List of countries by GDP sector composition


List of countries by GDP sector composition

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This is a list of countries by GDP sector composition based on nominal GDP estimates and sector composition ratios provided by the [https://www.cia.gov/library/publications/the-world-factbook/index.html CIA World Fact Book] at market or government official exchange rates with figures in millions of United States dollars.

;Agricultural sector"Agriculture" (a term which encompasses farming) is the process of producing food, feed, fiber and other goods by the systematic raising of plants and animals. Agricultural output is a component of the nominal Gross Domestic Product of a nation. Though China and the EU lead the world in agricultural output, the US still leads the world in agricultural productivity per farmer among large economies. Fact|date=February 2007

;Industrial sector"Industry" is the segment of economy concerned with production of goods (including fuels and fertilisers). Industrial output is a component of the nominal Gross domestic product of a nation. The proliferation of "Made in China" labels clearly signify the next wave of industrial revolution in the modern era. However, UK still leads the world in factory productivity per labour. Fact|date=February 2007

;Service sectorA "service" is the non-material equivalent of a good. Service provision is defined as an economic activity that does not result in ownership, and this is what differentiates it from providing physical goods. It is claimed to be a process that creates benefits by facilitating either a change in customers, a change in their physical possessions, or a change in their intangible assets. Service output is a component of the nominal Gross domestic product of a nation. Gigantic supermarkets, luxury showrooms and serviced offices are peculiar features of the advanced economies. Fact|date=February 2007

If the economy continues moving at the same rate, China should overtake Germany as 3rd ranking in 2009, Japan as second in 2012 and should replace the United States of America as the world's biggest economy on earth in 2030, meaning that the United States will have been the world's richest nation for 90 years. Great Britain was the world's richest nation and had the largest economy from May 1759 till November 1940.

On a similar note, India should overtake Germany in 2020 and Japan in 2023. It could well put the United States into third position by 2041, although this speculation would assume similar average rates of growth over the next 30 years. Brazil may push the United States into fourth position by 2052.

The position of the European Union is unclear, as there is much debate as to whether it will ever be one united country.

It should be noted that the service sector includes (but is not limited to) farm and factory related activities.

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*GDP (nominal): [https://www.cia.gov/library/publications/the-world-factbook/fields/2195.html Field Listing GDP (official exchange rate)] - CIA world factbook
*GDP Sector composition: [https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html Field Listing - GDP composition by sector] - CIA world factbook


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