In 2021, how many per capita GDP are there? The answer given by the IMF is: $96.29 trillion and $12.52 million. Among them, the economic scale of developed countries is as high as US$56.09 trillion, accounting for 58.25% of the total global economy.
The remaining US$40.2 trillion was created by developing countries , including China, India, Russia, Brazil , South Africa and other countries, accounting for 41.75% of the world. Yes, developing countries that account for 86% of the global population have created only about 40% of GDP.
Developed countries have huge economic advantages
IMF The information disclosed also shows that the per capita GDP of countries and regions around the world rose to US$12,520 in 2021. Among them, the per capita GDP of developing countries is about US$6,080, while the per capita GDP of developed countries is as high as US$52,070 - close to 8.6 times that of developing countries.
This is also inseparable from China's huge contribution - the economic scale in 2021 exceeded US$17 trillion (as shown in the figure above), which is about 43.4% of the total economic scale of developing countries. China's per capita GDP exceeds US$12,000, which is twice the per capita level of developing countries.
If China is excluded, the economic scale of the remaining developing countries will be significantly lower, and their per capita GDP will be less than US$5,000, less than a fraction of the per capita level of developed countries. It can be seen that the imbalance of global economic development will be further strengthened in 2021.
What are the reasons for the expansion of economic advantages in developed countries?
2020 is a period of rapid global pandemic in the new crown pneumonia epidemic. Major countries including China, the United States, Japan, Germany, India, and Russia have adopted relatively strict blockade and isolation measures, resulting in a significant decline in the global economy.
But by 2021, many countries have implemented more relaxed epidemic prevention plans, and some countries have even adopted policies to coexist with the virus. Combined with large-scale fiscal and monetary incentives, the global economy ushered in a substantial increase of 5.8%, setting a new high in recent decades.
However, this growth has great differences, and developed countries seem to have a stronger position in the global economic landscape than before the outbreak. This is because developed countries have great financial advantages and financial strength and can provide huge monetary support.
In particular, the United States issued trillions of dollars in Treasury bonds and US dollars in 2021, and provided high subsidies to damaged residents and enterprises - the consumption and private investment of American residents have not decreased, but increased, and the income and wealth of American residents are also continuing to expand, thus pushing the US GDP to a new high.
Take the revised data released by the Federal Reserve as an example: the total assets of U.S. residents expanded to $159.129 trillion in 2021 (as shown in the figure above), an increase of as high as 13.18% compared with $140.596 trillion in 2020. Based on the population of 332.4 million, per capita assets rose to US$478,700.
The second reason why the economic advantages of developed countries are solidified in 2021 is that "they can provide more sufficient vaccines and related medical conditions, thereby offsetting the impact of the epidemic on life and production." Except for China, most developing countries do not meet the corresponding conditions.
WHO Experts said at the beginning of this year that the vaccination rate in some low-income countries is less than 10%. It does not have the modern medical conditions and the fiscal ability to stimulate economic recovery, and the economy continues to diverge in factors such as huge current account deficits and rapid debt growth.
enters 2022, and global energy and food prices are at high levels for a long time. Many countries have depreciated, but the dollar index continues to rise, and is also the core currency for pricing and settlement of in the global commodity trading. The United States will gain greater profits in related trade.
But many developing countries are just the opposite, and they need to pay higher costs than in previous years to obtain energy and food. The economic and fiscal embarrassment has been further highlighted, debt pressure continues to expand, and countries such as Sri Lanka have even experienced "national bankruptcy" phenomenon, and the global economy will continue to be imbalanced.This article is compiled and written by Nan Sheng. Please do not reprint or plagiarize without authorization!
