Search results “Per capita gross product”
Real GDP Per Capita and the Standard of Living
They say what matters most in life are the things money can’t buy. So far, we’ve been paying attention to a figure that’s intimately linked to the things money can buy. That figure is GDP, both nominal, and real. But before you write off GDP as strictly a measure of wealth, here’s something to think about. Increases in real GDP per capita also correlate to improvements in those things money can’t buy. Health. Happiness. Education. What this means is, as real GDP per capita rises, a country also tends to get related benefits. As the figure increases, people’s longevity tends to march upward along with it. Citizens tend to be better educated. Over time, growth in real GDP per capita also correlates to an increase in income for the country’s poorest citizens. But before you think of GDP per capita as a panacea for measuring human progress, here’s a caveat. GDP per capita, while useful, is not a perfect measure. For example: GDP per capita is roughly the same in Nigeria, Pakistan, and Honduras. As such, you might think the three countries have about the same standard of living. But, a much larger portion of Nigeria's population lives on less than $2/day than the other two countries. This isn’t a question of income, but of income distribution—a matter GDP per capita can’t fully address. In a way, real GDP per capita is like a thermometer reading—it gives a quick look at temperature, but it doesn’t tell us everything. It’s far from the end-all, be-all of measuring our state of well-being. Still, it’s worth understanding how GDP per capita correlates to many of the other things we care about: our health, our happiness, and our education. So join us in this video, as we work to understand how GDP per capita helps us measure a country’s standard of living. As we said: it's not a perfect measure, but it is a useful one. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1WJcJ5w Next video: http://bit.ly/1S1CxuA Help us caption & translate this video! http://amara.org/v/H04s/
Top 10 Country GDP Per Capita Ranking History (1962-2017)
This video shows the Top 10 countries with highest GDP per capita from 1962 to 2017. Most countries are from developed regions in Europe, North America, and Asia. As of 2017, Luxembourg has been regarded as the richest country in terms of GDP per capita. Per capita GDP is a measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in that country. The Per capita GDP is especially useful when comparing one country to another, because it shows the relative performance of the countries. A rise in Per capita GDP signals growth in the economy and tends to reflect an increase in productivity. Twitter: twitter.com/wawamustats Facebook: fb.me/wawamustats Music: Melody Of My Dreams by Whitesand https://www.youtube.com/watch?v=Si89RLFreaw Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 240221 WawamuStats
Per Capita GDP
Views: 23421 ecopoint
GDP & GDP per capita
"What does GDP even mean? I am so confused!" If you've uttered these words before, then watch this movie. You'll be glad you did!
Views: 31404 Obertopia
GDP and GDP Per Capita
This short topic video looks at the difference between GDP and GDP per capita. For more help with your A Level / IB Economics, visit tutor2u Economics http://www.tutor2u.net/economics If you find this topic video helpful, please SUBSCRIBE to our YouTube Channel For more help with Economics: Follow tutor2u Economics on Twitter: https://twitter.com/tutor2uEcon https://twitter.com/tutor2uGeoff - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 23870 tutor2u
What is GDP, GNP, NDP, NNP and Per Capita Income ?
This Video Explains the Concepts of Gross Domestic Product, Gross National Product, Net Domestic Product, Net National Product and Per Capita Income. To Prepare for Central and State Civil Services Exam, Download the PrepMate Android App https://play.google.com/store/apps/details?id=in.prepmate.mobile https://prepmate.in/ Want to know How PrepMate-Cengage Book Series Performed In Prelims 2018? - Out of 100 questions, 65 questions were covered completely - 43 questions' statements were ditto as written in the books - 11 Questions were covered partially To see the full details, click on the link given below: https://prepmate.in/app/uploads/2018/06/2018-Prelims-Detailed-Solutions-along-with-Source-Analysis-.pdf To Order Prepmate Cengage Book Series, Visit The Link Given Below:- https://prepmate.in/books/
Views: 64980 PrepMate Edutech
Top 10 African Countries with the RICHEST Population; GDP Per Capita PPP
There are two ways to measure GDP (total income of a country) of different countries and compare them. One way, called GDP at exchange rate, is when the currencies of all countries are converted into USD (United States Dollar). The second way is GDP (PPP) or GDP at Purchasing Power Parity (PPP) Ensure you SUBSCRIBE -- https://goo.gl/jYw6so GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. In this video we have; 1. Equatorial Guinea 2. Seychelles 3. Mauritius 4. Gabon 5. Botswana 6. Algeria 7. South Africa 8. Egypt 9. Tunisia 10. Namibia ............................ Algeria, Angola,Benin,Botswana, Burkina Faso, Burundi, Cabo Verde,Cameroon,Central African Republic (CAR), Chad, Comoros,Democratic Republic of the Congo,Republic of the Congo,Cote d'Ivoire, Djibouti, Egypt,Equatorial Guinea, Eritrea, Eswatini (formerly Swaziland), Ethiopia,Gabon,Gambia,Ghana,Guinea,Guinea-Bissau,Kenya,Lesotho,Liberia,Libya,Madagascar, Malawi, Mali, Mauritania, Mauritius,Morocco,Mozambique,Namibia,Niger,Nigeria, Rwanda, Sao Tome and Principe, Senegal,Seychelles,Sierra Leone,Somalia,South Africa,South Sudan, Sudan,Tanzania,Togo,Tunisia,Uganda,Zambia,Zimbabwe
Views: 14851 African Insider
European GDP Per Capita Ranking by Countries
[Data Visualization] The dynamic graph shows GDP per capita of European Countries from 1980 to 2023. 👍 Top 20 Market Capitalization of Listed Domestic Companies (% of GDP) https://youtu.be/Df0kNVu4pEI 👍 Top 10 Military Expenditure Countries History (1960-2017) https://youtu.be/4L2QM8xiaTk 👍 Top 10 Country Road Injury Accidents History (2000-2017): https://youtu.be/tFfKZpm35GE 👍 Top 10 Olympic Gold Medal Country (1896-2016): https://youtu.be/d8CKzA5Ko7M 👍 Top 10 Richest People In The World (1996-2018): https://youtu.be/ElaOQmqGDDw 👍 Top 10 Biggest US Company by Revenue (1955-2018) https://youtu.be/7PEaEwptGQc 👍 Top 10 Patent Application Country History (1960-2016): https://youtu.be/5t_aG3McAYA 👍 Top 10 populated city of US (1950-2030): https://youtu.be/h7UvJtuLG8g #ThaLoStats #DynamicGraph #gdppercapita Data taken from: imf.org ---- Facebook: https://www.facebook.com/ThaloStats
Views: 6555 ThaLoStats
Top 15 Countries by GDP per capita (1970-2017)
Top 15 countries by GDP per capita except tax haven. Countries less than 1 million population considered as tax haven. Datasource: http://data.un.org/ Music: "Ibn Al-Noor" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ "Angevin B" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Views: 893551 TheRankings
Top 20 Country GDP (PPP) Ranking History (1980-2023)
This video shows the Top 20 countries with highest GDP PPP from 1980 to 2023. The ranking includes superpowers, such as United States, China, Japan, India, and Germany. It also compares the total GDP (PPP) of different continents from the Top 20 countries, mostly North America, Europe, and Asia. Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power. Twitter: twitter.com/wawamustats Facebook: fb.me/wawamustats Music: Home by Whitesand https://www.youtube.com/watch?v=3r8gL1vWGx0 Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 1964731 WawamuStats
What The Heck Is GDP?
GDP, GNP – what does it all mean? Jonathan explains what economists mean when they bring up these common economic indicators. Learn more at HowStuffWorks.com: http://money.howstuffworks.com/gross-national-happiness.htm Share on Facebook: Share on Twitter: Subscribe: http://goo.gl/ZYI7Gt Visit our site: http://www.brainstuffshow.com OK, let’s say you’ve just gotten a job offer to work in the majestic country of Bumpsylvania. Awesome, right? You’ve always wanted to live amongst the scenic Bumpsylvanian swamplands and hear the local ghost toads sing their famous mating screech. But before you pony up the $549.95 for Rosetta Stone: Bumpsylvanian Edition, you want to do a little research on the economic health of this country. So you ask your friend the economics professor: How is the economy of Bumpsylvania doing these days? One number that will almost definitely figure into her reply is the country’s GDP. This stands for Gross Domestic Product. GDP is a common measure that’s used to roughly represent the size of a country’s economy. The way you calculate GDP is both simple as a general principle, and complicated in the details. The simple version is that GDP is the value of all the goods and services produced within a country in a given period of time, such as a financial quarter or a year. So if we look at Bumpsylvania, we can calculate its yearly GDP by adding up the dollar-value of all the stuff it creates: All the pork sandwiches, shoe shines, fashion magazines, bullets, massages, motorcycles, jiu-jitsu classes, ghost toad swamp tours, and, of course, traditional, Bumpsylvanian-style wooden hats. Every item, product or service brought to market by workers or other economic resources located inside the country in that year is part of the GDP. Coming up with this figure is not as easy as it sounds. GDP is actually a highly complex and abstract statistical instrument that takes some real work to calculate. Just one example of the many complications: Let’s say somebody cuts down some swamp trees and turns those trees into lumber, and then sells that lumber to a haberdasher who turns it into a traditional, Bumpsylvanian-style wooden hat. Do you count the sales of both the lumber _and_ the hat? Well, no, because GDP is a measure of the final value of goods and services. So if you counted the sale of the wood to the hat-maker and the sale of the hat, you’d be counting the same value twice. The value of the wood gets wrapped into the final value of that gorgeous, gorgeous headgear. GDP is probably the most important measure of the size and performance of an economy, but it’s not the only one. There’s also GNP, which is related, but slightly different. GNP stands for gross national product. The difference is that GNP is the value of all the products and services produced by a country’s residents, even if production takes place outside of the country. So if a Bumpsylvanian business has a factory making wooden hats in another country, the output of that factory would be included in Bumpsylvania’s GNP, but not its GDP. While GDP is a widely used indicator of economic strength, many critics point out that it’s not necessarily the best indicator of the “real” health of a nation. For example, a country with a large, growing GDP might look strong on paper, but what if that number is masking vast income inequality – a productive economy based on huge amounts of low-wage labor? Of course by comparing GDP with other pieces of data, you can do more with the figure. A simple example would be comparing GDP with population to come up with Per Capita GDP (which means economic value per person). So for example, according to the World Bank, in 2013, China’s GDP was a massive $9.2 trillion. Compare that to Luxembourg’s relatively small GDP of $60 billion. Yet in the same year, China’s GDP Per Capita was only about $6,800, while Luxembourg’s was more than 16 times that, at about $110,000. So while China’s economy is certainly much larger, it looks like each individual citizen, on average, is better off in Luxembourg. Financially speaking, that is. SOURCES: http://www.britannica.com/EBchecked/topic/246663/gross-national-product-GNP http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm http://www.britannica.com/EBchecked/topic/246647/gross-domestic-product-GDP http://money.howstuffworks.com/gross-national-happiness.htm/printable http://www.nytimes.com/2013/10/05/world/asia/index-of-happiness-bhutans-new-leader-prefers-more-concrete-goals.html?_r=0 https://books.google.com/books?id=V5IpAgAAQBAJ&printsec=frontcover&dq=how+to+calculate+gnp&hl=en&sa=X&ei=QlVyVZH1CJKFyQTo-4D4CQ&ved=0CDYQ6AEwAg#v=onepage&q=how%20to%20calculate%20gnp&f=false http://data.worldbank.org/indicator/NY.GDP.MKTP.CD http://data.worldbank.org/indicator/NY.GDP.PCAP.CD http://www.factcheck.org/2008/02/gdp-vs-gnp/
All Countries GDP (PPP) Per Capita Comparison (2018)
This video shows a comparison of GDP per capita (PPP) among all countries in 2018. The poorest and richest countries from each major regions and continents are also shown at the bottom of the video. This video includes a total of 184 countries which are officially recognized by the United Nations. (Some countries are excluded because they do not have official data) Twitter: twitter.com/wawamustats Facebook: fb.me/wawamustats Source: IMF (World Economic Outlook) Special Thanks to Our Patron: C&MHansen Music: Peter Roe Spotify: https://goo.gl/iF9nws Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 67690 WawamuStats
Top 15 Countries/Regions by GDP Per Capita, PPP (1990-2017)
This video ranks the top 15 countries/regions by GDP per capita, PPP, from 1990 to 2017. Data Source: https://data.worldbank.org/ Music: Slow Times Over Here by Midnight North Please like if you enjoyed the video and subscribe to see more of these videos!
Views: 6378 DataRanker
Top 10 Post-Communist Countries of Europe GDP (PPP) Per Capita Comparison
Which post-communist economy performed the best during the last 25 years? What statistical data tells us about the journey of these young democracies. Let's see and discuss. CAUTION: 1. There were no data available for Slovenia, Croatia, Latvia, Lithuania, and Estonia until 1995. In these cases, the average growth rate of the nearest region was used to calculate the estimated value. In the case of Estonia, data are shown from 1993, since no similar region is present due to geographical placement. 2. The comparison includes Albania, North Macedonia, Montenegro, Serbia, Bosnia and Herzegovina Slovenia, Lithuania, Latvia, Estonia, Hungary, Slovakia, Czech Republic, Poland, Croatia, Bulgaria, Romania, Moldova, Belarus, Russia, and Ukraine. Some never made it to the Top 10 during the time period. 3. GDP (PPP) is a measure which consists of crude income compared to prices of goods in countries or regions. Value widely represents the economic position of individuals and is usually considered as a pretty accurate statistic. Numbers may vary from one source to another based on a methodical approach to the collection of data. 4. Numbers present are the average of all individuals including children, students, unemployed and retired expressed in international USD value to date (19.04.2019). World bank data were used, please visit www.worldbank.org. Music: Aakash Gandhi - Journeyman Hit the like button if you liked the video and don't forget to subscribe for more interesting statistics!
Views: 1080 Lionwork Statistics
2018 World GDP PPP Per Capita TOP20
Source - International Monetary Fund World Economic Outlook (April - 2018)
Views: 1623 BTW
Top 15 Country by GDP Per Capita Ranking History (1970-2017)
GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. In this video, we will see the top 15 country by GDP per capita from 1970 to 2017. Data are in current U.S. dollars More videos: https://bit.ly/2LnrvEx Subscribe: https://bit.ly/2VOackb 🔔 Turn on the notifications and never miss a video. Facebook: https://www.facebook.com/StatsTubeProduction/ Twitter: https://twitter.com/stats_tube 📊 DATASOURCE The World Bank United Nations Wikipedia 🔊 MUSIC YouTube Audio Library (https://www.youtube.com/audiolibrary/music) Icons made by Freepik & Roundicons from www.flaticon.com Free stock background from https://www.pexels.com Thanks for watching. If you enjoyed while watching this video, please do not forget to hit that SUBSCRIBE button, LIKE the video and let us know what were your impressions in the COMMENTS down below. © 2019 Stats Tube // All rights reserved.
Views: 1886 StatsTube
GDP Per Capita comparision: Nepal, Sri Lanka and Singapore
This dynamic graph shows GDP per Capita of the three countries over the period of 1960-2018. Music: https://www.bensound.com ©Some Rights Reserved
Views: 312 Dimanjan Dahal
Top 20 Economies 2019 (GDP Per Capita)
A country’s Gross Domestic Product (GDP) per person is obtained by dividing its GDP for a particular period by its average population for the year. GDP refers to the total value of final (as opposed to interim, or work-in-progress) goods and services produced within a country’s borders during a specific calendar period such as quarterly or annually. While GDP is the most widely used measure of a country’s economic activity, per capita GDP is a better indicator of a nation’s living standards since it adjusts for population. Contacts: Facebook - https://www.facebook.com/TheDrTop10 Twitter - https://twitter.com/DR_TOP_10 Instagram - https://www.instagram.com/dr_top_10 Subscribe here : https://www.youtube.com/drtop10?sub_confirmation=1 Source: https://www.imf.org #top10 #top10economies #top10gdp2019
Views: 4530 Dr. Top 10
Top 10 Countries by GDP per Capita (1960-2017)
This video shows the countries with the highest Gross Domestically Product, or GDP, per capita. GDP is a measure of the value of all products and services produced in a country for a given year. Generally speaking, a country with a higher GDP is considered wealthier than one with a low GDP, but you also have to consider the population of the country. Therefore, GDP per capita is often a better measurement for the countrys well being. Disclaimer: Territories are not included in this video, only the 195 UN members/observers as well as Taiwan and Kosovo. Music: https://www.bensound.com/royalty-free-music Data source: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD
Views: 15348 LivelyData
GDP per Capita - TOP 20 Countries (World Bank)
-What is Gross Domestic Product? -What is GDP per Capita? Subscribe for more awesome dynamic statistics! https://www.youtube.com/channel/UCAFb4p0Xn19QIbz2V6I3pKg?sub_confirmation=1 Credits: https://public.flourish.studio/visualisation/298699/ Source: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2017&start=1960&year_high_desc=true #Statistics #RacingStats #DynamicGraphs
Views: 2290 Racing Statistics
TOP 20 European Countries by GDP per capita💲(2018)
🌍Top 20 European Countries by Nominal GDP Per Capita 2018
Views: 1055 AM Edits
Explaining Gross National Income
Explaining Gross National Income Start your Business Today and change your life , Check this free Gift http://bit.ly/2oMRoPz Now !
Views: 18721 THINK & GROW RICH
All European Union Countries GDP (Nominal) Per Capita Comparison (1970-2017)
How did all European Union countries developed over measured time? How did the financial and European debt crisis affect the development of these countries? Let's find out and discuss. CAUTION: 1. There were no data available for post-communist countries until the date of their transformation or until the first measurement by the World Bank. 2. Great Britain is included since it didn't leave by the year of 2017. 3. GDP (Nominal) is a measure which consists of gross domestic product divided by the population. Value briefly represents the economic position of individuals but does not take into consideration the prices of goods within specific countries or regions. Numbers may vary from one source to another based on a methodical approach to the collection of data. 4. Numbers present are the average of all individuals including children, students, unemployed and retired expressed in international USD value to date (21.04.2019). 5. Data for Cyprus were available from 1975. Estimating the value from 1970 - 1974 would lead to misleading numbers since no similar region is part of the Union. Malta is a differently developed country and wasn't used to estimate Cyprus standing. 6. Current integration progress was taken into account which means the EU consists of 28 sovereign countries closely integrated and cooperating on various levels. Candidate countries were not taken into comparison. World bank data were used, please visit www.worldbank.org. Music: AShamaluevMusic - Epic Inspirational and Cinematic Motivational Background Music Hit the like button if you liked the video and don't forget to subscribe for more interesting statistics!
Views: 582 Lionwork Statistics
Y1/IB 4) Measures of Economic Growth - GDP, GDP/Capita, GNI, Green GDP
Measures of Economic Growth - GDP, GDP/Capita, GNI, Green GDP. A video covering Measures of Economic Growth - GDP, GDP/Capita, GNI, Green GDP Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 64847 EconplusDal
Top 20 Economies 2019 (GDP PPP)
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income. (top 10 economies) It is however limited when measuring financial flows between countries and when comparing quality of same goods among countries. PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. (gdp 2019)These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods. (top 10 countries)This video is made by Dr Top 10 and contain Information taken from IMF 2019 Gdp Report and Projections and This video contains the gdp ppp in 2019 of future superpowers like india, china, japan, germany etc and current superpower like US. #top10 #top10economies #gdpppp
Views: 316438 Dr. Top 10
Nominal vs. Real GDP
"Are you better off today than you were 4 years ago? What about 40 years ago?" These sorts of questions invite a different kind of query: what exactly do we mean, when we say “better off?” And more importantly, how do we know if we’re better off or not? To those questions, there’s one figure that can shed at least a partial light: real GDP. In the previous video, you learned about how to compute GDP. But what you learned to compute was a very particular kind: the nominal GDP, which isn’t adjusted for inflation, and doesn’t account for increases in the population. A lack of these controls produces a kind of mirage. For example, compare the US nominal GDP in 1950. It was roughly $320 billion. Pretty good, right? Now compare that with 2015’s nominal GDP: over $17 trillion. That’s 55 times bigger than in 1950! But wait. Prices have also increased since 1950. A loaf of bread, which used to cost a dime, now costs a couple dollars. Think back to how GDP is computed. Do you see how price increases impact GDP? When prices go up, nominal GDP might go up, even if there hasn’t been any real growth in the production of goods and services. Not to mention, the US population has also increased since 1950. As we said before: without proper controls in place, even if you know how to compute for nominal GDP, all you get is a mirage. So, how do you calculate real GDP? That’s what you’ll learn today. In this video, we’ll walk you through the factors that go into the computation of real GDP. We’ll show you how to distinguish between nominal GDP, which can balloon via rising prices, and real GDP—a figure built on the production of either more goods and services, or more valuable kinds of them. This way, you’ll learn to distinguish between inflation-driven GDP, and improvement-driven GDP. Oh, and we’ll also show you a handy little tool named FRED — the Federal Reserve Economic Data website. FRED will help you study how real GDP has changed over the years. It’ll show you what it looks like during healthy times, and during recessions. FRED will help you answer the question, “If prices hadn’t changed, how much would GDP truly have increased?” FRED will also show you how to account for population, by helping you compute a key figure: real GDP per capita. Once you learn all this, not only will you see past the the nominal GDP-mirage, but you’ll also get an idea of how to answer our central question: "Are we better off than we were all those years ago?" Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/24pzD7X Next video: http://bit.ly/1TGgR8r Help us caption & translate this video! http://amara.org/v/H0PX/
Top Countries by GDP Per Capita Over 200 Years (1800-2016) | The Wealth of Nations (Narrated)
If you would like to take a deeper dive into the data, visit http://nobledatum.com/thewealthofnations Look at the economic history of the world, from 1800-2016 through the lens of GDP per capita. If you would like to learn more about Economic History, check out these books: The Ascent of Money: https://amzn.to/2DhupUS A Little History of Economics: https://amzn.to/2Gev2zj From the industrial revolution, through the great depression, all the past the 2008 financial crises. What caused great prosperity, what caused great economic downfalls? How has inequality, and economic activity changed. We try to answer these questions. All values in this video were adjusted for inflation relative to the US dollar in 2011. Correction: WW2 started in 1939, not 1935. Visualization created using Flourish Studio: https://flourish.studio/2019/03/21/bar-chart-race/ Data from the Madison Historical Project: https://www.rug.nl/ggdc/historicaldevelopment/maddison/releases/maddison-project-database-2018 Supplementary Data from the World Bank: https://data.worldbank.org/ Music credit to Bensound: https://www.bensound.com/royalty-free-music Narration from Amazon Polly: https://aws.amazon.com/polly/ Credit to Matt Navara for creating the bar chart race: https://twitter.com/MattNavarra Definitions: Gross Domestic Product (GDP): Measurement of a nation’s overall economic activity. It is the total sum of all finished goods and services created within a nation. GDP Per Capita: The total sum of a nations GDP divided by the population. Inflation: The rate at which the price of a basket of goods is increases. Usually expressed as a percentage. Transcript: We start in 1800, midway through the industrial revolution. A spark ignited in the United Kingdom, that would gradually spread unprecedented prosperity throughout the world. At this time, unprecedented wealth means that the average person in the UK produced less than $6 of economic activity a day. However, this makes them 3 times wealthier than the average Polish resident. Who produced less than $2 a day. In 1815 the Napoleonic wars come to an end. Mainland Europe begins to rebuild and take part in the industrial revolution. In 1833, Slavery is finally abolished in the United Kingdom In 1845, Ireland was hit by the Potato Famine. Over 1 million Irishmen to emigrate to the U.S., U.K. and Australia. During this time, over 3 million people would immigrate from Europe to these 3 countries. In 1850 gold is discovered in Australia sparking a gold rush. The gold rush will eventually fuel a speculative boom in the property market. At this point, the citizens in the top 3 countries produce just over $10 a day. While working an average, of 60 hours a week. Which is considered luxurious, because in Belgium, the average employee works over 70 hours a week, to produce 23% less in economic activity. In 1890 Australia’s property boom collapses. Australia’s federal bank falls and sets off a series of bank failures throughout the continent. From 1900 to 130 the US sees widespread adoption of electricity. The average US citizen is now the wealthiest in the world, producing more than $20 a day. In 19313 the United States establishes the federal reserve. And in 1914, the world descends into the first world war. Cheap credit from central banks fuel the economic boom known as the Roaring twenties. Cheap credit eventually collapses the economy, and in 1929, the world enter the great depression. In 1933 FDR signs The New Deal And in 1935 the world falls back into the second world war. The U.S. exits the war with incredible and sustained economic growth. The era is marked by massive leaps in technology, productivity and culture. It will come to be known as the golden age of capitalism. In 1960, several of the top oil producing nations come together to form OPEC. Starting in 1973, politics within OPEC force oil prices to rise from $3 to $28 a barrel, by the end of the decade. Western countries start demanding less oil, which leads to a massive oversupply. In 1980 oil prices begin to crash. However, the UAE successfully diversifies their economy. They are no longer entirely reliant on the price of oil. 9/11 2001, terrorists strike the world trade center. 2 years later the US invades Iraq, making oil prices spike once again. This lasts until the housing market crashes, sparking the global financial crises, and oil prices begin to fall. This brings us to current times. Global GDP per capita is now $17,300. According to the World Bank, 101 out of 183 countries are now considered "high" or "upper middle income" But 50 are still poorer than the U.S. was in 1800 at the beginning of this video
Views: 46024 Noble Datum
What is Gross Domestic Product (GDP)?
Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed? The cashier is computing a very important number: gross domestic product, or GDP. GDP is the market value of all finished goods and services, produced within a country in a year. But, what does "market value" mean? And what defines a "finished good"? These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour. In this video, join us as we show you how to make sense of this important economic indicator. You’ll learn how GDP is computed, and you’ll get answers to some pretty interesting questions along the way. Questions like, “Why are the eggs in my homemade omelet part of the GDP, but the eggs my baker uses are not? Why does my bottle of French wine contribute to France’s GDP, even if I bought it in the United States?” Most importantly, you’ll also learn why polar bears aren’t part of the GDP computation, even if they’re incredibly cute. So, buckle in for a bit—in the following videos we’ll dive into specifics on GDP. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1p4ZtxL Next video: http://bit.ly/1mY2bn0 Help us caption & translate this video! http://amara.org/v/HZv3/
Real GDP Per Capita
Link to guided notes: https://docs.google.com/document/d/15_ME7w55mM_9ZVS7n2tInPacSeVGEd1Dm8r-Cjj-hLg/edit?usp=sharing Subscribe and hit the bell to see a new videos. Subscribe here ►https://goo.gl/7sNYbR
Views: 657 Mr. Sinn
Per capita Income | Meaning | Formula | Benefits | Reason | In Hindi.
Per capita Income | Meaning | Formula | Benefits | Reason | Meaning Per capita income or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population Formula Per capita income is National income Total population Benefits or Reasoning Per capita income is often used measure an area's average income. This is used to see the wealth of the population with those of others. Per capita income is often used to measure a country's standard of living. It is usually expressed in terms of a commonly used international currency such as the euro or United States dollar, and is useful because it is widely known. This helps to ascertain a country's development status. It is one of the three measures for calculating the Human Development Index of a country
Views: 14809 Smart Education
How to Calculate Nominal GDP & GDP per capita
macroeconomics Portugal
Views: 2245 TRAVIS KLEIN
What is GDP Telugu | Gross Domestic Product (GPD) | GDP explanation
#WhatisGdp #GrossDomesticProduct Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP and the same is called Mean Standard of Living. GDP is considered the "world's most powerful statistical indicator of national development and progress". how to Calculate GDP.... INDIA GDP VALUE... Latest GDP results.... Gross Domestic Product..... ఈ వీడియో మీకు నచ్చినట్లేతే like చెయ్యండి అలాగే మా ఛానల్ subscribe చెయ్యడం మర్చిపోకండి...plz share my video
Views: 920 Daddu Official
Calculation of per capita GDP
Sample calculation of per capita GDP. For www.inflateyourmind.com, Principles of Macroeconomics by John Bouman.
Views: 14239 John Bouman
GDP Simplified for Competitive Exams: Growth Rate, Deflator, MV=PY, GNP, NNP, Per Capita Income
In this lecture, we'll learn the meaning and computation methods of gross domestic product (GDP), including 1) income method 2) Expenditure method 3) gross value added method- with their textbook formulas vs. real life formulas by central statistical office (CSO). We'll also learn, the growth rate puzzles in the third and fourth quarters in 2016-17, after the demonetization vs. the theoretical foundations of MV=PY. Misc: terms- Gross National Product (GNP), National National Product, per capita national income, Net Disposable Income Plus, Gross Happiness Index by UN’s Sustainable Development Solutions Network (SDSN) and India's latest ranking in 2017. - Faculty Name: You know who - All Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 232338 Mrunal Patel
How GDP is calcualted in India | National Income | Gross Domestic Product Calculation
Support us : https://www.instamojo.com/@exambin/ Download our app : http://examb.in/app GDP or National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time. While uncoding the definition we can easily figure out what is GDP. Measuring the level and rate of growth of national income (Y) is important for keeping track of: • The rate of economic growth • Changes to living standards • Changes to the distribution of income between groups within the population Gross Domestic Product • Gross domestic product (GDP) is the total value of output produced in a given time period • GDP includes the output of foreign owned businesses that are located in a nation following foreign direct investment. For example, the output produced at the Nissan car plant in Chennai contributes to the India’s GDP how gdp is calculated in india,how gdp is calculated There are three ways of calculating GDP - all of which in theory should sum to the same amount: National Output = National Expenditure (Aggregate Demand) = National Income (i) The Expenditure Method - Aggregate Demand (AD) The full equation for GDP using this approach is GDP = C + I + G + (X-M) where • C= Consumer spending • I = Investment (Gross fixed Capital Formation) • G= Government Spending • X= Exports • M= Imports ii. The Income Method – adding together factor incomes GDP is the sum of the incomes earned through the production of goods and services. This is: how gdp is calculated in india with example,gdp of india Income from people in jobs and in self-employment (e.g. wages and salaries) • + • Profits of private sector businesses • + • Rent income from the ownership of land • = • Gross Domestic product (by sum of factor incomes) Every year, billions of pounds worth of activity is not declared to the tax authorities. This is known as the shadow economy. And the money involved is commonly known as Black Money. Published figures for GDP by factor incomes will be inaccurate because much activity is not officially recorded. iii. GDP by Output (Value Added) Gross Value Added and Contributions to a nation’s GDP • There are three main wealth-generating sectors in an economy – manufacturing and construction, primary (including oil& gas, farming, forestry & fishing) and a wide range of service-sector industries. • This measure of GDP adds together the value of output produced by each of the productive sectors in the economy using the concept of value added. . gdp full form, gnp and gdp Value added is the increase in the value of goods or services as a result of the production process Value added = value of production - value of intermediate goods Say you buy an Onion Dosa from a restaurant for Rs.60/-. This is the retail price and will count as consumption. The Dosa has many ingredients at stages of the supply chain – Rice Growing farmers, Batter Makers, Onion Producers, Various Masala Ingredient Makers and also the value created by the restaurant as they put the Dosa together and deliver to the consumer. Manufacturing & Industrial Manufacturing is one of the production industries, which also include mining, electricity, water & waste management and oil & gas extraction. In 2016, the Indian manufacturing and Industrial sector accounted for 29% of total Indian GDP. national income,how gdp affects the economy,how gdp growth rate is calculated Manufacturing in the World Economy • The creative force behind 10bn unique products • It accounts for 15-20 per cent of world economy • It employs roughly about 5 pc of world population) The main service sector industries in India are: gdp how to calculate,how gdp is calculated in india, • The majority of Indian GDP comes from service industries such as banking and finance, software, tourism, retailing, education and health. In 2016, the service sector accounted for 54% of economic output, the Industry and manufacturing sector for 29% and the Agriculture sector for 17%. Agricultural and Allied Sector : gdp explained in telugu,gdp explained in tamil,gdp in simple language,gdp in simple words,gross domestic product,gross domestic product explained,Gross Domestic Product Calculation Agriculture sector includes Agriculture (Agriculture proper & Livestock), Forestry & Logging, Fishing and related activities AND its accounted for 17% of INDIA GDP 2016   Per Capita Gross National Income How much does each person earn on average? We use per capita measures to give us a guide to this. Income per capita is a way of measuring the standard of living for the inhabitants of a country. Gross National Income per capita = Gross National Income / Total Population
Views: 8184 Exambin
Source - International Monetary Fund World Economic Outlook (April - 2018)
Views: 245 BTW
ASEAN GDP (PPP) per Capita Comparison (1990-2023)
1990-2017 Data from World Bank: https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?view=chart, 2018-2023 Estimate, Data from IMF's World Economic Outlook (WEO): https://knoema.com/pjeqzh/gdp-per-capita-by-country-statistics-from-imf-1980-2023 Music by Bensound: https://www.bensound.com/royalty-free-music
National Income Basic Concepts TNPSC Indian Economy in Tamil
GDP GNP NDP NNP Percapita Income
Views: 4300 Nochi The boss
GDP vs GDP per capita and standard of living
The GDP vs GDP per capita and how that affects the standard of living
Views: 2292 justin925100
INDIA vs CHINA Economy, Per Capita Income (PPP) Growth since 1800 to 2018.
IIGE Present India vs China Economy, Per Capita Income (PPP) Growth since 1800 to 2018. Data Source: IIGE DataBank (https://iige.co/data-bank/)
Views: 475 IIGE
Growth in GDP per capita in South Asia
This video displays the growth in GDP per capita (current US $) in South Asia between 2001 and 2016. Throughout this period, Nepal’s GDP per capita is the second lowest in the region. www.nepalindata.com
Views: 3488 Nepal in Data
1. Measurement of Growth National Income and Per Capital Income  RBI Grade B Phase 2 Video/GDP/GNP
This is the first topic of the RBI Grade B DR Phase 2, Paper I (Economic and Social Issues). https://www.youtube.com/channel/UCjVaSPd9k6NrGkyEnb-Vzkg?sub_confirmation=1 In this video I have explained in detail about various terms used in national income like factor cost, market cost, flow and stock method etc. Then definition of national income, methods of calculation of national income viz. Value added method, Income method and Expenditure Method. Then the definition of Gross Domestic Product (GDP), Net Domestic Product (NDP), Gross National Product (GNP) and Net National Product (NNP), how they are calculated. Then the explanation of Per Capital Income, how it is calculated? I have also explained about, nominal income, real income and disposable income. Then the video explains about the transition in the share of various sector in the GDP, and limitation in national income estimation in India. Although, the video has been made for RBI Grade B Dr exam, it is highly useful for Macro Economics of Class XII and MBA programmes. the meaning and computation methods of gross domestic product (GDP), including 1) income method 2) Expenditure method 3) gross value added method- with their textbook formulas vs. real life formulas by central statistical office (CSO). We'll also learn, the growth rate puzzles in the third and fourth quarters in 2016-17, after the demonetization vs. the theoretical foundations of MV=PY. Misc: terms- Gross National Product (GNP), National National Product, per capita national income, Net Disposable Income Plus, Gross Happiness Index by UN’s Sustainable Development Solutions Network (SDSN) and India's latest ranking in 2017. How the GDP is calculated? How per capita income is calculated? What is value added method of GDP? What is the Income Distribution Method of GDP calculation? What is the Final Expenditure Method of GDP calculation? Limitation of National Income Estimation in India? Books for RBI Grade B Phase 2 Exam/ RBI Grade B Phase II National Income Class 12 National Income economics. National Income Accounting. GDP Calculation method in India. Per Capita Income, Per Capita GDP. Methods of GDP Measurement. Nominal Income and Real Income. How GDP Is calculated in India with example. How GDP affects the economy. How GDP is Measured? SYLLABUS of RBI Grade B and Books for RBI Grade B Phase II (Phase-II) Paper-I - Economic and social Issues: Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues. Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Co-operation. Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice : Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education. Suggested reference material: Books: 1. Indian Economy: Uma Kapila.(Series of Books) 2. Indian Economy: Mishra Puri. (Latest Edition) 3. Growth And Development: Devraj Ray 4. Sociology: C.N. Shankar Rao News Papers: 1. Economic Times 2. Hindu 3. Business Standard Weekly/Monthly Magazines/Bulletins /Reports: 1. Economic and Political Weekly 2. Southern Economist 3. Yojana 4. Business India 5. RBI Bulletins Reports: 1. World Development Report 2. Economic Survey of India
GDP of Pakistan, Growth rate & GDP per capita | Pakistan economy.
#BeGharzPakistan video is made after hardwork kindly like it and subscribe this channel: https://www.youtube.com/channel/UCWdShDga-9QO0Cco18R1pyg Is video ko bht mhnt se banay gya ha lzmi like karay or zrur subscribe kray. OR ap hamry whatsApp me add ho sktay hain: https://chat.whatsapp.com/51h0hzSN67S3edDfbXcPVb YOU can join us on WhatsApp: https://chat.whatsapp.com/51h0hzSN67S3edDfbXcPVb
Views: 3117 BeGharz Pakistan
Fundamentals of Macroeconomics Unit:  GDP per capita
Your IB Economics Course Companion! This is video 8 of 12 videos in "The Fundamentals of Macroeconomics Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v As a teacher of IB Economics in Santiago, Chile, these videos were created to help students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other Economics students around the world. Check out all of the Macroeconomic playlists… Fundamentals of Macroeconomics Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v Aggregate Demand and Aggregate Supply Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGyyUCGXdTWNgfkKJ9_0l6q Macroeconomic Equilibrium Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGZBoaxdZHC9mokrwtXT4Xg Low Unemployment Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCxtc5-8q_AJseZFYbVeA4 Low and Stable Rate of Inflation Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGfCtnjSTIPQhZkZxzZM2Pf Economic Growth Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFxkSsb8p3fCrx0Z3i59REX Equity in the Distribution of Income Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEFqlgvMNOhJ3pei2zXyuhD Fiscal Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGCPnKi4Er5FH8s_SV_WXH3 Monetary Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCISVn47ZJzL7qx291zlS7 Supply-Side Policies Series https://www.youtube.com/playlist?list=PLNI2Up0JUWkGczuu4Frzrw9oBgp2GU4e5 Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 2398 Econ Course Companion
What is GDP ? | How to calculate GDP ?? Hindi Explained.
What is GDP ? | How to calculete GDP ?? Hindi Explained. Hello Friends.... This video is for Basics of GDP, Easy to understand hope you like. Please share this knowlage with your friends. ** Got Copyright on my #Vlog7 !! Link :- https://www.youtube.com/watch?v=wh4QaWd0ZDM Copyright Vlog Link : https://www.youtube.com/watch?v=hUoHC... Gears I Used for this Videos & Other Best buy Links. 1. Tripod :http://amzn.to/2nHXJ03 2. Mini Tripod : http://amzn.to/2nHWXjs 3. Mobile Camera : http://amzn.to/2mMw12R, http://amzn.to/2nI2ir9 4. Best Buy Links For Camera : http://amzn.to/2mMBW89 5. 32 GB Memory Card : http://amzn.to/2neLWmR 6. My Selfie Stick : http://amzn.to/2nI61VF #vlog 3 | New Logo Risinginfo | Google Adsence Link : Benefits of Cashless Economy : https://www.youtube.com/watch?v=IGlaX... 1st Vlog Celebration of Ganesh Chaturthi #RisingInfo https://www.youtube.com/watch?v=CrzcU... Thank you for watching. Share my videos with your friends, to get update please subscribe now, ▷ CONNECT with us!! : Web Site ♥ Subscribe : http://www.youtube.com/c/RisingInfo ♥ Facebook : https://goo.gl/1p38so ♥ Twitter : https://twitter.com/RisingInfoKittu ♥ Instagram : https://www.instagram.com/risinginfo/ ♥ Google + : https://plus.google.com/u/0/+RisingInfo ♥ BUSINESS INQUIRY ♥ [email protected] DISCLAIMER: The information provided on this channel and its videos is for general purposes only and should NOT be considered as professional advice. We always try our best to provide accurate information and sound advice but please note that we are not a licensed professional or a medical practitioner so always make sure you consult a professional in case of need. All products/services reviewed on this channel have been purchased by me unless stated otherwise. We always try to keep our channel and its content updated but we cannot guarantee it. All opinions expressed here are our own and we are not compensated by any brand, advertiser, PR representative or affiliate for the same unless explicitly stated in our videos and/or description box. We never try to push products on anyone but we do make recommendations based on our personal experience. In case you need to use our content for any purpose please write to us -: [email protected]
Views: 113272 RisingInfo
Top 15 countries by GDP(PPP) Per Capita (1980-2021)
The dynamic graph is showing GDP Per Capita at Purchasing Power Parity of the top 15 countries over a period of 42 years from 1980 to 2021 in the current international dollar. Data for making the graph is taken from The World Economic Outlook which is a survey conducted and published by the International Monetary Fund (IMF). Graph bars with the same color mean countries belong to the same continent. #trending #gdp #youtube
Views: 591 Statistify
GDP, GDP Per Capita, and the Standard of Living
Justin Hendrickson Econ Period 1 - created at http://goanimate.com/
Views: 7405 itsjustinhendrickson
Income per Person (GDP per capita) by Country 1800-2018
Subscribe for more data visualizations :) ► Music Credit: LAKEY INSPIRED Track Name: "Better Days" Music By: LAKEY INSPIRED @ https://soundcloud.com/lakeyinspired Original upload HERE - https://www.youtube.com/watch?v=RXLzv... Official "LAKEY INSPIRED" YouTube Channel HERE - https://www.youtube.com/channel/UCOmy... License for commercial use: Creative Commons Attribution 3.0 Unported "Share Alike" (CC BY-SA 3.0) License. Full License HERE - https://creativecommons.org/licenses/... Music promoted by NCM https://goo.gl/fh3rEJ
Views: 917 Datagasm
Top 20 Country GDP per capita (1960-2023)
Music: Journeyman by Aakash Gandhi (copyright free)
Views: 612 Joshua Kim
Economics - GDP & GNP in Tamil/English | TNPSC, SSC, UPSC|
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