See which are the 10 richest countries in the world, defined according to Nominal Gross Domestic Product (GDP):
1st United States — US$ 18.6 trillion
2nd China — US$11.2 trillion
3rd Japan — US$ 4.9 trillion
4th Germany — US$ 3.4 trillion
5th United Kingdom — US$ 2.6 trillion
6th France — US$ 2.5 trillion
7th India — US$1.2 trillion
8th Italy — US$ 1.8 trillion
9th Brazil — US$ 1.8 trillion
10th Canada — US$ 1.5 trillion
These countries have highly developed economies and have strong financial, tourism and/or real estate sectors.
Some also have significant sources of income that come from oil or natural gas.
In other words, the high GDP per capita means that the average income of the inhabitants of these countries is high.
However, this list may change from time to time, due to economic changes and other factors affecting the world economy.
Therefore, it is worth remembering that nominal GDP is the average of a country's total economic production on a given date that does not take into account price variations.
Some countries with smaller but faster-growing economies may eventually overtake some of these countries in the coming years.
How is a country's GDP determined?
A country's Gross Domestic Product (GDP) is the sum of all final goods and services produced within its borders in a given period of time, usually a year.
It is determined by the sum of household consumption expenditure, business investment, government expenditure, and exports minus imports.
GDP is widely used as a measure of a country's economy and its growth over time.
Who calculates GDP?
The International Monetary Fund (IMF) is the entity that publishes countries' GDPs annually.
In this sense, each country has an agency responsible for calculating and determining the Gross Domestic Product. In Brazil, the agency responsible for this is the IBGE.
The Institute takes into account 3 sectors of the economy: industry, you services and the agriculture.
The growth of agribusiness in recent years was one of the reasons that led Brazil to return to the ranking of 10 countries richest in the world.
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