The United States The Economy. What is GDP ? Gross Domestic Product (GDP): The total market (or dollar) value of all final goods and services produced.

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Presentation transcript:

The United States The Economy

What is GDP ? Gross Domestic Product (GDP): The total market (or dollar) value of all final goods and services produced in a country during a given period of time

Photo comparison of GDP around the World

Rank Country/RegionGDP (Billions of US$) World77,301,958 [9] [9] 1 United States 17,418,925 2 China 10,380,380 [n 2] [n 2] 3 Japan 4,616,335 4 Germany 3,859,547 5 United Kingdom 2,945,146 6 France 2,846,889 7 Brazil 2,353,025 8 Italy 2,147,952 9 India 2,049, Russia 1,857,461 [n 3] [n 3] 11 Canada 1,788, Australia 1,444, South Korea 1,416, Spain 1,406, Mexico 1,282, Indonesia 888, Netherlands 866, Turkey 806, Saudi Arabia 752, Switzerland 712, Nigeria 573, Sweden 570, Poland 546, Argentina 540, Belgium 534,672 The 25 Richest Countries on Earth (measured by GDP)

The 25 Richest Countries on Earth (measured by GDP per capita) RankCountryInt$ (thousands of dollars) 1 Qatar 137,162 2 Luxembourg 97,639 3 Singapore 83,066 4 Brunei 79,890 5 Kuwait 70,686 6 Norway 67,166 7 United Arab Emirates 66,347 8 San Marino 60,887 9 Switzerland 58,149 — Hong Kong 55, United States 54, Saudi Arabia 52, Ireland 51, Bahrain 49, Netherlands 47, Austria 46, Australia 46, Sweden 46, Germany 46, Taiwan 46, Canada 44, Denmark 44, Iceland 44, Oman 43, Belgium 43, Finland 40,661