What it is
It is said to be "The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory." according to investopedia.com.
It is one of the ways of measuring the fiscal size and changes in fiscal value of national economies.
1965-2030 global GDP maps
Here are the stats from 1965 to 2030.
2015 nominal GDP per capita.
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The nominal GDP per capita for 2015.
Things that affect GDP er capita
In theory it grows as the nominal GDP does, but can be reduced by a rising population leading to it being spread out among more people. The reverse effect can also occur.
There are the alleged booms among the Association of Brazil, Russia, India, China and South Africa (B.R.I.C.S.), as well in Turkey, Kazakhstan, Equatorial Guinea, Azerbaijan, Slovenia, Poland, Belgium, the Czech Republic, Hong Kong S.A.R., the Baltic States, Chile, Mexico, Iran, Argentina, Costa Rica, Ethiopia, Nigeria, Kenya, Israel and Australia.
All the economy have grown since 1965 and most have grown since 2000 (growth has been especially high in India and China), but it is mostly a relative improvement form the distant past and better targeting of state spending have made life better in the counties.
China has given up the xenophobic Bamboo Curtain policy, The USSR's horrifically inefficient system has been removed to various degrees in the former USSR, Equatorial Guinea has struck oil and scrapping communist centrally planned economics in favor of western market economics helped crate money in the relevant nations anyhow.
Things that affect GDP
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Economic patterns and cycles
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Also see
Links
- https://en.wikipedia.org/wiki/List_of_countries_by_past_and_projected_GDP_(nominal)_per_capita?oldformat=true#Centre_for_Economics_and_Business_Research_estimate_for_2030s
- https://en.wikipedia.org/wiki/List_of_countries_by_past_and_projected_GDP_(nominal)_per_capita?oldformat=true#IMF_estimates_between_2010_and_2019
- https://en.wikipedia.org/wiki/List_of_countries_by_past_and_projected_GDP_(nominal)_per_capita?oldformat=true#UN_estimates_between_2010_and_2015
- https://en.wikipedia.org/wiki/List_of_countries_by_past_and_projected_GDP_(nominal)_per_capita?oldformat=true#World_Bank_estimates_between_1960_and_1969
- http://data.un.org/Data.aspx?d=WDI&f=Indicator_Code%3aNY.GDP.MKTP.CD
- http://data.un.org/Data.aspx?d=SNAAMA&f=grID%3a101%3bcurrID%3aUSD%3bpcFlag%3a1
- http://data.un.org/Data.aspx?d=SNAAMA&f=grID%3a101%3bcurrID%3aUSD%3bpcFlag%3a1
- http://www.investopedia.com/terms/g/gdp.asp
- http://www.wikiwand.com/en/Gross_domestic_product
- http://bea.gov/newsreleases/national/GDP/GDPnewsrelease.htm
- http://www.wikiwand.com/en/List_of_countries_by_past_and_projected_GDP_(nominal)_per_capita
- http://www.wikiwand.com/en/List_of_countries_by_GDP_(PPP)_per_capita
- http://news.alibaba.com/article/detail/news/100914119-1-china%2527s-provincial-gdp-figures-2011.html
- http://data.un.org/Data.aspx?d=SNAAMA&f=grID%3a101%3bcurrID%3aUSD%3bpcFlag%3a1
- http://history.wikia.com/wiki/List_of_regions_by_past_GDP
- http://www.wikiwand.com/en/List_of_IMF_ranked_countries_by_past_and_projected_GDP_(nominal)
- http://www.wikiwand.com/en/List_of_countries_by_past_and_projected_GDP_(nominal)_per_capita
- http://www.wikiwand.com/en/Economy_of_the_Falkland_Islands
- http://en.mercopress.com/2014/09/05/falklands-gdp-volatile-because-of-fisheries-and-oil-and-gas-exploration
- http://statisticstimes.com/economy/countries-by-projected-gdp-capita.php
- http://wikivisually.com/wiki/Talk:List_of_countries_by_past_and_projected
- https://www.scribd.com/document/287784318/List-of-Countries-by-GDP-Nominal-Per-Capita
- http://statisticstimes.com/economy/countries-by-gdp-capita.php
- http://data.un.org/Data.aspx?d=SNAAMA&f=grID%3a101%3bcurrID%3aUSD%3bpcFlag%3a1
- http://www.investopedia.com/terms/g/gdp.asp.
- http://thebricspost.com
- https://www.wikiwand.com/en/BRICS