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Oct 13, 2020 · The top 10 economies combined made up two-thirds of GDP, while the 42 represented on the chart made up just over 90% of the world’s GDP, and the rest of the world accounted for the remaining 9.8%. Africa is the smallest region represented, with three economies - Nigeria, South Africa and Egypt - together making up $1.1 trillion of global GDP.
Sep 10, 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. A Higher Level Look.
It also helps identify best practicesaround the world. The Global Competitive Indexforms the basis of the report. It measures performance according to 114 indicators that influence a nation’s productivity. The latest editioncovered 141 economies, accounting for over 98% of the world’s GDP.
Gross domestic product has been used to measure economic growth since 1937. But new tools are needed to measure the wellbeing of countries and their people, experts argue. GDP is based on the total value of all goods and services produced in a country.
Countries where fuel accounts for more than 90% of total exports include Algeria, Azerbaijan, Brunei Darussalam, Iraq, Kuwait, Libya, Sudan and Venezuela. Image: Bruegel. For an idea of which economies rely most heavily on oil, this chart using 2012 World Bank data shows oil revenue as a share of GDP. Saudi Arabia comes third, after Kuwait and ...
According to datafrom the World Bank (illustrated by visual capitalist), the global economy will expand by $6.5 trillion between 2017 and 2019. America’s GDP is expected to account for 17.9% of this growth. China’s, however, is predicted to account for almost double this, at 35.2%.
Oct 20, 2022 · The global population has doubled and GDP has increased in volume almost fourfold since the 1980s, but where is the strongest economic growth now? South Asia, according to the World Bank, driven by countries such as India, Vietnam, Laos and the Philippines.
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