Development
Getting the GDP right
Economic (GDP) growth
GNI and GDP
- GNI < GDP: Nationals produce much less than it is produced in the country.
- GDP > GNI: Nationals produce much more than it is produced in the country.
| Year | Country | GNPcap | GDPcap | % diff |
|---|---|---|---|---|
| 2006 | Congo, Rep. | 1351 | 3336 | 1.47 |
| 2010 | Equatorial Guinea | 19742 | 34732 | 0.76 |
| 2017 | Cayman Islands | 41639 | 69421 | 0.67 |
| 2018 | Luxembourg | 72476 | 114110 | 0.57 |
| 2011 | Puerto Rico | 21674 | 33225 | 0.53 |
| 2015 | Ireland | 54474 | 71243 | 0.31 |
| 2000 | Angola | 3674 | 4707 | 0.28 |
| 2003 | Chad | 881 | 1112 | 0.26 |
| 2011 | Gabon | 11978 | 14882 | 0.24 |
| 2015 | Marshall Islands | 4781 | 3625 | -0.24 |
| 2007 | Lesotho | 2827 | 2077 | -0.27 |
| 2017 | Nauru | 14954 | 10682 | -0.29 |
| 2017 | Tuvalu | 5583 | 3904 | -0.30 |
| 2015 | Kiribati | 4495 | 2174 | -0.52 |
| 2008 | Timor-Leste | 10465 | 2522 | -0.76 |
We can search for different GDPs
wb_search("gdp.*capita")## # A tibble: 32 × 3
## indicator_id indicator indicator_desc
## <chr> <chr> <chr>
## 1 5.51.01.10.gdp Per capita GDP growth "GDP per capita is the sum o…
## 2 6.0.GDPpc_constant GDP per capita, PPP (cons… "GDP per capita based on pur…
## 3 GB.XPD.RSDV.GD.ZS Research and development … "Gross domestic expenditures…
## 4 GFDD.DM.01 Stock market capitalizati… "Value of listed shares to G…
## 5 GFDD.DM.02 Stock market total value … "Total value of all traded s…
## 6 NE.GDI.FPUB.ZS Gross public investment (… "Gross public investment (se…
## 7 NE.GDI.FTOT.CR GDP expenditure on gross … "Gross fixed capital formati…
## 8 NE.GDI.FTOT.SNA08.CR GDP expenditure on gross … <NA>
## 9 NV.AGR.PCAP.KD.ZG Real agricultural GDP per… "The growth rate of real per…
## 10 NY.GDP.PCAP.CD GDP per capita (current U… "GDP per capita is gross dom…
## # … with 22 more rows