Which country has the best economy?

Global investment has in the past been established to have correlation to the economic bedrock of different countries. The global economies have been shifting from different countries since the end of world War II and cease of cold war economies. A strong economy provides an assurance of stability which provide a conducive investment environment. The current discussion of which country has the best economy is thus a fundamental to determine the best country for investment about the above argument.

Using the Gross Domestic Product (GDP) and the market worth of a country’s goods and services in a financial year, the economic value of a country can be determined. GDP is determined and evaluated by government authorities and the international markets rates of exchange hence the gross rapid spending and saving lead to development and prosperity of a country in less amount of time. This article will use the GDP to find the most powerful economy, although the result could be different if Purchasing Power Parity (PPP) could be used.

United States of America has reclaimed its top position as the best economy in 2015 from the third position in 2014 in terms of nominal GDP at the current dollar rate. It is forecast that the USA will hold this position for the next decade with the present statistics. The core reason behind her 1st rank in the world is due to its power full money planes and GDP. Gaining from her vast and rich natural resources. Approximately, the $17.41 trillion US economy is 22% of the gross world product. The details further highlight USA GDP per capita approximately $54,678 compared to $12,893 in China.

In contract, China takes the first position slightly above the USA when the economic power is calculated based on the Purchasing Power Parity (PPP). China has $17.63 trillion, and the US GDP is $17.41 trillion. In answering the question of which country has the best economy, it is concluded that USA leads when measured using GDP while China leads with the measurements of PPP.