The Gross Domestic Product (GDP) is the total value of all goods and services produced by a country during a specific period of time. GDP is an important parameter that can be used to compare the economies of the countries in the World. However, the nominal GDP cannot reflect the actual purchasing power of a country as the cost of living and inflation rates are different in different countries. Hence Gross Domestic Product Purchasing Power Parity (GDP-PPP) is used. GDP PPP per capita, i.e., Total GDP divided by the total population of a country will give a measure to compare the Standards of Living.
According to the data from International Monetary Fund (IMF), the 10 largest economies in the World by nominal GDP in 2022 are the United States ($24.35 trillion), China ($19.91 trillion), Japan ($4.91 trillion), Germany ($4.26 trillion), India ($3.53 trillion), United Kingdom ($3.38 trillion), France ($2.94 trillion), Canada ($2.22 trillion), Italy ($2.06 trillion), and Brazil ($1.83 trillion).
According to the data from International Monetary Fund (IMF), the 10 largest economies in the World by GDP Purchasing Power Parity in 2022 are China ($30.18 trillion), the United States ($24.35 trillion), India ($11.75 trillion), Japan ($6.11 trillion), Germany ($5.27 trillion), Russia ($4.37 trillion), Indonesia ($3.99 trillion), United Kingdom ($3.75 trillion), Brazil ($3.68 trillion) and France ($3.68 trillion).
Source: World Economic Outlook Database, April 2022. IMF.
For more content and updates, do follow us on Social Media.
- Are You an AI Expert? Take Our Quiz and Find Out Now!Test your AI knowledge with our Ultimate AI Quiz! Whether you’re a student or a professional, take the quiz and learn about this fascinating field!
- THERMODYNAMICSIt is the branch of physics that deals with the concepts of heat and temperature and the inter conversion of heat and other forms of energy.
- THERMAL PROPERTIES OF MATTERTemperature is a relative measure or indication of the hotness or coldness of a body. The temperature of a body determines the direction of the flow of energy. The SI unit of temperature is kelvin (K). °C is a commonly used unit of temperature.
- MECHANICAL PROPERTIES OF FLUIDS – PART 2The viscous drag increases with increases velocity of the body, but it is found that the body after attaining certain velocity starts moving with a constant velocity called terminal velocity.
- MECHANICAL PROPERTIES OF FLUIDS – PART 1The materials that can flow are called fluids. Liquids and gases are collectively known as fluids. Unlike a solid, a fluid has no definite shape of its own.
Share this article