world gdp map

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 of America is the top country by GDP in the world. In general, it’s less exact than nominal GDP and often hinges on estimates rather than calculations.

As of 2019, GDP in the United States of America was 21,439.45 billion US dollars that accounts for 24.79% of the world's GDP. As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. As of 2019, GDP in the United States of America was 21,439.45 billion US dollars that accounts for 24.79% of the world's GDP. This map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries.

The chemical industry is a key sector for France, as well as agriculture and tourism. Interest rates were brought down to historical levels and In 2020, historic fiscal stimulus measures along with trillions in Fed financing have factored heavily in its swift reversal. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Let’s take a closer look at each market crash to navigate the economic climate at the time. GDP per capita (current US$) from The World Bank: Data. Browse by Country or Indicator. As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. These two approaches to GDP estimation have separate strengths and are generally used for different reasons.Nominal GDP is useful for large-scope GDP comparison, either for a country or region or on an international scale. GDP (current US$) from The World Bank: Data. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). In terms of GDP (PPP) Italy’s economy is worth $2.40 trillion and its per capita GDP is $34,260.34. The world economy consists of 193 economies, with the United States being the largest. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year.

This map shows the proportion of worldwide Gross Domestic Product in Purchasing Power Parity (PPP) based on exchange rates with the US$, that is found there. As of 2019, GDP per capita in Luxembourg was 113,196 US dollars. While China’s economy is far behind in nominal terms at $12.2 trillion, you may recall that the Chinese economy has been the world’s largest when adjusted for purchasing power parity (PPP) since 2016.. Something went wrong. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita Japan’s GDP (PPP) is $5.75 trillion. Brazil, however, has one of the most unequal economies in the world. From 2000 to 2012, Brazil was one of the fastest-growing major economies in the world.

While the 2008 financial crisis took a hit on the Japanese economy and has stunted its growth since then, it is expected that the 2020 Olympics will give it a boost.The Japanese economy’s strength comes from its electronic goods industry, which is the largest in the world, and its automobile industry, which is the third-largest in the world. According to the The three largest economies in the world as measured by nominal GDP are the United States, China, and Japan. The world's total GDP was estimated at 86,488.01 billion US dollars in 2019.

Learn how the World Bank Group is helping countries with COVID-19 (coronavirus).

In nominal terms, the U.S. still has the largest GDP at $19.4 trillion, making up 24.4% of the world economy. Soaring inflation devastated stocks, consuming real returns on capital. Canada’s per capita GDP of $46,260.71 is ranked 20th globally while its GDP (PPP) of $1.84 trillion is ranked 17th globally. Find Out .
As of 2019, GDP per capita in Luxembourg was 113,196 US dollars. India’s real GDP growth, however, is expected to weaken for the third straight year from 7.5% to 5%. The service sector dominates the UK economy, contributing about 80% of GDP, particularly the financial services industry. Virtually However, a number of well-known companies survived, including eBay and Relaxed credit policies, the proliferation of subprime mortgages, credit default swaps, and commercial Similar to 1987, the Federal Reserve initiated a number of rescue actions.


Menu. In 2018, the growth rate for the world GDP was 3.6%.

The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. Germany’s highly developed social market economy is Germany’s major industries are car manufacture, machinery, household equipment, and chemicals. Because of its dependency on capital good exports, the economy had a significant setback post-2008 financial crisis. Despite lagging economic growth and historic unemployment levels, the S&P 500 bounced back How does the current COVID-19 crash of 2020 stack up against previous market crashes? This page in: English; Español; Français ; العربية; 中文; GDP per capita (current US$) Close.

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