Economy of Colombia
Colombia over the last decade has experienced a historic economic boom. In 1990, Colombia was Latin America's 5th largest economy and had a GDP per capita of only US$1,500, by 2015 it became the 4th largest in Latin America, and the world's 31st largest. As of 2015 the GDP (PPP) per capita has increased to over US$14,000, and GDP (PPP) increased from US$120 billion in 1990 to nearly US$700 billion. Poverty levels were as high as 65% in 1990, but decreased to under 24% by 2015.Modern industries like shipbuilding, electronics, automobile, tourism, construction, and mining, grew dramatically during the 2000s and 2010s, however, most of Colombia's exports are still commodity-based. Colombia is Latin America's 2nd-largest producer of domestically-made electronics and appliances only behind Mexico. Colombia had the fastest growing major economy in the western world in 2014, behind only China worldwide.Since the early 2010s, the Colombian government has shown interest in exporting modern Colombian pop culture to the world (which includes video games, music, movies, TV shows, fashion, cosmetics, and food) as a way of diversifying the economy and entirely changing the image of Colombia; a national campaign similar to the Korean Wave. In the Hispanic world, Colombia is only behind Mexico in cultural exports and is already a regional leader in cosmetic and beauty exports.The number of tourists in Colombia grows by over 12% every year. Colombia is projected to have over 15 million tourists by 2023.
List of countries by GDP (nominal)
The United States is the world's largest economy with a GDP of approximately $18.56 trillion, notably due to high average incomes, a large population, capital investment, moderate unemployment, high consumer spending, a relatively young population, and technological innovation. Tuvalu is the world's smallest national economy with a GDP of about $32 million because of its very small population, a lack of natural resources, reliance on foreign aid, negligible capital investment, demographic problems, and low average incomes.
List of countries by GDP (nominal)
The United States is the world's largest economy with a GDP of approximately $19.39 trillion, notably due to high average incomes, a large population, capital investment, moderate unemployment, high consumer spending, a relatively young population, and technological innovation. Tuvalu is the world's smallest national economy, with a GDP of about $32 million, because of its very small population, a lack of natural resources, reliance on foreign aid, negligible capital investment, demographic problems, and low average incomes.
Punjab, Pakistan
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's economy has quadrupled since 1972. Its share of Pakistan's GDP was 54.7% in 2000 and 59% as of 2010. It is especially dominant in the service and agriculture sectors of Pakistan's economy. With its contribution ranging from 52.1% to 64.5% in the Service Sector and 56.1% to 61.5% in the agriculture sector. It is also major manpower contributor because it has largest pool of professionals and highly skilled (technically trained) manpower in Pakistan. It is also dominant in the manufacturing sector, though the dominance is not as huge, with historical contributions raging from a low of 44% to a high of 52.6%. In 2007, Punjab achieved a growth rate of 7.8% and during the period 2002–03 to 2007–08, its economy grew at a rate of between 7% to 8% per year. and during 2008–09 grew at 6% against the total GDP growth of Pakistan at 4%.
Big Four (banking)
In Australia, the ``big four banks ''refers to the four largest banks by market share, who between them hold 80% of the home loan markets in the country. In 2012, their combined total asset is A $2.66 trillion, which is about 200% of Australian GDP in 2011. In order of total assets, these are:
Economy of Texas
As a sovereign country (2016), Texas would be the 10th largest economy in the world by GDP (ahead of South Korea and Canada). Texas's household income was $48,259 in 2010 ranking 25th in the nation. The state debt in 2012 was calculated to be $121.7 billion, or $7,400 per taxpayer. Texas has the second largest population in the country after California.
Prince Edward Island
Prince Edward Island Île - du - Prince - Édouard (French) Epekwitk (Mi'kmaq) Flag Coat of arms Motto (s): Latin: Parva sub ingenti (The small protected by the great) BC AB SK MB ON QC NB PE NS NL YT NT NU Confederation July 1, 1873 (8th) Capital Charlottetown Largest city Charlottetown Largest metro Charlottetown Government Lieutenant Governor Antoinette Perry Premier Wade MacLauchlan (Liberal) Legislature Legislative Assembly of Prince Edward Island Federal representation (in Canadian Parliament) House seats 4 of 338 (1.2%) Senate seats 4 of 105 (3.8%) Area Total 5,660 km (2,190 sq mi) Land 5,660 km (2,190 sq mi) Water 0 km (0 sq mi) 0% Area rank Ranked 13th 0.1% of Canada Population (2016) Total 142,907 Estimate (2018 Q1) 152,768 Rank Ranked 10th Density 25.25 / km (65.4 / sq mi) Demonym (s) Prince Edward Islander, Islander Official languages English (de facto) GDP Rank 10th Total (2011) C $5.353 billion Per capita C $36,740 (13th) Time zone Atlantic: UTC - 4 Postal abbr. PE Postal code prefix ISO 3166 code CA - PE Flower Pink lady's slipper Tree Red oak Bird Blue jay Website www.princeedwardisland.ca Rankings include all provinces and territories
Agriculture in Vietnam
In 2004, agriculture and forestry accounted for 21.8 percent of Vietnam's gross domestic product (GDP), and between 1994 and 2004, the sector grew at an annual rate of 4.1 percent. Agriculture's share of economic output has declined in recent years, falling as a share of GDP from 42% in 1989 to 26% in 1999, as production in other sectors of the economy has risen. However, agricultural employment was much higher than agriculture’s share of GDP; in 2005, approximately 60 percent of the employed labor force was engaged in agriculture, forestry, and fishing. Agricultural products accounted for 30 percent of exports in 2005. The relaxation of the state monopoly on rice exports transformed the country into the world’s second or third largest rice exporter. Other cash crops are coffee, cotton, peanuts, rubber, sugarcane, and tea.
Liberia
Following a peak in growth in 1979, the Liberian economy began a steady decline due to economic mismanagement following the 1980 coup. This decline was accelerated by the outbreak of civil war in 1989; GDP was reduced by an estimated 90% between 1989 and 1995, one of the fastest declines in history. Upon the end of the war in 2003, GDP growth began to accelerate, reaching 9.4% in 2007. The global financial crisis slowed GDP growth to 4.6% in 2009, though a strengthening agricultural sector led by rubber and timber exports increased growth to 5.1% in 2010 and an expected 7.3% in 2011, making the economy one of the 20 fastest growing in the world.
Nigeria
Nigeria was ranked 30th in the world in terms of GDP (PPP) in 2012. Nigeria is the United States' largest trading partner in sub-Saharan Africa and supplies a fifth of its oil (11% of oil imports). It has the seventh-largest trade surplus with the US of any country worldwide. Nigeria is the 50th-largest export market for US goods and the 14th-largest exporter of goods to the US. The United States is the country's largest foreign investor. The International Monetary Fund (IMF) projected economic growth of 9% in 2008 and 8.3% in 2009. The IMF further projects an 8% growth in the Nigerian economy in 2011.
Nigeria
As of 2015[update], Nigeria is the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's largest economy in 2014. Also, the debt-to-GDP ratio is only 11 percent, which is 8 percent below the 2012 ratio. Nigeria is considered to be an emerging market by the World Bank; It has been identified as a regional power on the African continent, a middle power in international affairs, and has also been identified as an emerging global power. Nigeria is a member of the MINT group of countries, which are widely seen as the globe's next "BRIC-like" economies. It is also listed among the "Next Eleven" economies set to become among the biggest in the world. Nigeria is a founding member of the Commonwealth of Nations, the African Union, OPEC, and the United Nations amongst other international organisations.
Chihuahua (state)
The state has the 12th-largest state economy in Mexico, accounting for 2.7% of the country’s GDP. Chihuahua has the fifth highest manufacturing GDP in Mexico and ranks second for the most factories funded by foreign investment in the country. As of 2011[update], the state had an estimated 396 billion pesos (31.1 billion dollars) of annual GDP. According to official federal statistical studies, the service sector accounted for the largest portion of the state economy at 59.28%; the manufacturing and industrial sector is estimated to account for 34.36% of the state's GDP, with the agricultural sector accounting for 6.36% of the state's GDP. Manufacturing sector was the principal foreign investment in the state followed by the mining sector. In 2011, the state received approximately 884 million dollars in remittances from the United States, which was 4.5% of all remittances from the United States to Mexico.
United States
The United States has a capitalist mixed economy which is fueled by abundant natural resources and high productivity. According to the International Monetary Fund, the U.S. GDP of $16.8 trillion constitutes 24% of the gross world product at market exchange rates and over 19% of the gross world product at purchasing power parity (PPP).The nominal GDP of the U.S. is estimated to be $17.528 trillion as of 2014. From 1983 to 2008, U.S. real compounded annual GDP growth was 3.3%, compared to a 2.3% weighted average for the rest of the G7. The country ranks ninth in the world in nominal GDP per capita according to the United Nations (first in the Americas) and sixth in GDP per capita at PPP. The U.S. dollar is the world's primary reserve currency.The United States is the largest importer of goods and second-largest exporter, though exports per capita are relatively low. In 2010, the total U.S. trade deficit was $635 billion. Canada, China, Mexico, Japan, and Germany are its top trading partners. In 2010, oil was the largest import commodity, while transportation equipment was the country's largest export. Japan is the largest foreign holder of U.S. public debt. The largest holder of the U.S. debt are American entities, including federal government accounts and the Federal Reserve, who hold the majority of the debt.
Houston
The Houston–The Woodlands–Sugar Land MSA's gross domestic product (GDP) in 2012 was $489 billion, making it the fourth-largest of any metropolitan area in the United States and larger than Austria's, Venezuela's, or South Africa's GDP. Only 26 countries other than the United States have a gross domestic product exceeding Houston's regional gross area product (GAP). In 2010, mining (which consists almost entirely of exploration and production of oil and gas in Houston) accounted for 26.3% of Houston's GAP up sharply in response to high energy prices and a decreased worldwide surplus of oil production capacity, followed by engineering services, health services, and manufacturing.
Namibia
About half of the population depends on agriculture (largely subsistence agriculture) for its livelihood, but Namibia must still import some of its food. Although per capita GDP is five times the per capita GDP of Africa's poorest countries, the majority of Namibia's people live in rural areas and exist on a subsistence way of life. Namibia has one of the highest rates of income inequality in the world, due in part to the fact that there is an urban economy and a more rural cash-less economy. The inequality figures thus take into account people who do not actually rely on the formal economy for their survival. Although arable land accounts for only 1% of Namibia, nearly half of the population is employed in agriculture.
Economy of India
India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 17% of the GDP. The sector employed 49% of its total workforce in 2014. Agriculture accounted for 23% of GDP, and employed 59% of the country's total workforce in 2016. As the Indian economy has diversified and grown, agriculture's contribution to GDP has steadily declined from 1951 to 2011, yet it is still the country's largest employment source and a significant piece of its overall socio - economic development. Crop - yield - per - unit - area of all crops has grown since 1950, due to the special emphasis placed on agriculture in the five - year plans and steady improvements in irrigation, technology, application of modern agricultural practices and provision of agricultural credit and subsidies since the Green Revolution in India. However, international comparisons reveal the average yield in India is generally 30% to 50% of the highest average yield in the world. The states of Uttar Pradesh, Punjab, Haryana, Madhya Pradesh, Andhra Pradesh, Telangana, Bihar, West Bengal, Gujarat and Maharashtra are key contributors to Indian agriculture.
Tanzania
Advanced economies led global economic growth prior to the financial crisis with "emerging" and "developing" economies lagging behind. The crisis completely overturned this relationship. The International Monetary Fund found that "advanced" economies accounted for only 31% of global GDP while emerging and developing economies accounted for 69% of global GDP from 2007 to 2014. In the tables, the names of emergent economies are shown in boldface type, while the names of developed economies are in Roman (regular) type.
Economy of Africa
After an initial rebound from the 2009 world economic crisis, Africa’s economy was undermined in the year 2011 by the Arab uprisings. The continent’s growth fell back from 5% in 2010 to 3.4% in 2011. With the recovery of North African economies and sustained improvement in other regions, growth across the continent is expected to accelerate to 4.5% in 2012 and 4.8% in 2013. Short-term problems for the world economy remain as Europe confronts its debt crisis. Commodity prices—crucial for Africa—have declined from their peak due to weaker demand and increased supply, and some could fall further. But prices are expected to remain at levels favourable for African exporter.
Estonia
As a member of the European Union, Estonia is considered a high-income economy by the World Bank. The GDP (PPP) per capita of the country, a good indicator of wealth, was in 2015 $28,781 according to the IMF, between that of Slovak Republic and Lithuania, but below that of other long-time EU members such as Italy or Spain. The country is ranked 8th in the 2015 Index of Economic Freedom, and the 4th freest economy in Europe. Because of its rapid growth, Estonia has often been described as a Baltic Tiger beside Lithuania and Latvia. Beginning 1 January 2011, Estonia adopted the euro and became the 17th eurozone member state.
Economy of India
The economy of India is an underdeveloped mixed economy. It is the world's seventh - largest economy by nominal GDP and the third - largest by purchasing power parity (PPP). The country ranks 141st in per capita GDP (nominal) with $1723 and 123rd in per capita GDP (PPP) with $6,616 as of 2016. After 1991 economic liberalisation, India achieved 6 - 7% average GDP growth annually. In FY 2015 India's economy became the world's fastest growing major economy surpassing China. The long - term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy.
When ordering world economies by their 2012 GDP (PPP) in what position is Africa's largest economy? What position did the largest African economy
What is the largest economy in Africa?
Nigeria
Where did #1 's 2012 GDP rank?
30th in the world