Y seguramente más, en dos meses el FMI ha revisado 2 veces al alza el crecimiento de España y teniendo en cuenta que en Mayo se crearon más de 200.000 puestos de trabajo, parece la inercia está aumentando, es un dato de un crecimiento vigoroso, igual y si sigue así termina más cerca del 3% que del 2,4%.
Standard of living is correlated with GDP. You might not like that but it is a fact. The higher the GDP, the richer the people, the higher the standard of living and quality of life
@@tylerclayton6081 No it doesn't! Look at the ICC index and take Ireland as an example, it ranks 29th in quality of life for 2024 due to numerous social problems, yet it's GDP per capita ranks 2nd in the world. Obviously you can have a high average of GPP per capita, but if minority sectors of the population have an extremely high material standard of living and the vast majority don't, then the average quality of life is lower. Also quality of life includes, welfare, paid vacation time, crime rates, health care and many other factors not just money in your bank account.
Nominal GDP is how economic strength and size relative to other economies is measured. No economist or organization finds PPP a more reliable measure of an economy than real GDP or nominal GDP. People jealous of the US and western countries think PPP is better because that’s what they want to believe even though no one officially uses PPP as a measure of a country’s economic size or economic strength. The IMF and World Bank rank economies based on Nominal GDP PPP is completely irrelevant when comparing economies of different countries. There’s a reason no economist considers China to have the largest economy or India to have the third largest economy despite those countries ranking 1st and 3rd in PPP. No economist or organization is going to say that India has a larger economy than Germany or Japan. Or that China has a larger economy than the US PPP Per Capita is a valid way to compare per capita income relative to cost of living between different countries. But GDP PPP is more of an individual indicator. It’s not a metric that can be used to compare the economies of different countries amongst one another
on the other hand for the EU purposes GDP PPP makes countries eligible for cohesion and regional funds. Unlike nominal GDP, PPP has serious implication on anyone's life
_Comparing the economies of countries based on GDP is like trying to compare the milk yields of cows based on the swarm of mosquitoes around them._ *GDP is calculated by different sectors:* primary (mining, farming), secondary (manufacturing, building), tertiary (services, tourism, education). At the end of 2022, the US GDP was $25T, including the primary sector - 1%, the secondary sector - 19% and the tertiary sector - 80%. China's GDP was $18T, with primary - 7%, secondary - 40% and tertiary - 53%. Japan's GDP was 4.2T, primary - 5%, secondary - 20% and tertiary - 75%. Russia's GDP was $2.2T primary - 20%, secondary - 70% and tertiary - 10%. In total, in Russia, primary and secondary account for 90%, in China - 47% and in the US and Japan - 20-25%. The ratio of extractive vs manufacturing is much worse in USA than in Russia. America's economy is heavily dependent on services (80%), which is why it's called the "Zombie Economy". *How can Russia possibly lose a Global war against the West in this scenario?*
The US economy is heavily dependent on financial markets, with 75% of its income coming from them. The daily turnover of the US dollar is around $11 trillion, which adds up to about $3.600 trillion per year. Of this, around $27 trillion is attributed to financial services and loans. This contributes around $16-17 trillion to the US GDP, while industrial production accounts for $3.5 trillion - of which around $3 trillion comes from equipment supplied by countries like China, India, Russia, Singapore and Japan. Instead of having their own industry, the US relies on other countries to supply them with finished products. For example, Russia has a real production of $1.2 trillion - more than the US, which only has $0.5 trillion in real production. The current crisis is going to last around 5-7 years, and during that time, the power balance in the global economy is going to seriously shift. For example, China, with a GDP of around $16 trillion and domestic subsidies that are 25% of its gross domestic product, is going to "drop" by about half. We calculate this by doubling the percentage of domestic subsidies compared to GDP. The US, with a "fake" GDP of $21-22 trillion and an actual GDP of $15 trillion, is also going to "fall" to around $7-7.5 trillion. Western Europe is predicted to have the same level if the EU doesn't break up (in which case, the drop will be even more than 50%). Russia, with an official GDP of $1.7 trillion and PPP (purchasing power parity) of $3.5 trillion, could get rid of IMF instructions and start domestic investment projects. By bringing the economy's monetization up to the global average and investing rationally in development, Russia has every chance of getting out of the crisis with an GDP of $8-8.5 trillion, which is more than the US, China, and the EU. To compare, in 2023, China's monetization is 212%, France's is 130%, Germany's is 100%, the US's is about 85%. Russia's is only 54%. Brazil's is 50% and India's is just 26%
So... The Chinese trade surplus in 2022 was *$877.6* billion. Russia's trade surplus was *$332.3* billion in 2022. Germany had a trade surplus of *$79* billion for 2022. The US had a trade deficit of *$1.18* trillion in 2022 (the US consumed more than $1 trillion worth of goods than it produced). Britain's trade deficit was *$290.4* billion in 2022.
Standard of living of some place is showed by the GDP PPP, then also by the PPP value of the average salary and also by the wealth per adult citizen for any place, both median and mean, but especially median wealth per adult citizen. And few other things are important too, like GINI, HDI, etc. The list looks much different when you take into account all those things.
Nominal GDP is how economic strength and size relative to other economies is measured. No economist or organization finds PPP a more reliable measure of an economy than real GDP or nominal GDP. People jealous of the US and western countries think PPP is better because that’s what they want to believe even though no one officially uses PPP as a measure of a country’s economic size or economic strength. The IMF and World Bank rank economies based on Nominal GDP PPP is completely irrelevant when comparing economies of different countries. There’s a reason no economist considers China to have the largest economy or India to have the third largest economy despite those countries ranking 1st and 3rd in PPP. No economist or organization is going to say that India has a larger economy than Germany or Japan. Or that China has a larger economy than the US PPP Per Capita is a valid way to compare per capita income relative to cost of living between different countries. But GDP PPP is more of an individual indicator. It’s not a metric that can be used to compare the economies of different countries amongst one another
@@tylerclayton6081 Absolute nonsense. PPP is equally relevant data to nominal GDP for MANY years now andnin FACT is respected MORE than nominal GDP. GDP PPP presents the real situation. Nominal GDP is often misleading cause of the several factors related to currency, etc. Also some country could be more industrialised and have higher nominal GDP per capita, while other tourism country with smaller nominal GDP per capita could have waaaay higher WEALTH per adult citizen. So if you want to see REAL standard of living in a country you look at the things from my original comment. Certainly not at nominal GDP per capita. Look at Ireland. It's nominal GDP per capita is INCREDIBLY high. Yet when you look at their median wealth per adult citizen they are faaaaar away from being among the richest countries of the world. Same goes for the USA when you look at their MEDIAN wealth per adult citizen. They are barely ahead of Slovenia by the median wealth per adult citizen and were only 26th in the world by that parametre in 2023. While Italy, Spain, France, UK, Netherlands, Belgium, Sweden, Denmark, Norway, Switzerland, etc. were all waaaaaaaaay ahead of the USA on that list. 60% of USA citizens don't even have 1000 dollars in the bank. I read that on the site of "US Today". Now THAT'S the REAL life and not a Hollywood.
The Irish figures are correct. It has many shell companies there due to its low corporate tax system, but the Irish don't get the full benefit from the system.
@@АннаМунько Нисам све разумео најбоље. Албанци су на Косову и Ђетохији извршили етничко чишћење Срба пре 1990. године. А а Црногорци као народ не постоје. То су Срби који живе у Црној Гори као држави. Дакле, постоји један народ у две државе и то је тако било до појаве комунизма у Југославији.
Nominal GDP means nothing, *PPP* Purchasing Power Parity is the true indicator of wealth & overall well-being in a country, it accounts for price differences across countries, allowing economists to compare standards of living between countries. IMF 2024 GDP per capita *PPP* Denmark *77,640* Netherlands *74,160* Austria *69,460* Belgium *68,080* Germany *67,240* France *60,340* U.K *58,880*
*GDP is calculated by different sectors:* primary (mining, farming), secondary (manufacturing, building), tertiary (services, tourism, education). At the end of 2022, the US GDP was $25 trillion, including the primary sector - 1%, the secondary sector - 19% and the tertiary sector - 80%. China's GDP was $18T, with primary - 7%, secondary - 40% and tertiary - 53%. Japan's GDP was 4.2T, primary - 5%, secondary - 20% and tertiary - 75%. Russia's GDP was $2.2T with primary - 20%, secondary - 70% and tertiary - 10%. In total, in Russia, primary and secondary account for 90%, in China - 47% and in the US and Japan - 20-25%. The ratio of extractive vs manufacturing is much worse in USA than in Russia. America's economy is heavily dependent on services, which is why it's called the "Zombie Economy". *How can Russia possibly lose a global war against the West if their economy is so different?*
The US economy is heavily dependent on financial markets, with 75% of its income coming from them. The daily turnover of the US dollar is around $11 trillion, which adds up to about $3.600 trillion per year. Of this, around $27 trillion is attributed to financial services and loans. This contributes around $16-17 trillion to the US GDP, while industrial production accounts for $3.5 trillion - of which around $3 trillion comes from equipment supplied by countries like China, India, Russia, Singapore and Japan. Instead of having their own industry, the US relies on other countries to supply them with finished products. For example, Russia has a real production of $1.2 trillion - more than the US, which only has $0.5 trillion in real production. The current crisis is going to last around 5-7 years, and during that time, the power balance in the global economy is going to seriously shift. For example, China, with a GDP of around $16 trillion and domestic subsidies that are 25% of its gross domestic product, is going to "drop" by about half. We calculate this by doubling the percentage of domestic subsidies compared to GDP. The US, with a "fake" GDP of $21-22 trillion and an actual GDP of $15 trillion, is also going to "fall" to around $7-7.5 trillion. Western Europe is predicted to have the same level if the EU doesn't break up (in which case, the drop will be even more than 50%). Russia, with an official GDP of $1.7 trillion and PPP (purchasing power parity) of $3.5 trillion, could get rid of IMF instructions and start domestic investment projects. By bringing the economy's monetization up to the global average and investing rationally in development, Russia has every chance of getting out of the crisis with an GDP of $8-8.5 trillion, which is more than the US, China, and the EU. To compare, in 2023, China's monetization is 212%, France's is 130%, Germany's is 100%, the US's is about 85%. Russia's is only 54%. Brazil's is 50% and India's is just 26%.
In the summer of '22, Russia started shifting its economy into a war footing, and then in the fall they started doing partial military conscription. They're doing about 300k people a year, which is a lot. It's like, from the Baltic to the Black Sea, it's 2k kilometers, so that's a front of 3k kilometers, and that's where 3 million soldiers come in. Russia's mobilization capacity is 2% of its population, which is 150 million people, so that would be 3 million soldiers, which equals the size of the European front. Two years ago, Russia started building a big front in Ukraine, with a Russian army of 150k soldiers and cossacks and all that stuff. They had 1k tanks, 2.5k infantry fighting vehicles, armored personnel carriers, and 5k trucks, and 1.5k guns. Now, in two years, they've built up their groupings to over 600k .To take over Ukraine, Russia needs 1 million troops. Poland and the Baltics, another 1 million. Germany, another million. That's 3 million troops, or 2% of Russia's population. In the summer of '22, Russia restarted the Soviet-era military industry. It's now at full capacity. Soon, Russia will start another military draft, for another 300k soldiers. If NATO troops cross into Ukraine, Russia could launch missiles at their bases, warehouses, and airports in eastern Europe. Or it could strike NATO HQ in Brussels with hypersonic missiles, to send a message to those NATO generals. And, as a side note, Russia has started to dismantle NATO structures in Europe. Real Russia/Provincial Russia, Small city, European part, Mobilization 2022 */watch?v=J1Wj3kHnD38* Real Russia/Provincial Russia, Small city, Asian part, Mobilization 2022 */watch?v=dEpRFhp4tdY* With God!!! The Exploits Of Our Great Ancestors Will Lead Us Forward! */watch?v=eN2DhXbaESw* Russian HomeMade Music: Sergey Saliev - Salvation */watch?v=eCuvfWvS3wM* Russian soldiers back to Russia after WWII... PS: Before the attack, the soldiers hadn't been fed for three days because of their abdominal wounds - 100% deadly. The Dollar Empire: The Final Showdown. "A hard punch in the chest sends you crashing down, like in slow-mo. Before you pass out through a gap in the wall where a shell's exploded, you'll see one of your guys raising a Russian flag over the Capitol dome." But now, you're a taxi driver (or miner, teacher, software developer, pizza guy), watching RU-vid comments and not knowing about that. Then, you get drafted into the army, and so does your neighbor and his neighbor too, because there's no one else in world to make history...
*_These countries are going to collapse in the next 10-15 years, after World War III (top 15):_* 1. Ukraine - Central and Eastern parts will become part of Russia. 2. Poland - Silesia and Pomerania will join East Prussia. 3. Belarus and Lithuania - They'll become part of a new Polish-Lithuanian commonwealth. 4. Germany - East Germany will merge with East Prussia and Bavaria will go to Austria-Hungary. 5. Romania - Transylvania will be taken over by Austria-Hungary. 6. Britain - Scotland, Northern Ireland will become Ireland. 7. USA - Alaska will be given to Russia and Texas and California will go to Mexico. 8. China - Uyguria will become East Turkestan and Manchuria. 9. Turkey - Kurdistan and Great Armenia will break away. 10. Croatia and Slovenia will join Austria-Hungary again. 11. Transnistria and Eastern Romania will form Greater Moldova. 12. Estonia and Latvia will become part of Russia again. 13. Israel - Palestine and Judea will be separated from Israel. 14. Slovakia and North Italy will join Austria-Hungary once more. 15. Taiwan will be reunited with China. And that's just the top 15! There are a lot more countries that will change in the next few decades. Progress can't be stopped! *The expansion of Russia* 1867. So, after Russia sold Alaska to the USA, they moved the 3rd East Siberian (Alaskan) Rifle Regiment, military Cossacks, and Russian colonists from Alaska to the border with China (the Ussuri border). Then, in 1868, the Chinese rebels, known as the Red Beards, attacked and destroyed three villages of Russian colonists and two border posts. All the kids who lost their parents in these attacks started living in the barracks with the regiment, wearing their uniforms. That's World History, Russian history, and the history of that military school (unofficially, not Soviet). Now, let's talk about Ussurisk, a city in the Far Eastern Federal District with a population of 180k, mostly Russians (91%) and Koreans (3%), etc. It's near the Russian-Chinese border and the Ussuri military school, which is the 3rd East Siberian (Alaska) Rifle Regiment. It's called "Risen From the Ashes" because of those events. Ussuri military school, new recruits, first day *O7UZBWC99wQ* Ussuri military, new soldiers, taking the oath *v-kTNEgW18o* PS: *Nicholas I, Emperor of Russia:"Where the Russian flag is once raised, it should not go down there."*
Hello, all Nominees are Muchely to High by us it’s best perhaps 38000 €, but int complete poorer Europeanparts, perhaps it’s Growed very Much, Good. Lg Sven Balzer
Era realmente pobre antes de entrar a la Unión Europea, ha más que triplicado su PIB y renta desde ese entonces, un 353%, de los mayores aumentos a como empezaron todos los países del euro.
Nu compara tari care de sute de ani sug din alte state sau sunt parte integrata pe langa imperii, in calitate de stat liber, cu Romania care 600 de ani a fost stat ocupat ce a platit tribut. Chiar si asa, am depasit in ritm alert multe state ce s-au dezvoltat liber(vezi Portugalia). In ce priveste populatia, degeaba ai numar daca sunt batrani, cei activi au plecat in vest.
Gogule,gandeste-te de unde am plecat si in cat timp am ajuns aici! Apoi,imagineaza-ti unde o sa fim peste 10 ani, cand PIB-ul Romaniei va fi in jur de $7-8oo mld!
Nominal GDP is how economic strength and size relative to other economies is measured. No economist or organization finds PPP a more reliable measure of an economy than real GDP or nominal GDP. People jealous of the US and western countries think PPP is better because that’s what they want to believe even though no one officially uses PPP as a measure of a country’s economic size or economic strength. The IMF and World Bank rank economies based on Nominal GDP PPP is completely irrelevant when comparing economies of different countries. There’s a reason no economist considers China to have the largest economy or India to have the third largest economy despite those countries ranking 1st and 3rd in PPP. No economist or organization is going to say that India has a larger economy than Germany or Japan. Or that China has a larger economy than the US PPP Per Capita is a valid way to compare per capita income relative to cost of living between different countries. But GDP PPP is more of an individual indicator. It’s not a metric that can be used to compare the economies of different countries amongst one another
@tylerclayton6081 I know it is hard to loose the leadership, but you will eventually have to accept it. I know the concepts of price and value and their differences are also difficult to grasp for some of us.
It depends. If you want to compare a country's economic "weight" with another, then the nominal GDP is the right way. If you want to compare the standard of living in two countries, the PPP GDP is better (although the AIC consumption index is even better).
Wrong ranking! UK is not second anymore since 2019. The British Pound is over evaluated, with a rate higher than the Dollar and the Euro. Come on! UK is closer to Italy. You should ask professionals!
Greece is a joke……have same gdp as hungary that no have even sea 😅😅😅 fun fact (iam greek) 😂😂 imagine mongolia have same gdp as japan or south korea 😂😂😂😂…..
@@kriskat29 it means how advanced some country’s are without sea , landlocked……is suppose sea and ports gives some trade or opportunities more….but Greece is not that case even if have sea lol . Also we say about same size countries which is the case for Hungary and Greece…..
I like Romanians but not Romanian idiots, Romania and Moldova started from a similar level before Romania's accession to the EU. Currently, Romania is three times richer (GDP per capita) than Moldova. And so it is in everyone analogous case. Poland (in the EU) is 4 times richer than Ukraine (outside the EU), etc
@@thurisazx so ? both are going and allready lost a aton of population so the gdp does not matter beeing higher in romania ... the most ever ever left romania in 1 year in 2024 120k in just 1 year lmfao
@thurisazx Poland has been carrying out radical economic reforms since 1989, while Ukraine has never actually initiated comprehensive structural reforms.
![Top 30 European Economies in 2024 [GDP nominal]](/img/logo.svg){kind=logo}
