Top 10 economies in the world 2022

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June 08, 2023 Author: The shores of Nauru. You might have never heard ofNauru—a tiny island in the South Pacific Ocean—which was the fastest-growing economy on Earth until a decade ago. What changed? Bird poop, specifically the island'sfossilized bird guano supply, which is an exceptional fertilizer. OnceNaura's fertilized guano supply almost entirely dried up,its gross domestic product (GDP) growth virtually ceased. The island now survives economically due to thesupport it receives from Australia, which has built a detention center there for imprisoned asylum seekers. Such sudden injections of foreign funds can boost economic output dramatically—at least on paper—but the truth is that Nauru isfacing financial ruin. How Economic Growth Takes Place Is Critical The story of this island is a cautionary tale about the perils of nations relying on just one source of income for their economic well-being instead of trying to develop a diversified economy. The people of another quite small nation, Guyana—215,000 square kilometers bordering with Brazil, Suriname, Venezuela and the North Atlantic Ocean—could learn a thing or two from Nauru's experience. About two years ago—following one of the largest offshore crude discoveries in decades—Guyana officially became an oil producer. With a production that is estimated to reach up to 800,000 barrels per day by 2025, the windfall could transform the nation from one of the poorest in Latin America per capita into one of the richest.And wi...

Looking at the big picture, Indian GDP growth is also still doing quite well on a global scale and the country is The IMF has forecast a GDP growth of 6.8 percent for India in 2022. As many countries have been downgraded in this week's release by the organization, so was India. In April, the IMF had still projected a growth of 8.2 percent for the country. However, this still places India in the top 10 of the fastest growing economies in the world (out of those with Guyana was named as the fastest-growing economy in both forecasts by the IMF. The sparsely populated country is growing thanks to Can I integrate infographics into my blog or website? Yes, Statista allows the easy integration of many infographics on other websites. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites. You will find more infographics at The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL. • The Statis...