The leading 20 economies atop the top 100 richest countries generated about three-quarters (76 percent) of the world’s overall Gross Domestic Product (GDP) equaling US$141.756 trillion at April 2021. The latest global total for economic wealth increased by 58.1 percent since 2010 when the Great Recession was deepening. Year over year, worldwide GDP increased by 7.7 percent from … [Read more...] about Top 100 Richest Countries by GDP
Top 50 Richest Countries by GDP per Capita
Cash (Pixabay) Calculated based on the top 100 wealthiest countries in terms of Gross Domestic Product (GDP) per capita at April 2021, the average GDP per capita for these competing economies was US$36,739 per country. That dollar amount reflects a 24.5 percent increase from an average $29,501 in 2010 when the Great Recession gained traction. In contrast, the average GDP … [Read more...] about Top 50 Richest Countries by GDP per Capita
Italy Business Cycle Indicators Report
Based on the latest key business cycle indicators, Italy’s economy is stagnating. The strongest red flags are deteriorating psychological signals, namely falling business confidence and consumer confidence. Looking at the bottom line, Italy’s Gross Domestic Product (GDP) on a Purchasing Power Parity (PPP) basis did expand in October 2019 albeit at a tepid 1.8% annual … [Read more...] about Italy Business Cycle Indicators Report
