Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
there is no ranking of nominal value in 2011?
http://databank.worldbank.org/databank/download/GDP_PPP.pdf
Gross domestic product 2011, PPP
Ranking Economy (millions of international dollars)
3 India 4,533,919
26 Pakistan 488,420
first you have to understand the concepts of GDP in PPP and GDP in nominal```
PPP is useless when comparing its GDP with other countries, because international purchasing is done with dollars..
but PPP is useful when measuring domestic purchasing, for example the Big Mac costs much less in Indian than the U.S
for developing countries PPP tend to be significently bigger than GDP nominal, otherwise for most developed countries
Here a link for year 2011 GDP by nominal:
List of countries by GDP (nominal) - Wikipedia, the free encyclopedia
Nominal GDP 2011 (Billion USD)
(01) United States 15,076
(02) China 7,298
(03) Japan 5,867
(04) Germany 3,607
(05) France 2,778
(06) Brazil 2,493
(07) United Kingdom 2,431
(08) Italy 2,199
(09) Russia 1,850
(10) India 1,827
(11) Canada 1,739
(12) Australia 1,487
(13) Spain 1,480
(14) Mexico 1,154
(15) South Korea 1,116
(16) Indonesia 846
(17) Netherlands 838
(18) Turkey 774
(19) Switzerland 661
(20) Saudi Arabia 597
what would happen if india didn't buy weapons from russia last year?
would it be:India 1.858 Trillion, Russia 1.848 Trillion?
The Big Mac in India may cost less than in the US but the Big Mac in the US is much more bigger, tasty and with supplements compared to that of India. So in overall its the same price. Big Mac is not a good example here.
The Big Mac in India may cost less than in the US but the Big Mac in the US is much more bigger, tasty and with supplements compared to that of India. So in overall its the same price. Big Mac is not a good example here.