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India's GDP amounts to about a quarter of China's today and its banking industry just a tenth.
But because traded goods account for only around 25% of America's GDP, the current-account deficit of 5-6% of GDP amounts to an enormous 20-25% of traded-goods production.
The difference – 7% of GDP – amounts to close to $1.5TN per year.
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This figure is bigger than the GDP amount because it assumed the agreement would improve our terms of trade.
The stock of private-equity investment as a fraction of GDP amounted to 3.2% in Israel and 1.9% in South Africa at the end of 2005, putting them ahead of every region of the world except North America (see chart).
On Dec. 6, 1941, the U.S. stock market capitalization as a percentage of GDP amounted to just 21%–an all-time low compared to the present ratio of 120%.
In 2006, GDP amounted to in purchasing power parity (PPP) dollars (estimate), or about $8,100 per capita.
The health consequences and economic costs of AMR are respectively estimated at 10 million human fatalities a year and a 2 to 3.5 percent decrease in global Gross Domestic Product (GDP), amounting to US$1000 trillion by 2050.
It has been estimated that if 20% of existing border obstacles would be removed, border regions would gain 2% in GDP, amounting to approximately 91 billion EUR per year in GDP.
Relative to GDP, this amounts to 121.5%, and the proportion increased by 150 basis points every quarter over the past year.
Making the brave assumption that opening up an economy to e-commerce will give a similar spur to productivity, and adding in the direct cost savings from procurement, the bank estimates that over time the Internet will boost the level of GDP by amounts ranging from 5% in Indonesia to an impressive 12% in Singapore.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com