economy is set to grow to $25.8 trillion by 2024 with its GDP per capita at rising to $76,252 from the current $65,111.Ĭhina, officially the People’s Republic of China, is the second-largest economy in the world and the fastest-growing trillion-dollar economy. GDP at 2% in 2020, and will decline further to 1.7% in 2021. residents and residents of other countries,' was $124.1 billion during the third quarter of 2019 (or 2.3% of U.S. current account deficit, 'which reflects the combined balances on trade in goods and services and income flows between U.S. trade deficit with China was at $419.52 billion while it was at $320.82 billion during the first eleven months of 2019. tariffs on China, as their associated costs have largely been passed down to them and importing firms in the form of higher prices.” During 2018, the U.S. are bearing the heaviest brunt of the U.S. A study by UNCTAD concluded that “consumers in the U.S.

and China on trade is negatively impacting not just these two countries but many others. However, problems linger with regards to its trading partners and Trump's trade wars, rising debt levels, and its industrial output, among other issues. With the jobless rate hitting record lows at 3.5%, contribution to GDP coming from a majority (17 out of 22) of industry groups and the stock markets soaring at all-time highs, this has been a great period for the U.S. economy is primarily a service- oriented economy with a 77% contribution to GDP. The United States, the world’s largest economy with a nominal GDP of $21.44 trillion, constitutes one-fourth of the world economy. Here’s a look at how these five countries are poised to grow in 2020 If we look even closer, the top five countries in terms of nominal GDP - the U.S., China, Japan, Germany and India - contribute a whopping 55% to the world’s GDP.

Institutional Distribution Intelligenceīased on 2019 figures, about 78% of the global GDP of $86.31 trillion is attributable to the sixteen economies in the trillion-dollar club.

Non-Traditional Exchanges & New Markets.

Directors’ and Officers’ Questionnaires.

World economic statistics