Countries with the Biggest Economies by GDP

Missed Poland...

don't worry, it's out of the list

Poland is not on the list

I forgot Italy like a fool, but I would have never guessed Iran and Indonesia. Got the rest though.

Indonesia is the 4th most populous country in the world and Iran is a huge country with lots of people that also happens to be among the top energy exporting countries in the world.

Still is. Even with sanctions in place they are still top 10-20 in the world for exports of oil, natural gas, and electricity. They produce so much of all three that they could meet their own energy needs about 20x over for the foreseeable future, and people still believe the nuclear program is for energy.

Who are you talking to Tecumseh? I read the 4 comments above yours and don't see any criticism.

Dudi..because I'm not a fool. Like I said they have HUGE surpluses of oil, natural gas, and electricity. They're also on the cutting edge in terms of geothermal power. Their economy is in the shitter and they have no reason at all to be investing resources into nuclear energy, especially given all the trouble this has caused for then internationally. You'd have to be an infant to think that Iran wants nuclear power to meet its energy needs.

Also I'm morbidly curious what news sources that kook Tecumseh likes. PressTV?

In 2011 the Rand Corporation surveyed Iranian citizens and found that 41% strongly opposed development of nuclear weapons, while 32% strongly favored it. By contrast, 87% strongly support developing nuclear energy for civilian use. As the country is ruled by an ayatollah with supreme authority and no checks on his power, I'm not sure if public opinion really matters, though. And I'm sure that the government has many people there believing in their bullpoop.

The comment was made 9 years ago.

Poland is not on the list...

It used to be...

Missed Taiwan!

mmm I missed south korea

missed japan and australia!

Sorry to admit I missed Japan. Somehow in my head I had already added it and couldn't figure out that one country high on the list that I was missing.

Missed Iran!!!

Only missed Taiwan, and I kept thinking of it and not putting it down!

100% with 1:33 remaining

100% with 2:55 remaining

Lol... I missed canada, spain and south korea XD! (that sucks)

On every list I look at Saudi Arabia is ranked 20th, while Poland is ranked 22nd-24th and Iran is ranked 22nd-32nd. What gives?

oh.... I figured it out.... that "purchasing power parity" BS.... That's baloney. Who cares how much stuff the people in the country can buy with their money? That doesn't have any objective effect on the real size of the economy compared to the rest of the world. But.. okay.

18/20

Missed taiwan and Poland

Got them all first try :D almost missed Italy though

Haaaahah..... missed 3. Spent all my time tracing mental maps of Europe, Asia, Africa, South America.... Forgot Canada and Mexico.

yeah, i made it. I couldn't believe when my country, indonesia was in that list

Poland? Really?

Missed Canada!!

HOW.DID.I.FORGET.ITALY.AND.FRANCE.

Got Taiwan but not spain. ugh....

missed taiwan

19/20...... missed Taiwan

did noone forget india

i got all but spain.

haha missed china... and indonesia, turkey, iran, taiwan

Missed South Korea, Iran, Poland & Taiwan. 80%

Got It!

2:42!

Missed Saudi Arabia only

I got all of them... except Italy... -__-

I'm very surprised that Nauru isn't up there.

We all know how massive Nauru's economy is.

It's a small country in the Pacific, I don't know about that...

Do you understand sarcasm?

@Liopleurodon: That's only what Nauru's enemies want you to think.

Damn you Taiwan!

Damn you kevlarkev!

oh I HAVE MISSED TAIWAN AND IRAN....still dont get how iran was there???

Got all of them except South Kore

Probably because you didn't spell it right...

ohh Taiwan... just that one!!

CANT BELIEVE I MISSED UK FRANCE TURKEY SO StUPID!

Missed Turkey

Got Taiwan 1st

100% with only three seconds to spare, need to work on that. Almost missed Taiwan and South Korea!

Missed Canada and Poland, oh well.

First attempt, only missed Iran

got all, i'm 12 yrs old

Congrats! You must be at least 16 now. How would you do now?

lol

I'm from Iran. I forgot Iran. Only country I forgot. I am ashamed :(

2 things confuse me here: 1) Your choice of PPP instead of nominal. 2) The text on the front page saying "In a few more years, we might have a new #1." According to GDP PPP, China is the #1 and will remain there for decades.

But the value of those goods and services decreased substantially, as did Canadians' ability to acquire goods and services from outside of Canada, as did the Canadian government's ability to pay debts etc. This all has very real effects of the country's economic "size" in an international sense.

And, while, yes, nominal GDP is effected by currency fluctuations, PPP is hardly immune from that, as currency values have a great impact on the cost of goods and services in a country for a variety of different reasons. So, nominal GDP is affected by the vagaries of currency fluctuation, and PPP is affected by that, plus a whole set of other vagaries placed on top of that, such as tax and tariff fluctuations, wage fluctuations, oil price fluctuations, and fluctuations in the price of a cheeseburger.

An interesting solution would be to have both measures in one quiz. I'm sure there's a quiz that does this by nominal GDP already.

Probably. I did one several years ago that used nominal GDP per capita, but not overall GDP.

@kalbahamut: Your logic works the other way, too, though. Canada exports a lot of material to the United States, so when the dollar goes down it doesn't slow down the economy really at all. Additionally, I believe Canada is still a net exporter. The lower dollar can be a boon to the large primary resource sector of the Canadian export economy. For instance, the wages that lumber mills paid stayed the same as the dollar dropped, but profits increased because of the exchange rate.

All but 2! Luckily I got some of the more obvious ones :)

100% 2:30 left, why is the Netherlands not here?

100% with 30 seconds left on first try

Didn't accept ROK :(

missed Nigeria, but where is South Africa???!!!

Only missed Russia. LOL

I missed Thailand :(

Thats not the GDP, USA has biggest economy, China, FRance, RUssia, Germany, Japan... They have bigger economies in this quiz than they actually have

Also, it says GNP as the column header. Haven't seen anyone else say anything.

I was thinking of Thailand but didn't type it down!

got everything accept brazil lol

Brazil's and Indonesia's places are out of order.

Egypt's economy is bigger than South Africa or Nigeria? After those didn't take, I tried DRC and figured I'd hit all the large African economies.

Egypt's economy in real dollars is somewhere between 44th and 51st in the world. Using PPP gives them a huge boost because while the economy is growing the currency has been greatly devalued and though inflation is very high the price of goods still aren't going up as fast as the pound is going down.

In real world dollars Nigeria and Africa are both 30th-32nd, so, well ahead of Egypt.

*South Africa

https://en.wikipedia.org/wiki/List_of_African_countries_by_GDP_(nominal)

Maybe it was different in 2019, but we're only a bit behind Nigeria. And they have double our population.

Yeah DRC is actually really poor. They only have $52 billion so there is no way they will make it on this list anytime soon

That moment when you get 20/22 but miss Japan and Thailand... AAARRRGGHH!!!!!

Oh lord, Thailand! WHYYYYYYYYYY

I got them all except for South Korea.

Indonesia has 3.28 T and Brazil 3.22 T but Brazil is above Indonesia

I thought I typed in Australia and India, but those were the only 2 I missed. (Got most answers by looking at comments.)

Why would you do that?

I was amazed I got all of these right. I had 1:24 remaining at 7:06:24 PM on February 26, 2019. Thailand was the last one I guessed, as I sorted through my mind what the most likely countries were.

-TERRIBLE MISTAKE- I was thinking about Egypt at first, but I didn't think it would be on there so I thought I might aswell leave it. I was missing one more and that one turned out to be Egypt! :(

I missed Thailand even though I guessed literally every other country in Southeast Asia...

No joke finished first try with one second remaining... that was a close one.

I missed Taiwan and Thailand. I'm not sure how I missed Thailand though.

I don't know what it is, but I forget South Korea every single time. No matter what quiz it is, if there's no map or flag, I won't remember it.

Spelt Thailand as "Tailand." Would have been complete with 1:16 to spare... ugh.

According to the IMF for 2018 Egypt is just below Australia (above Taiwan). So the IMF forecasts Egypt to drop below Taiwan for 2019.

Missed Turkey.

Iran and Turkey are much more populous than Poland. Also, the GDPs are calculated using the purchasing power parity (ppp) method, which means that cheaper countries get a boost. Iran and Turkey have a lower cost of living than Poland.

stop cheating by reading the comments, then.

Yeah,why do you read the comments before completing the quiz? stop cheating!

now we know what china's been playing at

how is Thailand so rich?

it's not rich. But the economy has been doing well and they have a pretty large population. Also, the country is relatively cheap, so if you use actual GDP figures and not PPP they drop to 22nd-25th.

damn it i missed rwanda

Me in the middle of the quiz, trying to see what happened in the comments: Oh. This entire time I didn't know what GDP meant.

Isn't the US GDP larger than China's, and isn't Germany's larger than India's?

Spain has more GDP than Mexico...

Taiwan every friggin time.

Missed Canada because I already thought I tried it. Ended up guessing stuff like eSwatini instead.

Would like to see a quiz of 21-40

A bit confusing that the title uses GDP but the answer table uses GNP. I guess it doesn't affect the ability to complete it in any measurable way, though

Not a single country from Africa... Not that surprising but it made me sad 😔

Got all of em! Almost missed Taiwan, I forget it sometimes since its not a full united nation member

usa has higher gdp

If China being ahead of the US is because of China handling the virus "well" I'm not sure I believe that. China is very insecure about it's image around the world to the point that it has bought into certain western news organizations and lied about handling covid well. You can't trust a government who uses propaganda to suppress anything which could make it look bad.

Can't believe I missed Iceland.

I would have though Taiwan, and maybe Israel would be on this list. I imagine they are in the 20s?

Missed turkey but got the rest.

Missed Taiwan

I can't believe I almost missed India and Brazil. (Facepalm)

Well done,My dearest Taiwan!

got all of it! almost missed turkey and indonesia

India is going to pass USA soon:)

missed Taiwan and Poland, i forget jp reconized it, 99% i remember

I feel so stupid I missed Russia and Brazil

some of these r wrong, but its good anyways

I'd say we should change this quiz into one that's based on GDP that is calculated nominally, and create a separate quiz for GDP (PPP).

GDP (nominal) is more commonly used to simply measure the sizes/production/output of national economies and as GDP (PPP) is more often used for purposes related to standards of living or the market sizes due to their inherent characteristics.

(Allow me to write up rest of the response below as I lack the space to do it here alone)

You've formerly stated that the reason you used GDP (PPP) over nominal GDP is because GDP (PPP) is less affected by fluctuations in currency values, which is true and which is the reason why GDP (PPP) is commonly used for calculation of the market sizes and all. However when we are to compare national economies and their capabilities, GDP (PPP) is often considered unfit for purpose. There is a reason why nominal GDP is preferred in such fields despite its woes which GDP PPP may solve.

Firstly, one big problem is that GDP (PPP) fails to take account of different industrial structures, qualities of products and how products are valued in different countries and therefore lacks accuracy - especially when comparing between developed and developing nations, with differing industrial structures and qualities of goods and services. Now how can this lead to a fall in accuracy one may ask, so let's take an example.

Haiti - though I'd hate to say this - is quite well known for its poverty and I'll assume that you are aware of this too. Its nominal GDP is at 761$ but its GDP PPP is at 1810$ and here you may see a huge discrepancy. The cause of discrepancy comes from the industrial context of Haiti. Haiti, like many other developing nations, lacks the industrial base to produce a lot of consumer goods on its own and thus it is mostly reliant on neighbouring DR for import of such. Now you may probably see the problem here. Though Haitians suffer from high living costs due to being charged the same prices for consumer goods as neighbouring DR (Because, it's not like DR would sell products at a devalued price because Haitians have a lower income than they have) while PPP will adjust the influence of the exchange rate when calculating the GDP PPP. Thus by using the GDP PPP, Haitians' purchasing power in actuality will be overvalued, hence the inaccuracy. And the Haitians are in good company as many othe

LEDCs also suffer from high living costs ignored by the GDP PPP, being reliant on imports for daily consumer goods. There is a reason why there was a time when Luanda was ranked the most expensive city in the World.

Plus there is a general argument that exchange rates are inseparable when we're to measure and compare the economic powers of countries. This is a quote from a WSJ article: ''China can’t buy missiles and ships and Iphones and German cars in PPP currency. They have to pay at prevailing exchange rates. That’s why exchange rate valuations are seen as more important when comparing the power of nations.". The quote saying the PPP is not adequate to measure what an economy can exactly do.

Sorry for that long read but if you did make it to this point, please do consider making the said changes? While GDP PPP is an undoubtedly useful figure, it seems quite inappropriate to use for a quiz that's "biggest economies quiz" - or so my opinion goes. Uh thank you for reading..?

Also a relatively minor issue: the column of the quiz shows GNP where it should actually be GDP - those two are completely different things.

GNP measures the production done by the nationals of the country while GDP measures production done in a country. For example, GDP of the US would include the production/consumption activities of an Indian tech worker in California while excluding production done by an Apple factory in India while the GNP would exclude the former and include the latter. The difference being what's called 'Net Factor Incomes from Abroad (NFIA)'

If you title the quiz in GDP atleast say which one u r using. Cus this type is the more inaccurate one.