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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Countries By GDP: 30 Largest Economies In The World (1058 Views)
Countries With The Largest Gross Domestic Product (GDP) 2024 / Richest African Countries By GDP Per Capita / Califonia Hits $2.7T GDP And Overtakes Britain As Fifth Largest Economy (2) (3) (4)
Countries By GDP: 30 Largest Economies In The World by adamusuleiman1: 4:33am On Dec 24, 2022 |
GDP is the sum of the monetary value of the finished goods and services produced in a country in a year. Generally, the bigger the GDP, the bigger a nation's economy. If GDP increases, a country might have more goods and services that can improve the quality of living in the country. In terms of GDP, there are two types, nominal and PPP: Nominal GDP is the value of all the finished goods and services produced in a country in a year based on current prices without adjusting for inflation. GDP, PPP factors in the price difference of goods and services in different countries when calculating the total product. In many emerging market countries, the price of goods and services cost less than the price of the same goods and services do in the United States. As a result, nominal GDP doesn't fully reflect the amount of goods and services produced in those countries. To more accurately reflect the purchasing power, GDP, PPP makes adjustments. Given adjustments can be difficult and subjective, GDP, PPP is harder to calculate. In terms of which metric is better, both have their uses. When it comes to a country's living standard, GDP, PPP is regarded as the better metric because it reflects purchasing power better. Nominal GDP, however, is much more useful than GDP, PPP when it comes to financial flows. In terms of the world's largest economies, many of the leading economies are countries that are either very developed like Japan or have large populations and resources like India and China. Although there are exceptions, emerging markets tend to have lower nominal GDP than their GDP, PPP. In terms of GDP growth, the growth of GDP of many nations were relatively strong in 2022 given the rebound from the pandemic. With the U.S. Federal Reserve having raised interest rates seven times this year alone, however, many analysts think there could be an economic slowdown next year. In terms of investing returns, countries that are more stable and advanced in technology, and that grow faster than the other countries generate higher returns for their stock market investors. For instance, the US economy has clearly been the leading the world in technological advancement since the early 80s and its stock market returned slightly more than 10% annually over the last 40 years. That's why Warren Buffett's "never bet against America" motto has been working. If Buffett was born in the Soviet Union and employed a "never bet against Russia" investing approach, he would have failed as an investor. For our list of Countries by GDP: 30 Largest Economies in the World, we used the top 30 countries by nominal GDP in 2021 according to the World Bank. 2 Likes |
Re: Countries By GDP: 30 Largest Economies In The World by adamusuleiman3: 4:37am On Dec 24, 2022 |
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Re: Countries By GDP: 30 Largest Economies In The World by Day169: 5:00pm On Dec 24, 2022 |
Whao! .. look at Russia at a distant 11th position, with a meagre 1/10th of China's GDP, not to compare with that of USA. 9ja i hail o!! ![]() 1 Like |
Re: Countries By GDP: 30 Largest Economies In The World by panafrican(m): 5:24pm On Dec 24, 2022 |
The goal of this ranking was clear from the beginning: To make people believe that Russia is Nothing ! Pfffffff!. 1 Like |
Re: Countries By GDP: 30 Largest Economies In The World by joyandfaith: 5:54pm On Dec 24, 2022 |
panafrican: Russia economy cannot sustain a prolonged international war. Even during ww2 , USSR relied on supplies from uk and usa to sustain the war. Russian soldiers are more like cannon fodders. It happened during ww2 as well. If you use per GDP per capital, Russia and China economies are even worse. 3 Likes |
Re: Countries By GDP: 30 Largest Economies In The World by jimetagambo: 5:55pm On Dec 24, 2022 |
panafrican:That's all you can deduce from this educative post. If OP wanted to mess Russia, he would have used GDP per capita. Countries like Nigeria and India would not even be in the top 30 too. 1 Like |
Re: Countries By GDP: 30 Largest Economies In The World by Nobody: 5:56pm On Dec 24, 2022 |
Russia na Pikin, even Texas a state in US has a superior economy to Russia 1 Like 1 Share
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Re: Countries By GDP: 30 Largest Economies In The World by panafrican(m): 5:58pm On Dec 24, 2022 |
castro2468: Do you know what the real value of money is ? 1 Like |
Re: Countries By GDP: 30 Largest Economies In The World by Nobody: 6:03pm On Dec 24, 2022 |
panafrican: Tell me Emefiele 1 Like
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Re: Countries By GDP: 30 Largest Economies In The World by Nobody: 6:17pm On Dec 24, 2022 |
Day169: Bro, Nigeria GDP $440.78 billion from a nation of 219 million people compare to Israel $481.59 billion from a nation of 10 million people, there is nothing to hail here, with our population and resources we are suppose to be in the top 7 |
Re: Countries By GDP: 30 Largest Economies In The World by panafrican(m): 6:22pm On Dec 24, 2022 |
castro2468:Agreed but Israel stole from the Palestinians, then from Syria, Egypt. Their GDP is made of plunder . Nigeria did not steal from any neighboring country. 1 Like |
Re: Countries By GDP: 30 Largest Economies In The World by Nobody: 6:55pm On Dec 24, 2022 |
panafrican: Ok I agree too, oya compare Nigeria to a less- controversial country like Norway Norway's GDP is $482.44 billion from a nation of 5.5 Million people compare to Nigeria GDP $440.78 billion from a nation of 219 million people. |
Re: Countries By GDP: 30 Largest Economies In The World by Simeonjoe1: 7:17pm On Dec 24, 2022 |
castro2468: Rest.. What of Nigeria? Poorest country the worst gdp per capital in the list. We should be competing with the likes of Brazil. |
Re: Countries By GDP: 30 Largest Economies In The World by Simeonjoe1: 7:18pm On Dec 24, 2022 |
castro2468: Baba no dey include Nigeria for anything. Imagine small state for US big pass Nigeria for everything. Chai this life no balance |
Re: Countries By GDP: 30 Largest Economies In The World by panafrican(m): 7:35pm On Dec 24, 2022 |
castro2468:Agreed. Let's be lenient on Nigeria because this country is trying his best. It is not easy . Let's praise what has been done and educate the upcoming government(s ) to do better. See for instance the DRC ( former Zaire ) under Mobutu. Why over 30 -years that man was not able to build roads, high speed trains, high tech universities, etc? This is where Nigeria and other few African countries kick in. Nigeria could have removed presidential term limits on the ground that the country is so big, a president would need unlimited terms . Fortunately today a Nigerian president cannot spend more than 8 years in power no matter how good he is. This is a good first step. and It is called NATION BUILDING. Those small Europeans countries with high GDP have wealth that was built over centuries, moreover, they went through turmoils over turmoils , before strengthening the notion ( o r the concept) of country and government . They have experience managing state affairs long before we Africans got those post colonial states full of demons ( the demons are radical Islam, tribalism, regionalism, dictatorship, corruption, neo colonialism etc.) Within the next 10 years Nigeria can beat South Korea, who knows? 1 Like |
Re: Countries By GDP: 30 Largest Economies In The World by RestructureNig5: 7:41pm On Dec 24, 2022 |
panafrican: Nigeria will soon be restructured and everyone will answer their papa name, keep having fantasies in your mind on how Jihadist will take over |
Re: Countries By GDP: 30 Largest Economies In The World by Kingsnairaland(m): 10:04pm On Dec 24, 2022 |
castro2468:the number of homeless people in USA is one thousand times that of Russia. 1 Like 1 Share |
Re: Countries By GDP: 30 Largest Economies In The World by Kingsnairaland(m): 10:05pm On Dec 24, 2022 |
castro2468:USA has over 800 military base around the world it cost to maintain it while all Russia has to do is develop hypersonic missile which USA finds it hard to do with all the so called billions in GDP lol. 2 Likes 2 Shares |
Re: Countries By GDP: 30 Largest Economies In The World by haaryobhami: 12:45am On Dec 25, 2022 |
jimetagambo:you Dy mind the clown ?they call people western slave but they are the actual slaves to Russia |
Re: Countries By GDP: 30 Largest Economies In The World by panafrican(m): 2:20am On Dec 25, 2022 |
Kingsnairaland: True. Even the costly Aircraft carriers are too vulnerable to long range ballistic missiles. 2 Likes 2 Shares
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Re: Countries By GDP: 30 Largest Economies In The World by panafrican(m): 2:23am On Dec 25, 2022 |
RestructureNig5:And drunkards like you will also have to answer along with their Guru Jona-Beer to explain why they were always partying ! ![]() ![]()
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Re: Countries By GDP: 30 Largest Economies In The World by Kelvin3476: 6:09am On Dec 25, 2022 |
castro2468:U killd him with this reply |
Re: Countries By GDP: 30 Largest Economies In The World by Kelvin3476: 6:17am On Dec 25, 2022 |
Kingsnairaland:ARE U TALKING ABOUT SLOWPOKES LIKE OUR PUTARDS HERE ? MINUS ST PETERSBURG AND MOSCOW, OTHER CITIES ARE POOR. AVERAGE RUSSIANS ARE 10,000 TIMES POORER THAN AVERAGE AMERICANS 3 Likes |
Re: Countries By GDP: 30 Largest Economies In The World by Nobody: 7:45am On Dec 25, 2022 |
Kingsnairaland: 90% of the homeless people in American are illegal migrants US is so Bleep*ng awesome people want to go there any means even if it means crossing the border illegally. 1 Like |
Re: Countries By GDP: 30 Largest Economies In The World by Nobody: 7:51am On Dec 25, 2022 |
Kingsnairaland: Are you a retard or what?, All US ICBM is hypersonic The US is literally the first country to develop hypersonic missile in 1949. 1 Like |
Re: Countries By GDP: 30 Largest Economies In The World by Nobody: 7:54am On Dec 25, 2022 |
Kelvin3476: FACTS always look like you trolling Russia according to putards. 1 Like |
Re: Countries By GDP: 30 Largest Economies In The World by Kingsnairaland(m): 11:20am On Dec 25, 2022 |
castro2468: https://www.sandboxx.us/blog/the-groundbreaking-hypersonic-missiles-america-has-in-the-works/ USA has no hypersonic nuke they are still testing conventional hypersonic weapons .. I won't reply you again since you can't make conversion without abuse.
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Re: Countries By GDP: 30 Largest Economies In The World by obedience4(m): 1:13pm On Dec 25, 2022 |
panafrican: First of all, you have to understand how an aircraft carrier works especially the nuclear powdered USA carriers, They have nuclear reactors that means they are always on the move, and they move fast, it will take an hell of a job to not only pinpoint the location of an aircraft carrier, then be able to track them, then for them to be hit, now an aircraft carrier doesn't move a lone it moves with a Carrier Battle group, the USA carriers are supported with it agies powered ships called destroyers, which act as a missile defensive shield for the carriers. China is building three carrier's on spin one undergoing trials so is the USA navy with the ford class carriers with the Gerald ford carrier doing weapons trials We both are not well knowledge than war planner's in the Pentagon or in the Chinese war room, if they are putting billions of dollars in carrier development then they have their reasons |
Re: Countries By GDP: 30 Largest Economies In The World by Nobody: 1:36pm On Dec 25, 2022 |
Kingsnairaland: Do you even read the article? Define hypersonic genius. |
Re: Countries By GDP: 30 Largest Economies In The World by Nobody: 1:45pm On Dec 25, 2022 |
Kingsnairaland: Hypersonic weapons are weapons travelling at hypersonic speed – at between 5 and 25 times the speed of sound, about 1 to 5 miles per second (1.6 to 8.0 km/s) Source: Wikipedia The US ICBM LGM-30 minutemen can travel at Mach 23(23 times the speed of sound) Please tell me again that the US don't have hypersonic missile. |
Re: Countries By GDP: 30 Largest Economies In The World by panafrican(m): 2:10pm On Dec 25, 2022 |
" GDP minus debt " , How would you call that amount in economy? Maybe " the Real wealth health indicator ." ( how healthy is the wealth of a country ) ![]() Other info https://worldpopulationreview.com/country-rankings/countries-by-national-debt
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