• 15 February 2019 - 17:52
  • News Code: 97092
پرچم ایران

Based on the International Monetary Fund's outlook form the world economies in 2023, Iran will rank the 15th in the globe.

According to Statistics Times, in 2018, Top ten countries in nominal terms are : United States, China, Japan, Germany, United Kingdom, France, India, Italy, Brazil and Canada. In ppp terms (Parity Purchase Power), Top ten countries are : China, United States, India, Japan, Germany, Russia, Indonesia, Brazil, United Kingdom and France.

This ranking is based on projection by International Monetary Fund (IMF) outlook April 2018 for year 2018 and 2023. Contribution of top ten economies is 67.1 percent and 61.54 percent of total global wealth in nominal and ppp terms, respectively.

Iran based on GDP (Normal) in 2018 and 2023 ranked 29th and 36th, respectively. While in terms of GDP (PPP) Iran stood at 18th and 15th in 2018 and 2023, respectively.

In both methods, United States and China occupied first two place. US is the largest economy of world on nominal basis where as China is largest on ppp basis. US is ahead of China by $6320 billion in 2018. This margin may come down to $2963 in 2023. China has overtook US in 2014 on ppp basis. China will remain the world's largest economy on ppp basis over the next few decades as 2nd ranked US is growing slow and 3rd ranked India is way behind.

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