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Economic Trends Country GDP projections A Visualization of the $86 Trillion World Wide Economy ... According to projections, 7 of the world's 10 largest economies will be in emerging markets by 2030 - here's a visualization of the $86 Trillion worldwide economies.
Burgess COMMENTARY Peter Burgess
A Visualization of the $86 Trillion World Wide Economy ... According to projections, 7 of the world's 10 largest economies will be in emerging markets by 2030 - here's a visualization of the $86 Trillion worldwide economies. The $86 Trillion World Economy The world economy is in a never-ending state of flux. The fact is that billions of variables - both big and small - factor into any calculation of overall economic productivity, and these inputs are changing all of the time. Buying this week’s groceries or filling up your car with gas may seem like a rounding error when we are talking about trillions of dollars, but every microeconomic decision or set of preferences can add up in aggregate. And as consumer preferences, technology, trade relationships, interest rates, and currency valuations change - so does the final composition of the world’s $86 trillion economies. Country GDPs, by Size Today’s visualization comes to us from HowMuch.net, and it charts the most recent composition of the global economic landscape. It should be noted that the diagram uses nominal GDP to measure economic output, which is different than using GDP adjusted for purchasing power parity (PPP). The Top 15 Economies, by GDP The Top 15 Economies, by GDP The data in the graphic (below) and table above comes from the World Bank’s latest update, published in July 2019. The above 15 economies represent a whopping 75% of total global GDP, which added up to $85.8 trillion in 2018 according to the World Bank. Most interestingly, the gap between China and the United States is narrowing - and in nominal terms, China’s economy is now 66.4% the size. The $86 Trillion World Economy in One Chart The $86 Trillion World Economy in One Chart Sources: The World’s $86 Trillion Economy Visualized in One Chart \| The World Bank A Higher Level Look The World Bank also provides a regional breakdown of global GDP, which helps to give additional perspective: The World Bank also provides a regional breakdown of global GDP, which helps to give additional perspective The organization breaks it down by income levels, as well: The organization breaks it down by income levels, as well The low-income countries - which have a combined population of about 705 million people - add up to only 0.6% of Global Gross Domestic Products (GDP). Looking Towards the Future For more on the world economy and predictions on country GDPs on a forward-looking basis, we suggest looking at our animation on the Biggest Economies in 2030. It is worth mentioning, however, that the animation uses GDP (PPP) calculations instead of the nominal ones above. Source: Visual Capitalist The World’s Largest 10 Economies in 2030 Visual Capitalist Published on Mar 27, 2019 According to projections by a prominent multinational bank, 7 of the world's 10 largest economies will be in emerging markets by 2030. Ranking by GDP in 2030 (PPP): 1. China ($64.2 trillion) 2. India ($46.3 trillion) 3. United States ($31.0 trillion) 4. Indonesia ($10.1 trillion) 5. Turkey ($9.1 trillion) 6. Brazil ($8.6 trillion) 7. Egypt ($8.2 trillion) 8. Russia ($7.9 trillion) 9. Japan ($7.2 trillion) 10. Germany ($6.9 trillion) Source: Standard Chartered Bank ------------------------------------------------------ Related Article: Defining Industries for the Global Supply Chain Economy Defining Industries for the Global Supply Chain Economy Supply Chain Management: Beyond the (Economic) Horizon White Papers Download the eBook Managing the Complexity Paradigm This paper offers insight into managing the supply chain and product complexity by providing background into the complexity’s sources, a framework for understanding its drivers, and methods to manage it Download Now! Download the Paper Supply Chain Issues: What’s Keeping Supply Chain Managers Awake at Night? Although some of the themes presented in this paper may not be surprising, it is valuable to note that the executives interviewed, who represented more than 50 different firms, shared a common perspective about issues disrupting their businesses. Download Now! 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More Resources from Association for Supply Chain Management ASCM ASCM Resources ASCM Enterprise Certification Standards Guide The Association for Supply Chain Management, ASCM, Enterprise Certification aims to empower organizations to reach their goals, improve results and be more competitive in today’s global business world - through supply chain excellence. Download Managing the Supply Chain Complexity Paradigm 2018 Supply Chain Compensation and Career Survey Report Omni-Channel Supply Chain Management Supply Chain Complexity and Risk Management All Resources Companies As the largest nonprofit association for supply chain, we are an unbiased partner, connecting companies around the world to the newest insights on all aspects of the supply chain. 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