BEST ECONOMIC GROWTH COUNTRIES IN THE WORLD
By Prince Sie
25th December, 2021
The United States
The United States’ economy is the largest in the world as measured by nominal GDP. America’s biggest contributor to GDP is the economy’s service sector, which includes finance, real estate, insurance, professional and business services, and healthcare.
China
China has the world’s second-largest nominal GDP in current dollars and the largest in terms of purchasing power parity (PPP). China’s annual growth is currently outpacing that of the USA and the country may be on track to overtake the United States as the nominal GDP number one in the coming years.
China has progressively opened its economy over the past forty years and economic development along with the standards of living have vastly improved. The Chinese government has gradually phased out collectivized agriculture which has allowed greater flexibility for market prices, and increased the autonomy of businesses, foreign and domestic trade and investment have all increased.
It is nice information on national growing on other countries