Reference News Website July 19 report - According to a report from Sputnik News website on July 19, according to the analysis of World Bank data by Sputnik News, China contributed the most to the economy in 2024 with its industry, which increased by nearly 2% and reached $6.8 trillion (about 4.88 trillion Chinese yuan). Russia ranks fifth.
The report states that the second is the United States, whose industrial contribution increased by 3%, reaching $5.1 trillion. Germany is third, one of the few major economies where the industrial sector's contribution is showing a downward trend, with its industrial sector's contribution to GDP decreasing by 2.5% to $1.2 trillion. The fourth country is India, whose industrial contribution increased by 4% to $95.7 billion.
Russia's industry had the largest growth rate among the top ten economies in the world. The contribution of Russia's industry to GDP increased by 6% to $66.8 billion, making Russia the fifth largest country in the world in terms of the contribution of the industrial sector to the economy.
Last year, the global industrial sector contributed $28.9 trillion to the world economy, while the figure was $28.5 trillion in 2023.
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