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Current top 10 World Economies by Purchasing Power Parity (in USD)
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Date: June 18th, 2018 10:59 AM Author: irradiated red step-uncle's house 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. |
Date: June 18th, 2018 11:01 AM Author: infuriating fiercely-loyal gaming laptop PPP is fraudlies designed to make poor countries feel better about themselves (http://www.autoadmit.com/thread.php?thread_id=4004598&forum_id=2#36264763) |
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Date: June 18th, 2018 11:04 AM Author: erotic death wish scourge upon the earth (Guy who thinks the UK’s economy actually shrunk 5% the day after brexit, then magically rebounded a week later) (http://www.autoadmit.com/thread.php?thread_id=4004598&forum_id=2#36264774) |
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Date: June 18th, 2018 11:11 AM Author: irradiated red step-uncle's house I've heard PPP is more accurate because official exchange rate makes it look artificially low. PPP measures the size of all economies in USD in equal measure. (http://www.autoadmit.com/thread.php?thread_id=4004598&forum_id=2#36264824) |
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Date: June 19th, 2018 11:11 AM Author: erotic death wish scourge upon the earth PPP is indisputably better. When real Econ papers re: cross country income gaps are published it’s always in PPP, it’s one of the few things not disputed by macroecon guys (http://www.autoadmit.com/thread.php?thread_id=4004598&forum_id=2#36271445) |
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Date: June 18th, 2018 11:03 AM Author: erotic death wish scourge upon the earth I think nato does the job fine, the US doesn’t necessarily need a super-integrated Europe. Do you not think so? (http://www.autoadmit.com/thread.php?thread_id=4004598&forum_id=2#36264766) |
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Date: June 18th, 2018 11:13 AM Author: irradiated red step-uncle's house I think it certainly helps to have an entity with like minded values socially, economically and morally with tremendous economic clout to counter balance what will be a rapidly growing China that is going to pull away from and become a decently larger size than the US. (http://www.autoadmit.com/thread.php?thread_id=4004598&forum_id=2#36264836) |
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Date: June 18th, 2018 11:03 AM Author: Cheese-eating lay ctrl F "israel"
sneers |
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Date: June 18th, 2018 11:17 AM Author: irradiated red step-uncle's house Israel:
-8 million pop - GDP per capita on par with Japan -size of New Jersey -315 billion dollar economy -World class high tech and IT sectors, economically strong despite virtually no natural resources, countries who refuse to trade with them. |
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Date: June 19th, 2018 11:12 AM Author: erotic death wish scourge upon the earth Lmfao no natural resources but a shit ton of US aid (http://www.autoadmit.com/thread.php?thread_id=4004598&forum_id=2#36271450) |