In this piece, we will take a look at the top 30 developing countries in the world. For more countries, head on over to Top 5 Developing Countries in the World.
There are 193 countries in the world. But only a few account for the bulk of the global economic output as this metric also follows the Pareto Law like others. In fact, according to the World Economic Forum, the global economy was worth a whopping $86 trillion as of 2019. Out of this, the U.S. alone represented almost one fourth of the total economic output, with a $20.76 trillion GDP. In second place was China with its $13.6 trillion economy, beating Japan whose gross domestic product (GDP) was worth $4.97 trillion. Cumulatively, the top fifteen countries, with the last one on the list, Mexico, with its $1.5 trillion GDP, represented a stunning 75% of the total world economic output.
The latest GDP data, courtesy of the World Bank, shows that…
