Posted on 09/25/2020 7:55:38 AM PDT by Red Badger
The coronavirus is upending the global economy in a lot of ways. Many companies are allowing their employees to work remotely forever. Millions of Americans remain unemployed due to shutdowns and cutbacks. And the future is still very cloudy as to what shape a recovery will eventually take. Our latest visualization captures the state of the global economy on the eve of all the coronavirus disruption.
The U.S. remains by far the largest economy in the world with a GDP of $21.43T or 24.42% of the entire globe. China’s economy grew from 2018 to 2019 to $14.34, but the country is still nowhere close to catching up to the U.S. The rest of the world’s economic powerhouses have comparatively much smaller economies, including Japan ($5.08T), Germany ($3.84T) and India ($2.88T). Our visualization doesn’t take into account the size of each country’s population.
We found the data for 2019 gross domestic product figures over at the World Bank. First we divided the “pie” of the global economy into color-coded continents. Then, we sized each country according to its relative contribution to the world’s GDP, in effect creating a snapshot of the global economy on the eve of the coronavirus depression.
amazing what a tiny spec of the world’s economic GDP is allocated to ME: SA, Oman, UAE, Isreal in the whole scheme of things
no you know why they can’t accept American nationalism and why we’ve been infiltrated by global marxists who are leading an insurgency inside our ‘wire’ .
I am highly suspicious of the ChiCom data on GDP on how much of this is actually produced through goods and services vs. fabricated by the commie government.
Interesting. Would like to see a similar chart with GDP per capita
When China first joined the WTO 20 years ago, they were between Brazil and Italy. While most economies have stayed relatively static, they exploded due to favorable trade deals with the US.
Very interesting graphic !
Probably overstated, but China is not small. The evidence is in yuor local walmart. And on the back of your tech devices.
But Trump's in charge now, so you can cut China in half and allocate that space to the US.
Very interesting. Thanks for posting this.
Would this not make Israel the richest country by area? Just barely bigger than New Jersey at 10,760 sq.mi. with a GDP of 0.4 Trillion! Other possibles would be Luxembourg or Taiwan, neither shown on this chart.
Shocking to see Italy’s GDP so much larger that Russia’s. Also strange that Taiwan doesn’t even register.
My first thought...
Go to the link.
They have charts out the wazoo.
That must be one of them, somewhere!................
And for one reason: LIBERTY
“Shocking to see Italy’s GDP so much larger that Russia’s.”
Reason:
Vodka....................
I was in Luxembourg City in 1997.
We went to a McDonalds where a young, hot White blonde took my order.
I ordered my food, with my beverage being a beer.
The food was made fresh, and the hot girl brought the food to my table.
This blew my mind after living in Wilmington DE for a decade.
& CAPITALISM!...................
Amazing Israel is there without having oil.
Without oil, SA has sand.
Joe Biden, US Senator (Delaware - D) 1973-2008, any chance of cause & effect? (Grin!)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.