
India and brazil have the greatest growth rates, while the united states continues to have the largest economy, according to IMF data. Over the last five years, these two nations' economies have grown fastest among large economies.
According to the research, Canada, Germany, and italy have reduced their debt, while China's debt has reportedly climbed. Japan's economy, however, has been in decline. Data from 2020 to 2025 served as the basis for this research.
Here are some of the key takeaways from the data:
The United States' GDP is projected to reach USD 30.3 trillion in 2025, based on IMF estimates.
In 2020, it was USD 21.4 trillion, showing a 42 percent rise over five years.
The United States' debt-to-GDP ratio has dropped from 132% to 124% throughout this time.
The United States' economic situation has improved despite increased government expenditure.
By 2025, China's GDP is predicted to grow to a value of USD 19.5 trillion.
It was $14.9 trillion in 2020. The Chinese economy has expanded by 31% in the last five years.
India's GDP grows by 60 Percent
India's economy will continue to develop at one of the quickest rates among major nations, according to IMF estimates. The GDP of india is expected to increase from USD 2.7 trillion in 2020 to USD 4.3 trillion in 2025. Since 2020, India's GDP has grown by 60 percent. Financial restraint is seen in the debt-to-GDP ratio, which dropped from 88% to 83%.
Brazil's GDP is predicted to grow by 56% from $1.5 trillion in 2020 to USD 2.3 trillion in 2025. Brazil's debt-to-GDP ratio is now 92% instead of 96%.