Question

share in world gdp

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Answer 1

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The statistic shows India's share of the global gross domestic product (GDP) adjusted for Purchasing Power Parity (PPP) from 2012 to 2022. In 2017, India's share of global GDP (in relation to PPP dollars) amounted to about 7.45 percent. See GDP of India and India's economic growth for additional information.

The statistic shows the United States' share of global gross domestic product (GDP) adjusted for purchasing power parity (PPP) from 2012 to 2022. In 2017, the U.S. share of global GDP (in relation to PPP dollars) amounted to 15.26 percent.

Gross domestic product (GDP) ranking by country 2017 (in billion U.S. dollars)

The statistic shows a gross domestic product (GDP) ranking by country in 2017. In 2017, Saudi Arabia ranked 20th with an estimated GDP of about 679 billion U.S. dollars.
Global gross domestic product

Global gross domestic product (GDP) amounts to almost 75 trillion U.S. dollars, with the United States making up more than 18 percent of it alone. Interestingly enough, China, one of the BRIC-states, is following closely. The BRIC- states (Brazil, Russia, India and China) are the four major emerging countries (click here for further information). It is also estimated that China will report the highest GDP in 2030, thus replacing the United States at the top. 

The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Both industrialized and emerging countries account for approximately 50 percent of global gross domestic product each.

Gross domestic product (GDP)

Gross domestic product (GDP) at market prices is the expenditure on final goods and services minus imports: final consumption expenditures, gross capital formation, and exports less imports. "Gross" signifies that no deduction has been made for the depreciation of machinery, buildings and other capital products used in production. "Domestic" means that it is production by the resident institutional units of the country. The products refer to final goods and services, that is, those that are purchased, imputed or otherwise, as: final consumption of households, non-profit institutions serving households and government; fixed assets; and exports (minus imports). GDP per capita data are measured in US dollars at current prices and PPPs. GDP data are measured in million US dollars at current prices and PPPs. Data are internationally comparable across countries for any single year. All OECD countries compile their data according to the 2008 System of National Accounts (SNA).