Countries Ranked By GDP | Top 100

This video will compare the top 100 countries by gross domestic product. Gross domestic product, or GDP, is the monetary measure of the market value of all the final goods and services produced in a specific time period by countries. It is calculated using the formula: GDP = Consumption + Investment + Government Investment + (Exports - Imports). Nominal GDP is useful for large-scope GDP comparison, either for a country or region or on an international scale. The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. The rate of price increases in an economy is also factored into nominal GDP. Share Your Views in the comment section down below. Please review the contents. Your opinion matters Thank you for your support.