ECONOMICS
| Rank | Country | Economy Complexity Score |
|---|---|---|
| 1 | United States | 25.54% |
| 2 | China | 18.43% |
| 3 | Japan | 4.19% |
| 4 | Germany | 4.10% |
| 5 | India | 3.55% |
| 6 | United Kingdom | 3.00% |
| 7 | France | 2.78% |
| 8 | Italy | 2.06% |
| 9 | Canada | 1.99% |
| 10 | Brazil | 1.98% |
The United States is a highly developed/advanced market economy. It is the world’s largest economy by nominal GDP, and the second-largest by purchasing power parity (PPP) behind China. It has the world’s seventh-highest per capita GDP (nominal) and the eighth-highest per capita GDP (PPP) as of 2022. The U.S. accounted for 25.4% of the global economy in 2022 in nominal terms, and around 15.6% in PPP terms. The U.S. dollar is the currency of record most used in international transactions and is the world’s reserve currency, backed by a large U.S. treasury market, its role as the reference standard for the petrodollar system, and its linked eurodollar. Several countries use it as their official currency and in others, it is the de facto currency.
China has an upper-middle-income, developing, mixed, socialist market economy, that incorporates industrial policies and strategic five-year plans. It is the world’s second-largest economy by nominal GDP, behind the United States, and the world’s largest economy since 2016 when measured by purchasing power parity (PPP). Due to a volatile currency exchange rate, China’s GDP as measured in dollars fluctuates sharply. China accounted for 19% of the global economy in 2022 in PPP terms, and around 18% in nominal terms in 2022. Historically, China was one of the world’s foremost economic powers for most of the two millennia from the 1st until the 19th century. The economy consists of public-sector enterprises, state-owned.
Japan is recognized as the country with the world’s most diverse economy, an attribute that the country has due to the sophistication of its exports. Originally known for its automobile industry, Japan had to adapt after facing stiff competition from its neighboring countries particularly China and South Korea. As a result, the country now focuses on the production of high-tech and sophisticated items such as robotics, optical fibers, biochemistry products, and hybrid vehicles. The country enjoys a favorable balance of trade with its annual exports exceeding its annual imports by about $58 billion. The primary export goods from Japan include motor vehicles.
Europe’s largest economy, Germany, is recognized as having the third-most diverse economy in the world. The commodities produced in Germany are ubiquitous, earning it the reputation of having a diverse economy. As an example, the country is among the world’s largest producers of wind turbines. The country has a favorable balance of trade, with its trade surplus of over $300 billion being the largest in the world. Germany’s annual exports are valued at about $1.401 trillion, the bulk of which is comprised of pharmaceuticals, chemicals, machinery, electronic and computer products, and motor vehicles. The country’s annual imports, in contrast, are valued at $1.104 trillion.
The economy of India has transitioned from a mixed planned economy to a mixed middle income developing social market economy and the largest South Asian economy with notable public sector in strategic sectors. It is the world’s fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 139th by GDP (nominal) and 127th by GDP (PPP). From independence in 1947 until 1991, successive governments followed the Soviet model and promoted protectionist economic policies, with extensive Sovietization, state intervention, bureaucrat-driven enterprises, and economic regulation.
The economy of the United Kingdom is a highly developed social market economy. It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), tenth-largest by purchasing power parity (PPP), and twenty-second-highest by nominal GDP per capita, constituting 3.1% of nominal world GDP. By PPP (purchasing power parity) terms, the UK constitutes 2.3% of world GDP. The United Kingdom has one of the most globalized economies and comprises England, Scotland, Wales, and Northern Ireland. In 2020, the United Kingdom was the fifth-largest exporter in the world and the fifth-largest importer. It also had the third-largest inward foreign direct investment and the fifth-largest outward foreign.
The economy of France is a highly developed social market economy with notable state participation in strategic sectors. It is the world’s seventh-largest economy by nominal GDP and the ninth-largest economy by PPP, constituting around 4% of world GDP. Due to a volatile currency exchange rate, France’s GDP as measured in dollars fluctuates sharply. France has a diversified economy, that is dominated by the service sector (which in 2017 represented 78.8% of its GDP), whilst the industrial sector accounted for 19.5% of its GDP and the primary sector accounted for the remaining 1.7%. In 2020, France was the largest Foreign Direct Investment recipient in Europe, and Europe’s second-largest spender in research and development.
The economy of Italy is a highly developed social market economy. It is the third-largest national economy in the European Union, the 8th-largest in the world by nominal GDP, and the 12th-largest by GDP (PPP). Italy is a founding member of the European Union, the Eurozone, the OECD, the G7, and the G20; it is the eighth-largest exporter in the world, with $611 billion exported in 2021. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade. The largest trading partners, in order of market share in exports, are Germany (12.5%), France (10.3%), the United States (9%), Spain (5.2%), the United Kingdom (5.2%) and Switzerland (4.6%).
The economy of Canada is a highly developed mixed economy, with the world’s ninth-largest economy as of 2023, and a nominal GDP of approximately US$2.089 trillion. It is one of the world’s largest trading nations, with a highly globalized economy. In 2021, Canadian trade in goods and services reached $2.016 trillion. Canada’s exports totaled over $637 billion, while its imported goods were worth over $631 billion, of which approximately $391 billion originated from the United States. In 2018, Canada had a trade deficit in goods of $22 billion and a trade deficit in services of $25 billion. The Toronto Stock Exchange is the eleventh-largest stock exchange in the world by market capitalization, listing over 1,500 companies with a combined market capitalization of over US$3 trillion.
The economy of Brazil is historically the largest in Latin America and the Southern Hemisphere in nominal terms. The Brazilian economy is the third largest in the Americas. The economy is a middle-income developing mixed economy. In 2022, according to the International Monetary Fund (IMF), Brazil has the 10th largest gross domestic product (GDP) in the world and the 8th largest purchasing power parity in the world. In 2022, according to the International Monetary Fund (IMF), Brazilian nominal GDP was US$1.894 trillion, The country has a long history of being among the ten largest economies in the world. The GDP per capita was US$8,857 per inhabitant. The country is rich in natural resources. From 2000 to 2012, Brazil was one of the fastest-growing major economies in the world.
Rank | Musician | Net Worth | Age | Nationality |
1 | Jay-Z | $2.5 Billion | 53 years | American |
2 | Rihanna | $1.4 Billion | 34 years | American |
3 | Andrew Lloyd Webber | $1.3 Billion | 74 years | English |
4 | Paul McCartney | $1.2 Billion | 80 years | English |
5 | P. Diddy | $1 Billion | 53 years | American |
6 | Jimmy Buffet | $1 Billion | 72 years | American |
7 | Dr Dre | $950 Million | 58 years | American |
8 | Herb Alpert | $900 Million | 87 years | American |
9 | Madonna | $850 Million | 64 years | American |
10 | Bono | $800 Million | 62 years | Irish |
Rank | Musician | Net Worth | Age | Nationality |
1 | Jay-Z | $2.5 Billion | 53 years | American |
2 | Rihanna | $1.4 Billion | 34 years | American |
3 | Andrew Lloyd Webber | $1.3 Billion | 74 years | English |
4 | Paul McCartney | $1.2 Billion | 80 years | English |
5 | P. Diddy | $1 Billion | 53 years | American |
6 | Jimmy Buffet | $1 Billion | 72 years | American |
7 | Dr Dre | $950 Million | 58 years | American |
8 | Herb Alpert | $900 Million | 87 years | American |
9 | Madonna | $850 Million | 64 years | American |
10 | Bono | $800 Million | 62 years | Irish |
01- JAY-Z
Jay-Z is considered one of the most incredible and richest rapper of all time! More so because he has several things going well for him: from record producing to establishing his talent agency (Roc Nation), a clothing brand (Rocawear), and a record label (Roc-A-Fella Records), also Jay-Z has been particularly active in the tech world and has invested in a number of internet companies. Etc. Jay-Z has done it all!
02- RIHANNA
Rihanna (Robyn Fenty, NH) is primarily a musician, businesswoman, and actress. Currently, she holds the status of the number one richest musician in the world, and most of her Net Worth has increased (by $300 Million) because of her businesses. If you don’t know, in 2017, Rihanna launched a makeup line called Fenty Beauty. Along with that, Rihanna has also founded a lingerie brand, Savage x Fenty.
03- Andrew Lloyd Webber
Andrew Lloyd Webber is an English impresario (a person who organizes finances of a concert, operas, plays, etc.) of musical theatre. Moreover, Webber’s musicals have been released in Broadway and Westend’s theatres for nearly a decade. In addition, Webber has even composed Broadway musicals like The Phantom of the Opera, Cats, Jesus Christ Superstar, Evita, Joseph, and the Amazing Technicolor Dreamcoat, School of Rock, and many more.
04- Paul McCartney
Paul McCartney is an English musician who gained popularity all over the world through the rock band: The Beatles. For years, McCartney has played the bass guitar for the band, co-written songs, and was one of the lead vocal leads. So, the 100 Million addition to his Net Worth was because of it! Moreover, McCartney has also produced and co-written songs for several lead singers like Michael Jackson, Kanye West, etc. Along with co-producing, Paul McCartney also has a very well-established.
05- Diddy
Sean Combs (popularly known by his stage name P. Diddy, he is an American rapper, actor, and record producer. Before establishing his record company (Bad Boy Records) in 1993, Diddy worked at Uptown Records as a talent director. Other than musical ventures, Diddy has a perfume line, clothing line, and MTV television series, Making the Band. (As the name suggests, Making the Band gives unrecognized talents a platform to showcase their ability.)
06- Jimmy Buffet
James Buffett is an American musician, businessman, and author who has recorded popular songs like Come Monday and Margaritaville. Other than that, he co-owns restaurant chains like Margaritaville and Cheeseburger in Paradise. When Jimmy Buffet rescheduled his 20th May show in Charleson, fans were disappointed. However, soon enough, Buffett took to Twitter and expressed his health condition. Without going into much detail, he mentioned needing immediate attention.
07- Dr Dre
Dr. Dre is an American musician who has founded a record label (Aftermath Entertainment) and headphones brand (Beats Electronic) and previously owned the record label Death Row Records. The $100 Million increment in Dr. Dre’s Net Worth is due to several films and brands he has featured in! Other than that, he has an incredible rapping career as well, with 24 million record sales worldwide. His net worth is estimated up to $850 Million as of March 2023. Undoubtedly, he has accomplished so much as a rapper, music producer, and entrepreneur that an article won’t be enough to write about him.
08- Herb Alpert
Herb Alpert is an American musician from the 1960s who has co-founded a record label called A&M Records. Along with that, He was also part of a well-known band (Hubert Alpert and the Tijuana Brass band). The band had severely affected (in a good way) Alpert’s Net Worth, as he has ranked 28 albums on the charts of Billboard, with average sales of more than 72 million all over the world. Alpert even received several significant awards (Grammy, Platinum, and gold albums) and, more importantly, received $500 Million in return. In addition to that, Alpert has other business too, which includes a perfume line and professional sculpting.
09- Madonna
Madonna is an American musician who is popularly known as the “Queen of Pop.” Throughout her career span (since the 80s), Madonna has faced several ups and downs, constantly reinventing her style and music to stay relevant. Other than that, she is also an award-winning actress, author of children’s books, Maverick Records owner, Fashion Designer, etc. And, of course, how can we forget her endless arena tours? Likely, the $100 Million increase in her Net Worth is because of it! Even Guinness World Records addressed Madonna as the best female artist! (Of all time.)
10- Bono
David Hewson (popularly known as Bono) is an Irish musician, philanthropist, and activist. The Rock band’s lead singer (U2) has been doing social justice for a long time. In fact, he has even co-founded several campaigns like EDUN, DATA, Product, the ONE Campaign, etc. Further, Bono has also been honored with a Knighthood by Elizabeth 2nd of the UK (2007). All because of his tremendous philanthropic work and, of course, his services as a music artist. Besides solo or band projects, Bono has collaborated with several artists like Tina Turner and Martin Garrix.
11- Celine Dion
Canadian Singer Celine Dion is celebrated as a goosebumps-inducing artist! Of course, her vocal control and technical skills are on point, winning several awards like (5) Grammys, (7) Billboard Music Awards, (20) Juno Awards, (6) AMAs, etc. Dion succeeded worldwide with the smash hit My Heart Will Go On! (Soundtrack from Titanic.) Further, she released albums in English and her native language, French, selling 200+ Million records.
12- Taylor Swift
Taylor Alison Swift is in the music industry at this point! She has released four EPs, ten albums, three live albums, and two re-recorded albums, with an estimated over 114 million worldwide. Moreover, the recent revenue increase in her Net Worth is because of the October released album (Midnights). In fact, the album had broken all previous records and sold nearly $1.6 Million in its debut week. More importantly, her Net Worth is only going uphill.
13- Bruce Springsteen
American musician Bruce Springsteen has released over 21 albums, sold 135+ million records worldwide, and won several awards (including 20 Grammys). Other than that, Springsteen is also known for his upfront social views, philanthropy, and LGBTQ and Women’s rights, for which he was even honoured by then-president Barack Obama.
14- Dolly Parton
Dolly Parton is an American musician, actress, business woman, and philanthropist who has composed over 3000 songs with 100+ Million sales all over the world. Besides that, she also co-founded an entertainment company, theme park, poverty-relief, and education-providing foundation, and all of these ventures are under the same name called DOLLYWOOD!
15- Julio Iglesias
Julio Iglesias is a commercially successful Spanish musician who has sold over 100 million records worldwide, more so in 1t language. In history, Julio is considered one of the top 10 record sellers with over 250 million albums, received several awards, and performed in over 5000 concerts!
16- Mick Jagger
English musician Mick Jagger has achieved worldwide popularity because of the Rolling Stones. (The rock band he has founded and was also a part of.) Jagger’s recent tour is the highest-earning tour, with nearly $558.2 Million in sales, over 147 shows, and a 4.5 Million audience.
17- Elton John
Elton John is a British musician who has sold over 300 Million records (worldwide) in the span of 60 years. He is one of the highest-selling musicians of all time, with 300 million record sales of albums: Diamond (1), Gold (23), Platinum (23), etc. Moreover, Elton’s candle in the wind 1997 single has the record for the biggest-selling single of all time. Elton Legend John has been in the music business for the last six decades and has delivered numerous hits, including his all-time number-one single, Candle in the Wind!
18- Beyonce
Beyonce has dominated the American music industry since the late 1990s, first with former girl-group Spice girls and then with her critically acclaimed best-selling solo records. In fact, Beyonce is the only musician (solo) to debut all their records to chart number 1 on the Billboard 200. Popularly known as “Queen Bey,” she has sold over 200+ Million records all over the world and won several awards, including Grammys (28), VMAs (26), BET Awards (31), Soul Train Music Awards (17), etc.
19- Keith Richards
English musician Keith Richards rose to popularity in the 1960s-1970s. Further, he gained worldwide fame because of the Rolling Stones, in which Keith had played significant roles such as vocalist, co-founder, songwriter, etc. In addition to that, Keith Richards has sold nearly 680,010 albums worldwide. Moreover, Talk Is Cheap is Keith Richard’s best-selling album, which has sold over 612,000 copies.
20- Gloria Estefan
Seven-time Grammy winner Gloria Estefan is a Cuban-American musician, businesswoman, and actress. She is one of the most successful Latin musicians, with over 75 million records sales of 14 albums, 14 compilations, and 4 EPs. Estefan has sold over 15 million albums in the US alone.
21- Emilio Estefan
14-time Grammy winner Emilio Estefan is a Cuban musician and record producer who gained recognition by being a part of the record label Miami Sound Machine. Further, he had made his way through the Latin music industry by bringing a few artists into the limelight, including Shakira, Jennifer Lopez, and of course, his wife, Gloria Estefan.
22- Johnny Mathis
American musician John Mathis has released several albums that achieved Platinum and gold status. Moreover, it has even ranked on the billboard charts at number 73! Moreover, Mathis has even broken worldwide records of legends (like Elvis Presley and Frank Sitara) with over 350 Million.
23- Kanye West
Most people may know Kanye West for his problematic behavior. However, we cannot deny his impact on the music industry. He is an all-rounder musician (and record producer) popularly known for his “chipmunk soul” rapping style. He has released ten full-length albums, one compilation album, two collaborative albums, five mixtapes, etc. Moreover, he has charted on Billboard 2 times, ranking 56 and 18. Other than that, Kanye is also one of the wealthiest rappers out there!
24- Jennifer Lopez
Jennifer Lopez (popularly known as J.Lo) is a well-versed musician who has sold over 80 Million albums with over 15+ Billion streams. Moreover, her single “If You Had Loved Me” debuted at number one in six different countries. (Including the USA).
25- Shania Twain
Canadian musician Shania Twain has sold more than 100 million records, which makes her one of the highest-selling female country musicians. Moreover, due to receiving several high-end statuses, Twain is popularly addressed as the “Queen of Country Pop.”
