This is good news: while in 2014 France was downgraded by one place in the ranking of the world’s largest economies in favor of the United Kingdom, in 2016, according to the IMF, it regained its fifth place. France represents 2.3% of the global GDP.
The reason? Brexit and the fall of the pound sterling*. Brexit was going to “hurt.” It’s just beginning.
Meanwhile, between China and the United States, the top spot in the ranking is not very clear…
In purely economic terms, China far surpasses the United States: the Chinese GDP now represents 17.3% of the global GDP compared to 15.8% for the United States (in terms of “purchasing power parity”).
A gap destined to widen since China’s growth is expected at 6.6% in 2016 compared to 1.6% for the United States.
But in simple dollar terms, the GDP of the United States is nearly 7 trillion dollars higher than that of China.
The question remains open.
In any case, with 17.47% of the IMF’s capital and 16.54% of the voting rights, compared to 6.42% of the capital and 6.09% of the voting rights for China, the United States dominates the IMF.
