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This template produces an infobox for countries that covers their major attributes such as their flags, ethnic makeup, and political system. Template parameters This template has custom formatting. Parameter Description Type Status Conventional long name conventional_long_name Formal or official full name of the country in English. This entry should not be enclosed in brackets. Example The ...
Continue reading ->The post GDP: Definition, Examples and Economic Usage appeared first on SmartAsset Blog. Gross domestic product (GDP) measures the market value of all goods and services a ...
GDP can be contrasted with gross national product (GNP) or, as it is now known, gross national income (GNI). The difference is that GDP defines its scope according to location, while GNI defines its scope according to ownership. In a global context, world GDP and world GNI are, therefore, equivalent terms.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
Corrected the category color for Bangladesh from light yellow ($10,000-$20,000) to dark yellow ($5,000-$10,000) because the country's GDP (PPP) per capital is ~$5,812 as of April 2021. 20:41, 4 September 2021
Real GDP is an example of the distinction between real and nominal values in economics. Nominal gross domestic product is defined as the market value of all final goods produced in a geographical region, usually a country; this depends on the quantities of goods and services produced, and their respective prices.
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange rates, not on the purchasing power parity (PPP) methodology.
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]