What was the GDP in 2012?
GDP grows 2.3% in United States The GDP figure in 2012 was $16,254,000 million, United States is the world’s leading economy with regard to GDP, as can be seen in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in United States rose $654,300 million with respect to 2011.
How does Germany’s economy rank in the world?
Ranking the Richest Countries in the World
| Top Ten Countries by Nominal GDP at Current U.S. Dollar Exchange Rates | ||
|---|---|---|
| United States | $20.89 | $20.89 |
| China | $14.72 | $24.27 |
| Japan | $5.06 | $5.25 |
| Germany | $3.85 | $4.52 |
What percentage of the world economy is Germany?
approximately 3.44 percent
The statistic shows Germany’s share in the global gross domestic product (GDP) adjusted for Purchasing Power Parity (PPP) from 2016 to 2026. In 2020, Germany’s share in the global gross domestic product adjusted for Purchasing Power Parity amounted to approximately 3.44 percent.
What was real GDP per capita 2012?
$51,468
Annual U.S. Real GDP Per Capita Since 1947 in 2012 Dollars
| Year | Real GDP Per Capita | Event Affecting GDP |
|---|---|---|
| 2011 | $50,495 | Iraq War ended. |
| 2012 | $51,468 | Fiscal cliff. |
| 2013 | $51,921 | Sequestration. |
| 2014 | $52,293 | Strong dollar hurt exports. |
What was the real GDP in 2018?
Current-dollar GDP increased 5.2 percent, or $1.01 trillion, in 2018 to a level of $20.49 trillion, compared with an increase of 4.2 percent, or $778.2 billion, in 2017 (table 1 and table 3). Real GDI increased 2.4 percent in 2018, compared with an increase of 2.3 percent in 2017 (table 1).
What was the nominal GDP in 2012 quizlet?
In 2012 the nominal GDP was $18 billion and the GDP deflator was 120, what was real GDP? Which of the following statements about nominal GDP and real GDP is correct?
How is Germany’s GDP so high?
Open economy Judging by the importance of foreign trade for gross domestic product (GDP), Germany is the most open economy among the G7 states. The foreign trade quota is currently 84.4 per cent – that’s the sum of imports and exports in relation to GDP. In comparison, the USA quota is 26.7 per cent.
Why is Germany’s GDP so high?
Germany’s solid economy, the world’s fourth largest and Europe’s largest, is based on exports of high-quality manufactured goods.
Why is Germany GDP so high?
The German economy has its great innovativeness and strong focus on exports to thank for its competitiveness and global networking. In high-selling sectors, such as car-making, mechanical and plant engineering, the chemicals industry and medical technology, exports account for well over half of total sales.
What country has the highest GDP?
United States
GDP by Country
| # | Country | GDP (abbrev.) |
|---|---|---|
| 1 | United States | $19.485 trillion |
| 2 | China | $12.238 trillion |
| 3 | Japan | $4.872 trillion |
| 4 | Germany | $3.693 trillion |
Which country has the highest GDP per person in 2017?
Qatar
GDP per Capita
| # | Country | GDP (nominal) per capita (2017) |
|---|---|---|
| 1 | Qatar | $61,264 |
| 2 | Macao | $80,890 |
| 3 | Luxembourg | $105,280 |
| 4 | Singapore | $56,746 |
What was the real GDP in 2015?
Current-dollar GDP increased 3.4 percent, or $589.8 billion, in 2015 to a level of $17,937.8 billion, compared with an increase of 4.1 percent, or $684.9 billion, in 2014.
What is the real GDP of Germany?
Germany GDP 1 Nominal (current) Gross Domestic Product (GDP) of Germany is $3,693,204,332,230 (USD) as of 2017. 2 Real GDP (constant, inflation adjusted) of Germany reached $3,883,869,685,204 in 2017. 3 GDP Growth Rate in 2017 was 2.22%, representing a change of 82,010,269,503 US$ over 2016, when Real GDP was $3,801,859,415,701.
What will Germany’s GDP look like in 2020?
In the long-term, the Germany GDP is projected to trend around 4410.00 USD Billion in 2020, according to our econometric models. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.
What is the GDP of Germany in 2021?
Germany GDP – values, historical data and charts – was last updated on June of 2021. GDP in Germany is expected to reach 3700.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations.
What was the GDP of Germany in 1970?
GDP in Germany averaged 2014.81 USD Billion from 1970 until 2019, reaching an all time high of 3949.55 USD Billion in 2018 and a record low of 215.84 USD Billion in 1970.