The richest countries in the world (list). GDP by country

2024 Author: Henry Conors | [email protected]. Last modified: 2024-02-12 02:40

Money theme will be of interest to a fairly large number of people, because so many people love to count money in other people's pockets. And this will help us with a list of GDP by country, compiled by various organizations, which indicates which country has how much money.

How are the richest countries determined?

The list of the richest countries is determined by three structures: the United Nations, the International Monetary Fund and the World Bank. Each of them uses its own peculiarities of calculating the quantity and value produced by a particular country, so the data may vary slightly, as well as the list of GDP by country compiled by them.

List of richest countries

Since the information is based on two structures, only the top 10 richest states will be considered. This list of countries by GDP is nominal, i.e. shows everything in a certain number of papers. But we alth can be definedother options.

IMF data for 2014:

1. USA. GDP is $17419 billion.
2. The People's Republic of China. GDP is 10380 billion.
3. Japan. GDP is 4616 billion.
4. Germany. GDP is 3860 billion.
5. UK. GDP is 2945 billion.
6. France. GDP is 2847 billion.
7. Brazil. GDP is 2353 billion.
8. Italy. GDP is 2148 billion.
9. India. GDP is 2050 billion.
10. Russia. GDP is 1857 billion.

The list of GDP by country from the World Bank almost echoes the data of the International Monetary Fund:

1. USA. Gross domestic product is US$17419 billion.
2. PRC. Gross domestic product is 10360 billion.
3. Japan. Gross domestic product is 4601 billion.
4. Germany. Gross domestic product is 3853 billion.
5. UK. GDP is 2942 billion.
6. France. Gross domestic product is 2829 billion.
7. Brazil. Gross domestic product is 2346 billion.
8. Italy. Gross domestic product is 2144 billion.
9. India. Gross domestic product is 2067 billion.
10. Russia. Gross domestic product is 1861 billion.

Gross domestic product per capita

The above datadisplay the richest countries in general. But if you count per inhabitant? Will such a list continue? Unfortunately no. Quantity does not always mean quality. And the gross domestic product per inhabitant is an excellent proof of these words. The comparison will again be for 2014. It should be noted that in order to establish the richest countries in the world by GDP, their number will be reduced to 5 representatives from one organization in order to indicate that they are distinguished by real we alth, and not nominal. Well, let's get started.

List of countries by GDP per capita from the IMF:

1. Luxembourg. 110573 dollars of gross domestic product falls per inhabitant.
2. Qatar. 104655 dollars of gross domestic product falls per inhabitant.
3. Norway. 101,271 dollars of gross domestic product falls per inhabitant.
4. Switzerland. 80276 dollars of gross domestic product falls per inhabitant.
5. Australia. 64,157 dollars of gross domestic product falls per inhabitant.

In this case, the list of countries by GDP per capita from the World Bank echoes the United Nations in terms of the composition of the richest countries:

1. Monaco. 163,026 dollars of gross domestic product falls per inhabitant.
2. Liechtenstein. 134,677 dollars of gross domestic product falls per inhabitant.
3. Luxembourg. 111,662 dollars of gross domestic product falls per inhabitant.
4. Norway. 100819 dollars of gross domestic product falls per inhabitant.
5. Qatar. 93352 dollars of gross domestic product falls per inhabitant.

Purchasing power parity

The above data is a good indication of the state of affairs in the countries, but there are certain errors. So, in country A, a good can cost $5, but in country B it costs $0.5. If you calculate the total GDP, then country B will have half that. But does this mean that she is poorer? No, by simple mathematical calculations, it can be established that it will be 5 times richer than country A. Here is the parity of purchasing opportunities and establishes something close to the real state of affairs. All data are current as of 2014. The first list of countries by GDP from the IMF:

1. The People's Republic of China. The value of the gross domestic product is 17617 billion (at parity).
2. USA. The value of the gross domestic product is 17419 billion (at parity).
3. India. The value of the gross domestic product is 7376 billion (at parity).
4. Japan. The value of the gross domestic product is 4751 billion (at parity).
5. Germany. The value of the gross domestic product is 3722 billion (at parity).

The list of GDP by country from the World Bank has differences not only in numbers, but also in composition:

1. PRC. The value of the gross domestic product is 18031 billion (at parity).
2. United States of America. Gross domesticproduct - 17419 billion (at parity).
3. India. The value of the gross domestic product is 7393 billion (at parity).
4. Japan. The value of the gross domestic product is 4631 billion (at parity).
5. Russia. The value of the gross domestic product is 3745 billion (at parity).

Features of calculating GDP

It is impossible not to notice a significant discrepancy in the data. This is due to various calculation methods, the difference in exchange rates and a number of related features. Nevertheless, it is possible to draw a conclusion about which countries are the most comfortable and the richest, even taking into account all the features.

How GDP is calculated

The indicator is calculated either by the state based on information received from entrepreneurs and control checks, or by private/intergovernmental organizations. In the calculation, which is maintained by the state, there is a certain probability of rigging the results in order to obtain preferences from international investors. And organizations cannot provide reliable results because they do not have sufficient access to the necessary information.