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[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
This is a sortable list of all European countries by their gross domestic product in billions of US dollars at market or official government exchange rates (nominal GDP), according to the International Monetary Fund. The economic and political map of Europe also includes: Turkey, Georgia, Armenia, Azerbaijan, Cyprus and Kosovo.
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database ...
The world’s second largest economy slowed from 4.7% annual growth in the previous quarter and falling short of the official target of “about 5%” growth for 2024, a figure that some analysts ...
China, the world's second-largest economy, faces mounting pressure to begin a deep transition as its growth impetus of recent years runs out of steam. ... Will Europe, whose economy has fallen ...
It is the second largest economy in the world in nominal terms, after the United States, and the third largest at purchasing power parity (PPP), after China and the US. The European Union's GDP is estimated to be $19.40 trillion (nominal) in 2024 [ 7 ] or $28.04 trillion (PPP), representing around one-sixth of the global economy . [ 28 ]
Home to the 19th largest economy in the world, Türkiye has a national GDP of roughly $906 billion. ... not to mention Latin America’s second-largest economy, which grew by 3.1% in 2022 ...
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).