Date: June 18th, 2018 10:59 AM
Author: lavender mexican
GDP by PPP is considered the most accurate size of economic output:
1 CHINA $23,120,000,000,000
2 EUROPEAN UNION $19,970,000,000,000
3 UNITED STATES $19,360,000,000,000
4 INDIA $9,447,000,000,000
5 JAPAN $5,405,000,000,000
6 GERMANY $4,150,000,000,000
7 RUSSIA $4,000,000,000,000
8 INDONESIA $3,243,000,000,000
9 BRAZIL $3,219,000,000,000
10 UNITED KINGDOM $2,880,000,000,000
Indonesia rising into the top 10 surprised me - did not realize they had a 3.2 trillion dollar economy, even larger than Brazil. Additionally, I did not realize Russia was up to 4 trillion in output or that India was over 9 trillion now.
If the UK was back in the EU, it would be about the same size as China economically. If the US, Mexican and Canadian economies were combined, likewise it would be approximately the same as China.
Question: Although there is a lot of Euro skepticism at the moment and a wave of populism spreading across Europe and the US, is it not in our interest to have a united Europe that can move as one force economically to counter balance China? The US & EU combined are the main counterweights against Chinese pre-eminence in the 21st Century. Additionally, India is going to be a major player as well.
(http://www.autoadmit.com/thread.php?thread_id=4004598&forum_id=2#36264752)