India Passes Japan as World’s 3rd Largest Economy!

According to the IMF, the European Union has the largest GDP, worth $15.8 trillion, followed by the United States with $15 trillion, China with $11.3 trillion, and India now narrowly ahead of Japan, with $4.458 trillion against $4.44 trillion. In per capita terms, of course, the U.S. and Japan are far ahead of the two Asian giants: U.S. (sixth in the world), $48,387; Japan (24th), $34,740; China (92nd), $8,382; India (129th), $3,694 (all in PPP).

These are all measured in so-called Purchasing Power which is a concept somewhat unfamiliar to me.

A recent full article in Japan Times predicts that before mid-century Japan will be only the world’s 9th largest economy. I had predicted on this blog that Japan would be out of the top ten by the end of the century.  A mere 88 years off now!

About vlg338
This entry was posted in Demographics and Social Vulnerability. Bookmark the permalink.

1 Response to India Passes Japan as World’s 3rd Largest Economy!

  1. wastewater1 says:

    Immersed along with partners in the commodities and energy sector, it is very obvious that India is quickly evolving as so many of the global opportunities we see coming across are desk are in fact, contractual projects which are direcftly tied to India and secondly, China. No surprise here!

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