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The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. PPP takes into account the relative cost of living, rather than using only exchange rates, therefore providing a more accurate picture of the real differences in income. See also: GDP by Country #
Apr 28, 2024 · Its formula is: GDP = C + I + G + X-M. where: C = Consumption I = Investment, G = government expenditure, X = Exports, M = imports. GDP per capita also called GDP per citizen or GDP per person is obtained by dividing GDP by the number of habitants. Represents the value of goods and services produced by different countries and it is used to ...
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.
Apr 26, 2022 · Visualizing The World’s Largest Economies (1970-2020) Global GDP has grown massively over the last 50 years, but not all countries experienced this economic growth equally. In 1970, the world’s nominal GDP was just $3.4 trillion. Fast forward a few decades and it had reached $85.3 trillion by 2020.
Gross domestic product (GDP) Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports).
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The United States of America is the top country by GDP in the world. As of 2021, GDP in the United States of America was 22,996.08 billion US dollars that accounts for 23.73% of the world's GDP. The top 5 countries (others are China, Japan, Germany, and the United Kingdom) account for 54.81% of it. The world's total GDP was estimated at 96,921.5 billion US dollars in 2021. GDP at purchaser's ...
