Monday, February 19, 2024

GDP by Country Update 2-19-24

Top 10 Largest Economies

By Forbes 2/7/24 

Country       $GDP     $PerCap GDP   Population

US             27.974T          83.060         339.9M

China        18.566T          13.016          1.425B

Germany    4.730T           56.040           83.3M

Japan         4.291T           34.550         123.3M  

India           4.112T             2.850          1.428B

UK              3.592T           52.430           67.7M

France       3.182T           48.220            64.8M

Italy            2.280T           38.930           58.8M

Brazil         2.272T           11.030          216.4M

Canada     2.242T           55,530            38.8M

Next 10 Largest Economies

Country             $GDP        Population

Mexico             1.992T          128.5M

Russia             1.924T          144.4M

S Korea           1.784T           51.8M

Australia          1.696T           26.4M

Spain               1.685T           47.5M

Indonesia         1.641T         277.5M

Turkey             1.540T           85.8M

Netherlands    1.167T           17.6M

Saudi Arabia   1.112T           36.9M

Switzerland       977K            8.8M

https://www.forbesindia.com/article/explainers/top-10-largest-economies-in-the-world/86159/1

https://www.worldometers.info/world-population/population-by-country/

China has the highest Trade Surplus at $823.22B

https://www.statista.com/statistics/263632/trade-balance-of-china/

The overall U.S. trade deficit widened 12.2 percent in 2022 to nearly $1 trillion as Americans bought large volumes of foreign machinery, pharmaceuticals, industrial supplies and car parts, according to new data released by the Commerce Department. The US last had a trade surplus in 1975.

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Comments

The US has the highest Trade Deficit at $1.061T. China has the highest trade surplus at $823.22B.

India has the highest population at 1.428B and the lowest Per Capita income at $2850 per year. India should gain jobs from China as manufacturing spreads around Asia. 148M of India’s population worked in agriculture in 2023. The workforce in India is 524B.

Norb Leahy, Dunwoody GA Tea Party Leader

 

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