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العربية Azərbaycanca ব ল Bikol Central Dansk Ελληνικά Español فارسی Français 한국어 Bahasa Indonesia Magyar This is a list of most-visited websites worldwide as of April 2024, along with their change in ranking compared to the previous month. List
Wikipedia is written by volunteer editors and hosted by the Wikimedia Foundation, a non-profit organization that also hosts a range of other volunteer projects : Commons. Free media repository. MediaWiki. Wiki software development. Meta-Wiki. Wikimedia project coordination. Wikibooks. Free textbooks and manuals.
Four UN members (Cuba, Liechtenstein, Monaco and North Korea) do not belong to the IMF hence their economies are not ranked below. Kosovo, despite not being a member of the United Nations, is a member of IMF. Taiwan is not a IMF member but it is still listed in the official IMF indices. Several leading GDP-per-capita (nominal) jurisdictions may ...
Dymaxion map of the world with the 30 largest countries and territories by area This is a list of the world's countries and their dependencies by land, water, and total area, ranked by total area.The entries in this list include, but are not limited to, those in the ISO 3166-1 standard, which includes sovereign states and dependent territories.
- History
- Determining Gross Domestic Product
- GDP and GNI
- National Measurement
- Nominal GDP and Adjustments to GDP
- GDP Growth
- GDP Per Capita
- Limitations and Criticisms
- Problems with GDP Data
- External Links
William Petty came up with a concept of GDP, to calculate the tax burden, and argue landlords were unfairly taxed during warfare between the Dutch and the English between 1652-74. Charles Davenantdeveloped the method further in 1695. The modern concept of GDP was first developed by Simon Kuznets for a 1934 U.S. Congress report, where he warned agai...
GDP can be determined in three ways, all of which should, theoretically, give the same result. They are the production (or output or value added) approach, the income approach, and the speculated expenditure approach. It is representative of the total output and income within an economy. The most direct of the three is the production approach, whic...
GDP can be contrasted with gross national product (GNP) or, as it is now known, gross national income (GNI). The difference is that GDP defines its scope according to location, while GNI defines its scope according to ownership. In a global context, world GDP and world GNIare, therefore, equivalent terms. GDP is a product produced within a country'...
Within each country GDP is normally measured by a national government statistical agency, as private sectororganizations normally do not have access to the information required (especially information on expenditure and production by governments).
The raw GDP figure as given by the equations above is called the nominal, historical, or current, GDP. When one compares GDP figures from one year to another, it is desirable to compensate for changes in the value of money – for the effects of inflation or deflation. To make it more meaningful for year-to-year comparisons, it may be multiplied by t...
Real GDP allows us to calculate the GDP growth rate, which indicates how much a country's production has increased (or decreased, if the growth rate is negative) compared to the previous year, typically expressed as percentage change. The economic growth can be expressed as real GDP growth rate, real GDP per capita growth rate or GDP (PPP) per capi...
Another thing that it may be desirable to account for is population growth. If a country's GDP doubled over a certain period, but its population tripled, the increase in GDP may not mean that the standard of living increased for the country's residents; the average person in the country is producing less than they were before. Per-capita GDPis a me...
Limitations at introduction
Simon Kuznets, the economist who developed the first comprehensive set of measures of national income, stated in his second report to the U.S. Congress in 1937, in a section titled "Uses and Abuses of National Income Measurements": In 1962, Kuznets stated:
Further criticisms
Ever since the development of GDP, multiple observers have pointed out limitations of using GDP as the overarching measure of economic and social progress. For example, many environmentalists argue that GDP is a poor measure of social progress because it does not take into account harm to the environment. Furthermore, the GDP does not consider human health nor the educational aspect of a population. American politician Robert F. Kennedy criticized the GDP as a measure of "everything except th...
Proposals to overcome GDP limitations
In response to these and other limitations of using GDP, alternative approaches have emerged. 1. In the 1980s, Amartya Sen and Martha Nussbaum developed the capability approach, which focuses on the functional capabilities enjoyed by people within a country, rather than the aggregate wealth held within a country. These capabilities consist of the functions that a person is able to achieve. 2. In 1990, Mahbub ul Haq, a Pakistani economist at the United Nations, introduced the Human Development...
A peer-reviewed study published in the Journal of Political Economy in October 2022 found signs of manipulation of economic growth statistics in the majority of countries. According to the study, this mainly applied to countries that were governed semi-authoritarian/authoritarian or did not have a functioning separation of powers. The study took th...
Global 1. Gross domestic product at the Encyclopædia Britannica 2. Australian Bureau of Statistics Manual on GDP measurement 3. OECD GDP chart 4. UN Statistical Databases 5. World Development Indicators (WDI)at Worldbank.org 6. World GDP Chart (since 1960) Data 1. Bureau of Economic Analysis: Official United States GDP data 2. Historicalstatistics....
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database.
Ethnologue (2023) The following languages are listed as having 45 million or more total speakers in the 26th edition of Ethnologue published in 2023. This section does not include entries that Ethnologue identifies as macrolanguages encompassing all their respective varieties, such as Arabic, Lahnda, Persian, Malay, Pashto, and Chinese.
