The power and status of a country is determined to a large extent, by the strength of its economy. The main parameters taken into account, while assessing the economy of a country include its GDP, purchasing power and per capita income.
Here is a list of top 10 economies in the world:
With a purchasing power of $ 2.1 trillion, the economy of Russia features next on the list. The per capita GDP is comparatively low at $ 18100 and 11% of the population is below the poverty line.
Sharing its place with Brazil, Italy too has a purchasing power of $ 2.2 trillion. The per capita GDP is $ 29600 while there are 29.9% of people living below the poverty line in Italy.
Brazil, a South American country, features next on the list of top 10 world economies, with a worth of $ 2.2 trillion. But in terms of GDP per capita as well as percentage below poverty line, the country has shown bad results, being $ 12100 and 21.1% respectively.
Another European nation to find a place among the best economies in the world is France, with the purchasing power of $ 2.9 trillion and a per capita GDP of $ 35700. Nearly 7.9% of the people live below the poverty line which is a reasonable figure.
On the 10th position in the list of top 10 economies in the world is India, with its worth touching $ 2 trillion in 2014. However, the per capita GDP is very low at $ 4000, due to its huge population. Similarly, around 29.8% of people are living below the poverty line.
5. United Kingdom
The UK figures on number 6 in this list, with the purchasing power worth $ 2.8 trillion, as per the statistics of 2014. The per capita GDP of the country was $ 37300, but the country showed poor figures in terms of percentage of people below poverty line at 16.2%.
The next name in the list is that of the European giant, Germany, which has a current purchasing power measuring a huge $ 4.3 trillion, along with a per capita GDP of $ 49814. This country too, lacks on the area of percentage of people below poverty line, being 15.5%.
The small, but progressive economy of Japan, features next among the top 10 economies in the world, with a purchasing capacity of $ 4.8 trillion and a high per capita GDP of $ 42860. However, 16% of the citizens were below poverty line in 2010.
China has become a formidable world power in the current time, with a purchasing power of $ 11.8 trillion. However, the country lacks on the GDP per capita front, with a nominal figure of $ 9800. But the percentage below poverty line being just 6.1% is the strength of this economy.
1. United States of America
USA has been the top most economy of the world for years and continues to hold its position this year too, with a whopping purchasing power of $ 19.2 trillion. The per capita GDP of the country is measured at $ 52800. The estimated percentage of people living below poverty line is nearly 15.1%.
The list above has been prepared on the basis of the purchasing power of these economies and the countries have been ranked accordingly.