Should we care that NZ is falling in Global GDP Ranking?

But we've gone from being in the top seven, to 36th in GDP ranking, with countries like Czech Republic, Lithuania and Slovenia surpassing us. So what does this mean in reality? Do we need to adjust our thinking on where we actually sit in the world? Dr Greg Clydesdale is an author who has written several books on this subject, including 'Waves of Prosperity'.