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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 on theme: "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."— Presentation transcript:

1 The United States The Economy

2 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

3 Photo comparison of GDP around the World

4 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 2,049,501 10 Russia 1,857,461 [n 3] [n 3] 11 Canada 1,788,717 12 Australia 1,444,189 13 South Korea 1,416,949 14 Spain 1,406,855 15 Mexico 1,282,725 16 Indonesia 888,648 17 Netherlands 866,354 18 Turkey 806,108 19 Saudi Arabia 752,459 20 Switzerland 712,050 21 Nigeria 573,652 22 Sweden 570,137 23 Poland 546,644 24 Argentina 540,164 25 Belgium 534,672 The 25 Richest Countries on Earth (measured by GDP)

5 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 55,097 10 United States 54,370 11 Saudi Arabia 52,311 12 Ireland 51,284 13 Bahrain 49,020 14 Netherlands 47,960 15 Austria 46,640 16 Australia 46,550 17 Sweden 46,219 18 Germany 46,216 19 Taiwan 46,036 20 Canada 44,967 21 Denmark 44,625 22 Iceland 44,029 23 Oman 43,847 24 Belgium 43,139 25 Finland 40,661


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