Matching Money

World GDP is equal to roughly $80 trillion in nominal terms. One-quarter comes from the US, another quarter comes from Western Europe (about 20 countries) and Canada, another quarter comes from China (about 60% as big as the US), Japan (the world’s third largest economy), South Korea (11th) and Philippines (36Th). The final quarter comes from the remaining 169 nations including the smallest nation, Tuvalu with GDP of $38 million.