Business

World’s Top 10 Largest Economies and Their Major GDP Contributors: A Comprehensive Analysis

Published

Tuesday, 20 May 2025, 7:18 pm

World's Top 10 Largest Economies and Their Major GDP Contributors: A Comprehensive Analysis 1

World’s Top 10 Largest Economies and Their Major GDP Contributors: A Comprehensive Analysis. From agriculture to manufacturing to oil, some industries have been noted to make the highest contributions to a nation’s GDP over the years.

In order to understand the strengths of the key growth indicators of an economy, three key sectors, agriculture, industry, and services are measured according to their percentage contribution to the total GDP and when their percentages are added, it will be 100% of GDP.

The agriculture sector includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction while the services sector covers government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.

This data below sourced from the International Monetary Fund, (IMF) shows the top 10 largest economies/ richest countries in the world and the major contributors to their GDPs;

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Rank	Country	GDP (USD)	Highest Contributor	%
1	United States	$28.78 trillion	Services	77
2	China	$18.53 trillion	Services	55
3	Germany	$4.59 trillion	Services	63
4	Japan	$4.11 trillion	Services	71
5	India	$3.94 trillion	Services	50
6	United Kingdom	$3.5 trillion	Services	73
7	France	$3.13 trillion	Services	70
8	Brazil	$2.33 trillion	Services	58.91
9	Italy	$2.33 trillion	Services	64.3
10	Canada	$2.44 trillion	Services	69.7

According to Statista, the services sector contributed the largest share to the global GDP according to data analysed from 2013 to 2023. The Industry sector came in second position while the Agricultural sector followed in third place.

The table above confirms this data as the services sector tops the list as the largest contributor to the GDPs of the world’s largest economies accounting for as high as 77% in the United states.

According to the National Bureau of Statistics (NBS), the services sector in Nigeria which consists of several industries such as banking, retail and wholesale, trade, tourism, real estate, telecommunications, motion pictures (Nollywood), information and communication, technology, entertainment, and education accounted for 58.04% of the aggregate GDP in the first quarter of 2024.

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Business

Fidelity Bank, SMEDAN unveil single-digit interest financing for MSMEs

Published

1 hour ago

May 20, 2025

John

Fidelity Bank Plc and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a strategic partnership aimed

read more Fidelity Bank, SMEDAN unveil single-digit interest financing for MSMEs

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Business

Will Spurs Finally End Their Trophy Drought? Best Europa Final Odds

Published

4 hours ago

May 20, 2025

John

Tottenham Hotspur and Manchester United will meet in the 2025 UEFA Europa League final on May 21 at the San Mamés Stadium in Bilbao, Spain. Both teams have a lot on the line.

This all-English showdown offers both clubs a chance to redeem their underwhelming domestic seasons and secure a coveted spot in next season’s UEFA Champions League.

Tottenham’s victory would end a 17-year trophy drought, marking their first major silverware since 2008.

Both Teams to Score = 1.68

Over 2.5 Goals = 1.92

Europa League Journey Recap

Tottenham’s path to the final has been straightforward.

They bypassed the playoff stage by finishing fourth in the league phase before overcoming challenges from AZ Alkmaar, Eintracht Frankfurt, and Bodo/Glimt in the knockout rounds. Despite struggling in the Premier League, where they sit 17th, Spurs have found form in Europe, with key performances from players like Pedro Porro and Dominic Solanke.

Manchester United, currently 16th in the Premier League, has also turned to the Europa League for solace. After a solid league phase, the Red Devils advanced to the final by defeating Real Sociedad in the round of 16, Lyon in the quarter-finals, and Athletic Bilbao in the semi-finals.

Bruno Fernandes has been instrumental in their European campaign, contributing significantly to their goal tally.

What to Expect in the Europa League Final

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The final promises a tightly contested match between two sides eager to salvage their seasons. Tottenham’s attacking flair will test United’s defence, while United’s experience in European finals could prove decisive.

Both teams have shown vulnerabilities domestically, but their European form suggests a competitive encounter in Bilbao.

Who Are the Favourites?

According to LiveScore Bet Nigeria, United entered the final as a slight favourite at 2.45 to win the game, while Tottenham was close behind at 2.85.

The Red Devils are also priced at 1.80 odds to lift the trophy, while Spurs have 2.00 odds to secure it.

Betting Tips and Odds

Over 2.5 Goals

Both teams have met three times this season, twice in the Premier League and once in the EFL Cup. Two matches produced three or more goals, while the other was a 1-0 victory for Spurs.

However, we expect Ange Postecoglou to retain his ultra-attacking style, which he has used to win all three of their previous meetings this campaign.

Over 2.5 goals is priced at 1.92 on LiveScore Bet Nigeria.

Both Teams to Score

Both sides possess attacking threats capable of finding the net. Considering their defensive frailties, betting on both teams to score might offer value, and it is priced at 1.68 odds on LiveScore Bet Nigeria.

Bet now on LiveScore Bet Nigeria, and as always, gamble responsibly.

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