The real GDP per capita is the best measure of economic success. It can be an expression of various driving forces behind the growth, however. The largest (practically full spectrum of industries and services) economies are competing with each other in all political (i.e., economic and military) aspects. The military power is very important to protect the non-equivalent exchange with smaller economies. The overall economic influence (the margin of non-equivalent exchange) of a given country can be described by three parameters – the increment of real GDP per capita, military power, and total population. The smallest countries can be extremely successful in a few specific activities, however. Bigger countries have to fight.
Clearly, the military interaction in the key trade focus
points (Suez canal, Panama canal, Malacca strait) grows in intensity and
probably in the next decade may come closer to the global war: China squeezes
the USA out of the strait of Malacca droplet by droplet, Russia has a military base
in Syria and will get a new technical base for warships in Sudan (Red Sea); China
and Russia both invest in Venezuela and provide military support. Yet, Russia
and China does not control these focus points but can ruin them and stop the
trade at any moment. In all the strategic points, the West loses control gained after
the Former Soviet Union closed its own military bases worldwide.
Below I present a table listing the real GDP per capita annual increments in the 21st century and total population (2018), as presented in the Maddison Project Database. Position #5 is occupied by Saudi Arabia. Its wealth is based on oil and military protection by the USA. Position #10 belongs to Switzerland. It is difficult to call this country “small” in terms of economy, but it has a few very specific businesses likely subject to increasing influence from abroad. The Russian Federation is number 20: the unbeaten military power with nuclear weapon and the largest territory is well supported by the sixth place in the real GDP (PPP) list. The growth rate in real GDP per capita was extremely healthy ($784 per year on average) after the recovery from the dramatic fall associated with the transition to capitalism from socialism. Germany occupies position 27 and likely is the major beneficiary of the EU. The success of East European countries is related to the EU subvention, which is close to the end, however. This is the reason for the two-speed Europe – almost all east European countries lost their economic power. The UK (73), France (83), Italy (92), Spain (89) are almost the worst performers in the EU – lost their power relative to Germany. The USA is #41 (close to the "Ultimate Question of Life, the Universe, and Everything"). Let’s see what happens in 2020 and 2021. China is 47, but its economic and military power is based on the largest population despite lower real GDP per capita.
|
mean GDP
pc increment since 2000 (2011 prices) |
Country |
population,
x1000 |
|
5999 |
Qatar |
2606 |
|
1702 |
Singapore |
5996 |
|
1697 |
Norway |
5313 |
|
1649 |
Kuwait |
4229 |
|
1528 |
United
Arab Emirates |
9619 |
|
1467 |
Saudi
Arabia |
33344 |
|
1438 |
Ireland |
4859 |
|
1249 |
Bahrain |
1584 |
|
1230 |
Turkmenistan |
5410 |
|
1007 |
Switzerland |
8668 |
|
997 |
China,
Hong Kong SAR |
7350 |
|
993 |
Taiwan,
Province of China |
23324 |
|
920 |
Lithuania |
2799 |
|
889 |
Kazakhstan |
18323 |
|
867 |
Equatorial
Guinea |
797 |
|
842 |
Seychelles |
95 |
|
823 |
Republic
of Korea |
51635 |
|
818 |
Poland |
38371 |
|
790 |
Czechoslovakia |
16015 |
|
784 |
Russian
Federation |
146476 |
|
761 |
Czech
Republic |
10605 |
|
748 |
Montenegro |
614 |
|
735 |
Australia |
24855 |
|
732 |
Slovakia |
5409 |
|
724 |
Romania |
19191 |
|
722 |
Latvia |
1927 |
|
712 |
Germany |
84152 |
|
708 |
Panama |
3801 |
|
694 |
Hungary |
9774 |
|
690 |
Azerbaijan |
9648 |
|
683 |
Oman |
4725 |
|
644 |
Malta |
487 |
|
632 |
Malaysia |
31143 |
|
630 |
Sweden |
10175 |
|
589 |
Estonia |
1292 |
|
580 |
Mongolia |
3103 |
|
574 |
Iceland |
353 |
|
557 |
Bulgaria |
7167 |
|
534 |
Belarus |
9528 |
|
532 |
Netherlands |
17232 |
|
525 |
United
States |
327835 |
|
521 |
Trinidad
and Tobago |
1215 |
|
510 |
Iraq |
40012 |
|
507 |
Dominican
Republic |
10385 |
|
487 |
Croatia |
3861 |
|
473 |
New
Zealand |
4840 |
|
465 |
China |
1385439 |
|
455 |
Austria |
8892 |
|
449 |
Former
Yugoslavia |
21424 |
|
448 |
Serbia |
7078 |
|
440 |
Canada |
37206 |
|
439 |
Iran
(Islamic Republic of) |
82239 |
|
433 |
Botswana |
2263 |
|
430 |
Slovenia |
2067 |
|
427 |
Puerto
Rico |
3295 |
|
411 |
Algeria |
41490 |
|
409 |
Turkey |
85935 |
|
409 |
Luxembourg |
610 |
|
405 |
Denmark |
5794 |
|
396 |
Uruguay |
3396 |
|
394 |
Georgia |
4922 |
|
390 |
Thailand |
67515 |
|
388 |
Gabon |
2083 |
|
383 |
Israel |
8460 |
|
383 |
Chile |
18676 |
|
364 |
Uzbekistan |
30023 |
|
359 |
Indonesia |
259494 |
|
351 |
Armenia |
2907 |
|
350 |
Albania |
3063 |
|
348 |
Peru |
31382 |
|
345 |
Finland |
5516 |
|
340 |
United
Kingdom |
66746 |
|
335 |
Belgium |
11429 |
|
326 |
Mauritius |
1364 |
|
323 |
Sri Lanka |
21732 |
|
320 |
Angola |
22638 |
|
304 |
Japan |
125848 |
|
298 |
Costa
Rica |
4994 |
|
298 |
Egypt |
102184 |
|
291 |
Libya |
6688 |
|
286 |
Lebanon |
7708 |
|
284 |
France |
67029 |
|
280 |
Colombia |
48128 |
|
277 |
TFYR of
Macedonia |
2119 |
|
270 |
Cyprus |
1022 |
|
258 |
Ukraine |
43952 |
|
255 |
South
Africa |
55341 |
|
250 |
Spain |
47380 |
|
247 |
Paraguay |
7099 |
|
240 |
Cuba |
11116 |
|
233 |
Brazil |
211308 |
|
233 |
Lao
People's DR |
7234 |
|
233 |
Argentina |
44695 |
|
228 |
Philippines |
112106 |
|
225 |
India |
1298136 |
|
225 |
Viet Nam |
97076 |
|
222 |
Myanmar |
54400 |
|
216 |
Jordan |
9116 |
|
216 |
Mexico |
121656 |
|
211 |
Tunisia |
11478 |
|
209 |
Republic
of Moldova |
3453 |
|
207 |
Ecuador |
16499 |
|
205 |
Morocco |
35496 |
|
204 |
Portugal |
10221 |
|
188 |
Bosnia
and Herzegovina |
3947 |
|
185 |
Dominica |
74 |
|
182 |
Saint
Lucia |
166 |
|
180 |
Cabo
Verde |
568 |
|
177 |
El
Salvador |
6368 |
|
176 |
Swaziland |
1087 |
|
172 |
Nigeria |
202534 |
|
171 |
Namibia |
2554 |
|
151 |
Tajikistan |
8604 |
|
145 |
Bangladesh |
167475 |
|
140 |
Bolivia
(Plurinational State of) |
11306 |
|
138 |
Greece |
10662 |
|
131 |
Pakistan |
219964 |
|
120 |
Ghana |
27858 |
|
117 |
Zambia |
17255 |
|
116 |
Nicaragua |
6085 |
|
109 |
Cambodia |
16409 |
|
107 |
Kyrgyzstan |
5718 |
|
96 |
U.R. of
Tanzania: Mainland |
56367 |
|
95 |
Honduras |
9002 |
|
92 |
Italy |
60447 |
|
86 |
Congo |
5165 |
|
86 |
Guatemala |
17232 |
|
85 |
Mauritania |
3840 |
|
84 |
Sao Tome
and Principe |
204 |
|
81 |
Kenya |
51372 |
|
80 |
Afghanistan |
34941 |
|
79 |
Sudan
(Former) |
41774 |
|
79 |
Djibouti |
884 |
|
76 |
Côte
d'Ivoire |
27623 |
|
74 |
Chad |
15253 |
|
59 |
Ethiopia |
106468 |
|
58 |
Nepal |
29718 |
|
51 |
Cameroon |
26374 |
|
50 |
Rwanda |
11916 |
|
48 |
Sierra
Leone |
6312 |
|
47 |
Uganda |
42331 |
|
42 |
Lesotho |
1962 |
|
41 |
Jamaica |
2672 |
|
35 |
Senegal |
16356 |
|
31 |
Guinea |
11855 |
|
29 |
Comoros |
821 |
|
29 |
Mali |
16507 |
|
25 |
D.R. of
the Congo |
95239 |
|
25 |
Gambia |
2093 |
|
17 |
Burkina
Faso |
19700 |
|
17 |
Benin |
12018 |
|
17 |
Togo |
8176 |
|
15 |
Niger |
21234 |
|
15 |
Guinea-Bissau |
1833 |
|
12 |
Haiti |
10788 |
|
10 |
Madagascar |
25684 |
|
8 |
Malawi |
20217 |
|
-3 |
D.P.R.
of Korea |
25381 |
|
-4 |
Mozambique |
25998 |
|
-5 |
Burundi |
11229 |
|
-9 |
Liberia |
4810 |
|
-9 |
State of
Palestine |
4615 |
|
-19 |
Central
African Republic |
5745 |
|
-33 |
Zimbabwe |
14097 |
|
-34 |
Barbados |
293 |
|
-107 |
Yemen |
30217 |
|
-182 |
Venezuela
(Bolivarian Republic of) |
28890 |
|
-240 |
Syrian
Arab Republic |
16931 |
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