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The World's $100tn Economy in One Graphic
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Source: Visual Capitalist
The world economy is predicted to be worth over 100 trillion dollars by the end of the year.
This graphic shows how this is spread around the globe.
We can see how the vast majority of goods and services are produced in Asia, North America and Europe.
Africa has around 1.4 billion people, making it the second largest continent by population, but it accounts for only a fraction of the world economy.
The United States continues to lead the way, and makes entire continents look tiny in comparison.
You may have also missed Russia in this diagram, which accounts for less than 2% of global GDP. And yet the war with Ukraine and subsequent economic sanctions have still had a massive impact all around the world.
Asia is the largest continent by both population and GDP, with China, Japan, and India accounting for the bulk of this.
There are plenty of economies with over a trillion dollars in GDP, including Brazil and Australia, but these seem almost insignificant because The world economy is predicted to be worth over 100 trillion dollars by the end of the year.
Check out the Shorts playlist for more videos like this!
Subscribe for more videos looking at everything to do with the subject of economics. Put suggestions for video ideas in the comments section below and any feedback offered would be greatly appreciated.
The world economy is predicted to be worth over 100 trillion dollars by the end of the year.
This graphic shows how this is spread around the globe.
We can see how the vast majority of goods and services are produced in Asia, North America and Europe.
Africa has around 1.4 billion people, making it the second largest continent by population, but it accounts for only a fraction of the world economy.
The United States continues to lead the way, and makes entire continents look tiny in comparison.
You may have also missed Russia in this diagram, which accounts for less than 2% of global GDP. And yet the war with Ukraine and subsequent economic sanctions have still had a massive impact all around the world.
Asia is the largest continent by both population and GDP, with China, Japan, and India accounting for the bulk of this.
There are plenty of economies with over a trillion dollars in GDP, including Brazil and Australia, but these seem almost insignificant because The world economy is predicted to be worth over 100 trillion dollars by the end of the year.
Check out the Shorts playlist for more videos like this!
Subscribe for more videos looking at everything to do with the subject of economics. Put suggestions for video ideas in the comments section below and any feedback offered would be greatly appreciated.
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