China-US GDP gap narrows

In the rankings of 2017 GDP released in early July, China remains the worlds second-largest economy with $12.24 trillion, compared with $19.39 trillion for the US. The figure previously stood at $11.20 trillion and $18.57 trillion in 2016.

India replaced France as the worlds sixth-largest economy, with a GDP amounting to $2.60 trillion, while Frances figure was $2.58 trillion in 2017.

In the World Banks ranking, the largest economy is the United States, followed by China, Japan, Germany and the United Kingdom.