This article will bring you to the list of the richest countries in the world by 2017 GDP. Insider Monkey has recently published an interesting article about it. GDP, or gross domestic product, is one of the parameters that gives insight into a country’s economy, i.e. how successful a certain economy of a country is compared to others. For their research in order to find out which were those richest countries by 2017 GDP Insider Monkey have consulted the IMF. There they have made inquiry which has led them to making and exporting the wanted database from the main database – the World Economic Outlook. The main criteria of our inquiry consisted of GDP, current prices, currency – US dollar, and the scale in billions. The data they gathered was from the updated form for April 2017. So, in short, the figures you will see further down on the list represent the state of current GDP growth by country expressed in billions of U.S. dollars.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked four of the richest countries in the world by 2017 GDP from their list.
The first one is Sweden. Being known as the one of the richest countries in the world by GDP, Sweden is rightly defending that position this year as well. Sweden’s GDP for 2017 has grown 4 percent more than last year, with as high as 1.7 percent growth in the second quarter. The next country is Taiwan Province of China. Taiwan’s economy is on the rise, mainly because of good export policies. In 2017 GDP grew more than 2 percent up until now, but the predictions are that it will decline by the end of the year. The third country on our short list is Argentina. The economy of Argentina has been fluctuating during last several years with recent drops of GDP in 2016. This year has shown a somewhat better situation, with GDP growing from2.5 to 3 percent in the second quarter of 2017. At last, but not least we are mentioning Netherlands. The economy of Netherlands seems to be on a rather small but stable growth trend, which is a trend convenient for one of the richest countries in the world by 2017 GDP. It has reached the projected 2.1 percent GDP growth. Projections for the next year are 1.7 percent.
For any further useful information, read Insider Monkey’s article about 25 richest countries in the world by 2017 GDP.