In an analysis this past January, John Hawksworth, an economist at PricewaterhouseCoopers, projected that China will surpass the US by 2020 and “is likely to be some way ahead of the US by 2030.”
Emerging economies are smaller than the developed countries - but they are growing faster and opening up, leading to greater investment opportunities than ever before.
Gross Domestic Product (GDP) or gross domestic income (GDI) is a measure of a country's overall official economic output. It is the market value of all final goods and services officially made within the borders of a country in a year. It is often positively correlated with the standard of living.
Purchasing Power Parity (PPP) is a theory of long-term equilibrium exchange rates based on relative price levels of two countries.
nominal GDP attempts to compare countries using current exchange rates to give an assessment of their clout within the global market.
Purchasing Power Parity or PPP GDP, on the other hand, tries to take into account that one dollar can buy more in some countries and less in others. It is a better gauge of the internal size of each market.
1.) United States approximate GDP-PPP- $13.86 Trillion
2.) China approximate GDP-PPP- $7.04 Trillion
3.) Japan approximate GDP-PPP- $4.30 Trillion
4.) India approximate GDP-PPP- $2.96 Trillion
5.) Germany approximate GDP-PPP- $2.83 Trillion
6.) United Kingdom approximate GDP-PPP- $2.14 Trillion
7.) Russia approximate GDP-PPP- $2.07 Trillion
8.) France approximate GDP-PPP- $2.06 Trillion
9.) Brazil approximate GDP-PPP- $1.83 Trillion
10.) Italy approximate GDP-PPP- $1.80 Trillion
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