China has crossed Japan in the list of top ten economies of the world in the second quarter financial report 2010. Now china is the second largest economy where as Japan is descended to third position. The economies of the world are under stress because of global financial crunch. Specially, USA is going down in the graph as its financial market is facing slump. Lots of financial institutions have been bankrupted because of global depression. The global economy is finding no chance of recovery despite of strong efforts by the American president. But it is expected that global economy will recover a bit in 2010. Following are the top ten 10 richest economies of the world.

No. Country GDP (PPP) Economy Value
1. USA
 $ 14,260,000 trillion
2. China $ 8,789,000 trillion $1.33 trillion
3. Japan $ 4,137,000 trillion  $1.28 trillion
4. India $ 3,560,000 trillion
5. Germany $ 2,811,000 trillion
6. United Kingdom $ 2,149,000 trillion
7. Russia $ 2,116,000 trillion
8. France $ 2,110,000 trillion
9. Brazil $ 2,025,000 trillion
10. Italy $ 1,760,000 trillion

There are 12 factors which are taken into consideration when these countries are compared with eachother. Following are those factors;

  1. Institutions
  2. Infrastructure
  3. Macroeconomic Stability
  4. Health And Primary Education
  5. Higher Education And Training
  6. Goods Market Efficiency
  7. Labor Market Efficiency
  8. Financial Market Sophistication
  9. Technological Readiness
  10. Market Size
  11. Business Sophistication
  12. Innovation

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January 10, 2010 | Mohsin Ali | 8 Comments | 855 views