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Comparison of the National Income of the Five Countries with the Largest Populations, Including Indonesia Page all

KOMPAS.com – The human population is predicted to reach 8 billion in 2022. Then, the number is estimated to be 8.5 billion in 2030, 9.7 billion in 2050, and 10.9 billion in 2100.

Data released by the United Nations (UN) shows that the number of humans is expected to continue to grow on earth.

Some parties think that this number has reached the threshold of human living space on earth, causing various disasters.

Others consider the rapid reproduction of humans as a manifestation of success in the health sector which in general is able to support humans to live longer.

A number of countries have the largest populations, including China with 1.45 billion people, India 1.40 billion, the United States (US) 334 million, Indonesia 279 million and Pakistan 229 million.

Read also: History of World Population Day and How the United Nations Responds to the Population Explosion…

The data for 2022 released from World Meter also shows that Brazil, Nigeria, Bangladesh, Russia, and Mexico are the countries that contribute to the next largest human population.

National income of the 5 most populous countries

The large number of people in a country has the opportunity to produce more and more economic activities. However, are the real conditions in 5 countries really like that?

From the statistics available on the UN’s official website, national income as measured by Gross Domestic Product (GDP) is not always directly proportional to the size of the population in these countries.

For example, India has a population that is larger than the US, but has a lower income or GDP than the country of Abang Sam (US).

Likewise, China, which has the largest population, has the second largest GDP, after the US, which has the highest GDP value among the five.

The following is the GDP of the 5 countries with the largest human populations, which can also be used to measure their economic growth rates.

1. China

China is in first place with the largest population, which is 1.45 billion people. Among the five countries, its GDP ranks second.

The current price GDP generated by China during 2020 is 14.7 trillion US dollars or equivalent to Rp. 220,842 trillion, assuming the rupiah exchange rate is Rp. 15,000 per US dollar.

Meanwhile per capita, GDP based on current prices in China is worth 10,229 US dollars or equivalent to Rp. 153,435,000 in the same year.

In general, China is the country with the second largest economy in the world after getting an average growth of 9.52 in the period 1989 to 2019.

Their economic reform program since 1978 includes emphasizing the creation of private and rural businesses, loosening state regulations on prices, and investing in labor education and industrial output.

Another area they are doing to promote economic growth is worker efficiency.

2. India

India has the second largest population in the world, at 1.40 billion people. With that many people they generate a GDP of 2.6 trillion US dollars or the equivalent of Rp. 39,971 trillion.

Their GDP per capita is 1,931 US dollars, or the equivalent of almost IDR 29 million per person in 2020. India’s economy in general is the 7th largest in the World in 2022.

Since the 1990s India has liberalized its economy by deregulating industry, relaxing trade and investment controls, and privatizing state-owned enterprises.

The move is considered successful in increasing India’s economic growth to date.

3. United States of America (USA)

Although the US has the third largest population with 334 million people, it has continued to maintain itself as the world’s highest economy since 1871.

In 2020, the US GDP at current prices is more than 20 trillion US dollars or equivalent to Rp. 313,406 trillion. Meanwhile, GDP per capita is 63,123 US dollars or Rp. 946,845,000.

Supporting and encouraging US entrepreneurship has a domino effect driving innovation, leading to increased economic growth.

The USD currency is used in world trade, diversification of the workforce, and the increase in the manufacturing industry, which also contribute to boosting economic growth.

4. Indonesia

As the 4th most populous country, with 279 million people, Indonesia is not yet included in the 10 countries with the largest GDP in the world in 2022.

Although nationally, GDP at Indonesia’s current prices in 2020 is 1 trillion USD, or equivalent to Rp. 15,876 trillion.

Although nationally, the GDP figure based on current prices is lower than India’s, Indonesia’s GDP per capita is actually higher.

If India’s GDP per capita is 1,931 dollars, the average person in Indonesia has contributed 3,870 US dollars or the equivalent of Rp. 58,050,000.

This shows that each Indonesian people are generally more productive economically than India, with their respective carrying capacities.

5. Pakistan

Pakistan is the fifth most populous country with 229 million people.

GDP at current prices in 2020 is 257 billion US dollars. Pakistan is also not included in the top 10 largest GDP earners in the world by 2022.

GDP based on current prices per capita in Pakistan in 2020 is US$ 1,167 or equivalent to Rp. 17,505,000 assuming the rupiah exchange rate is Rp. 15,000 per US dollar.

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