#globalgdp

The global economy is shaped by a handful of nations whose economic output significantly influences international trade, finance, and development. When analysts evaluate economic strength, one of the most commonly used indicators is Gross Domestic Product (GDP). GDP measures the total value of goods and services produced within a country over a specific period, typically a year. By examining the top countries by GDP, economists can understand which nations drive global economic activity and how economic power is distributed around the world. Also Read :- https://businessmindsmedia.com/top-countries-by-gdp/

The article focuses on how weather can have macroeconomic effects on the global economy. In particular, the fallout of El Niño on local economies, where rising temperatures can effect profitability of nations such as Indonesia, India and Australia, caused by droughts and reduced working hours. 

It can have the opposite effect on other economies, with GDP growth usually seen in the same period in nations such as the US AND Thailand. The weather is associated with fewer hurricanes and more wet weather in drought hit areas such as US state California.

More energy is demanded from coal and oil as less can be produced from thermal plants and hydroelectric dams. After a large El Niño event has occurred, oil usually sees a surge in prices.