~~~ Gross world product ~~~ Title: What is Gross world product?, Explain Gross world product, Define Gross world product Created on: 2018-07-16 Source Link: https://en.wikipedia.org/wiki/Gross_world_product ------ Description: The gross world product is the combined gross national product of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product . According to the World Bank, the 2013 nominal GWP was approximately US.59 trillion. In 2014, according to the CIA's World Factbook, the GWP was around US.28 trillion in nominal terms and totalled approximately US.5 trillion in terms of purchasing power parity . The per capita PPP GWP in 2017 was approximately US,300 according to the World Factbook. ------ To see your favorite topic here, fill out this request form: https://docs.google.com/forms/d/e/1FAIpQLScU0dLbeWsc01IC0AaO8sgaSgxMFtvBL31c_pjnwEZUiq99Fw/viewform ------ Source: Wikipedia.org articles, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Support: Donations can be made from https://wikimediafoundation.org/wiki/Ways_to_Give to support Wikimedia Foundation and knowledge sharing.
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The gross world product (GWP) is the combined gross national product of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP). In 2012, the GWP totalled approximately US$84.97 trillion in terms of purchasing power parity (PPP), and around US$71.83 trillion in nominal terms. The per capita PPP GWP was approximately US$12,400. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
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This video shows the Top 20 countries with highest GDP PPP from 1980 to 2023. The ranking includes superpowers, such as United States, China, Japan, India, and Germany. It also compares the total GDP (PPP) of different continents from the Top 20 countries, mostly North America, Europe, and Asia. Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power. Twitter: twitter.com/wawamustats Facebook: fb.me/wawamustats Music: Home by Whitesand https://www.youtube.com/watch?v=3r8gL1vWGx0 Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
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This video shows the Top 10 countries with highest GDP per capita from 1962 to 2017. Most countries are from developed regions in Europe, North America, and Asia. As of 2017, Luxembourg has been regarded as the richest country in terms of GDP per capita. Per capita GDP is a measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in that country. The Per capita GDP is especially useful when comparing one country to another, because it shows the relative performance of the countries. A rise in Per capita GDP signals growth in the economy and tends to reflect an increase in productivity. Twitter: twitter.com/wawamustats Facebook: fb.me/wawamustats Music: Melody Of My Dreams by Whitesand https://www.youtube.com/watch?v=Si89RLFreaw Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
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GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income. (top 10 economies) It is however limited when measuring financial flows between countries and when comparing quality of same goods among countries. PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. (gdp 2019)These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods. (top 10 countries)This video is made by Dr Top 10 and contain Information taken from IMF 2019 Gdp Report and Projections and This video contains the gdp ppp in 2019 of future superpowers like india, china, japan, germany etc and current superpower like US. #top10 #top10economies #gdpppp
Views: 315277 Dr. Top 10
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Gross_world_product 00:01:08 1 Recent growth 00:01:46 2 Historical and prehistorical estimates 00:02:38 3 See also 00:02:52 4 Notes Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.7428202887355627 Voice name: en-GB-Wavenet-D "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= The gross world product (GWP) is the combined gross national product of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP). According to the World Bank, the 2013 nominal GWP was approximately US$75.59 trillion. In 2014, according to the CIA's World Factbook, the GWP was around US$78.28 trillion in nominal terms and totaled approximately 107.5 trillion international dollars in terms of purchasing power parity (PPP). The per capita PPP GWP in 2017 was approximately Int$17,300 according to the World Factbook.
Views: 1 wikipedia tts
Hello Everyone, In this video, we have brought to you the Top 10 Countries with the Highest GDP Ranking from 1960 - 2017. These are the countries which have the highest Per Capita and are ranked according to that. Data Source: World Bank If you liked this then do LIKE, SHARE & SUBSCRIBE and support us. Have any queries or suggestions? Feel free to mail us at [email protected]
Views: 75 Comparify
According to Wikipedia, GDP comparisons using PPP are arguably more useful than those using nominal GDP (see List of countries by GDP (nominal)) when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income. It is however limited when measuring financial flows between countries and when comparing quality of same goods among countries. PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods. #top10 #top10economies #top10gdp2030
Views: 567184 Dr. Top 10
This video shows the countries with the highest Gross Domestically Product, or GDP, per capita. GDP is a measure of the value of all products and services produced in a country for a given year. Generally speaking, a country with a higher GDP is considered wealthier than one with a low GDP, but you also have to consider the population of the country. Therefore, GDP per capita is often a better measurement for the countrys well being. Disclaimer: Territories are not included in this video, only the 195 UN members/observers as well as Taiwan and Kosovo. Music: https://www.bensound.com/royalty-free-music Data source: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD
Views: 13443 LivelyData
PricewaterhouseCoopers, one of the world's largest professional-services firms, just released its “predictions” for the most powerful economies in the world by 2030. The report, titled "The long view: how will the global economic order change by 2050?" ranked 32 countries by their projected global gross domestic product by purchasing power parity. PPP is used by macroeconomists to determine the economic productivity and standards of living among countries across a certain time period. While PwC's findings show some of the same countries right near the top of the list in 13 years, they also have numerous economies slipping or rising massively by 2030. Check out which countries made the list. All numbers are in US dollars and at constant values (for reference, the US's current PPP is $18.562 trillion)
Views: 16492 Max Prophet
This video is about Top 20 cities in the World by GDP PPP with per capita income and population included. A city is a large human settlement. Cities generally have extensive systems for housing, transportation, sanitation, utilities, land use, and communication. Their density facilitates interaction between people, government organizations and businesses, sometimes benefiting different parties in the process. Brand New OnePlus 6T Giveaway Details: 1. Like this Video 2. Subscribe this channel 3. Follow us on Instagram https://www.instagram.com/dr_top_10 4. like our page on Facebook https://www.facebook.com/TheDrTop10 Best of Luck Note: Giveaway will be closing when this channel will reach 50,000 subscribers and Winner will be announced at that time. OnePlus 6T is not announced yet but after announcement a brand new will be purchased and shipped to the winner after reaching the subscribers milestone. Dr. Top 10 has all the rights to change, Close or restart any thing related to this giveaway.
Views: 34029 Dr. Top 10
GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. In this video, we will see the top 15 country by GDP per capita from 1970 to 2017. Data are in current U.S. dollars More videos: https://bit.ly/2LnrvEx Subscribe: https://bit.ly/2VOackb 🔔 Turn on the notifications and never miss a video. Facebook: https://www.facebook.com/StatsTubeProduction/ Twitter: https://twitter.com/stats_tube 📊 DATASOURCE The World Bank United Nations Wikipedia 🔊 MUSIC YouTube Audio Library (https://www.youtube.com/audiolibrary/music) Icons made by Freepik & Roundicons from www.flaticon.com Free stock background from https://www.pexels.com Thanks for watching. If you enjoyed while watching this video, please do not forget to hit that SUBSCRIBE button, LIKE the video and let us know what were your impressions in the COMMENTS down below. © 2019 Stats Tube // All rights reserved.
Views: 1652 StatsTube
Comparison of money by countries in US dollars. Not all countries, only some. Source: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) ---My websites----- -Blog: http://alvarograciamontoya.blogspot.com.es/2017/01/producto-interno-bruto-pib-comparacion.html -Facebook: https://www.facebook.com/metaballstudios/
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Subscribe here : https://www.youtube.com/drtop10?sub_confirmation=1 Today most of the developing countries are located in Asia and in most of the terms it is the largest continent in the world as Asia represents about 60% of total world population, 30% of total landmass and most importantly 30% of total world economy for the year 2019 and it is also said that this century will belong to Asia and the economic center of the world will shift towards Asia and it will become most prosperous part in the world again after 17th century. This economic shift of Asia will be majorly driven by 2 of the most populous countries in the region that are India and china but South East Asian countries will also play a major role in this rise mainly by Indonesia and Philippines. So in this video you are going to see Asian countries with highest GDP Purchasing power parity for the year 2019. Contacts: Facebook - https://www.facebook.com/TheDrTop10 Twitter - https://twitter.com/DR_TOP_10 Instagram - https://www.instagram.com/dr_top_10/ Subscribe here : https://www.youtube.com/drtop10?sub_confirmation=1 Source: https://www.imf.org #top10economies #top10asianeconomies #top10
Views: 22068 Dr. Top 10
Top 15 countries by GDP per capita except tax haven. Countries less than 1 million population considered as tax haven. Datasource: http://data.un.org/ Music: "Ibn Al-Noor" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ "Angevin B" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Views: 892161 TheRankings
This video shows the Top 20 countries with highest GDP PPP from 1800 to 2040 based on 2011 international dollars. It gives a brief history of the world since the 1800s. China and India were ahead before the 1900s while the US started leading after the 20th century. Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power. Twitter: twitter.com/wawamustats Facebook: fb.me/wawamustats Source: The Angus Maddison Project & World Bank Special Thanks to Our Patron: C&MHansen Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 425778 WawamuStats
There are two ways to measure GDP (total income of a country) of different countries and compare them. One way, called GDP at exchange rate, is when the currencies of all countries are converted into USD (United States Dollar). The second way is GDP (PPP) or GDP at Purchasing Power Parity (PPP) Ensure you SUBSCRIBE -- https://goo.gl/jYw6so GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. In this video we have; 1. Equatorial Guinea 2. Seychelles 3. Mauritius 4. Gabon 5. Botswana 6. Algeria 7. South Africa 8. Egypt 9. Tunisia 10. Namibia ............................ Algeria, Angola,Benin,Botswana, Burkina Faso, Burundi, Cabo Verde,Cameroon,Central African Republic (CAR), Chad, Comoros,Democratic Republic of the Congo,Republic of the Congo,Cote d'Ivoire, Djibouti, Egypt,Equatorial Guinea, Eritrea, Eswatini (formerly Swaziland), Ethiopia,Gabon,Gambia,Ghana,Guinea,Guinea-Bissau,Kenya,Lesotho,Liberia,Libya,Madagascar, Malawi, Mali, Mauritania, Mauritius,Morocco,Mozambique,Namibia,Niger,Nigeria, Rwanda, Sao Tome and Principe, Senegal,Seychelles,Sierra Leone,Somalia,South Africa,South Sudan, Sudan,Tanzania,Togo,Tunisia,Uganda,Zambia,Zimbabwe
Views: 14722 African Insider
Countries with the largest economies ranked based on GDP (PPP). Did your country make it to the top 10? Watch this video to find out! Top 10 economies: 1) China 2) USA 3) India 4) Japan 5) Germany 6) Russia 7) Indonesia 8) Brazil 9) UK 10) France Music credit: Epic War Music https://www.youtube.com/watch?v=6QV2kRkC_Yg https://www.youtube.com/channel/UCHEioEoqyFPsOiW8CepDaYg The clips used in this video are from Expedia and Anuj N. Check out their channels. They are awesome :)
Views: 45301 Brain Chow
The dynamic graph is showing GDP Per Capita at Purchasing Power Parity of the top 15 countries over a period of 42 years from 1980 to 2021 in the current international dollar. Data for making the graph is taken from The World Economic Outlook which is a survey conducted and published by the International Monetary Fund (IMF). Graph bars with the same color mean countries belong to the same continent. #trending #gdp #youtube
Views: 570 Statistify
They say what matters most in life are the things money can’t buy. So far, we’ve been paying attention to a figure that’s intimately linked to the things money can buy. That figure is GDP, both nominal, and real. But before you write off GDP as strictly a measure of wealth, here’s something to think about. Increases in real GDP per capita also correlate to improvements in those things money can’t buy. Health. Happiness. Education. What this means is, as real GDP per capita rises, a country also tends to get related benefits. As the figure increases, people’s longevity tends to march upward along with it. Citizens tend to be better educated. Over time, growth in real GDP per capita also correlates to an increase in income for the country’s poorest citizens. But before you think of GDP per capita as a panacea for measuring human progress, here’s a caveat. GDP per capita, while useful, is not a perfect measure. For example: GDP per capita is roughly the same in Nigeria, Pakistan, and Honduras. As such, you might think the three countries have about the same standard of living. But, a much larger portion of Nigeria's population lives on less than $2/day than the other two countries. This isn’t a question of income, but of income distribution—a matter GDP per capita can’t fully address. In a way, real GDP per capita is like a thermometer reading—it gives a quick look at temperature, but it doesn’t tell us everything. It’s far from the end-all, be-all of measuring our state of well-being. Still, it’s worth understanding how GDP per capita correlates to many of the other things we care about: our health, our happiness, and our education. So join us in this video, as we work to understand how GDP per capita helps us measure a country’s standard of living. As we said: it's not a perfect measure, but it is a useful one. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1WJcJ5w Next video: http://bit.ly/1S1CxuA Help us caption & translate this video! http://amara.org/v/H04s/
Views: 239519 Marginal Revolution University
"Are you better off today than you were 4 years ago? What about 40 years ago?" These sorts of questions invite a different kind of query: what exactly do we mean, when we say “better off?” And more importantly, how do we know if we’re better off or not? To those questions, there’s one figure that can shed at least a partial light: real GDP. In the previous video, you learned about how to compute GDP. But what you learned to compute was a very particular kind: the nominal GDP, which isn’t adjusted for inflation, and doesn’t account for increases in the population. A lack of these controls produces a kind of mirage. For example, compare the US nominal GDP in 1950. It was roughly $320 billion. Pretty good, right? Now compare that with 2015’s nominal GDP: over $17 trillion. That’s 55 times bigger than in 1950! But wait. Prices have also increased since 1950. A loaf of bread, which used to cost a dime, now costs a couple dollars. Think back to how GDP is computed. Do you see how price increases impact GDP? When prices go up, nominal GDP might go up, even if there hasn’t been any real growth in the production of goods and services. Not to mention, the US population has also increased since 1950. As we said before: without proper controls in place, even if you know how to compute for nominal GDP, all you get is a mirage. So, how do you calculate real GDP? That’s what you’ll learn today. In this video, we’ll walk you through the factors that go into the computation of real GDP. We’ll show you how to distinguish between nominal GDP, which can balloon via rising prices, and real GDP—a figure built on the production of either more goods and services, or more valuable kinds of them. This way, you’ll learn to distinguish between inflation-driven GDP, and improvement-driven GDP. Oh, and we’ll also show you a handy little tool named FRED — the Federal Reserve Economic Data website. FRED will help you study how real GDP has changed over the years. It’ll show you what it looks like during healthy times, and during recessions. FRED will help you answer the question, “If prices hadn’t changed, how much would GDP truly have increased?” FRED will also show you how to account for population, by helping you compute a key figure: real GDP per capita. Once you learn all this, not only will you see past the the nominal GDP-mirage, but you’ll also get an idea of how to answer our central question: "Are we better off than we were all those years ago?" Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/24pzD7X Next video: http://bit.ly/1TGgR8r Help us caption & translate this video! http://amara.org/v/H0PX/
Views: 425108 Marginal Revolution University
This Video is the list of the countries of the world by gross domestic product (at purchasing power parity) per capita, i.e., the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year.
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This video ranks the top 15 countries/regions by GDP per capita, PPP, from 1990 to 2017. Data Source: https://data.worldbank.org/ Music: Slow Times Over Here by Midnight North Please like if you enjoyed the video and subscribe to see more of these videos!
Views: 6185 DataRanker
GDP comparisons using PPP are arguably more useful than those using nominal GDP (see List of countries by GDP (nominal)) when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income. It is however limited when measuring financial flows between countries. PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods. #top10economies #gdp2018 #top10gdp
Views: 200278 Dr. Top 10
-What is Gross Domestic Product? -What is GDP per Capita? Subscribe for more awesome dynamic statistics! https://www.youtube.com/channel/UCAFb4p0Xn19QIbz2V6I3pKg?sub_confirmation=1 Credits: https://public.flourish.studio/visualisation/298699/ Source: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2017&start=1960&year_high_desc=true #Statistics #RacingStats #DynamicGraphs
Views: 2258 Racing Statistics
This video shows a comparison of GDP per capita (PPP) among all countries in 2018. The poorest and richest countries from each major regions and continents are also shown at the bottom of the video. This video includes a total of 184 countries which are officially recognized by the United Nations. (Some countries are excluded because they do not have official data) Twitter: twitter.com/wawamustats Facebook: fb.me/wawamustats Source: IMF (World Economic Outlook) Special Thanks to Our Patron: C&MHansen Music: Peter Roe Spotify: https://goo.gl/iF9nws Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 65280 WawamuStats
Top 10 The World Big National Economies 2017 1. United States The U.S. economy remains the largest in the world in terms of nominal GDP. The $18.5 trillion U.S. economy is approximately 24.5% of the gross world product. The United States is an economic superpower that is highly advanced in terms of technology and infrastructure and has abundant natural resources. However, the U.S. economy loses its spot as the number one economy to China when measured in terms of GDP based on PPP. In these terms, China’s GDP is $21.3 trillion and the U.S. GDP is $18.5 trillion. However, the U.S. is way ahead of China in terms of GDP per capita (PPP) – approximately $57,294 in the U.S. versus $15,423 in China. 2. China China has transformed itself from a centrally planned closed economy in the 1970s to a manufacturing and exporting hub over the years. The Chinese economy overtook the U.S. economy in terms of GDP based on PPP. However, the difference between the economies in terms of nominal GDP remains large with China's $11.3 trillion economy. The Chinese economy has long been known for its strong growth, a growth of over 7% even in recent years. However, the country saw its exports projected to grow only by 1.9% in 2016, and total GDP growth has gone down to 6.5% and is projected to slow to 5.8% by 2021. The country's economy is propelled by an equal contribution from manufacturing and services (45% each, approximately) with a 10% contribution by the agricultural sector. 3. Japan Japan’s economy currently ranks third in terms of nominal GDP, while it slips to fourth spot when comparing the GDP by purchasing power parity. The economy has been facing hard times since 2008, when it was first showed recessionary symptoms. 4. Germany Germany is Europe’s largest and strongest economy. On the world scale, it now ranks as the fourth largest economy in terms of nominal GDP. Germany’s economy is known for its exports of machinery, vehicles, household equipment, and chemicals. Germany has a skilled labor force, but the economy is facing countless of challenges in the coming years ranging from Brexit, 5. United Kingdom The United Kingdom, with a $2.65 trillion GDP, is currently the world’s fifth largest. Its GDP in terms of PPP per capita is $42,513. The economy of the UK is primarily driven by services, as the sector contributes more than 75% of the GDP. With agriculture contributing a minimal 1%, manufacturing is the second most important contributor to GDP. 6. France France, the most visited country in the world, today has the sixth largest economy with a nominal GDP of $2.48 trillion. Its GDP in terms of purchasing power parity is around $2.73 trillion. France has a low poverty rate and high standard of living, which is reflected in its GDP (PPP) per capita of $42,384. The country is among the top exporters and importers in the world. 7. India India ranks third in GDP in terms of purchasing power parity at $8.7 trillion, while its nominal GDP puts it in a seventh place with $2.25 trillion. The country’s high population drags its GDP (PPP) per capita down to $6,658. India’s GDP is still highly dependent on agriculture (17%), compared to western countries. 8. Italy Italy’s $1.8 trillion economy is as of this writing the world’s eighth largest in terms of nominal GDP. Italy is among the prominent economies of the Eurozone, but it has been impacted by the debt crisis in the region. The economy suffers from a huge public debt estimated to be about 133% of GDP, and its banking system is close to a collapse and in need of a bailout/bail-in. The economy is also facing high unemployment, but saw a positive economic growth in 2015 for the first time since 2011, which is projected to continue. The government is working on various measures to boost the economy that has contracted in recent years. 9. Brazil With its $1.77 trillion economy, Brazil now ranks as the ninth largest economy by nominal GDP. The Brazilian economy has developed services, manufacturing, and agricultural sectors with each sector contributing around 68%, 26%, and 6% respectively. Brazil is one of the BRIC countries, and was projected to continue to be one of the fastest growing economies in the world. However, the recession in 2015 caused Brazil to go from seventh to ninth place in the world economies ranking, with a negative growth rate of 3.2%. The IMF does not expect positive growth until 2017, and the unemployment rate is expected to grow to over 11% during the same time period before it declines again. 10. Canada Canada has recently pushed Russia off the top 10 list with a nominal GDP of $1.53 trillion. Canada has a highly service oriented economy, and has had solid growth in manufacturing as well as in the oil and petroleum sector since the Second World War.
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GDP, GNP – what does it all mean? Jonathan explains what economists mean when they bring up these common economic indicators. Learn more at HowStuffWorks.com: http://money.howstuffworks.com/gross-national-happiness.htm Share on Facebook: Share on Twitter: Subscribe: http://goo.gl/ZYI7Gt Visit our site: http://www.brainstuffshow.com OK, let’s say you’ve just gotten a job offer to work in the majestic country of Bumpsylvania. Awesome, right? You’ve always wanted to live amongst the scenic Bumpsylvanian swamplands and hear the local ghost toads sing their famous mating screech. But before you pony up the $549.95 for Rosetta Stone: Bumpsylvanian Edition, you want to do a little research on the economic health of this country. So you ask your friend the economics professor: How is the economy of Bumpsylvania doing these days? One number that will almost definitely figure into her reply is the country’s GDP. This stands for Gross Domestic Product. GDP is a common measure that’s used to roughly represent the size of a country’s economy. The way you calculate GDP is both simple as a general principle, and complicated in the details. The simple version is that GDP is the value of all the goods and services produced within a country in a given period of time, such as a financial quarter or a year. So if we look at Bumpsylvania, we can calculate its yearly GDP by adding up the dollar-value of all the stuff it creates: All the pork sandwiches, shoe shines, fashion magazines, bullets, massages, motorcycles, jiu-jitsu classes, ghost toad swamp tours, and, of course, traditional, Bumpsylvanian-style wooden hats. Every item, product or service brought to market by workers or other economic resources located inside the country in that year is part of the GDP. Coming up with this figure is not as easy as it sounds. GDP is actually a highly complex and abstract statistical instrument that takes some real work to calculate. Just one example of the many complications: Let’s say somebody cuts down some swamp trees and turns those trees into lumber, and then sells that lumber to a haberdasher who turns it into a traditional, Bumpsylvanian-style wooden hat. Do you count the sales of both the lumber _and_ the hat? Well, no, because GDP is a measure of the final value of goods and services. So if you counted the sale of the wood to the hat-maker and the sale of the hat, you’d be counting the same value twice. The value of the wood gets wrapped into the final value of that gorgeous, gorgeous headgear. GDP is probably the most important measure of the size and performance of an economy, but it’s not the only one. There’s also GNP, which is related, but slightly different. GNP stands for gross national product. The difference is that GNP is the value of all the products and services produced by a country’s residents, even if production takes place outside of the country. So if a Bumpsylvanian business has a factory making wooden hats in another country, the output of that factory would be included in Bumpsylvania’s GNP, but not its GDP. While GDP is a widely used indicator of economic strength, many critics point out that it’s not necessarily the best indicator of the “real” health of a nation. For example, a country with a large, growing GDP might look strong on paper, but what if that number is masking vast income inequality – a productive economy based on huge amounts of low-wage labor? Of course by comparing GDP with other pieces of data, you can do more with the figure. A simple example would be comparing GDP with population to come up with Per Capita GDP (which means economic value per person). So for example, according to the World Bank, in 2013, China’s GDP was a massive $9.2 trillion. Compare that to Luxembourg’s relatively small GDP of $60 billion. Yet in the same year, China’s GDP Per Capita was only about $6,800, while Luxembourg’s was more than 16 times that, at about $110,000. So while China’s economy is certainly much larger, it looks like each individual citizen, on average, is better off in Luxembourg. Financially speaking, that is. SOURCES: http://www.britannica.com/EBchecked/topic/246663/gross-national-product-GNP http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm http://www.britannica.com/EBchecked/topic/246647/gross-domestic-product-GDP http://money.howstuffworks.com/gross-national-happiness.htm/printable http://www.nytimes.com/2013/10/05/world/asia/index-of-happiness-bhutans-new-leader-prefers-more-concrete-goals.html?_r=0 https://books.google.com/books?id=V5IpAgAAQBAJ&printsec=frontcover&dq=how+to+calculate+gnp&hl=en&sa=X&ei=QlVyVZH1CJKFyQTo-4D4CQ&ved=0CDYQ6AEwAg#v=onepage&q=how%20to%20calculate%20gnp&f=false http://data.worldbank.org/indicator/NY.GDP.MKTP.CD http://data.worldbank.org/indicator/NY.GDP.PCAP.CD http://www.factcheck.org/2008/02/gdp-vs-gnp/
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Here are the world's largest economies in 2050 | Shift in global change -~-~~-~~~-~~-~- Please watch: "Most Powerful Military Comparison | World Strongest Military" https://www.youtube.com/watch?v=s8q6qMAieUs -~-~~-~~~-~~-~-
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List of top 10 countries by GDP PPP from 1982 to 2021. Only those countries are ranked which exist today. Some of the countries which dont exist today like USSR has not been ranked.We can see how china which was not even in top 10 in early 1980 grown remarkably and became the biggest economy in the world in 2014. India is also now reducing the gap with USA and is now have the healthy lead of 4th which is only expected to increase.
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If you would like to take a deeper dive into the data, visit http://nobledatum.com/thewealthofnations Look at the economic history of the world, from 1800-2016 through the lens of GDP per capita. If you would like to learn more about Economic History, check out these books: The Ascent of Money: https://amzn.to/2DhupUS A Little History of Economics: https://amzn.to/2Gev2zj From the industrial revolution, through the great depression, all the past the 2008 financial crises. What caused great prosperity, what caused great economic downfalls? How has inequality, and economic activity changed. We try to answer these questions. All values in this video were adjusted for inflation relative to the US dollar in 2011. Correction: WW2 started in 1939, not 1935. Visualization created using Flourish Studio: https://flourish.studio/2019/03/21/bar-chart-race/ Data from the Madison Historical Project: https://www.rug.nl/ggdc/historicaldevelopment/maddison/releases/maddison-project-database-2018 Supplementary Data from the World Bank: https://data.worldbank.org/ Music credit to Bensound: https://www.bensound.com/royalty-free-music Narration from Amazon Polly: https://aws.amazon.com/polly/ Credit to Matt Navara for creating the bar chart race: https://twitter.com/MattNavarra Definitions: Gross Domestic Product (GDP): Measurement of a nation’s overall economic activity. It is the total sum of all finished goods and services created within a nation. GDP Per Capita: The total sum of a nations GDP divided by the population. Inflation: The rate at which the price of a basket of goods is increases. Usually expressed as a percentage. Transcript: We start in 1800, midway through the industrial revolution. A spark ignited in the United Kingdom, that would gradually spread unprecedented prosperity throughout the world. At this time, unprecedented wealth means that the average person in the UK produced less than $6 of economic activity a day. However, this makes them 3 times wealthier than the average Polish resident. Who produced less than $2 a day. In 1815 the Napoleonic wars come to an end. Mainland Europe begins to rebuild and take part in the industrial revolution. In 1833, Slavery is finally abolished in the United Kingdom In 1845, Ireland was hit by the Potato Famine. Over 1 million Irishmen to emigrate to the U.S., U.K. and Australia. During this time, over 3 million people would immigrate from Europe to these 3 countries. In 1850 gold is discovered in Australia sparking a gold rush. The gold rush will eventually fuel a speculative boom in the property market. At this point, the citizens in the top 3 countries produce just over $10 a day. While working an average, of 60 hours a week. Which is considered luxurious, because in Belgium, the average employee works over 70 hours a week, to produce 23% less in economic activity. In 1890 Australia’s property boom collapses. Australia’s federal bank falls and sets off a series of bank failures throughout the continent. From 1900 to 130 the US sees widespread adoption of electricity. The average US citizen is now the wealthiest in the world, producing more than $20 a day. In 19313 the United States establishes the federal reserve. And in 1914, the world descends into the first world war. Cheap credit from central banks fuel the economic boom known as the Roaring twenties. Cheap credit eventually collapses the economy, and in 1929, the world enter the great depression. In 1933 FDR signs The New Deal And in 1935 the world falls back into the second world war. The U.S. exits the war with incredible and sustained economic growth. The era is marked by massive leaps in technology, productivity and culture. It will come to be known as the golden age of capitalism. In 1960, several of the top oil producing nations come together to form OPEC. Starting in 1973, politics within OPEC force oil prices to rise from $3 to $28 a barrel, by the end of the decade. Western countries start demanding less oil, which leads to a massive oversupply. In 1980 oil prices begin to crash. However, the UAE successfully diversifies their economy. They are no longer entirely reliant on the price of oil. 9/11 2001, terrorists strike the world trade center. 2 years later the US invades Iraq, making oil prices spike once again. This lasts until the housing market crashes, sparking the global financial crises, and oil prices begin to fall. This brings us to current times. Global GDP per capita is now $17,300. According to the World Bank, 101 out of 183 countries are now considered "high" or "upper middle income" But 50 are still poorer than the U.S. was in 1800 at the beginning of this video
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This is the list of top ten countries with the largest GDP PPP in 2017, data based on IMF GDP PPP data for 2017. GDP (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.
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Top 15 countries by GDP PPP in the world.
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This list is based on estimates for 2017 by IMF’s World Economic Outlook Database, April 2017. Select data is from the CIA World Factbook. (Nominal GDP = gross domestic product, current prices, U.S. dollars, GDP per capita (PPP) = gross domestic product based on purchasing-power-parity (PPP) per capita, current international dollar, and GDP based on PPP = gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP, current international dollar) Thanks for watching By top 10 collections There are on other most amazing top 10 collections videos 1. Top 10 fastest train in the world. https://youtu.be/FwJQaANig1I 2. TOP 10 countries with most no. Of billionaires. https://youtu.be/-n7g9eNSFHQ 3.Top 10 most venomous and deadliest snakes on planet https://youtu.be/KKiXJyZVxXc 4.Top 10 fastest car in the world https://youtu.be/eP75XZyChJg
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How do we compare the standard of living in two different countries or in the same country over time? Comparisons of per capita Gross Domestic Product are one possible answer but what is GDP? What is nominal GDP? What is real GDP? And how do we compare US GDP of say 14.5 trillion dollars with Thai GDP of 9.5 trillion baht? It's more complicated than it looks! Exchange rates, for example, fluctuate much more rapidly than does the standard of living. Thus, in this video we look in more detail at the GDP statistic and how we compute Purchasing Power Parity adjusted GDP. Development Economics course: http://mruniversity.com/courses/development-economics-0 Ask a question about the video: http://mruniversity.com/courses/development-economics/gdp-and-ppp#QandA Next video: http://mruniversity.com/courses/development-economics/solow-model-1-%E2%80%93-introduction
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The gross domestic product (at purchasing power parity) per capita, in the year 2017 Data source: data.worldbank.org Song: Markvard - Perfect Day (Vlog No Copyright Music) Music provided by Vlog No Copyright Music. Video Link: https://youtu.be/dAlDN7J_kmw
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[Data Visualization] The dynamic graph shows GDP per capita of European Countries from 1980 to 2023. 👍 Top 20 Market Capitalization of Listed Domestic Companies (% of GDP) https://youtu.be/Df0kNVu4pEI 👍 Top 10 Military Expenditure Countries History (1960-2017) https://youtu.be/4L2QM8xiaTk 👍 Top 10 Country Road Injury Accidents History (2000-2017): https://youtu.be/tFfKZpm35GE 👍 Top 10 Olympic Gold Medal Country (1896-2016): https://youtu.be/d8CKzA5Ko7M 👍 Top 10 Richest People In The World (1996-2018): https://youtu.be/ElaOQmqGDDw 👍 Top 10 Biggest US Company by Revenue (1955-2018) https://youtu.be/7PEaEwptGQc 👍 Top 10 Patent Application Country History (1960-2016): https://youtu.be/5t_aG3McAYA 👍 Top 10 populated city of US (1950-2030): https://youtu.be/h7UvJtuLG8g #ThaLoStats #DynamicGraph #gdppercapita Data taken from: imf.org ---- Facebook: https://www.facebook.com/ThaloStats
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Top 15 Countries by Gross Domestic Product (1970-2017) Datasource: UNdata - http://data.un.org/ Music: "Electro Cabello" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
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PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD). Source: World Bank
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Animated Video created using Animaker - https://www.animaker.com This info-graphic video is about the top 10 economies in the world (1990-2020) in GDP PPP.
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This video shows the Top 10 countries with highest GDP from 2018 to 2100. The projected GDP ranking includes countries such as United States, China, India, Japan, France, etc. It also shows how Asia will dominate the economy while Europe starts to fall slowly. Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Twitter: twitter.com/wawamustats Facebook: fb.me/wawamustats Historical Top 10 Country GDP Ranking (Part 1): https://youtu.be/wykaDgXoajc Data Taken from: https://pardee.du.edu/ Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
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Top 10 largest economy in the world Top 10 largest economy in the world in the world 2018 Richest countries in the world 2018 Top 10 Richest countries in the world 2018 Top 10 Richest countries in the world GDP (PPP) MUSIC USED - Electronomia - Energy NCS release Please like Subscribe Comment Share
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