While GDP is a more widely followed measure of a country’s economic activity, it is still worthwhile to look at GNP because differences between GDP and GNP can indicate a country’s engagement in international trade and financial operations. Additionally, GNP makes it difficult to compare the economies of different countries. So the total wealth of Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. Find Out, Online tool for visualization and analysis.   Income from overseas investments by a country… Data are in millions of international dollars; they were compiled by the World Bank. about $54 trillion for the wealth of all households of the world). If no data is available for a country from the IMF, then data from the United Nations is used. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. GNP is a good indicator of the economic well-being of a country but does not offer as much insight into its economic health as GDP does. World Bank national accounts data, and OECD National Accounts data files. This article includes a list of countries by their forecasted estimated gross domestic product based on purchasing power parity, abbreviated GDP (PPP). The ten countries with the highest GNPs are: United States - $20.64 trillion; China - $13.18 trillion about $18 trillion for the 100 million USA households, which means This site uses cookies to optimize functionality and give you the best possible experience. [6], The United States is the world's largest economy with a GDP of approximately $20.513 trillion, notably due to high average incomes, a large population,[7] capital investment, low unemployment,[8] high consumer spending,[9] a relatively young population,[10] and technological innovation. Japan Nominal GDP: $5.15 trillion- Japan GDP (PPP): $5.75 trillion. GDP by Country GDP Per Capita by Country Manufacturing by Country Debt to GDP Ratio by Country. The second table includes data, mostly for the year 2018, for 180 of the 193 current United Nations member states as well as Hong Kong and Macau (the two Chinese Special Administrative Regions). GNP measures the output of a country's residents regardless of the location of the actual underlying economic activity. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007. PPP Versus the Market: Which Weight Matters? person would be worth $11,000. 5000 minus 30% of 5000 minus 30% of this number minus... GNP measures the output of a country's residents regardless of the location of the actual underlying economic activity. [4] PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. As businesses become more global, international networks become more complex and it becomes more difficult to compare one country’s economy to another’s. [3] Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. … PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, does not take into account the differences of quality of goods and services among countries, and it also requires more estimation than nominal GDP.

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