The most developed countries in Europe ranking. Countries with the largest economies in the world. Financial ratings of countries
The US has long been the largest economy in the world. It is home to 1/3 of all millionaires and 40% of the world's billionaires. More than 50% of the planet's foreign exchange reserves are converted into dollars. In information technology, the US is unrivaled; of the top 100 IT campaigns in the world, 75 are in the US and 17 of them are in the top 20. GDP per capita is about 54 thousand dollars, and the average annual GDP growth is about 2.2%.
The transition to a market economy has made China one of the largest economies in the world. It is also the fastest growing economy in the world with an average annual GDP growth rate of 10%, which is very high, for example, in the USA it is just over 2%. In addition, China is considered the world's largest exporter. If this rate of economic growth continues, then by about 2023 China will have the largest economy in the world, which could deal a serious blow to the United States.
In the 1970s, Japan was predicted to eclipse the US economy and become the largest in the world, but as you can see, this has not happened yet, but nevertheless, it is still one of the leading economies in the world. The country has long been praised for its advances in electronics and manufacturing. Japan is also considered one of the most technologically advanced countries in the world. Japan's GDP growth is about 1.5% per year, and its per capita GDP is about 39 thousand dollars.
Germany has the largest economy in Europe, with a GDP larger by as much as $1 trillion compared to France. Also, Germany is the second largest exporting country and one of the first in the automotive industry. GDP growth in Germany is only 0.4% per year, and per capita GDP is about 46 thousand dollars.
Quite a bit ahead of the UK, but in the list, as they say, every penny counts. France has long been considered a global superpower. More than 30 thousand of the world's largest companies come from France. This country has been and is one of the most influential since the formation of the European Union. France is considered the world's fifth largest exporter, and its GDP growth is about 0.2% per year.
Products produced during the year under review. The value is expressed in the national unit of the state. GDP statistics of countries around the world allow us to evaluate economic indicators in a particular state and make forecasts for future development.
Real and nominal GDP
The nominal indicator is the final price calculated according to the market, depending on changes in income and price index. Real indicator - to determine the cost of a product, the growth indicator is used, not the price change:
The term “GDP deflator” hides the ratio of the nominal to the real indicator:
The indicator implies the total volume of all state income for the year, divided by the number of residents. It is used to simplify the comparison of the productivity of countries, since GDP per capita serves as a characteristic of economic activity. This is also a kind of “indicator” of the level of a country with a high gross domestic product, we can say that it is favorable and comfortable for living:
Structure of the world's GDP
The development of society affects three stages: pre-industrial, industrial and post-industrial. Each of them is characterized by a certain type of economic structure. The table clearly shows the characteristics of each stage:
Predominance Agriculture observed today in Afghanistan, Somalia, Cambodia, Laos, Tanzania and Nepal (over 50%).
The share of the service sector in the GDP of countries around the world is gaining momentum, which means that they are characterized by an interest in knowledge workers. Obviously, the share of expenses on an even greater percentage of predominance is in small states that live by providing financial services and. World GDP statistics for 2000 (share of industries, %):
Data for Russia
During 1990–2016, the direction of economic development in Russia changed significantly. There is a simultaneous increase in mining production and an increase in transactions with and finance. But the volumes of agriculture, forestry, manufacturing and transport enterprises are declining.
Share of military expenditures in countries' GDP
Wikipedia has information on the share of the world's GDP going to military spending in 2016:
Every year, studies are conducted on the basis of which a ranking of the GDP of developed and lagging countries is compiled. The place of countries in the world in terms of GDP is determined by the World Bank, which has undergone many structural changes since its founding. Over the past 20 years he has become specialized institution UN. The GDP of the world's countries is calculated in dollars. Today the undoubted leaders are:
- USA– the national unit of the state is considered one of the stable currencies of the world and is used as an international one. Thanks to this fact, the figure in question in the United States is so large: 18.12 trillion. dollars. If we consider it in percentage terms, the annual increase in the country's gross domestic product averages 2.2%, or 55 thousand dollars per capita. The main “earning” corporations in the country are Microsoft and Google.
- China– the second country in the world in terms of economic growth. Today the country's gross product is 11.2 trillion. dollars, increases by 10% annually.
- Japan– 4.2 trillion. dollars. Today the figure increases annually by 1.5%. Per capita it is 39 thousand dollars.
- Germany– the gross product of the state is 3.4 trillion. dollars or 46 thousand per capita. The increase for 2016 is 0.4%.
- Great Britain– 2.8 trillion. dollars.
GDP statistics of the world's leading countries :
GDP statistics in European countries in 2016
Among the EU countries there are also leaders and laggards. According to statistics, the most developed in the EU are:
- Liechtenstein - GDP per capita is just over 85 thousand.
- The Netherlands - for each resident there are 42.4 thousand euros.
- Ireland – 40 thousand euros according to a similar indicator.
- Austria – 39.7 thousand euros.
- Sweden - the gross product is 38.9 thousand euros.
Additionally, the following states can be noted:
World GDP forecasts
The GDP of the leading EU countries is assessed by Forex specialists ambiguously: it is possible that it will increase by 1.7%, but there is a possibility of a decrease of 15%. In addition to the increase, there may also be a decrease in the level of GDP of countries around the world. This phenomenon may affect:
- Venezuela– the estimated projected decrease in gross domestic product by 3.5% is due to the lack of oil, pharmaceuticals and other basic products in the country.
- Brazil– the prices set for extracted iron ore contribute to a decrease in the gross product by 3%.
- Greece– the estimated decrease will be 1.8%.
- Russia– the indicator is expected to decrease by 0.5%, which is due to the imposed sanctions by the EU and the USA. In addition, a decrease in the value under consideration in Russia may be a consequence of a decrease in oil prices. Experts do not rule out an economic recession in the country. A crisis is possible with a probability of up to 65%.
Countries with fast growing GDP 2016
The GDP growth rates of countries around the world are different, however, experts identify 13 of them, which are distinguished by a particular rate of increase.
The ranking of the strongest countries in the world is compiled according to the criterion of nominal GDP volume; it also takes into account the ever-increasing influence of the East on the planet’s economy. Russia in the top ten best states strengthened in ninth position.
1. USA
A few facts
GDP US$15,094,025
Capital Washington
Population 313,232,044 people
Year of foundation 1776
Territory 9,518,900 km2 (excluding dependent territories)
US Economy has held the lead for the last 100 years. Its components are the world's largest banking system and stock exchange, transnational corporations, highly productive agriculture and leadership in the innovative and high-tech industry, in particular the computer and telecommunications industry (Apple, Microsoft).
In 1732, Great Britain decided to close hat factories throughout America and obliged the colonists to buy expensive hats made in English factories. They say that such a dictatorship was one of the reasons for the American Revolution and the subsequent economic boom in the country.
On this moment The United States is home to 139 of the world's 500 largest companies, nearly twice as many as any other country. About 60% of the planet's foreign exchange reserves are converted into US dollars and only 24% into euros. The country has deployed one of the most influential financial markets peace.
In the field of information technology, the United States has no equal. Thus, in the ranking of Business Week magazine, out of 100 companies in the IT field, 75 are from the United States, and in the top twenty there are 17 “Americans,” including Apple, Microsoft, IBM, Adobe and others.
According to statistics, during the US American Football Championship, the average American spends 10 minutes a day discussing matches during work hours. Damage amounts to more than $800 million.
The first skyscraper in the world appeared in 1885 in Chicago. For 2011, only 4 of the 25 most tall buildings planets are located in the USA
In the USA, children of rich parents do not live off their money, but try to build their own careers, relying only on their education and the connections acquired during their studies.
2. China
A few facts
GDP US$7,298,147
Capital Beijing
Population 1,347,374,752 people
Year of foundation 1949 (PRC)
Territory 9,596,960 km2
China at the beginning of the 21st century- a space and nuclear power, which by 2020, according to the plan of the Chinese Communist Party, should overtake the United States in terms of total GDP income. Exports provide 80% of China's government foreign exchange earnings. The country is a leader in the production of more than a hundred types of products, of which the most advanced are automotive and textiles.
The Chinese economy is the fastest growing in the world; its consistent growth rate is about 10% over the past 30 years. The country is also the largest exporter and second largest importer of goods. China's per capita GDP is $7,544. According to average expert estimates, in 8–10 years the absolute figures of China's GDP will catch up with and perhaps exceed those of the United States.
Provinces in China's coastal regions tend to be more industrialized than peripheral regions. By the way, the territories of Hong Kong and Macau are de facto independent and have special status. To visit them you need special permission.
The national currency is the yuan, which measures the value of Chinese “people’s money” Renminbi (RMB). The yuan exchange rate is set by the state, and it cannot be purchased abroad. 1 euro costs about 8 yuan, 1 yuan is a little more than 5 rubles. The Starbucks coffee chain in China is much more famous and stronger in various respects than the fast food restaurant McDonalds.
The population of China in 2012 was more than 1.3 billion people. According to average estimates, it will stop growing by 2030, when it will reach 1.465 billion.
Every year China hosts exhibitions of achievements in the field of high technology, the most famous of which is the Canton Fair in Guangzhou (CECF, Canton Fair). It is one of the most important events in the world of production and trade.
3. Japan
A few facts
GDP US$5,869,471
Capital Tokyo
Population 126,400,000 people
Year of foundation 660 BC e.
Territory 377,944 km2
By GDP size and industrial production volume Japan ranks 3rd after the USA and China. High technologies have been developed - electronics and robotics, as well as transport engineering, including automobile, shipbuilding, and machine tools. The fishing fleet makes up 15% of the world's. Agriculture is subsidized by the government, but 55% of food is imported.
For three decades from 1960, Japan experienced rapid economic growth, which was a consequence of the post-war “economic miracle”. The average rate was 10% in the 1960s, 5% in the 1970s and 4% in the 1980s.
Japan has a high degree of economic freedom: the government works closely with the manufacturer, stimulating its development. The main emphasis is on science and high technology. All this, as well as strict labor discipline, contribute to the rise of the Japanese economy.
A distinctive feature of the country is “keiretsu” - associations of manufacturers, suppliers, distributors around powerful banks, as well as relatively weak international competition in domestic markets. In addition, there are many more social than industrial agreements: for example, a guarantee of lifelong employment in large companies.
The country's three main banks - Mitsubishi UFJ Financial Group (MUFG), Mizuho and Sumitomo Mitsui Financial Group (SMFG) - are now overflowing with deposits.
Japan is the “robot capital” of the world. In terms of the number of industrial robots used, it is even ahead of the United States.
MUFG alone has 129 trillion yen ($1.6 trillion) in deposits and is the world's second-largest bank. The problem is that MUFG does not yet know how to manage this money.
4. Germany
A few facts
GDP US$3,577,031
Capital Berlin
Population 81,751,600 people
Year of foundation 1990
Territory 357,021 km2
Economy of Germany- the largest in Europe. The engine of foreign trade is industry, which makes up a large share of GDP. Agriculture and energy are also developed: the country is a confident leader in the production of wind and solar generators, information and biotechnologies. Germany is the world's second largest exporter: a third of national production goes abroad.
Germany has the leading economy in the European Union and is the main creditor for most European countries, including crisis-ridden Greece. Most of the country's products are related to technology: cars and equipment. The chemical industry is also widely developed. The largest German companies operating in these industries have their branches, research centers and production facilities around the world.
Among them are the famous automobile concerns Volkswagen, BMW, Daimler, chemical companies Bayer, BASF, Henkel Group, the Siemens conglomerate, energy companies E.ON and RWE or the Bosch group. Cities such as Hanover, Frankfurt and Berlin host the largest annual international exhibitions and congresses.
Germany is the leading manufacturer of wind turbines and the main developer of solar energy technologies in the world.
At the end of the 19th century, Great Britain, in an attempt to protect its market from second-rate imports, required that German goods be labeled “Made in Germany.”
Now Germany is experiencing a real “boom” in the automobile industry. It owes this to its key market – China.
However, after a couple of decades, the quality of goods from Germany improved so much that this marking turned into a sign of the highest standard.
5. France
A few facts
GDP US$2,776,324
Capital Paris
Population 65,447,374 people
Year of foundation 843 (Treaty of Verdun)
Territory 674,685 km2
France by total economy occupies leading positions in the EU and consistently ranks among the world's top ten. Leaders in mechanical engineering, chemical and aerospace industries. In terms of agricultural production it is ahead of Germany, and in terms of agricultural exports it is ahead of the United States. Traditionally, the share of wines in exports is high. Major center tourism: more than 75 million travelers visit France every year.
The French economy is the fifth largest in the world and the second largest in Europe (after its main partner, Germany). The country entered the 2008–2009 recession late and was able to exit earlier than most of its peers. From January to March 2011, French GDP growth was more dynamic than expected and amounted to 1%. One of the best indicators in Europe!
France is a nuclear power and one of the five permanent members of the UN Security Council, and it is the most visited country in the world. Paris can be called the tourist capital of the planet, and the Eiffel Tower is the most popular attraction on Earth. These facts automatically make France a champion of world tourism, which accounts for a large share of the state budget revenue. By the way, tips here are already included in your bill and amount to 15% of the order amount.
It is the most famous wine-producing country in the world. Wine was produced here even during the Roman invasion under the leadership of Julius Caesar. According to statistics, 72% of French people have difficulty understanding numerous wine brands.
Champagne was first produced in France in the 17th century. The drink was immediately nicknamed “devilish” - it exploded the barrels in which it was stored
The legendary Bordeaux alone has more than 9,000 varieties! The world's best liqueurs are also produced in France.
6. Brazil
A few facts
GDP US$2,476,908
Capital Brasilia
Population 189,987,291 people
Year of foundation 1822
Territory 8,514,877 km2
Brazil has the greatest economic potential among Latin American countries and produces a variety of products: from petroleum products, steel and consumer goods to computers, cars and aircraft. One of Brazil's main exports is coffee. The country is also a leader in the production of sugar cane, from which ethanol is produced.
Brazil operates one of the fastest-growing economies in the world, with its GDP growing at an average rate of more than 5% per year. The country still maintains high level social inequality inherited by the state since the long colonization by Portugal. However, in last years he went down.
The 1970s marked the beginning of the Brazilian “economic miracle.” It was at this time that a successful national program was initiated to replace gasoline with more environmentally friendly and cheaper ethanol. As part of it, the government also obliged the largest automobile concerns to assemble only those models that can run on ethanol.
Currently, more than a third of GDP is provided by agriculture. The most important fact: Brazilians own 46% of the world market for Arabica coffee - the best type of coffee. At the same time, this state is the most controversial in Latin America in terms of investment. All large companies, as a rule, are extremely monopolized, and management is carried out by closed groups with state participation. The country has a number of customs bans on imports, which makes it difficult to purchase household appliances.
You can get to Mount Corcovado, where the statue of Christ the Savior stands, by rail - a train with two carriages rushes up the jungle-tangled slopes
According to Forbes (2011), Brazil has the eighth largest number of billionaires in the world.
7. UK
A few facts
GDP US$2,417,570
Capital London
Population e 62,698,362 people.
Year of foundation 1801
Territory 243,809 km2
Main export items– mechanical engineering, industrial goods and chemicals. The industrial corporation British Petroleum, which ranks 2nd in Europe in the ranking of the largest, allows you to save on the import of petroleum products and generates significant profits. The UK is also the world's second largest exporter of white clay, from which porcelain is made.
Many historians are inclined to believe that if Russia had passed the Great October Revolution, the country would have developed along the path of Great Britain. Today Britain is one of the most globalized countries in the world. London, along with New York, is the world's largest financial center and has the largest GDP of any city in Europe.
An important role in British economy pharmaceuticals and oil production play a role - the country has around £250 billion worth of oil and gas reserves in the North Sea. Britain carries out 10% of the world's exports of services - banking, insurance, brokerage, consulting, as well as in the field of computer programming. The country is currently ranked 4th in the world (and 1st in Europe) in the World Bank's Ease of Doing Business Index.
The United Kingdom's National Health Service is the third largest employer in the world after the Chinese Red Army and the Indian Railways.
According to tradition established at the beginning of the twentieth century, the birthday of the monarch is celebrated in Great Britain on one of the Saturdays in June - regardless of the actual date
Despite the deep integration (including economic) of all countries of the Kingdom, you will be refused if you wish to pay in Scottish pounds in shops in England, Wales or Northern Ireland. Most Britons don't even know what this money looks like!
8. Italy
A few facts
GDP US$2,198,730
Capital Rome
Population 56,995,744 people
Year of foundation 1946
Territory 301,340, with islands 309,547 km2
Italy is a global supplier household appliances, one of the leaders in the automotive and industrial equipment industries. Exporter of food products: cheese, pasta, wine, olive oil, canned fruit and vegetables, as well as ready-made clothing and leather shoes. At the same time, Italy has little natural resources and imports most raw materials and more than 80% of energy.
After World War II, Italy went through a long journey of significant economic transformation: starting from a total lag, it achieved a developed industrial economy. Per capita income was three times less than in the United States during the same period. Almost half of the country (42.2%) was employed in agriculture. At the moment, according to the IMF and the World Bank, Italy's economy is the eighth in the world and the fourth in Europe in terms of nominal GDP, as well as the tenth in the world and fifth in Europe in terms of GDP calculated by PPP.
Italy is significantly focused on foreign trade. Many of its food products are famous all over the world. Thus, legendary Italian wines, cheeses, and pizza are exported. Almost all products are marked with a special DOC mark (Denominazione di origine controllata), which is a designation of the highest quality - this helps foreign consumers to “weed out” simply similar products (for example, German Gambozola cheese is an imitation of Italian Gorgonzola).
Italian fashion houses Versace, Gucci, Prada, Cavalli, Dolce & Gabbana, Armani and others have become widely known.
The Italian sports car Ferrari 250 GTO of 1962, sold in 2012 for $35 million, acquired the status of the most expensive car.
Car enthusiasts are well familiar with the names of Italian car brands: Ferrari, Maserati and Lamborghini.
9. Russia
A few facts
GDP US$1,850,401
Capital Moscow
Population 143,030,106 people
Year of foundation 862 (beginning of Russian statehood)
Territory 17,098,246 km2
Russian economy characterized by significant dependence on energy prices. According to the Federal State Statistics Service, 65.9% of Russia's exports consist of mineral raw materials. The remaining share consists of metals and gems(16.3%), chemical industry products, machinery and equipment.
Russia is historically rich in intellectual resources. Unfortunately, most of them realize their potential in the West. For example, the founder of the Max Factor company was Maximilian Faktorovich, who opened his first store in Ryazan and emigrated in 1904. It is also worth remembering Google founder Sergei Brin and Daimler engineer Boris Lutsky.
Thanks to economic reforms in the 1990s, Russia privatized most industrial assets, with the exception of energy and defense enterprises. The country's main problem is its heavy dependence on energy resources, in particular oil and gas. The stock market is also on the path of its formation and is assessed by many as speculative. By the way, since 2011, Moscow has had the highest concentration of billionaires in the world.
According to the calculations of the consulting giant PricewaterhouseCoopers, by 2014 Russia will overtake Germany in terms of GDP and enter the top five countries.
Negotiations on Russia's accession to the WTO began in 1995, and the accession itself will take place in September 2012
A large influx of foreign investment and a new stage in economic development, according to experts, should follow in the near future - they are associated with world-scale sporting events: the Sochi Olympics in 2014 and the FIFA World Cup in 2018.
10. India
A few facts
GDP US$1,430,020
Capital New Delhi
Population 1,210,193,422 people
Founded 1950 (full independence from Great Britain)
Territory 3,287,590 km2
Economy of India covers all sectors: from agricultural production to industry. 67% of the working population is directly dependent on agriculture, which accounts for a third of GDP. India is the largest tea exporter and has the world's largest cattle population. At the same time, the defense, nuclear and space industries are highly developed
In the 17th century, India was the richest country in the world - until the arrival of colonialists from Great Britain. The Dutch, Danes, French, Portuguese and other peoples fought to gain trading privileges here. The country is the birthplace of algebra, trigonometry and chess. Now India is a vibrant and diverse state, its economy is increasingly integrated with the world.
The economic reforms carried out in the country since 1990 have had far-reaching consequences. General Electric Capital considers this country unique, PepsiCo finds it the fastest growing, and Motorola is confident that India is becoming one of the leading powers on the planet. Currently, the state is dynamically ascending to the position of a world leader in the IT sector.
One of the main advantages of India is high qualifications and relatively low labor costs, which are actively used by transnational corporations. India is now in 4th place in the world in terms of GDP at purchasing power parity, and in 2050 its volume will overtake the US.
The Taj Mahal monument-mausoleum is a symbol of the tender love of King Shah Jahan for his beautiful wife Mumtaz Mahal
Despite rapid economic growth, India continues to face problems of social inequality and high unemployment.
Text by Dmitry Zolotavin, financial consultant at A-Club in Tyumen, Alfa-Bank
An economic indicator such as GDP per capita is often used to assess the economic condition of a country. Everyone knows about the existence of GDP. People often hear this term in economic news. But, unfortunately, not everyone knows what it is.
GDP is gross domestic product. To put it in simple words, then GDP is an indicator of the value of goods and services produced by a particular state. These are all products and services produced in the state, which are expressed in monetary terms. This indicator is often expressed in US dollars due to the fact that the US dollar is one of the most stable currencies in the world.
Today there are two types of GDP:
- Nominal is the total volume of products and services produced, measured in current prices, that is, in values that are relevant today.
- Real GDP is the total volume of goods and services produced over a certain period of time, measured in basic values. Basic costs are called constant prices.
The difference between nominal and real GDP is that real GDP can only be affected by changes in the volume of goods produced. While changes in nominal GDP are directly affected by the price of products and services sold.
The ratio of the nominal to the real indicator in the economy is called the GDP deflator.
In other words, the deflator is an indicator of the difference in the general level of values in an economic sector.
We divide the total volume of GDP by the number of citizens living in the state.
The most developed states
The most developed countries in the world in 2018-2019, according to the ranking of countries, were the following states:
America entered the ranking of countries with the highest GDP thanks to corporations such as Microsoft and Google. Every year in America there is a growth of the country's GDP of 2.2%. The figure per person is $55,000.
- with a GDP of 11.2119 trillion US dollars. China does not leave its position and still remains one of the most leading economies in the world. According to the forecasts of economists and financial analysts, China has every opportunity to soon displace the United States of America. This is possible thanks to the intensive growth of GDP. The share of China's GDP is growing by 10% annually.
- Takes third place. Despite the fact that economists predict a partial slowdown in Japanese growth, this country today has a GDP of $4.2104 trillion.
According to statistics, the share of this republic's GDP increases by 1.5%. The increase in indicators is due to the established export of cars, household appliances, computers and other electronic goods. This country has a per capita GDP of $39,000.
- It ranks fourth with a GDP level of 3413.5 trillion US dollars per year. The country was able to achieve such indicators thanks to the export of Volkswagen cars, industrial equipment and household appliances. Compared to the previous year, the share of gross domestic product in Germany increased by 0.4%. GDP per capita is US$46,000.
- The last place in the top 5 developed countries of the world was taken by. The level of the indicator at around 2853.4 trillion dollars allowed Great Britain to oust France.
List of developed countries
Below are the top 20 largest countries world, which took leading positions in terms of GDP after the five most developed countries on the planet.
| The name of the country | GDP (expressed in billions of US dollars) |
| France | 2464.8 |
| India | 2288.7 |
| Italy | 1848.7 |
| Brazil | 1534.8 |
| Canada | 1462.3 |
| South Korea | 1321.2 |
| Spain | 1242.4 |
| Australia | 1200.8 |
| Russia | 1132.7 |
| Mexico | 1082.4 |
| Indonesia | 937.0 |
| Netherlands | 762.5 |
| Türkiye | 751.2 |
| Switzerland | 651.8 |
| Saudi Arabia | 618.3 |
| Nigeria | 538.0 |
| Sweden | 512.6 |
| Taiwan | 508.8 |
| Poland | 473.5 |
| Belgium | 465.2 |
Indicators in EU countries
The European Union is a very powerful and unique economic structure. In 2019.
World GDP for 2018
Top 10 most economically developed countries of the European Union (2018 statistics):
- The most developed country in the world, part of the European Union, is Liechtenstein. Despite its small area, the country has an incredibly strong economy, as evidenced by its per capita GDP of €85,400 in 2016.
- Second place goes to the Netherlands. This country has a GDP per capita of 42,400 euros.
- Ireland ranks third. The GDP per capita is 40,000 euros.
- In Austria, the GDP per capita is 39,700 euros.
- Sweden has an indicator of 38,900 euros.
- In Germany, the gross domestic product is 38,800 euros.
- According to statistics in Finland, the GDP level is 38,100 euros.
- Eighth place is occupied by Italy with a GDP of 35,800 euros.
- The UK is experiencing a GDP growth rate. In 2015, this figure was 34,600 euros.
- Tenth place is occupied by Spain with an indicator of 33,700 euros.
Table: GDP level of European countries that are members of the EU
| Republic name | GDP per person (expressed in euros) |
| Denmark | 31 500 |
| Cyprus | 30 700 |
| Belgium | 28 100 |
| Slovakia | 26 100 |
| Slovenia | 25 300 |
| France | 25 800 |
| Portugal | 24 900 |
| Hungary | 24 500 |
| Poland | 24 400 |
| Greece | 23 600 |
| Estonia | 22 900 |
| Czech | 19 800 |
| Romania | 19 700 |
| Lithuania | 18 000 |
| Latvia | 16 700 |
| Bulgaria | 15 800 |
| Malta | 14 600 |
| Croatia | 12 600 |
The "weakest" states
Forex technical analysis economists conducted research on the forecast for GDP growth and decline for 2019. According to the findings, the list of countries with weak economies in 2019 will consist of the following states:
Forecast of the dynamics of GDP growth in other countries of the world
Table: list of countries whose GDP levels are expected to increase in 2019
| Republic name | Expected growth (expressed in %) | Probability of an economic crisis (expressed in %) |
| India | 7.4 | 0 |
| Vietnam | 6.6 | 0 |
| China | 6.5 | 12 |
| Sri Lanka | 6.4 | 0 |
| Philippines | 6.0 | 5 |
| Dominican Republic | 5.4 | 0 |
| Indonesia | 5.2 | 10 |
| Malaysia | 4.5 | 10 |
| Bolivia | 3.9 | 20 |
| Peru | 3.8 | 10 |
| Romania | 3.8 | 10 |
| Poland | 3.5 | 5 |
| Albania | 3.5 | 0 |
| Slovakia | 3.3 | 8 |
| Thailand | 3.2 | 5 |
| Iceland | 3.1 | 0 |
| Türkiye | 3.0 | 20 |
| Bosnia | 3.0 | 0 |
| South Korea | 2.9 | 18 |
| Colombia | 2.8 | 8 |
| Mexico | 2.8 | 10 |
| Sweden | 2.8 | 10 |
| Spain | 2.7 | 5 |
| Czech | 2.7 | 10 |
| Australia | 2.6 | 15 |
| Bulgaria | 2.5 | 10 |
| USA | 2.5 | 15 |
| Armenia | 2.5 | 0 |
| Hungary | 2.4 | 0 |
| New Zealand | 2.3 | 13 |
| Great Britain | 2.3 | 13 |
| Uruguay | 2.0 | 25 |
| Kazakhstan | 2.0 | 33 |
| Taiwan | 2.0 | 55 |
| Germany | 1.8 | 8 |
| Canada | 1.8 | 25 |
| Serbia | 1.6 | 18 |
| France | 1.4 | 10 |
| Norway | 1.4 | 15 |
| Ukraine | 1.4 | 60 |
| South Africa | 1.4 | 25 |
| Italy | 1.3 | 13 |
| Denmark | 1.9 | 0 |
| Kuwait | 1.9 | 0 |
| Chile | 2.3 | 5 |
| Azerbaijan | 2.4 | 0 |
In the EU countries, GDP levels are expected to increase by 1.7%. The probability of a recession is 15%.
How to identify countries with strong economies among the huge number of countries in the world? To identify highly developed states, let's pay attention to ratings - the results of comparative studies done by international experts and organizations to rank countries according to various indicators. Every year, studies are published demonstrating which countries have risen to the TOP and which have fallen down. Let's consider the main indicators that determine which countries in 2019 became the most influential in the economic field and have the highest standard of living, prosperity and freedom.
Level of economic development
The level of economic development evaluates the efficiency and maturity of the country's economy. It is not for nothing that only countries with a high level of economic development are included in the developed group, while the rest are called developing. This level is determined by various ratings.
Rating of countries by GDP
The key indicator is the level of gross domestic product (GDP). This is the name given to the total value of goods, services and other results of the activities of enterprises, firms, companies, institutions, organizations, and individuals. This is the result of the work of all residents of the country in question during the year. It is calculated in two ways. The first is when all income received during the year is added up: interest, profit, salary, and so on. The second is when expenses are summed up (government purchases, investments, consumption, exports minus imports). The official source of such information is the World Bank database. Statistics are updated every year and published in the fall. The indicator is also recorded by the International Monetary Fund and the UN.
The backbone of the world's GDP is produced by only a few countries, mostly large in territory and population.
If all goods and services produced in monetary terms (GDP) are an absolute value, then by comparing the gross domestic product with the population size, we obtain a relative indicator indicating the well-being of citizens.
According to the World Bank and the IMF, the United States of America has the best GDP indicators. Based on countries, the first places in this indicator are occupied by:
| № | A country | 2016 | 2017 |
| 1 | USA | 18624 | 19391 |
| 2 | China | 11222 | 12015 |
| 3 | Japan | 4949 | 4872 |
| 4 | Germany | 3479 | 3685 |
| 5 | Great Britain | 2661 | 2625 |
| 6 | India | 2274 | 2611 |
| 7 | France | 2466 | 2584 |
| 8 | Brazil | 1793 | 2055 |
| 9 | Italy | 1860 | 1938 |
| 10 | Canada | 1536 | 1652 |
| 11 | Russia | 1285 | 1578 |
| 12 | The Republic of Korea | 1411 | 1538 |
| 13 | Australia | 1265 | 1380 |
| 14 | Spain | 1238 | 1314 |
| 15 | Mexico | 1077 | 1149 |
| 16 | Indonesia | 864 | 932 |
| 17 | Türkiye | 859 | 857 |
| 18 | Netherlands | 751 | 771 |
| 19 | Switzerland | 671 | 660 |
| 20 | Saudi Arabia | 652 | 640 |
The presented table with indicators is an actual value, which does not take into account the difference in prices for similar goods and services. As a consequence of this omission, the GDP of developed countries is often overstated, while developing countries have lower figures.
Since purchasing power parity is a more important measure of the quality of life in countries around the world, another ranking based on PPP is more credible.
According to the International Bank, the GDP level at PPP for the countries of the world is:
| № | A country | 2017 | 2018 | 2018 |
| 1 | China | 23190 | 25270 | 18,69 |
| 2 | USA | 19485 | 20494 | 15,16 |
| 3 | India | 9597 | 10505 | 7,77 |
| 4 | Japan | 5427 | 5594 | 4,14 |
| 5 | Germany | 4199 | 4356 | 3,22 |
| 6 | Russia | 4027 | 4213 | 3,12 |
| 7 | Indonesia | 3250 | 3495 | 2,59 |
| 8 | Brazil | 3255 | 3365 | 2,49 |
| 9 | Great Britain | 2930 | 3038 | 2,25 |
| 10 | France | 2854 | 2963 | 2,19 |
| 11 | Mexico | 2464 | 2570 | 1,90 |
| 12 | Italy | 2324 | 2397 | 1,77 |
| 13 | Türkiye | 2186 | 2293 | 1,70 |
| 14 | The Republic of Korea | 2035 | 2136 | 1,58 |
| 15 | Spain | 1778 | 1864 | 1,38 |
| 16 | Saudi Arabia | 1777 | 1858 | 1,37 |
| 17 | Canada | 1764 | 1837 | 1,36 |
| 18 | Iran | 1640 | 1611 | 1,19 |
| 19 | Thailand | 1240 | 1320 | 0,98 |
| 20 | Australia | 1254 | 1318 | 0,98 |
The International Bank evaluates all the economies of the world with the exception of Syria (due to active hostilities), Somalia (since the state has actually broken up into several separate parts) and Venezuela (domestic politics is extremely closed, it is impossible to reliably estimate the level of GDP based on PPP).
Economic freedom
The most important indicator of a country's development is the level (or index) of economic freedom. It has been determined by the American think tank The Heritage Foundation since 1995 and published annually on its website and in the Wall Street Journal.
Experts from the Heritage Foundation center, based on the theories of Adam Smith, define economic freedom as the level of non-interference by the state in the process of production, distribution and consumption, except in situations where it is necessary to protect citizens.
The index is calculated based on the arithmetic average of ten freedom criteria - property, absence of corruption, government share in regulating the economy, freedom of trade, investment, labor, entrepreneurship, monetary, fiscal, financial. For each of them, a rating scale is developed from 0 to 100 points, which are ultimately summed up. The higher the score, the higher the level of economic freedom.
| Available | ||
| 1. | Hong Kong | 90,2 |
| 2. | Singapore | 89,4 |
| 3. | New Zealand | 84,4 |
| 4. | Switzerland | 81,9 |
| 5. | Australia | 80,9 |
| 6 | Ireland | 80,5 |
| Mostly free | ||
| 7. | Great Britain | 78,9 |
| 8. | Canada | 77,7 |
| 9. | UAE | 77,6 |
| 10. | Republic of China | 77,3 |
| 11. | Iceland | 77,1 |
| 12. | USA | 76,8 |
| 13. | Netherlands | 76,8 |
| 14. | Denmark | 76,7 |
| 15. | Estonia | 76,6 |
| 16. | Georgia | 75,9 |
| 17. | Luxembourg | 75,9 |
| 18. | Chile | 75,4 |
| 19. | Sweden | 75,2 |
| 20. | Finland | 74,9 |
| 21. | Lithuania | 74,2 |
| 22. | Malaysia | 74,0 |
| 23. | Czech | 73,7 |
| 24. | Germany | 73,5 |
| 25. | Mauritius | 73,0 |
| 26. | Norway | 73,0 |
| 27. | Israel | 72,8 |
| 28. | Qatar | 72,6 |
| 29. | The Republic of Korea | 72,3 |
| 30. | Japan | 72,1 |
| 31. | Austria | 72,0 |
| 32. | Rwanda | 71,1 |
| 33. | North Macedonia | 71,1 |
| 34. | Macau | 71,0 |
| 35. | Latvia | 70,4 |
Thus, countries with a free economy (from 80 points and above) in 2019 are considered to be Hong Kong, Singapore, New Zealand, Australia, Ireland and Switzerland.
As for the countries of the former USSR, in most cases the level of economic freedom in them is weak. Most states are characterized by active influence of the state on all spheres of life, which often creates some inconveniences and hinders the free development of the economy.
As an example, we present data from 2 studies conducted in 2016 and 2019 for comparison:
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Prosperity Rating
The economic achievements of countries around the world are also measured by their level of prosperity. This indicator is offered by the English analytical center Legatum Institute. He has been calculating it since 2006. This index is determined by the level of social well-being of countries in the areas of economic development, entrepreneurship, governance, health, safety, education, personal freedoms and social capital. Each of the eight criteria is calculated on the basis of statistical studies by the UN, the World Bank, sociological data from the Gallup Institute and other authoritative centers. Based on the results of comparative studies, a ranking of states is published annually. In 2019, such results were published for 142 countries.
| RATING | A COUNTRY | INDEX |
| 1 | Norway | 80.98 |
| 2 | New Zealand | 80.90 |
| 3 | Finland | 80.58 |
| 4 | Switzerland | 79.71 |
| 5 | Denmark | 79.33 |
| 6 | Sweden | 79.15 |
| 7 | UK | 79.12 |
| 8 | Canada | 79.02 |
| 9 | Netherlands | 78.99 |
| 10 | Ireland | 78.95 |
| 11 | Iceland | 78.47 |
| 12 | Luxembourg | 78.15 |
| 13 | Australia | 78.10 |
| 14 | Germany | 77.72 |
| 15 | Austria | 76.64 |
| 16 | Belgium | 76.00 |
| 17 | United States of America | 76.00 |
| 18 | Slovenia | 74.65 |
| 19 | Malta | 74.10 |
| 20 | France | 74.06 |
| 21 | Singapore | 73.73 |
| 22 | Hong Kong | 72.93 |
| 23 | Japan | 72.79 |
| 24 | Portugal | 72.61 |
| 25 | Spain | 72.49 |
| 26 | Estonia | 72.44 |
| 27 | Czech | 72.08 |
| 28 | Cyprus | 70.53 |
| 29 | Mauritius | 69.76 |
| 30 | Uruguay | 69.72 |
| 31 | Costa Rica | 69.33 |
| 32 | Slovakia | 68.84 |
| 33 | Poland | 68.33 |
| 34 | Italy | 68.27 |
| 35 | South Korea | 67.82 |
| 36 | Lithuania | 67.72 |
| 37 | Israel | 67.66 |
| 38 | Chile | 67.59 |
| 39 | United Arab Emirates | 67.01 |
| 40 | Latvia | 66.71 |
The best indicators on the prosperity index are in Norway, Switzerland, Denmark, New Zealand, Sweden, Canada, Australia, and the Netherlands.
Other indicators
There are other indicators by which the rating of a country's economic development is measured. This is the level of GDP per capita. It is not considered a strict characteristic, but is considered an important indicator.
Recent studies of GDP per capita (nominal) according to World Bank estimates show the following results:
| № | A country | $ |
| 1 | Luxembourg | 104103 |
| - | Macau | 80893 |
| 2 | Switzerland | 80190 |
| 3 | Norway | 75505 |
| 4 | Iceland | 70057 |
| 5 | Ireland | 69331 |
| 6 | Qatar | 63506 |
| 7 | USA | 59532 |
| 8 | Singapore | 57714 |
| 9 | Denmark | 56307 |
| 10 | Australia | 53800 |
| 11 | Sweden | 53442 |
| 12 | San Marino | 49664 |
| 13 | Netherlands | 48223 |
| 14 | Austria | 47291 |
| - | Hong Kong | 46194 |
| 15 | Finland | 46703 |
| 16 | Canada | 45032 |
| 17 | Germany | 44470 |
| 18 | Belgium | 43324 |
| 19 | New Zealand | 42941 |
| 20 | UAE | 40699 |
| 60 | Russia | 10743 |
| - | World | 10714 |
A more accurate characteristic is the level of the same indicator in terms of parity (ratio of several currencies) of purchasing power per capita for a certain set of services or goods.
Here the first places are occupied by:
| № | A country | 2017 | 2018 |
| 1 | Qatar | 127755 | 130475 |
| - | Macau (PRC) | 110592 | 116808 |
| 2 | Luxembourg | 103298 | 106705 |
| 3 | Singapore | 95508 | 10345 |
| 4 | Brunei | 78971 | 79530 |
| 5 | Ireland | 73215 | 78785 |
| 6 | Norway | 72170 | 74356 |
| 7 | UAE | 68639 | 69382 |
| 8 | Kuwait | 66197 | 67000 |
| 9 | Switzerland | 62131 | 64649 |
| - | Hong Kong (PRC) | 61529 | 64216 |
| 10 | USA | 59895 | 62606 |
| 11 | San Marino | 68624 | 60313 |
| 12 | Netherlands | 53933 | 56383 |
| 13 | Saudi Arabia | 54595 | 55944 |
| 14 | Iceland | 53834 | 55917 |
| - | Taiwan (PRC) | 50593 | 53023 |
| 15 | Sweden | 51180 | 52984 |
| 16 | Germany | 50804 | 52559 |
| 17 | Australia | 50609 | 52373 |
| 18 | Austria | 50035 | 52137 |
| 19 | Denmark | 50643 | 52121 |
| 20 | Bahrain | 49035 | 50057 |
| 49 | Russia | 27964 | 29267 |
The Human Development Index, which has been published in the reports of the UN Development Program since 1990, is another traditional comparative indicator of living standards and the economy. Norway, Australia, Switzerland, the Netherlands, the USA, Germany, New Zealand, Canada, Singapore, and Denmark have a very high human development rating, according to the latest 2014 report.
Based on all these indicators, the strongest and most efficient economies in the world for 2019 are:
2. Hong Kong
3. Australia
4. Germany
5. Switzerland
7. Netherlands
8. New Zealand
9. Singapore
10. Japan
Corruption Perception Index
Since 1996, the corruption level rating has been recognized as the most important indicator of the state of the country’s economy. Official name– corruption perception index. It was introduced by the international non-governmental organization Transparency International. It takes into account how widespread corruption is in the public sector. This ranking is calculated by analyzing surveys and statistical data. Within the framework of the study, corruption is understood as any extraction of personal gain through abuse of official position.
Interesting: the study is not based on statistics of criminal cases or sentences, but on the opinions of those who suffer from corruption or study this phenomenon.
To determine this index, a scale from “zero” to “one hundred” was developed, where 0 means the maximum level of corruption, and 100 means its absence. Although the methodology by which the rating is determined has been subject to criticism, it is generally considered by experts to be relatively reliable.
| 2018 | A country | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
| № | № | № | № | № | № | № | № | |
| 1 | Denmark | 89 | 90 | 91 | 91 | 91 | 90 | |
| 2 | New Zealand | 88 | 90 | 91 | 92 | 91 | 90 | |
| 3 | Finland | 85 | 89 | 90 | 89 | 89 | 90 | |
| 4 | Sweden | 85 | 85 | 87 | 86 | 86 | 85 | |
| 5 | Switzerland | 85 | 86 | 86 | 86 | 85 | 86 | |
| 6 | Singapore | 84 | 88 | 89 | 87 | 89 | 88 | |
| 7 | Norway | 84 | 84 | 85 | 84 | 86 | 87 | |
| 8 | Netherlands | 82 | 83 | 87 | 83 | 83 | 84 | |
| 9 | Canada | 82 | 82 | 83 | 81 | 81 | 84 | |
| 10 | Luxembourg | 82 | 81 | 81 | 79 | 78 | 79 | |
| 11 | Germany | 82 | 81 | 81 | 78 | 76 | 74 | |
| 12 | Great Britain | 81 | 81 | 81 | 82 | 80 | 80 | |
| 13 | Australia | 77 | 77 | 75 | 74 | 75 | 77 | |
| 14 | Iceland | 75 | 78 | 79 | 79 | 78 | 82 | |
| 15 | Hong Kong | 75 | 77 | 77 | 76 | 75 | 75 | |
| 16 | Austria | 75 | 79 | 79 | 80 | 81 | 85 | |
| 17 | Belgium | 75 | 75 | 76 | 72 | 69 | 69 | |
| 18 | Ireland | 75 | 74 | 76 | 74 | 73 | 73 | |
| 19 | Japan | 74 | 73 | 75 | 74 | 72 | 69 | |
| 20 | Estonia | 73 | 72 | 75 | 76 | 74 | 74 |
The most difficult situation with corruption is observed in the following countries:
| 170 | Sudan | 17 | 18 | 18 | 18 | 20 | 25 |
| 171 | Yemen | 17 | 16 | 17 | 19 | 19 | 25 |
| 172 | DPRK | 17 | |||||
| 173 | Syria | 17 | 14 | 16 | 18 | 15 | 21 |
| 174 | South Sudan | 17 | 12 | 8 | 8 | 8 | 8 |
| 175 | Somalia | 16 | 14 | 12 | 11 | 11 | 13 |
| 176 | Yemen | 16 | 14 | 18 | 19 | 18 | 23 |
| 177 | Afghanistan | 15 | 15 | 11 | 12 | 8 | 8 |
| 178 | Syria | 14 | 13 | 18 | 20 | 17 | 26 |
| 179 | South Sudan | 12 | 11 | 15 | 15 | 14 | |
| 180 | Somalia | 9 | 10 | 8 | 8 | 8 | 8 |
Credit ratings
The economic “health” of a country is also assessed by financial or credit ratings. They are calculated taking into account the financial history of the state, the size of its property and the ability and desire to pay debts. Such an index is needed to make it clear to potential lenders or investors how safe it is to deal with the country. Financial ratings are assessed by international agencies. Moody's, Standard and Poor's and Fitch have the most serious reputations. They work all over the world and help distinguish reliable partners from unreliable ones. Each of them has its own naming system, but in general, countries with a high degree of commitment are designated by the letter A, those of average and below - Ba, risky - B, with high risk and close to default - C.
| № | A country | Long-term rating | Short-term rating |
| 1 | USA | AAA | F1+ |
| 2 | Great Britain | A.A. | F1+ |
| 3 | Germany | AAA | F1+ |
| 4 | France | A.A. | F1+ |
| 5 | Japan | A | F1 |
| 6 | Spain | A- | F1 |
| 7 | Italy | BBB | F2 |
| 8 | Portugal | BBB | F2 |
| 9 | Greece | BB- | B |
| 10 | Ireland | A+ | F1+ |
| 11 | Andorra | BBB+ | F2 |
| 12 | UAE | A.A. | F1+ |
| 13 | Armenia | B+ | B |
| 14 | Angola | B | B |
| 15 | Argentina | B | B |
| 16 | Austria | AA+ | F1+ |
| 17 | Australia | AAA | F1+ |
| 18 | Azerbaijan | BB+ | B |
| 19 | Bangladesh | BB- | B |
| 20 | Belgium | AA- | F1+ |
| 21 | Bulgaria | BBB | F2 |
| 22 | Bahrain | BB- | B |
| 23 | Benin | B | B |
| 24 | Bolivia | BB- | B |
| 25 | Brazil | BB- | B |
| 26 | Belarus | B | B |
| 27 | Canada | AAA | F1+ |
| 28 | Congo | CC | C |
| 29 | Switzerland | AAA | F1+ |
| 30 | Ivory Coast | B+ | B |
| 31 | Chile | A | F1 |
| 32 | Cameroon | B | B |
| 33 | China | A+ | F1+ |
| 34 | Colombia | BBB | F2 |
| 35 | Costa Rica | BB | B |
| 36 | Cape Verde | B | B |
| 37 | Cyprus | BB+ | B |
| 38 | Czech | AA- | F1+ |
| 39 | Denmark | AAA | F1+ |
| 40 | Dominican Republic | BB- | B |
| 41 | Ecuador | B | B |
| 42 | Estonia | A+ | F1+ |
| 43 | Egypt | B | B |
| 44 | Ethiopia | B | B |
| 45 | Finland | AA+ | F1+ |
| 46 | Gabon | B | B |
| 47 | Georgia | BB- | B |
| 48 | Ghana | B | B |
| 49 | Gambia | CCC | C |
| 50 | Guatemala | BB | B |
| 51 | Hong Kong | AA+ | F1+ |
| 52 | Croatia | BB+ | B |
| 53 | Hungary | BBB- | F3 |
| 54 | Indonesia | BBB | F2 |
| 55 | Israel | A+ | F1+ |
| 56 | India | BBB- | F3 |
| 57 | Iraq | B- | B |
| 58 | Iran | B+ | B |
| 59 | Iceland | A | F1 |
| 60 | Jamaica | B | B |
| 61 | Kenya | B+ | B |
| 62 | South Korea | AA- | F1+ |
| 63 | Kuwait | A.A. | F1+ |
| 64 | Kazakhstan | BBB | F2 |
| 65 | Lebanon | B- | B |
| 66 | Sri Lanka | B+ | B |
| 67 | Lesotho | B+ | B |
| 68 | Lithuania | A- | F1 |
| 69 | Luxembourg | AAA | F1+ |
| 70 | Latvia | A- | F1 |
| 71 | Libya | B | B |
| 72 | Morocco | BBB- | F3 |
| 73 | Moldova | B- | B |
| 74 | Macedonia | BB | B |
| 75 | Mali | B- | B |
| 76 | Mongolia | B | B |
| 77 | Malta | A+ | F1+ |
| 78 | Maldives | B+ | B |
| 79 | Malawi | B- | B |
| 80 | Mexico | BBB+ | F2 |
| 81 | Malaysia | A- | F1 |
| 82 | Mozambique | R.D. | C |
| 83 | Namibia | BB+ | B |
| 84 | Nigeria | B+ | B |
| 85 | Nicaragua | B | B |
| 86 | Netherlands | AAA | F1+ |
| 87 | Norway | AAA | F1+ |
| 88 | New Zealand | A.A. | F1+ |
| 89 | Oman | BBB- | F3 |
| 90 | Panama | BBB | F2 |
| 91 | Peru | BBB+ | F2 |
| 92 | Papua New Guinea | B+ | B |
| 93 | Philippines | BBB | F2 |
| 94 | Pakistan | B | B |
| 95 | Poland | A- | F2 |
| 96 | Paraguay | BB | B |
| 97 | Qatar | AA- | F1+ |
| 98 | Romania | BBB- | F3 |
| 99 | Serbia | BB | B |
| 100 | Russia | BBB- | F3 |
| 101 | Rwanda | B+ | B |
| 102 | Saudi Arabia | A+ | F1+ |
| 103 | Seychelles | BB- | B |
| 104 | Sweden | AAA | F1+ |
| 105 | Singapore | AAA | F1+ |
| 106 | Slovenia | A- | F1 |
| 107 | Slovakia | A+ | F1+ |
| 108 | San Marino | BBB- | F3 |
| 109 | Suriname | B- | B |
| 110 | Salvador | B- | B |
| 111 | Thailand | BBB+ | F2 |
| 112 | Turkmenistan | CCC- | C |
| 113 | Tunisia | B+ | B |
| 114 | Türkiye | BB | B |
| 115 | Taiwan | AA- | F1+ |
| 116 | Ukraine | B- | B |
| 117 | Uganda | B+ | B |
| 118 | Uruguay | BBB- | F3 |
| 119 | Venezuela | R.D. | C |
| 120 | Vietnam | BB | B |
| 121 | South Africa | BB+ | B |
| 122 | Zambia | B | B |
| Rating | Rating value |
| AAA | lowest risk, maximum creditworthiness |
| AA+ | moderate risk, very high creditworthiness, first level |
| AA | moderate risk, very high creditworthiness, second level |
| AA- | moderate risk, very high creditworthiness, third level |
| A | moderate risk, high creditworthiness, second level |
| A- | moderate risk, high creditworthiness, third level |
| BBB+ | moderate risk, sufficient creditworthiness, first level |
| BBB | moderate risk, sufficient creditworthiness, second level |
| BBB- | moderate risk, sufficient creditworthiness, third level |
| SSS | high risk and threat of default, significant credit risk |
Index with a “human face”
The past few years have demonstrated the importance of such an indicator of economic development as social progress. Previous indicators corresponded to economic theories, but they did not show how economic growth affected people's lives. Therefore, in 2013, the Social Progress Index was developed as an alternative to economic indicators. Its author is Harvard University professor Michael Porter. This rating is calculated based on the analysis of data from sociological surveys, expert opinions and statistical information from international organizations. When determining each country's achievements in this area, researchers took into account more than fifty factors.
- This is the satisfaction of basic needs - food, provision of water and medical care, housing, degree.
- Then the fundamental foundations of well-being are taken into account - access to education and information, literacy and communication levels.
- And finally, development opportunities are analyzed - the level of protection of civil and political rights and self-realization is determined.
| RATING | A COUNTRY | INDEX |
| 1 | Norway | 90.26 |
| 2 | Iceland | 90.24 |
| 3 | Switzerland | 89.97 |
| 4 | Denmark | 89.96 |
| 5 | Finland | 89.77 |
| 6 | Japan | 89.74 |
| 7 | Netherlands | 89.34 |
| 8 | Luxembourg | 89.27 |
| 9 | Germany | 89.21 |
| 10 | New Zealand | 89.12 |
| 11 | Sweden | 88.99 |
| 12 | Ireland | 88.82 |
| 13 | UK | 88.74 |
| 14 | Canada | 88.62 |
| 15 | Australia | 88.32 |
| 16 | France | 87.88 |
| 17 | Belgium | 87.39 |
| 18 | South Korea | 87.13 |
| 19 | Spain | 87.11 |
| 20 | Austria | 86.76 |
| 21 | Italy | 86.04 |
| 22 | Slovenia | 85.50 |
| 23 | Singapore | 85.42 |
| 24 | Portugal | 85.36 |
| 25 | United States of America | 84.78 |
| 26 | Czech | 84.66 |
| 27 | Estonia | 83.49 |
| 28 | Cyprus | 82.85 |
| 29 | Greece | 82.59 |
| 30 | Israel | 82.47 |
| 60 | Russia | 70.16 |
It is clear from the research we have analyzed that there is a direct link between economic freedom, financial security, standard of living and social progress. Countries such as New Zealand, Australia, Canada, Switzerland, Norway, and the Netherlands lead the way in providing their citizens with decent, civil and political rights, and paying their bills fairly. Little Asian “tigers”: Singapore or Hong Kong, like the oil “millionaires” (UAE, Qatar) are “ahead of the rest of the planet” in terms of economic freedom and per capita income. But countries with strong and efficient economies - the USA, China, Japan, Great Britain, Germany - are distributed in different positions in the ranking, because they are not always able to provide the people living there with a high level of income and opportunities for development.