By Zach Vega - CC BY-SA 4.0, Link
The country with the highest nominal GDP is still the United States at 19.36 trillion USD (IMF 2017)
China has the second largest GDP (Gross Domestic Product) at 11.94 trillion USD according to the same source. The following countries are in the trillion dollar club:
- The USA: 19.4
- China: 11.9
- Japan: 4,9
- Germany: 3.7
- France: 2.6
- The United Kingdom: 2.6
- India: 2.4
- Brazil: 2.1
- Italy: 1.9
- Canada: 1.6
- South Korea: 1.5
- Russia: 1.5
- Australia: 1.4
- Spain: 1.3
- Mexico: 1.1
- Indonesia: 1.0
Finland's place:
44th Finland: 0.25
So the US has bigger GDP now than EU. I didn't know/remember that.
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I also remembered that the EU had a bigger nominal GDP. I suppose there has been faster growth in the US since I last checked.
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I checked the Finnish wikipedia page of GDP rankings and the lists were from 2014-2015 and EU was at the top
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They must have been pretty close for lackluster growth in the EU in 2016 to have been able to leave the EU behind the USA.
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Umm This must be a lie with an inflation of 2735% it is not possible that we are so high
47 Venezuela 215,307
Unless they do it with the dollar that the government establishes that is Bsf 37,184.00 for each dollar, when in the black market it is quoted at Bsf 250,000
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Of course the figure is in dollars. And yes, the difference between the official and the black market exchange rates can cause errors such as this.
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california is high up there and that's where im from. it is the 5th
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United States has like 100 years being first but China and India are climbing steps quickly especially China since joined capitalism and allowed the privatization of the industry, I would not be surprised to seeing in a future made in usa and stop seeing so often made in china and American labor becomes cheaper: D
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I see a future when human labor ceases to have any market value. Such a future will be reality within the next 25-40 years.
But assuming that that doesn't come to pass, I think innovation will continue to be the driving force of the economy. The problem China and India have in common is their hierarchical, innovation stifling culture. India is a democracy, corrupt as it may be, but China is centrally governed totalitarian state striving for total surveillance and control of its citizens' lives. For example, China is in the process of banning distributed ledger technology completely. I do not see a bright future for a country like that.
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Can I play darts with it? So many fancy colours!
And the red is ChiChinChinaChina. But green is the US.
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You are allowed to move to the US if you get a Greed Card. But do you need a Red Card to be able to become a resident of China? I think you need one to become president of China at least.
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Yes, I knew I was special... I always thought that I will become something huge.
President of China!! Yessss! That's probably my destiny!
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What is the use of having the highest GDP? If Human Values are the lowest in many cases, not in all. The same in China follows his steps, but at what price of life of Chinese citizens. there are many injustices that happen in those two countries that are in first place in GDP
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That is a good question. Anyway, GDP is a good measure of how economic power is distributed in today's world.
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Yes, that's really how it shows economic growth, I just thought as we say here in the country aloud, in the human part
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I think it's should be increase. Don't worry!
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you sharing positive thinking about social and economics in your post... its really very good job... thanks for sharing this educational charts...
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