India’s share of global gross domestic product (GDP) rose to 7.93 percent in 2023 when adjusted for purchasing power parity (PPP) and was projected to increase to 9.66 percent by 2029. This reflects the growth of India’s economy, which is helped in this ranking by the low purchasing pow...
GDP per capita also called GDP per citizen or GDP per person is obtained by dividing GDP by the number of habitants. Represents the value of goods and services produced by different countries and it is used to compare the welfare of the inhabitants each of them. GDP per capita = GDP / ...
UPDATE (March 29, 2023):At anexecutive State Council meetingchaired by Premier Li Qiang on March 24, 2023, China’s State Council announced the renewal of a range of supportive tax and fee policies, which includes the long-awaited extension of corporate income tax (CIT) incentives for small ...
To calculate PPP, economists use a group of goods to calculate the ratio of the price of this group in each country. This ratio is then used to convert all countries into a standardized price level, on parity with each other. Why use PPP? A U.S. dollar in the United States does ...
State Bank: Pakistan's Actual GDP Higher Than Official Figures Show "In terms of LSM growth, a number of sectors that are showing strong performance; (for example, fast moving consumer goods (FMCG) sector; plastic products; buses and trucks; and even textiles), are either under reported, or...
Young Adults Visualizing Drug Use Trends in U.S. Young Adults Charted: The Surge of Vaping in America’s Young Adults Visualized: Who Funds the World Health Organization? Mapped: Emergency Room Visit Times by State Energy Mapped: How Much Each Country Pays for Gas in 2025 How Many New ...
GDP is the most important and widely studied macroeconomic variable. It indicates the state of an economy and is used as a measure of the economic strength
in the mid-1960s to 2900 kcal/person/day currently, according to theFood and Agricultural Organization(FAO). The USDA (United States Department of Agriculture) estimates that most women need 1,600 to 2,400 calories, while the majority of men need 2,000 to 3,000 calories each day to ...
Factors like income inequality, wealth distribution, and the quality of public services greatly influence a country’s general financial condition and living standards. Top 50 richest countries by GDP in 2023 State GDP per capita 50 Oman $42.19 thousand 49 Croatia $42.53 thousand 48 Puerto Rico $...
during most of the 1990s, before the start of the subsequent golden decade. From 1999 to 2008, Russia’s GDP grew by at least 4.7% each year. This expansion made Russia one of the fastest-growing economies. This growth, however, was mostly driven by the boom incommodityprices, notably ...