![]() (BOT): Uploading old version of file from en. (BOT): Uploading old version of file from en.wikipedia originally uploaded on 06:48:52 by Farcaster (BOT): Uploading old version of file from en.wikipedia originally uploaded on 04:16:41 by Farcaster (BOT): Uploading old version of file from en.wikipedia originally uploaded on 01:58:20 by Farcaster (BOT): Reverting to most recent version before archival Revised version has wrong date as 2011 in chart Reverted to version as of 18:14, 11 October 2015 (UTC) Reverted to version as of 21:47, 20 November 2015 (UTC) Reverted to version as of 21:51, 20 November 2015 (UTC) GFDL GNU Free Documentation License true true A copy of the license is included in the section entitled GNU Free Documentation License. Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. CC BY-SA 3.0 Creative Commons Attribution-Share Alike 3.0 true true share alike – If you remix, transform, or build upon the material, you must distribute your contributions under the same or compatible license as the original.You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made.to share – to copy, distribute and transmit the work.A further complication for Russia is that the country has been forced to sell oil at a steep discount because of Western sanctions. Russia and Canada are some of the world’s largest oil producers and the oil price has fallen since 2022. This is a distortion of how our income tax dollars are spent be-cause it includes Trust Funds (e.g., Social Se-curity), and most of the past military spend-ing is not distinguished from nonmilitary spending. In Egypt’s case, the drop can be partly explained by the country’s currency (Egyptian pound), which has dropped in value against the U.S. Federal Outlays for FY 2018 Government Deception The pie chart (right) is the government view of the budget. This is equal to about one-third of total decline of all 29 countries with shrinking economies.Įgypt (-$88 billion) and Canada (-$50 billion) combined make up another one-third of lost output. Russia will see the biggest decline, with a projected $150 billion contraction this year. In fact, 29 economies are projected to shrink from their 2022 sizes, leading to nearly $500 billion in lost output. Middle East: Saudi Arabia ($1.1 trillion).Here are the largest economies for each region of the world. Note: Projections for Afghanistan, Lebanon, Pakistan, Sri Lanka and Syria are missing from IMF’s database for 2023. Here’s a look at the size of every country’s economy in 2023, according to IMF’s estimates. India is expected to climb past the UK to become the fifth-largest economy with a projected 2023 GDP of $3.7 trillion. Most of the top-five economies remain in the same positions from 2022, with one notable exception. This is more than the sum of the GDPs of 174 countries ranked from Indonesia (17th) to Tuvalu (191st).Ĭhina stays steady at second place with a projected $19.4 trillion GDP in 2023. is expected to continue being the biggest economy in 2023 with a projected GDP of $26.9 trillion for the year. Ranking Countries by Economic Size in 2023 Nevertheless, some economies have proven to be resilient, and are expected to register growth from 2022. ![]() banks alongside persistent inflation and tightening monetary conditions in most countries. This budget pie chart template can help your company visualize your major. The year started with turmoil for the global economy, with financial markets rocked by the collapse of several mid-sized U.S. Pie Chart SpendingDiscretionary spending by the federal government totaled 1. ![]() All numbers used in this article, unless otherwise specified, are nominal figures, and do not account for inflation. ℹ️ Gross Domestic Product (GDP) measures the total value of economic output-goods and services-produced within a given time frame by both the private and public sectors. Offsetting revenue collected but not attributed to functions Here’s a look at the full breakdown, and where spending was allocated last year: U.S. This was the second highest deficit on record, down from a peak of $3.1 trillion in 2020 during the height of the global pandemic.Īfter income and Social Security spending, health was the third-largest expenditure in 2021. federal spending was higher in 2021, which put the federal government in a budget deficit of $2.7 trillion. Despite the trillions in revenue generated, like most years, U.S.
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