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How does the US GDP compare with the rest of the world?
Christian Araujo
How does the US' GDP compare with that of the rest of the world?
The nominal GDP of the US is the 2nd in the world (after the European Union). However, the GDP PPP (at purchasing power parity (which takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income) is the 2nd in the world (after the European Union and China) and the GDP PPP per capita is the 10th in the world.
How does the us consumption compare with the rest of the world?
The U.S uses the 2nd most power in the world. It is second to China.
Why does the US have a very high GDP?
GDP is purchases from consumers, investments and purchases from businesses, government spending, and net exports, and most of GDP comes from consumer spending. Americans have a lot of money compared to the rest of the world, so we spend a lot of money.
What is the US world rank in GDP?
may be the fourth
In 2006 total GDP of US represented what percentage of world's GDP?
27.36% of the world's economy. World's economy is $48,244,879 and USA share is $13,201,819
What is the us GDP per capita?
The US has the fourth highest GDP per capita in the world. It is currently $46,381 comparable to that of Switzerland and Singapore.
What is the GDP for Japan and global GDP ranking?
The GDP of Japan is $4.38 trillion ranking it #2 in the world behind the US (International Monetary Fund 2007).
What is South Africa's GDP?
South Africa has a GDP of $408.2 billion(2011) US dollars according to the world bank.
What is the GDP of Vietnam?
Vietnam has the 60th largest GDP in the world at 70.9 billion US dollars (Based on 2007 statistics).
How does Bulgaria's GDP compare with the US's?
USA GDP(PPP) for 2011 is $48,000 Bulgaria's GDP(PPP) for 2011 is $13,500 Therefore, Bulgaria's GDP per capita is about 3.5 times lower than USA's. Comparison of their total GDPs is pointless because of the huge population difference.
What percentage of US GDP is derived from tourism?
It appears that travel and tourism directly contributed to 2.5% of the US GDP in 2010. Travel and tourism indirectly contributed to 8.9% of US GDP in 2010. This is significantly lower than the world average.
