Topic: Unitary Government in terms of Economy

1. List of countries by GDP (nominal)

2. List of countries by GDP (PPP)
3. 5 largest unitary states by nominal GDP
4. Top 4 Largest Economies (Unitary)
a. China
b. Japan
c. United Kingdom
d. France

1. Rank

Country

GDP (List by World Bank 2015)

(millions of US$)
List of countries by GDP (nominal)

World
European Union[n 1]

73,433,644

United States F
China[n 6] U
Japan U
Germany F
United Kingdom U
France U
India F
Italy U
Brazil F
Canada F
South Korea U
Australia F
Russia[n 2] F
Spain U
Mexico F
Indonesia U
Netherlands U
Turkey U
Switzerland F
Saudi Arabia U

17,946,996
10,866,444
4,123,258
3,355,772
2,848,755
2,421,682
2,073,543
1,814,763
1,774,725
1,550,537
1,377,873
1,339,539
1,326,015
1,199,057
1,144,331
861,934
752,547
718,221
664,738
646,002

[9]

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

18,460,646

F= Federal (9)
U= Unitary (11)
These are the Top 20 countries in terms of GDP (nominal) year 2015.
(Excluding EU)
Eleven (11) out of 20 countries are under the Unitary type of Government
while nine (9) comprised by Federal type of Government respectively. (Not
including European Union, since its a composition of either Federal or
Unitary European countries)
Source: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

2. List of countries by GDP (PPP)

Rank

Country
World
China U
European Union[n 1]
United States F
India F
Japan U
Germany F
Russia F
Brazil F
Indonesia U
United Kingdom U
France U
Mexico F
Italy U
South Korea U
Saudi Arabia U
Spain U
Canada F
Turkey U
Iran U
Thailand U
Nigeria U

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

GDP
(Millions of Int$)
111,027,494
19,524,348
19,137,699
17,946,996
7,982,528
4,738,294
3,848,272
3,579,826
3,192,398
2,842,241
2,691,809
2,650,823
2,194,431
2,182,580
1,748,776
1,685,204
1,602,660
1,588,596
1,543,284
1,357,025
1,108,108
1,091,698

F= Federal (7)
U= Unitary (13)
These are the Top 20 countries in terms of GDP (PPP- Purchasing Power
Parity) year 2015. (Excluding EU) Thirteen (13) out of 20 countries are under
the Unitary type of Government while seven (7) comprised by Federal type of
Government respectively. (Not including European Union, since its a
composition of either Federal or Unitary European countries)
Source: https://en.wikipedia.org/wiki/Purchasing_power_parity

3. 5 largest unitary states by nominal GDP

China

Japan

United Kingdom

France

Italy

Source: https://en.wikipedia.org/wiki/Unitary_state

4. Top 4 Largest Economies (Unitary)

A. China
Since initiating market reforms in 1978, China has shifted from a centrallyplanned to a market-based economy and has experienced rapid economic
and social development. GDP growth has averaged nearly 10 percent a
yearthe fastest sustained expansion by a major economy in historyand
has lifted more than 800 million people out of poverty. China reached all
the Millennium Development Goals (MDGs) by 2015 and made a major
contribution to the achievement of the MDGs globally.
With a population of 1.3 billion, China recently became the second largest
economy and is increasingly playing an important and influential role in
the global economy.
Yet China remains a developing country (its per capita income is still a
fraction of that in advanced countries) and its market reforms are incomplete.
According to Chinas current poverty standard (per capita rural net income of
RMB 2,300 per year in 2010 constant prices), there were 70.17 million poor in
rural areas in 2014.
Rapid economic ascendance has brought on many challenges as well,
including high inequality; rapid urbanization; challenges to environmental
sustainability; and external imbalances. China also faces demographic
pressures related to an aging population and the internal migration of
labor.

Significant policy adjustments are required in order for Chinas growth to be

sustainable. Experience shows that transitioning from middle-income to highincome status can be more difficult than moving up from low to middle
income.
Chinas 12th Five-Year Plan (2011-2015) and the newly approved 13th Five-Year
Plan (2016-2020) forcefully address these issues. They highlight the
development of services and measures to address environmental and social
imbalances, setting targets to reduce pollution, to increase energy efficiency,
to improve access to education and healthcare, and to expand social
protection. The annual growth target in the 12th Five-Year Plan was 7 percent
and the growth target in the 13th Five-Year Plan is 6.5 percent, reflecting the
rebalancing of the economy and the focus on the quality of growth while still
maintaining the objective of achieving a moderately prosperous society by
2020 (doubling GDP for 2010-2020).

Source/s:
http://www.worldbank.org/en/country/china/overview
https://en.wikipedia.org/wiki/Economy_of_China

B. Japan
The economy of Japan is the third-largest in the world by nominal
GDP and the fourth-largest by purchasing power parity (PPP).[1][13] and
is the world's second largest developed economy.[14] According to the
International Monetary Fund, the country's per capita GDP (PPP) was at
$37,519, the 28th highest in 2014,[15] down from the 22nd position in
2012.[16] Japan is a member of the G7. The Japanese economy is
forecasted by the Quarterly Tankan survey of business sentiment
conducted by the Bank of Japan.[17] Nikkei 225 presents the monthly
report of top Blue chip (stock market) equities on Japan Exchange
Group.[18] Due to a volatile currency exchange rate, Japan's GDP as
measured in dollars fluctuates widely. Accounting for these fluctuations

through use of the Atlas method, Japan is estimated to have a GDP per
capita of around $38,490.
Japan is the world's third largest automobile manufacturing country,[19]
has the largest electronics goods industry, and is often ranked among
the world's most innovative countries leading several measures of
global patent filings.[20] Facing increasing competition from China and
South Korea,[21] manufacturing in Japan today now focuses primarily on
high-tech and precision goods, such as optical instruments, hybrid
vehicles, and robotics. Besides the Kant region,[22][23][24][25] the Kansai
region is one of the leading industrial clusters and manufacturing
centers for the Japanese economy.[26]
Japan is the world's largest creditor nation[27][28] as well as having the
highest ratio of public debt to GDP.[29][30] Japan generally runs an annual
trade surplus and has a considerable net international investment
surplus. As of 2010, Japan possesses 13.7% of the world's private
financial assets (the third largest in the world) at an estimated $13.5
trillion.[31] As of 2015, 54 of the Fortune Global 500 companies are
based in Japan,[32] down from 62 in 2013.[33]

Source/s:
https://en.wikipedia.org/wiki/Economy_of_Japan
http://www.meti.go.jp/english/policy/economy/data/pdf/overvew_economy20
1310.pdf

C. United Kingdom
The economy of the United Kingdom is the fifth-largest national
economy in the world measured by nominal gross domestic product (GDP)
and ninth-largest in the world measured by purchasing power parity (PPP),
comprising 4% of world GDP. It is the second-largest in the European
Union by both metrics.[23] The UK has been the fastest growing economy
in the Group of Seven (G7) for four consecutive years, with 2.2% year-onyear growth in the second quarter (Q2) of 2016.

In 2015 the UK was the ninth-largest exporter in the world and the sixthlargest importer, and had the second-largest stock of inward foreign direct
investment and the second-largest stock of outward foreign direct
investment.[24][25] The UK is one of the world's most globalised economies,
[26]
and is composed of (in descending order of size) the economies of
England, Scotland, Wales and Northern Ireland.
The service sector dominates the UK economy, contributing around 78%
of GDP; the financial services industry is particularly important, and
London is the world's largest financial centre.[27] Britain's aerospace
industry is the second- or third-largest national aerospace industry
depending on the method of measurement.[28][29] Its pharmaceutical
industry plays an important role in the economy and the UK has the thirdhighest share of global pharmaceutical research and development. [30][31]
The automotive industry is also a major employer and exporter. The
British economy is boosted by North Sea oil and gas production; its
reserves were estimated at 2.9 billion barrels in 2015.[32] There are
significant regional variations in prosperity, with South East England and
southern Scotland being the richest areas per capita. The size of London's
economy makes it the largest city by GDP in Europe.[33]
In the 18th century the UK was the first country to industrialise,[34][35][36]
and during the 19th century it had a dominant role in the global economy.
[37]
From the late 19th century the Second Industrial Revolution was also
taking place rapidly in the United States and the German Empire; this
presented an increasing economic challenge for the UK. The costs of
fighting World War I and World War II further weakened the UK's relative
position. In the 21st century, however, it remains a great power with
global strengths and an influential role in the world economy.[38][39][40][41][42]
[43]

In 2008, the UK entered the Great Recession during the financial crisis of
200708, its first for nearly two decades and its longest and deepest
recession since World War II. Since 2013, the UK has been in a nascent
economic recovery and is firmly in expansion territory. The economy is
now (Q1 2016) 7.7% bigger than its pre-crisis peak and 14.8% bigger than
its lowest point in 2009.[44]
Government involvement in the British economy is primarily exercised by
Her Majesty's Treasury, headed by the Chancellor of the Exchequer, and
the Department for Business, Innovation and Skills. Since 1979
management of the economy has followed a broadly laissez-faire

approach.[45][46][47][48][49][50] The Bank of England is the UK's central bank and

its Monetary Policy Committee is responsible for setting interest rates.
The currency of the UK is the pound sterling, which is also the world's
third-largest reserve currency after the United States dollar and the euro,
[51]
and also one of the ten most-valued currencies in the world.
The UK is a member of the Commonwealth of Nations, the European Union
(although it has voted to leave), the G7, the G8, the G20, the International
Monetary Fund, the Organisation for Economic Co-operation and
Development, the World Bank, the World Trade Organisation, Asian
Infrastructure Investment Bank and the United Nations
Source/s:
http://www.telegraph.co.uk/finance/economics/12068319/Booming-Britain-tobecome-worlds-fourth-largest-economy-as-France-and-Italy-face-G8exclusion.html
https://en.wikipedia.org/wiki/Economy_of_the_United_Kingdom

D. France
Overview
In 2010, the French had an estimated wealth of US$14.0 trillion for a
population of 63 million.[47]

In terms of aggregate wealth, the French are the wealthiest Europeans,

accounting for more than a quarter of wealthiest European households.
[48]
Globally, the French nation ranks fourth-wealthiest,.[49][50]

In 2010, wealth per French adult was a little higher than $290,000,
down from a pre-crisis high of $300,000 in 2007. According to this
ratio, French are the wealthiest in Europe. The tax on wealth is paid by
1.1M of people in France, the payment of this tax starts when a 1.3M
of assets is reached (there is a discount on the principal residence
value).

Almost every French household has at least $1,000 in assets.[51]

Proportionally, there are twice as many French with assets of over
$10,000 and four times as many French with assets of over $100,000
than the world average.[52]

The French are also among the least indebted populations in the
developed world with personal debt accounting for "little more than
10% of household assets".[53]

Millionaires
France has the second highest number of millionaires in Europe as of 2015.
There were 1.8 million millionaire households (measured in terms of US
dollars) living in France in 2015, behind the UK (2.4M) and Germany (1.5M).
[54]

The world's wealthiest woman and France's richest person is French L'Oreal
cosmetic empire heiress Liliane Bettencourt. The wealthiest man France is
the LVMH CEO and owner Bernard Arnault.
Source/s:
https://en.wikipedia.org/wiki/Economy_of_France