4: Benin: 3.40: 2020 est. While the 2008 financial crisis took a hit on the Japanese economy and has stunted its growth since then, it is expected that the 2020 Olympics will give it a boost. Rapid population growth can be seen as threatening by neighboring countries. Countries by Real GDP Growth Rate in 2018 (Data from IMF WEO Database, April 2020) This article includes a lists of countries and dependent territories sorted by their real gross domestic product growth rate ; the rate of growth of the value of all final goods and services produced within a … Guyana is followed by South Sudan (4.11%), Bangladesh (3.80%), and Egypt (3.55%). The country has an estimated $21.8 trillion in natural resources, which includes vast amounts of timber, uranium, gold, and iron. Annual population change of the countries of the world. India is developing into an open-market economy from its previous autarkic policies. Benin - Historical Population Growth Rate Data Year Population Growth Rate Growth Rate; 2020: 12,123,200: 2.73%: 2019: 11,801,151: 2.75% In terms of GDP (PPP) Italy’s economy is worth $2.40 trillion and its per capita GDP is $34,260.34. Italy is the eighth-largest exporter in the world, conducting 59% of its trade with other European Union countries. France is the third-largest economy in Europe (behind Germany and the UK) and the seventh-largest economy in the world. Germany’s highly developed social market economy is Europe’s largest and strongest economy and has one of the most skilled workforces. Country (or dependency) Population (2020) Yearly Change Net Change Density (P/Km²) Land Area (Km²) Migrants (net) Fert. France has a nominal GDP of $2.71 trillion. Recent trends have seen an increase in the global lifespan of people by around three years. Birth rate is the number of live births per 1,000 of the population each year. India’s economic liberalization began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatization of state-owned enterprises. There are two main systems of common currency conversion: nominal and PPP. Brazil has the ninth-largest economy in the world and the largest in Latin America with a nominal GDP of $1.85 trillion. PPP stands for purchasing power parity. Canada is considered an energy superpower due to its abundant natural resources such as petroleum and natural gas. Based on our research, UK population will reach 67.54 million by the end of 2020.The calculation is based on the average growth rate of 0.72% over last 9 years since 2011. Going forward, the Japanese economy faces some large challenges such as a declining population and an ever-increasing debt that, as of 2017, is 236% of its GDP. The UK is expected to fall to the seventh-largest economy by 2023 with a GDP of $3.27 trillion. As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. 5: Uganda: 3.34: 2020 est. The value of gross national income, GNI, differs from that of GDP because it reflects the impact of domestic and international trade. The graph shows the population of each continent from the year 1950 to 2020. London is the second-largest financial center in the world. Another driving force behind the growth of China’s economy is worker efficiency. List of countries by population growth rate. 14 countries has growth rate above 1,000% between 1950-2020. Today, India’s growth rate is 1.08% while China, the most populated country in the world at the moment, has a growth rate of only 0.35%. Japan has the third-largest economy in the world with a GDP of $5.15 trillion. Rate Med. Economic growth and prosperity are impacted by a wide array of factors, namely investment in workforce education, production output (as determined by investment in physical capital), natural resources, and entrepreneurship. Industry 4.0 is the term used for this transformation, which embraces solutions, processes, and technologies and describes the use of IT and a high degree of system networking in factories. Fortunately, Italy’s exports are helping to recover the economy. We believe using the recent years’ figures (see the table below) will make the estimation more accurate. What are the largest economies in the world? Because of its dependency on capital good exports, the economy had a significant setback post-2008 financial crisis. Population growth is the increase in the number of individuals in a population.Global human population growth amounts to around 83 million annually, or 1.1% per year. 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