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The $100 Trillion Global Economy in One Chart

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Check out the latest 2023 update of the global economy in one chart.

This infographic visualizes the 100 trillion global economy by country GDP

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Visualizing the $100 Trillion Global Economy in One Chart

Check out the latest 2023 update of the global economy in one chart.

Surpassing the $100 trillion mark is a new milestone for global economic output.

We’ve covered this topic in the past when the world’s GDP was $88 trillion (2020) and then $94 trillion (2021), and now according to the latest projections, the IMF expects the global economy to reach nearly $104 trillion in nominal value by the end of 2022.

Although growth keeps trending upwards, the recovery that was expected in the post-pandemic period is looking strained. Because of recent conflicts, supply chain bottlenecks, and subsequent inflation, global economic projections are getting revised downwards.

Global annual GDP growth for 2022 was initially projected to be 4.4% as of January, but this has since been adjusted to 3.6%.

Note: This data from the IMF represents the most recent nominal projections for end of year as of April 2022.

ℹ️ Gross Domestic Product (GDP) is a broad indicator of the economic activity within a country. It measures the total value of economic output—goods and services—produced within a given time frame by both the private and public sectors.

The 50 Largest Economies in the World

The United States is still the economic leader worldwide, with a GDP of $25.3 trillion—making up nearly one quarter of the global economy. China follows close behind at $19.9 trillion. Here’s a look at the top 50 countries in terms of GDP:

Rank CountryGDP (current prices, USD)
#1🇺🇸 United States$25.3 trillion
#2🇨🇳 China$19.9 trillion
#3🇯🇵 Japan$4.9 trillion
#4🇩🇪 Germany$4.3 trillion
#5🇬🇧 United Kingdom$3.4 trillion
#6🇮🇳 India$3.3 trillion
#7🇫🇷 France$2.9 trillion
#8🇨🇦 Canada$2.2 trillion
#9🇮🇹 Italy$2.1 trillion
#10🇧🇷 Brazil$1.8 trillion
#11🇷🇺 Russia$1.8 trillion
#12🇰🇷 South Korea$1.8 trillion
#13🇦🇺 Australia$1.7 trillion
#14🇮🇷 Iran$1.7 trillion
#15🇪🇸 Spain$1.4 trillion
#16🇲🇽 Mexico$1.3 trillion
#17🇮🇩 Indonesia$1.3 trillion
#18🇸🇦 Saudi Arabia$1.0 trillion
#19🇳🇱 Netherlands$1.0 trillion
#20🇨🇭 Switzerland$842 billion
#21🇹🇼 Taiwan$841 billion
#22🇵🇱 Poland$700 billion
#23🇹🇷 Turkey$692 billion
#24🇸🇪 Sweden$621 billion
#25🇧🇪 Belgium$610 billion
#26🇦🇷 Argentina$564 billion
#27🇳🇴 Norway$542 billion
#28🇹🇭 Thailand$522 billion
#29🇮🇱 Israel$521 billion
#30🇮🇪 Ireland$516 billion
#31🇳🇬 Nigeria$511 billion
#32🇦🇪 United Arab Emirates$501 billion
#33🇦🇹 Austria$480 billion
#34🇲🇾 Malaysia$439 billion
#35🇪🇬 Egypt$436 billion
#36🇿🇦 South Africa$426 billion
#37🇸🇬 Singapore$424 billion
#38🇵🇭 Philippines$412 billion
#39🇻🇳 Vietnam$409 billion
#40🇩🇰 Denmark$399 billion
#41🇧🇩 Bangladesh$397 billion
#42🇭🇰 Hong Kong SAR$369 billion
#43🇨🇴 Colombia$351 billion
#44🇨🇱 Chile$318 billion
#45🇫🇮 Finland$298 billion
#46🇮🇶 Iraq$297 billion
#47🇨🇿 Czechia$296 billion
#48🇷🇴 Romania$287 billion
#49🇳🇿 New Zealand$257 billion
#50🇵🇹 Portugal$252 billion

The frontrunner in Europe is Germany at $4.3 trillion, with the UK coming in second place. One significant change since the last reported figures is that Brazil now cracks the top 10, having surpassed South Korea. Russia falls just outside, in 11th place, with a GDP of $1.8 trillion.

While China’s GDP growth has slowed in recent years, projections still indicate that the country will overtake the U.S. by 2030, dethroning the world’s economic leader.

One region also expected to experience growth in the near future is the Middle East and North Africa, thanks to higher oil prices—Iraq and Saudi Arabia in particular are leading this charge. Regional GDP growth in the area is expected to be around 5% in 2022.

The 50 Smallest Economies in the World

Some of the world’s smallest economies were hit particularly hard by the pandemic, and have subsequently been the most affected by the inflation and food supply shortages resulting from the war in Ukraine.

Here’s a look at the countries worldwide with the lowest GDP in 2022:

Rank CountryGDP (current prices, USD)
#191🇹🇻 Tuvalu$66 million
#190🇳🇷 Nauru$134 million
#189🇰🇮 Kiribati$216 million
#188🇵🇼 Palau$244 million
#187🇲🇭 Marshall Islands$267 million
#186🇫🇲 Micronesia$427 million
#185🇸🇹 São Tomé and Príncipe$1 billion
#184🇹🇴 Tonga$1 billion
#183🇩🇲 Dominica$1 billion
#182🇼🇸 Samoa$1 billion
#181🇻🇨 Saint Vincent and the Grenadines$1 billion
#180🇻🇺 Vanuatu$1 billion
#179🇰🇳 Saint Kitts and Nevis$1 billion
#178🇬🇩 Grenada$1 billion
#177🇰🇲 Comoros$1 billion
#176🇦🇬 Antigua and Barbuda$2 billion
#175🇬🇼 Guinea-Bissau$2 billion
#174🇸🇧 Solomon Islands$2 billion
#173🇸🇲 San Marino$2 billion
#172🇸🇨 Seychelles$2 billion
#171🇹🇱 Timor-Leste$2 billion
#170🇧🇿 Belize$2 billion
#169🇨🇻 Cabo Verde$2 billion
#168🇱🇨 Saint Lucia$2 billion
#167🇬🇲 The Gambia$2 billion
#166🇱🇸 Lesotho$3 billion
#165🇪🇷 Eritrea$3 billion
#164🇨🇫 Central African Republic$3 billion
#163🇧🇹 Bhutan$3 billion
#162🇸🇷 Suriname$3 billion
#161🇦🇼 Aruba$3 billion
#160🇦🇩 Andorra$3 billion
#159🇧🇮 Burundi$3 billion
#158🇱🇷 Liberia$4 billion
#157🇩🇯 Djibouti$4 billion
#156🇸🇱 Sierra Leone$4 billion
#155🇸🇿 Eswatini$5 billion
#154🇫🇯 Fiji$5 billion
#153🇲🇻 Maldives$6 billion
#152🇧🇧 Barbados$6 billion
#151🇸🇸 South Sudan$6 billion
#150🇲🇪 Montenegro$6 billion
#149🇹🇯 Tajikistan$8 billion
#148🇸🇴 Somalia$8 billion
#147🇹🇬 Togo$9 billion
#146🇰🇬 Kyrgyzstan$9 billion
#145🇲🇷 Mauritania$9 billion
#144🇽🇰 Kosovo$10 billion
#143🇲🇺 Mauritius$11 billion
#142🇲🇼 Malawi$12 billion

The smallest economy in the world measured in the IMF rankings is Tuvalu at $66 million. Most of the bottom 50 are considered low- to middle-income and emerging/developing countries. According to the World Bank, in developing countries, the level of per capita income in 2022 will be about 5% below the pre-pandemic trends.

Some countries are actually projected to experience negative GDP growth this year, particularly emerging and developing economies in Europe.

For example, Russia is expected to experience a GDP growth rate of -8.5% in 2022, though it still remains to be seen how the cost of war and increasingly harsh global sanctions impact the country’s economic prospects.

Inflation, Stagflation, Recession – How Bad is it?

While global economic growth has already been revised downwards, it’s possible the situation could be even more serious. Organizations like the World Bank say that risks of stagflation are rising. Stagflation, which hasn’t occurred since the 1970s, is defined as an economy that’s experiencing rising inflation combined with a stagnant economic output.

Currently, global consumer inflation is currently pegged at 7%. Daily goods are becoming increasingly difficult to purchase and interest rates are on the rise as central banks worldwide try to control the situation. As recent events in Sri Lanka demonstrate, low-income countries are particularly at risk to economic volatility.

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Which Retailers Operate in the Most Countries?

From fast-fashion giant H&M to Apple, we show the top retailers globally with the largest international presence.

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This treemap shows the top retailers operating in the most countries in 2023.

The Top Retailers Operating in the Most Countries

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Today, international expansion is a key growth strategy for the world’s top retailers as companies target untapped markets with the highest potential to drive revenue and profit streams.

While traditional retailers have sought out digital strategies as the industry evolves and consumer behaviors change, physical storefronts continue to be a dominant driver of retail sales. In 2023, brick-and-mortar sales comprised 81% of retail sales globally.

This graphic shows the top retailers operating in the most markets worldwide, based on data from the National Retail Federation.

Global Retailers With the Largest International Footprint

Here are the global retailers with the widest-reaching presence around the world in 2023:

RankingRetailerNumber of Countries of First-Party OperationHeadquarters
1H&M68🇸🇪 Sweden
2IKEA51🇳🇱 Netherlands
3Inditex45🇪🇸 Spain
4Decathlon34🇫🇷 France
5Carrefour32🇫🇷 France
6Sephora (LVMH)31🇫🇷 France
7Schwarz Group30🇩🇪 Germany
8Fast Retailing27🇯🇵 Japan
9Euronics International25🇳🇱 Netherlands
10Apple25🇺🇸 U.S.

Notably, eight of the top 10 companies with the widest market reach hail from Europe.

Fast-fashion giant H&M ranks first overall, with 4,454 stores across 68 countries last year. In 2023, the Swedish company earned $21.6 billion in revenues, with its largest markets by number of store locations being the U.S., Germany, and the UK. This year, it plans to open 100 new stores in growth markets, along with shutting down 160 stores in established locations, ultimately decreasing its global store count.

In second is IKEA, with a presence in 51 countries. Last year, the company expanded its footprint in India, launching its first store in the tech hub, Hyderabad. While the company has a broad international reach, its number of storefronts is a fraction of H&M, at 477 total stores worldwide.

Looking beyond the continent, Japan’s Fast Retailing is the top retailer in Asia, operating in 27 countries globally. As the parent company to fashion brand Uniqlo, it also stands as the seventh most valuable listed firm by market capitalization in the country.

Additionally, Apple is the sole American company to make this list, with storefronts in 25 countries. Overall, the company operates four types of retail stores: regular, AppleStore+, flagships, and flagship+. Regular stores often earn $40 million annually, while flagship+ stores typically earn more than $100 million.

By 2027, the company plans to build or remodel 53 stores globally, with the majority located in the U.S. and China.

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