Which country is No 1 in e

For the third consecutive year, Switzerland is the world's best country, according to a new ranking from U.S. News & World Report.

The publication's annual ranking compiles responses from more than 20,000 survey participants. Business leaders and citizens from 36 countries evaluate 80 nations according to 75 metrics such as quality of life, economic influence, power, education and eco-friendliness, among other factors.

Japan saw the biggest jump in rankings this year, moving from No. 5 in 2018 to No. 2 in 2019.

Deidre McPhillips, senior data editor at U.S. News & World Report, tells CNBC Make It that global perceptions of Japan improved in five of the nine broad categories that comprise the overall Best Countries ranking.

Japan also rose to the top spot on the publication's entrepreneurship list, an achievement McPhillips says is "particularly impressive" and driven by metrics such as innovation.

While 2019's list is largely unchanged in comparison to 2018's, there is one newcomer. This year, the Netherlands dropped to the 11th spot, making way for Norway, one of several Nordic countries to make a strong showing.

U.S. News & World Report's annual rankings are part of an analysis project called the 2019 Best Countries Report, one that "speaks to the value of having a strong global standing as nations compete for investment, tourists and influence," Wharton professor of marketing David Reibstein said in the report's press release.

"Today's consumers have infinite choices on where to invest their capital and time," U.S. News & World Report executive chairman Eric Gertler tells CNBC Make It. Lists like this one arm citizens and thought leaders with the data to "help make important business and life decisions."

Now in its fourth year, the project is conducted in partnership with the Wharton School of the University of Pennsylvania and global consumer insights firm Y&R's BAV Group.

Here are the top 10 best countries in the 2019, according to U.S. News & World Report:

10. France

France made the top ten again this year and snagged one of the top five spots for U.S. News & World Report's rankings for cultural influence and heritage.

9. Norway

A newcomer on this year's list, Norway also ranked well on the publication's related lists for raising kids, green living and citizenship.

8. United States

The United States held steady in 2019, keeping its No. 8 spot. It also topped the U.S. News & World Report list of most influential countries.

7. Australia

While in the seventh spot overall, Australia was among the top five countries to headquarter a corporation, travel alone and retire comfortably.

6. Sweden

Sweden made the top ten again and found its way into the top five on lists ranking the best countries for green living, headquartering a corporation and raising children.

5. United Kingdom

The United Kingdom, a regular on the Best Countries list, also ranked among the top five on lists for entrepreneurship, power and cultural influence.

4. Germany

Germany, one of the top five overall countries, also broke the top five spots on specialized lists for education, entrepreneurship, power and influence.

3. Canada

Canada is again in the top three for U.S. News & World Report's annual best countries rankings, a position fueled by metrics such business environment and citizenship. McPhillips also notes that Canada was ranked the top-rated country among millennial respondents.

2. Japan

Japan rose from the fifth spot on last year's list to the second spot on 2019's ranking. According to the U.S. News & World Report's survey results, the country is seen by respondents as one of the most forward looking countries. It also ranks first for entrepreneurship, according to this year's data.

1. Switzerland

Countries by nominal GDP in 2019[n 1]

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year.[2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.[3] Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population.[4]

Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. Other metrics, nominal GDP per capita and a corresponding GDP (PPP) per capita are used for comparing national standard of living. On the whole, PPP per capita figures are less spread than nominal GDP per capita figures.[5]

The rankings of national economies have changed considerably over time, the United States surpassed the British Empire's output around 1916,[6] which in turn had surpassed the Qing dynasty in aggregate output decades earlier.[7][8] Since China's transition to a market-based economy through controlled privatisation and deregulation,[9][10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.[8][1][11] Among others, India has also experienced an economic boom since the implementation of economic liberalisation in the early 1990s.[12]

The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF definitive data for the past year and estimates for the current year are published twice a year in April and October. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo and Taiwan) are included in the list where they appear in the sources.

Table

The table initially ranks each country or territory with their latest available estimates, and can be reranked by either of the sources

The links in the "Country/Territory" row of the following table link to the article on the GDP or the economy of the respective country or territory.

See also

• List of countries by GDP (nominal) per capita
• List of countries by GDP (PPP)
• List of countries by GDP (PPP) per capita
• List of countries by past and projected GDP (nominal)
• List of countries by past and projected GDP (PPP)
• List of country subdivisions by GDP over 200 billion US dollars

Notes

1. ^ Based on IMF data. If no data is available for a country from the IMF, then data from the United Nations is used.
2. ^ Figures exclude Taiwan, and the special administrative regions of Hong Kong and Macau.
3. ^ a b Figures exclude the special administrative regions of Hong Kong and Macau.
4. ^ Note the IMF converts Iran's nominal GDP using the official exchange rate of the rial. Kazemzadeh, Masoud (9 May 2022). The Iran National Front and the Struggle for Democracy: 1949–Present. Walter de Gruyter GmbH & Co KG. pp. 134–140. ISBN 9783110782158. Retrieved 27 June 2022. Looking at the market exchange rate of Iran's national currency, the rial, would be a better way to capture the decline of Iran's economy.
5. ^ The name used in IMF's report is "Taiwan Province of China".
6. ^ The name used in the IMF's report is "Hong Kong SAR".
7. ^ a b c Figures exclude the Republic of Crimea and Sevastopol.
8. ^ Includes Western Sahara.
9. ^ The UN figure excludes the autonomous region of Zanzibar.
10. ^ Data are for the area controlled by the Government of the Republic of Cyprus.
11. ^ Excludes Abkhazia and South Ossetia.
12. ^ The name used in the IMF's report is "Macao SAR".
13. ^ a b c The name used in the IMF's and the World Bank's report is "West Bank and Gaza".
14. ^ a b c Excludes data for Transnistria.

References

1. ^ a b c "World Economic Outlook Database, October 2022". IMF.org. International Monetary Fund. 11 October 2022. Retrieved 13 October 2022.
2. ^ "What is GDP and why is it so important?". Investopedia. IAC/InterActiveCorp. 26 February 2009. Retrieved 23 May 2016.
3. ^ Moffatt, Mike. "A Beginner's Guide to Purchasing Power Parity Theory". About.com. IAC/InterActiveCorp. Retrieved 31 May 2014.
4. ^ Ito, Takatoshi; Isard, Peter; Symansky, Steven (January 1999). "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia" (PDF). Changes in Exchange Rates in Rapidly Development Countries: Theory, Practice, and Policy Issues. National Bureau of Economic Research. Retrieved 23 May 2016.
5. ^ Callen, Tim (28 March 2012). "Gross Domestic Product: An Economy's All". Finance & Development. International Monetary Fund. Retrieved 31 May 2014.
6. ^ Frum, David (24 December 2014). "The Real Story of How America Became an Economic Superpower". The Atlantic. Retrieved 16 February 2022.
7. ^ Matthews, Chris (5 October 2014). "5 Most Powerful Economic Empires of All Time". Fortune. Time, Inc. Retrieved 23 May 2016.
8. ^ a b Kroeber, Arthur R. (2016). China's Economy: What Everyone Needs to Know. New York, United States: Oxford University Press. ISBN 9780190239053.
9. ^ Kau, Michael Ying-mao (30 September 1993). China in the Era of Deng Xiaoping: A Decade of Reform. Studies on Contemporary China. Taylor & Francis. ISBN 9781563242786. Retrieved 23 May 2016.
10. ^ Hu, Zuliu; Khan, Mohsin S. (April 1997). "Why Is China Growing So Fast?" (PDF). Economic Issues. International Monetary Fund. Retrieved 26 May 2016.
11. ^ "China GDP growth slows as population crisis, Covid-19 cloud economic outlook". South China Morning Post. 18 January 2022. Retrieved 12 August 2022.
12. ^ Rodrik, Dani; et al. (March 2004). "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition" (PDF). National Bureau of Economic Research. Retrieved 23 March 2016.
13. ^ "GDP (current US$) | Data". data.worldbank.org. Retrieved 19 October 2022.
14. ^ "United Nations Statistics Division - National Accounts". unstats.un.org.
15. ^ "GDP: Preliminary Estimate for 2021 Q3, and outlook for 2021-22" (PDF). eng.stat.gov.tw. Directorate General of Budget, Accounting and Statistics. Retrieved 20 January 2022.

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