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Aug 7, 2017 · An economy in freefall. The heady days of 2001 – when Venezuela was the richest country on the continent – are long gone. The economy shrank by 18.6% last year. In 2017, it’s 35% smaller than it was in 2013, at least in terms of GDP, and 40% lower in GDP-per-capita terms. Inflation stood at an eye-watering 800% last year and there have ...
Oct 13, 2020 · This chart from Howmuch.net is based on World Bank data for Gross Domestic Product (GDP) for 2019. Only 16 economies had a GDP higher than $1 trillion, with the US by far the biggest economy at more than $21 trillion – making up just under a quarter of the global total of almost $88 trillion. China was the second largest at more than $14 ...
Dec 10, 2021 · On average, an individual from the top 10% will earn $122,100, but an individual from the bottom half will earn just $3,920. And, when it comes to wealth (valuable assets and items over and above income), the gap is even wider. The poorest half of the global population owns just 2% of the global total, while the richest 10% own 76% of all wealth.
Jan 15, 2024 · On the economic front, India has been a key growth engine for the world, contributing 16% to the global growth in 2023. The country’s growth rate of 7.2% in fiscal 2022-2023 was the second-highest among the G20 countries and almost twice the average for emerging market economies that year.
Nov 20, 2018 · Image: OECD. “In many countries, the depth as well as breadth of poverty has increased in recent years,” the OECD says in its report. “The income of children in low-income families has dropped, with the largest declines for children in families with the smallest incomes.”. November 20 is UNICEF’s World Children’s Day, which aims to ...
Apr 18, 2018 · The United States has the largest economy in the world at $20.4 trillion, according to data from the International Monetary Fund (IMF), which shows the US economy increased from around $19.4 trillion last year. China follows, with $14 trillion, which is an increase of more than $2 trillion in comparison to 2017.
Oct 23, 2019 · 3. China has the most people in the top 10%: 100 million. In the 21st century, total household wealth in China has risen from $3.7 trillion to $63.8 trillion and it’s second only to the United States for total household wealth. It now has 4.4 million millionaires and reached a landmark this year, overtaking the US for the first time to become ...
Oct 5, 2021 · Listen to the article. UN agencies have called for more investment in teachers on World Teachers’ Day, 5 October. On average, teachers in OECD countries earn 81-96% of the salaries of tertiary-educated workers. Teachers in Luxembourg with more than 15 years’ experience can expect to earn more than £109,000.
Mar 9, 2017 · India is in seventh place with $2 trillion, and Italy in eighth with an economy of over $1.8 trillion. Ninth place goes to Brazil, with an almost $1.8 trillion economy. And in 10th is Canada, with an economy of over $1.5 trillion. The economy of the United States is larger than the combined economies of numbers three to 10 on the list.
Feb 19, 2020 · India, in this ranking, has leapfrogged France and the UK. Despite its growth, challenges remain, from sustainability to infrastructure. India became the world’s fifth largest economy last year, according to data from the IMF’s October World Economic Outlook. When ranked by nominal GDP, the country leapfrogged France and the UK.
