failed states Compared by Economy > Tax > GDP > Current US$
DEFINITION:
GDP (current US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
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Interesting observations about Economy > Tax > GDP > Current US$
- European Union ranked first for tax > GDP > current US$ globally in 2012.
- 5 of the bottom 20 countries by tax > GDP > current US$ are Latin American and Caribbean.
- 102 of the bottom 192 countries by tax > GDP > current US$ are Hot countries.
- 3 of the bottom 21 countries by tax > GDP > current US$ are Catholic.
- 2 of the bottom 53 countries by tax > GDP > current US$ are UK and its territories'.
- 49 of the bottom 200 countries by tax > GDP > current US$ are European.
- 25 of the bottom 198 countries by tax > GDP > current US$ are NATO.
