Infographic: The Geography of the World's 50 Top Billionaires
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The Geography of the World’s 50 Top Billionaires

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50 Top Billionaires by Geography

The Geography of the World’s 50 Top Billionaires

The business world has undergone considerable change in the last two decades.

While some fortunes are always reliably passed on to their respective heirs and heiresses, there are also entirely new industries that rise out of nowhere to shape the landscape of global wealth.

As the wealth landscape shifts, so does its geographical distribution.

The 2019 List of Billionaires

Today’s chart uses data from the most recent edition of the Forbes Billionaires List to map the distribution of the world’s richest people, and then compare that to data from 20 years prior.

We’ll start here by looking at the most recent data from 2019:

RankNameNet Worth ($B)CitizenshipIndustry
#1Jeff Bezos131๐Ÿ‡บ๐Ÿ‡ธ USATech, eCommerce
#2Bill Gates96.5๐Ÿ‡บ๐Ÿ‡ธ USATech
#3Warren Buffett82.5๐Ÿ‡บ๐Ÿ‡ธ USAInvestments
#4Bernard Arnault76๐Ÿ‡ซ๐Ÿ‡ท FranceLuxury Goods, Cosmetics
#5Carlos Slim Helu64๐Ÿ‡ฒ๐Ÿ‡ฝ MexicoTelecommunications
#6Amancio Ortega62.7๐Ÿ‡ช๐Ÿ‡ธ SpainApparel
#7Larry Ellison62.5๐Ÿ‡บ๐Ÿ‡ธ USATech
#8Mark Zuckerberg62.3๐Ÿ‡บ๐Ÿ‡ธ USATech
#9Michael Bloomberg55.5๐Ÿ‡บ๐Ÿ‡ธ USAMedia
#10Larry Page50.8๐Ÿ‡บ๐Ÿ‡ธ USATech
#11Charles Koch50.5๐Ÿ‡บ๐Ÿ‡ธ USADiversified
#12David Koch50.5๐Ÿ‡บ๐Ÿ‡ธ USADiversified
#13Mukesh Ambani50๐Ÿ‡ฎ๐Ÿ‡ณ IndiaOil & Gas, Telecoms
#14Sergey Brin49.8๐Ÿ‡บ๐Ÿ‡ธ USATech
#15Francoise Bettencourt49.3๐Ÿ‡ซ๐Ÿ‡ท FranceCosmetics
#16Jim Walton44.6๐Ÿ‡บ๐Ÿ‡ธ USARetail
#17Alice Walton44.4๐Ÿ‡บ๐Ÿ‡ธ USARetail, Art
#18Rob Walton44.3๐Ÿ‡บ๐Ÿ‡ธ USARetail
#19Steve Ballmer41.2๐Ÿ‡บ๐Ÿ‡ธ USATech
#20Ma Huateng (Pony)38.8๐Ÿ‡จ๐Ÿ‡ณ ChinaTech
#21Jack Ma37.3๐Ÿ‡จ๐Ÿ‡ณ ChinaTech, eCommerce
#22Hui Ka Yan36.2๐Ÿ‡จ๐Ÿ‡ณ ChinaReal Estate
#23Beate Heister & Karl Albrecht Jr.36.1๐Ÿ‡ฉ๐Ÿ‡ช GermanyRetail
#24Sheldon Adelson35.1๐Ÿ‡บ๐Ÿ‡ธ USACasinos
#25Michael Dell34.3๐Ÿ‡บ๐Ÿ‡ธ USATech
#26Phil Knight33.4๐Ÿ‡บ๐Ÿ‡ธ USAApparel
#27David Thomson32.5๐Ÿ‡จ๐Ÿ‡ฆ CanadaMedia
#28Li Ka-shing31.7๐Ÿ‡จ๐Ÿ‡ณ ChinaDeveloper
#29Lee Shau Kee30.1๐Ÿ‡จ๐Ÿ‡ณ ChinaDeveloper
#30Franรงois Pinault29.7๐Ÿ‡ซ๐Ÿ‡ท FranceLuxury Goods
#31Joseph Safra25.2๐Ÿ‡ง๐Ÿ‡ท BrazilDiversified
#32Leonid Mikhelson24๐Ÿ‡ท๐Ÿ‡บ RussiaOil & Gas
#33Jacqueline Mars23.4๐Ÿ‡บ๐Ÿ‡ธ USAFood
#34John Mars23.9๐Ÿ‡บ๐Ÿ‡ธ USAFood
#35Jorge Paulo Lemann22.8๐Ÿ‡ง๐Ÿ‡ท BrazilDiversified
#36Azim Premji22.6๐Ÿ‡ฎ๐Ÿ‡ณ IndiaTech
#37Dieter Schwarz22.6๐Ÿ‡ฉ๐Ÿ‡ช GermanyRetail
#38Wang Jianlin22.6๐Ÿ‡จ๐Ÿ‡ณ ChinaReal Estate
#39Giovanni Ferrero22.4๐Ÿ‡ฎ๐Ÿ‡น ItalyFood
#40Elon Musk22.4๐Ÿ‡บ๐Ÿ‡ธ USAAutomotive, Tech
#41Tadashi Yanai22.2๐Ÿ‡ฏ๐Ÿ‡ต JapanApparel
#42Yang Huiyan22.1๐Ÿ‡จ๐Ÿ‡ณ ChinaReal Estate
#43Masayoshi Son21.6๐Ÿ‡ฏ๐Ÿ‡ต JapanBanking, Investments
#44Jim Simons21.5๐Ÿ‡บ๐Ÿ‡ธ USAInvestments
#45Vladimir Lisin21.3๐Ÿ‡ท๐Ÿ‡บ RussiaSteel, Transportation
#46Susanne Klatten21๐Ÿ‡ฉ๐Ÿ‡ช GermanyAutomotive, Pharma
#47Vagit Alekperov20.7๐Ÿ‡ท๐Ÿ‡บ RussiaOil & Gas
#48Alexey Mordashov20.5๐Ÿ‡ท๐Ÿ‡บ RussiaSteel, Investments
#49Gennady Timchenko20.1๐Ÿ‡ท๐Ÿ‡บ RussiaOil & Gas
#50Leonardo Del Vecchio19.8๐Ÿ‡ฎ๐Ÿ‡น ItalyEyewear

The most recent billionaires list features Jeff Bezos at the top with $131 billion, although it’s likely his recent divorce announcement will provide an upcoming shakeup to the Bezos Empire.

Bezos is just one of 21 Americans that find themselves in the top 50 list, which means that 42% of the world’s top billionaires hail from the United States.

Billionaire Geography Over Time

If we compare the top 50 list to that from 1999, it’s interesting to see what has changed over time in terms of geographical distribution.

Here’s the distribution of top countries on both lists, compared:

CitizenshipTop Billionaires (1999)Top Billionaires (2019)Change
๐Ÿ‡ท๐Ÿ‡บ Russia05+5
๐Ÿ‡จ๐Ÿ‡ณ China37+4
๐Ÿ‡บ๐Ÿ‡ธ United States1821+3
๐Ÿ‡ง๐Ÿ‡ท Brazil02+2
๐Ÿ‡ฎ๐Ÿ‡ณ India02+2
๐Ÿ‡ฎ๐Ÿ‡น Italy12+1
๐Ÿ‡ช๐Ÿ‡ธ Spain01+1
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico110
๐Ÿ‡จ๐Ÿ‡ฆ Canada110
๐Ÿ‡ง๐Ÿ‡ฒ Bermuda10-1
๐Ÿ‡ฏ๐Ÿ‡ต Japan32-1
๐Ÿ‡ซ๐Ÿ‡ท France53-2
๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia20-2
๐Ÿ‡น๐Ÿ‡ผ Taiwan20-2
๐Ÿ‡ธ๐Ÿ‡ช Sweden30-3
๐Ÿ‡จ๐Ÿ‡ญSwitzerland30-3
๐Ÿ‡ฉ๐Ÿ‡ช Germany73-4

In the last 20 years, Russia and China have stockpiled the most top billionaires, adding five and four to the top 50 list respectively. The United States added three, going from 18 to 21 billionaires over the timeframe.

On the other end of the spectrum, Germany, Sweden, and Switzerland have lost the most billionaires from the top 50 ranking.

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This Infographic Breaks Down Careers In Finance, From Hedge Funds to M&A

Corporate finance oversees trillions of dollars and makes modern markets and economies possible, but who are the main players?

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Careers In Corporate Finance, From Hedge Funds to M&A

Corporate finance is a key pillar on which modern markets and economies have been built. And this complex ecosystem consists of a number of important sectors, which can lead to lucrative career avenues.

From lending to investment banking, and private equity to hedge funds, the graphic above by Wall Street Prep breaks down the key finance careers and paths that people can take.

Let’s take a further look at the unique pieces of this finance ecosystem.

The Lending Business

Lending groups provide much needed capital to corporations, often in the form of term loans or revolvers. These can be part of short and long-term operations or for events less anticipated like the COVID-19 pandemic, which resulted in companies shoring up $222 billion in revolving lines of credit within the first month.

Investment Banking

Next, is investment banking, which can split into three main areas:

  1. Mergers and Acquisitions (M&A): There’s a lot of preparation and paperwork involved whenever corporations merge or make acquisitions. For that reason, this is a crucial service that investment banks provide, and its importance is reflected in the enormous fees recognized. The top five U.S. investment banks collect $10.2 billion in M&A advisory fees, representing 40% of the $25 billion in global M&A fees per year.
  2. Loan Syndications: Some $16 billion in loan syndication fees are collected annually by investment banks. Loan syndications are when multiple lenders fund one borrower, which can occur when the loan amount is too large or risky for one party to take on. The loan syndication agent is the financial institution involved that acts as the third party to oversee the transaction.
  3. Capital Markets: Capital markets are financial markets that bring buyers and sellers together to engage in transactions on assets. They split into debt capital markets (DCM) like bonds or fixed income securities and equity capital markets (ECM) (i.e. stocks). Some $41 billion is collected globally for the services associated with structuring and distributing stock and bond offerings.

The top investment banks generally all come from the U.S. and Western Europe, and includes the likes of Goldman Sachs and Credit Suisse.

Sell Side vs Buy Side

Thousands of analysts in corporate finance represent both the buy and sell-sides of the business, but what are the differences between them?

One important difference is in the groups they represent. Buy-side analysts usually work for institutions that buy securities directly, like hedge funds, while sell-side analysts represent institutions that make their money by selling or issuing securities, like investment banks.

According to Wall Street Prep, hereโ€™s how the assets of buy-side institutions compare:

Buy side institutionTotal assets
Mutual Funds, ETFs$21 trillion
Private equity$5 trillion
Hedge funds$3 trillion
Venture capital$0.5 trillion

Also, buy-side jobs appear to be more sought after across financial career forums.

Breaking Down The Buy Side

Mutual funds, ETFs, and hedge funds all generally invest in public markets.

But between them, there are still some differentiating factors. For starters, mutual funds are the largest entity, and have been around since 1924. Hedge funds didnโ€™t come to life until around 1950 and for ETFs, this stretched to the 1990s.

Furthermore, hedge funds are strict in the clients they take on, with a preference for high net worth investors, and they often engage in sophisticated investment strategies like short selling. In contrast, ETFs, and mutual funds are widely available to the public and the vast bulk of them only deploy long strategies, which are those that expect the asset to rise in value.

Private equity (PE) and venture capital (VC) are groups that invest in private companies. Venture capital is technically a form of PE but tends to invest in new startup companies while private equity goes for more stable and mature companies with predictable cash flow patterns.

Who funds the buy side? The source of capital roughly breaks down as follows:

Source of capitalCapital amount
Individuals$112 trillion
Banks$51 trillion
Pension funds$34 trillion
Insurance Companies$24 trillion
Endowments$1.4 trillion

Endowment funds are foundations that invest the assets of nonprofit institutions like hospitals or universities. The assets are typically accumulated through donations, and withdrawals are made frequently to fund various parts of operations, including critical ones like research.

The largest university endowment belongs to Harvard with some $74 billion in assets under management. However, the largest endowment fund overall belongs to Ensign Peak Advisors. They represent The Church of Jesus Christ of Latter-day Saints (LDS), with some $124 billion in assets.

Primary Market vs Secondary Market

One of the primary motivations for a company to enter the public markets is to raise capital, where a slice of the company’s ownership is sold via an allotment of shares to new investors. The actual capital itself is raised in the primary market, which represents the first and initial transaction.

The secondary market represents transactions after the first. These are considered stocks that are already issued, and shares now fluctuate based on market forces.

Tying It All Together

As the infographic above shows, corporate finance branches out far and wide, handles trillions of dollars, and plays a key part in making modern markets and economies possible.

For those exploring a career in finance, the possibilities and avenues one can take are practically endless.

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Visualizing the $94 Trillion World Economy in One Chart

Which countries and regions contribute the most to the world economy? In this infographic, we break down all $94 trillion of global GDP by country.

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World Economy

The $94 Trillion World Economy in One Chart

View the expanded version of this infographic.

Just four countriesโ€”the U.S., China, Japan, and Germanyโ€”make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. In fact, the GDP of the U.S. alone is greater than the combined GDP of 170 countries.

How do the different economies of the world compare? In this visualization we look at GDP by country in 2021, using data and estimates from the International Monetary Fund (IMF).

An Overview of GDP

GDP serves as a broad indicator for a countryโ€™s economic output. It measures the total market value of final goods and services produced in a country in a specific timeframe, such as a quarter or year. In addition, GDP also takes into consideration the output of services provided by the government, such as money spent on defense, healthcare, or education.

Generally speaking, when GDP is increasing in a country, it is a sign of greater economic activity that benefits workers and businesses (while the reverse is true for a decline).

The World Economy: Top 50 Countries

Who are the biggest contributors to the global economy? Here is the ranking of the 50 largest countries by GDP in 2021:

RankCountryGDP ($T)% of Global GDP
1๐Ÿ‡บ๐Ÿ‡ธ U.S.$22.924.4%
2๐Ÿ‡จ๐Ÿ‡ณ China$16.917.9%
3๐Ÿ‡ฏ๐Ÿ‡ต Japan$5.15.4%
4๐Ÿ‡ฉ๐Ÿ‡ช Germany$4.24.5%
5๐Ÿ‡ฌ๐Ÿ‡ง UK$3.13.3%
6๐Ÿ‡ฎ๐Ÿ‡ณ India$2.93.1%
7๐Ÿ‡ซ๐Ÿ‡ท France$2.93.1%
8๐Ÿ‡ฎ๐Ÿ‡น Italy$2.12.3%
9๐Ÿ‡จ๐Ÿ‡ฆ Canada$2.02.1%
10๐Ÿ‡ฐ๐Ÿ‡ท Korea$1.81.9%
11๐Ÿ‡ท๐Ÿ‡บ Russia$1.61.7%
12๐Ÿ‡ง๐Ÿ‡ท Brazil$1.61.7%
13๐Ÿ‡ฆ๐Ÿ‡บ Australia$1.61.7%
14๐Ÿ‡ช๐Ÿ‡ธ Spain$1.41.5%
15๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico$1.31.4%
16๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia$1.21.2%
17๐Ÿ‡ฎ๐Ÿ‡ท Iran$1.11.1%
18๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands$1.01.1%
19๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia$0.80.9%
20๐Ÿ‡จ๐Ÿ‡ญ Switzerland$0.80.9%
21๐Ÿ‡น๐Ÿ‡ท Turkey$0.80.8%
22๐Ÿ‡น๐Ÿ‡ผ Taiwan $0.80.8%
23๐Ÿ‡ต๐Ÿ‡ฑ Poland$0.70.7%
24๐Ÿ‡ธ๐Ÿ‡ช Sweden$0.60.7%
25๐Ÿ‡ง๐Ÿ‡ช Belgium$0.60.6%
26๐Ÿ‡น๐Ÿ‡ญ Thailand$0.50.6%
27๐Ÿ‡ฎ๐Ÿ‡ช Ireland$0.50.5%
28๐Ÿ‡ฆ๐Ÿ‡น Austria$0.50.5%
29๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria$0.50.5%
30๐Ÿ‡ฎ๐Ÿ‡ฑ Israel$0.50.5%
31๐Ÿ‡ฆ๐Ÿ‡ท Argentina$0.50.5%
32๐Ÿ‡ณ๐Ÿ‡ด Norway$0.40.5%
33๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa$0.40.4%
34๐Ÿ‡ฆ๐Ÿ‡ช UAE$0.40.4%
35๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark$0.40.4%
36๐Ÿ‡ช๐Ÿ‡ฌ Egypt$0.40.4%
37๐Ÿ‡ต๐Ÿ‡ญ Philippines$0.40.4%
38๐Ÿ‡ธ๐Ÿ‡ฌ Singapore$0.40.4%
39๐Ÿ‡ฒ๐Ÿ‡พ Malaysia$0.40.4%
40๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong SAR$0.40.4%
41๐Ÿ‡ป๐Ÿ‡ณ Vietnam$0.40.4%
42๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh$0.40.4%
43๐Ÿ‡จ๐Ÿ‡ฑ Chile$0.30.4%
44๐Ÿ‡จ๐Ÿ‡ด Colombia$0.30.3%
45๐Ÿ‡ซ๐Ÿ‡ฎ Finland$0.30.3%
46๐Ÿ‡ท๐Ÿ‡ด Romania$0.30.3%
47๐Ÿ‡จ๐Ÿ‡ฟ Czech Republic$0.30.3%
48๐Ÿ‡ต๐Ÿ‡น Portugal$0.30.3%
49๐Ÿ‡ต๐Ÿ‡ฐ Pakistan$0.3*0.3%
50๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand$0.20.3%

*2020 GDP (latest available) used where IMF estimates for 2021 were unavailable.

At $22.9 trillion, the U.S. GDP accounts for roughly 25% of the global economy, a share that has actually changed significantly over the last 60 years. The finance, insurance, and real estate ($4.7 trillion) industries add the most to the countryโ€™s economy, followed by professional and business services ($2.7 trillion) and government ($2.6 trillion).

Chinaโ€™s economy is second in nominal terms, hovering at near $17 trillion in GDP. It remains the largest manufacturer worldwide based on output with extensive production of steel, electronics, and robotics, among others.

The largest economy in Europe is Germany, which exports roughly 20% of the worldโ€™s motor vehicles. In 2019, overall trade equaled nearly 90% of the countryโ€™s GDP.

The World Economy: 50 Smallest Countries

On the other end of the spectrum are the world’s smallest economies by GDP, primarily developing and island nations.

With a GDP of $70 million, Tuvalu is the smallest economy in the world. Situated between Hawaii and Australia, the largest industry of this volcanic archipelago relies on territorial fishing rights.

In addition, the country earns significant revenue from its “.tv” web domain. Between 2011 and 2019, it earned $5 million annually from companiesโ€”including Amazon-owned Twitch to license the Twitch.tv domain nameโ€”equivalent to roughly 7% of the country’s GDP.

CountriesRegionGDP (B)
๐Ÿ‡น๐Ÿ‡ป TuvaluOceania$0.07
๐Ÿ‡ณ๐Ÿ‡ท NauruOceania$0.1
๐Ÿ‡ต๐Ÿ‡ผ PalauOceania$0.2
๐Ÿ‡ฐ๐Ÿ‡ฎ KiribatiOceania$0.2
๐Ÿ‡ฒ๐Ÿ‡ญ Marshall IslandsOceania$0.2
๐Ÿ‡ซ๐Ÿ‡ฒ MicronesiaOceania$0.4
๐Ÿ‡จ๐Ÿ‡ฐ Cook IslandsOceania$0.4*
๐Ÿ‡น๐Ÿ‡ด TongaOceania$0.5
๐Ÿ‡ธ๐Ÿ‡น Sรฃo Tomรฉ and PrรญncipeAfrica$0.5
๐Ÿ‡ฉ๐Ÿ‡ฒ DominicaCaribbean$0.6
๐Ÿ‡ป๐Ÿ‡จ St. Vincent and the GrenadinesCaribbean$0.8
๐Ÿ‡ผ๐Ÿ‡ธ SamoaOceania$0.8
๐Ÿ‡ฐ๐Ÿ‡ณ St. Kitts and NevisCaribbean$1.0
๐Ÿ‡ป๐Ÿ‡บ VanuatuOceania$1.0
๐Ÿ‡ฌ๐Ÿ‡ฉ GrenadaCaribbean$1.1
๐Ÿ‡ฐ๐Ÿ‡ฒ ComorosAfrica$1.3
๐Ÿ‡ธ๐Ÿ‡จ SeychellesAfrica$1.3
๐Ÿ‡ฆ๐Ÿ‡ฌ Antigua and BarbudaCaribbean$1.4
๐Ÿ‡ฌ๐Ÿ‡ผ Guinea-BissauAfrica$1.6
๐Ÿ‡ธ๐Ÿ‡ง Solomon IslandsOceania$1.7
๐Ÿ‡น๐Ÿ‡ฑ Timor-LesteAsia$1.7
๐Ÿ‡ฑ๐Ÿ‡จ St. LuciaCaribbean$1.7
๐Ÿ‡ธ๐Ÿ‡ฒ San MarinoEurope$1.7
๐Ÿ‡จ๐Ÿ‡ป Cabo VerdeAfrica$1.9
๐Ÿ‡ง๐Ÿ‡ฟ BelizeCentral America$1.9
๐Ÿ‡ฌ๐Ÿ‡ฒ GambiaAfrica$2.0
๐Ÿ‡ช๐Ÿ‡ท EritreaAfrica$2.3
๐Ÿ‡ฑ๐Ÿ‡ธ LesothoAfrica$2.5
๐Ÿ‡ง๐Ÿ‡น BhutanAsia$2.5
๐Ÿ‡จ๐Ÿ‡ซ Central African RepublicAfrica$2.6
๐Ÿ‡ธ๐Ÿ‡ท SurinameSouth America$2.8
๐Ÿ‡ฆ๐Ÿ‡ผ ArubaCaribbean$2.9
๐Ÿ‡ง๐Ÿ‡ฎ BurundiAfrica$3.2
๐Ÿ‡ฆ๐Ÿ‡ฉ AndorraEurope$3.2
๐Ÿ‡ธ๐Ÿ‡ธ South SudanAfrica$3.3
๐Ÿ‡ฑ๐Ÿ‡ท LiberiaAfrica$3.4
๐Ÿ‡ฉ๐Ÿ‡ฏ DjiboutiAfrica$3.7
๐Ÿ‡ธ๐Ÿ‡ฑ Sierra LeoneAfrica$4.4
๐Ÿ‡ธ๐Ÿ‡ฟ EswatiniAfrica$4.5
๐Ÿ‡ฒ๐Ÿ‡ป MaldivesAsia$4.6
๐Ÿ‡ซ๐Ÿ‡ฏ FijiOceania$4.6
๐Ÿ‡ง๐Ÿ‡ง BarbadosCaribbean$4.7
๐Ÿ‡ธ๐Ÿ‡ด SomaliaAfrica$5.4
๐Ÿ‡ฒ๐Ÿ‡ช MontenegroEurope$5.5
๐Ÿ‡ฑ๐Ÿ‡ฎ LiechtensteinEurope$6.8*
๐Ÿ‡ฌ๐Ÿ‡พ GuyanaSouth America$7.4
๐Ÿ‡ฒ๐Ÿ‡จ MonacoEurope$7.4*
๐Ÿ‡น๐Ÿ‡ฏ TajikistanAsia$8.1
๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyz RepublicAsia$8.2
๐Ÿ‡น๐Ÿ‡ฌ TogoAfrica$8.5

*2019 GDP (latest available) used where IMF estimates for 2021 were unavailable.

Like Tuvalu, many of the worldโ€™s smallest economies are in Oceania, including Nauru, Palau, and Kiribati. Additionally, several countries above rely on the tourism industry for over one-third of their employment.

The Fastest Growing Economies in the World in 2021

With 123% projected GDP growth, Libyaโ€™s economy is estimated to have the sharpest rise.

Oil is propelling its growth, with 1.2 million barrels being pumped in the country daily. Along with this, exports and a depressed currency are among the primary factors behind its recovery.

RankCountryRegion
2021 Real GDP Growth (Annual % Change)
1๐Ÿ‡ฑ๐Ÿ‡พ Libya Africa123.2%
2๐Ÿ‡ฌ๐Ÿ‡พ Guyana South America20.4%
3๐Ÿ‡ฒ๐Ÿ‡ด Macao Asia20.4%
4๐Ÿ‡ฒ๐Ÿ‡ป Maldives Asia18.9%
5๐Ÿ‡ฎ๐Ÿ‡ช Ireland Europe13.0%
6๐Ÿ‡ฆ๐Ÿ‡ผ Aruba Caribbean12.8%
7๐Ÿ‡ต๐Ÿ‡ฆ Panama Central America12.0%
8๐Ÿ‡จ๐Ÿ‡ฑ Chile South America11.0%
9๐Ÿ‡ต๐Ÿ‡ช PeruSouth America10.0%
10๐Ÿ‡ฉ๐Ÿ‡ด Dominican RepublicCaribbean9.5%

Irelandโ€™s economy, with a projected 13% real GDP growth, is being supported by the largest multinational corporations in the world. Facebook, TikTok, Google, Apple, and Pfizer all have their European headquarters in the country, which has a 12.5% corporate tax rateโ€”or about half the global average. But these rates are set to change soon, as Ireland joined the OECD 15% minimum corporate tax rate agreement which was finalized in October 2021.

Macao’s economy bounced back after COVID-19 restrictions began to lift, but more storm clouds are on the horizon for the Chinese district. The CCP’s anti-corruption campaign and recent arrests could signal a more strained relationship between Mainland China and the world’s largest gambling hub.

Looking Ahead at the World’s GDP

The global GDP figure of $94 trillion may seem massive to us today, but such a total might seem much more modest in the future.

In 1970, the world economy was only about $3 trillion in GDPโ€”or 30 times smaller than it is today. Over the next thirty years, the global economy is expected to more or less double again. By 2050, global GDP could total close to $180 trillion.

Correction: In earlier versions of this graphic, countries such as Vietnam and Pakistan were inadvertently not included in the visualization. They have now been added. In cases where the IMF has no data for 2021 (specifically Pakistan, Syria, Afghanistan, and Lebanon), the latest available data is used.

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