GDP of developing countries. The most powerful economies in the world. What is PPP - an indicator of purchasing power

The rating of the world's economies is compiled annually and often carries some changes. Although everyone knows the leaders, as they say, "by sight", and here they have remained unchanged for several years. This ranking is based on the study of states. It includes almost all countries, which makes the study one of the most important for understanding the general picture of the world.

GDP as an indicator of economic development

If we calculate the entire value of goods and services produced on the territory of a particular country, we get an indicator in other words, GDP. Thus, this indicator gives an estimate of the volume of economic production in general. If, for example, we take the two countries Kazakhstan and Portugal, which occupy 46 and 47 positions in the rating, respectively (203.1 and 201 billion dollars), it becomes obvious that economic development is not reliable in relation to the position in the list. Portugal has its main profit margins on finished products, i.e. the entire production cycle takes place here. The basis for Kazakhstan is the export of minerals, and development occurs due to extensive production, which cannot last long. Although in recent years there have been prospects for intensification, they are episodic, and practically do not change the overall picture. So, let's move on to the ranking of the world's economy Top-5 at the end of 2015.

# 5 - Great Britain

In the past year, the brilliant work of the Parliament and the country's economic system allowed England to break into the Top 5, overtaking France. This country has a long financial and industrial history. In this matter, she has no equal. The Central Bank works exclusively, the industry exports chemicals, products of light and heavy industries, mechanical engineering plays a huge role, high technologies. The service sector and tourism are of great importance.

But the main role in the indicators belongs to the financial gurus and the Central Bank of the country, it is they who are pursuing a policy to stabilize the pound, which is reflected in the GDP indicators, and it is 2853.4 trillion. USD.

No. 4 - Germany

This country has been and remains among the leaders for many years. Germany is a post-industrial country, based on which industry accounts for only 20% of the country's GDP. Just think, many believe that the basis of development is mechanical engineering with its BMW, Volkswagen, Audi, Maybach, Mercedes-Benz, Porsche and others, light and heavy industry. But, as it turned out, the main thing is agriculture and education. Science is of great importance, it is precisely its development that allows Germany to make discoveries, new inventions, which are immediately given a go to the market. All this, coupled with the skillful financial activities of the country's government, gives 3413.5 trillion. USD and provides the 4th level of the rating "World economies of the world".

No. 3 - Japan

The chain of islands in the East, which is called the Land of the Rising Sun, has simply amazing economic performance. Considering the fact that Japan practically does not own minerals and other natural resources. For many years it has been competing with the United States in the field of high technologies and inventions, and who is the leader here is a big question. It is no coincidence that robotics exhibitions are mainly held in Japan. And everyone knows that if the purchased equipment bears the stamp “made in Japan”, this gives tacit guarantees of its quality, which is worth only one company SONY. The mentality of the Japanese is of great importance - amazing efficiency and responsibility. They have it in their blood! The economies of the countries of the world indirectly depend on Japan, more precisely on the Tokyo Stock Exchange, which influences many financial events. Traditionally, this country supplies quality cars to world markets, such as Toyota, Honda, Mitsubichi, Mazda and others, household appliances, computers and other electronics. The role of the banking system is also very important. All this gives Japan a well-deserved bronze rating. The GDP of this country is 4210.4 trillion. USD.

# 2 - China

The PRC is not a character, but it has become so into a rage of development that the world's economy, at least in most countries, has become envious of it. GDP - 11211.9 trillion. USD! This is the second position. China is confidently pushing the United States and, according to analysts' forecasts, in less than 10 years, its economy may become the first in the world, overtaking America. And this is no coincidence, the GDP growth is 10% annually, which no country in our rating can boast of. China is the undisputed leader in the export of finished products. We can say that the PRC dresses and dresses everything and what the CIS, goods from Chinese factories are presented in abundance on the markets of Western Europe and America. The industry of the PRC has no equal for a long time, but in addition to it, space technologies are developing, the construction and mining of rare metals used in electronics, which is why a huge number of companies producing modern computer technology are concentrated in China. It turns out that even the well-known company Apple located production in China.

# 1 - USA

The United States has been the incomparable leader in terms of GDP for many years in a row. The main advantage of America is the dollar, it acts as a reserve currency for more than 50% of countries in the world, and the States skillfully use this. But one should not think that only the dollar brings this country to the first line of the rating. The US industry, high and information technologies, the service market - everything develops here, and the dollar supports this development. The world's economy is directly dependent on the state of affairs in the United States. Therefore, if economic difficulties begin in America, they occur in most countries of the world. Recall at least the "depression" of the early 30s of the XX century. One of the most powerful in the history of mankind began with a decline in quotations on the New York Stock Exchange. With regards to the GDP of the leader of the rating, it is at around 18,124.7 trillion. USD and makes up 30% of the global indicator.

2016 economic miracle

If we divide the entire earnings of the state by the number of inhabitants of the country, then we get a figure and here the rating is completely different, in which the above leaders are not even included in the top ten. Qatar, Luxembourg, Singapore, Brunei, Kuwait are located from 1 to 5 places, respectively, in this rating, where the economy is determined. The world around us plays an important role here. Three out of five leaders occupy positions due to their advantageous geographic location on the coast of the Persian Gulf and almost 100% of their exports are hydrocarbons.

Economic fiasco of 2016

The tense international situation is leading to a difficult economic situation. Some countries suffered more from this than others, with the result that the economy began to decline. In this regard, there is a rating "Worst economies in the world", which is headed by Venezuela, followed by another state in South America - Brazil, in the third line is the homeland of democracy - Greece, after it Russia due to the fall of the ruble against world currencies. Ecuador closes the Top 5.

Summing up, it must be said that the world economy in recent years is increasingly entering a state of crisis. Sometimes deliberate entry, due to, for example, sanctions, sometimes occurs for natural reasons, which also greatly affects the indicators, and, consequently, the rating. Of course, the calculations can be biased, firstly, because they are calculated in US dollars, and secondly, the difference in domestic prices and the cost of material goods is not taken into account. In general, we can say that the rating of the world's economies is nothing more than a GDP rating, which does not show the real state of affairs within each country, and this is its big disadvantage.

Every year, the world's largest economies by GDP are determined by analytical financial institutions. The list includes almost all countries of the planet. The success rate is expressed in dollar terms relative to the current exchange rate. Objectively, this rating of the world's largest economies does not reflect the nominal state of affairs in a particular country, but gives only a general assessment of the activities.

GDP indicators do not take into account the difference in prices for homogeneous services and goods. This is the main disadvantage of this rating. To solve this shortcoming, world statisticians use an additional coefficient of purchasing power parity. Taking into account the PPP indicator, the World Bank has compiled its rating of the TOP-10 countries with the most successful economies.

Unconditional US leadership

Even the largest economies in the world have been unable to compete with the United States in terms of nominal GDP for years. And even though today America has a colossal debt to a dozen banks, its leadership still remains unshakable.

The share of the gross product relative to the country's PPP accounts for almost 30% of the total world GDP. Today, the US economy is holding at $ 17.4 trillion. At the same time, in 2015, despite the oil crisis, indicators rose by another 2.3%. It is interesting that the US economy is one of the most transparent in the world. Dozens of financial reports from various ministries and chambers are published in the media every week. Also, indicators of public and commercial organizations are regularly published, which is not the case in any other country.

Most of the state's profitability is made up of natural resources. Also, the country has well-developed high-tech production, scientific research, service industries, and an export line. Nevertheless, in recent years, there has been a decline in the performance of the industrial sector due to a lack of labor.

Second place - for China

The PRC is developing more and more rapidly every year. A few years ago, the Chinese economy was on a par with the Japanese, but today the situation has changed radically. In 2014 alone, the PRC budget was replenished by several trillion dollars. It is the most developing country in terms of financial sustainability.

Currently, China's GDP is more than $ 10.3 trillion. Thanks to the reforms in the industrial system, the republic is capable of producing more export goods every day than any other country. It's all to blame for the long workweek, short vacations and low wages. Currently, the share of foreign investment in the country exceeds 80%. And according to experts' forecasts, the Chinese economy should overtake the American one by 2021.

Industry is considered the most important branch of profitability in the PRC. In industry, China has no equal for a long time. It is also worth noting the nuclear and space directions, the extraction of valuable ores, construction.

Japan closes the top three

At the moment, the country's nominal GDP is estimated at $ 4.6 trillion. However, 5-6 years ago, the Japanese economy occupied the second position in the world ranking, second only to America. Nevertheless, due to the rapid growth of the PRC index, the Land of the Rising Sun had to drop to third place.

The banking system, transportation services, real estate, telecommunications, retail trade and construction play a decisive role in the financial structure of Japan. Today, the country has optimized such industries as electronics, metal and chemical processing, textiles, food products, and automobiles. The service sector accounts for more than half of the nominal GDP.
Japan's economy is based on capitalism. This significantly slows down its development. The main instrument of capitalization in the country is the Tokyo Stock Exchange.

Features of the budget of Germany

At the moment, the financial structure of Germany is one of the most stable and successful in the world. The fact is that, unlike most other countries, the German economy is not built on foreign loans. The percentage of public debt is extremely small, which makes the budget of the republic invulnerable to a number of extraneous factors.

The German economy is determined by the level of GDP, the volume of which is about $ 3.8 trillion. In recent years, the country's profitability has grown thanks to higher export performance. The service sector also plays an important role in the development of the stability of the financial system. Germany is a post-industrial republic, so industry accounts for only 20% of GDP. The rest of the share applies to the service sector, education and agriculture.

UK economy

In this country, the stability of the budget is regulated by the successful manipulation of market demand and exchange rates. The largest economies in the world, such as France and India, have been lagging behind the UK for many years now. And the fault lies in the effective actions of the central bank of England. In addition, the financial systems of Northern Ireland and Scotland play a supporting role. The positive stability of the national unit - the pound sterling - also plays a role.
The volume of GDP of the united state is almost $ 3 trillion. It is noteworthy that the unemployment rate is increasing every year. Negative dynamics has been noted since the late 2000s. In 2009, the percentage of unemployed was about 7.6%. At the moment, the situation has leveled off a little - about 5%.

The main source of income for the state is the service sector, followed by industry and tourism.

The efficiency of the French economy

The country's GDP ranges from $ 2.8 trillion. This indicator allows France to enter the TOP-10 of the rating "The largest economies in the world" over the past few years.

It is interesting that this particular power is one of the most highly developed countries in the agrarian and industrial sectors. Industrial production accounts for two-thirds of state GDP at par. In the last 6 years alone, the gross product has grown by almost $ 1 trillion, that is, by 50%. There are about $ 40 thousand per capita here.
European analysts predict another 21% GDP growth in 2015. Thus, by January 2016, the figure will be $ 3.3 trillion, which, possibly, will allow the UK to catch up in the ranking.

Most Profitable Latin American Country - Brazil

This high level is due to the volume of GDP, which currently stands at $ 2.3 trillion. Like the rest of the world's largest economies, the Brazilian system is based on the service and industrial sectors. Nevertheless, agriculture and mining are highly developed in the country.

Brazil has a huge number of able-bodied citizens, and the authorities take advantage of this by providing people with new jobs. Today Brazilian export products are present in all world markets. And this applies not only to coffee, juice and textiles, but also to cars, aviation technology and electronic equipment.
It is not for nothing that Brazil is considered the most economically developed Latin American state. On the other hand, the north of the country still suffers from unemployment.

Italy economic indicators

The main advantage of the country's financial system is a competent approach to the federal budget. In just the last two years, Italy's treasury has grown 2.5 times. Today, nominal GDP stands at $ 2.1 trillion.

Medium business is well developed in the region. This also applies to the field of design, and the production of household appliances, and tailoring. Mechanical engineering, communications and agriculture remain in the leading positions. It is no secret that it is Italy that attracts tourists from all over the world with its new fashion trends. Resort places are also popular.

Today Italy is a highly developed industrial power. And yet there are significant holes and shortcomings in the economic system. First of all, this concerns the growing public debt, as well as the weak level of services. The tax system is also underdeveloped.

India's economic sensation

The stabilization of the state treasury took the South Asian republic for several decades. Immediately after gaining independence, the Indian authorities chose a course for the largest economies in the world. The first results were achieved already by 1991. By that time, the private sector had been modernized, and large investors and export partners had been attracted. Today, the country's GDP is about $ 2 trillion.
For a long time, the main sources of income for the state were the private sector and gold mining. Gradually, international trade relations began to develop, and there was a leap in health care. At the moment, agriculture accounts for only 28% of GDP, the rest is divided by industry and the service sector.

Russia closes the rating

The Russian Federation has long been an overdeveloped industrial and agrarian country. Today the GDP reaches the level of 1.9 trillion dollars. Thus, the share of Russia's gross product in the world supplies about 3.3%.

Interestingly, during the 2015 crisis, the Russian economy practically did not suffer. The authorities promptly replaced imported goods with domestic ones, significantly redesigning the industry. It is announced that in 2015 the treasury will be replenished by another 700 billion dollars.

As you know, the key sources of Russia's profit remain oil and gas production, as well as the tax system.

The absolute wealth of a country is expressed in terms of GDP. The absolute indicator of GDP indicates the general level of development of the country's economy and its share in the world gross product. The wealth of the inhabitants is usually calculated as the total GDP / number of citizens of the country. It is clear that the wealth ratings of countries and its inhabitants have little overlap with each other.

The richest countries in the world 2016 in absolute terms of GDP

1st place in wealth in 2016 is occupied by the USA

America, against the backdrop of a strongly slowed down China in 2016, no longer threatens to lose first place. Compared to last year, GDP has grown by $ 433 billion and the gap from second place has increased.

2nd place went to China

China's economic bubble has been deflating over the past year. Structural problems associated with the rise in labor costs have so far been flooded with money - about $ 400 billion of reserves have been spent. Although GDP growth has slowed down, it shows a stable positive result: + $ 171 billion.

3rd place - Japan

The global tech giant continues to perform well despite the volatility in Asian markets. + $ 202 billion

4th place went to Germany

Despite the problems in the Eurozone, its economic locomotive has managed to remain the fourth largest economy in the world. + $ 54 billion

5th place - Great Britain

The only country from the top five that showed a negative result according to the IMF estimates from April to April.

Russia among the strongest economies in the world it was in 14th position with a result of $ 1.1 trillion of GDP. Although the Russian Federation showed negative growth, it was able to move up one notch in the ranking due to Mexico, which fell to 15th place.

List of Top 100 countries in absolute terms of GDP in 2016

It is clear that it is much easier for China with a population of 1.36 billion to achieve absolute indicators than relative ones. The relative indicator of GDP is based on the ratio of the GDP produced by the country to the size of its population and characterizes the wealth and standard of living of the citizen himself.

The richest countries in the world in 2016 by the level of welfare of citizens (GDP per capita)

The richest citizens of 2016 live in Luxembourg

The miniature state still lives on rent from offshore and bank incomes and feels great about it. Citizens get $ 104 thousand from the country's GDP per person.

2nd place - Switzerland

Swiss banking secrecy and tourism allows the country's citizens to be among the wealthiest in the world. GDP per capita - $ 78 thousand

3rd place went to Norway

The northern country, despite significant losses from the fall in oil prices, managed to remain in the top three countries with the highest living standards. $ 69712

4th place - Qatar

The oil-producing Middle Eastern state has lost more than Norway from the fall in oil. If last year Qatar was in the lead in the list, now it is only fourth with a result of $ 66,000 per person.

Rounding out the top five - Macau

A special administrative region of China with a small population by Chinese standards of 500 thousand people earns from tourism (annual flow - 25 million) and gambling, which is 40% of GDP. $ 62.5 thousand

Russians in 2016 became poorer by $ 1,300 per person. $ 7750 is the 73rd result.

List of Top 100 countries by GDP per capita

Despite the fact that GDP at purchasing power parity cannot be a fair estimate and is akin to a mental balancing act like the Big Mac index, we present the existing data.

Ranking of countries by GDP by PPP per capita 2016

The growth of GDP during the crisis, the state of the economy, the increase in the average wage are the factors that allowed some countries to maintain leading positions in the quality of life of the population. By the end of 2016, which states have become more comfortable for life, which ones have left the TOP-10 and which ones are still the countries of dreams? About this - in our article!

A good country is a healthy country. According to the data of the World Health Organization (WHO), the UN and the World Bank, the TOP-10 states with the healthiest population looks like this:

1. Iceland. Its primacy is due to the maximum number of health workers (more than 3.6 per 1,000 population), the minimum number of people diagnosed with tuberculosis (only 2 per 1,000 people) and the highest life expectancy in the world (more than 72 years for men and 74 for women).
2. Singapore. The minimum number of people suffering from obesity (1.8%) and high life expectancy (average - 82 years) allowed this city-state to take a high place in the ranking.
3. Sweden. The small number of tuberculosis patients (only 3 per 1,000 people), coupled with the minimum infant mortality, allowed her to take the honorable 2nd place.
4. Germany. More than 11% of the state's GDP goes to healthcare (Germany spends more than 3500 euros annually for the treatment of citizens).
5. Switzerland. The high place in the rating is due to the large number of doctors (3.6 per 1,000 people)
6. Andorra. Health spending in Andorra is more than 8% of GDP, and the average life expectancy of the population is over 82 years.
7. Great Britain. This country is the only state in the West, which owns 95% of the medical facilities operating on its territory. More than 9.8% of GDP is spent on healthcare.
8. Finland. In this country, about 300 people fall ill with tuberculosis / year, while annually 30 thousand people are diagnosed with cancer (over 75% of patients are completely cured).
9. Netherlands. The country has a low incidence of tuberculosis (5.4 people per 1,000 inhabitants) and a sufficient life expectancy - more than 81 years.
10. Canada. The Medicare health care system is the pride of this North American state, because it guarantees almost free medical care to every inhabitant. Expenditures on health care account for over 10% of GDP, and the life expectancy of citizens exceeds 80 years.

The worst countries in terms of health of citizens are African states: Swaziland, Somalia, South Sudan, Chad, Central African Republic, Mali, etc. The rating is compiled on the basis of data from researchers from the University of Seattle and the Bloomberg news agency.

WHO uses a special indicator to determine the quality of health care - life expectancy at birth. According to the rating of the World Health Organization, Russia takes 110th place in terms of the level of medical care. And although the health care system leaves much to be desired, the Russian Federation is ahead of other CIS countries, such as Kazakhstan (111th place), Tajikistan (115), Armenia (116), Uzbekistan (117), Ukraine (151), losing only to the Republic of Belarus (98th place) ...

TOP 10 countries ideal for business

A strong economy is unthinkable without a successful business. In 2016, Forbes compiled a list of countries that are most convenient for doing business. It is noteworthy that 6 out of 10 participants in the rating are EU countries:

1. Sweden;
2. New Zealand;
3. Hong Kong;
4. Ireland;
5. Great Britain;
6. Denmark;
7. Netherlands;
8. Finland;
9. Norway;
10. Canada.

The American edition has been forming the rating for 11 years, taking into account the level of bureaucracy, the size of taxes, corruption, economic growth, financial and personal freedom of citizens - in total 11 factors were taken into account. Sweden was in the top ten for 7 of them, because its economy grew by 4.2 percent at the end of the year with a GDP of 493 billion US dollars. The data for the assessment were obtained from the reports of the World Bank, the World Economic Forum, Transparency International, an international non-governmental organization against corruption, and others.

In terms of economic development, Russia took 40th place, and in terms of the complexity of starting a business, it was in 26th position. The RF ranked 30th in terms of electricity availability, 44th in credit availability, 45th in terms of taxation, and 115th in terms of the complexity of obtaining construction rights. According to the World Bank, the ideal country for business (without taking into account additional criteria, be it economic growth) - New Zealand, because in it "paying taxes is as easy as writing a check."

The most prosperous countries in the world

Well, where we do not? British non-profit organization The Legatum Institute has published a world ranking study of the most prosperous countries in the world. The most "prosperous" countries are determined taking into account economic and social indicators, business opportunities, education and health care levels, social capital and personal freedoms of citizens. The experts rated 149 countries, giving them scores in the range of 0-10 according to 89 criteria.

Based on the results of the analysis carried out in 2016, the following rating was compiled:

1. New Zealand (prosperity index - 79.28);
2. Norway (78.66)
3. Finland (78.56)
4. Switzerland (78.10);
5. Canada (77.67);
6. Australia (77.48);
7. Netherlands (77.44);
8. Sweden (77.43);
9. Denmark (77.37);
10. UK (77.18).

The purpose of this study is to study the public welfare of the states of the world on a global scale. The Prosperity Index is a composite measure of the achievement of states in terms of well-being. In this list, Russia occupies 95th position (prosperity index - 54.73). The closest "neighbors" in the rating are Nepal and Moldova (94th and 96th places, respectively). Among the CIS countries, Russia has the best indicators: 25th place for the quality of education, 56th for environmental safety, 69th for entrepreneurship.

Russia's achievements are obvious - every year it moves to the top lines of the rating. At the same time, the results should be viewed through the prism of political sentiments: in the report of the Legatum Institute, the liberal clichés "Putin's Russia", "Soviet legacy", "communist past", etc. are repeatedly used. When compiling the rating, the British organization uses survey data from the previous year, which does not allow 100% to objectively reflect the reality.

Ranking of countries in the world in terms of living standards

The United Nations (UN) has published a report on the quality of life of people around the world since 1990. The ranking is based on the Human Development Index, or Humanity Development Index (HDI). This index allows you to measure the achievements of states in the field of health care, incomes of the population, education, social services, etc.

The report was last published in 2015, and the best countries to live in were distributed in the UN ranking as follows:

1. Norway (0.94);
2. Australia (0.935)
3. Switzerland (0.93);
4. Denmark (0.923);
5. Netherlands (0.922);
6. Germany (0.916);
7. Ireland (0.916);
8. United States of America (0.916);
9. Canada (0.913);
10. New Zealand (0.913).

Russia is one of the countries with a high human development index (0.798) on a par with Belarus. Our country is slightly ahead of Oman, Romania, Uruguay, slightly behind Montenegro. The countries with the worst HDI index are located in Africa: these are Niger, CAR, Eritrea, Chad, Burundi, Burkina Faso, Guinea, Sierra Leone, Mozambique and Mali.

1. Denmark (201.53);
2. Switzerland (196.44);
3. Australia (196.40);
4. New Zealand (196.09)
5. Germany (189.87);
6. Austria (187);
7. Netherlands (186.46);
8. Spain (184.96);
9. Finland (183.98);
10. United States of America (181.91).

The index was calculated without using government data and official reports, so it can be considered subjective and depoliticized. For the calculations, a formula was used that takes into account such factors as the purchasing power of the population, the ratio of the cost of real estate to the income of citizens, safety and cost of living, the quality of health care, climate and even the situation on the roads (the less traffic jams, the better).

Russia ranks 55th on this list with a quality of life index of 86.53. It is slightly ahead of Ukraine and slightly inferior to Egypt and Singapore. Russia has shown quite good results in the real estate sector: the housing affordability index is 13.3 (this is only slightly more than that of Austria, France, Estonia, South Korea). The purchasing power index of Russians is half that of the citizens of the leading countries on the list - only 52.6. But the cost of living index in Russia is one of the lowest (35.62). For comparison: in Switzerland it is 125.67, in Norway - 104.26.

The table of indices that determine the position of the listed countries looks like this:

Along with a high standard of living, relative affordability of housing, high purchasing power of citizens, the leading countries in terms of living standards are also the most expensive to live in. The ranking of the most expensive countries to live in looks like this:

1. Switzerland - 126.03;
2. Norway - 118.59;
3. Venezuela - 111.51;
4. Iceland - 102.14;
5. Denmark - 100.06;
6. Australia - 99.32;
7. New Zealand - 93.71;
8. Singapore - 93.61;
9. Kuwait - 92.97;
10. Great Britain - 92.19.

TOP-10 is compiled on the basis of data from the research company Movehub (Great Britain). The index used (the Consumer Price Index, or CPI) takes into account the cost of food, utilities, transportation, gasoline and entertainment. An interesting fact: the index reflects the ratio of the cost of living in New York (if it is 80, then living in the country is 20% cheaper than in the Big Apple).

The most accessible for life are mainly the countries of Asia and Africa: India, Indonesia, Bangladesh, Pakistan, Nepal, Egypt, Algeria. The states of Europe and North America are still attractive, but quite expensive to live in. The attractiveness is due to the excellent quality of medical and educational services. The best universities in the world are located on their territory: Harvard, Princeton and Yale Oxford and Cambridge universities.

Many leaders of the listed ratings are countries with excellent ecology. According to Forbes, Switzerland, Sweden and Norway are the three cleanest and most favorable countries to live in in terms of climate and ecology. On their territory, there are practically no harmful industries, and endless green meadows, mountains and the purest natural reservoirs make living and resting in them as beneficial to health as possible.

Note that many states are absolute leaders who have distinguished themselves in all respects. Thus, Norway, Iceland and Sweden can be safely called ideal for living, working and tourism. And which countries, in your opinion, have provided their citizens with optimal living conditions and the highest possible standard of living? Share your personal experience and opinions in the comments!

We are looking forward to your feedback, reposts and comments, thank you.

GDP - Gross Domestic Product. In simple terms, this is an indicator of the value of goods and services produced by a particular state. . These are all products and services produced in the state, which are expressed in monetary terms. This indicator is often expressed in US dollars due to the fact that the US dollar is one of the most stable currencies in the world.

Today, two types of GDP are distinguished:

• Nominal is the total volume of products and services produced, measured in current prices, that is, in values ​​that are relevant at the moment.
• Real GDP is the total volume of goods and services produced for a certain period of time, measured in basic values. The base values ​​are called constant prices.

The difference between nominal and real GDP is that real GDP can only be affected by a change in the volume of goods produced. At the same time, the change in the indicator of nominal GDP is directly affected by the price of goods and services sold.

The ratio of the nominal to the real indicator in the economy is called the GDP deflator.

In other words, the deflator is a measure of the difference in the overall value of an economic industry.

We divide the total volume of GDP by the number of citizens living in the state.

The most developed states

The most developed countries in the world in 2019-2020 according to the UN rating of countries were 5 states.

USA

US GDP - $ 20.494 trillion. The USA received such a high GDP indicator thanks to its national currency - the dollar. This currency is used all over the world and is considered one of the most stable.

America has entered the ranking of the countries with the highest GDP levels thanks to corporations such as Microsoft and Google. Every year in America, the country's GDP grows at a rate of 2.2%. The figure for one person is $ 62,605.

China

China with a GDP of USD 13.608 trillion. China does not leave its positions and still remains one of the leading economies in the world. According to forecasts of economists and financial analysts, China has every opportunity to oust the United States of America soon. This is possible due to the intensive growth in the value of GDP. The share of GDP in China is growing by 10% annually.

Japan

Japan ranks third. Despite the fact that economists predict that Japan will partially stop the growth of indicators, this country of the world today has a GDP of 4.970 trillion dollars.

According to statistics, the share of GDP of this republic is increasing by 1.5%. The increase in indicators is due to the established export of cars, household appliances, computers and other electronic goods. In this country, GDP per capita is $ 39,309.

Germany

The fourth place is occupied by Germany with a GDP of 3.996 trillion US dollars per year. The country was able to achieve such indicators thanks to the export of Volkswagen cars, industrial equipment and household appliances. Compared to the previous year, the share of the gross domestic product in Germany increased by 0.4%. GDP per capita is USD 48,264.

Great Britain

The last place in the top 5 developed countries of the world was taken by Great Britain. The level of the indicator at around $ 2.825 trillion allowed the UK to oust France.

Table: top 20 countries in the world in terms of GDP after 5 developed countries of the planet in 2019 according to the UN

Indicators in the EU countries

The European Union is a very powerful and unique economic structure. In 2020.

GDP of the countries of the world for 2019

Top 10 most economically developed countries of the European Union (2018 IMF statistics):

1. The most developed country in the world, a member of the European Union, is Luxembourg. Despite its small area, this country has an incredibly strong economy, as evidenced by the GDP per capita, which was equal to 114,234 USD in 2018.
2. Switzerland ranks second. This country has a GDP per capita of 82,950 USD.
3. Norway ranks third. The size of GDP per capita is equal to 81694 USD.
4. In Ireland, the GDP per capita is 81,694 USD.
5. Iceland has an indicator at the level of 74278 USD.
6. In Denmark, the gross domestic product is 60692 USD.
7. According to statistics in Finland, the level of GDP is 38,100 USD.
8. Sweden ranks eighth with a GDP of 53,873.
9. The Netherlands is experiencing a GDP growth rate. In 2018, this figure was 53,106.
10. Austria ranks tenth with 51509.

Table: the level of GDP of some EU countries per capita

The "weakest" states

Forex technical analysis economists have conducted research on the forecast of GDP growth and decline for 2020. According to the findings, the list of countries with weak economies in 2020 will consist of states such as:

Forecast of the dynamics of GDP growth in other countries of the world

Table: List of Countries Expected to Increase GDP in 2020

In the EU countries, the GDP level is expected to rise by 1.7%. At the same time, the probability of a recession is 15%.