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These 20 countries make up 80% of the world's economy

Economic power nations
20. Switzerland – 0.82% share
19. Turkey – 0.89% share
18. Saudi Arabia – 0.91% share
17. Netherlands – 1.06% share
16. Indonesia – 1.25% share
15. Mexico – 1.43% share
14. Spain – 1.66% share
13. Australia – 1.67% share
12. South Korea – 1.89% share
11. Russia – 1.93% share
10. Canada – 1.99% share
9. Brazil – 2.18% share
8. Italy – 2.46% share
7. India – 3.18% share
6. France – 3.24% share
5. UK – 3.29% share
4. Germany – 4.66% share
3. Japan – 5.79% share
2. China – 15.86% share
1. USA – 24.7% share
7 of 21
Jess Kraft/Shutterstock

15. Mexico – 1.43% share

Mexico might be one of the biggest economies worldwide with a GDP of $1.22 trillion (£0.99trn) but growth has been sluggish lately, with Reuters analysts predicting a 0.8% rate of growth for 2019 and 1.4% for 2020. That’s due in part to slowed industrial production, declining investment and a weakening services sector. Mexico narrowly avoided recession in the first half of this year, with GDP growth at just 0.1% in the second quarter. Wealth is also poorly distributed: half the population live in poverty while the net worth of Mexico's richest person Carlos Slim Helú represents almost 5% of the nation's GDP.

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lovemoney staff

26 September 2019

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