The Important Chart About Global Economy
According to the latest data on global GDP released by the World Bank this February, the U.S. still is the world’s biggest economy – by far. As shown by this Voronoi diagram, the United States (24.3%) generates almost a quarter of global GDP and is almost 10 percentage points ahead of China (14.8%), in second place, and more than 18 percentage points ahead of Japan (4.5%) on three.
Top 10 ranking:
- 1. United States ($18.03 trillion)
- 2. China ($11 trillion)
- 3. Japan ($4.38 trillion)
- 4. Germany ($3.36 trillion)
- 5. UK ($2.86 trillion)
- 6. France ($2.42 trillion)
- 7. India ($2,09 trillion)
- 8. Italy ($1.82 trillion)
- 9. Brazil ($1.77 trillion)
- 10. Canada ($1.55 trillion)
The world’s more than 100 other countries lumped together here as ‘rest of the world’ generate just 9.4% of global GDP. These include big countries with low per-capita GDP like Pakistan or Bangladesh, and countries that are relatively rich but too small to make the Top 40, such as Chile or Luxembourg. And, of course, countries that are both poor and small, like Cuba or Yemen. By a curious accident, the ‘Rest of the World’ produces just as much GDP as constitutes the gap between the U.S. and China. That is an awesome indication of the size of America’s advantage over China.
Source: https://howmuch.net/articles/the-global-economy-by-GDP
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