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Posted By: rockyhilldawg The Trillion Dollar Club - 06/27/17 06:32 PM
There’s 15 countries with at least a $1,000,000,000,000 economy (US$ - Gross Domestic Product).

Gross Domestic Product is a monetary measure of the market value of all final goods and services produced in a year.

United States
Japan
France
United Kingdom
Italy
Canada
Germany
Spain
China
Brazil
Mexico
India
Russia
South Korea
Australia

The U.S. is such an economic powerhouse that there’s 3 states alone that have trillion dollar economies:

New York, Texas and California.
Posted By: 40YEARSWAITING Re: The Trillion Dollar Club - 06/27/17 06:38 PM
Did you remember to subtract the $20 Trillion debt we have?
Posted By: Swish Re: The Trillion Dollar Club - 06/27/17 06:44 PM
Man shut up.

Anyway, rocky:

I was surprised to see Mexico and Brazil on the list. However I'm not educated one what their economies propose so yea. But that's really cool
That we have 15 countries in the trillion dollar club. What's the next countries coming close to cracking it?
Posted By: ExclDawg Re: The Trillion Dollar Club - 06/27/17 06:51 PM
I found this list Swish, which was based on projected GDP$ for 2017 (slightly different list that what Rocky had though):

1) United States 19,417.144
2) China 11,795.297
3) Japan 4,841.221
4) Germany 3,423.287
5) United Kingdom 2,496.757
6) India 2,454.458
7) France 2,420.440
8) Brazil 2,140.940
9) Italy 1,807.425
10) Canada 1,600.265
11) Russia 1,560.706
12) Korea 1,498.074
13) Australia 1,359.723
14) Spain 1,232.440
15) Indonesia 1,020.515
16) Mexico 987.303
17) Turkey 793.698
18) Netherlands 762.694
19) Saudi Arabia 707.379
20) Switzerland 659.368
Posted By: Swish Re: The Trillion Dollar Club - 06/27/17 07:01 PM
Thanks bro.

Just from living over in Europe, at least with the eye test, I would've thought for sure that Switzerland would be above turkey, Mexico, and Spain.

I never been to any East Asian nations, but didn't know Indonesia was balling like that.

I also thought Saudi would be higher, and Spain would be closer to the bottom of the top 20
Posted By: dawglover05 Re: The Trillion Dollar Club - 06/27/17 07:03 PM
Perhaps something to do with population differences? E.g. Switzerland has a much greater economy per capita compared to someone like Mexico.

I'm just speculating. This is all very interesting.
Posted By: Swish Re: The Trillion Dollar Club - 06/27/17 07:12 PM
that's definitely a viable way to look it at it.

the entire country of switzerland sits a 8.2 million people.

new york city has 8.4 mill.
Posted By: ExclDawg Re: The Trillion Dollar Club - 06/27/17 07:27 PM
Yeah, that's likely the reason. Like you said, Switzerland has a population of 8M, while Mexico is closer to 125M and Brazil is over 200M. They might have impoverish countries, that's a lot more people around to buy goods and services.
Posted By: Swish Re: The Trillion Dollar Club - 06/27/17 08:05 PM
It's interesting that the us and china are the only two in the 10's of trills.

Like...the next country isn't close. At all. And if current trends continue, it will remain that way for quite a while.

That's not bad, especially us being #1 of course, just eye opening.
Posted By: DCDAWGFAN Re: The Trillion Dollar Club - 06/27/17 08:58 PM
Quote:
I was surprised to see Mexico and Brazil on the list. However I'm not educated one what their economies propose so yea. But that's really cool

I'm betting that Mexico and Brazil are on the list primarily because of natural resources that they export, oil, iron, etc.

not sexy, nobody really cares where it comes from... but it's worth a lot of money.
Posted By: rockyhilldawg Re: The Trillion Dollar Club - 06/27/17 08:59 PM
quote above by 40:

Quote:
Did you remember to subtract the $20 Trillion debt we have?


That is comparing apples and oranges.

The GNP is Income, while debt is a liability.

That is like saying "I'm in trouble. I have a $100,000 mortgage but I only make $40,000."

It's up to the current and future US presidents to pay-off (reduce) the national debt.

If that's even a good thing to do. (I don't know)
Posted By: THROW LONG Re: The Trillion Dollar Club - 06/27/17 09:09 PM
What the heck do they make in France, they have ONE aircraft carrier. Cheese, Wine?

And Spain! Spain is on the list, what is this the 1400's.
Posted By: Swish Re: The Trillion Dollar Club - 06/27/17 09:12 PM
france is one of the biggest agricultural exporters to the rest of the EU.
Posted By: Ballpeen Re: The Trillion Dollar Club - 06/28/17 12:50 AM
Originally Posted By: Swish
that's definitely a viable way to look it at it.

the entire country of switzerland sits a 8.2 million people.

new york city has 8.4 mill.


Switzerland is a small country that brings in a lot of money. They don't have many exports. They make their money in banking and tourism.


My mother-in-law was born there. We have gone over to visit at least a dozen times over the years. The MIL moved here after the war and became a citizen. ...WWII for you younger ones, but she and my wife still have family living there. She was the only one to move. She met Pat's father, a USAF pilot who retired a full Bird Colonel.
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