India joins Top 10 economies
SINGAPORE (Reuters) â The World Bank has released rankings for gross domestic product for 2004, showing India has joined the league of the world’s biggest 10 economies.
The first seven places are unchanged from 2003 but Spain has overtaken Canada to become the world’s eighth-biggest economy. {{more}}
The table below gives the rankings for the top 20 economies in the world. Web site for the GDP figures and other World Bank tables is: http://www.worldbank.org/data/quickreference/quickref.html
2004 World Economic Ranking in US$ billion â (2003 ranking in brackets)
1. United States (1) 11,668
2. Japan (2) 4,623
3. Germany (3) 2,714
4. United Kingdom (4) 2,141
5. France (5) 2,003
6. Italy (6) 1,672
7. China (7) 1,649
8. Spain (9) 991
9. Canada (8) 980
10. India (12) 692
11. South Korea (11) 680
12. Mexico (10) 676
13. Australia (13) 631
14. Brazil (15) 605
15. Russia (16) 582
16. Netherlands (14) 577
17. Switzerland (17) 359
18. Belgium (18) 350
19. Sweden (19) 346
20. Turkey (21) 302
NOTE: Taiwan is not included in the World Bank statistics. Taiwan’s statistics agency says current price GDP in 2004 was T$10.206 trillion. Using an end-2004 exchange rate of US$1=31.9 Taiwan dollars, the island’s GDP would be equal to about $320 billion, which would make it the world’s 20th biggest economy ahead of Turkey.
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