Script
Easy Graphs Production
Who has the largest economy?
By Steven A. Levy
From the CIA World Factbook, Jan 4, 2018
Figures are for 2016.
Using GDP (official exchange rate)
The whole world is 76 Trillion Dollars
USA is 19 Trillion.
China is 11 Trillion.
The rest is 46 Trillion.
But if we use Purchasing Power Parity China is first.
Total world 120 trillion dollars.
China is 21 trillion dollars.
USA is 19 trillion dollars.
The rest of the world is 80 trillion.
Reference:
From the CIA World Factbook, Jan 4, 2018
GDP (purchasing power parity)
"sum value of all goods and services produced in the country valued at prices prevailing in the United States in the year noted". This will make comparisons between countries more accurate. If goods and services are two time more expensive in country A over country B, then if B's GDP is half, they may seen equal because goods are more expensive in A.
World
GDP (purchasing power parity):
$120.2 trillion (2016 est.)
$116.7 trillion (2015 est.)
$113.1 trillion (2014 est.)
note: data are in 2016 dollars
GDP (official exchange rate):
SGWP (gross world product): $75.52 trillion (2016 est.)
USA
GDP (purchasing power parity):
$18.62 trillion (2016 est.)
$18.12 trillion (2015 est.)
$17.43 trillion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 3
GDP (official exchange rate):
$18.62 trillion (2016 est.)
China
GDP (purchasing power parity):
$21.29 trillion (2016 est.)
$19.7 trillion (2015 est.)
$18.23 trillion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 1
GDP (official exchange rate):
$11.23 trillion (2016 est.)
GDP (purchasing power parity)
World, 120.2, 100%
USA, 18.6,
China, 21.3
Rest,0
