Emerging and Developing Economies Drive Global Economic Growth
The financial crisis has caused the "emerging" and "developing" economies to replace "advanced" economies to lead global economic growth. Previously "advanced" economies accounted for only 29% of incremental global nominal GDP while emerging and developing economies accounted for 71% of incremental global nominal GDP from 2007 to 2013 according to International Monetary Fund. In this graph, the names of emergent economies are shown in boldface type, while the names of developed economies are in Roman (regular) type.
| Economy | Nominal GDP (billions in USD) |
|---|---|
| (01) China | 5,526.074 |
| (02) United States | 2,209.071 |
| (03) Brazil | 1,090.443 |
| (04) Russia | 913.864 |
| (05) India | 812.698 |
| (06) Japan | 793.550 |
| (07) Australia | 643.736 |
| (08) Indonesia | 514.208 |
| (09) Canada | 385.770 |
| (10) Saudi Arabia | 329.652 |
| (11) Germany | 269.376 |
| (12) Mexico | 239.934 |
| (13) Argentina | 238.627 |
| (14) South Korea | 209.347 |
| (15) Turkey | 202.692 |
| (16) Switzerland | 197.256 |
| (17) Thailand | 178.008 |
| (18) Colombia | 177.853 |
| (19) France | 153.159 |
| (20) Iraq | 144.459 |
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The twenty largest economies contributing to global nominal GDP growth (2007–2013) |
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Read more about this topic: Late-2000s Financial Crisis
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