How is possible that the USA has such a gigantic GDP?

[Ernie]

https://en.wikipedia.org/wiki/List_of_c ... _(nominal)

https://www.quora.com/How-is-possible-t ... gantic-GDP

Read and discuss. This is not a political thread.

Please keep partisan comments/debates out of this thread - avoid comments that reflect negatively on either right-leaning or left leaning political persuasions or characters. Please keep this thread focused on the topic.

[Josh]

Eventually, GDP is roughly the same as median income times the number of people.

America has a big population and also has a huge middle class, with a high median income compared to most other countries.

Some countries like Luxembourg have an even wealthier middle class but they have a small population.

Russia, India, China, Brazil have big populations but their middle class is small and even the middle class’s income is quite low compared to America.

[Ernie]

Eventually, GDP is roughly the same as median income times the number of people.

America has a big population and also has a huge middle class, with a high median income compared to most other countries.

Some countries like Luxembourg have an even wealthier middle class but they have a small population.

Russia, India, China, Brazil have big populations but their middle class is small and even the middle class’s income is quite low compared to America.

Yes. Here is also an interesting chart about this.
https://datatopics.worldbank.org/world- ... egion.html (Click on the arrow above the map for income by year.)

[temporal1]

It is hard to imagine a more stupid or more dangerous way of making decisions
than by putting those decisions in the hands of people who pay no price for being wrong.
Thomas Sowell

over+over+over

[Ken]

Here is a graphic showing the relative sizes of different country's GDPs relative to the whole world



And here is an interesting time lapse video showing changing per-capita GDP in the world from 1960 to 2020