CURRENT AFFAIRS

Detailed explanation-1: -The United States was the world’s most valuable nation brand by a distance in 2022, with a value of 26.47 trillion U.S. dollars.

Detailed explanation-2: -Whilst retaining its rank, India stands 7th in the Brand Finance Nation Brands 2022 study and as per the report, it is the fastest growing nation in the top 10, both in terms of value and strength.

Detailed explanation-3: -The USA and China are standout leaders in the Brand Finance Nation Brands 2022 ranking, with the combined brand value of the two equal to that of the remaining 98 nation brands in the top 100. In 3rd place, Germany (up 4% to US$4.5 trillion), has overtaken Japan (down 3% to US$4.3 trillion).

Detailed explanation-4: -In 2022, Apple was the most valuable brand in the world with an estimated brand value of about 355.1 billion U.S. dollars. Amazon, which was the second leading brand in the world, had a brand value of about 254.2 billion U.S. dollars that year.