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Real GDP Per Capita and the Standard of Living
 
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They say what matters most in life are the things money can’t buy. So far, we’ve been paying attention to a figure that’s intimately linked to the things money can buy. That figure is GDP, both nominal, and real. But before you write off GDP as strictly a measure of wealth, here’s something to think about. Increases in real GDP per capita also correlate to improvements in those things money can’t buy. Health. Happiness. Education. What this means is, as real GDP per capita rises, a country also tends to get related benefits. As the figure increases, people’s longevity tends to march upward along with it. Citizens tend to be better educated. Over time, growth in real GDP per capita also correlates to an increase in income for the country’s poorest citizens. But before you think of GDP per capita as a panacea for measuring human progress, here’s a caveat. GDP per capita, while useful, is not a perfect measure. For example: GDP per capita is roughly the same in Nigeria, Pakistan, and Honduras. As such, you might think the three countries have about the same standard of living. But, a much larger portion of Nigeria's population lives on less than $2/day than the other two countries. This isn’t a question of income, but of income distribution—a matter GDP per capita can’t fully address. In a way, real GDP per capita is like a thermometer reading—it gives a quick look at temperature, but it doesn’t tell us everything. It’s far from the end-all, be-all of measuring our state of well-being. Still, it’s worth understanding how GDP per capita correlates to many of the other things we care about: our health, our happiness, and our education. So join us in this video, as we work to understand how GDP per capita helps us measure a country’s standard of living. As we said: it's not a perfect measure, but it is a useful one. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1WJcJ5w Next video: http://bit.ly/1S1CxuA Help us caption & translate this video! http://amara.org/v/H04s/
Top 10 Country GDP Per Capita Ranking History (1962-2017)
 
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This video shows the Top 10 countries with highest GDP per capita from 1962 to 2017. Most countries are from developed regions in Europe, North America, and Asia. As of 2017, Luxembourg has been regarded as the richest country in terms of GDP per capita. Per capita GDP is a measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in that country. The Per capita GDP is especially useful when comparing one country to another, because it shows the relative performance of the countries. A rise in Per capita GDP signals growth in the economy and tends to reflect an increase in productivity. Twitter: https://twitter.com/wawamustats Facebook: https://fb.me/wawamustats Music: Melody Of My Dreams by Whitesand https://www.youtube.com/watch?v=Si89RLFreaw Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 250399 WawamuStats
Top 15 Countries by GDP per capita (1970-2017)
 
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Top 15 countries by GDP per capita except tax haven. Countries less than 1 million population considered as tax haven. Datasource: http://data.un.org/ Music: "Ibn Al-Noor" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ "Angevin B" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Views: 913311 TheRankings
GDP and GDP Per Capita
 
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This short topic video looks at the difference between GDP and GDP per capita. For more help with your A Level / IB Economics, visit tutor2u Economics http://www.tutor2u.net/economics If you find this topic video helpful, please SUBSCRIBE to our YouTube Channel For more help with Economics: Follow tutor2u Economics on Twitter: https://twitter.com/tutor2uEcon https://twitter.com/tutor2uGeoff - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 25371 tutor2u
Per Capita GDP
 
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Views: 23997 ecopoint
What is Gross Domestic Product (GDP)?
 
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Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed? The cashier is computing a very important number: gross domestic product, or GDP. GDP is the market value of all finished goods and services, produced within a country in a year. But, what does "market value" mean? And what defines a "finished good"? These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour. In this video, join us as we show you how to make sense of this important economic indicator. You’ll learn how GDP is computed, and you’ll get answers to some pretty interesting questions along the way. Questions like, “Why are the eggs in my homemade omelet part of the GDP, but the eggs my baker uses are not? Why does my bottle of French wine contribute to France’s GDP, even if I bought it in the United States?” Most importantly, you’ll also learn why polar bears aren’t part of the GDP computation, even if they’re incredibly cute. So, buckle in for a bit—in the following videos we’ll dive into specifics on GDP. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1p4ZtxL Next video: http://bit.ly/1mY2bn0 Help us caption & translate this video! http://amara.org/v/HZv3/
Nominal vs. Real GDP
 
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"Are you better off today than you were 4 years ago? What about 40 years ago?" These sorts of questions invite a different kind of query: what exactly do we mean, when we say “better off?” And more importantly, how do we know if we’re better off or not? To those questions, there’s one figure that can shed at least a partial light: real GDP. In the previous video, you learned about how to compute GDP. But what you learned to compute was a very particular kind: the nominal GDP, which isn’t adjusted for inflation, and doesn’t account for increases in the population. A lack of these controls produces a kind of mirage. For example, compare the US nominal GDP in 1950. It was roughly $320 billion. Pretty good, right? Now compare that with 2015’s nominal GDP: over $17 trillion. That’s 55 times bigger than in 1950! But wait. Prices have also increased since 1950. A loaf of bread, which used to cost a dime, now costs a couple dollars. Think back to how GDP is computed. Do you see how price increases impact GDP? When prices go up, nominal GDP might go up, even if there hasn’t been any real growth in the production of goods and services. Not to mention, the US population has also increased since 1950. As we said before: without proper controls in place, even if you know how to compute for nominal GDP, all you get is a mirage. So, how do you calculate real GDP? That’s what you’ll learn today. In this video, we’ll walk you through the factors that go into the computation of real GDP. We’ll show you how to distinguish between nominal GDP, which can balloon via rising prices, and real GDP—a figure built on the production of either more goods and services, or more valuable kinds of them. This way, you’ll learn to distinguish between inflation-driven GDP, and improvement-driven GDP. Oh, and we’ll also show you a handy little tool named FRED — the Federal Reserve Economic Data website. FRED will help you study how real GDP has changed over the years. It’ll show you what it looks like during healthy times, and during recessions. FRED will help you answer the question, “If prices hadn’t changed, how much would GDP truly have increased?” FRED will also show you how to account for population, by helping you compute a key figure: real GDP per capita. Once you learn all this, not only will you see past the the nominal GDP-mirage, but you’ll also get an idea of how to answer our central question: "Are we better off than we were all those years ago?" Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/24pzD7X Next video: http://bit.ly/1TGgR8r Help us caption & translate this video! http://amara.org/v/H0PX/
Top 20 Country GDP (PPP) Ranking History (1980-2023)
 
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This video shows the Top 20 countries with highest GDP PPP from 1980 to 2023. The ranking includes superpowers, such as United States, China, Japan, India, and Germany. It also compares the total GDP (PPP) of different continents from the Top 20 countries, mostly North America, Europe, and Asia. Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power. Twitter: https://twitter.com/wawamustats Facebook: https://fb.me/wawamustats Music: Home by Whitesand https://www.youtube.com/watch?v=3r8gL1vWGx0 Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 2013892 WawamuStats
All Countries GDP (PPP) Per Capita Comparison (2018)
 
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This video shows a comparison of GDP per capita (PPP) among all countries in 2018. The poorest and richest countries from each major regions and continents are also shown at the bottom of the video. This video includes a total of 184 countries which are officially recognized by the United Nations. (Some countries are excluded because they do not have official data) Twitter: https://twitter.com/wawamustats Facebook: https://fb.me/wawamustats Source: IMF (World Economic Outlook) Special Thanks to Our Patron: C&MHansen Music: Peter Roe Spotify: https://goo.gl/iF9nws Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 87299 WawamuStats
What The Heck Is GDP?
 
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GDP, GNP – what does it all mean? Jonathan explains what economists mean when they bring up these common economic indicators. Learn more at HowStuffWorks.com: http://money.howstuffworks.com/gross-national-happiness.htm Share on Facebook: Share on Twitter: Subscribe: http://goo.gl/ZYI7Gt Visit our site: http://www.brainstuffshow.com OK, let’s say you’ve just gotten a job offer to work in the majestic country of Bumpsylvania. Awesome, right? You’ve always wanted to live amongst the scenic Bumpsylvanian swamplands and hear the local ghost toads sing their famous mating screech. But before you pony up the $549.95 for Rosetta Stone: Bumpsylvanian Edition, you want to do a little research on the economic health of this country. So you ask your friend the economics professor: How is the economy of Bumpsylvania doing these days? One number that will almost definitely figure into her reply is the country’s GDP. This stands for Gross Domestic Product. GDP is a common measure that’s used to roughly represent the size of a country’s economy. The way you calculate GDP is both simple as a general principle, and complicated in the details. The simple version is that GDP is the value of all the goods and services produced within a country in a given period of time, such as a financial quarter or a year. So if we look at Bumpsylvania, we can calculate its yearly GDP by adding up the dollar-value of all the stuff it creates: All the pork sandwiches, shoe shines, fashion magazines, bullets, massages, motorcycles, jiu-jitsu classes, ghost toad swamp tours, and, of course, traditional, Bumpsylvanian-style wooden hats. Every item, product or service brought to market by workers or other economic resources located inside the country in that year is part of the GDP. Coming up with this figure is not as easy as it sounds. GDP is actually a highly complex and abstract statistical instrument that takes some real work to calculate. Just one example of the many complications: Let’s say somebody cuts down some swamp trees and turns those trees into lumber, and then sells that lumber to a haberdasher who turns it into a traditional, Bumpsylvanian-style wooden hat. Do you count the sales of both the lumber _and_ the hat? Well, no, because GDP is a measure of the final value of goods and services. So if you counted the sale of the wood to the hat-maker and the sale of the hat, you’d be counting the same value twice. The value of the wood gets wrapped into the final value of that gorgeous, gorgeous headgear. GDP is probably the most important measure of the size and performance of an economy, but it’s not the only one. There’s also GNP, which is related, but slightly different. GNP stands for gross national product. The difference is that GNP is the value of all the products and services produced by a country’s residents, even if production takes place outside of the country. So if a Bumpsylvanian business has a factory making wooden hats in another country, the output of that factory would be included in Bumpsylvania’s GNP, but not its GDP. While GDP is a widely used indicator of economic strength, many critics point out that it’s not necessarily the best indicator of the “real” health of a nation. For example, a country with a large, growing GDP might look strong on paper, but what if that number is masking vast income inequality – a productive economy based on huge amounts of low-wage labor? Of course by comparing GDP with other pieces of data, you can do more with the figure. A simple example would be comparing GDP with population to come up with Per Capita GDP (which means economic value per person). So for example, according to the World Bank, in 2013, China’s GDP was a massive $9.2 trillion. Compare that to Luxembourg’s relatively small GDP of $60 billion. Yet in the same year, China’s GDP Per Capita was only about $6,800, while Luxembourg’s was more than 16 times that, at about $110,000. So while China’s economy is certainly much larger, it looks like each individual citizen, on average, is better off in Luxembourg. Financially speaking, that is. SOURCES: http://www.britannica.com/EBchecked/topic/246663/gross-national-product-GNP http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm http://www.britannica.com/EBchecked/topic/246647/gross-domestic-product-GDP http://money.howstuffworks.com/gross-national-happiness.htm/printable http://www.nytimes.com/2013/10/05/world/asia/index-of-happiness-bhutans-new-leader-prefers-more-concrete-goals.html?_r=0 https://books.google.com/books?id=V5IpAgAAQBAJ&printsec=frontcover&dq=how+to+calculate+gnp&hl=en&sa=X&ei=QlVyVZH1CJKFyQTo-4D4CQ&ved=0CDYQ6AEwAg#v=onepage&q=how%20to%20calculate%20gnp&f=false http://data.worldbank.org/indicator/NY.GDP.MKTP.CD http://data.worldbank.org/indicator/NY.GDP.PCAP.CD http://www.factcheck.org/2008/02/gdp-vs-gnp/
Top 20 Economies 2019 (GDP PPP)
 
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GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income. (top 10 economies) It is however limited when measuring financial flows between countries and when comparing quality of same goods among countries. PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. (gdp 2019)These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods. (top 10 countries)This video is made by Dr Top 10 and contain Information taken from IMF 2019 Gdp Report and Projections and This video contains the gdp ppp in 2019 of future superpowers like india, china, japan, germany etc and current superpower like US. #top10 #top10economies #gdpppp
Views: 329138 Dr. Top 10
Future Top 10 Country Projected GDP Ranking (2018-2100)
 
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This video shows the Top 10 countries with highest GDP from 2018 to 2100. The projected GDP ranking includes countries such as United States, China, India, Japan, France, etc. It also shows how Asia will dominate the economy while Europe starts to fall slowly. Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Twitter: https://twitter.com/wawamustats Facebook: https://fb.me/wawamustats Historical Top 10 Country GDP Ranking (Part 1): https://youtu.be/wykaDgXoajc Data Taken from: https://pardee.du.edu/ Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 1102375 WawamuStats
Top 15 Africa Country GDP PER Capita Ranking (1960-2018)
 
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Top 15 Africa Country GDP PER Capita Ranking (1960-2018) This video shows the GDP of the top 15 countries in Africa. Do you have the statistics you want to see? Please leave a comment below. data https://data.worldbank.org
Views: 520 WorldMadeByCode
European GDP Per Capita Ranking by Countries
 
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[Data Visualization] The dynamic graph shows GDP per capita of European Countries from 1980 to 2023. 👍 Top 20 Market Capitalization of Listed Domestic Companies (% of GDP) https://youtu.be/Df0kNVu4pEI 👍 Top 10 Military Expenditure Countries History (1960-2017) https://youtu.be/4L2QM8xiaTk 👍 Top 10 Country Road Injury Accidents History (2000-2017): https://youtu.be/tFfKZpm35GE 👍 Top 10 Olympic Gold Medal Country (1896-2016): https://youtu.be/d8CKzA5Ko7M 👍 Top 10 Richest People In The World (1996-2018): https://youtu.be/ElaOQmqGDDw 👍 Top 10 Biggest US Company by Revenue (1955-2018) https://youtu.be/7PEaEwptGQc 👍 Top 10 Patent Application Country History (1960-2016): https://youtu.be/5t_aG3McAYA 👍 Top 10 populated city of US (1950-2030): https://youtu.be/h7UvJtuLG8g #ThaLoStats #DynamicGraph #gdppercapita Data taken from: imf.org ---- Facebook: https://www.facebook.com/ThaloStats
Views: 8156 ThaLoStats
top 15 countries by GDP per capita income per person (1800-2040)
 
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this video shows the top 15 countries by income each year and top 15 countries by income per person GDP per capita (1800-2040). average income measures the average income earned per person in a given country in a specified year. It is calculated by dividing the area's total income by its total population. data: https://data.worldbank.org
Views: 478 Stats Animation
GDP, GDP Per Capita, and PPP
 
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Cappy explains the difference between the three and how to find out how much things will cost overseas should you move there. Truth at a reasonable price! Visit! http://www.assholeconsulting.com Podcast: https://soundcloud.com/aaron-clarey/ Older Brother: http://www.olderbrother.com Books:http://www.amazon.com/Aaron-Clarey/e/B00J1ZC350/ Patreon:http://www.patreon.com/aaronclarey Blog:http://captaincapitalism.blogspot.com Twitter:https://twitter.com/assholeconsult Alternative/Back Up Sites: http://www.facebook.com/assholeconsulting http://www.dailymotion.com/user/aaron-clarey/1 https://www.minds.com/AaronClarey http://www.gab.ai/aaronclarey
Views: 2176 AaronClarey
GDP and Per Capita Income Concepts - Professor Vipin
 
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A short video where I have explained GDP and Per Capita Income. My Facebook Profile: https://www.facebook.com/vipinmks My Website: www.VipinMKS.com
Views: 11032 Professor Vipin
Top 10 African Countries with the RICHEST Population; GDP Per Capita PPP
 
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There are two ways to measure GDP (total income of a country) of different countries and compare them. One way, called GDP at exchange rate, is when the currencies of all countries are converted into USD (United States Dollar). The second way is GDP (PPP) or GDP at Purchasing Power Parity (PPP) Ensure you SUBSCRIBE -- https://goo.gl/jYw6so GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. In this video we have; 1. Equatorial Guinea 2. Seychelles 3. Mauritius 4. Gabon 5. Botswana 6. Algeria 7. South Africa 8. Egypt 9. Tunisia 10. Namibia ............................ Algeria, Angola,Benin,Botswana, Burkina Faso, Burundi, Cabo Verde,Cameroon,Central African Republic (CAR), Chad, Comoros,Democratic Republic of the Congo,Republic of the Congo,Cote d'Ivoire, Djibouti, Egypt,Equatorial Guinea, Eritrea, Eswatini (formerly Swaziland), Ethiopia,Gabon,Gambia,Ghana,Guinea,Guinea-Bissau,Kenya,Lesotho,Liberia,Libya,Madagascar, Malawi, Mali, Mauritania, Mauritius,Morocco,Mozambique,Namibia,Niger,Nigeria, Rwanda, Sao Tome and Principe, Senegal,Seychelles,Sierra Leone,Somalia,South Africa,South Sudan, Sudan,Tanzania,Togo,Tunisia,Uganda,Zambia,Zimbabwe
Views: 15853 African Insider
Top 15 Countries/Regions by GDP Per Capita, PPP (1990-2017)
 
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This video ranks the top 15 countries/regions by GDP per capita, PPP, from 1990 to 2017. Data Source: https://data.worldbank.org/ Music: Slow Times Over Here by Midnight North Please like if you enjoyed the video and subscribe to see more of these videos!
Views: 7056 DataRanker
GDP & PPP
 
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How do we compare the standard of living in two different countries or in the same country over time? Comparisons of per capita Gross Domestic Product are one possible answer but what is GDP? What is nominal GDP? What is real GDP? And how do we compare US GDP of say 14.5 trillion dollars with Thai GDP of 9.5 trillion baht? It's more complicated than it looks! Exchange rates, for example, fluctuate much more rapidly than does the standard of living. Thus, in this video we look in more detail at the GDP statistic and how we compute Purchasing Power Parity adjusted GDP. Development Economics course: http://mruniversity.com/courses/development-economics-0 Ask a question about the video: http://mruniversity.com/courses/development-economics/gdp-and-ppp#QandA Next video: http://mruniversity.com/courses/development-economics/solow-model-1-%E2%80%93-introduction
GDP & GDP per capita
 
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"What does GDP even mean? I am so confused!" If you've uttered these words before, then watch this movie. You'll be glad you did!
Views: 31485 Obertopia
Fundamentals of Macroeconomics Unit:  GDP per capita
 
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Your IB Economics Course Companion! This is video 8 of 12 videos in "The Fundamentals of Macroeconomics Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v As a teacher of IB Economics in Santiago, Chile, these videos were created to help students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other Economics students around the world. Check out all of the Macroeconomic playlists… Fundamentals of Macroeconomics Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v Aggregate Demand and Aggregate Supply Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGyyUCGXdTWNgfkKJ9_0l6q Macroeconomic Equilibrium Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGZBoaxdZHC9mokrwtXT4Xg Low Unemployment Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCxtc5-8q_AJseZFYbVeA4 Low and Stable Rate of Inflation Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGfCtnjSTIPQhZkZxzZM2Pf Economic Growth Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFxkSsb8p3fCrx0Z3i59REX Equity in the Distribution of Income Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEFqlgvMNOhJ3pei2zXyuhD Fiscal Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGCPnKi4Er5FH8s_SV_WXH3 Monetary Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCISVn47ZJzL7qx291zlS7 Supply-Side Policies Series https://www.youtube.com/playlist?list=PLNI2Up0JUWkGczuu4Frzrw9oBgp2GU4e5 Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 2460 Econ Course Companion
WORLD RANK 2017 | TOP 21 Richest Countries - Highest GDP Per Capita Income in the World 2017
 
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2017 Wealthiest Countries in the World based on Purchasing Power Parity of GDP Per Capita. GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. WORLD'S TOP 21 RICHEST COUNTRIES 2017 | based on Purchasing Power Parity GDP per capita ------------------- World richest countries in 2017 Highest gdp per capita Per capita gdf 2017 Asian economy 2017 Strongest country in the world Country with highest gdp Gdp per capita 2017 Gdp per capita ppp 2017 Gdp per capita Gdp per capita ppp Rich people World economy Richest countries 2017 Rich countries 2017 US economy Germany economy 2017 WorldBank forecast World growth forecast Forecast 2017 Richest countries in the world Wealthiest countries gdp per capita ppp Wealthiest countries gdp per capital ppp 2017 India per capita ppp Gdp per capita ranking 2017 World countries economy 2017 Purchasing power by country Purchasing power Purchasing power 2017 Highest gross domestic product cities per capita What is gdp ppp Gross domestic product ppp Gross domestic product ppp 2017 Gross domestic product 2017
Views: 13702 Channel R
Top Countries by GDP Per Capita Over 200 Years (1800-2016) | The Wealth of Nations (Narrated)
 
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If you would like to take a deeper dive into the data, visit http://nobledatum.com/thewealthofnations Look at the economic history of the world, from 1800-2016 through the lens of GDP per capita. If you would like to learn more about Economic History, check out these books: The Ascent of Money: https://amzn.to/2DhupUS A Little History of Economics: https://amzn.to/2Gev2zj From the industrial revolution, through the great depression, all the past the 2008 financial crises. What caused great prosperity, what caused great economic downfalls? How has inequality, and economic activity changed. We try to answer these questions. All values in this video were adjusted for inflation relative to the US dollar in 2011. Correction: WW2 started in 1939, not 1935. Visualization created using Flourish Studio: https://flourish.studio/2019/03/21/bar-chart-race/ Data from the Madison Historical Project: https://www.rug.nl/ggdc/historicaldevelopment/maddison/releases/maddison-project-database-2018 Supplementary Data from the World Bank: https://data.worldbank.org/ Music credit to Bensound: https://www.bensound.com/royalty-free-music Narration from Amazon Polly: https://aws.amazon.com/polly/ Credit to Matt Navara for creating the bar chart race: https://twitter.com/MattNavarra Definitions: Gross Domestic Product (GDP): Measurement of a nation’s overall economic activity. It is the total sum of all finished goods and services created within a nation. GDP Per Capita: The total sum of a nations GDP divided by the population. Inflation: The rate at which the price of a basket of goods is increases. Usually expressed as a percentage. Transcript: We start in 1800, midway through the industrial revolution. A spark ignited in the United Kingdom, that would gradually spread unprecedented prosperity throughout the world. At this time, unprecedented wealth means that the average person in the UK produced less than $6 of economic activity a day. However, this makes them 3 times wealthier than the average Polish resident. Who produced less than $2 a day. In 1815 the Napoleonic wars come to an end. Mainland Europe begins to rebuild and take part in the industrial revolution. In 1833, Slavery is finally abolished in the United Kingdom In 1845, Ireland was hit by the Potato Famine. Over 1 million Irishmen to emigrate to the U.S., U.K. and Australia. During this time, over 3 million people would immigrate from Europe to these 3 countries. In 1850 gold is discovered in Australia sparking a gold rush. The gold rush will eventually fuel a speculative boom in the property market. At this point, the citizens in the top 3 countries produce just over $10 a day. While working an average, of 60 hours a week. Which is considered luxurious, because in Belgium, the average employee works over 70 hours a week, to produce 23% less in economic activity. In 1890 Australia’s property boom collapses. Australia’s federal bank falls and sets off a series of bank failures throughout the continent. From 1900 to 130 the US sees widespread adoption of electricity. The average US citizen is now the wealthiest in the world, producing more than $20 a day. In 19313 the United States establishes the federal reserve. And in 1914, the world descends into the first world war. Cheap credit from central banks fuel the economic boom known as the Roaring twenties. Cheap credit eventually collapses the economy, and in 1929, the world enter the great depression. In 1933 FDR signs The New Deal And in 1935 the world falls back into the second world war. The U.S. exits the war with incredible and sustained economic growth. The era is marked by massive leaps in technology, productivity and culture. It will come to be known as the golden age of capitalism. In 1960, several of the top oil producing nations come together to form OPEC. Starting in 1973, politics within OPEC force oil prices to rise from $3 to $28 a barrel, by the end of the decade. Western countries start demanding less oil, which leads to a massive oversupply. In 1980 oil prices begin to crash. However, the UAE successfully diversifies their economy. They are no longer entirely reliant on the price of oil. 9/11 2001, terrorists strike the world trade center. 2 years later the US invades Iraq, making oil prices spike once again. This lasts until the housing market crashes, sparking the global financial crises, and oil prices begin to fall. This brings us to current times. Global GDP per capita is now $17,300. According to the World Bank, 101 out of 183 countries are now considered "high" or "upper middle income" But 50 are still poorer than the U.S. was in 1800 at the beginning of this video
Views: 47213 Noble Datum
What is GDP, GNP, NDP, NNP and Per Capita Income ?
 
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This Video Explains the Concepts of Gross Domestic Product, Gross National Product, Net Domestic Product, Net National Product and Per Capita Income. To Prepare for Central and State Civil Services Exam, Download the PrepMate Android App https://play.google.com/store/apps/details?id=in.prepmate.mobile https://prepmate.in/ Want to know How PrepMate-Cengage Book Series Performed In Prelims 2018? - Out of 100 questions, 65 questions were covered completely - 43 questions' statements were ditto as written in the books - 11 Questions were covered partially To see the full details, click on the link given below: https://prepmate.in/app/uploads/2018/06/2018-Prelims-Detailed-Solutions-along-with-Source-Analysis-.pdf To Order Prepmate Cengage Book Series, Visit The Link Given Below:- https://prepmate.in/books/
Views: 67014 PrepMate Edutech
Top 10 Countries GDP per capita Ranking History (1960-2019)
 
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GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Like, Share & Subscribe for more Ranking videos! 🔔 SUBSCRIBE TO US ► https://www.youtube.com/c/dataraces?sub_confirmation=1 Support us on Patreon & Instagram: https://www.patreon.com/dataraces https://www.instagram.com/dataraces/ Watch our previous video: https://youtu.be/wtc5J1CyvnE ------------------------------------------------------------------------------------------------- ✧ CREDITS ✧ Datasource: Based on www.oecd.org/sdd/na/ Music: Description: https://www.youtube.com/c/NCMEpicMusic Composed: By Ender Güney Spotify: Ender Guney - https://open.spotify.com/artist/0Gox0... Country flags: Icons made by Freepik from www.flaticon.com
Views: 4765 DataRaces
India and Pakistan Standard of Living Comparison [GDP per capita] (1980-2023)
 
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Standard of Living Comparison of two biggest countries in Indian Subcontinent/South Asia. This video Demonstrate that how India GDP per capita was only 60% in GDP per capita of Pakistan in early 1990s , Bit thanks to its IT revolution and visionary leadership of Atal Bihari Vajapayee, Dr. Manmohan Singh and Narendra Modi, now India has per capita GDP of 40% more than that of Pakistan.
Views: 6896 Just Data
ASEAN GDP per Capita (1960 2023)
 
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[Data Visualization] The dynamic graph shows GDP per capita or GDP per person of ASEAN from 1960 to present. Data is forcasted to 2023 by IMF. ASEAN includes Thailand, Singapore, Myanma, Lao, Cambodia, Vietnam, Brunei, Malaysia, Indonesia and Philippines. 👍 Top 10 Olympic Gold Medal Country (1896-2016): https://youtu.be/d8CKzA5Ko7M 👍 Top 10 Richest People In The World (1996-2018): https://youtu.be/ElaOQmqGDDw 👍 Top 10 Biggest US Company by Revenue (1955-2018) https://youtu.be/7PEaEwptGQc #ThaloStats #DynamicGraph #ASEAN SUBSCRIBE my chanel: https://www.youtube.com/channel/UCRRaOrI4yp4FoHzC44owIrg Data taken from: 1/ Worldbank.org 2/ Imf.org ---- Facebook: https://www.facebook.com/ThaloStats
Views: 62154 ThaLoStats
Top 20 Poorest European Countries by GDP Per Capita [2000-2017]
 
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It's time to talk about Poorest European Countries! Please give a like and subscribe my channel if you like my content and see more of them.
Views: 962 Bar Chart Race
Top 10 Worlds Poorest Countries 2018 By GDP Per Capita
 
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Top 10 Worlds Poorest Countries 2018 By GDP Per Capita 10 Kyrgyzstan $1222 09 Tanzania $1112 08 Uzbekistan $1026 07 Yemen $998 06 Ethopia $938 05 Haiti $874 04 Tajikistan $836 03 Uganda $738 02 Mozambique $486 01 Republic Of Cango $468 Music: https://www.youtube.com/watch?v=K4DyBUG242c Subscribe Channel: https://www.youtube.com/channel/UCDAoxvMgIGFkGfzpfXHO_mQ?view_as=subscriber Thanks For Watching
Views: 188 World Tv
Real GDP Per Capita
 
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Link to guided notes: https://docs.google.com/document/d/15_ME7w55mM_9ZVS7n2tInPacSeVGEd1Dm8r-Cjj-hLg/edit?usp=sharing Subscribe and hit the bell to see a new videos. Subscribe here ►https://goo.gl/7sNYbR
Views: 696 Mr. Sinn
Income per Person (GDP per capita) by Country 1800-2018
 
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Subscribe for more data visualizations :) ► Music Credit: LAKEY INSPIRED Track Name: "Better Days" Music By: LAKEY INSPIRED @ https://soundcloud.com/lakeyinspired Original upload HERE - https://www.youtube.com/watch?v=RXLzv... Official "LAKEY INSPIRED" YouTube Channel HERE - https://www.youtube.com/channel/UCOmy... License for commercial use: Creative Commons Attribution 3.0 Unported "Share Alike" (CC BY-SA 3.0) License. Full License HERE - https://creativecommons.org/licenses/... Music promoted by NCM https://goo.gl/fh3rEJ
Views: 1008 Datagasm
Top 15 Countries by GDP per capita (1800-2019)
 
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GDP per capita, constant PPP dollars: GDP per capita measures the value of everything produced in a country during a year, divided by the number of people. The unit is in international dollars, fixed 2011 prices. The data is adjusted for inflation and differences in the cost of living between countries, so-called PPP dollars. Datasource: IMF & Gapminder Music by WhiteSand https://www.youtube.com/watch?v=LD8YNlnySxs
Views: 1076 VideoCurry
Top 20 Country GDP per capita (1960-2023)
 
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Music: Journeyman by Aakash Gandhi (copyright free)
Views: 730 Joshua Kim
What is GDP ? - Basic Concept (Urdu)
 
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GDP is a very handy method of identifying a country's growth and economic condition. This term is widely used on TV, Social media, radio, NEWS papers and especially used by our politicians. However, a huge number of people still do not understand GDP. In this video I have tried to explain this concept in a basic and simplified manner. Link for Appendix video: https://youtu.be/gboZFvM2HYI I have taken references from the following sources: -https://en.wikipedia.org/wiki/Gross_domestic_product -https://en.wikipedia.org/wiki/Simon_Kuznets -https://www.thesolutionsjournal.com/article/a-short-history-of-gdp-moving-towards-better-measures-of-human-well-being/ -https://www.youtube.com/watch?v=rGqhTQyY6g4 Background Music: Cool Ride by Audionautix is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Artist: http://audionautix.com/
Views: 148627 Random Guy
Top 15 States in India Ranked By GDP Per Capita (1981 - 2016)
 
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This video shows the GDP (in Rupees) per person for the Top 15 Indian states from 1981 to 2016. The data was obtained by dividing the GDP of a state (calculated using different base years) by the extrapolated population of a particular year based on Indian Census. Hence, while the numbers might be off based on the base year of calculating GDP, the relative order must be consistent. Do you want to be featured in the channel? Send a video of yourself to react to any of India in Pixels' videos and you will be a part of our upcoming series 'India reacts to India in Pixels!'. Just get your mobile camera/laptop camera to film you while you watch any of our videos and send us the reaction video link (YouTube / Google Drive) at [email protected] with the title 'India in Pixels Reaction Video' with your name and YT Channel name. I will give you a personal shout out if your reaction gets featured. Support me on Buymeacoffee: https://www.buymeacoffee.com/iashris Facebook: https://www.facebook.com/indiainpixels Source: NITI Aayog + Indian Census Music: Aimless Amos Have a look at the work I do at https://iashris.com
Views: 76689 India in Pixels
Top 10 Poorest Countries in Asia 2019 by Nominal GDP Per Capita
 
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Asia is the biggest continent by both area and population. But some countries are still very poor. Here are the top 10 poorest countries ranked by nominal GDP Per Capita. Sources: Wikipedia Keywords and Tags: Asia, poorest countries in asia, india, pakistan, bangladesh, poorest country, yemen, afghanistan, north korea, tajikistan, kyrgyzstan, top 10 country, country tanking, documentary, gdp per capita nominal, poverty in asia, slums, poorest countries in the world, asia, poor, gdp per capita, country ranking, top 10 poorest countries in the world 2018, 2018, purple stickman, country rankings, south sudan burundi gdp malawi gdp central african republic yemen gdp mozambique democratic republic of congo madagascar gdp the gambia, poorest countries, poorest country, poverty in asia 2018, gdp per capita ranking, poorest countries in asia 2018, world's top 10 poorest countries 2018, top 10 poorest countries in the world 2018, poorest countries in asia
Views: 1493 Purple Stickman
Calculation of per capita GDP
 
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Sample calculation of per capita GDP. For www.inflateyourmind.com, Principles of Macroeconomics by John Bouman.
Views: 14525 John Bouman
History Of All European Union Countries GDP (Nominal) Per Capita - Dynamic Chart Ranking Comparison
 
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How did all European Union countries developed over measured time? How did the financial and European debt crisis affect the development of these countries? Let's find out and discuss. CAUTION: 1. There were no data available for post-communist countries until the date of their transformation or until the first measurement by the World Bank. 2. Great Britain is included since it didn't leave by the year of 2017. 3. GDP (Nominal) is a measure which consists of gross domestic product divided by the population. Value briefly represents the economic position of individuals but does not take into consideration the prices of goods within specific countries or regions. Numbers may vary from one source to another based on a methodical approach to the collection of data. 4. Numbers present are the average of all individuals including children, students, unemployed and retired expressed in international USD value to date (21.04.2019). 5. Data for Cyprus were available from 1975. Estimating the value from 1970 - 1974 would lead to misleading numbers since no similar region is part of the Union. Malta is a differently developed country and wasn't used to estimate Cyprus standing. 6. Current integration progress was taken into account which means the EU consists of 28 sovereign countries closely integrated and cooperating on various levels. Candidate countries were not taken into comparison. World bank data were used, please visit www.worldbank.org. Music: AShamaluevMusic - Epic Inspirational and Cinematic Motivational Background Music Hit the like button if you liked the video and don't forget to subscribe for more interesting statistics!
Views: 896 Lionwork Statistics
India vs Pakistan & China Economy Power-GDP per capita-Growth Comparison from 1990.2017-2018 History
 
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India vs Pakistan & China Economy Power Comparison -GDP per capita-Growth Comparison from 1990.2017-2018 History Animated Chart Not Many will believe , Pakistan gdp per capita was more than China and India in 1990. ANIMATED 27 Years History of India vs Pakistan vs China Economy-Who is the Richest?Money Power Comparison-GDP . India , China are worlds oldest economic super powers and hold a significant portion of world economy . They are also the fastest growing economies of the world . This comparison of riches between India , china and Pakistan is based on 27 years of data for GDP - PPP and GDP per capita data. History of Chinese, Indian and Pakistan economy comparison is presented in form of animated video for all 3 countries for a simple understanding.
Views: 13137 TUINT
How to Calculate Nominal GDP & GDP per capita
 
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macroeconomics Portugal
Views: 2332 TRAVIS KLEIN
GDP per Capita - TOP 20 Countries (World Bank)
 
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-What is Gross Domestic Product? -What is GDP per Capita? Subscribe for more awesome dynamic statistics! https://www.youtube.com/channel/UCAFb4p0Xn19QIbz2V6I3pKg?sub_confirmation=1 Credits: app.flourish.studio Source: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2017&start=1960&year_high_desc=true #GDP #GDPperCapita #DataIsBeautiful
Views: 2541 Racing Statistics
Top 10 Country GDP Ranking History (1960-2017)
 
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This video shows the Top 10 countries with highest GDP from 1960 to 2017. This country GDP ranking includes countries such as, United States, China, Japan, Germany, United Kingdom, etc. Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Twitter: https://twitter.com/wawamustats Facebook: https://fb.me/wawamustats Data Taken from: https://www.worldbank.org Future Top 10 Country GDP Ranking (Part 2): https://youtu.be/T9l2yCH5wBk Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 875029 WawamuStats
Top 10 Countries by Per Capita Income
 
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Top 10 Countries by Per Capita Income: Income per capita is a measure of the amount of money earned per person in a certain area. It can apply to the average per-person income for a city, region or country, and is used as a means of evaluating the living conditions and quality of life in different areas. TOP 10 ECONOMIES OF 2018 IN TERMS OF GDP TOP 10 RICH COUNTRIES IN 2018 #percapitaincome #top10 #richestcountry
Views: 8676 Dr. Top 10
Growth in GDP per capita in South Asia
 
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This video displays the growth in GDP per capita (current US $) in South Asia between 2001 and 2016. Throughout this period, Nepal’s GDP per capita is the second lowest in the region. www.nepalindata.com
Views: 3686 Nepal in Data
GDP, GDP Per Capita, and the Standard of Living
 
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Justin Hendrickson Econ Period 1 - created at http://goanimate.com/
Views: 7431 itsjustinhendrickson
TOP 20 European Countries by GDP per capita💲(2018)
 
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🌍Top 20 European Countries by Nominal GDP Per Capita 2018
Views: 1165 AM Edits
India vs Pakistan vs Korea vs Indonesia: Everything Compared (1970-2017)
 
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This video will compare countries using some of the most important aspects, which includes but not limited to GDP, GDP per capita, military expenditure, exports and imports of goods and services, life expectancy, population, HDI, etc... In this video, we will explore India, Pakistan, South Korea, and Indonesia in detail from 1970 to 2017. Twitter: https://twitter.com/wawamustats Facebook: https://fb.me/wawamustats Source: OECD & SIPRI Special Thanks to Our Patrons: C&MHansen, Daniel Castle Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 419180 WawamuStats
World's Richest Countries by GDP | Per Capita | Top 10 Richest Country 2017 List
 
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Do you know? What are Top 10 Richest Countries in The World (2017)? Know about world's richest countries by GDP | Per Capita [2017 List]. In fact, these wealthiest Nations has world's strongest economy, and this list is based on their GDP and (PPP) Per Capita or say annual income of per person living in these wealthy countries. NOTE: Income Stats that are used in this video are taken from Forbes, to make it much more legit and accurate. So, the list of Top 10 Richest Countries in The World of 2017 is here: 10. Netherlands Population - 16.9 million GDP (PPP) Per Capita: $40,975 (As estimated from 2009-2016) The Dutch are more than just a tulip country. Its success comes from three key sectors mining, agriculture, and manufacturing. 9. Switzerland GDP (PPP) Per Capita: $42,310 (As estimated from 2009-2016) Swiss banking and financial institutions keep this country and its economy a float. Zurich and Geneva, Switzerland's most well-known cities, have consistently ranked among the top ten highest living standard cities in the world. 8. Hong Kong Population in 2016 - 7,346,248 GDP (PPP) Per Capita: $46,110 (As estimated from 2009-2016) Hong Kong is an autonomous territory, and former British colony, in southeastern China. Its vibrant, densely populated urban center is a major port and global financial hub with a skyscraper-studded skyline. 7. United States of America (U.S.A) GDP (PPP) Per Capita: $46,870 (As estimated from 2009-2016) While most nations on the list have small populations (relatively), it is impressive that the world's largest economy. The United States, can maintain a per capita GDP (PPP) of $46,870, considering its population of over 315 million people. 6. United Arab Emirates (U.A.E.) GDP (PPP) Per Capita: $47,440 (As estimated from 2009-2016) The UAE is the second largest economy in the Arab world after Saudi Arabia. This Middle Eastern federation of emirates has a land area of about 32,278 sq. miles, which means it could easily fit within New York State (54,556 sq. miles). With a population of 9.2 million people, it's a bit more populated than the state of New Jersey. A third of the $47,440 per capita economy comes from oil revenues, while the service sector and telecommunications also contribute significantly. 5. Brunei GDP (PPP) Per Capita: $48,410 (As estimated from 2009-2016) Brunei, a small country with a wealthy economy that is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition has led to GDP per capita (PPP) of 48,410. It is almost completely supported by exports of crude oil and natural gas. Like other oil countries in the list the government has shown progress in diversifying the economy away from just oil and gas. 4. Norway GDP (PPP) Per Capita: $51,850 (As estimated from 2009-2016) Driven by fishing, natural resources, and major petroleum exploration, Norway is the eighth largest exporter of crude oil. Norway is the 9th largest exporter of refined oil, and 3rd largest exporter of natural gas in the world. This Nordic nation's per capita GDP of $51,850 allows its 4.97 million people to reap the benefits of a small yet robust economy. 3. Singapore GDP (PPP) Per Capita: $56,690 (As estimated from 2009-2016) The basis of Singapore's wealth is its financial services sector, a chemical export industry, and its liberal economic policies that encourage growth and innovation. Singapore has the second busiest port in the world, exporting $414 billion of goods in 2011 alone. This tiny city-state has moved up from 5th position to take 3rd with per capita income (PPP) of $56,690 which is five times the average per capita income for an ordinary individual in the world. 2. Luxembourg GDP (PPP) Per Capita: $81,456 A symbol of wealth, number two on the list has a per capita GDP (PPP) of $81,456 The backbone of this strong economy is its vibrant financial sector, prudent fiscal policies, and dynamic industrial and steel sectors. Banking in Luxembourg is the largest sector of its economy with an asset base of over $1.24 trillion alone. 1. Qatar GDP (PPP) Per Capita: $88,220 (As estimated from 2009-2016) Qatar ranks number one on the list of the top 10 richest nations because of its high GDP (PPP) per capita of $88,220. Qatar has a well-developed oil exploration industry where the petroleum industry accounts for 70% of its government revenue, 60% of its GDP and 85% of its export earnings. However, Qatar is also the most controversial country on the list for its use of forced labor from nations throughout Asia and parts of Africa. Now you know about world's Top 10 Most wealthiest countries,. Please do like, share and comment this video. SUBSCRIBE US HERE: https://www.youtube.com/c/networthm and click the red subscribe button including bell icon for instant updates. Also visit our official website: http://networthm.com Thanks of you appreciations in advance!
Views: 5630 Networthm