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Ranked: The Top 6 Economies by Share of Global GDP (1980-2024)

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See this visualization first on the Voronoi app.

Chart showing the top 6 economies' share of global GDP

Top 6 Economies by Share of Global GDP (1980-2024)

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.

Over time, the distribution of global GDP among the world’s largest economies has shifted dynamically, reflecting changes in economic policies, technological advancements, and demographic trends.

To see how this has played out in recent decades, we visualized the world’s top six economies by their share of global GDP from 1980 to 2024.

All figures were sourced from the IMF’s World Economic Outlook (April 2024 edition) and are based on using current prices.

Data and Highlights

The data we used to create this graphic can be found in the table below.

Share of Global
GDP (%)
U.S.EUChinaJapanUKIndia
198025.4%28.6%2.7%10.1%5.4%1.7%
198127.8%24.7%2.5%10.8%5.1%1.7%
198229.6%24.4%2.5%10.2%4.9%1.8%
198331.3%23.2%2.6%10.9%4.6%1.9%
198433.6%21.6%2.6%11.2%4.2%1.8%
198534.6%21.3%2.5%11.4%4.3%1.9%
198631.0%24.7%2.0%14.3%4.4%1.7%
198728.5%26.3%1.9%15.2%4.8%1.6%
198827.3%25.9%2.1%16.3%5.2%1.5%
198928.0%25.0%2.3%15.4%5.0%1.5%
199026.3%27.4%1.8%14.1%5.3%1.4%
199126.0%28.0%1.7%15.4%5.3%1.1%
199225.7%28.8%1.9%15.7%5.1%1.1%
199326.3%25.6%2.4%17.4%4.4%1.1%
199426.0%25.3%2.0%17.8%4.4%1.2%
199524.5%26.5%2.3%17.8%4.3%1.2%
199625.1%26.2%2.7%15.3%4.4%1.2%
199726.8%24.1%3.0%14.0%4.9%1.3%
199828.4%25.0%3.2%12.9%5.2%1.3%
199929.2%24.0%3.3%14.0%5.1%1.4%
200030.1%21.3%3.5%14.6%4.9%1.4%
200131.3%21.8%3.9%12.9%4.9%1.4%
200231.3%23.1%4.2%12.0%5.1%1.5%
200329.2%25.3%4.2%11.5%5.2%1.5%
200427.7%25.8%4.4%11.1%5.5%1.6%
200527.2%24.9%4.8%10.1%5.3%1.7%
200626.7%24.5%5.3%8.9%5.2%1.8%
200724.7%25.2%6.1%7.8%5.3%2.1%
200823.0%25.4%7.1%8.0%4.6%1.9%
200923.8%24.3%8.4%8.7%4.0%2.2%
201022.6%21.9%9.1%8.7%3.7%2.5%
201121.1%21.3%10.1%8.4%3.6%2.5%
201221.6%19.5%11.3%8.3%3.6%2.4%
201321.8%19.7%12.4%6.7%3.6%2.4%
201422.1%19.7%13.2%6.2%3.9%2.6%
201524.4%18.0%14.8%5.9%3.9%2.8%
201624.6%18.2%14.7%6.5%3.5%3.0%
201724.1%18.2%15.1%6.1%3.3%3.3%
201824.0%18.5%16.0%5.8%3.3%3.1%
201924.6%17.9%16.4%5.8%3.3%3.2%
202025.0%18.0%17.4%5.9%3.2%3.1%
202124.3%17.9%18.3%5.2%3.2%3.3%
202225.6%16.7%17.7%4.2%3.1%3.3%
202326.1%17.5%16.9%4.0%3.2%3.4%
2024E26.3%17.3%16.9%3.8%3.2%3.6%

U.S. Resilience

Starting with the U.S., we can see that America’s share of global GDP has fluctuated quite significantly over time.

After bottoming out at 21.1% in 2011, the U.S. economy grew its relative size by several percentage points, and is estimated by the IMF to make up 26.3% of global GDP in 2024.

This chart also suggests that the U.S. has managed a stronger recovery from the COVID-19 pandemic, evidenced by its rising share of global GDP since 2020. China, the EU, and Japan have seen relative declines over the same period.

China’s Incredible Rise

This chart also provides perspective on China’s period of rapid economic growth, which began in the early 2000s.

It’s interesting to note that China joined the World Trade Organization (WTO) in 2001, which facilitated China’s integration into the global economy.

Japan Falls From the #2 Spot

Japan was once the second largest country economy after the U.S., accounting for 17.8% of the global economy in 1994 and 1995. Since then, economic stagnation and an aging population have resulted in a relative decline of the country’s economic might.

See More Global Economic Insights From Visual Capitalist

If you enjoyed this post, be sure to check out Ranked: The Top Economies in the World (1980-2075), which shows how China and India could eventually surpass the U.S. as the world’s biggest economies.

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Sports

Ranked: Which NHL Team Takes Home the Most Revenue?

The Oilers are the second-highest earning team in the NHL and the Panthers are 26th. We show the top teams in the NHL by revenue in 2023.

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Visualization of NHL team revenues

Which NHL Team Takes Home the Most Revenues?

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.

This graphic shows every NHL team’s revenue from the 2022/23 season using data from Forbes, compiled by JP Morgan Asset Management.

Ranked: The Highest-Earning NHL Teams

As the final round of the Stanley Cup Playoffs wears on, two teams on different ends of the revenue spectrum face off.

Despite representing a much smaller city than the other teams at the top of the ranking, the Edmonton Oilers have the second highest revenue in the league at $281 million. The Oilers have seen the fastest revenue growth over the past five years (13%) as the team has improved.

Team2022-23 Season RevenueValuation
Toronto Maple Leafs$281M$2.8B
Edmonton Oilers$281M$1.9B
Los Angeles Kings$279M$2.0B
New York Rangers$265M$2.7B
Montreal Canadiens$265M$2.3B
New Jersey Devils$240M$1.5B
Boston Bruins$239M$1.9B
Vegas Golden Knights$233M$1.1B
Chicago Blackhawks$228M$1.9B
Philadelphia Flyers$219M$1.7B
Washington Capitals$218M$1.6B
Dallas Stars$210M$1.1B
Pittsburgh Penguins$207M$1.2B
Detroit Red Wings$199M$1.2B
Vancouver Canucks$198M$1.3B
Seattle Kraken$197M$1.2B
Tampa Bay Lightning$196M$1.3B
Minnesota Wild$185M$1.1B
St Louis Blues$184M$1.0B
New York Islanders$183M$1.6B
Calgary Flames$183M$1.1B
Colorado Avalanche$182M$1.2B
Nashville Predators$180M$1.0B
Carolina Hurricanes$177M$0.8B
Anaheim Ducks$164M$0.9B
Winnipeg Jets$162M$0.8B
Florida Panthers$161M$0.8B
Buffalo Sabres$159M$0.8B
San Jose Sharks$158M$0.9B
Columbus Blue Jackets$151M$0.8B
Ottawa Senators$128M$1.0B
Arizona Coyotes$120M$0.5B

In the 2022/23 season, the Florida Panthers pulled off a major upset in the first round of the playoffs and fought their way to the finals before losing to the Vegas Golden Knights.

Despite the success last season, the Panthers still find themselves in the bottom six in this ranking, with $161 million in revenue. The team also has the second lowest operating income in the league, after Ottawa. Florida is an emerging hockey market though, with revenue increasing 9% over the past five years.

Other Hockey Revenue Highlights

  • Along with the Oilers, the Toronto Maple Leafs sit at the top of the revenue ranking. There is a key difference though: the Maple Leafs have a higher valuation-to-revenue multiple (10x vs 6.6x).
  • Professional hockey remains attractive to advertisers. In the 2022/23 season, team-specific sponsorship revenue was 36% higher than in 2018/19.
  • The team with the lowest revenue, the Arizona Coyotes, will be moving to Utah next season.
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