Top 10 Richest Countries in the World: GDP is a monetory
representation that shows the market value of goods and services produced in a country over a specific period
of time, usually a year. GDP per capita represents a country's GDP divided
by its population at the time. GDP is not an ideal metric to compare the standard of living in different countries or how prosperous a country is because it does not reflect the cost of living and the rank
of inflation across countries.
Gross Domestic Product is measured by taking into account the total exports, country
, investments, government expenditure, etc. However, labor, which contributes to the difference in the standard
of living and the final cost of goods, is not movable and may not represent GDP. incorrect way.

10- South Korea
:

According to the IMF, it is the tenth-largest economy in the world
in the year 2020-21. Known as the Republic of Korea, the country is in the east of Asia.

9- Canada :
:

After the US, another North American country secured a spot in the list of the world's wealthiest countries. It is the second largest country in the world after country
in terms of total area.

8- Italy:

The Italian economy made an impressive recovery from the shock of the pandemic, returning to near pre-COVID levels of production by the end of 2021. It is now a nearly $2 trillion economy.

7- France:

Another European nation, France, has managed to break into the top ten of the list of the world's wealthiest countries. The country is famous for its wines and sophisticated cuisine. Its capital, Paris, is famous for its fashion houses, classical art museums, and monuments. France slipped one place last year compared to GDP according to the IMF.

6- India:

According to the IMF, the Indian economy is the sixth largest economy in the world. The economy stood at 3..18 in the financial year 2020-21 and is expected to see the 5 trillion mark by 2027 as per the latest IMF predictions.

5. United Kingdom:

The United Kingdom, the island nation of Europe, is made up of four countries – England, Scotland, Wales, and Northern Ireland. The European nation ranks sixth on the list of the richest countries in the world. In 2021, the Indian economy was just $0.1 trillion less than the UK economy which stood at $3.19 trillion. India is expected to cross this mark by the end of 2022, overtaking the UK economy.

4. Germany

Officially known as the Federal Republic of Germany, it is the second most populous country in Europe and the seventh largest on the European continent. Talking about the richest countries in the world, Germany ranks fourth.

3. Japan:

The island nation of East Asia ranks third in the list of the world's wealthiest countries according to the International Monetary Fund. Japan is the eleventh most populous country in the world and one of the most urbanized countries in the world.

2. China:

China is the most populous country on the planet. It was ranked first in the list of the world's richest countries in 2021, beating the United States. It is now the second-largest economy according to the IMF. Officially known as the People's Republic of China, China is located in East Asia and spans five geographic time zones, with 14 boundaries – second only to Russia.

1- United States:

Located in North America, the United States of America ranks third in the world in terms of size and population. It has once again overtaken China to become the richest country in the world.


S.Gupta