And The World's "Most Powerful" Nation Is...

Tyler Durden's picture

In terms of economic might, BBVA has created an index of "world market power" enabling an at-a-glance view of a nation's impact on the global economy via relevance of exports, exposure to external shocks, technological content, and retained value-added. And the winner is... Hint, not USA...


As BBVA sums up,

China shows the highest value not only among emerging economies but also when considering all the sample, inverting with the US the rank order given by the exports’ share in nominal terms.


China holds the largest share among emerging markets in the sample for 9 out of 18 industries, including all manufacturing groups except food (surpassed by Brazil). The largest industry share corresponds to textiles and leather (above 30%).


Russia and especially Saudi Arabia are well ahead in the ranking due to their key role in the oil market for which they show a high degree of product concentration.


India and Mexico have a similar share of world exports, although the market power index is significantly higher for the former on dominant positions in ‘other manufactures’ and business services.




On a side note, as Constantin Gurdgiev notes, three out of current G7 states should not be anywhere near G7. You might argue about Saudi Arabia's place in the world's 'power by exports' rankings, but China and Russia certainly are diversified enough and have a strong enough sway to be in G7.



BBVA's Full Report below:


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RichardParker's picture

Suppsedly avocados are more lucrative than drugs (so much so that the cartels are getting into the business).


Fuh Querada's picture

Considering the amount of debt, fraud, toxic financial paper and cancerous derivatives exported by the US "economy", 13% market power would appear quite modest.

Jack Burton's picture

Off Topic, but you just can't make this sort of shit up!

"US officials on Friday slammed plans to construct an EU-centric communication system, designed to prevent emails and phone calls from being swept up by the NSA, warning that such a move is a violation of trade laws.

Calling Europe’s proposal to build its own integrated communication system “draconian,” the office of the US Trade Representative (USTR) said American tech companies, which are worth an estimated $8 trillion per year, would take a financial hit if Brussels gives the initiative the green light. "

The USA is crazed in it's issuing of threats at the entire world and nobody reacts. Russia is not alone in being threatened now it is the EU.

Acidtest Dummy's picture

The ultimate sanction from the USA shall be isolationism. We will give them the silent treatment. That'll teach them to defy our majasty.

Telemakhos's picture

Does that mean we get to recall our troops from everywhere and redirect the excess military expenditure, that is, whatever exceeds what is necessary to defend our own soil, to debt reduction, commonly beneficial infrastructure improvement, and tax reduction?  Do we also reopen our factories and begin to produce what we consume?  Do we stop shipping our wealth overseas?  Can we disconnect from European ideologies of Kafka-esque bureaucratic rule, guilt tripping about traditions or pride to an extent that rivals any teenager's anorexia, and "humanitarian" interventionalism that thinly disguises neocolonial adventurism in Africa and MENA?

There could be upsides to teaching them to defy our majesty.  We'd have to work hard to earn a reputation for majestic and honorable democracy, though, and I don't think we've had an administration in my lifetime that contributed to such a goal.

Acidtest Dummy's picture

Yes and yes! We will build a wall so high nobody can get over it and we'll perfect democracy here until there are no bombs left and everyone is in agreement or six feet under.

RichardParker's picture

Are those walls to prevent illegals from getting in or to prevent the citizens (subjects) from getting out?

Acidtest Dummy's picture

Getting out?! Have you had your head examined lately? Becuase that's the way you'll get your head examined.

Bearwagon's picture

"Niemand hat die Absicht, eine Mauer zu errichten." (Nobody has the intention to build a wall.)
Walter Ulbricht 06/15/1961

KickIce's picture

Probably the only way GM becomes profitable.

dvfco's picture

No, our ultimate sanction *(I mean export) is our Democracy.  Don't you know that we are hated worldwide because of our. . . Freedom!  

Sorry, I'm slapping my knew here.

It looks like we'll be exporting out Freedom and Democracy again soon, ya know, to make the world a happier place and to thin out the under 30 year old under class of Americans. Sad and Sick.

McMolotov's picture

Not sure who would vote you down other than one of the NSA stooges who lurk at ZH.

"Crazed" is a good word to describe the US lately. "Hysterical" would be another, as would "desperate." The government of the United States is in the process of learning that the rest of the world needs America a lot less than America needs the rest of the world.

History has shown us that most emperors tend to go a bit insane as their empires crumble around them, and these are the dying days of Uncle Sam's Empire. Expect plenty of crazy shit.

RichardParker's picture

"Hubris" would also be an accurate description.

FredFlintstone's picture

"Hubris" is too high brow a term to be describing our arrogant and conceited leaders.

zerozulu's picture

Soon whole world will be cornered, I mean from US POV.

TeamDepends's picture

It's Hillary's fault!!!!!

Hillary/Sasquatch  2016

What difference does it make?

August's picture

Hey!  That more billions that our descendants are going to have to repay.


TeamDepends's picture

You mean their descendants?  budumpshh!!

Who was that masked man's picture

So, US is FIRST! runner up.  

cccmachine's picture

I thought it was the G6 now?

crazzziecanuck's picture

It's back to the G7 since the powers in the G7 decided to take back Russia's decoder ring and kick them out of the treehouse.

Hannibal's picture

US is still #1 destroying lives!

q99x2's picture

US and UK shouldn't be there. Their main exports are FRAUD, weapons and financial terrorism

logicalman's picture

You are  correct, but there's one thing the Brits excell at, IMHO - Comedy.

The world would be a worse place without it.

Doesn't excuse the other stuff.

RichardParker's picture

One thing's for sure, they certainly don't excel in their cuisine or dentistry.  And yes, the world would probably be a better place without ieither.  LOL

midtablerespectability's picture

Can't believe the UK is that high. This is coming from a Brit.


zhanglini's picture

I didn't even see UK in top 10 (and was not surprised), until I saw you post and went back to the chart ....

zhanglini's picture

I didn't even see UK in top 10 (and was not surprised), until I saw you post and went back to the chart ....

Haager's picture

O.K., UK on 5th may look a little bit overstated, but it's merely London with it's paper values and not the UK as a whole.

ChargingHandle's picture

When most what the US does is consume and print, I suspect forward illustrations show a snowballing trend. 

falak pema's picture

Power is a transient expression of flux density which, like GDP, does not take into account the cumulative balance sheet of stock; of debt and asset; as these are hidden under the carpet in a game of primacy of moment and ongoing momentum.

But Nemesis is a steely eyed woman who has a better sense of judgement over a longer time horizon.

As she knows Karma, or vengeance of History (life's circle), is a dish that is eaten cold; once the fire of flux and mortal dust have settled and we can tell who won and who lost and MORE IMPORTANT ; WHY ! 

dizzyfingers's picture 

NATO on High Alert, U.S. Sending Military Forces,
Russia Threatens U.S. Dollar April 05, 2014

MORE TROOPS, MORE SHIPS, MORE PLANES.... Bankers will have their war, ready or not?

pies_lancuchowy's picture

This is funny. Power IS ISRAEL , ISRAEL is power , Obama and Romney needed to KNEEL before Israel before being ELIGIBLE for 'election'

W74's picture

I'm guessing you saw at least one of the presidential "debates".  

Israel was one of the most used words, perhaps occurring more frequently than the word 'the'.

NDXTrader's picture

Sorry, but that's just silly. I'm no fan of the American regime of debt and more debt, but the great thing about debt is that it can be cancelled. We could collapse the Chinese economy tomorrow with tariffs, and just cancel the money we owe them. That may lead to war, but those Treasury bonds are only backed by the full faith and credit of the gov. In reverse what could China do to the US? Stop selling us cheap bullshit? That may only lead to more jobs in the US. Anyone who has actually been outside of the major cities in China would laugh at them being an economic power. Their biggest worry is feeding 2 billion people

Savyindallas's picture

But where would we buy our lightbulbs? Blow dyers, electronics? Wouldn't thgis also shut down Walmart and put 70% of the US consumer based economy out of a job?

probaby, but who cares about the the 70%? or the 80%? We could provide even cheaper labor for the 1% and the additional 9% who form the administrative and police state class for the 1%.

Savyindallas's picture

us, there are millions of beautiful young girls (and boys) in America who could serve the sexual needs of the 1 to 10%  -all of whom could serve their country and the Fed's goal of reducing unemployment by speading their wealth around.  .

Savyindallas's picture

But where would we buy our light bulbs? Blow dryers, electronics? Wouldn't thgis also shut down Walmart and put 70% of the US consumer based economy out of a job?

probaby, but who cares about the the 70%? or the 80%? We could provide even cheaper labor for the 1% and the additional 9% who form the administrative and police state class for the 1%.

FredFlintstone's picture

Light bulb supposedly last 7 years now (no more incandescent). That should give us enough time to get production under way again.

Nimby's picture

Yeah, 7 years ON AVERAGE.  I think they got to that number by creating 1 lightbulb that lasts 1000 years and throwing it into the mix with the rest that don't last 2 years.

LooseLee's picture

And the biggest worry of the USSA is 300 million people seeking vengeance for being DUPED the past 50 years...

Spastica Rex's picture

Nation states - how quaint.

mc225's picture

lol... really. all of this 'country' stuff is for the hairlips.

Rising Sun's picture

OECD = shit fucking UN crap headquartered in Paris, France.


It's going to be great to see Europe go down the fucking toilet along with the french and we won't have to tolerate these blood sucking lazy entitlement fucks anymore.


World market power index - shove this report up Christine Lagarde's fucking cunt!!!!!

shutdown's picture

If there was a "Kill People in Other Nations for Kicks" index the USA would be far ahead of whomever is #2.  

nah's picture


kchrisc's picture

I claim bullshit. Not because China is number one, but because the DC US is even in the top 50 of this chart.