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=== Economic growth in the world === {{See also|List of countries by GDP (nominal)|List of countries by GDP (PPP)|List of countries by past and projected GDP (nominal)}} [[File:Lujiazui Skyline from Bund.jpg|thumb|Shanghai becomes a symbol of the recent [[Economic expansion|economic boom]] of China.]] Between 1999 and 2009, according to the [[World Bank]] statistics for GDP:<ref>{{cite web |url=http://siteresources.worldbank.org/DATASTATISTICS/Resources/GDP.pdf |title=The World Bank: World Development Indicators database, 1 July 2009. Gross domestic product (2008). |date=January 7, 2009 |publisher=World Bank |access-date=October 7, 2009 |archive-url=https://web.archive.org/web/20090912122439/http://siteresources.worldbank.org/DATASTATISTICS/Resources/GDP.pdf |archive-date=September 12, 2009}}</ref><ref>{{cite web |url=http://malchish.org/lib/economics/vvp.pdf |title=The World Bank: World Development Indicators database, 8 February 2000. Gross domestic product (2008). |date=January 7, 2009 |publisher=World Bank |access-date=December 27, 2009 |archive-url=https://web.archive.org/web/20110612030215/http://malchish.org/lib/economics/vvp.pdf |archive-date=June 12, 2011 |url-status=dead}}</ref> * The [[world economy]] by [[nominal GDP]] almost doubled in size from U.S. $30.21 trillion in 1999 to U.S. $58.23 trillion in 2009. This figure is not adjusted for inflation. By [[Purchasing power parity|PPP]], world GDP rose 78%, according to the IMF. But inflation adjusted nominal GDP rose only 42%, according to IMF constant price growth rates.<ref>{{cite web |url=http://www.imf.org/external/pubs/ft/weo/2010/01/weodata/weorept.aspx?pr.x=58&pr.y=7&sy=1999&ey=2009&scsm=1&ssd=1&sort=country&ds=.&br=1&c=001,110,163,119,203,123,998,200,904,901,505,511,406,603,205&s=NGDP_RPCH,PPPGDP&grp=1&a=1 |title=IMF WEO Database: Report for Selected Country Groups and Subjects, April 2010. |date=April 2010 |publisher=International Monetary Fund |access-date=October 2, 2010 |archive-url=https://web.archive.org/web/20121018070144/http://www.imf.org/external/pubs/ft/weo/2010/01/weodata/weorept.aspx?pr.x=58&pr.y=7&sy=1999&ey=2009&scsm=1&ssd=1&sort=country&ds=.&br=1&c=001%2C110%2C163%2C119%2C203%2C123%2C998%2C200%2C904%2C901%2C505%2C511%2C406%2C603%2C205&s=NGDP_RPCH%2CPPPGDP&grp=1&a=1 |archive-date=October 18, 2012 |url-status=dead}}</ref> The following figures are not inflation adjusted nominal GDP and should be interpreted with extreme caution: * The United States (U.S. $14.26 trillion) retained its position of possessing the world's largest economy. However, the size of its contribution to the total global economy dropped from 28.8% to 24.5% by nominal price or a fall from 23.8% to 20.4% adjusted for purchasing power. * Japan (U.S. $5.07 trillion) retained its position of possessing the second largest economy in the world, but its contribution to the world economy also shrank significantly from 14.5% to 8.7% by nominal price or a fall from 7.8% to 6.0% adjusted for purchasing power. * China (U.S. $4.98 trillion) went from being the sixth largest to the third largest economy, and in 2009 contributed to 8.6% of the world's economy, up from 3.3% in 1999 by nominal price or a rise from 6.9% to 12.6% adjusted for purchasing power. * Germany (U.S. $3.35 trillion), France (U.S. $2.65 trillion), United Kingdom (U.S. $2.17 trillion) and Italy (U.S. $2.11 trillion) followed as the 4th, 5th, 6th and 7th largest economies, respectively in 2009. * Brazil (U.S. $1.57 trillion) retained its position as the 8th largest economy, followed by Spain (U.S. $1.46 trillion), which remained at 10th. * Other major economies included Canada (U.S. $1.34 trillion; 10th, down from 9th), India (U.S. $1.31 trillion; remaining at 11th from 12th), Russia (U.S. $1.23 trillion; from 16th to 12th) Mexico (U.S. $875 billion; 14th, down from 11th), Australia (U.S. $925 billion; from 14th to 13th) and South Korea (U.S. $832 billion; 15th, down from 13th). * In terms of [[purchasing power parity]] in 2009, the ten largest economies were the United States (U.S. $14.26 trillion), China (U.S. $9.10 trillion), Japan (U.S. $4.14 trillion), India (U.S. $3.75 trillion), Germany (U.S. $2.98 trillion), Russia (U.S. $2.69 trillion), United Kingdom (U.S. $2.26 trillion), France (U.S. $2.17 trillion), Brazil (U.S. $2.02 trillion), and Italy (U.S. $1.92 trillion).<ref>{{cite web |url=http://siteresources.worldbank.org/DATASTATISTICS/Resources/GDP_PPP.pdf |title=Gross domestic product 2009, PPP |date=June 1, 2011 |access-date=February 13, 2012 |archive-url=https://web.archive.org/web/20140209081011/http://siteresources.worldbank.org/DATASTATISTICS/Resources/GDP_PPP.pdf |archive-date=February 9, 2014}}</ref><ref>{{cite web |url=http://www.imf.org/external/pubs/ft/weo/2010/02/weodata/weorept.aspx?pr.x=33&pr.y=7&sy=1999&ey=2009&scsm=1&ssd=1&sort=country&ds=.&br=1&c=924,158,111&s=PPPSH&grp=0&a= |title=5. Report for Selected Countries and Subjects |publisher=IMF.org |access-date=February 13, 2012 |archive-url=https://web.archive.org/web/20121018121622/http://www.imf.org/external/pubs/ft/weo/2010/02/weodata/weorept.aspx?pr.x=33&pr.y=7&sy=1999&ey=2009&scsm=1&ssd=1&sort=country&ds=.&br=1&c=924%2C158%2C111&s=PPPSH&grp=0&a= |archive-date=October 18, 2012 |url-status=dead}}</ref> * The average house price in the UK, increased by 132% between the fourth quarter of 2000, and 91% during the decade; but the average salary increased only by 40%.<ref>{{cite news |title=House prices almost doubled in a decade |url=https://www.theguardian.com/money/blog/2011/jan/31/house-prices-doubled-decade |access-date=February 26, 2013 |location=London |first=Jill |last=Insley |date=January 31, 2011 |archive-url=https://web.archive.org/web/20120128165317/http://www.guardian.co.uk/money/blog/2011/jan/31/house-prices-doubled-decade |archive-date=January 28, 2012}}</ref>
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