Each country’s economic system gives a global view about it and shows to what extent the economy of a given country has achieved success compared to economies of other countries, and can be defined as the market value of all final goods and locally recognized services produced in a country over a specified period of time.
These countries are considered in the world -according to the GDP for 2018:
Belgium is the first country to undergo industrial revolution in the continent of Europe in the early 19th century.
Belgium has developed an excellent transport infrastructure of ports, canals, railways and highways to integrate industry with its neighbors.
The economy is concentrated mainly in the densely populated Flanders in the north, around Brussels and in two of the largest cities of Wallonia, Liege and Charleroi, along the Sillon INDUSTRIAL.
Belgium imports raw materials and semi-finished goods that are being processed and re-exported.
The Belgian economy has remained stable in recent years and it current GDP(494.733$) is expected to rise in the coming years.
The economy of Poland is the largest economy in Central Europe and the sixth largest economy in the European Union and the largest among the former communist member states of the European Union.
Before the recession of 2008, its economy grew at an annual rate of 6.0%. According to the Central Bureau of Statistics in Poland the Polish economic growth rate in 2010 was 3.9%, which was one of the best results in Europe.
In 2014 its economy grew by 3.4% and is expected to grow 3.4% in 2014, 3.7% in 2015 and 3.9% in 2016.
Poland’s GDP is rising at a rate of GDP by $ 524,886.
Sweden is known as the richest country in the world with gross domestic product (GDP) and has rightly defended its position this year.
GDP for the current year rose 4% from the previous year. Sweden’s economy is a growing export-oriented diversified economy with the help of wood, hydro power and iron ore.
This constitutes the basis of resources for the economy directed towards foreign trade. Major industries include steam vehicles, telecommunications, pharmaceuticals, industrial machinery, precision equipment, chemical goods, household goods and applications, forests, iron and steel.
Taiwan Island has proved itself as one of the most important economic centers of gravity in Southeast Asia and a tourist attraction.
Has been working hard to develop internal mechanisms for its economy by establishing a network of relations based on trade, investment and human resources with other countries.
The Taiwan economy has been boosted by good export policies and gross domestic product has grown to more than 2%.(579.302$)
The Argentine economy continues to suffer from many domestic crises that have weighed heavily on the peso exchange rate, as well as the consequences of the economic tension that began with the start of global trade tensions, as well as the poor economic traditions that continue to affect the economy.
This year is somewhat better, with gross domestic product rising 2.5%. The gross domestic product amounted to $ 638,717.
It has one of the most stable economies in the world. Its long-term monetary and security stability has made Switzerland a safe haven for investors and has sought to create an economy increasingly dependent on the steady flow of foreign investment.
Switzerland is one of the countries with the highest per capital income in the world with low unemployment and a balanced budget. The service sector plays a major economic role in the country. Despite its limited size and non-availability of raw materials, Switzerland is experiencing remarkable economic success in the industrial and financial fields.
With gross domestic product (GDP) at $ 659,368, Switzerland is the richest country around the world with a stable economy.
19. Saudi Arabia.
The Saudi economy is getting stronger year after year, overcoming the difficulties and crises facing global economies.
Which led analysts to stress that the Saudi economy is the largest of its kind in the Middle East undisputed, as well as its direct impact in drawing up global economic plans and programs, As the world’s largest oil exporter.
GDP by $ 707.379 GDP fell for the first time since the global crisis of 2007–08, due to the collapse of oil prices.
The Netherlands economy is stable compared to other European countries and has a slightly higher unemployment rate (8%). The gross domestic product (GDP) reached $ 660 billion, with the services sector accounting for 73.1%, the industrial sector at 24.6%, and the agricultural sector at 2.3%.
Thus, the per capital GDP is over $ 40,000, giving Dutch citizens one of the highest standards of living. In the world.
Turkey’s economy has undergone stormy winds during periods of political upheaval, the lira’s decline and volatility in international relations.
Nevertheless, Turkey’s economy has risen significantly, 11 percent growth was recorded in the third quarter of 2017, making Turkey the fastest growing economic growth in the Group of 25. Turkey is now among the world’s leading producers of agricultural products, textiles, automobiles, ships and other transport equipment, construction materials, Consumer electronics and home appliances.
In recent years, Turkey has witnessed rapid growth in the private sector, but the state continues to play a major role in industry, banking, transport and communications.
GDP declined last year, but it has rebounded this year by 3%.
The Indonesian economy has witnessed remarkable growth and achieved positive growth in recent years compared to the rest of the East Asian countries,
despite the economic challenges in the world economy, where the Indonesian economic growth rate ranged from 5.5 to 6.5% over the past three years.
Indonesia has good economic fundamentals. The country is large in size and has a large population. The land is rich in natural resources and underground resources, because it combines the characteristics of ancient construction terraces and bases.
In the concave areas, important resources have accumulated within sedimentary layers such as oil and gas.
In the old bases, important raw materials appeared for coal, iron, diamonds, and gold. Climate, water and organic conditions are also suitable for the expansion and development of agricultural economic activities.
Gross domestic product: 1.01$trillion.
Mexico is a country known for poverty, corruption, drugs and gangs that control the country better than the official government does in some areas, but what most of us do not know is that Mexico is a very strong economical country.
It is the largest producer of silver, the tenth largest oil exporter in the world. The impact is not clear on the country or on the people because of the widespread and rampant corruption in most sectors and levels.
Mexico is proud of its economy, which ranks 15th in the ranking of the world’s largest economies with a nominal GDP of 1.142 trillion dollars.
Mexican economic activity accelerated in the first quarter Of the current fiscal year.
The Spanish economy is one of the most important economic systems in the world. This economic system depends on a large number of pillars and important factors.
The Spanish economy is transformed from an economy based primarily on agriculture to a diversified economy of importance in Europe in recent decades, despite the financial crisis of 2008 -2011.
Now it national income reaches about 1.31 $ trillion.
Australia’s economy is a booming western economic market, dominated by the services sector (68% of GNI), although the agriculture and mining sector accounts for 10% of total combined national income.
But they account for 57% of the country’s exports.The Australian stock market in Sydney ranks 16th as the world’s largest stock market by market capitalization.
The economy fell slightly from last year, recording 1.7% compared to 2.4% last year when this year’s GDP is 1.35$ trillion.
Many years have passed since the crisis, during which Russia was able to repay its debt and become a major player in the global energy market and build up international reserves of about $ 460 billion.
But since 2014 it has been facing a long-term economic crisis caused by Western sanctions and low oil prices, amid questions about the ability of the Russian economy to withstand these two external shocks.
But eventually the Russian economy seems to be recovering from the effects of economic sanctions and the falling oil price.
It reached Gross Domestic Product (GDP): $ 1.527.469 .
11. South Korea.
Due to decades of economic growth, South Korea has become a global force of medium size.
Shifting from a country that has been dependent on aid to a donor country
By relying on education and training to improve competitiveness and improve productivity.
Also, it has played a developmental role in economic planning and public-private cooperation.
GDP: 1.53 $trillion.
This year is quite bright for the Canadian economy, with GDP growing by 4,6% in the last months.
The country is undergoing tremendous growth in advanced technology and service industries.
It’s economy is knowledge based and increasingly diversified.
it no longer relies exclusively on natural resources , but Canada’s economy is growing through innovation and technology.
“The country that forgot how to develop itself”.
Gross domestic product at 1.9 trillion Dollar, although the Italian economy has began to recover in the current year.
But it is facing some problems including rising dept, liquidity and the difficulties of finding jobs for the Italian community.
meanwhile thousands of immigrants who come from Africa and work for very low payments.
Brazil has grown rapidly in recent decades, becoming one of the rinsing economic powers, but still suffering from socio-economic inequalities.
Brazil is called a country of contradictions, it is known for its great economic growth, but it has many social problems that make it out of the third world.
The Brazilian economy began to recover after a sharp decline in 2015 to reach a national income of 2.05$ trillion and accounting for about 2.8% of at the global economy.
France’s economy faced a lot of ups and downs in the past and until now.
Structurally; France’s per capital GDP appears to how maintained a lower rate than in Europe for years.
Yet the French government brings always new plans and tries it best to slave the weaknesses.
This makes France decrease from the fifth to the seventh place with national income reaching 2.5$ trillion.
The Indian economical system depends on many sectors that contributed in the GDP increasement this year according to CNN money.
Rapid growth in agriculture (4,5%), manufacturing (9,1%) and construction sectors (11,5%) in overall growth which stabilized the Indian GDP growth at 7% after the rapid growing in 2015.
India now comes with a national income of about 2.6$ trillion.
5. United kingdom
In the fifth places, Britain was dissolved and the country’s national income is about 2,62 $ trillion, accounting for about 3.8 percent of the global economy.
The British gross domestic product growth has declined compared to previous years. According to the world bank data, the government didn’t stay still and as they survived after the second world war.
They are working harder again on increasing the national income.
Who would ever believe that Germany will become the richest european country nowadays after all the issues and problems that the Deutschland faced the past.
This what made the whole world so impressed by the miracle of German economy ,which stood up to financial crisis and grew despite the amount of crisis that hit the economies of many countries.
With an income of 3.66$ trillion , Germany is the fourth strongest economical country in the world .
Japan experienced relatively steady fluctuations in gross domestic product after the huge economic boom of the 1980s.
The current GDP is 0.9 percent, compared to the last recovery in in 2010 (when it was 4.2 percent).
Many reasons made of Japanese economy the third most strong one in the world with a national income of about 4.87$ trillion.
Although Japan doesn’t have natural resources but they its great strength is in the Japanese people and sciences.
Since 2010 China has been and still the world’s biggest exporter of commercial goods and the world’s second largest importer.
It is also the fifth largest importer of commercial services and this makes China in the second place as the world’s most powerful economy with Chinese national income reaching about 13$ trillion. Accounting for for almost 15 percent of the global economy.
1. United States
For years, the United States has been ranked first in the world, and the national income in the country is about 20$ trillion, accounting for about 25% of the global economy.
The economical strength is due to many reasons such as: A financial system that supports private enterprises, International research universities, Entrepreneurship culture, No existence of union barriers, The government members number is less then in other industrialized countries.
Also a favourable regulatory environment, A decentralized political system in which States compete , Growing population immigrants, working hard for long hours, Power supplies make America independent.