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United States (GDP: 25.04 trillion) Since 1871, the United States has been the world’s largest economy. The U.S. dollar is also the most widely used currency for global transactions.
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China (GDP: 18.32 trillion) China’s economic reform program of 1978 resulted in the rise in average economic growth from 6% to over 9%. Another driving force behind the growth of China’s economy is worker efficiency.
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Japan: (GDP: 4.30 trillion) The Japanese economy’s strength comes from its electronic goods industry, which is the largest in the world, and from its automobile industry, which is the third-largest in the world.
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Germany: (GDP: 4.03 trillion) Germany’s highly developed social market economy is Europe’s largest and strongest economy and has one of the most skilled workforces.
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India: (GDP: 3.47 trillion) India is developing into an open-market economy. India’s service sector is the fast-growing sector in the world accounting for 60% of the economy.
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United Kingdom: (GDP: 3.20 trillion) The service sector dominates the UK economy, contributing about 81% of GDP. The financial services industry is particularly important, and London is the second-largest Financial Centre in the world.
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France: (GDP: 2.78 trillion) France’s economy is a diversified free-market-oriented economy. France is the sixth-largest agricultural producer and the second-largest agricultural exporter in the world. France is also one of the most visited tourist destination.
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Canada: (GDP: 1.71 trillion) Canada is considered an energy superpower due to its abundant natural resources such as petroleum and natural gas. It has the world's third-largest proven oil reserves and is the fourth-largest exporter of crude oil. It is also the fifth-largest exporter of natural gas.
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Russia: (GDP: 2.13 trillion) The economy of Russia has gradually transformed from a planned economy into a mixed market-oriented economy. It has enormous natural resources, particularly oil and natural gas. As of 2022, it is the fourth-largest economy in Europe.
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Italy: (GDP: 2.07 trillion) The economy of Italy is a highly developed social market economy. It is the third-largest national economy in the European Union. Italy is the largest hub for luxury goods in Europe and the third luxury hub globally. It is the eighth-largest exporter in the world.
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