Sunday, January 16, 2022

How do the different economies of the world compare? In this visualization we look at GDP by country in 2021, using data and estimates from the International Monetary Fund.An Overview of GDP. GDP serves as a broad indicator for a country's economic output.



China's economy is second in nominal terms, hovering at near $17 trillion in GDP. It remains the largest manufacturer worldwide based on output with extensive production of steel, electronics, and robotics, among others.

With a GDP of $70 million, Tuvalu is the smallest economy in the world.

With 123% projected GDP growth, Libya's economy is estimated to have the sharpest rise.

Ireland's economy, with a projected 13% real GDP growth, is being supported by the largest multinational corporations in the world.

Looking Ahead at the World's GDP. The global GDP figure of $94 trillion may seem massive to us today, but such a total might seem much more modest in the future.

In 1970, the world economy was only about $3 trillion in GDP-or 30 times smaller than it is today.

https://www.zerohedge.com/economics/visualizing-94-trillion-world-economy-one-chart 

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