United States. The United States of America is a North American nation that is the world's most dominant economic and military power.
The United States remains the most powerful country in the world, followed by China and Russia. However, the balance of power may shift in the coming years as countries like India and Brazil continue to grow economically and assert themselves on the global stage.
The world's 12th largest economy
Strong growth in 2021 solidified Australia's position as the world's 12th largest economy in 2021. Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy.
United States. The United States of America is a North American nation that is the world's most dominant economic and military power.
Australia ranks amongst the highest in the world for quality of life, health, education, economic freedom, civil liberties and political rights.
1. Iran. Iran is the oldest country in the world founded in 3200 B.C. and has a topography characterized by numerous mountains and mountain ranges. Iran was established as a country in 3200 B.C.
The smallest country in the world is Vatican City, with a landmass of just 0.49 square kilometers (0.19 square miles). Vatican City is an independent state surrounded by Rome.
Denmark. Denmark should be at the top of the list for expats searching for the best standard of living available. This small Nordic country consistently ranks highly in international surveys on factors like happiness, income equality, safety, and access to education. It's also a global leader in social welfare.
China is expected to hold on to the number one spot. In 2050, the Asian giant is forecast to have the largest economy on the planet. With an ageing population and an annual GDP growth rate averaging just 4.4%, however, China isn't projected to enjoy the exceptional economic growth it experienced during the 2000s.
China is tipped to become the largest economy in the world, holding a 20% share of the world's GDP in terms of purchasing power parity. So its safe to say that China will be economically the most powerful country in the world in 2050.
China, France, Russia, the United Kingdom, and the United States are often referred to as great powers by academics due to "their political and economic dominance of the global arena". These five nations are the only states to have permanent seats with veto power on the UN Security Council.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
The nation holds a PwrIndx* score of 0.2567 (a score of 0.0000 is considered 'perfect'). This entry last reviewed on 06/04/2023. *PwrIndx: Each nation is assessed on individual and collective values processed through an in-house formula to generate its 'PwrIndx' (Power Index) score.
Australia is a highly developed country with a mixed economy. As of 2023, Australia was the 13th-largest national economy by nominal GDP (gross domestic product), the 19th-largest by PPP-adjusted GDP, and was the 20th-largest goods exporter and 24th-largest goods importer.
According to the United Nations World Tourism Organization, the remote Pacific island country Tuvalu is the least-visited country globally.