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Understanding Gross Domestic Product


List of Figures

Understanding Gross Domestic Product contains eight figures, the first seven of which are tables of numbers.

For reference, here are links to each of these figures within the section in which they appear.

Figure 1: Countries, ranked by GDP

Figure 2: Economic regions, ranked by GDP

Figure 3: GDP of economic regions ranked by land mass

Figure 4: GDP of economic regions ranked by GDP/(Land Mass)

Figure 5: GDP of economic regions, ranked by population

Figure 6: GDP of most populous regions, ranked by per capita GDP

Figure 7: GDP of all economic regions, ranked by per capita GDP

Figure 8: Characteristics of countries, very high GDP per capita

All the Figures on One Page

Within the essay, I have analyzed the various numbers in different ways. If you want to do some analysis of your own, having all the tables is one spot will make it a lot easier.

To help you, here are all the figures in one place.

Figure 1: Countries, ranked by GDP

    2012 GDP 
($trillion USD) 
World  $71.707 
United States$15.685 
China $8.227
Japan $5.964
Germany $3.401
France $2.609
United Kingdom $2.441
Brazil $2.396
Russia $2.022
Italy $2.014
India10  $1.825
Canada11  $1.819
Australia12  $1.542
Spain13  $1.352
Mexico14  $1.177
Korea15  $1.156

Figure 2: Economic regions, ranked by GDP

    2012 GDP 
($trillion USD) 
World  $71.707 
European Union$16.641 
United States$15.685 
China $8.227
Japan $5.964
Brazil $2.396
Russia $2.022
India $1.825
Canada $1.819
Australia $1.542
Mexico10  $1.177
Korea11  $1.156
Indonesia12  $0.878
Turkey13  $0.794
Saudi Arabia14  $0.727
Switzerland15  $0.632

Figure 3: GDP of economic regions ranked by land mass

    Land Mass 
(km2
2012 GDP 
($trillion USD) 
World  132,773,914   $71.707  
Russia16,377,742 $2.022
China 9,569,901 $8.227
United States 9,158,960$15.685  
Canada 9,093,507 $1.819
Brazil 8,460,415 $2.396
Australia 7,682,300 $1.542
European Union 4,250,235$16.641  
India 2,973,193 $1.825
Argentina 2,736,690 $0.475
Kazakhstan10  2,699,700 $0.196
Algeria11  2,381,741 $0.208
Congo12  2,267,048 $0.018
Saudi Arabia13  2,149,690 $0.727
Mexico14  1,943,945 $1.177
Indonesia15  1,811,569 $0.878

Figure 4: GDP of economic regions ranked by GDP/(Land Mass)

    GDP/ 
Land Mass 
Land Mass 
(km2
2012 GDP 
($trillion USD) 
World  0.5148,940,000   $71.707 
European Union3.9 4,250,235$16.641 
United States1.7 9,158,960$15.685 
China0.9 9,569,901 $8.227
India0.6 2,973,193 $1.825
Mexico0.6 1,943,945 $1.177
Indonesia0.5 1,811,569 $0.878
Saudi Arabia0.3 2,149,690 $0.727
Brazil0.3 8,460,415 $2.396
Australia0.2 7,682,300 $1.542
Canada10 0.2 9,093,507 $1.819
Argentina11 0.2 2,736,690 $0.475
Russia12 0.116,377,742  $2.022
Algeria13 0.1 2,381,741 $0.208
Kazakhstan14 0.1 2,699,700 $0.196
Congo15 0.0 2,267,048 $0.018
Japan  15.8 377,930$5.964

Figure 5: GDP of economic regions, ranked by population

    Mid-2012 
Population 
(millions) 
2012 GDP 
($trillion USD) 
World  7,058.0  $71.707 
China1,350.4   $8.227
India1,259.7   $1.825
European Union 506.2$13.491  
United States 316.1$15.685  
Indonesia 241.0 $0.878
Brazil 194.3 $2.396
Pakistan 180.4 $0.232
Nigeria 170.1 $0.269
Bangladesh 152.9 $0.123
Russia10  143.4 $2.022
Japan11  127.3 $5.964
Mexico12  116.1 $1.177
Philippines13  96.2 $0.250
Vietnam14  89.0 $0.138
Ethiopia15  87.0 $0.042

Figure 6: GDP of most populous economic regions, ranked by per capita GDP

    GDP Per 
Capita (USD) 
Mid-2012 
Population 
(millions) 
2012 GDP 
($trillion USD) 
World  $10,160    7,058.0    $71.707  
United States$49,967     313.9 $15.685  
Japan$46,740     127.6  $5.964
European Union$32,875     506.2 $16.641  
Russia$14,120     143.2  $2.022
Brazil$12,331     194.3  $2.396
Mexico$10,139     116.1  $1.177
China $6,092  1,350.4     $8.227
Indonesia $3,644   241.0  $0.878
Philippines $2,603   96.2 $0.250
Nigeria10  $1,580   170.1  $0.269
Vietnam11  $1,551   89.0 $0.138
India12  $1,449  1,259.7     $1.825
Pakistan13  $1,285   180.4  $0.232
Bangladesh14  $803 152.9  $0.123
Ethiopia15  $482 87.0 $0.042

Figure 7: GDP of all economic regions, ranked by per capita GDP

    GDP Per 
Capita (USD) 
Mid-2012 
Population 
(millions) 
2012 GDP 
($trillion USD) 
World  $10,160  7,058.0      $71.707  
European Union  $32,875   506.2    $16.641  
Luxembourg$113,476     0.5 $0.057
Norway$100,220     5.0 $0.501
Qatar $87,323   2.1 $0.183
Switzerland $79,050   8.0 $0.632
Australia $70,082   22.0   $1.542
Denmark $55,948   5.6 $0.314
Sweden $55,389   9.5 $0.526
Canada $52,123   34.9   $1.819
Singapore $52,052   5.3 $0.277
United States10  $49,967   313.9    $15.685  
Austria11  $46,893   8.5 $0.399
Japan12  $46,740   127.6     $5.964
Netherlands13  $46,294   16.7   $0.773
United Arab Emirates14  $44,314   8.1 $0.359
Germany15  $41,572   81.8   $3.401

Figure 8: Characteristics of countries with a very high GDP per capita

What Makes for a Very High GDP Per Capita?

  • Small to medium-sized land mass
  • Small to medium-sized population
  • Democracy
  • Free press
  • Stable government
  • Post-industrial economy (more dependence on services than on manufacturing and agriculture)
  • Business-friendly government
  • Long-range government planning
  • Significant investment in infrastructure
  • Highly literate and educated population
  • High-speed network connectivity
  • Stable work force
  • Diversified economy

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