13 Jul 2022
Global GDP: US$104 trillion
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
GDP (Gross Domestic Product) is a measure of the market value of all the final goods and services produced by a country.
The good news is that even with the war in Ukraine and the COVID-19 virus still with us the IMF (International Monetary Fund) is forecasting global GDP to reach a record high US$104 trillion by the end of 2022.
China is still in second place at US$19.9 trillion chasing the United States at US$25.3 trillion which has been the World’s largest economy since 1871.
What you may not know is that Australia at US$1.7 trillion is the World’s 13th largest economy which is thanks to our commodities.
Click for chart.
Increasing revenue means increasing profits more often than not adn that is good news for investors.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.