s greatest economy and population.
At 19.48 percent of GDP, Russia has one of the lowest debt ratios in the world. Russia is the world’s tenth least indebted country. The overall debt of Russia is currently about 14 billion y ($216 billion USD). The majority of Russia’s external debt is held by private companies.
The national debt of Canada is currently 83.81 percent of GDP. The national debt of Canada is presently over $1.2 trillion CAD ($925 billion USD). Following the 1990s, Canada’s debt decreased gradually until 2010, when it began to rise again.
Germany’s debt to GDP ratio is at 59.81 percent. The entire debt of Germany is estimated to be around 2.291 trillion ($2.527 trillion USD). Germany has the largest economy in Europe.
Which country has the highest GDP in 2021?
The United States and China would rank first and second in both methodology’ gdp rankings by 2021. The nominal gap between the US and China is narrowing, since China’s gdp growth rate of 8.02 percent in 2021 is higher than the US’s 5.97 percent. In nominal terms, the United States will be $6 trillion ahead of China in 2021. On a per-person basis, China surpassed the United States in 2017 and is now ahead by $4 trillion, with the gap widening. On a per capita basis, China will continue to be the world’s greatest economy for the next few decades, since the US, which is rated second, grows slowly and India, which is placed third, lags far behind.
In terms of nominal GDP, the top ten would remain same. Iran has surpassed the Netherlands, Saudi Arabia has surpassed Turkey, and Switzerland has surpassed Switzerland on the top 20 list. South Africa’s economic ranking would rise eight places in the top 50, while Egypt would drop four places.
There would be no change in the top 10 list in the ppp ranking. Taiwan overtaking Australia is another change in the top 20. Ireland will move up three places in the top 50.
In 2021, all of the economies in the top 50 will grow at a positive rate. With a 14.04 percent growth rate, Ireland is the fastest-growing economy, followed by Chile (11.00 percent ). Thailand has the slowest growth rate, at 0.96 percent, followed by the UAE (2.24 percent) and Japan (2.36 percent ).
In nominal terms, the United States (1,5) appears on both lists of the top 10 GDP and GDP per capita. In terms of GDP and GDP per capita, Germany (4,17), Canada (9,15), Australia (13,9), the Netherlands (18,12), and Switzerland (20,3) are among the top twenty countries. In both rankings, the United States (2,8) is in the top 10, while Germany (5,18) and Taiwan (18,15) are in the top twenty.
What country is the happiest?
Nordic countries are the happiest in the world. Finland has been named the world’s happiest country for the fifth year in a row, according to World Happiness Report rankings based mostly on life evaluations from the Gallup World Poll.
Iceland
Iceland is the safest country in the world for the 13th year in a row, according to the Global Peace Index. Iceland is a Nordic country with a population of 340,000 people. Iceland has an extremely low crime rate due to its high standard of living, small population, strong social attitudes against crime, great faith in their well-trained, highly educated police force, and a lack of social and economic class tensions. Iceland has no military, and police officers are not allowed to carry firearms (only extendable batons and pepper spray). Equal pay for men and women is also guaranteed by Icelandic legislation, which includes legal same-sex marriage and adoptions, religious freedom, and equal pay for men and women.
New Zealand
New Zealand is the world’s second safest country. New Zealand, like Iceland, has a low crime rate, particularly violent crime. Theft, on the other hand, is a widespread occurrence, particularly among tourists. New Zealand has no harmful creatures, unlike its southern neighbor, Australia, which is notorious for its dangerous biodiversity. Due to the terror attack on two mosques in Christchurch on March 15, 2019, which killed 51 people, New Zealand’s score fell marginally from the previous year. New Zealanders are typically liberal, and there are laws in place to protect people’s right to free speech and expression. New Zealand police officers, like their Icelandic counterparts, do not carry personal guns.
Portugal
Portugal is ranked third in the world’s most tranquil countries. Portugal was ranked 18th in the world in 2014, but has recently risen to third place. Portugal, unlike Iceland and New Zealand, has armed police; yet, it appears that the country’s crime rate has reduced as a result of the enhanced police presence. Portugal has had a recovery in its economy during the last six years, with unemployment falling from over 17 percent to under 7 percent. According to the Annual Global Retiring Index, Portugal is the best country for retirement in 2020, owing in large part to its high level of safety.
Austria
Austria is the world’s fourth safest country. Austria’s 2020 score grew by 0.011 points from 2020, but it remained in fourth place. After Sebastian Kurz’s People Party was elected in October 2017, however, the risk of violent demonstrations indicator in Austria deteriorated. Social unrest has risen as a result of the country’s political instability. Aside from that, Austria is a fairly safe nation to visit. Serious crimes are uncommon, however pickpockets and purse snatchers should be avoided. Furthermore, Austria has been spared any significant terrorist attacks.
Denmark
Denmark is one of the safest and happiest countries in the world, ranking sixth on the Global Peace Index. Denmark is one of the few countries where people, including children, report feeling safe at any time of day or night. Denmark has a high level of equality and a strong sense of shared responsibility for social welfare, both of which contribute to the safety and happiness of the country. Corruption is uncommon in both business and politics in Denmark, where honesty and trust are valued highly. Denmark is also a welfare state, which means that everyone receives services and benefits to make their life easier. In Denmark, everyone has free healthcare, tuition-free education, and at-home care assistants for the elderly.
Canada
According to the Global Peace Index, Canada is the world’s sixth safest country, a position it has held since 2019. Internal disputes, crime rates, and political stability all scored high marks for Canada. In addition to abundant job prospects, excellent healthcare, and efficient governance, Canada is home to some of the world’s friendliest people. Canada’s crime rate is roughly one-third that of its neighboring country, the United States (1.6 incidents per 100,000 vs. 4.5 per 100,000 respectively). In a Gallup poll conducted in 2018, 84 percent of Canadians said they felt safe in their nation.
Singapore
On the GPI, Singapore is ranked sixth. Singaporeans, according to the same Gallup research from 2018, enjoy the highest sense of personal security and have the most positive encounters with law enforcement of any country. Singapore has one of the lowest crime rates in the world, owing to the harsh punishments imposed for even minor offenses. Guns and other weaponry are strictly controlled by the government and police, therefore violent and confrontational crimes are uncommon in Singapore. According to the Economist Intelligence Unit’s Safe Cities Index, the city-state is also the world’s second safest city (EIU). Singapore got first place in infrastructure and personal security, second place in digital security, and ninth place in health security.
Czech Republic
The Czech Republic rounds out the top 10 safest countries in the world. The Czech Republic moved up two places from tenth to eighth place in 2019. The number of crimes, particularly serious crimes, has significantly dropped over time. Despite having relatively easy access to guns in the country, this is the case. Terrorism has a modest impact in the Czech Republic. The country’s drop in ranks is attributed to its relatively heavy engagement in foreign conflicts, a high ratio of prisoners per capita, and a negative rating of its security forces and police.
Japan
Japan is the world’s ninth safest country. For the past 13 years, Japan has been in the top 10 countries in the Global Peace Index, receiving high marks for low crime rates, internal strife, and political terror. Japan’s strained relations with its neighbors, as well as the country’s self-defense forces’ growing size and power, are both cause for concern. Japan is notorious for its strict gun laws and restrictions on immigration. Carrying a firearm is not considered a personal right in Japan. Tokyo is the safest city in the world, according to the Economist Intelligence Unit’s Safe Cities Index, ranking first in cybersecurity, second in health security, and fourth in infrastructure and personal security.
Switzerland
Switzerland, with a score of 1.366, rounds out the top ten safest countries. Switzerland is ranked fifth in the Safety and Security domain, down one spot from last year. Switzerland, along with a number of other peaceful countries, has consistently rated among the top ten weapons exports per capita over the last five years. Fortunately, Switzerland ranks fourth in the world for food security and is one of the top 10 countries with the least amount of domestic and international violence.
The safest countries in the world have some characteristics, such as their levels of prosperity, social welfare, and education. Furthermore, these countries have well-functioning criminal justice systems and governments with strong ties to their citizenry. In the Global Peace Ranking, the United States is now ranked 128th. Since 2016, the United States’ position has dropped every year, owing to a decrease in life satisfaction and a widening wealth inequality. When comparing the study from 2020 to the prior report from 2019, 81 countries were found to be more peaceful than they were the previous year. However, there were 80 “deteriorations,” indicating that 80 countries were less peaceful in 2020 than they were in 2019. The average country rating dropped 0.34 percent. Europe maintained its status as the world’s most peaceful region, which it has retained for every year of the Global Peace Index.