Top 10 worlds biggest economies :US continues to top global economy with a nominal $17.2 trillion GDP
Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Meanwhile GDP by PPP ( purchasing power parity) is another way of measuring the worlds biggest economy.In this case China and japan ranks 2nd and 3rd as the worlds top 3 economic giants.Germany's GDP of $3.9 along with UK's 3 trillion makes them the 4th and 5th biggest economy. France, Brazil,Italy, India and Russia respectively tops the worlds biggest top 10 economies
Showing posts with label economic data. Show all posts
Showing posts with label economic data. Show all posts
November 17, 2015
September 9, 2011
February 26, 2011
US GDP of Individual States Compared with Countries of The world
One of the most commented blog articles on The Economist is an dynamic infographic that maps state economies part of the US to their equivalents from around the world in terms of $ GDP and # Population size.
IT HAS long been true that California on its own would rank as one of the biggest economies of the world. These days, it would rank eighth, falling between Italy and Brazil on a nominal exchange-rate basis. But how do other American states compare with other countries? Taking the nearest equivalent country from 2009 data reveals some surprises. Who would have thought that, despite years of auto-industry hardship, the economy of Michigan is still the same size as Taiwan's? ( economist)
IT HAS long been true that California on its own would rank as one of the biggest economies of the world. These days, it would rank eighth, falling between Italy and Brazil on a nominal exchange-rate basis. But how do other American states compare with other countries? Taking the nearest equivalent country from 2009 data reveals some surprises. Who would have thought that, despite years of auto-industry hardship, the economy of Michigan is still the same size as Taiwan's? ( economist)