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Animation: Wealth vs. Population for USA, China, and India (1970 – 2030)

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China already consumes mind-boggling amounts of raw materials, contributes 30.3% of global growth, and has a new spending class of 415 million millennials that is starting to demand middle class comforts.

But, if you’re still skeptical of this new economic paradigm, today’s animation shows it all in the simplest terms possible.

With one axis, each country’s percentage share of the world population is shown. Meanwhile, the other axis shows GDP per capita, roughly equivalent to the income of each citizen in that country. Multiplied by one another, or the area of the colored rectangles below, is the relative size of a country’s GDP over time.

This particular animation shows years from 1970 and include projections out until 2030:

Animation: Wealth vs. Population for USA, China, and India (1970 - 2030)

Today, the United States, China, and India make up around 38% of global GDP.

However, by 2030 it is estimated that this group will make up closer to 43% of the total. The United States’ percentage will decline from 22% to 20% of the global share. China will continue its ascent, even if at a slower pace, to make up a greater amount. India will also be the 3rd largest global economy by 2030.

Original graphic by: @AronStrandberg

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Visualizing California’s GDP Compared to Countries

California’s GDP makes the state one of the most powerful economies in the world. This graphic compares it to the GDP of 10 select countries.

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How California's GDP exceeds ten select countries

How California's GDP exceeds ten select countries

California’s GDP Compared to Countries

Comedian Trevor Noah once said America is fifty little countries masquerading as one.

From an economic sense, this might carry some truth. When looking at the economic output of each state, especially the largest and wealthiest ones, they often compare to or even exceed the GDPs of entire nations.

To illustrate, this visual from StatsPanda looks at California’s $3.36 trillion GDP using data from The World Bank and compares it to 10 sizable country economies. Let’s take a closer look.

Sizing Up California’s GDP in 2021

California’s $3+ trillion GDP is an enormous figure in its own right, so it’s no surprise that it is larger than certain nations’ economic output.

But even when comparing with economies like Malaysia, Colombia, and Finland, all among the top 50 countries by GDP, California stands tall.

CountryGDP (2021 USD)
🇲🇾 Malaysia$372B
🇭🇰 Hong Kong$369B
🇻🇳 Vietnam$366B
🇮🇷 Iran$359B
🇵🇰 Pakistan$348B
🇨🇱 Chile$317B
🇨🇴 Colombia$314B
🇫🇮 Finland$297B
🇷🇴 Romania$284B
🇨🇿 Czechia$281B
Total$3,307B
California$3,357B

What’s more, these 10 countries are quite densely populated, with a combined population of 653 million compared to California’s 39 million total.

A Closer Look At California’s Economy

What makes California’s GDP so vast and their economy so powerful?

Relative population is a big factor, as the state is the most populous in the U.S. with roughly 12% of the country’s population calling it home. But since California’s GDP makes up over 15% of the country’s economic output, there must be something else at work.

One key driver is the technology sector. Not only does Silicon Valley generate massive amounts of technological output, this also translates directly to wealth and economic activity. Many tech markets follow winner-take-all dynamics, bringing large revenues back to the state. In addition, smaller technology companies are frequently gobbled up by larger competitors, adding wealth back into the mix through M&A.

This might partly explain why California’s GDP is actually estimated to overtake Germany’s in the coming years and become the world’s 4th largest economy.

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