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gdp graph by country

The list of countries by GDP showed on this page is based on the latest data from the World Economic Outlook by the International Monetary Fund. The percentage change in real GDP ranged from 86.5 percent in Jackson County, WV, to -44.0 percent in Grant County, ND. The country has a GDP (PPP) of $3.37 trillion and a GDP per capita of $8,967.66. The 1990s were a rough period for its economy, since it inherited a devastated industrial and agricultural sector along with the fundamentals of a centrally planned economy. From 2000 to 2012, Brazil was one of the fastest-growing major economies in the world. When the economy was beginning to recover, it suffered a massive earthquake that hit the country socially and economically.

During the next decade, Russia witnessed growth at a healthy pace of 7%. Using this conversion rate, GDP of Russia and the US will be the same and will equal $6 dollars. For example, PPP may compare the cost of a car in PPP GDP can be faulted for the fact that it doesn’t incorporate discrepancies in quality between goods and services in different countries.

Germany is not just Europe's largest economy but also the strongest. 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. It is projected to edge down to 1.2% in 2018 and 1.0% in 2019. The reform program emphasized the creation of private and rural businesses, easing the state regulations on prices, and investment in workforce education and industrial output. Because of its dependency on capital good exports, the economy had a significant setback post-2008 financial crisis. On the positive side, exports and business investment are driving economic recovery. China is often referred to as the "world's factory," given its huge manufacturing and export base. Its GDP per capita at $3,871 is way higher than it was in 2000 at $857. So, their GDP should be the same and should equal the cost of the Big Mac. Unfortunately, Italy is experiencing a relatively high unemployment rate of 9.7% and a debt at 132% of GDP. Japan’s GDP (PPP) is $5.75 trillion. India is developing into an open-market economy from its previous autarkic policies. In terms of GDP in PPP, China is the largest economy, with a GDP (PPP) of $25.27 trillion. Indonesia, the fourth most populous nation, is the seventh-largest economy, with a $3.50 trillion GDP in terms of purchasing power parity. Back in 1980, the Netherlands was the 12th-largest economy globally, with a GDP of $189.49 billion. China is the second-largest economy considering nominal GDP, at $14.14 trillion, and the largest using GDP (PPP), which is $27.31 trillion. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 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. During the 1960s, its GDP per capita was among the poorer countries in the world, which is now at the 29th spot with $31,345.62. The economy grew by 2.2% and 2.5% in 2016 and 2017, respectively. The World's Largest Economy: China vs United States The IMF projects a growth of 5.8% in 2020, which would sober down to around 5.6% by 2023. Real gross domestic product (GDP) increased in 2,375 counties, decreased in 717, and was unchanged in 21 in 2018, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA).

The dependence of the Russian economy on oil was exposed during the 2008–2009 global financial crisis and eventually again in 2014. In 2018, its nominal GDP was $782.48 billion, while its GDP based on PPP was $1.86 trillion. As the second-largest economy in the world, China has seen an average growth rate of 9.52% between 1989 and 2019. The Netherlands can boast of its highly mechanized, highly productive agricultural sector, which makes it among the top agricultural exporters globally. As is usual in the field of economics, “It depends.” It depends on the methods used...

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