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Economy budget of Worldwide Superpower Nations

Superpower nations are the richest and most powerful nations in the world. Every superpower has its own unique traits such as China's strong economic influence, America's political support, and Russia's military strength. However, the USA's role in the world has evolved drastically since the days of WWII. Nowadays, America's main goal is to protect the world against terrorism while maintaining its position as an economic superpower.

Economy Budget of China

The economic budget of China, the strongest economy in the world, is in the trillions of dollars a year. Because China has been in the world’s biggest economy for a very long time, the government has been able to grow at a very fast rate. The government is taking steps to control inflation and create a stable economic situation. This can be seen in the fact that China’s stock prices are on the rise.

The Chinese economy is a $13 trillion dollar market, second only to the United States. Economic development has long been the driving force behind China’s rapid industrialization, with a long history of rapid economic growth that has led to unprecedented prosperity for its citizens.

China is the world's second-largest economy, with a nominal GDP of $10.5 trillion, accounting for 13.5 percent of global GDP. It was also the world's second-fastest-growing economy in 2016. China's gross domestic product (GDP) growth rate has been consistently around 9 percent (or above) since the early 1990s and it recently peaked at 11 percent in 2015 and has been the world's largest economy since 2010. China is now the world's largest exporter and second-largest importer.

China’s 2021 economy will be about $11.5 trillion (US), which is about 13% larger than its economy in 2011. The financial system is predicted to grow by way of 7.2%.

China's economic growth has been phenomenal in the past few decades and is expected to continue. By 2021, its economy is expected to become the world's second-largest and will be larger than the US economy. The Chinese economy grew by an average of 10.4% in the 1980s and 6.9% in the 1990s. In the 2000s, growth was slower at about 7.5% and then picked up to about 9.5% in the 2010s.

The economy budget of China in 2021 will be at its highest level in the history of the People\'s Republic of China. The economy budget of China was US \$23.7 trillion in 2019, of which an estimated \$3.5 trillion will be spent in the areas of science, technology, and education. Of the \$3.5 trillion, about \$1.5 trillion will be spent on infrastructure and other investments. The remaining \$2.0 trillion will go to people\'s consumption, $0.7 trillion will be spent on subsidies, and \$1.3 trillion will cover other expenditures.

Economy Budget of USA

The USA is a great economic superpower. It possesses its own military and economic influence throughout the world. In the global economy, the USA ranks fourth with a gross domestic product of $17.5 trillion and a national debt of $8.7 trillion. It is currently the world's strongest economy with a 3 percent GDP growth rate.

The USA's economy is among the strongest in the world, with average annual GDP growth of 3% and a low unemployment rate of 5.5%. The USA's GDP is about $17.5-trillion, and is the largest among the G20 countries, accounting for nearly 20% of the entire world economy. According to the OECD, the USA's share of world GDP is expected to increase by around 1.6% in the coming years. The USA's economy has a long history of growth, having only dropped by more than 2% just once in the past decade.

The economic budget of the USA is around $16 trillion, but it has an average household income of $46,000. The Gross Domestic Product of the USA is $16,500,000,000,000. Although the USA has an impressive GDP, it has a declining average standard of living. The USA does not have a large military budget, but it does have a large military budget as well as a massive defense system and a huge military presence across the globe.

World Power Nations Budget for Military

World power ranking based on military spending, by the percentage of the world’s GNP. The first eight countries are the U.S., UK, France, Germany, Japan, Russia, China, and India. These five countries account for about two-thirds of the world’s total military spending. They spend a total of $3.5 trillion, or 13.5% of the world’s GDP, on their military.

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