International Economic Organizations
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Questions and Answers

Which economic bloc has the highest GDP?

  • APEC
  • G-20 (correct)
  • OECD
  • RCEP
  • Which of the following blocs has the most number of members?

  • G-77 (correct)
  • AU
  • IORA
  • AfCFTA
  • Which bloc was formed in 1961?

  • GCC
  • ASEAN
  • OPEC
  • OECD (correct)
  • Which bloc has the lowest GDP?

    <p>MGC</p> Signup and view all the answers

    Which of the following blocs has 10 members?

    <p>AFTA</p> Signup and view all the answers

    Which bloc was formed in 1997?

    <p>IORA</p> Signup and view all the answers

    Which of the following blocs has a GDP of approximately $3.6 trillion?

    <p>ASEAN</p> Signup and view all the answers

    Which bloc has 13 members?

    <p>OPEC</p> Signup and view all the answers

    What is the formation year of SAFTA (South Asian Free Trade Area)?

    <p>2004</p> Signup and view all the answers

    How many members are there in SAFTA (South Asian Free Trade Area)?

    <p>8</p> Signup and view all the answers

    What is the approximate Foreign Exchange Reserve of India?

    <p>USD 600 billion</p> Signup and view all the answers

    What is the GDP of Vietnam in USD?

    <p>USD 445 billion</p> Signup and view all the answers

    What is the approximate GDP per capita of Vietnam?

    <p>USD 4,450</p> Signup and view all the answers

    What is the total trade (exports and imports) of Vietnam in 2022?

    <p>USD 732 billion</p> Signup and view all the answers

    What is the GDP per capita of Singapore on PPP?

    <p>USD 130,000</p> Signup and view all the answers

    Which organization has Vietnam as a member?

    <p>All of the above</p> Signup and view all the answers

    Study Notes

    International Organizations

    • ASEAN (Association of Southeast Asian Nations) formed in 1967, with 10 members, and a GDP of approximately $3.6 trillion.
    • RCEP formed in 2020, with 15 members, and a GDP of $25.8 trillion.
    • CPTPP formed in 2018, with 11 members, and a GDP of approximately $13.5 trillion.
    • USMCA formed in 2020, with 3 members, and a GDP of $24.8 trillion.
    • IORA formed in 1997, with 23 members, and a GDP of $12 trillion.
    • AU formed in 2002, with 55 members, and a GDP of $3 trillion.
    • SAARC formed in 1985, with 8 members, and a GDP of approximately $3.5 trillion.
    • BRICS formed in 2009, with 5 members, and a GDP of $27.5 trillion.
    • ACD formed in 2002, with 35 members.
    • EU formed in 1993, with 27 members, and a GDP of $18 trillion.
    • GCC formed in 1981, with 6 members, and a GDP of $1.6 trillion.
    • AFTA formed in 1992, with 10 members.
    • Mercosur formed in 1991, with 4 members, and a GDP of $3.4 trillion.
    • OECD formed in 1961, with 38 members, and a GDP of $59 trillion.
    • APEC formed in 1989, with 21 members, and a GDP of $53 trillion.
    • OPEC formed in 1960, with 13 members, and a GDP of $4.3 trillion.
    • AfCFTA formed in 2018, with 55 members, and a GDP of approximately $3.4 trillion (2022).
    • G-20 formed in 1999, with 19 countries + EU, and a GDP of approximately $85 trillion (2022).
    • G-77 formed in 1964, with 134 members.
    • MGC formed in 2000, with 6 members.

    Vietnam's Membership

    • Vietnam is a member of ASEAN, RCEP, CPTPP, ACD, AFTA, APEC, G-77, and MGC.

    Foreign Exchange Reserves

    • China: USD 3.2 trillion
    • Japan: USD 1.25 trillion
    • Switzerland: USD 875 billion
    • India: USD 600 billion
    • Russia: USD 568 billion
    • Taiwan: USD 656 billion
    • Saudi Arabia: USD 430 billion
    • Hong Kong: USD 420 billion
    • South Korea: USD 420 billion
    • Singapore: USD 340 billion
    • Thailand: USD 225 billion
    • Malaysia: USD 115 billion
    • Vietnam: USD 90 billion
    • Venezuela: USD 6 billion
    • Bangladesh: USD 18 billion

    GDP and GDP per Capita

    • The US: USD 26 trillion
    • China: USD 19 trillion
    • Japan: USD 5.2 trillion
    • Germany: USD 4.2 trillion
    • India: USD 3.8 trillion
    • UK: USD 3.7 trillion
    • Vietnam: USD 445 billion
    • GDP per capita is derived by dividing the respective GDP by its population
    • US: USD 75,000
    • China: USD 13,700
    • Vietnam: USD 4,450
    • India: USD 2,600
    • Singapore: USD 91,000
    • Somalia: USD 550
    • Norway: USD 92,500

    GDP per Capita on PPP

    • Vietnam: USD 14,500
    • Singapore: USD 130,000
    • The US: USD 73,000
    • China: USD 22,000

    Vietnam's Trade

    • Total trade (exports and imports) in 2022: USD 732 billion
    • Total exports in 2022: USD 370 billion

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    Description

    Test your knowledge of prominent international economic organizations, including their formation years, number of members, and GDP. This quiz covers ASEAN, RCEP, CPTPP, USMCA, IORA, and AU.

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