This is when a countries imports are more than its exports itÊis most commonly referred to as a trade deficit. These terms are used in accounting and usedÊin explainingÊand calculating a countries GDP.
22 countries spend a greater portion of their GDP on defense than the US.
The GDP per capita is used to measure a country's standard of living. It is calculated by dividing the country's GDP by its population, which better allows comparison of GDP between countries.
It is used because it is simpler to understand.
Production
This is when a countries imports are more than its exports itÊis most commonly referred to as a trade deficit. These terms are used in accounting and usedÊin explainingÊand calculating a countries GDP.
22 countries spend a greater portion of their GDP on defense than the US.
The GDP per capita is used to measure a country's standard of living. It is calculated by dividing the country's GDP by its population, which better allows comparison of GDP between countries.
It is used because it is simpler to understand.
Production
Real GDP
You should use GDP per capita when comparing countries GDPs
TOP ELEVEN COUNTRIES IN SOUTH EAST ASIA BY GDP(GROSS DOMESTIC PRODUCT ) East Timor (GDP 499 ) Laos (GDP 5,260 ) Cambodia (GDP 11,182 ) Myanmar (GDP 27,182 ) Vietnam (GDP 89,829 ) Philippine (GDP 168,580 ) Hong kong (GDP 215,559 ) Malaysia (GDP 222,219 ) Thailand (GDP 273,248) Taiwan (GDP 392,552 ) Indonesia (GDP 511,765)
It measures the quantity of the real GDP of other countries that you get for a unit of your countries real GDP
the EU is a group of countries that work together to meet a common goal, for instance, the countries themselves do not have a very high GDP alone, but when they work together, they have a higher GDP than the U.S.A, they also have open borders and 27 member countries
National income
No country is even remotely close to the US in GDP. I think you meant to ask what percentage of the world lives above the United States GDP per capita. If that's the case, the answer .18%.Only 5 countries have a higher GDP per capita than the United States, and they are fairly small countries in terms of population.