Which country has the highest GDP in 2016?

Which country has the highest GDP in 2016?

GDP by Country

# Country GDP per capita
1 United States $59,939
2 China $8,612
3 Japan $38,214
4 Germany $44,680

Which country has the highest GDP PPP?

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….GDP per Capita.

# 1
Country Qatar
GDP (PPP) per capita (2017) $128,647
GDP (nominal) per capita (2017) $61,264
vs. World PPP GDP per capita ($17,100) 752%

Who has the largest PPP in the world?

China is the top country by GDP based on PPP in the world. As of 2020, GDP based on PPP in China was 24,142.83 billion international dollars that accounts for 18.36% of the world’s GDP based on PPP.

What is GDP PPP vs GDP?

How are they defined? GDP per capita, purchasing power parity (PPP) (current international $) – This is the GDP divided by the midyear population, where GDP is the total value of goods and services for final use produced by resident producers in an economy, regardless of the allocation to domestic and foreign claims.

Which is the richest country in the world 2021?

Richest Countries In The World 2021

  • Luxembourg (GDP per capita: $118,001)
  • Singapore (GDP per capita: $97,057)
  • Ireland (GDP per capita: $94,392)
  • Qatar (GDP per capita: $93,508)
  • Switzerland (GDP per capita: $72,874)
  • Norway (GDP per capita: $65,800)
  • United States of America (GDP per capita: $63,416)

Which country has highest GDP 2020?

  1. United States. GDP – Nominal: $20.81 trillion.
  2. China. GDP – Nominal: $14.86 trillion.
  3. Japan. GDP – Nominal: $4.91 trillion.
  4. Germany. GDP – Nominal: $3.78 trillion.
  5. United Kingdom. GDP – Nominal: $2.64 trillion.
  6. India. GDP – Nominal: $2.59 trillion.
  7. France. GDP – Nominal: $2.55 trillion.
  8. Italy. GDP – Nominal: $1.85 trillion.

Which country has the highest purchasing power?

Purchasing Power Index by Country 2020

Rank Country Purchasing Power Index
1 Switzerland 119.53
2 Qatar 111.69
3 United States 109.52
4 Australia 107.31

Why does China have a high PPP?

The reason China ranks so high on the PPP scale is primarily because labor costs (i.e. wages) are low, which in turn keeps prices down — a phenomenon known as the Penn effect. By that measure, China is about eight years from matching the U.S. at current economic growth rates.

What does GDP in PPP mean?

purchasing power parity
GDP per capita based on purchasing power parity (PPP). 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.

What are the poorest countries in the world 2021?

The poorest countries in the world in 2021

  • Democratic Republic of Congo (DCR)
  • Niger.
  • Malawi. Photo Credit: USAToday.com.
  • Liberia. GNI per capita: $1,078.
  • Mozambique. Photo Credit: Ourworld.unu.edu.
  • Madagascar. GNI per capita: $1,339.
  • Sierra Leone. Photo Credit: The Borgen Project.
  • Afghanistan. GNI per capita: $1,647.

Which countries have the highest GDP?

A Gross Domestic Product (GDP) is a yardstick used to measure the economic status of a country. It periodically assesses the market value of all final goods and services in a country. The countries with the highest GDPs include Norway, Switzerland, the United States, and Saudi Arabia among others.

What is the lowest GDP in the world?

In 2019, South Sudan once again reported the lowest per-capita GDP ever, closely-followed by Burundi and Malawi. All three countries struggle economically, because of poorly developed infrastructure and a low standard of living.

What are the 10 largest economies in the world?

Virtually all countries around the world measure and report their GDP on a regular basis. This allows us to compare the economic strength of countries around the world. The world’s top 10 economies by GDP (1 to 10) are the United States, China, Japan, Germany, United Kingdom, France, India, Italy, Brazil, and Canada.

What is the GNP of the entire world?

World gnp for 2019 was $88,792.24B, a 4.88% increase from 2018. World gnp for 2018 was $84,663.44B, a 7.65% increase from 2017. World gnp for 2017 was $78,645.35B, a 1.76% increase from 2016. World gnp for 2016 was $77,288.54B, a 1.31% decline from 2015.