A latest report released by World Bank suggests new figure on biggest economy in the world. It also shows how six largest middle income economies account for 32.3 percent of world GDP: China, India, Russia, Brazil, Indonesia and Mexico.
The report was made based on the 2011 International Comparison Program (ICP), which assesses economies based on purchasing power parity (PPP). The ICP round gathered over 7 million prices from 199 economies in eight regions.
Here the top 9 world’s economy based on PPP: the United States, China, India, Japan, Germany, Russia, Brazil, France and Britain
WB also ranks the five economies with the highest GDP per capita: Qatar, Macao SAR, China,Luxembourg, Kuwait, and Brunei
Instead of GDP percapita, WB offers waealth indicator: actual individual consumption per capita. There are five economies with highest actual individual consumption per capita are Bermuda, United States, Cayman Islands, Hong Kong SAR, China, and Luxembourg.
Discover more WB report here