China officially reached 12 trillion!
Brazil has overtaken Italy
India has overtaken France
America and China grew relatively the same
2017 GDP figures are out! Celebration!
Leo Sanchez
Other urls found in this thread:
stlouisfed.org
imf.org
cnbc.com
uk.businessinsider.com
foreignpolicy.com
bbc.com
en.wikipedia.org
twitter.com
Blake Reed
Our GDP has not shrunk.
Chase Taylor
>I believe in China's GDP numbers
Jose Evans
>Russia still in a cuck position
Another tough year ahead for us Russiaboos.
Lucas Edwards
I wish we didn't have terroni
Congrats Brazil
Ryan Hernandez
Somebody stop Brazil now, i'm scared
Nicholas Wilson
h-hey indian commonwealth bros
Robert Powell
Stop with the conspiracy theories. China is successful.
Joshua Brooks
These have been out since October 2017 though. You meant official figures? I am suspcious of them being official because some nations have not released Q4 2017 GDP figures yet.
Matthew Gonzalez
>Israel
>$350 billion
So they get between 3 and 5 billion in American handouts every year.
Where is the remaining $345 billion coming from?
Lincoln Phillips
american companies like intel etc.
Alexander Parker
Evan Thompson
Israel's economy is pretty good.
Isaiah Allen
So American companies also give free money to Israel? How do Americans feel about that?
Gavin Barnes
They have a very dynamic startup-oriented capital venture market. Tel Aviv (and Jerusalem to a lesser extent) are heaven for startups
Austin Rogers
>it’s all fake!
You do get that third world GDP is almost always undercounted, right? All that shady informal work is not accounted for.
There is a reason, on average, prices are much lower in the third world.
Easton Allen
>believing numbers from the Chinese politburo
Nathan Wright
Brazil was $3.2 trillion in 2011
Nathaniel Collins
So will Japan's GDP continue to shrink every year as their population contracts?
Ayden Hill
>2 places up
neat
Nathaniel Nelson
They don't give free money, they give job opportunies for political reasons. They could perfectly moe those jobs elseweres.
Jace Johnson
See
Tyler Hall
got a comparison for PPP GDP figures?
do first world countries account for under-the-table economic activity in their counting?
Jayden Turner
We love it.
All American banks donate a 1% of usury profit tithe to Israel annually.
Jordan Reed
Also when your biggest export is blood diamons, it's pretty fucked up.
The israeli diamond industry is far from being "moral"
David Ward
Where is Finland??
Gabriel Gonzalez
It's part of the plan to de industrialize the west and its allies. The Japanese economic miracle got them too strong too soon and spooked the globalists out so their wealth is now being transferred to the chicoms
Gavin Turner
We account for them much more often.
How many stay-at-home wives do you think exist in the First World relative to the Third World?
The much higher supply of these informal services in the third world explain why their prices are much lower for no good reason (in a GDP sense).
Ryder Allen
Japan's population contraction is due to low birth rate and negligible immigration though, so i'm not sure what you mean.
Nicholas Gutierrez
Why it's just a natural recource. They are pretty good at other fields.
Jacob Moore
Oliver Rogers
>our nominal GDP is only $56.933 billion
>mfw DR Congo has a GDP of $40.415 billion, even though they have 35 times the population of Slovenia
Nicholas Jenkins
44. place
Blake Green
A country of 1b people overtook a country of 40m people, breathtaking
Carson Adams
All the diamond industry world wide is based on exploitation and shady stuffs.
Grayson Fisher
Of course you don't dumbass.
Dylan Hernandez
Hello Ahmed! Did you push any French women out of your window today?
Nathaniel Watson
>25% diamonds
Nathaniel Rodriguez
Someone take a shit in your cheerios this morning or something?
Aaron Roberts
for the lower countries
Mason James
>t. Shlomo Bergenstein
Why would a "dane" come out of nowhere to suck israeli cock like a JIDF shill and get this triggered?
Jacob Sanchez
>2% blood
Wtf
Connor Miller
>Politburo
Nah their National Bureau of Economic Statistics. And each year the IMF helps them formulate the GDP statistics and calculate them using international best standards.
stlouisfed.org
>Former Fed Chairman Ben S. Bernanke and research analyst Peter Olson have argued that the Chinese NBS’ lack of transparency may be more of a factor in the unreliability of the statistics than its lack of political independence.4 For example, the NBS produces data series that are less volatile than those from other countries, making China’s time series statistics seem unreliable or manipulated. Bernanke and Olson have pointed out that this smoothness is more likely a result of technical issues rather than political manipulation.
>The degree of unreliability of China’s official statistics may be less egregious if the country is compared with other developing countries. The World Bank, which classifies China as a middle-income country, ranks low- and middle-income countries with populations greater than 1 million by a statistical capacity score, reflecting the country’s ability to produce and disseminate high-quality aggregate data.
>In the past, China’s score has been at or below the median (38th percentile of low- and middle-income countries scored in 2004. However, in the 2016 rankings, China earned a score of 83.3 out of 100, putting it in the 83rd percentile.
>This score means China is actually on the upper end of the distribution for statistical capacity compared with similar countries. China’s score improvement comes mostly from better methodology, improving timeliness and periodicity of data releases, and joining the International Monetary Fund’s Special Data Dissemination Standard, a voluntary program that evaluates a country on criteria important for international capital markets.
Lincoln Reyes
25% of their economy is in diamonds that can already be synthesized in a lab with higher quality, clarity, and size.
Chase Allen
I think it's just because Japan has had absolutely retarded monetary policy for the last 30 years. their debt is insanely high so they refuse to deflate.
how are you accounting housewives into this? like homecrafts? I meant more like bartering, businesses taking cash and not reporting it, paying employees under the table etc.
I wonder how much of that is due to Chinese investment in mining there.
Ayden Bailey
1.4 billion to 66 million*
Robert Williams
Compared to their neighbors its pretty good. Israli economy is a miracle
Camden Edwards
>their National Bureau of Economic Statistics
>each year the IMF helps them formulate the GDP statistics
Literally proving my point. You must be easy to satisfy. I have a bridge you might be interested in buying...
Andrew Ortiz
2.6 actually
Grayson Murphy
>bomb them to rubbles for no reason
>"haha you suck lol"
Jacob Lee
It is impressive what they've done from such a difficult position.
Liam Walker
>muslim hands typed this post
Jason Anderson
That's a decent economy, but yeah the non-oil arab states are behind israel.
Xavier Ortiz
You're part of the coalition and participate in everything we do you rat
Gavin Morales
That as well. I simply am using the best example.
In an economy supply = GDP. (Or demand = GDP).
But because third world housewives and informal trading (or illegal) is not accounted for, you have unexplained cheaper prices relative to the first world. Meanwhile in the USA we are much more likely to have the statistical accounting necessary to input these informal economic transactions (and the supply they represent). Third world shitholes cannot even balance their books, so why do you expect them to have a perfect statistical representation of the entire economy?
If anything, China and India (and many others) undercount their GDP. That is why you can buy stuff so much cheaper out there despite international trade fixing that arbitrage difference.
Julian Ramirez
What part of The Most Presitigous Western Economic Organization Fact Checking Your GDP To Help You Get It Right do you not understand?
I honestly don’t give a fuck if you want to bury your head in the sand. It has no effect on China.
Ryan Russell
>The Most Presitigous Western Economic Organization
Kek. Morons like you are why evil exists.
Brody James
>I honestly don’t give a fuck if you want to bury your head in the sand. It has no effect on China.
Lol man, I sure see you post this stuff alot for someone who doesn't care what other people think
Dominic Watson
what happened to Nigeria? the drop on oil prices?
Angel Gray
>Argentina's gdp grew 16.9% in one year
yeah, something doesn't add up
>current prices
Yeah, list discarded
Ayden Davis
why are people saying the eu is dying when we grew with more than usa and china?
Eu 900.498
Usa 821.500
China 796.329
Tyler Barnes
I think people were expecting it to fall apart due to Brexit. This is the EU's fastest growth rate in ten years.
I do expect the exit of the UK to have a negative effect on the EU's rate of growth for a few years though.
Kayden Hernandez
Poland behind Sweden once again? It's like a second deluge for them.
Aaron Ross
The International Monetary Fund is evil for your Jow Forumsmutt mind.
I care for what rational people think. Not a Jow Forumsmutt who wastes my time and calls me names.
Daniel Moore
Because >muh ebil EU is a good scapegoat
Can't wait to overtake the Americans
Ryan Adams
>RUSSIA
JUST
Kayden Campbell
Yeah that confused me to no end because the peso fell 30% last year. Maybe they had discounted Argentina’s old GDP numbers as fake, but that wouldn’t explain such a huge jump in one year.
Lincoln James
Landon Scott
>what is real GDP growth
Learn what deflator is, brainlet. OP's pic is nominal figures.
Nathaniel Brooks
Robert Johnson
>for no reason
Caleb Bennett
holy shit india is only 2.8 tn?
you only have two years left buddy, how gonna pull it off?
Aiden Smith
We were one of the strongest opponent of Israel in 2006, back when our president was worthy of being called a french president.
Zachary Taylor
wh*Tes BTFO. China century now!!!!
Christian Davis
I assume you are angry at Obama for not starting a war with Iran when they intercepted your boat in 2016 in their waters then.
Surely you wouldn't have double-standard.
Jacob Foster
IMF believes for some reason.
Logan Walker
Hey Ausfalia how's life ALLLLLLL the way down there?
Elijah Gonzalez
unlike the US, Russia has a balanced budget and low debt. and iirc China has no debt and a balanced budget. and lower prices aren't "unexplained" it's because the population is less wealthy, so sellers can't get away with charging such high prices.
I meant compared to last year
Landon King
good goy
Zachary Ward
If you want year to year comparison, then you look at real GDP growth.
imf.org
Russia grew 1.5%.
Carter Bell
>China has no debt
Wrong. Chinese government debt is low, yes. But private debt is pretty bad.
cnbc.com
uk.businessinsider.com
Josiah Peterson
looks like Ukraine had a good year. any idea why that is?
Jason Jones
Nathaniel Morgan
>Hezbollah attacks Israel first
REEE SCHLOMO WHY ARE YOU BOMBING US?!
Christopher Harris
holy shit China. and that's from 4 years ago. I'm going to bet that it isn't any better now. not sure why I thought Chinese debt was so low. was probably confusing it with how much American debt that China owes, versus Chinese debt that America owes.
Angel Stewart
It's easier to grow from such low levels. Remember, Ukraine fell 6.6%, 9.8% in 2014 and 2015. Also the way percentage works, if you fell 10% you'll have to grow more than 10% to get back at the same level.
Ryder Lopez
we will soon be richer than Sweden. Also 99% white. Feels good
David Lewis
I'm amazed that Sweden is still so rich.
Luis Bell
>holy shit China. and that's from 4 years ago.
Here from last year, it's higher than in 2014 >In addition, our estimates based on monthly data on total social financing suggest that China's total debt surpassed 304 percent of GDP as of May 2017," the IIF noted.
>not sure why I thought Chinese debt was so low.
People only look at the government debt. This is wrong. Government is not the whole economy.
Aiden Nelson
>a nation of 40 million will soon be as rich as one with 10 million
about time
Matthew Parker
china needs to pay denbts
Lincoln Cox
We I'll be dammed
Jaxson Scott
>trusting Chinese numbers
The truth about Chinese IQ and intelligence.
>We don’t know how good Chinese schools really are because the much-quoted statistics provided by the Program for International Student Assessment (PISA) that placed China first in the world were taken from the study of a small group of elite Shanghai schools. As soon as that was expanded merely to Beijing — another metropolis — and two rich provinces, the results dropped sharply. (PISA’s willingness to accept only this limited sample is typical of the gullibility and compliance of many foreign NGOs, especially in education, when dealing with China; I have seen numerous foreign educators fall victim to obvious Potemkinism, including believing that Beijing No. 4 High School — the rough equivalent of Eton — was a “typical Chinese public school.”) We don’t know the extent of the collapse of rural education. We don’t know the real literacy figures, not least because rural and urban literacy is measured by different standards — a common trick for many figures.
foreignpolicy.com
Robert Cook
>trusting China about anything
Have you heard about China's 'four new inventions'?
bbc.com
>In the 17th century, the idea of a spherical Earth, now considerably advanced by Western astronomy, ultimately spread to Ming China, when Jesuit missionaries, who held high positions as astronomers at the imperial court, successfully challenged the Chinese belief that the Earth was flat and square.[79][80][81]
>The adoption of European astronomy, facilitated by the failure of indigenous astronomy to make progress, was accompanied by a sinocentric reinterpretation that declared the imported ideas Chinese in origin:
>European astronomy was so much judged worth consideration that numerous Chinese authors developed the idea that the Chinese of antiquity had anticipated most of the novelties presented by the missionaries as European discoveries, for example, the rotundity of the Earth and the "heavenly spherical star carrier model." Making skillful use of philology, these authors cleverly reinterpreted the greatest technical and literary works of Chinese antiquity. From this sprang a new science wholly dedicated to the demonstration of the Chinese origin of astronomy and more generally of all European science and technology.[79]
Anthony Hughes
I thought India's GDP was $2.4T in 2017
Why did the numbers for every country change?
Jordan Hughes
>European
AAAAAAAAAAAAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Kevin Long
Why everyone expect Russia to be super wealthy and shiet? Like when people say "lol Russia GDP less than Italy"
Is Italy some kind of shithole for you? I cannot understand that, sorry
Joshua Watson
This is important. Note it
Joseph Watson
GDP doesn't give you a perfectly good indication of economic development. It only accounts for income flows, not the quality of those flows. If you spend an incredible sum of money on worthless real estate development projects that will never come to use, that may inflate your GDP, but doesn't lead to long-term sustainable income generation.
Ian Wilson
Everyone knows that user