WORLD GDP and Economic POWER (Re-Post)

CIA - World FactBook ^ | Current | CIA

[davidosborne]

REPOSTED Due to bad link on ORGINIAL THREAD http://www.freerepublic.com/focus/chat/2673189/posts

in economic terms a KEY figure to watch is the GDP/per capita

Latest figures for CHINA with a 9.8T GDP (purchasing POWER)

GDP - per capita (PPP): $7,400 (2010 est.) country comparison to the world: 127 $6,800 (2009 est.) $6,200 (2008 est.) note: data are in 2010 US dollars

Compared to the U.S 14.7T (GDP Purchasing power)

GDP - per capita (PPP): $47,400 (2010 est.) country comparison to the world: 10 $46,700 (2009 est.) $48,300 (2008 est.) note: data are in 2010 US dollars

In short THIS means that the PEOPLE of the United States have a LOT of per capita ecconomic POWER ! Where "we the people" CHOOSE to spend our money matters <- BIG TIME FOLKS ! What we need to do is get our DEBT under control.. if that is even possible anymore..

For those who are REALLY thinking... here is the estimated GDP for the ENTIRE WORLD !!

$74.43 trillion (2010 est.) country comparison for the world $71.17 trillion (2009 est.) $71.67 trillion (2008 est.) note: data are in 2010 US dollars

roughly 10 or 11 grand per capita

Also interesting to note is that we are #10 so who is 1-9 you might ask?

Rank country GDP - per capita (PPP) Date of Information

1 Qatar $ 145,300 2010 est.

2 Liechtenstein $ 122,100 2007 est.

3 Luxembourg $ 81,800 2010 est.

4 Bermuda $ 69,900 2004 est.

5 Singapore $ 62,200 2010 est.

6 Norway $ 59,100 2010 est.

7 Jersey $ 57,000 2005 est.

8 Kuwait $ 51,700 2010 est.

9 Brunei $ 50,300 2010 est.

[davidosborne]

ping-a-ling to my FRiends who posted on the first thread.. there were some great comments and points for discussion.. .please repost and discuss

[davidosborne]

https://www.cia.gov/library/publications/the-world-factbook/geos/xx.html

Direct Link the WORLD GDP Data

[E.G.C.]

BTTT

[davidosborne]

A serious discussion on the WORLD GDP and how it relates to the ECCONOMIC CRISIS and nothing but “crickets” on FR.. wow... I thought this was the home of conservative think tanks... hopefully we get some traction on this discussion or we are in much more serious trouble than I thought

[Gritty]

It seems the 2 major products most “produced” by these top 9 countries are oil and banks (handling other people's money). And it is either one or the other, not both.

They are also countries with very small populations and they specialize almost exclusively in these products. They have found their niches and apparently are smart eough to try and keep them healthy and not destroy them for stupid reasons like we are doing in this country.

Smart, eh?

[Marine_Uncle]

"A serious discussion on the WORLD GDP and how it relates to the ECCONOMIC CRISIS and nothing but “crickets” on FR.. wow."
I'm not qualified to say much of any use. However. Wait till the shortly coming shortages of food and other commodities kicks in and the costs goes up exponential.
To many things happening that can drive down our buying power with little hope of regaining the position we may have had some twenty years or so.

[davidosborne]

I understand what you are saying and I am certainly no economist myself but if these numbers are anywhere close to correct the real power in the world is in the hands of individual Americans not the us Government. Of course if we get our debt under control our government will once again be reflective of that fact. If not the wealth/power of the people will be lost to a large degree. Wealth belongs to those who have choices in life and if we bankrupt our country that power of choice will be lost many respects

[davidosborne]

I understand what you are saying and I am certainly no economist myself but if these numbers are anywhere close to correct the real power in the world is in the hands of individual Americans not the us Government. Of course if we get our debt under control our government will once again be reflective of that fact. If not the wealth/power of the people will be lost to a large degree. Wealth belongs to those who have choices in life and if we bankrupt our country that power of choice will be lost many respects

[Marine_Uncle]

"Of course if we get our debt under control our government will once again be reflective of that fact."
Can't argue with that. At best that is a long way off under the best shearing of spending. I'm still waiting to see AIG pay back on frigen penny of what they where dished out by the TARP funds. Same goes for Fannie Mae and Freddie Mac.
If you can make some time in the future, check this site out.