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TOP 10 COUNTRIES BY GDP

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This data will show you gdp from 1990-2018 of the top 10 countries with the highest numbers.


The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time. There are, however, three important distinctions within this seemingly simple definition:


The United States of America is the top country by GDP in the world followed by China, Japan, Germany, United Kingdom and more.

GDP is a number that expresses the worth of the output of a country in local currency.
GDP tries to capture all final goods and services as long as they are produced within the country, thereby assuring that the final monetary value of everything that is created in a country is represented in the GDP.
GDP is calculated for a specific period of time, usually a year or a quarter of a year.
Taken together, these three aspects of GNP calculation provide a standard basis for the comparison of GDP across both time and distinct national economies.

Data source: KNOEMA

#gdp #USA #JAPAN #CHINA #GERMANY #ECONOMY #WORLD

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