THE 0.1% CLUB: The majority of the world’s nations produce less than 0.1% of global GDP [Gross domestic product]. Even after much global economic development, large gaps still exist between most of the world’s nations. The majority of the world’s nations produce less than .1% of Global GDP. In 2012 The world’s 123 smallest economies combined produced $2 trillion of goods, around 3% of world GDP. SOME INTERESTING FACTS: 1. Of the 189 countries for which the World Bank has recent GDP data, 123 of them individually account for less than 0.1% of world GDP. 2. The world as a whole has just over 200 countries. 3. The global economy produced goods and services valued at over $72.4 trillion as of 2012, as measured in U.S. dollars. 4. Cuba and Azerbaijan led the “0.1% club” with GDP’s of $68 billion and $67 billion respectively. 5. Forty-seven countries in the 0.1% club have economies smaller than 0.01% — or 1/1000th — of world GDP. 6. Rwanda leads the 0.01%, with a $7.1 billion GDP. 7. The Pacific island nation of Tuvalu has the smallest measured national GDP, at $40 million. 8. The world’s 123 smallest economies combined produce $2.2 trillion of goods, or just a little more than 3% of world GDP, in 2012. 9. In the same year, Brazil, the seventh-largest economy worldwide, generated a $2.25 trillion GDP. 10. Though Brazil’s economy exceeds the combined output of 123 smallest economies, it would still need more than triple its GDP to account for 10% of the world’s total GDP. Sources: The World Bank and The Globalist Research Center
Posted on: Tue, 17 Jun 2014 04:04:28 +0000