Share a good article In 2023, the GDP of various countries will be released, Germany will surpass Ja

Mondo International Updated on 2024-03-06

At the end of 2023, the global economic picture has gradually unfolded, and the GDP and other economic data of various countries are like stars, revealing the changes and trajectories of this year. Looking back on the past year, on the world economic stage, the United States still maintains its position as a leader, with a total GDP of 27$36 trillion.

Since March 2022, the Federal Reserve has gradually raised interest rates to 525% high. Prior to this, countless institutions and scholars asserted like prophets that as interest rates rise, economic activity will gradually slow down like autumn leaves, eventually leading to a wave of corporate layoffs, and the tragedy of a "hard landing" for the US economy. However, the reality was unexpected. The U.S. economy has not fallen into recession as expected, but has continued to grow with resilience. In 2023, its GDP growth jumped to 25%, surpassing 1. in 20229%, and the total economic output surged by 1$65 trillion, a huge figure equivalent to Australia's GDP and the 14th largest power on the global economic stage. At the same time, the inflation rate in the United States is like a tamer who tames the beast, successfully taming the beast from the rage. From an inflation rate of 9% in June 2022, it fell all the way to 34%, a remarkable change. Even in the midst of the fierce fighting and social level of the United States, the economic performance has remained solid. However, on the chessboard of the global economy, the GDP gap between China and the United States is quietly widening. In 2023, China's GDP reached 126 trillion yuan, which translates to about 179 trillion, still firmly sitting on the second throne in the world. However, the gap with the United States is gradually widening, like two runners, one with a steady pace and the other with an accelerated sprint. The widening gap is both a challenge and an opportunity, and it reminds us that in this global economic marathon, we must not let our guard down at every moment, and we need to move forward at every moment.

In the passage of time, the economic landscape of China and the United States has quietly undergone significant changes. In 2021, the GDP of the United States was as high as 2332 trillion dollars, while China reached 1773 trillion, although there is a certain gap with the United States, it also looks glorious. However, in 2022, the GDP of the United States jumped to 25$47 trillion, while China has steadily risen to $18 trillion, but the gap between the two has widened to 7$46 trillion. In 2023, this gap will be further widened to 94 trillion is like an insurmountable chasm. Over the past three years, China's share of US GDP has gradually declined from 76% to 65%, a change that has been driven by a significant decline in the renminbi exchange rate. The fluctuation of the exchange rate, like an invisible hand, quietly changes the economic pattern of the two countries. Looking at the per capita GDP, the economic strength of the United States is booming, and the per capita GDP has increased from 6 in 2020$30,000 jumped to more than $80,000 in 2023. And China, although it is also growing steadily, from 1. in 2020$10,000 to less than $1 in 2023$30,000, but compared to the United States, it still seems to be stretched. However, despite the challenges, the potential and resilience of China's economy cannot be overlooked. In this long economic marathon, China is trying to adjust its pace and seek a breakthrough in order to move forward side by side with the United States at some point in the future.

The third significant change is that on the global economic stage, Japan has been eclipsed and has lost its long-held third position, and Germany has emerged as a dark horse to replace it. According to the latest data, Germany's GDP in 2023 is as high as 4$47 trillion, a surge of nearly $400 billion from 2022, a staggering increase.

Japan, on the other hand, has a total GDP of 4 in 2023$24 trillion, compared to $4 in the previous year26 trillion, there is a subtle downward trend. In the meantime, Germany's economy has steadily surpassed Japan's, with a lead of $230 billion, making it the third largest in the world. This change has undoubtedly brought new challenges and opportunities to the global economic landscape.

In 1968, Japan's GDP surpassed that of Germany to become the world's second largest economy, an achievement that pierced the international economic horizon like a bright meteor. However, after 55 years of precipitation and hard work, Germany has finally achieved a rebound and once again shines in the starry sky of the global economy. There are two driving forces behind Germany's success in the counterattack.

First, Germany's inflation rate has risen due to a surge in energy imports**, which has driven significant GDP growth. Second, the yen has depreciated sharply against the dollar, resulting in a dollar-denominated Japanese GDP of 0Negative growth of 3%. These two factors are like boosters that have injected a powerful impetus into the take-off of the German economy.

Although Germany's economy has temporarily surpassed Japan on the global stage, there are many thorny problems behind it, which makes the whole of Germany unusually calm in the face of this good news. At the same time, the fourth striking change took place in India. India's total GDP has reached a staggering 373 trillion US dollars, ranking fifth in the world. In the fourth quarter of last year, India's economy grew at a rocket-like rate of 84%。According to **, India's economic growth will remain strong at 76%。The IMF is even more forward-looking, with India set to emerge in the near future, with its total GDP expected to surpass Japan's in 2026 and third in the world in 2027, behind the United States and China. India, Asia's rising star, is illuminating the global economic map with its unique light, showing its potential and dynamism that cannot be underestimated.

In the current ever-changing international arena, India seems to have become a shining pearl, which is sought after by all forces. With the increasingly tense international environment, India has soared under the influx of a large number of foreign capital, and the restructuring of the global chain has made India one of the four winners of offshore outsourcing, and the whole country is exuding a thriving atmosphere. However, behind this prosperity, there are still problems in the structure of India's economy that cannot be ignored. Despite the dominance of the service sector in the Indian economy, the weakness of the manufacturing sector is a fact that cannot be ignored. Manufacturing accounts for only 15% of India's GDP, a proportion that is not only difficult to support Prime Minister Modi's dream of becoming a great power, but also an effective solution to India's growing unemployment problem. In comparison, India's economy and GDP per capita are only one-fifth of China's, which is undoubtedly a staggering disparity. Russia, on the other hand, has seen a staggering 3.2023 GDP growth6%, a phenomenon that some people jokingly call "the more you fight, the richer you get". The reason for this is that, despite the ostensible restrictions on Russia's energy exports, continued purchases from countries such as China and India have brought it stable income. Under the **preferential treatment**, some countries and foreign oil companies have secretly gone to Russian ports to load oil by turning off automatic response systems and avoiding tracking, and then transferred them to their own oil tankers on the high seas, so as to obtain Russian oil cheaper.

In 2023, Russia's total oil exports soared to a whopping 2400 million tons. Compared with 2021, which was not full of gunpowder, its export volume not only did not show a decline, but bucked the trend, rising by 7%. This growth trend is just like the phoenix reborn in Nirvana, taking off from the ashes of war. One of the reasons behind this is that demand on the battlefield is like an invisible driver, injecting a strong impetus into the economy. The war, the money-burning game, made the 400,000 Russian officers and soldiers on the front line spend as much as 3 per day on food, drink, lazar, salary, welfare, medical expenses and pensions$300 million. And the consumption of tanks, ammunition, and ** systems is immeasurable. In 2022, Russia's military spending amounted to 863US$700 million, a surge of 31% from 2021, and its share of GDP reached 406%。However, this is just the beginning. Putin** has decided to continue to massively increase military spending in 2024, spending 30% of the fiscal on about $119 billion, equivalent to 6% of GDP. This decision has enabled Russia's military spending to reach the highest level since the collapse of the Soviet Union, demonstrating the country's importance and determination to military strength. In this economic chess game, the demands of war have become the strongest pawns, pushing Russia's economy out of an unusual path.

However, this short-lived prosperity is like the afterglow of the sunset, and there is a deep price hidden behind it.

After this war, Russia will be in a dual dilemma of capital and technology, and will be forced to rely on the export of rich minerals and natural resources in exchange for advanced industrial products from other countries, thus becoming an "economic colony".

This, combined with the loss of many elite talents in the past two years, has made Russia's prospects for the development of high-tech industries slim.

In the future, Russia may only be reduced to a country dominated by energy exports. However, under the tide of global energy transition, the era of oil has gradually faded away, and there are few days left to live on energy. Therefore, Russia's national fortunes are undoubtedly going downhill.

It is worth noting that in 2023, Poland and Hungary in Central and Eastern Europe will usher in a historic moment, and their per capita GDP will both exceed the $20,000 mark, officially joining the ranks of developed countries.

Today, almost all countries that joined the European Union in the sphere of influence of the former Soviet Union have been lifted out of poverty. For example, Czechoslovakia and Estonia have a GDP per capita of nearly $30,000, and countries such as Lithuania, Latvia, Slovakia and Croatia have crossed the $20,000 threshold.

Romania and Bulgaria, although slightly inferior, also have a GDP per capita of 160,000 and 1$30,000. This series of numerical changes not only bears witness to the rise of Central and Eastern European countries, but also indicates the future prosperity and hope of this region.

These countries, like runners in a relay race, have taken over the industrial baton of Western Europe at different stages and have achieved good results.

This is precisely why Ukraine has dreams and is eager to break free from Russia's shackles and join the arms of the European Union.

Ukraine's current GDP per capita is about $4,500, the second-lowest in Europe, and this economic situation has made the people's yearning for a better life even stronger.

Young people have dreams and are eager to go to EU countries to find a broader world and seek better job opportunities, and economic factors are undoubtedly the primary consideration in their hearts.

In fact, at present, economic strength is still the foundation of a country's comprehensive strength, and there are not a few countries in the world that are making unremitting efforts to catch up, and we still need to have a sense of urgency.

The International Monetary Organization has estimated that the global per capita GDP will reach about $13,300 in 2023, with developed countries averaging about $55,900 and developing countries $6,500. Against this backdrop, the world's top GDP per capita is undoubtedly Luxembourg, Ireland and Switzerland. Luxembourg's per capita GDP is as high as 140,000 US dollars, like a bright star shining in the night sky; Ireland followed with nearly $120,000, as if it were a galloping dark horse; Switzerland came in third with $110,000 and is leading the way for the world economy as a steady leader. In Asia, Singapore's GDP per capita is unique, exceeding US$80,000, approaching the US$90,000 mark, making it the shining jewel of the Asian economy.

In comparison, China's per capita GDP is about $13,000, which is on par with the world average and ranks around 68th in the world. However, that doesn't mean we don't have room for improvement. On the contrary, China's economic development still has great potential and room for growth.

We are well aware that the gap between urban and rural areas and between coastal and inland areas in China is still significant, and these are all challenges that we need to overcome on the road of economic development.

In the future, we still have a lot to do, to innovate and reform, to promote sustained economic prosperity and common prosperity of the people. Let us work together to write a new chapter in China's economy and contribute China's strength to the prosperity and progress of the world.

Article**: World Sensitivity

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