Top 4 World’s Strongest Economies in 2019 and 2020

Global economy is a very popular topic nowadays in the business landscape. All entrepreneurs want to know which are the countries with a very promising financial future where they should expand their businesses.

Emerging and developing economy growth are two of the most important aspects that determine the investment decisions of entrepreneurs. Depending on these two elements, investors and entrepreneurs could face many challenges including rising trade barriers, more financial stress, and slowdowns in economies. So, here are the top 4 world’s countries that financial experts forecast as being the strongest economies in 2019 and 2020:

USA

The USA is the largest and stronger economy across the globe since 1871. On 4^th January 2019, the Nominal GDP of the USA has reached $21,48 trillion which is a major increase from the %19.39 trillion in 2017.

It isn’t surprising that the USA is often referred to as a world’s economic superpower since its economy is strongly backed by high-tech innovations, advanced infrastructure, and a wide variety of natural resources. According to financial experts, the US economy is expected to reach a nominal GDP of $24.53 trillion in 2023. So, it is certainly one of the global economies worth to invest in.

China

China is the most reputable economic competitor of the US. In fact, in 2017, based on the purchasing power parity, China’s economy was measured at $23.16 trillion while the US’s GDP based on PPP was $19.39. So, China is the closest economic competitor behind the US.

China is now measuring a nominal GDP with a value of $14.12 trillion as it has become one of the biggest manufacturing and exporting hub of the world. So, China is also often referred to as the “world’s factory”. The Asian giant’s economy has experienced a significant growth in the last decades, thanks to the technology industry and its large-scale manufacturing capabilities. It is projected for China’s economy to reach $37.06 trillion by 2023 which also qualifies the country among one of the most promising economies for investors to invest in.

Japan

The third-largest world’s economy, Japan, had experienced a financial crisis in 2008 which has led to many challenges in terms of economic growth. Moreover, Japan also faced one more challenge, as the economy was starting to slowly recover, when it was hit by a natural disaster, a massive earthquake. However, despite the challenges the Japanese economy is facing, the country still maintains its position as the third-strongest economy across the globe.

In 2019, Japan’s economy has reached $ 5, 22 trillion. And, it is expected to get even better thanks to the 2020 Olympics which will keep the investment flow strong and will bring important amounts of money to the country’s economy.

Germany

Known as Europe’s largest economy, Germany is also the fourth-largest world’s economy with a nominal GDP of $ 4.11 trillion in 2019. Germany is another famous manufacturing leader of our world and its economy is highly dependent on good exports. In the current economic global scenario, Germany has made great efforts to establish itself as a market leader and provider of innovative manufacturing solutions which is expected to lead to significant economic growth of the country in the few next years.