Wherein one evaluates the rate of growth of the global economy and more importantly, which countries contributed most towards it.As of today, the twelve leading economies of the world are the US, China, France, Germany, Japan, Spain, Russia, Brazil, Italy, the UK, Canada and India. These countries contribute the most to global economic growth every year, in other words, the rate of development of these nations is phenomenal.

Rate of growth of all these economies depends upon common factors like; availability of resource, capital, entrepreneurs and most importantly, the human resource. More population is not always problematic, what really matters is what percentage of the population comes under the working age group. This excludes children and old people. Two of the most steadily growing economies, China and India, have a major section of their population that is maturing into the working age group. Other than this, for a measurable rise in the country’s economy, it is important that the human resource has adequate quality. In other words, the labor needs to be skilled and educated.

Even though major contributors to the current economy are developed countries like those in Europe and the Middle East, their rate of growth is decreasing with time, and it deteriorates by almost 1.5 percent every year. On the other hand, China’s economy grew by a whooping 11 percent, followed by India at 9 percent and lastly the US by 1.1 percent.

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