The largest economy in the world is that of the United States of America. They’ve held the top position for over 140 years now. But their home run is sure to end very soon. As China is all set to catch up by the end of this year. The GDP of China grew furiously in 2013, breaking all its pre-set targets for the year. There is a simple reason for the Asian countries to do so well, rate of industrialization in Asia is far superior to that in the West. Do you know that an average Chinese works 2,307 hours annually, while an American only works 1790 hours. But it doesn’t end here; most economists are predicting that once China takes over it will be surpassed by India by 2048. The top positions in the list of largest economies remain the same more or less. Dear fellow Americans start working more and cut down the holidays.

10. India

The Indian economy is booming and the growth rate has not dipped below 7% since 1997. The major industries that fuel this growth are IT services, agriculture, and outsources businesses.

GDP $2 trillion

9. Italy

The economy of Italy is very diversified. They rely highly on their industries to maintain the per capita income. Over the years Italy has also benefitted from its membership in groups like G8 and European Union.

GDP $2.1 trillion