Accordingly, Britain is in danger of losing its place.

 

The five largest economies in the world

USA

The US’s gross domestic product was the equivalent of 17.92 billion euros in 2018. The country tops the list of the world’s largest economies, well ahead of number 2. A growth path is still in sight for the future, albeit a little more slowly than before. The trade dispute with China, in particular, is having a negative impact on economic growth.

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China

The growth of China’s economy has slowed. The crisis with the USA contributes enormously to this. Compared to the previous year, growth was “only” 6.6 percent, which is the lowest it has been in 30 years. But: China is the second largest economy in the world and the gap to the USA is narrowing.

Japan

The economy in Japan has been growing continuously since 2012, albeit at different rates. The GDP grew by 0.94 percent in 2016, by 1.71 percent in 2017 and by 1.21 percent in 2018. The population of Japan is one of the wealthiest in the world, especially the middle class is very broad.

Germany

The economy in Germany continued to grow in 2018, to a gross domestic product of 3.69 billion euros. Further growth is expected for 2019, albeit weaker than in the previous year. The situation in Great Britain will also have an impact on Germany.

Great Britain

Great Britain still ranks fifth among the largest economies in the world. The UK’s GDP was 2.57 billion euros in 2018. The uncertainty about Brexit already severely inhibited economic growth in 2018.

India could oust the UK from fifth place

As a result of Brexit, the British could soon slip to seventh place. Number 5 of the world’s largest economies could then be India, the former British colony.

In 2018, India ranked seventh among the world’s largest economies after France. Economic growth in the emerging market is expected to be 7.6 percent in 2019. That is significantly more than in the industrialized nations, which means that France can be overtaken.