What are “really” the Largest Economic Markets ?

A major mistake in mainstream media is how you measure the largest markets. Often the media uses “population” as the measurement tool. Market worth cannot count people who “dont” consume much, thus, counting markets by population is not relevant. If you look at “future” “potential” markets that is another matter, however, that is very speculative- why ? In the past, in the late 1960’s observers looked at Brazil, Argentina and even Africa as future large economic markets- based on the idea that those large populations would equate into consuming, importing economic markets. Those predictions did not pan out. We need to look at economic markets by the size of their economy ( in real dollars today, not Purchasing Parity Power PPP) and what their imports amount to; so, instead of wasting time with mainstream economic incompetence, let’s examine who the largest markets really are by economy and imports:

T= Trillion USD 2008 Stats/est.
By Economy By Imports

1. European Union 16.8 T 1. NAFTA 2.7 T
2. NAFTA 16.4 T 2. USA 2.0 T
3. USA 14.3 T 3. European Union 1.6 T
4. Japan 4.4 T 4. Germany 1.1 T
5. China 4.2 T 5. China 0.95 T


In stark contrast to most mainstream media, that China is the SECOND largest economic power, or that it’s the most important or soon to be important market, it’s not even close. China by economic market ranks 5th and by imports- meaning- how
important is it to sell to China more than others, it also ranks 5th- not even close to second. In fact, NAFTA and the EU are eight (8) times larger than China. The point is, for economic recovery, looking to China is a huge mistake. World economic recovery will strongly and almost wholly depend on what the US, EU and Japan does with their employment rates, banks and currency. If you are a company looking to sell things, NAFTA and the EU imports $4.3 Trillion dollars a year- that is your market, while China imports just under $1.0 Trillion. As one can see from the stats, just like global warming issues, the mainstream media completely distorts the hard facts. Yet, headline after headline exclaim how it may be up to China to save America and the world- with what ? 1.5 Trillion in reserves that it can’t spend (it needs those reserves to protect against their own teetering banking system due to a high percentage of non-performing loans) against some 42 Trillion USD and Euros outstanding in 2008 ? It’s truly a tiny paltry number. Also consider the Chinese stimulus spending package of some $585 billion USD announced recently. First, most of that was already planned spending on infrastructure and secondly, that planned spending is not for fiscal 2009 but over the 2009-2014 fiscal years. In reality, you’re really looking at some 10-23 billion of new spending over what was already planned in infrastructure spending over the next few years. Do you really think 23 billion dollars is going to save a 80 trillion dollar world economy in 2009 ? You’re wasting your time reading mainstream media.