A salesperson could use a ballpark figure to estimate how long a product a customer was thinking about buying might be viable. The phrase is an adaptation of the earlier “in the ballpark,” also used to ask someone for an estimate of a specific number or price in the ballpark. The phrase is also slang or colloquial saying, and it applies more to informal than formal settings.

A ballpark figure is a rough numerical estimate or approximation of the value of something that is otherwise unknown. Ballpark figures are commonly used by accountants, salespersons, and other professionals to estimate current or future results. A stockbroker could use a ballpark figure to estimate how much money a client might have at some point in the future, given a certain rate of growth.

How to say ballpark figure in sign language?

If you give a ballpark figure or a ballpark estimate, you give a number which you think is fairly close to the actual one. The origin of this phrase comes from how a commentator would give an estimate of the number of audiences by just looking around. Speculated to have started in America through baseball but it is now a popular way of speaking throughout the world.

Strangely, the meaning of the term is for a general estimate, but baseball is a sport driven by accurate statistics and record keeping. If you ask someone for a “ballpark figure” on building you a garage at home, then you’re asking them for a rough estimate on the costs of the work. You are not asking them to commit to a firm price; you’re just trying to clarify the expenses because you have no idea what to expect.

Ballpark-figure Definition

Major business and financial decisions should probably not be made based on these numbers; however, they could first serve as estimates to be refined through more thorough analysis. As a concept, it has applications in business estimates, as well as in everyday life, depending on the circumstances. This post looks at the origins and meaning of the phrase “ballpark figure.” We’ll also give you examples of how to use this idiom in a conversation. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. It can also be used to estimate public adoption of a concept, technology, or product, as in how many people are likely to buy a certain phone and how long it might take them to upgrade that phone, once purchased. A ballpark figure is a broad numerical estimate of what something might amount to if it was measured accurately, and assessed for the purpose of business negotiations, dealmaking, or general brainstorming of ideas.

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• So, if you’re with your boss and chatting privately, using the language would be appropriate.
• Strangely, the meaning of the term is for a general estimate, but baseball is a sport driven by accurate statistics and record keeping.
• Speculated to have started in America through baseball but it is now a popular way of speaking throughout the world.
• A stockbroker could use a ballpark figure to estimate how much money a client might have at some point in the future, given a certain rate of growth.
• A ballpark figure is a broad numerical estimate of what something might amount to if it was measured accurately, and assessed for the purpose of business negotiations, dealmaking, or general brainstorming of ideas.

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own real-life telephone calls. Perhaps from the fact that, although baseballs are seldom hit out of the ballpark, they may still land anywhere within a large area.

Ballpark Figure – Meaning, Origin and Usage

So, if you’re with your boss and chatting privately, using the language would be appropriate. You could be estimating everything from the size of a baseball stadium to betting odds or a quote on a new swimming pool for your yard. The term ballpark figure applies to many different situations, and it’s a common phrase used in modern language – you probably use it yourself.

• There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
• A ballpark figure is a rough numerical estimate or approximation of the value of something that is otherwise unknown.
• Perhaps from the fact that, although baseballs are seldom hit out of the ballpark, they may still land anywhere within a large area.
• It can also be used to estimate public adoption of a concept, technology, or product, as in how many people are likely to buy a certain phone and how long it might take them to upgrade that phone, once purchased.

Are you asking a contractor for a rough estimate on the costs of repairing or renovating your home? You could ask them to give you a “ballpark figure” over the phone to get an idea of what you need to loan from the bank for the project. You can use “ballpark figure” in social and professional situations but not in a formal conversation.

Are we missing a good definition for ballpark figure? Don’t keep it to yourself…

Ballpark figures can be used for day-to-day purposes, such as estimating how much food and beverages might be needed for a barbecue or how many months it will likely take to pay off a new purchase. We’re doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we’ll take care of it shortly. If you know of an idiom that you would like to be listed here, please use our online form to
suggest an idiom. A popular theory of the term posits that is probably has a history similar to that of the idiom “in the same ballparkm” which means “approximately the same amount.” Ballpark figures are estimates used to move a discussion or deal forward when the exact measurement of the size or amount of something cannot yet be determined.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Using a “ballpark figure” in the board room during a presentation would ballpark figure meaning probably give an impression of inaccuracy or uncertainty. While ballpark figures are used frequently and can be helpful in establishing a baseline for discussion, they should be treated as nothing more than estimates; they are not hard numbers. These figures are frequently blown out of proportion by salespersons and other professionals who must use persuasion to generate income or close deals.

After rising steadily for years, government debt first ballooned to almost 100% of GDP in 2020. While this ratio has fallen amid an economic rebound and high inflation in 2021 and 2022, it is projected to regain ground and continue climbing. For one, it is a measurement of economic output per person, not individual income or household savings. That gives it clear limitations in certain cases, such as in Ireland, where the presence of multinational corporations obfuscates the general output per person. To solve this problem, economists utilize purchasing power parity (PPP) indexes.

The GDP per capita varies drastically from one country to the next. The GDP of a country is dependent upon the country’s economic standing and overall profits compared to expenses. Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries. Traditional African economic heavyweight South Africa also features in this list of Africa’s richest. But Egypt, the region’s third largest economy, only makes the top 10 countries by GDP when adjusted for PPP, otherwise weighed down by its large population. PPPs can be expressed in the currency of either of the countries.

Comparing Trends Across Global Economies

One of its top companies is ASML, which is the only one capable of making advanced chipmaking machines. The Republic of San Marino is the fifth smallest top gdp per capita countries country in the world with a GDP of $2.7 billion. The Principality of Andorra is a landlocked European country with a relatively small $3.3 billion GDP.

The Federal Republic of Germany is Europe’s largest economy and known for big brands such as Audi and BMW. It has the fourth largest economy in the world of $4 trillion with a GDP per capita of $49,430. New Zealand is an island country in the Pacific Ocean with an advanced economy that relies significantly on agricultural products for global trade. The United Arab Emirates, or UAE, is a Western Asian Arabic country, which is known as a global hub. Brunei Darussalam is a Southeast Asian country that relies primarily on petroleum products to earn foreign exchange. Although it is expressed as a dollar amount per resident, GDP per capita is not a measure of the average or median personal income of a given country’s people.

Iceland

The State of Kuwait is an Arabic Western Asian country with a $183 billion economy with significant reliance on the petroleum industry. The Republic of Korea (ROK) is an Asian country with a large economy made up of multinationals such as Samsung and Hyundai. In the ppp ranking, Ireland will overtake Singapore and Qatar to become the 2nd richest economy in the world. Kuwait (-4) will be the worst
loser, followed by The Bahamas (-3) and Iceland (-3). In the nominal ranking, Ireland will overtake Singapore to become the 2nd richest economy in the world.

The country’s high GDP per capita can be attributed to its knowledge-based economy, innovation, and a strong focus on research and development. Sweden has thriving sectors such as manufacturing, information technology, green technology, and healthcare, contributing to its economic success. The country has a highly developed and diversified economy, with strong sectors such as technology, innovation, and defense. Israel is known for its advanced research and development, high-tech start-ups, and thriving industries in areas like cybersecurity, biotechnology, and aerospace.

The country’s high GDP per capita can be attributed to its thriving tourism industry, renewable energy sector, and robust fisheries. Additionally, Iceland benefits from a well-functioning welfare system, strong infrastructure, and a highly educated workforce. Countries with economic growth rising faster than real interest rates may be more likely to sustain high debt levels. But sticky inflation, prompting higher interest rates, will likely make these debt piles even more fragile. GDP per capita attempts to level the playing field by dividing a country’s economic output by its population, effectively giving the average GDP per person.

Singapore

The country is known for its open economy, advanced logistics, and highly developed infrastructure. The Netherlands excels in sectors such as manufacturing, services, agriculture, and international trade, making it a prominent player in global markets. The country’s strong economy benefits from its rich natural resources, including oil, gas, minerals, and forests. Canada also excels in industries such as manufacturing, finance, technology, and services.

The simplicity of this metric also makes it useful for economists and policymakers to communicate levels of economic well-being to the public. There are many ways to measure different economies against one another, but comparing countries by GDP per capita remains one of the most tried-and-true methods. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.

Faroe Islands

It also doesn’t account for the price differences between countries—for example, fresh vegetables in India are far cheaper than in Canada. Luxembourg, Ireland, and Norway lead the ranking with more than $100,000 in GDP per capita. Luxembourg is a key financial services center in Europe, Ireland is headquarters to many multinational corporations, and Norway is one of the largest energy exporters in the region, explaining their relative prosperity. It is the third most densely populated country in the world and has a GDP per capita of $84,500. The United Kingdom of Great Britain and Northern Ireland is a global power known for firms such as Shell and GSK.

• New Zealand is an island country in the Pacific Ocean with an advanced economy that relies significantly on agricultural products for global trade.
• The Cayman Islands has the seventh highest GDP per capita at $86,569.
• The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita.
• All this led to severe losses on the stock market and caused massive losses for some hedge funds.
• It has the sixth largest economy in the world and a per capita GDP of $51,290.

It has the sixth largest economy in the world and a per capita GDP of $51,290. The Republic of Finland is a Nordic European country that relies heavily on electrical equipment and other electrical products for its exports. The Kingdom of Belgium is a prosperous European nation and one of the most developed countries in the world. The Italian Republic is a European country with a diverse history and well known companies such as Ferrari, Leonardo, and Eni. To help compensate for this distortion of GDP, many economists also view a country’s Gross National Product (GNP), or a related metric, Gross National Income (GNI).

A key element of these indexes is that they remove these price differences and convert into a common currency in order to show relative economic prosperity. Popular examples are The Economist’s Big Mac index and the Wall Street Journal’s Latte Index. The State of Israel is a Middle Eastern country that is one of the most technologically advanced countries in the world.

Finally, other metrics for a good standard of living, some of them intangible in economic terms—human rights, freedom of expression—are not accounted for at all. On the other hand, Israel and Japan drop out of the richest countries in Asia when using PPP calculations, with countries like Saudi Arabia and Bahrain edging them out. Immediately, there are a few noticeable differences in the top 10 countries by GDP per capita when adjusted for PPP. For one, most countries’ values have increased from their nominal value (except for the U.S. since it is the benchmark). In the case of GDP, PPP measurements use an “international dollar” which can buy the same amount of goods in any given country as a U.S. dollar could buy in America. The above graphic from theWORLDMAPS ranks the top 10 countries by per capita GDP in different regions, using data from the International Monetary Fund (IMF).

All this led to severe losses on the stock market and caused massive losses for some hedge funds. Congress indicated that the Fed might raise its interest rate ceiling. The ten countries with the highest GDP per capita are Monaco, Luxembourg, Bermuda, Ireland, Switzerland, Norway, Cayman Islands, Singapore, United States, and Faroe Islands. Monaco has the highest GDP per capita standing at $234,316, followed by Luxembourg at $133,590. Bermuda has the third highest GDP per capita at $114,090, while Ireland has the fourth highest GDP per capita at $100,172. Switzerland and Norway have GDP per capita figures of $91,992 and $89,154, respectively.

The country’s favorable tax regime, skilled workforce, and strong infrastructure have also played a significant role in attracting international businesses and high-income individuals. GDP per capita is an important economic indicator that provides insight into the average income and living standards of a country’s population. Monaco has the highest GDP per capita at $234,316, followed by Luxembourg at $133,590 and Bermuda at $114,090. These countries consistently rank among the top in terms of GDP per capita, reflecting their strong economies and high-income levels. It’s important to understand that GDP per capita is not the only measure of a country’s economic and societal well-being. Factors such as income inequality, wealth distribution, and quality of public services also play a significant role in determining a nation’s overall economic conditions and living standards.

The country’s stability, quality of life, and skilled workforce contribute to its high GDP per capita. Switzerland’s strong economy is characterized by a highly developed financial sector, precision manufacturing, and a thriving pharmaceutical industry. Its reputation for quality products, technological innovation, and political stability has contributed to its high GDP per capita. We have used data from the International Monetary Fund (IMF) a global body responsible for helping distressed economies to pick the countries with the highest GDP per capita. In economics, there are two kinds of GDP readings – nominal and real. Nominal GDP is simply the total output per member of the population while the real reading also accounts for differences in purchasing power.

• One of its top companies is ASML, which is the only one capable of making advanced chipmaking machines.
• In fact, in the top 10, only the U.S. and Australia have a population of more than 10 million.
• This article was published as a part of Visual Capitalist’s Creator Program, which features data-driven visuals from some of our favorite Creators around the world.
• Monaco has the highest GDP per capita standing at $234,316, followed by Luxembourg at $133,590.
• The economy is highly diversified and characterized by its large consumer market, technological innovation, and significant contributions from sectors such as finance, healthcare, and technology.

According to the IMF, Luxembourg only has slightly more than 600,000 people which would be a small city in more populous countries. In fact, in the top 10, only the U.S. and Australia have a population of more than 10 million. Iceland relies primarily on raw materials for its exports and has a GDP per capita of $77,960. The Netherlands is a prosperous European nation that is one of the most developed countries in the world.

Remember that futures trading is hard work and requires a substantial investment of time and energy. Studying charts, reading market commentary, staying on top of the news—it can be a lot for even the most seasoned trader. Traders can speculate on a wide range of securities and commodities by trading futures. Key futures markets include stock indexes, energy, currencies, cryptocurrencies, interest rates, grains, forests, and livestock. Trading the different futures markets can be very rewarding but also very challenging.

Of course, some traders may incorporate both technical and fundamental analysis into their futures trading plan. Day trading margin is the sum of money you need to post as a deposit before you can open a futures contract best futures to trade for beginners position for day trading. Day trading margins are lower than overnight margins, giving day traders more bang for the buck. However, it applies only if you close the position before the end of each session.

Hour Market

Committing to an exit strategy in advance can help protect you from significant contrary moves. Too many traders try to use “mental stops,” picking a price in their heads for when they will close out a position and minimize their losses. But these are too easy to ignore, even for the most disciplined traders.

That’s why it’s important to prepare yourself for downturns that could come out of nowhere, as one did in 2020. You need to ride out short-term volatility to get attractive long-term returns. The easiest way to create a broad portfolio is by buying an ETF or a mutual fund.

Perks of the best futures trading platforms

The difference between your selling and buying prices determines your amount of profit. Day traders who close out their positions every day do not have to worry about losing money when the market opens in the morning. Trade our mini futures contracts for indices, commodities and bonds. They work in the same way as full-sized futures, with the same benefits.

A paramount thing to consider is your own personal schedule and trading preferences. Some markets may be open for a limited time while others remain closed. The CME Group usually finalizes the trading hours for an approaching holiday about two weeks prior. That being said, trading stocks in the middle of the day may be a great idea for new day traders. This period is calmer and more stable, so the action is slower, and the outcomes are generally more predictable.

Open an account now

If you’re considering a course taught by brokers or other professionals, check to see if they are registered and have trouble-free disciplinary histories. Before you pay for classes or training software, it’s useful to tap into free resources to learn how markets and trading really work. A strong foundation will help you evaluate your options for further education and zero in on the areas where you most need help. Do you have reasons to expect that a commodity’s price will increase soon? If so, then you would start by buying contracts for that commodity now. E-mini Nasdaq futures, E-mini Russell futures and Dow futures are some of the other markets, and each market has different features.

This formula gives us the dollar value of the average hourly range. Because your futures platform P&L may show your trade with a profit, but in fact, you still have to pay the fees and commissions to your broker and exchange. We don’t profit from markets that don’t move or that are pretty much sideways most of the time.

With daily expiries, low settlement fees, quick withdrawals, high liquidity, and tight spreads denominated in the USD, Delta Exchange provides an unmatched trading experience. Crypto options contracts are derivative instruments that let you speculate on the future performance of cryptocurrencies like Bitcoin. Delta Exchange offers an Options Chain for comparing and trading in options on BTC and ETH. With our platform, you can avail a wide array of options for trading, including call options and put options.

The tastytrade trading platform also offers the active trader interface, purpose-built for active futures traders. The tastytrade platform has capabilities that empower you to manage your open positions effectively. These include the active trader interface as well as risk management tools such as stop orders, quote alerts, and charting features like technical indicators. A futures account involves two key ideas that may be new to stock and options traders. One is “initial margin,” which is not the same as margin in stock trading.