When it comes to economics what does it mean when people say the US GDP is 26 %

[Parker99]

When it comes to economics what does it mean when people say the US GDP is 26 % and what does this mean?

What does it mean when people say the US GDP is 26 %

And why is Japan GDP only 4%

 

[jotathought]

When it comes to economics what does it mean when people say the US GDP is 26 % and what does this mean?

What does it mean when people say the US GDP is 26 %

And why is Japan GDP only 4%

With reference to a couple of different countries, it refers to the United States' share of the total, global GDP. The United States would account for 26% of the total economic output produced by all countries combined, reflecting the relative size of our economy compared to other countries.