IMF WEO Database (April 2017): China and US grow most

[Mista]

I told you I wasn't interested in discussing fictitious PPP that has NO BEARING on national economic strength, defense budgets, or defense procurement.

It does. It's possible for a nation to produce more economic goods while her nominal economy drops. Say Russia, her nominal GDP has dropped significantly but the amount of goods produced remains more or less the same. Defence budget may look like it decreased in USD terms, but it's measured in Rubles so the defence budget actually remained fairly stable. Their military equipment are largely domestically produced so it's more important to measure in Rubles. Foreign defence procurement will be more expensive though in terms of Rubles.

I made it very clear that I want to discuss REAL economic growth and its implications for REAL defense budgets and future REAL defense weapon purchases.

What are you talking about? In academic terms, REAL economic growth refers to PPP growth. You are contradicting yourself.

 

[Shajida Khan]

What are you talking about? In academic terms, REAL economic growth refers to PPP growth. You are contradicting yourself.

Fun part, There is 'Nominal GDP in USD' and 'GDP in constant currency'. Former may increase due to pure inflation or price rise, the later takes that into consideration and deflates the GDP number. Among the economic circle, 'GDP in constant currency' is usually called 'Real GDP' and its growth is called 'Real GDP' growth.

 

[kingfeiq]

Really?

I don't think you know about it, but we in India accept only Indian rupees when we buy/sell something. What other people do outside the country doesn't matter.

If Boeing ever makes planes in India, we will buy them with rupees as well.

Do you think international trade is as simple as buying a plane toy?

 

[randomradio]

Do you think international trade is as simple as buying a plane toy?

It's a good thing we aren't talking about international trade.