GDP of the world’s leading economies in 2018

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According to VNA correspondent in South Korea, the World Bank (WB) on July 7 said that Korea’s nominal gross domestic product (GDP) in 2014 was 1,619.4 billion USD, continuing to maintain its position. 12 out of 205 countries in the world.
GDP of the world’s leading economies in 2018
People move on the streets of Seoul, South Korea on August 17.

Previously, South Korea’s GDP continued to rank 14th from 2009 to 2013, then rose to 13th place in 2014 and 11th position in 2015, 2016, before falling to the 12th position in 2017. .

According to the World Bank, the nominal GDP of the US in 2018 - the largest economy in the world - reached 20,494.1 billion USD. The next positions are China (US $ 13,608.2 billion), Japan (US $ 4,970.9 billion), Germany (US $ 3,996.8 billion) and the United Kingdom (US $ 2,825.2 billion).

The WB also stated that Korea’s Gross National Income (GNI) per capita in 2018 reached 30,600 USD, ranking 30th in the world, up one rank compared to 2017. Meanwhile, if calculating GNI according to purchasing power parity (PPP) of this country is 40,450 USD, ranked at the 33rd position in the world, down two places compared to 2017.

Switzerland is the world leader in GNI per capita (US $ 83,580), followed by Norway (US $ 80,790) and British Isle of Man (US $ 80,340).

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