Over in Latin America, Chile and Brazil were among the first emerging countries to hike interest rates in 2021—and they were some of the first to cut them last year. Thanks to improving domestic demand amid dissipating price spikes, the IMF upgraded the outlooks for Brazil and Mexico in 20...
Just as in America, in Britain too, the story told by official statistics does not alwaysmatch people’s experience.That is especially true in places like Newcastle, a former shipbuilding city, which lost out to competition from Asia in the 1970s and has seen living standards stagnate ever ...
Twenty years ago China’s economy was only 14% as big as America’s (at market exchange rates). But it was not too soon for bold economists to begin speculating about when China’s GDP might eclipse America’s to become the largest in the world. In an influential paper published in 200...
China's overall debt is about 260% of GDP, while America's total debt is about 250% of GDP. But China's economy is growing at more than 6% a year compared with about 2% in the U.S. In addition, most funds are needed in the first and second industries of GDP, where China is gr...
According to the Financial Services Commission, financial and insurance activities contributed to 11.1% of the country's GDP in 2018. Over the years, Mauritius has been positioning itself as the preferred hub for investment into A...
Labor productivity measures the amount of output (GDP) produced per unit of labor (hours worked) over a specific time period.It’s measured in International dollars (Int$), a hypothetical currency used to compare the purchasing power of different countries by adjusting for price differences....
Definition: GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purcha...
More rankings:Africa|Asia|Central America & the Caribbean|Europe|Middle East|North America|Oceania|South America|World| Statistical Concept and Methodology:For more information, see the metadata for PPP GDP in current international dollars (NY.GDP.MKTP.PP.CD) and total population (SP.POP.TOTL)....
1. The United States of America Source: Info Please GDP: $26,954 billion Annual GDP Growth Rate: 1.6% Source: Forbes The United States has maintained its position as the world's leading economy and richest country for over 60 years from 1960 to 2023. Its economy is diverse, with ...
Forecasted percent change in Gross Domestic Product (GDP) as a result of the coronavirus (COVID-19) outbreak in 2020, by country and scenario Search: Records: CharacteristicScenario 1: Major blow to China, spillover to rest of worldScenario 2: Outbreaks cause localized disruptionScenario 3:...