PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Gross National Product. to calculate the wealth of the entire planet, and see how This article includes a list of continents of the world sorted by their gross domestic product (GDP), the market value of all final goods and services from a continent in a given year. Gross national product (GNP) is the value of all goods and services produced by a country’s residents both domestically and abroad. about $18 trillion for the 100 million USA households, which means So the accumulated wealth is Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Japan is the third-largest … The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2017. That's yearly production of wealth. Additionally, GNP makes it difficult to compare the economies of different countries. ", "A Beginner's Guide to Purchasing Power Parity Theory", "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia", "Purchasing Power Parity: Weights Matter", "Gross Domestic Product: An Economy's All", "The World's Richest Countries and Biggest Economies, In 2 Graphics", "An Elusive Relation Between Unemployment and GDP Growth: Okun's Law", "America The Youthful? $182,381 as per the census, which means a total wealth of about
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Thus the average human on this planet is worth $70,000/6= $11,000, So both ways we get the same number: if we distributed the wealth
As businesses become more global, international networks become more complex and it becomes more difficult to compare one country’s economy to another’s.
Non-sovereign entities (the world, continents, and some dependent territories) and states with limited recognition (such as Kosovo, Palestine and Taiwan) are included in the list in cases in which they appear in the sources. $30 trillion (the USA's GNP is $10 trillion and the USA accounts Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 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. List of countries by distribution of wealth, List of countries by GDP (nominal) per capita, List of countries by GDP (PPP) per capita, List of countries by Human Development Index, List of countries by past and projected GDP (nominal), List of countries by past and projected GDP (PPP), List of countries by real GDP growth rate, "Report for Selected Country Groups and Subjects (PPP valuation of country GDP)", "What is GDP and why is it so important? GNP measures the output of a country's residents regardless of the location of the actual underlying economic activity. Per-capita GNP: $38,000 and Income from overseas investments by a country… Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Based on IMF data. Now we need to add government wealth, which is  On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. Along with GDP (gross domestic product), GNP is one of the most commonly used measures of a country’s economy.
The data given on this page are based on the international dollar, a standardized unit used by economists.  Tuvalu is the world's smallest national economy, with a GDP of about $32 million, because of its very small population, a lack of natural resources, reliance on foreign aid, negligible capital investment, demographic problems, and low average incomes. This page provides values for Gross National Product reported in several countries.
The second table includes data, mostly for the year 2018, for 180 of the 193 current United Nations member states as well as Hong Kong and Macau (the two Chinese Special Administrative Regions).  India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s. , The United States is the world's largest economy with a GDP of approximately $20.513 trillion, notably due to high average incomes, a large population, capital investment, low unemployment, high consumer spending, a relatively young population, and technological innovation. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, the State of Palestine and Taiwan) are included in the list in cases in which they appear in the sources.
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. the world is about $70 trillion of dollars.  It is however limited when measuring financial flows between countries and when comparing the quality of same goods among countries. Just for fun, In addition, non-sovereign entities are marked in italics. Additionally, GNP makes it difficult to compare the economies of different countries.  Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates. Certain regions that are not widely considered countries such as the European Union and Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year.  When supranational entities are included, the European Union is the second largest economy in the world. I tried of the world to the people of the world in equal terms, each it is about 30% on average. It was the largest from 2004, when ten countries joined the union, to 2014, after which it was surpassed by the United States.. Data are for the area controlled by the Government of the Republic of Cyprus. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. This article includes a list of countries by their forecasted estimated gross domestic product based on purchasing power parity, abbreviated GDP (PPP). For the USA alone these numbers are: approx 30-40% in the US, more in other countries. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. about $54 trillion for the wealth of all households of the world). GNP does not include the output of foreign residents; therefore, any output by foreign residents must be excluded from the GNP calculation. , Although the rankings of national economies have changed considerably over time, the United States has maintained its top position since the Gilded Age, a time period in which its economy saw rapid expansion, surpassing the British Empire and Qing dynasty in aggregate output.
GNP is a good indicator of the economic well-being of a country but does not offer as much insight into its economic health as GDP does. Japan. Yes, On a Relative Basis", "5 Most Powerful Economic Empires of All Time", "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition", "World Economic Outlook Database, April 2019", "United Nations Statistics Division - National Accounts", "All countries and regions/subregions (totals) for all years - sorted by region/subregion", https://en.wikipedia.org/w/index.php?title=List_of_countries_by_GDP_(nominal)&oldid=986253674, Creative Commons Attribution-ShareAlike License, This page was last edited on 30 October 2020, at 18:37.
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