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These 3 Animated Charts Capture the Economic Rise of Asia

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The economic rise of Asia has been swift, but it has also been a little reckless at times.

China’s rapid spending and investment has come at a price. The country is now saddled with a massive debt bomb that could detonate at any moment. Further, economic interests have helped to create a precarious situation in the South China Sea, which many experts see as having escalating potential for armed conflict. Such actions would disrupt trade along one of the most important sea routes in the world.

To be fair, no one ever said that executing on five-year plans would be easy.

The Economic Rise of Asia

Despite the possible economic landmines that could be waiting for China, it is still impressive how fast this all happened.

China now has the second-largest economy by a wide margin, but before the 1990s the country did not even crack the top 10.

The following three animated charts from data visualization whiz-kid Aron Strandberg help to tell the story of the rise of China – and how India is projected to follow in those same footsteps.

Top 10 Economies by Real GDP

By the year 2030, it is projected that China and India will both be in the top three economies by real GDP. Even with growth continuing to stagnate, Japan remains in fourth place.

European economies such as France, Italy, and Spain also begin to slow in their pace of growth as the European Debt Crisis, demographics, and other factors start to weigh on them in the late 2000s.

Here’s another look at the top 10, this time with a focus on the share of the global economy that each country will have. This chart really shows the effects of this aforementioned stagnation in Japan, as well as the slowing growth in Europe.

Share of Global GDP by country and the rise of Asia

Japan’s share of the world economy drops like a rock – and the same goes for countries like Italy and France, which also fall down the list.

By 2030, the United States, China, and India now make up almost 43% of the global economy.

Lastly, we show GDP per capita charted against population share:

GDP per capita of USA, China, and India

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shipping

Visualized: Seaport Trade Traffic by Country

This infographic highlights the countries with the highest container traffic across their ports, thus dominating seaport trade in 2021.

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Seaport Trade 2021 Shareable

Visualized: Seaport Trade Traffic by Country

According to the World Bank, global seaport trade traffic reached 841 million TEUs (20-foot container equivalent units) in 2021.

In this infographic, Winifred Amase uses that data to highlight the countries with the highest seaport trade traffic.

China Leads All Seaport Trade Traffic

With a third of the world’s total seaport trade traffic surrounding its many ports, it’s no surprise to see China on top of the list.

In addition to owning seven of the world’s 10 busiest ports, the country also owns close to 100 ports across 63 other countries. This brought the country’s container traffic up to 263 million TEUs in 2021.

Country20-Foot Container Count (2021)
🇨🇳 China263M
🇺🇸 United States61M
🇸🇬 Singapore37M
🇰🇷 South Korea30M
🇲🇾 Malaysia28M
🇯🇵 Japan22M
🇮🇳 India20M
🇦🇪 United Arab Emirates19M
🇻🇳 Vietnam18M
🇭🇰 Hong Kong SAR, China18M

In second place is the United States, which saw container traffic of 61 million TEUs. Massive U.S. ports in Los Angeles and New York are some of the busiest ports on the continent.

Asian countries dominated the rest of the top 10 list, taking up seven of the remaining eight spots.

Singapore came in third with 37 million 20-foot container units passing through in 2021. The port handled 599 million tonnes of freight, making it the busiest single port in total shipping tonnage.

The ports in Dubai and Abu Dhabi make the United Arab Emirates a key player in Middle Eastern trade. With a container traffic of 19 million TEUs, the UAE is seventh on the list of nations with the highest seaport traffic in 2021.

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