Japan's ranking as 3rd biggest economy at risk, Germany about to overtake

[beijingwalker]

Japan's ranking as 3rd biggest economy at risk, Germany about to overtake​

 

[Baburfromsarmarkand]

Germany is even worse off than Japan, I think It willl soon be US, China, India, Japan, Germany etc

 

[MH.Yang]

Germany will surpass Japan. After 2035, India will rank third.

 

[beijingwalker]

Germany will surpass Japan. After 2035, India will rank third.

Whoever becomes the third, it'll be a very very distant third.

 

[pikkuboss]

Germany will surpass Japan. After 2035, India will rank third.

As per IMF, India will be in 3rd position by 2027 but looking at the economic conditions of both Japan and Germany, it will be sooner than IMF projection.

 

[MH.Yang]

As per IMF, India will be in 3rd position by 2027 but looking at the economic conditions of both Japan and Germany, it will be sooner than IMF projection.

In 2021, Germany's GDP reached $4.26 trillion and India's GDP reached $3.18 trillion.

Even if Germany's annual growth rate is only 1%, India still needs to maintain a growth rate of over 7.2% within six years to surpass Germany by 2027.

I don't think Indians can do it.

 

[pikkuboss]

In 2021, Germany's GDP reached $4.26 trillion and India's GDP reached $3.18 trillion.

Even if Germany's annual growth rate is only 1%, India still needs to maintain a growth rate of over 7.2% within six years to surpass Germany by 2027.

I don't think Indians can do it.

In 2023, Germany GDP is projected to be $4.3 Trillion and India's GDP will be $3.75 trillion. You see Germany's GDP didn't move while India added more than $500 billion to its nominal GDP.

Nominal GDP growth and Real GDP growth are two different things. In 2021, India's nominal GDP growth was 18.4% and in 2022, India's nominal GDP growth was 15.9% in rupee term.


Nominal GDP growth = Real GDP growth + Inflation component - Currency devaluation

 

[MH.Yang]

In 2023, Germany GDP is projected to be $4.3 Trillion and India's GDP will be $3.75 trillion. You see Germany's GDP didn't move while India added more than $500 billion to its nominal GDP.

Nominal GDP growth and Real GDP growth are two different things. In 2021, India's nominal GDP growth was 18.4% and in 2022, India's nominal GDP growth was 15.9% in rupee term.


Nominal GDP growth = Real GDP growth + Inflation component - Currency devaluation

It's only May now, do you know the GDP for 2023? Worthy of being an Indian.

Sorry, our Chinese work style is different from that of India. We will not agree with the 2023 GDP data you provided.

 

[waz]

Japan's ranking as 3rd biggest economy at risk, Germany about to overtake​

View attachment 931851

Germany is in recession which is now spreading to other EU states;

Germany’s slipped into recession and everyone should be worried

The country is the eurozone’s biggest ― but now risks pushing everyone else down.

www.politico.eu

 

[pikkuboss]

It's only May now, do you know the GDP for 2023? Worthy of being an Indian.

Sorry, our Chinese work style is different from that of India. We will not agree with the 2023 GDP data you provided.

It's not my projection. It's IMF projection. If you don't believe IMF projection then we can use 2022 numbers, result will be same.

In 2022, India's GDP was $3.46 Trillion and Germany GDP was $4.07 Trillion. As you see, Germany GDP shunk by $200 billion from your 2021 numbers, while India's GDP rose by $300 billion, making a $500 billion difference within a year. Now happy?

 

[CallSignMaverick]

In 2021, Germany's GDP reached $4.26 trillion and India's GDP reached $3.18 trillion.

Even if Germany's annual growth rate is only 1%, India still needs to maintain a growth rate of over 7.2% within six years to surpass Germany by 2027.

I don't think Indians can do it.

Nominal GDP doesn't work like that, Germany's GDP in 2021
Let me give you context

Germany's GDP was $3.89 trillion in 2019, India was at $2.83 trillion in 2019.
Germany's GDP was $4.07 trillion in 2022, India was at $3.4 trillion in 2022.

And right now Germany is under recession. India is expected to touch $3.73 trillion in 2023.

Japan's currency is depreciating which will also make us closer to them, within 2 years India will overtake Japan and in 3 years Germany even under a pessimistic scenario.

 

[Muji.Iqbal]

This is because of Japan's declining population

 

[beijingwalker]

Germany's struggle is for short term, mainly due to the Ukraine war, its economic structure is still holding up ok, but Japan's been in decline for at least 30 years, its a one way trip of no return. and I don't think India can make the third for at least the next decade.

 

[KAL-EL]

All hail japan!

 

[Skull and Bones]

In 2021, Germany's GDP reached $4.26 trillion and India's GDP reached $3.18 trillion.

Even if Germany's annual growth rate is only 1%, India still needs to maintain a growth rate of over 7.2% within six years to surpass Germany by 2027.

I don't think Indians can do it.

GDP growth is cumulative of economic growth and inflation.