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.

8. Russia

The fall of the Soviet Union did not defer the Russian economy from growing. After privatization of most of its industries the country became a force to reckon with. They are also the highest producers of oil and that sure adds to their strength.

GDP $2.2 trillion

7. The United Kingdom

UK is placed at number seven on the list. Their most successful industries have been agriculture, manufacturing and electronics. England holds a formidable position and plays a crucial role in the finances and political scene of Europe.

GDP $2.4 trillion