Late-2000s Financial Crisis - Emerging and Developing Economies Drive Global Economic Growth

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.

The Twenty Largest Economies By Incremental Nominal GDP From 2007 to 2013
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

The twenty largest economies contributing to global nominal GDP growth (2007–2013)

Read more about this topic:  Late-2000s Financial Crisis

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