With so many countries fighting the race for being number 1, it is difficult to figure out the exact positions. A lot of surveys are conducted to keep a check on the most powerful economies of the world.
After going through various surveys and listings we have come up with a list of top 9 (as per our observation) countries of the world. Read the article below for a detailed view on what makes them so influential.
#1. UNITED STATES
Constant with its number 1 position, the U.S.A is a federal republic comprising 50 states and five major territories. Even after the shocking elections of 2016, US is the leading economy in the world. It is a highly developed country and has the world's largest economy by PPP. Americans hold nearly 40% of the total wealth of the world. It ranks among the highest in several spheres of socio-economic performance, including wages, human development, per capita GDP, and productivity per person.
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Russia is one of the world's wealthiest nations capitalizing on its natural resources. Its military spending has always been more than the countries within NATO. It spends nearly currently 5.4% of its annual GDP on defense and military.
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China has the world’s largest military safeguarding a population of about 1.4 billion people. China had a rapid growth and became one of the world's fastest-growing major economies. As of 2016, it is the world's second-largest economy and has the largest purchasing power parity (PPP). It is also the world's largest exporter and second-largest importer of goods. It is a recognized nuclear weapons state. With its fast control over export and import, it might become the largest economy by 2050.
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#4. UNITED KINGDOM
The United Kingdom is an island in the northwestern Europe comprising of England, Scotland, Wales and Northern Ireland. UK's capital and its largest city, London is the financial center of the nation. The United Kingdom with its extensive defense budget stands high in the list of most powerful countries in the world.
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Germany is the powerhouse of Europe. It includes 16 constituent states and covers an area of 357,021 square kilometers. It ranks as the second most popular immigration destination in the world. Berlin is the capital and largest metropolis of Germany. The states of Germany are not allowed to uphold their own armed forces. As per the German Constitution, all matters concerning defense fall into the federal government department.
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France is one of the largest economies of Europe, with GDP per capita of $42,384. It is a unitary semi-presidential republic and one of the world’s top exporters of weapons. Paris, one of the largest and the most influential cities is the capital of France.
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Japan is the world’s third-largest economy. It is located in the Pacific Ocean, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the southwest. Japan consists of 6,852 islands. It is one of the most technologically advanced nations.
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The Jewish nation has a strong economy. It encourages a high level of education and a good per capita income for the citizens. Israel has fought several wars with its neighboring Arab states but is still going strong as a nation.
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#9. SAUDI ARABIA
Saudi Arabia is one of the wealthiest and most powerful nations in the Middle East because of its oil reserves. On the geographical front, it is the fifth-largest state in Asia and second-largest state in the Arab world, just after Algeria. The Kingdom of Saudi Arabia has one of the best-funded defense forces in the Middle East.
(Image Courtesy: Life In Saudi Arabia)
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