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Saturday May 26th 2012

Gross Domestic Product Data

What is the GDP (Gross Domestic Product) of the U.S.? How about China or Russia? Now you can answer these kinds of questions and compare the GDP of one country to another country. Darker green means higher GDP. The U.S. is the highest of all. China, Japan and western Europe all produce large output. Countries in Africa and the middle east have low output which is why there is so much poverty in those regions.

Google is amazing at aggregating and presenting all kinds of useful data. Here is an interactive map with GDP of each nation.

GDP (current US$) - 2008

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Source: World Bank Data - Current GDP

Follow the link which plots the U.S. GDP since 1960 with check boxes to add any other country’s GDP to the chart:

Gross Domestic Product Chart.

GDP = C + I + G + (X - I), where C = consumption, I = Investment, G = Government, and X - I = Net Exports. The most striking thing is how big the U.S. GDP is compared to every other country in the world. While most other countries are just a few hundred billion, the U.S. is 14.2 trillion. About 2/3 of GDP in the U.S. is consumption. Americans really like to consume!

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