Who is the largest economy in the world?

The country with the largest economy is the United States. At present, the top major economies in the world are the United States, European Union, China, Japanese and German. Due to the rapid economic development of China and other countries, the ranking among these economies often changes. The ranking is also based on the real GDP of the economy.

When there are economic problems or difficulties in the economy, unified monetary and fiscal policies are often adopted to deal with the crisis and overcome the difficulties. Such as the role of the European Union in the Greek crisis.

Extended Information Although high-income economies occupy a monopoly position in this year's ranking, as a middle-income economy, China's performance is an exception. China stood out in the rankings, ranking 29th.

China's innovation performance is very close to the top 25 high-income economies, especially in human capital development and R&D investment. In terms of innovation quality, China also scored high, and it is widening the distance with other middle-income economies.

Francis Gurry, Director General of the World Intellectual Property Organization, said: "For economies at all stages of development, innovation will have a far-reaching positive impact on stimulating economic growth. But this prospect will not come true automatically. Every economy must find the best policy mix to mobilize the inherent innovation and creativity potential in the economy. "

Baidu Encyclopedia-Economy