The McKinsey Global Institute recently estimated that world financial assets today are more than three times world GDP triple the ratio in 1980 (and up from only two thirds of world GDP after World War II).

While the US contributes 28 to world GDP, China accounts for only 5 .

The World Bank estimates that such constraints are costing China 2.3 of GDP.

Sources UNCTAD, Handbook of Statistics, 2004 (exports and imports of merchandise) and World Bank, World Development Indicators 2005 (GDP).

Since 2008, banking sector credit growth in China has been among the fastest in the world, far outpacing GDP growth, and China s total debt has risen from 130 of GDP to 220 of GDP.

Sources World Bank, World Bank Development Indicators 2005 (GDP per capita) and UNCTAD, UNCTAD Handbook of Statistics, 2004 (inward FDI).

Japan s GDP share is about one third of Asia and 8 of the world.

WASHINGTON, DC Greece s GDP, at about 300 billion, represents approximately 0.5 of world output.

Healthcare expenditure accounted for 4.5 of Bahrain's GDP, according to the World Health Organisation.

In terms of GDP per capita, Qatar is the richest developing country in the world.

Fixed investment in China is close to 50 of GDP which must be a world record.

But, after the World Bank revised China s GDP in PPP terms downward by 40 , that undervaluation disappeared.

In 2012, world trade expanded by only 2.5 , while global GDP grew at a disappointing 3.2 rate.

The EU is an indisputable success, constituting the largest integrated economic area in the world and accounting for more than 30 of world GDP and around 17 of world trade.

If this metropolitan area were a country, it would rank about 14th in the world in GDP terms.

The United States trade and current account deficits have begun to shrink relative to American and world GDP.

Egypt is the largest wheat importer in the world, and food subsidies account for approximately 2 of GDP.

The starting points are a 40 public debt to GDP ratio and an average budget deficit that, as a share of GDP, is four percentage points lower than in the advanced world.

Most policymakers still focus on GDP, because, while not perfect, it is strongly correlated with highly prized real world outcomes.

Austria is one of the richest countries in the world, with a nominal per capita GDP of 52,216 (2014 est.).

Investors around the world would take on Japanese GDP risk in return for an expected yield, just as with catastrophe bonds.

China s growth continues to astound the world indeed, new GDP data suggest that its economy is 20 larger than previously thought.

To re launch agriculture in the developing world would require an estimated 30 billion per year, representing 0.05 of global GDP.

Finally, workers all over the world took it on the chin, accepting lower real wages and a smaller share of GDP.

After all, British public debt exceeded 250 of GDP in the aftermath of World War II, and Britain did not default.

In April 2010, the International Monetary Fund s World Economic Outlook projected 1.8 annual GDP growth in Germany and the Netherlands in 2013.

The mainstream school defines China as a developing country, pointing to China s per capita GDP, which ranks only 104th in the world.

Liberia has the highest ratio of foreign direct investment to GDP in the world, with US 16 billion in investment since 2006.

GDP Fetishism

The first issue concerns the continuation of enlargement. The EU is an indisputable success, constituting the largest integrated economic area in the world and accounting for more than 30 of world GDP and around 17 of world trade.

If the oil price stays at 40 a barrel, expect it to have next to no effect on short term world GDP growth.

Meanwhile, strong currency demand has led China s M2 (broad money supply) to increase to 180 of GDP the highest level in the world.

As a result of this chronically rapid growth in broad money, China s M2 GDP ratio has surpassed 180 , the highest in the world.

If successful, it would cover more than 40 of global GDP and account for large shares of world trade and foreign direct investment.

It is hard to imagine now what that world will be like with a doubling or quadrupling of just about every country s GDP.

First, total public sector debt (including state and local debt) is already nearing the 119 of GDP peak reached after World War II.

Since NAFTA, Mexican real GDP has grown at 3.6 per year, and exports have boomed, going from 10 of GDP in 1990 and 17 of GDP in 1999 to 28 of GDP today.

Consider Green GDP.

The economy of England is the largest part of the UK's economy, which has the 18th highest GDP PPP per capita in the world.

In GDP terms, it fell even more, because GDP grew by 8.7 in 2008.

GDP link was also introduced to allow extra payments in case actual real GDP exceeded the base case GDP as projected by the Argentine Government.

On the other hand, critics point out that the world today is poor average annual GDP per capita at purchasing power parity is roughly 7,000.

China s national saving rate including household saving and business saving is now about 45 of its GDP, which is the highest rate in the world.

Indeed, Japan s debt is now roughly 230 of GDP, higher than that of Greece (175 of GDP) and nearly twice that of Italy (125 of GDP).

At the end of 2007, developing countries, excluding China, held reserves equivalent to 20.6 of their GDP, compared to just 3.7 in 1990. This generated a huge asymmetry in the world economy, as industrial countries, excluding Japan, hold only 2.6 of GDP in reserves.