china is the richest country in the world in terms of gdp.
richest country in the world in terms of gdp?
china
the food production grew thanks to more lands being cultivated and to the increasing yields. the production of iron and salt and other commodities also grew in this period. according to the gdp estimates by broadberry et al, the per capita gpd was stable during the song and ming dynasties before going down during the qing dynasty when the population increase outstripped the gdp growth. thus song china was the richest country in the world by gpd per capita at the turn of the millennium, by the 14th century parts of europe caught up with it and the significant gap between china and europe appeared by the middle of 18th century.
economic history of china before 1912
the economy of the organisation of islamic cooperation (oic) combines the economies of 57 member states. 53 are predominantly muslim states. those 57 oic countries have a combined gdp (at purchasing power parity; ppp) of us$27,949 billion. the richest country on the basis of gdp per capita at ppp is united arab emirates. on basis of per capita gdp, qatar is richest country with incomes exceeding us$133,357 per capita. according to a report by salam standard, the gdp impact of the world’s muslim tourism sector exceeded $138 billion in 2015, generating 4.3 million jobs and contributing more than $18 billion in tax revenue.
economy of the organisation of islamic cooperation