query: rank of indian economy in terms of nominal gdp

pos: Economy of India sanctioned for the Indian military for the financial year 2017 was (US$53.5 billion). Defence spending is expected to rise to US$62 billion by 2022. The pulp and paper industry in India is one of the major producers of paper in the world and has adopted new manufacturing technology. The services sector has the largest share of India's GDP, accounting for 57% in 2012, up from 15% in 1950. It is the seventh-largest services sector by nominal GDP, and third largest when purchasing power is taken into account. The services sector provides employment to 27% of the work force. Information technology

pos: History of Asia the Russian premier, Nikita Khrushchev. Today China, India, South Korea, Japan and Russia play important roles in world economics and politics. China today is the world's second largest economy and the second fastest growing economy. Indian economy is the seventh-largest in the world by nominal GDP and the third-largest by purchasing power parity and is the fastest growing economy. History of Asia The history of Asia can be seen as the collective history of several distinct peripheral coastal regions such as, East Asia, South Asia, and the Middle East linked by the interior mass of the Eurasian steppe. The coastal

pos: Economy of India sanctioned for the Indian military for the financial year 2017 was (US$53.5 billion). Defence spending is expected to rise to US$62 billion by 2022. The pulp and paper industry in India is one of the major producers of paper in the world and has adopted new manufacturing technology. The services sector has the largest share of India's GDP, accounting for 57% in 2012, up from 15% in 1950. It is the seventh-largest services sector by nominal GDP, and third largest when purchasing power is taken into account. The services sector provides employment to 27% of the work force. Information technology

neg: Economy of Oklahoma Economy of Oklahoma The economy of Oklahoma is the 29th largest in the United States. Oklahoma's gross state product (GSP) is approximately $185.6 billion as of December 2016. The history of Oklahoma's GSP according to the Bureau of Economic Analysis, in nominal terms, with percentage of total to GDP of the United States: The development of the Oklahoma's GSP according to the Bureau of Economic Analysis, in nominal terms, with comparison to growth of the economy of the United States: Industries value added to Oklahoma GDP in Q4 2016. Sectors percentages are compared to sector percentages of United States GDP.

neg: Economy of India Economy of India The economy of India is a developing mixed economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks 139th in per capita GDP (nominal) with $2,134 and 122nd in per capita GDP (PPP) with $7,783 . After the 1991 economic liberalisation, India achieved 6-7% average GDP growth annually. Since 2014 with the exception of 2017, India's economy has been the world's fastest growing major economy, surpassing China. The long-term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio,

neg: Economy of Pakistan Economy of Pakistan The economy of Pakistan is the 23th largest in the world in terms of purchasing power parity (PPP), and 42nd largest in terms of nominal gross domestic product. Pakistan has a population of over 207 million (the world's 5th-largest), giving it a nominal GDP per capita of $1,641 in 2018, which ranks 147th in the world and giving it s PPP GDP per capita of 5,709 in 2018, which ranks 130th in the world for 2018. However, Pakistan's undocumented economy is estimated to be 36% of its overall economy, which is not taken into consideration when calculating

neg: Economy of the European Union Services and Capital Markets Union, Valdis Dombrovskis, former Prime Minister of Latvia, is responsible for delivery of the initiative. Many EU cities are financial centres; financial institutions and companies located in the United Kingdom, especially, provide significant financial services to companies located within the EU.<ref> Economy of the European Union The European Union is the second largest economy in the world in nominal terms and according to purchasing power parity (PPP). The European Union's GDP was estimated to be $18.8 trillion (nominal) in 2018, representing ~22% of global economy (Nominal global GDP). The euro, used by 19 of its 28

neg: Economy of the European Union Economy of the European Union The European Union is the second largest economy in the world in nominal terms and according to purchasing power parity (PPP). The European Union's GDP was estimated to be $18.8 trillion (nominal) in 2018, representing ~22% of global economy (Nominal global GDP). The euro, used by 19 of its 28 members, is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. The euro is the official currency in 25 countries, in the eurozone and in six other European countries, officially or "de facto."

neg: Economy of Thailand comparison with neighboring countries in terms of GDP per capita. In 2011, China's nominal GDP per capita surpassed Thailand's, giving the latter the lowest nominal GDP per capita of its peers. According to the IMF, in 2012 Thailand ranked 92nd in the world in its nominal GDP per capita. The number of Thailand's poor declined from 7.1 million persons in 2014, 10.5 percent of the population, to 4.9 million persons in 2015, or 7.2 percent of the population. Thailand's 2014 poverty line was defined as an income of 2,647 baht per month. For 2015 it was 2,644 baht per month.

neg: Real gross domestic product 100. It gives an indication of the overall level of price change (inflation or deflation) in the economy. Real GDP growth on an annual basis is the nominal GDP growth rate adjusted for inflation. It is usually expressed as a percentage. Nomenclature: "GDP" may refer to "nominal" or "current" or "historical" GDP, to distinguish it from the real GDP. The real GDP is sometimes called "constant" GDP because it is expressed in terms of constant prices. Depending on context, "GDP" may also refer to real GDP. Real gross domestic product Real gross domestic product (real GDP) is a macroeconomic measure

neg: Comparison between U.S. states and countries by GDP (PPP) classified as such. Note2: As the PPP is calculated in U.S. dollars for all countries there is no difference for the US economy in Nominal or in PPP terms as both are the same value for the U.S.. Note3: This table does not take into account the differences in the cost of living between U.S. states. Comparison between U.S. states and countries by GDP (PPP) This is a comparison between U.S. states and countries by Gross Domestic Product (PPP). Many of the states of the United States have large Gross Domestic Product (called gross state product) which would rank highly

neg: Economy of Beijing Economy of Beijing Beijing's economy ranks among the most developed and prosperous in China. In 2013, the municipality's nominal gross domestic product (GDP) was CN￥1.95 trillion (US$314 billion). It was about 3.43% of the country's total output, and ranked 13th among province-level administrative units. Per capita GDP, at CN￥93,213 (US$15,051) in nominal terms and Int$21,948 at purchasing power parity, was 2.2 times the national average and ranked second among province-level administrative units. The city has a post-industrial economy that is dominated by the tertiary sector (services), which generated 76.9% of output, followed by the secondary sector (manufacturing, construction) at 22.2%

neg: Oceania in the South Pacific. New Zealand is the 53rd-largest national economy in the world measured by nominal gross domestic product (GDP) and 68th-largest in the world measured by purchasing power parity (PPP). In 2012, Australia was the 12th largest national economy by nominal GDP and the 19th-largest measured by PPP-adjusted GDP. Mercer Quality of Living Survey ranks Sydney tenth in the world in terms of quality of living, making it one of the most livable cities. It is classified as an Alpha+ World City by GaWC. Melbourne also ranked highly in the world's most liveable city list, and is a

neg: Economy of Asia The Economy of India is the sixth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP). The country is classified as a newly industrialized country, one of the G-20 major economies, a member of BRICS and a developing economy with an average growth rate of approximately 7% over the last two decades. Maharashtra is the richest Indian state and has an annual GDP of US$320 billion, nearly equal to that of Pakistan or Portugal, and accounts for 12% of the Indian GDP followed by the states of Tamil Nadu and Uttar Pradesh. India's economy became

neg: Economy of the United States ranked 20th out of 220 countries in GDP per capita in 2017. Among the modern U.S. Presidents, Bill Clinton had the highest cumulative percent real GDP increase during his two terms, Reagan second and Obama third. The development of the nation's GDP according to World Bank: US real GDP grew by an average of 1.7% from 2000 to the first half of 2014, a rate around half the historical average up to 2000. Nominal GDP sector composition, 2015 (in millions of dollars) at 2005 constant prices Nominal GDP Sector Composition, 2016 (in millions of dollars) at current prices. There were

neg: Indonesia is the world's 16th largest economy by nominal GDP and 7th largest in terms of GDP at PPP, estimated to be US$1.074 trillion and US$3.481 trillion respectively. Its per capita GDP in PPP is US$13,120 while nominal per capita GDP is US$4,116. The debt ratio to GDP is 29.2%. The services are the economy's largest sector and accounts for 43.6% of GDP (2017), followed by industry (39.3%) and agriculture (13.1%). Since 2009, it has employed more people than other sectors, accounting for 47.1% of the total labour force, followed by agriculture (31.1%) and industry (21.7%). Over time, the structure of

neg: Economy of Australia Economy of Australia The economy of Australia is a large mixed-market economy, with a GDP of A$1.69 trillion as of 2017. Australia is the second-wealthiest nation in terms of wealth per adult, after Switzerland, however, in 2018 it overtook Switzerland and it became the country with the largest median wealth per adult. Australia's total wealth was AUD$8.9 trillion as of June 2016. In 2016, Australia was the 14th-largest national economy by nominal GDP, 20th-largest by PPP-adjusted GDP, and was the 25th-largest goods exporter and 20th-largest goods importer. Australia took the record for the longest run of uninterrupted GDP growth in

neg: Economy of Curaçao Economy of Curaçao Curaçao has one of the highest standards of living in the Caribbean, ranking 46th in the world in terms of GDP (PPP) per capita and 28th in the world in terms of nominal GDP per capita. It possesses a high income economy, as defined by the World Bank. The island has a well-developed infrastructure with strong tourism and financial services sectors. Shipping, international trade, oil refining, and other activities related to the port of Willemstad (like the Free Trade Zone) also make a significant contribution to the economy. To achieve the government's aim to make its economy

neg: Economy of Nigeria Economy of Nigeria Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. It is ranked as the 30th-largest economy in the world in terms of nominal GDP, and the 23rd-largest in terms of purchasing power parity. It is the largest economy in Africa; its re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the West African subcontinent. In addition, the debt-to-GDP ratio is 11 percent, which is 8 percent below the 2012 ratio. Previously hindered by years

neg: Curaçao high standard of living, ranking 46th in the world in terms of GDP (PPP) per capita and 27th in the world in terms of nominal GDP per capita. Curaçao possesses a high income economy, as defined by the World Bank. Activities related to the port of Willemstad (like the Free Trade Zone) make a significant contribution to the economy. To achieve the government's aim to make its economy more diverse, efforts are being made to attract more foreign investment. This policy, called the "Open Arms" policy, features a heavy focus on information technology companies. Reduced foreign demand due to Venezuelan

neg: Economy of Indonesia Economy of Indonesia Indonesia has the largest economy in Southeast Asia and is one of the emerging market economies of the world. The country is also a member of G20 and classified as a newly industrialised country. It is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP). Its GDP per capita, however, ranks below the world average. Indonesia still depends on domestic market and government budget spending and its ownership of state-owned enterprises (the central government owns 141 enterprises). The administration of prices of a range of basic goods

neg: Economy of Indonesia to afford food after price hikes. At the end of 2017, Indonesia's inflation rate was 3.61 percent, above the government-set forecast of 3.0–3.5 percent. Economy of Indonesia Indonesia has the largest economy in Southeast Asia and is one of the emerging market economies of the world. The country is also a member of G20 and classified as a newly industrialised country. It is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP). Its GDP per capita, however, ranks below the world average. Indonesia still depends on domestic market and government

neg: Economy of Curaçao Caribbean Financial Action Task Force on Money Laundering. The country strongly enforces Anti-Money Laundering and Counter-Terrorism funding compliance. Economy of Curaçao Curaçao has one of the highest standards of living in the Caribbean, ranking 46th in the world in terms of GDP (PPP) per capita and 28th in the world in terms of nominal GDP per capita. It possesses a high income economy, as defined by the World Bank. The island has a well-developed infrastructure with strong tourism and financial services sectors. Shipping, international trade, oil refining, and other activities related to the port of Willemstad (like the Free Trade

neg: Switzerland showed that Switzerland was the country with the highest average wealth per adult in 2013. It has the world's nineteenth largest economy by nominal GDP and the thirty-sixth largest by purchasing power parity. It is the twentieth largest exporter, despite its small size. Switzerland has the highest European rating in the Index of Economic Freedom 2010, while also providing large coverage through public services. The nominal per capita GDP is higher than those of the larger Western and Central European economies and Japan. If adjusted for purchasing power parity, Switzerland ranks 8th in the world in terms of GDP per

neg: Economy of the Arab League the highest total GDP is Saudi Arabia at Int$1.921 trillion (PPP), or 759.219 billion in current US dollars (nominal). Comoros has the lowest GDP at Int$1.45 billion (PPP), or US$781 million at nominal. The country with the highest GDP per capita is Qatar, at Int$133,357 (PPP), or US$68,977 (nominal). Yeman has the lowest, with a nominal GDP per capita of US$551 or $1,494 (PPP). Therefore, Qatar's nominal GDP per capita is around 125 times as high as that of Yemen. Economy of the Arab League The Arab League is rich in resources, with enormous oil and natural gas reserves. The

neg: Australia (continent) largest stock exchange in Australia and in the South Pacific. In 2012, Australia was the 12th largest national economy by nominal GDP and the 19th-largest measured by PPP-adjusted GDP. Tourism in Australia is an important component of the Australian economy. In the financial year 2014/15, tourism represented 3.0% of Australia's GDP contributing A$47.5 billion to the national economy. In 2015, there were 7.4 million visitor arrivals. Mercer Quality of Living Survey ranks Sydney tenth in the world in terms of quality of living, making it one of the most livable cities. It is classified as an Alpha+ World City by

neg: Economy of Chittagong the 4th century BC, when sailors from the area embarked on voyages to Southeast Asia. The 2nd century Graeco-Roman geographer Ptolemy mentioned the port on his map as one of the finest harbours in Asia and the eastern frontier of the Indian subcontinent. The 7th century travelling Chinese scholar and poet Xuanzang described it as "a sleeping beauty emerging from mists and water". A substantial share of Bangladesh's national GDP is attributed to Chittagong. The division generated approximately US$45 billion in nominal and US$176.06 billion in PPP terms, contributing around 21% of the nation's economy. Chittagong holds the status of

neg: World economy PPP terms: Brazil, China, India, Germany, France, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Turkey, the United Kingdom, the United States and the European Union. The following two tables list the country groups with individual countries designated by the IMF. Members of the G-20 major economies are in bold. The following two tables list the 25 largest economies by GDP (nominal), twenty largest economies by GDP (PPP). Members of the G-20 major economies are in bold. The following is a list of the twenty largest economies by nominal GDP at peak value as of the specific year according to International

neg: Economy of Africa been evident in recent years, however. The dawn of the African economic boom (which is in place since the 2000s) has been compared to the Chinese economic boom that had emerged in Asia since late 1970's. In 2013, Africa was home to seven of the world's fastest-growing economies. As of 2018, Nigeria is the biggest economy in terms of nominal GDP, followed by South Africa; in terms of PPP, Egypt is second biggest after Nigeria.. Equatorial Guinea possessed Africa's highest GDP per capita albeit allegations of human rights violations. Oil-rich countries such as Algeria, Libya and Gabon, and mineral-rich Botswana

neg: Economy of Sweden performance has improved. In 2009, Sweden had the world's tenth highest GDP per capita in nominal terms and was in 14th place in terms of purchasing power parity. Sweden has had an economic model in the post-World War II era characterized by close cooperation between the government, labour unions, and corporations. The Swedish economy has extensive and universal social benefits funded by high taxes, close to 50% of GDP. In the 1980s, a real estate and financial bubble formed, driven by a rapid increase in lending. A restructuring of the tax system, in order to emphasize low inflation combined with

neg: Economy of South Africa the mid-twentieth century to an economy driven primarily by the tertiary sector in the present day which accounts for an estimated 65% of GDP or $230 billion in nominal GDP terms. The country's economy is reasonably diversified with key economic sectors including mining, agriculture and fisheries, vehicle manufacturing and assembly, food processing, clothing and textiles, telecommunication, energy, financial and business services, real estate, tourism, transportation, and wholesale and retail trade. Mining has been the main driving force behind the history and development of Africa's most advanced economy. Large-scale and profitable mining started with the discovery of a diamond on the

neg: Economy of the United States the GDP to shrink by $0.60 for every dollar they are paid. A study by the Bank for International Settlements reached similar conclusions, saying the finance industry impedes economic growth and research and development based industries. Economy of the United States The economy of the United States is a highly developed mixed economy. It is the world's largest economy by nominal GDP and the second-largest by purchasing power parity (PPP). It also has the world's seventh-highest per capita GDP (nominal) and the eleventh-highest per capita GDP (PPP) in 2016. The US has a highly diversified, world-leading industrial sector. It is

neg: Economy of China Economy of China The socialist market economy of the People's Republic of China is the world's second largest economy by nominal GDP and the world's largest economy by purchasing power parity. Until 2015, China was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years. Due to historical and political facts of China's developing economy, China's public sector accounts for a bigger share of the national economy than the burgeoning private sector. According to the IMF, on a per capita income basis China ranked 71st by GDP (nominal) and 78th by GDP (PPP) per capita in 2016.

neg: Economy of India Before 2013, Indian companies were not allowed to list their securities internationally without first completing an IPO in India. In 2013, these security laws were reformed and Indian companies can now choose where they want to list first: overseas, domestically, or both concurrently. Further, security laws have been revised to ease overseas listings of already-listed companies, to increase liquidity for private equity and international investors in Indian companies. Events: Lists: Economy of India The economy of India is a developing mixed economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The

neg: India the sixth-largest economy by market exchange rates, and is, at US$9.459 trillion, the third-largest by purchasing power parity, or PPP. With its average annual GDP growth rate of 5.8% over the past two decades, and reaching 6.1% during 2011–12, India is one of the world's fastest-growing economies. However, the country ranks 140th in the world in nominal GDP per capita and 129th in GDP per capita at PPP. Until 1991, all Indian governments followed protectionist policies that were influenced by socialist economics. Widespread state intervention and regulation largely walled the economy off from the outside world. An acute balance of

neg: China terms of purchasing power parity (PPP) GDP, China's economy is the largest in the world, with a 2014 PPP GDP of US$17.632 trillion. In 2013, its PPP GDP per capita was US$12,880, while its nominal GDP per capita was US$7,589. Both cases put China behind around eighty countries (out of 183 countries on the IMF list) in global GDP per capita rankings. A survey by Swiss Bank UBS and PwC showed that in 2017 China produced billionaires at the rate of two a week. The number of billionaires increased in China from 318 to 373. From its founding in 1949

neg: BRIC surpassing Canada, Switzerland, Netherlands and Norway by 2030 and taking over the United States by 2040 to become the world's wealthiest major economy. While measuring the South Korean economy by nominal GDP is inaccurate as the South Korean won is artificially kept low to boost exports, IMF predicts South Korea's nominal GDP and GDP per capita will surpass Spain in 2015. Economists from other investment firms argue that even when measured by nominal GDP per capita, South Korea will achieve over $145,000 in 2040, surpassing the United States, suggesting that wealth is more important than size for bond investors, stating

neg: Comparison between U.S. states and sovereign states by GDP (nominal) per capita from various sources. Figures are taken from dates ranging from the years 2013 to 2017. These figures for 2009 are based on the International Monetary Fund list on List of countries by GDP (nominal) per capita for world GDP, and the List of U.S. states by GDP per capita (nominal) figures. Comparison between U.S. states and sovereign states by GDP (nominal) per capita This is a comparison between U.S. states and countries' per capita nominal gross domestic product. The U.S. is not counted as a whole in the overall rank because this would be double counting since the states of

neg: Nigeria official language is English. Nigeria is divided roughly in half between Christians, who live mostly in the southern part of the country, and Muslims, who live mostly in the north. A minority of the population practice religions indigenous to Nigeria, such as those native to the Igbo and Yoruba ethnicities. , Nigeria is the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's largest economy in 2014. The 2013 debt-to-GDP ratio was 11 percent. Nigeria is considered to be an

neg: Economy of the United States Economy of the United States The economy of the United States is a highly developed mixed economy. It is the world's largest economy by nominal GDP and the second-largest by purchasing power parity (PPP). It also has the world's seventh-highest per capita GDP (nominal) and the eleventh-highest per capita GDP (PPP) in 2016. The US has a highly diversified, world-leading industrial sector. It is also a high-technology innovator with the second-largest industrial output in the world. The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency, backed by its science and technology,

neg: Economy of Bulgaria Bulgaria's per-capita PPP GDP is still only about a half of the EU27 average, while the country's nominal GDP per capita is about 20% of the EU27 average. However, Bulgaria ranks 38th (2015) in the Ease of Doing Business rank list, higher than most other Eastern European states, and 40th (2012) in the Economic Freedom of the World index, outperforming Belgium, Spain, Poland, Hungary, Portugal. Bulgaria also has the lowest personal and corporate income tax rates in the EU, as well as the second lowest public debt of all European Union member states at 16.2% of GDP in 2010. The

neg: Historical GDP of China of 2017, China's nominal GDP by Expenditure approach is 82.7122 trillion Chinese yuan or $12.84 trillion US dollars (SNA2008). China's nominal GDP surpassed that of Italy in 2000, France in 2005, the United Kingdom in 2006 and that of Germany in 2007, before overtaking Japan in 2010, making China the world's second largest economy after the United States. But adjusting for purchasing power parity (PPP), China become the world's second largest economy as early as 1999 surpassing Japan, and has toppled America to become the biggest economy since 2014. From 1979 until 2010, China's average annual GDP growth was 9.91%,

neg: Economy of Slovenia Economy of Slovenia Slovenia today is a developed country that enjoys prosperity and stability as well as a GDP per capita by purchase power parity at 83% of the EU28 average in 2015, which is the same as in 2014 and 2 percentage points higher than in 2013. Nominal GDP in 2018 is 42.534 mio EUR, nominal GDP per capita (GDP/pc) in 2018 is EUR 21,267. The highest GDP/pc is in central Slovenia, where capital city Ljubljana is located, which is part of the Western Slovenia statistical region, which has a higher GDP/pc than eastern Slovenia. It January 2007 it

neg: Henan the national average of 10%. This rapid growth has transformed Henan from one of the poorest provinces to one that matches other central provinces, though still relatively impoverished on a national scale. In 2011, Henan's nominal GDP was 3.20 trillion RMB (US$427 billion), making it the fifth largest economy in China, although it ranks nineteenth in terms of GDP per capita. Henan is a semi-industrialized economy with an underdeveloped service sector. In 2009, Henan's primary, secondary, and tertiary industries were worth 277 billion RMB (US$40 billion), 1.097 trillion RMB (US$160 billion), and 563 billion RMB (US$82 billion), respectively. Agriculture has

neg: Economy of Asia (1950–1990), Miracle on the Han River (1961–1996) in South Korea, Taiwan Miracle (1962-2012) in Taiwan, economic boom (1978–2013) in China and economic boom in India (1991–present). As in all world regions, the wealth of Asia differs widely between, and within, states. This is due to its vast size, meaning a huge range of different cultures, environments, historical ties and government systems. The largest economies in Asia in terms of PPP gross domestic product (GDP) are China, India, Japan, South Korea, Indonesia, Turkey, Iran, Saudi Arabia, Taiwan, Thailand, Pakistan, Philippines and Malaysia and in terms of nominal gross domestic product (GDP)

neg: Economy of Myanmar USD 794 million. China has biggest of investment commitments for this fiscal. Foreign Trade Total foreign trade for 2012 was recorded to USD 13.3 billion. It was 27% of Myanmar's GDP. Economy of Myanmar Myanmar (also known as Burma) is an emerging economy with a nominal GDP of $69.322 billion in 2017 and an estimated purchasing power adjusted GDP of $327.629 billion billion in 2017 according to World Bank. For 2018 estimate, the country's per capita will be $6,509 in PPP per capita and $1,490 in nominal per capita. Historically, Burma was the main trade route between India and China

neg: Economy of Kolkata Brookings Institution, Kolkata's GDP (PPP) on 2014 is $60.447 Billion, converted to GDP (nominal) of $15.90 Billion dollars with a nominal vs. PPP factor of 3.80. In another Pricewaterhouse Cooper's report, as of 2009, Kolkata's economic output as measured by gross domestic product by purchasing power parity as 104 billion US dollars (nominal $27.37 billion US dollars), and ranks third among South Asian cities, behind Mumbai and Delhi. However, , Kolkata, with an estimated Gross domestic product (GDP) by purchasing power parity of 150 billion dollars, ranked third among South Asian cities, after Mumbai and Delhi. Kolkata's nominal GDP is

neg: MINT (economics) China, and was the third fastest-growing economy in the world. Economic growth came mainly from construction, rather than exports like China and Russia. Construction alone makes up 6% of the Turkish economy, but if one counts the various industries related to construction (steel, timber, energy used and purchased) construction and the related industries made up some 30% of the economy. Turkey also has a very large domestic consumption base, and some three major auto companies. In 2011, Turkey had the world's 15th largest GDP-PPP and 18th largest nominal GDP. By 2050, this nominal GDP is set to grow to $4.45

neg: Japan Soviet Union to a focus on China, especially regarding the territorial dispute over the Senkaku Islands. Japan is the third largest national economy in the world, after the United States and China, in terms of nominal GDP, and the fourth largest national economy in the world, after the United States, China and India, in terms of purchasing power parity. , Japan's public debt was estimated at more than 230 percent of its annual gross domestic product, the largest of any nation in the world. In August 2011, Moody's rating has cut Japan's long-term sovereign debt rating one notch from Aa3

neg: Economy of Kolkata expected to reach US$169 billion in 2030, with a per capita nominal GDP of US$7,400. In 2015, The Brookings Institution, a U.S. based think tank in collaboration with JPMorgan ranked Kolkata second among all Indian metros and 32nd among 300 major metropolitan economies of the world on overall economic performance for the year 2013-’14. According to this report, With annualised GDP per capita growth of 4.7% and employment growth of 2.5% Kolkata scored over every Indian city, except Delhi. Kolkata is home to many industrial units operated by large public- and private-sector corporations; major sectors include steel, heavy engineering, mining,

neg: Sikkim butterfly species found in the Indian subcontinent, 695 have been recorded in Sikkim. These include the endangered Kaiser-i-hind, the Yellow Gorgon and the Bhutan Glory. Sikkim's nominal state gross domestic product (GDP) was estimated at US$1.57 billion in 2014 constituting the third-smallest GDP among India's 28 states. The state's economy is largely agrarian based on the terraced farming of rice and the cultivation of crops such as maize, millet, wheat, barley, oranges, tea, and cardamom. Sikkim produces more cardamom than any other Indian state and is home to the largest cultivated area of cardamom. Because of its hilly terrain and

neg: Economy of Spain Economy of Spain The economy of Spain is the world's fourteenth-largest by nominal GDP, and it is also one of the largest in the world by purchasing power parity. The country is a member of the European Union, the Organization for Economic Co-operation and Development, and the World Trade Organization. Spain has a capitalist mixed economy. The Spanish economy is the fifth-largest in Europe behind Germany, United Kingdom, Italy and France; and the fourth-largest in the Euro zone, based on nominal GDP statistics. In 2012, Spain was the twelfth-largest exporter in the world and the sixteenth-largest importer. Spain is listed

neg: Economy of Greece Economy of Greece The economy of Greece is the 51st largest in the world with a nominal gross domestic product (GDP) of $200.288 billion per annum. It is also the 56th largest in the world by purchasing power parity, at $297.008 billion per annum. As of 2017, Greece is the seventeenth-largest economy in the 28-member European Union. According to IMF estimates for 2017, Greece is ranked 40th and 49th in the world at $18,637 and $27,796 for nominal GDP per capita and purchasing power parity per capita respectively. Greece is a developed country with an economy based on the service

neg: Economy of Scotland product (GDP) of up to £152 billion in 2015, total public sector non-North Sea current revenue in Scotland was estimated to be £53.7 billion in 2015‑16 approx. 36.5% of GDP. Current non-North Sea revenue in Scotland is estimated to have grown by 13.4% between 2011–12 and 2015-16 in nominal terms. Total public sector expenditure for Scotland has been declining, as a share of GDP, since 2011-12, and in 2015-16 is estimated to be £68.6 billion which is around 46.6% FY2015-16. As of March 2016, there were 348,045 Small and Medium-sized Enterprises(SMEs) operating in Scotland, providing an estimated 1.2 million jobs.

neg: MINT (economics) economy and emerging market with expanding financial, service, communications, and entertainment sectors. It is ranked 20th (40th in 2005, 52nd in 2000), in the world in terms of Gross Domestic Product at purchasing power parity as of 2015, and largest within Africa, on track to become one of the 20 largest economies in the world in terms of nominal GDP by 2020. Its re-emergent, though currently under-performing, manufacturing sector is the third-largest on the continent, and produces a large proportion of goods and services for the West African region. Turkey's economy grew at 9.2% in 2010, faster than India and

neg: European Union as an emerging superpower EU has the largest economy in the world in terms of nominal GDP), low inflation rates, the unpopularity and perceived failure of US foreign policy in recent years. He compares this with the high quality of life (especially when measured in terms such as hours worked per week, health care, social services) of certain EU member states. John McCormick believes that the EU has already achieved superpower status, based on the size and global reach of its economy and on its global political influence. He argues that the nature of power has changed since the Cold War-driven definition of superpower

neg: Liberia it was comparable to Egypt's (at the time). In 2011, the country's nominal GDP was US$1.154 billion, while nominal GDP per capita stood at US$297, the third-lowest in the world. Historically, the Liberian economy has depended heavily on foreign aid, foreign direct investment and exports of natural resources such as iron ore, rubber, and timber. Following a peak in growth in 1979, the Liberian economy began a steady decline due to economic mismanagement following the 1980 coup. This decline was accelerated by the outbreak of civil war in 1989; GDP was reduced by an estimated 90% between 1989 and 1995,

neg: California twinning arrangement with the region of Catalonia in Spain and the Province of Alberta in Canada. California's economy ranks among the largest in the world. -Q2, the gross state product (GSP) is almost $3.0 trillion ($74,000 per capita), the largest in the United States. California is responsible for ~14 percent of the United States' approximate $20.4 trillion gross domestic product (GDP). , California's nominal GDP is larger than all but 4 countries (the United States, China, Japan and Germany). In terms of Purchasing Power Parity, it is larger than all but 8 countries (the United States, China, India, Japan, Germany,

neg: Anhui is great regional disparity as well, and most of the wealth is concentrated in industrial regions close to the Yangtze River, such as Hefei, Wuhu, and Ma'anshan. Anhui's nominal GDP for 2016 was approximately 2.4 trillion yuan (US$365.8 billion) in the year of 2016. In 2017, the province GPD exceeds Beijing's GDP first time. It is considered as a mid-size economy in terms of economic output.The province has some high tech companies like iFlyTek which was listed as the smartest companies in the world in 2016. At iFlyTek's basis, China Speech Valley was found in 2010s which represents China top

neg: Florida largest economy in the United States. Florida is responsible for 5.0 percent of the United States' approximate $20.4 trillion gross domestic product (GDP). , Florida's nominal GDP is larger than all but 16 countries. In terms of Purchasing Power Parity, it is larger than all but 24 countries. In the twentieth century, tourism, industry, construction, international banking, biomedical and life sciences, healthcare research, simulation training, aerospace and defense, and commercial space travel have contributed to the state's economic development. The five largest sectors of employment in Florida are trade, transportation, and utilities; government; professional and business services; education and health

neg: Economy of Japan Economy of Japan The economy of Japan is a highly developed and market-oriented economy. It is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP). and is the world's second largest developed economy. Japan is a member of the G7. According to the International Monetary Fund, the country's per capita GDP (PPP) was at $38,937(2016). Due to a volatile currency exchange rate, Japan's GDP as measured in dollars fluctuates widely. Accounting for these fluctuations through use of the Atlas method, Japan is estimated to have a GDP per capita of around $38,490. The

neg: Asia located in the Pacific Rim, known as the Asian tigers, which have now all received developed country status, having the highest GDP per capita in Asia. It is forecasted that India will overtake Japan in terms of nominal GDP by 2020. By 2027, according to Goldman Sachs, China will have the largest economy in the world. Several trade blocs exist, with the most developed being the Association of Southeast Asian Nations. Asia is the largest continent in the world by a considerable margin, and it is rich in natural resources, such as petroleum, forests, fish, water, rice, copper and silver.

neg: Economy of Myanmar Economy of Myanmar Myanmar (also known as Burma) is an emerging economy with a nominal GDP of $69.322 billion in 2017 and an estimated purchasing power adjusted GDP of $327.629 billion billion in 2017 according to World Bank. For 2018 estimate, the country's per capita will be $6,509 in PPP per capita and $1,490 in nominal per capita. Historically, Burma was the main trade route between India and China since 100 BC. The Mon Kingdom of lower Burma served as important trading centre in the Bay of Bengal. According to Michael Adas, Ian Brown, and other economic historians of Burma,

neg: G20 calculated for the years since the group's creation (1999–2008) at both nominal and PPP rates, only Spain, the Netherlands, Nigeria, Poland, Taiwan, Iran and Thailand appear above any G20 member in both lists simultaneously. Spain, being the 14th largest economy in the world and 5th in the European Union in terms of nominal GDP, has been a "permanent guest" of the organization, and the Spanish government's policy is to not request official membership. A Spanish delegation has been invited to, and has attended, every G20 heads of state summit since the G20's inception. A 2011 report released by the Asian

neg: Economy of Asia up to 261% from 148% in 2008. IMF warned that rapid debt run-ups could lead to financial crisis. The new rules are expected to be combined with broader fiscal reforms aimed at bringing local government tax revenue in line with expenditure. The central government will provide more guidance to local governments in terms of how to manage and invest wisely. As of 2017, China boasts the world’s second largest economy by nominal GDP at a staggering $11.8 trillion. It has the largest manufacturing economy in the world, and is the largest exporter of goods. China is also the world’s largest

neg: Economy of the Soviet Union GDP levels in 1950 (in billion 1990 dollars) were 510 (100%) in the Soviet Union, 161 (100%) in Japan and 1,456 (100%) in the United States. By 1965, the corresponding values were 1,011 (198%), 587 (365%) and 2,607 (179%). The Soviet Union maintained itself as the second largest economy in both nominal and purchasing power parity values for much of the Cold War until 1988, when Japan's economy exceeded $3 trillion in nominal value. The Soviet Union's relatively small consumer sector accounted for just under 60% of the country's GDP in 1990 while the industrial and agricultural sectors contributed 22%

neg: Economy of Libya Economy of Libya The Economy of Libya depends primarily upon revenues from the petroleum sector, which represents over 95% of export earnings and 60% of GDP. These oil revenues and a small population have given Libya one of the highest nominal per capita GDP in Africa. After 2000, Libya recorded favourable growth rates with an estimated 10.6% growth of GDP in 2010. This development was interrupted by the Libyan Civil War, which resulted in contraction of the economy by 62.1% in 2011. After the war the economy rebounded by 104.5% in 2012, but then crashed again following the Second Libyan

neg: Economy of Germany for Economic Research on 31 July 2013. Germany has a social market economy characterised by a highly qualified labor force, a developed infrastructure, a large capital stock, a low level of corruption, and a high level of innovation. It has the largest national economy in Europe, the fourth largest by nominal GDP in the world, and ranked fifth by GDP (PPP) in 2015. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. In 2010 agriculture, forestry, and mining accounted for only 0.9% of Germany's gross domestic product (GDP) and employed only 2.4% of the

neg: Comparison between U.S. states and sovereign states by GDP (nominal) per capita Comparison between U.S. states and sovereign states by GDP (nominal) per capita This is a comparison between U.S. states and countries' per capita nominal gross domestic product. The U.S. is not counted as a whole in the overall rank because this would be double counting since the states of the U.S. are being compared to other countries. These figures are calculated using exchange rate conversions, and exchange rates fluctuate from year to year. Per capita GDP figures for countries and foreign dependencies are taken primarily from the United Nations and the World Bank; U.S. state and U.S. territory figures are

neg: Economy of West Virginia Economy of West Virginia The economy of West Virginia nominally would be the 62nd largest economy globally behind Iraq and ahead of Croatia according to 2009 World Bank projections, and the 64th largest behind Iraq and ahead of Libya according to 2009 International Monetary Fund projections. The state has a projected nominal GDP of $63.34 billion in 2009 according to the Bureau of Economic Analysis report of November 2010, and a real GDP of $55.04 billion. The real GDP growth of the state in 2009 of .7% was the 7th best in the country. West Virginia's economy accelerated in 2014

neg: Economy of Serbia includes ten largest Serbian companies by revenue in 2017 (revenue without subsidiaries; excluding banks): Economy of Serbia The economy of Serbia is a service-based upper middle income economy with the tertiary sector accounting for two-thirds of total gross domestic product (GDP) and functions on the principles of the free market. Nominal GDP in 2017 amounted $39.366 billion, which is $5,599 per capita, while the GDP based on purchasing power parity (PPP) stood at $106.6022 billion, which is $15,163 per capita. The strongest sectors in the economy are energy, automotive industry, machinery, mining, and agriculture. Primary industrial exports are automobiles, iron

neg: China rise to U.S. $173B in 2018. fox In August 2018, China tested its first hypersonic flight. The China Academy of Aerospace Aerodynamics (CAAA) claims to have successfully conducted the test with the aircraft Starry Sky-2 that touched a speed of Mach 6 - which is six times the speed of sound. China had the largest economy in the world for most of the past two thousand years, during which it has seen cycles of prosperity and decline. , China has the world's second-largest economy in terms of nominal GDP, totalling approximately US$12.014 trillion according to the International Monetary Fund. In

neg: Economy of Serbia Economy of Serbia The economy of Serbia is a service-based upper middle income economy with the tertiary sector accounting for two-thirds of total gross domestic product (GDP) and functions on the principles of the free market. Nominal GDP in 2017 amounted $39.366 billion, which is $5,599 per capita, while the GDP based on purchasing power parity (PPP) stood at $106.6022 billion, which is $15,163 per capita. The strongest sectors in the economy are energy, automotive industry, machinery, mining, and agriculture. Primary industrial exports are automobiles, iron and steel, rubber, clothes, wheat, fruit and vegetables, nonferrous metals, electric appliances, metal products,

neg: Dominican Republic the highest in the Western Hemisphere. In the first half of 2016 the Dominican economy grew 7.4%. , the average wage in nominal terms is US$392 per month (RD$17,829). The country is the site of the second largest gold mine in the world, the Pueblo Viejo mine. During the last three decades, the Dominican economy, formerly dependent on the export of agricultural commodities (mainly sugar, cocoa and coffee), has transitioned to a diversified mix of services, manufacturing, agriculture, mining, and trade. The service sector accounts for almost 60% of GDP; manufacturing, for 22%; tourism, telecommunications and finance are the main

neg: Greece 27-member European Union. In terms of per capita income, Greece is ranked 38th or 40th in the world at $21,910 and $25,705 for nominal GDP and PPP respectively. The Greek economy is classified as advanced and high-income. Greece is a developed country with a high standard of living and a high ranking in the Human Development Index. Its economy mainly comprises the service sector (85.0%) and industry (12.0%), while agriculture makes up 3.0% of the national economic output. Important Greek industries include tourism (with 14.9 million international tourists in 2009, it is ranked as the 7th most visited country in

neg: Middle East a positive rate of growth. According to the World Bank's "World Development Indicators" database published on July 1, 2009, the three largest Middle Eastern economies in 2008 were Turkey ($794,228), Saudi Arabia ($467,601) and Iran ($385,143) in terms of Nominal GDP. Regarding nominal GDP per capita, the highest ranking countries are Qatar ($93,204), the UAE ($55,028), Kuwait ($45,920) and Cyprus ($32,745). Turkey ($1,028,897), Iran ($839,438) and Saudi Arabia ($589,531) had the largest economies in terms of GDP-PPP. When it comes to per capita (PPP)-based income, the highest-ranking countries are Qatar ($86,008), Kuwait ($39,915), the UAE ($38,894), Bahrain ($34,662) and Cyprus

neg: Economy of Armenia The electricity distribution system was privatized in 2002. The economy of Armenia grew by 7.5% in 2017 and reached a nominal GDP of $11.5 billion per annum, while per capita figure grew by 10.1% and reached $3880. With 5.5% annual GDP growth rate in June 2017 Armenia was 4th best economy in Europe. With 8.3% Armenia recorded highest degree of GDP growth among Eurasian Economic Union countries in 2018 January-June against the same period of 2017. In 2019 GDP per capita is expected to reach $4604. In 2017 mining industry output with grew by 14.2% to 172 billion AMD at

neg: Economy of the Netherlands financial crisis. Here is a list of the most important deals in, into out of the Netherlands. Economy of the Netherlands According to the World Bank and the International Monetary Fund, the Netherlands was the 18th largest economy of the world in 2012, while the country has only about 17 million inhabitants. (see: List of countries by GDP (nominal)). GDP per capita is roughly $48,860 which makes it one of richest nations in the world (see: List of countries by GDP (PPP) per capita). Between 1996 and 2000 annual economic growth (GDP) averaged over 4%, well above the European average.

neg: Economy of Ukraine GDP of 188 billion USD, and nominal per-capita GDP of 3,900 USD. There was 3% unemployment at the end of 2008; over the first 9 months of 2009, unemployment averaged 9.4%. The final official unemployment rates over 2009 and 2010 were 8.8% and 8.4%, although the CIA World Factbook notes a "large number of unregistered or underemployed workers". Ukraine's GDP fell by 15% in 2009. The Ukrainian economy recovered in the first quarter of 2010 due to the recovery of the world economy and increasing prices for metals. Ukraine's real GDP growth in 2010 was 4.3%, leading to per-capita PPP

neg: Economy of the Netherlands Economy of the Netherlands According to the World Bank and the International Monetary Fund, the Netherlands was the 18th largest economy of the world in 2012, while the country has only about 17 million inhabitants. (see: List of countries by GDP (nominal)). GDP per capita is roughly $48,860 which makes it one of richest nations in the world (see: List of countries by GDP (PPP) per capita). Between 1996 and 2000 annual economic growth (GDP) averaged over 4%, well above the European average. Growth slowed considerably in 2001–05 as part of the global economic slowdown. 2006 and 2007 however showed

neg: Economic history of the Russian Federation Putin Russia's economy saw the nominal Gross Domestic Product (GDP) double, climbing from 22nd to 11th largest in the world. The economy made real gains of an average 7% per year (2000: 10%, 2001: 5.1%, 2002: 4.7%, 2003: 7.3%, 2004: 7.2%, 2005: 6.4%, 2006: 8.2%, 2007: 8.5%, 2008: 5.6%), making it the 6th largest economy in the world in GDP(PPP). In 2007, Russia's GDP exceeded that of 1990, meaning it has overcome the devastating consequences of the Soviet era, 1998 financial crisis, and preceding recession in the 1990s. On a per capita basis, Russian GDP was US$11,339 per individual in

neg: North America 22% and agriculture comprises 1.2%. The U.S. economy is also the fastest growing economy in North America and the Americas as a whole, with the highest GDP per capita in the Americas as well. Canada shows significant growth in the sectors of services, mining and manufacturing. Canada's per capita GDP (PPP) was estimated at $44,656 and it had the 11th largest GDP (nominal) in 2014. Canada's services sector comprises 78% of the country's GDP (estimated in 2010), industry comprises 20% and agriculture comprises 2%. Mexico has a per capita GDP (PPP) of $16,111 and as of 2014 is the 15th

neg: Economy of Beijing Beijing's nominal GDP reached 1.37 trillion RMB. Its per capita GDP was 78,194 RMB. In 2009, Beijing's nominal GDP was 1.19 trillion RMB (US$174 billion), a growth of 10.1% over the previous year. Its GDP per capita was 68,788 RMB (US$10,070), an increase of 6.2% over 2008. In 2009, Beijing's primary, secondary, and tertiary industries were worth 11.83 billion RMB, 274.31 billion RMB, and 900.45 billion RMB respectively. Urban disposable income per capita was 26,738 yuan, a real increase of 8.1% from the previous year. Per capita pure income of rural residents was 11,986 RMB, a real increase of 11.5%.

neg: Market monetarism market, while addressing inflation concerns as nominal GDP is also not allowed to grow faster than the level specified. Market monetarists contend that by not paying attention to nominal income, the Federal Reserve has actually destabilized the US economy; nominal GDP fell 11% below trend during the 2008 recession, and has remained there since. Market monetarists believe that by explicitly following a nominal income target, monetary policy would be extremely effective in addressing aggregate demand shocks; summarizing this view, "The Economist" stated: "If people expect the central bank to return spending to a 5% growth path, their beliefs will help

neg: Economy of Thailand the 2012 Eurozone crisis. As a result, from 2007 to 2012 the average GDP growth rate was 3.25 percent per year. The table below shows the Thai GDP per capita in comparison with other East and Southeast Asian economies. All data, unless otherwise stated, are in US dollars (US$). Note: According to the NESDB, the Thai nominal GDP per capita stands at 167,508 baht (US$5,390). The data shown in the above table (including the Thai nominal GDP per capita of US$7,664) are taken from the IMF. Source: Adapted from the IMF's World Economic Outlook Database (Retrieved 12/2016). Thailand suffers by

neg: Economy of Iceland Economy of Iceland The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$12.3bn; by 2017 that had increased to a nominal GDP of US$24bn. With a population of 350,000, this is $50,000 per capita, based on purchasing power parity (PPP) estimates. The financial crisis of 2007–2010 produced a decline in GDP and employment that has since been reversed entirely by a recovery aided by a tourism boom starting in 2010. Tourism accounted for more than 10% of Iceland's GDP in 2017. After a period of robust growth, Iceland's economy is slowing down

neg: Debt-to-GDP ratio may increase rapidly in nominal terms; if debt is nominal, then its ratio to GDP will decrease rapidly. A period of deflation would have the opposite effect. A government's debt-to-GDP ratio can be analysed by looking at how it changes or, in other words, how the debt is evolving over time: formula_1 The left hand side of the equation demonstrates the dynamics of the government's debt. formula_2 is the debt-to-GDP at the end of the period t, and formula_3 is the debt-to-GDP ratio at the end of the previous period (t-1). Hence, the left side of the equation shows the

neg: Economy of New Zealand by the rebuild in Canterbury after the Christchurch earthquakes and recovery in domestic demand. Through 2011, global conditions deteriorated and the terms of trade eased off their 2011 peak, continuing to moderate until September 2012. Since then, commodity prices have rebounded strongly, with strong demand from China and the international situation improving. Commodity prices have been at record highs in recent quarters and remain elevated. High commodity prices are expected to provide a considerable boost to nominal GDP growth in the near term. In 2013 the economy grew 3.3%. HSBC chief economist for Australia and New Zealand, Paul Bloxham, was

neg: Potential superpowers population, huge gross domestic product and high economic growth at that time and the expectation that it would surpass the economy of the United States. Though still the world's tenth-largest population and third-largest economy as of 2016 in terms of nominal GDP, Japan has faced an ongoing period of weak growth since the Lost Decade of the 1990s, and has been suffering from an aging population since the early 2000s, eroding its potential as a superpower. Japan has superpower potential, because the demographic problem can be mended by recruiting more overseas workers. Nearby countries such as the Philippines could become

neg: Economy of Brazil growth rate of over 5%, with its economy in 2012 surpassing that of the United Kingdom, temporarily making Brazil the world's sixth largest economy. However, Brazil's economy growth decelerated in 2013 and the country entered a recession in 2014. In 2017, however, the economy started to recover, with a 1% GDP growth in the first quarter. In the second quarter, the economy grew 0.3% compared to the same period of the previous year, officially exiting the recession. Brazil's economy has a gross domestic product (GDP) of R$ 6.559 trillion, or US$ 2.080 trillion nominal, according to the estimates by the

neg: India emerged, all adding to the region's diverse culture. Much of the north fell to the Delhi Sultanate; the south was united under the Vijayanagara Empire. The economy expanded in the 17th century in the Mughal Empire. In the mid-18th century, the subcontinent came under British East India Company rule, and in the mid-19th under British crown rule. A nationalist movement emerged in the late 19th century, which later, under Mahatma Gandhi, was noted for nonviolent resistance and led to India's independence in 1947. In 2017, the Indian economy was the world's sixth largest by nominal GDP and third largest by

neg: Economic liberalisation in Pakistan peak in 2003–04 when Pakistan recorded its highest national GDP growth to 8.96%~9.9%. In 2008-10, Pakistan is ranked 47th largest in the world in nominal terms and 27th largest in the world in terms of purchasing power parity (PPP). After exclusive establishment of Pakistan, the country's economic policy for the rapid growth of the national economy was deeply understood and extensive efforts were carried out by the government of Prime minister Liaquat Ali Khan in 1947. Since 1947, economic officials of government have sought a high rate of economic growth in an effort to lift the population out of poverty,

neg: Economy of the United Kingdom Economy of the United Kingdom The economy of the United Kingdom is highly developed and market-oriented. It is the fifth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest measured by purchasing power parity (PPP), and twenty second-largest measured by GDP per capita, comprising 3.5% of world GDP. In 2016, the UK was the tenth-largest goods exporter in the world and the fifth-largest goods importer. It also had the second-largest inward foreign direct investment, and the third-largest outward foreign direct investment. The UK is one of the most globalised economies, and it is composed of the

neg: Economy of the United Kingdom the main economic indicators in 1980–2017. The inflation rate used is the Consumer Price Index. See the "government spending and economic management" section for historical interest rates. Economy of the United Kingdom The economy of the United Kingdom is highly developed and market-oriented. It is the fifth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest measured by purchasing power parity (PPP), and twenty second-largest measured by GDP per capita, comprising 3.5% of world GDP. In 2016, the UK was the tenth-largest goods exporter in the world and the fifth-largest goods importer. It also had the

neg: Eastern South Asia the world's 41st largest. Nepal is a multiethnic Himalayan nation with Nepali as the official language. Listed as one of the Next Eleven, the economy of Bangladesh ranks 46th in terms of nominal gross domestic product (GDP) and 29th in terms of purchasing power parity (PPP). In the fiscal year 2015–2016, Bangladesh registered exports worth US$37.61 billion and imports worth US$40.69 billion. Its major trading partners include the European Union, the United States, China, India, Japan, Australia, Malaysia, and Singapore. The Port of Chittagong is Bangladesh's busiest port, as well as the busiest in Eastern South Asia. Bangladesh's chief export

neg: Romania for coordinating regional development projects and statistical purposes. As for 2018, due to the recent economic growth, the country now has a high income mixed-economy with a nominal GDP per capita of $12,575 and $26,499 PPP. In 2016, Romania had a GDP (PPP) of around $441.601 billion and a GDP per capita (PPP) of $22,348. According to the World Bank, Romania was an upper-middle income country economy. According to Eurostat, Romania's GDP per capita (PPS) was at 63% of the EU average in 2017, an increase from 41% in 2007 (the year of Romania's accession to the EU), making Romania

neg: Serbia these languages are in official use in municipalities or cities where the ethnic minority exceeds 15% of the total population. In Vojvodina, the provincial administration uses, besides Serbian, five other languages (Hungarian, Slovak, Croatian, Romanian and Rusyn). Serbia has an emerging market economy in upper-middle income range. According to the IMF, Serbian nominal GDP in 2017 is officially estimated at $39.366 billion or $5,599 per capita while purchasing power parity GDP was $106.602 billion or $15,163 per capita. The economy is dominated by services which accounts for 60.8% of GDP, followed by industry with 31.3% of GDP, and agriculture at

neg: Subsidies in India the food subsidies has been rising although in a cyclical pattern. As a proportion of GDP, explicit Central govt subsidies were just about 0.305 in 1971-72. they continued to increase steadily reaching a peak of 2.38% in 1989-90. after this during the reform years, the explicit subsidies as a proportion of GDP have continued to decline. In the last quarter of the 20th century, Indian governments began procuring condoms on large scale to facilitate national population control schemes by reselling them at subsidised prices. Expenditure on major subsidies has increased in nominal terms from Rs. 95.81 billion in 1990-91 to

neg: Economy of the Philippines Regional Domestic Product (GRDP) is GDP measured at regional levels. Figures below are for the year 2016: Most of the following statistics are sourced from the International Monetary Fund – Philippines (as of 2012; figures are in US dollars unless otherwise indicated). The national government budget for 2016 has set the following budget allocations: Economy of the Philippines The economy of the Philippines is the world's 34th largest economy by nominal GDP according to the 2017 estimate of the International Monetary Fund's statistics, it is the 13th largest economy in Asia, and the 3rd largest economy in the ASEAN after

neg: Economy of the Philippines Economy of the Philippines The economy of the Philippines is the world's 34th largest economy by nominal GDP according to the 2017 estimate of the International Monetary Fund's statistics, it is the 13th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand. The Philippines is one of the emerging markets and is the sixth richest in Southeast Asia by GDP per capita values, after the regional countries of Singapore, Brunei, Malaysia, Thailand and Indonesia. The Philippines is primarily considered a newly industrialized country, which has an economy transitioning from one based on agriculture