the largest determinant of gdp growth is
December 2011. Abstract. This paper uses a panel of 23 emerging markets for the period 1965â2008 to study the. determinants of per capita GDP growth in the Philippines. The Philippines is an outlier in terms. of agricultural exports, investment, research and development, population growth, and political. uncertainty.
The United States is the world's largest economy with a GDP of approximately $18.56 trillion, notably due to high average incomes, a large population, capital investment, moderate unemployment, high consumer spending, a relatively young population, and technological innovation.