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GDP
refers to Gross Domestic Product , which is the final result of production activities of all permanent units in a country (or region) within a certain period of time. GDP is the core indicator of national economic accounting and is also an important indicator for measuring the economic status and development level of a family or region.
1st half of 2022, the top 20 GDP in the world were released, with the United States, China, Japan and Germany firmly ranked in the top four, at US$12309.701 billion, US$8678.123 billion, US$2190.946 billion and US$2051.489 billion respectively; among them, the United States performed well, with a year-on-year growth of 9.96%, ranking first among these four countries. The main reason is that the high inflation in the United States drives the rise of domestic consumption and promotes high economic growth; it shows that China will become the world's number one economy until after 2030.
India, the United Kingdom, France, Canada, Italy, Brazil ranked 5th to 10th, with GDP of US$1719.392 billion, US$1621.812 billion, US$1417.992 billion, US$1083.621 billion, US$993.123 billion, and US$916.386 billion, respectively; among them, France performed poorly, the gap with the United Kingdom further widened, and GDP may be comparable to England by the end of the year; it shows that France's economic development has slowed down, corporate benefits are average, and it is necessary to speed up, otherwise it may be surpassed by Canada, Brazil, Russia and other countries in the future.
In addition, South Korea, Australia, Mexico , the GDP of the three countries, is between 700-900 billion US dollars, which is lower than that of Guangdong Province, my country; among them, Australia performed well, and the per capita GDP is comparable to that of the United States and Canada, far higher than other countries. The main reason is that it has rich resources, high population quality, and developed technology, and is a role model for all countries to learn from.
The remaining countries are Spain 697.28 billion US dollars, Indonesia 652.845 billion US dollars, Netherlands 504.098 billion US dollars, Switzerland 404.021 billion US dollars, and Türkiye 399.968 billion US dollars.
China surpasses EU (27 countries)
In the first half of 2022, China's GDP was US$8678.123 billion, surpassing the EU (27 countries) US$8335.63 billion. The main reason is that the exchange rate problem has caused. Since this year, the exchange rate of euro against the US dollar has fallen by 9.5%.
The actual growth of the EU is higher than that of China, mainly due to the continued soaring energy and food prices and the high inflation rate, the economic development situation is not optimistic.
my country's industries are diversified, with advantages such as population, resources, talents, science and technology, and geographical location. Its economic strength exceeds that of the United States and the European Union is an inevitable result.
India surpassed the UK
In the first half of 2022, India's GDP was US$1719.392 billion, surpassing the UK to US$1621.816 billion, ranking fifth in the world; it shows that India's economy continues to improve steadily and with good development momentum.
India's high GDP growth mainly relies on tertiary industry (service industry), while the secondary and primary industries performed poorly. This method has flaws and the future development momentum is not optimistic.
It is very difficult for India to become the world's second largest economy by 2047, because the gap with China and the United States is too big. If it becomes the third largest economy in the world, this is OK.
Canada surpassed Italy
In the first half of 2022, Canada's GDP was US$1083.621 billion, surpassing Italy's US$993.123 billion, a year-on-year increase of 11.3%. It is very difficult to achieve such results. The main reason is that Canada's exchange rate is stable and the prices of oil and coal have risen, achieving high economic growth; it shows that Canada's economic development level is high, corporate efficiency is high, and economic development experience is worth learning and reference.
Canada has a small population, far lower than Brazil, Russia, Italy, Mexico and other countries. The economy mainly relies on resources. In the future, GDP withdraws from the top 10 countries in the world will be an inevitable result.
Note:
1-Data is for reference only.
2-Data date: First half of 2022.
3-Russia, Saudi Arabia is not available yet.
