This page lists the countries of the world sorted by their gross domestic product per capita at nominal values.This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average population for the same year.. These investments in empty corporate shells almost always pass through well-known tax havens. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794).
Changes in gdp and their respective ranking of economies in 2019. { parent.indicator.unit } { related.length } Home; What's New; Site Map; Site Index; About the IMF; Research Before World War II, Italy was primarily an agricultural economy and has now transformed into one of the world’s most advanced nations.
Dependent territories of member countries are listed alphabetically followed by a description of the constitutional relationships with their member countries.Provides information on prudential measures taken to contain systemic risks and the institutional arrangements supporting macro-prudential policy in member countries.© 2020 International Monetary Fund. Canada’s GDP is expected to rise to $2.13 trillion by 2023.Germany’s major industries are car manufacture, machinery, household equipment, and chemicals. Luxembourg is followed by Switzerland, Macao, Norway, and Ireland.
China has approximately $23 trillion in natural resources, 90% of which are rare earth metals and coal.China’s economic reform program of 1978 was a large success and resulted in the rise in average economic growth from 6% to over 9%.
On this site, the term "country" does not in all cases refer to a territorial entity that is a state as understood by international law and practice. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. Gross national income takes a country’s GDP, adds the value of income from imports, and subtracts the value of money from exports.
In the table below, countries are ranked by the gross domestic product measured in purchasing power parities (PPP) at current prices. Unfortunately, Italy is experiencing a relatively high unemployment rate of 9.7% and a debt at 132% of GDP.India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. World Economic Outlook, April 2020: The Great Lockdown April 6, 2020 Description: The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. The economies of the U.S., China, and Japan all have a unique combination of these factors that have led to economic growth over time, as outlined below.PPP GDP can be faulted for the fact that it doesn’t incorporate discrepancies in quality between goods and services in different countries. Japan.
2016. China is the second-largest economy considering nominal GDP, at $14.14 trillion, and the largest using GDP (PPP), which is $27.31 trillion. In 2016, the U.S. had an estimated natural resource value of $45 trillion.Nominal GDP is useful for large-scope GDP comparison, either for a country or region or on an international scale. These two approaches to GDP estimation have separate strengths and are generally used for different reasons.Several factors contribute to the U.S.’s powerful economy. Going forward, the Japanese economy faces some large challenges such as a declining population and an ever-increasing debt that, as of 2017, is 236% of its GDP.The United States has been the world’s largest economy since 1871. In terms of GDP purchasing power parity, the UK is in the ninth spot with a GDP (PPP) of The UK is ranked 23rd for GDP per capita which is $42,558. GDP Rankings Of The World’s Largest Economies:
Data from the IMF shows India has risen to become the world’s fifth largest economy, when ranked by nominal GDP.
World GDP Per Capita Ranking.