Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Meanwhile GDP by PPP ( purchasing power parity) is another way of measuring the worlds biggest economy.In this case China and japan ranks 2nd and 3rd as the worlds top 3 economic giants.Germany's GDP of $3.9 along with UK's 3 trillion makes them the 4th and 5th biggest economy. France, Brazil,Italy, India and Russia respectively tops the worlds biggest top 10 economies
No comments:
Post a Comment