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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Countries With The Largest Gross Domestic Product (GDP) 2024 (20871 Views)
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Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by babasolution: 12:23pm On Jul 13 |
Objectivist04: The Igbo are progressive but not disciplined and orderly enough for their progressivity to truly count 1 Like |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by NewHe: 12:23pm On Jul 13 |
No African country in the top list. No Oil producer in the Top 5 except USA! 2 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Gerrard59(m): 12:23pm On Jul 13 |
Objectivist04: Weak Yen and a greying population. China has a huge internal market and is the world's factory as it has integrated supply chains across major products. Also, the Chinese are more aggressive in making inroads into newer markets. Something the Japanese aren't good at. As for technological know-how, China has surpassed Japan and in some industries surpassed Germany. There are just a few industries the Chinese are yet to conquer such as aircraft engineering, semiconductor machinery and advanced biotech. Anything you think the Japanese are good at, the Chinese have surpassed them. Most importantly, Japan's economy fell when they signed the Plaza Accords which the US forced it to. Then, Japan's economy was roaring and almost surpassed that of the US. The same "IP theft" the US accuses China of today, the US did the same to Japan. By signing the Plaza Accords and accepting imbalanced trade deals in semiconductor chips/automobiles, the Japanese economy descended into the "Lost Decades". It is such a similar deal the US wants China to sign, which thankfully, Chinese elites have refused. Hence, the so-called US-China trade war. 8 Likes 3 Shares |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Krismas(m): 12:27pm On Jul 13 |
Fineman2: ![]() |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by phemray(m): 12:27pm On Jul 13 |
Fineman2: Nigeria will soon go to 3rd following chaina by 2035 once everyone stops cashing out at every opportunity. 1 Like 1 Share |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by AdesegunSanni89: 12:27pm On Jul 13 |
Whobedatte:Texas economy even too far, how about those mega corporations like Microsoft that are more valuable than the GDP of many countries. Even individuals in America like Elon Musk, Jeff Bezos are wealthier than many countries. USA no be anybody mate o. 3 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Gerrard59(m): 12:27pm On Jul 13 |
casualobserver: Three major reasons: - Nigeria is not a united country. - Nigerians consume Anglophone media content because of the English language. This also affects Chinese Singaporeans, some Hong Kongers, India etc. - The relationship between the US and Nigeria has been seemingly benign compared to say Nigeria and the UK or France and Francophone Africa. 3 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by themanderon: 12:28pm On Jul 13 |
Nigeria was never meant to develop so you can never find them in the list of progressive countries. Our leaders are mere stooges helping to keep the country crippled for life. Till the people rise and challenge the present order nothing will ever change even in 50yrs. 4 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by KingCold: 12:29pm On Jul 13 |
DrKlever:There's a difference between GDP of a country and a GDP per Capita 1 Like |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by ColonelMichael: 12:30pm On Jul 13 |
We lost it when APC came on board, it is finished. 2 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by ColonelMichael: 12:31pm On Jul 13 |
phemray: Or once fools stop voting APC and covering and defending their mess. 1 Like |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Demayour: 12:31pm On Jul 13 |
casualobserver: Why won't God bless America? Do you think God tolerates wasters of resources like Nigeria. When Nigeria is ready, ten America can't stop it. For now, let's keep shouting "emilokan, obidient and artikulate and let's see where that gets us. 2 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Gerrard59(m): 12:32pm On Jul 13 |
brain54: India is growing very fast. The major issues in their clog are: - Huge population. Although in a greying world, this could become a boon. - Cultural issues and diversities - Incompetent elites compared to the Chinese. Another thing is brain drain to the West. Compared to China whose diasporan population (Taiwan, Hong Kong, Chinese Malaysia and Singapore alongside cultural cousins such as Korea and Japan) HAD already developed, it is Mainland India that is developing first. The best brains from India are in the West. The best Chinese brains returned to China to contribute to its development. But yeah, India's economy is growing fast, ditto Indonesia and Vietnam. The 21st Century is Asian. |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:32pm On Jul 13 |
The United States of America 🇺🇲 will remain the Greatest country in the world, nothing can change it. 2 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:35pm On Jul 13 |
brain54:They are progressing rapidly and they have large population which they are utilizing efficiently, unlike Nigeria that is shamelessly big for nothing. |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:36pm On Jul 13 |
Gudugudu07:yes with our large population. But the government made sure to destroy education, healthcare and various infrastructures. Those factors are limiting our progress. And corruption is an endemic Cancer plaguing this annoying country. |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:38pm On Jul 13 |
SmartPolician:Exactly. Nothing can bring them down. The most powerful and organized country in the world. Any country that want to be serious In life must model itself after the United States of America – Politically and Economically. 2 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by brain54(m): 12:38pm On Jul 13 |
Gerrard59:Interesting read... India's and Nigeria's problems are maybe 80% similar. What can you also say about the Brazil? |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:39pm On Jul 13 |
agabusta:Government is to be blamed ok. Individual can do little or nothing without the Government input. |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:39pm On Jul 13 |
agabusta:Government is to be blamed ok. Individual can do little or nothing without the Government input.. |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by DeLaRue: 12:39pm On Jul 13 |
Objectivist04: Currency. The Japanese Yen is now over 160 to a dollar, I think. Just a few years ago, it was 110 -115. As your currency's value decreases against the dollar, your GDP will be recalculated by the percentage of the decrease. Same thing happened to Nigeria. That's why we went from No.1 in Africa to No.4. If naira keeps falling, and South African Rand, or Egyptian Pound remain stable or gain in value against the dollar, their GDP will be worth more in dollar value than Nigeria 's. That' exactly what happened in the past year. The strength of every economy in the world, including each country's GDP, is calculated by reference to the almighty US dollar. Another problem for the Japanese is the country's population is falling every year. It means there are not enough newborns replacing those dying. So, their domestic market is shrinking, their companies can't find enough employees, the proportion of old people relative to young ones is high and increasing. In another 100 years, Japan's population will be less that half what it is today. Japanese are not having sex. The men refuse to have it. The women don't want it either. So, few children are being born. The country is slowly dying. 2 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:39pm On Jul 13 |
Quelme:Who outdated it? |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:41pm On Jul 13 |
dibunotion:We are talking global economies you are mentioning Africa. Most African countries can't even boast of a gdp of $500 billion USD not to talk of $1 trillion USD. Africa is not a serious continent; Economically. 1 Like |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by 99thEnemy(m): 12:41pm On Jul 13 |
brain54:As for India it doesn’t surprise me a bit. If you know what India’s capacity and capabilities are at present. 1 Like |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Entusky(m): 12:43pm On Jul 13 |
Fineman2:All thanks to MODI JI and LULA DA SILVA 2 Likes 1 Share |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:44pm On Jul 13 |
AngelicBeing:Those ones are not innovative. They are monarchical and their economy is mainly socialism. And socialist countries of the east are very uselessx they don't allow entrepreneurial innovation like the West – US and Co. Any country that hates Liberalism will never go far in life. China learned their lessons very well. 2 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:45pm On Jul 13 |
PHIPEX: Germany greatest strength is making Quality Education Free and extremely affordable both for citizens and foreigners. A highly educated workforce is a huge catalyst for economic development. That's why most African countries will never progress in life. 5 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:46pm On Jul 13 |
SmartPolician:Some daft people will always blame others for their foolishnessx rather than being responsible. 3 Likes |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Nex12: 12:46pm On Jul 13 |
Anonimoux:the usa helped Germany after WW2 |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by 99thEnemy(m): 12:46pm On Jul 13 |
Anonimoux:South East people |
Re: Countries With The Largest Gross Domestic Product (GDP) 2024 by Anonimoux: 12:47pm On Jul 13 |
99thEnemy:How? Educate me |
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