Nominal GDP of Asia with IMF Data & Projection [1980-2026] (UN List)

Nominal GDP of Asia with IMF Data & Projection [1980-2026] (UN List) SUBSCRIBE to VISUAL WORLD: http://shorturl.at/ciHRX ASIA list from UN. In this video, some countries and territories don't appear because not in United Nation. The channel will make up in another videos. Thank you. Data source: https://www.imf.org/external/datamapp... Gross domestic product (GDP) is the total market value of all final goods and services produced within the territory of a country in a given year. Nominal GDP is gross domestic product at current prices of final output of goods and services. Products are produced in any period, the price of that period is taken. Therefore, it is also called GDP at current prices. Real GDP is gross domestic product measured in terms of final output of goods and services for the study year, and prices in base years. Hence, it is also known as GDP at constant prices. Asia's economy is the economy of more than 4 billion people (60% of the world's population) living in 48 different countries. Six more countries are geographically located in Asia but economically and politically included in another continent. Like all other regions of the world, Asian economic prosperity varies greatly from country to country and within a country. That is because its scale is very large, from culture, environment, history to government system. The largest economies in Asia by nominal GDP are Japan, China and India. Economies range in size, from China with the world's second largest economy by nominal GDP (2010), to Cambodia being one of the poorest. By nominal GDP, the People's Republic of China has the largest economy in Asia and the second largest in the world, followed by Japan and India which ranks third and eighth in the world. South Korea is also a country with a large economy, ranked 12th in the world by nominal GDP. Japan is a very poor country in terms of resources except wood and seafood, while the population is too large, so most of the fuel has to be imported. However, thanks to the Meiji Restoration, industrialization, as well as the capture of several colonies, by the time of World War II, Japan's economic size had reached a level comparable to that of the European powers. In 1940, the total economic output (GDP) of Japan (converted in USD prices in 1990) reached 192 billion USD, compared with the UK is 316 billion USD, France is 164 billion USD, Italy is 147 billion USD, Germany is 387 billion USD, the Soviet Union is 417 billion USD. In general, after World War II, the Japanese economy was devastated during the war, but with appropriate policies, the Japanese economy quickly recovered (1945-1954) and developed to a high level ( 1955–1973) amazed the world. It is called the "Japanese Miracle". However, from 1974 to 1989, the economy slowed down, and by 1990 it was in a recession for 10 years. The Japanese call this the Lost Decade. By 2000, the economy came out of the crisis, but has remained in a state of stagnation ever since. The economy of the People's Republic of China is a market-oriented developing economy that combines a planned economy through industrial policies and a five-year plan strategy. China began to reform its economy in 1978 under the leadership of Deng Xiaoping. As a result, China has become the fastest growing economic power in the world, with an average growth rate of 10% over 30 years. Four of the world's ten largest financial centers are in China (including Shanghai, Hong Kong, Beijing and Shenzhen), more than any other country. China has 3 of the 10 largest stock exchanges in the world (Shanghai Stock Exchange, Hong Kong Exchange and Shenzhen Stock Exchange) by both market capitalization and trading volume. . China is the world's largest producer and exporter of goods. China is also the fastest growing commodity consumption market and the second largest importer in the world. China is a net importer of products and services and the largest trading nation in the world, playing an important role in international trade. China ranks #1 globally for patents, utility models, trademarks, industrial designs and exports of innovative goods and also has two (Shenzhen-Hong Kong-Guangzhou and Greater Bay Area) Beijing ranks 2nd and 4th respectively among the top 5 science and technology clusters in the world, more than any other country. ----- ✅ Playlist for Suggestion: Playlist of Covid-19:    • Covid 19 Graph Time Lapse - Covid 19 ...   Playlist of Top 10 Statistics:    • Covid 19 Cases in The World [Updated ...   Playlist of Economics:    • GDP PER CAPITA BY CONTRY OF THE WORLD...   ----- 🔔 SUBSCRIBE – So you won't miss us: http://shorturl.at/ciHRX