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A comment on Germany set to eclipse Japan as No. 3 economy in 2023, IMF says. Parent comment

Re:Germany set to eclipse Japan as No. 3 economy in 2023, IM... by ericpauley on Thursday October 26, 2023 @05:12PM (#38031771)
Germany is part of the European Union, which is 10x larger than Japan and a sixth of world GDP.
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Re:Germany set to eclipse Japan as No. 3 economy in 2023, IM... by deepsun on Thursday October 26, 2023 @05:53PM (#38032180)
Why sixth? EU's GDP is #2 (nominal) lagging very slightly to US [1], or #3 by PPP.

Germany's GDP is #3 (nominal) or #5 (PPP) [2].

[1] https://www.imf.org/external/datamapper/PPPSH@WEO/EU/CHN/USA

[2] https://en.wikipedia.org/wiki/Economy_of_Germany

UPDATE: fixed the statement, previous was about world trade share.

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Re:Germany set to eclipse Japan as No. 3 economy in 2023, IM... by AlchemistCamp on Thursday October 26, 2023 @06:04PM (#38032303)
Not quite sure what you're smoking but that claim is not true. The US economy was roughly comparable in size to the EU's 15 years ago but is now nearly 1/3 larger than the EU + UK, or about 1/2 larger than the EU without the UK: https://www.ft.com/content/80ace07f-3acb-40cb-9960-8bb4a44fd...
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Re:Germany set to eclipse Japan as No. 3 economy in 2023, IM... by deepsun on Friday October 27, 2023 @04:53PM (#38043776)
Seems like the difference is in PPP vs Nominal. Numbers are hard. Matching the numbers:

                 US   / EU   / Europe:
    Nominal [1]: 27.0 / 18.4 / 25
    PPP     [2]: 15.5 / 14.6 / 21
My point was that EU is higher than #6, as well as Germany, whatever the metric.

But, as I was corrected below, they meant "sixth" as share, not as rank.

[1] https://www.imf.org/external/datamapper/NGDPD@WEO/USA/EU/EUQ

[2] https://www.imf.org/external/datamapper/PPPSH@WEO/USA/EU/EUQ

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Re:Germany set to eclipse Japan as No. 3 economy in 2023, IM... by aidenn0 on Thursday October 26, 2023 @05:54PM (#38032195)
Not #6 but "a sixth" as in 1/6 of the total GDP of the world.
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Re:Germany set to eclipse Japan as No. 3 economy in 2023, IM... by hollerith on Thursday October 26, 2023 @05:57PM (#38032226)
>EU's GDP is #2, greatly surpassing US

Your link [1] shows that the EU surpasses US in international trade, not in GDP.

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Re:Germany set to eclipse Japan as No. 3 economy in 2023, IM... by deepsun on Thursday October 26, 2023 @06:02PM (#38032280)
Yep, fixed (you're too fast! :).

Although the statement still holds, but it's "slightly" not "greatly" now.

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