This Chart Contains a Few Hidden Surprises About the World Economy

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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 Ten Ranking (GDP in brackets)
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 U.S. economy is roughly equivalent in size to the total GDPs of #3 through #10 (that’s Japan, Germany, the UK, France, India, Italy, Brazil and Canada – combined). While that puts America comfortably ahead of everyone else (including, for the time being, the Chinese), the story is quite different if we consider continents instead of countries. On this graph, which shows the world’s 40 biggest economies individually, the Asian bloc is clearly dominant. It represents just over a third (33.84%) of global GDP, effortlessly outpacing the North American bloc, which at 27.95% hovers just …read more

Source:: Affluent