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Visualizing the $94 Trillion World Economy in One Chart

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

Global GDP by Country 2021

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The $94 Trillion World Economy in One Chart

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

Just four countries—the U.S., China, Japan, and Germany—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 country’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
1🇺🇸 U.S.$22.924.4%
2🇨🇳 China$16.917.9%
3🇯🇵 Japan$5.15.4%
4🇩🇪 Germany$4.24.5%
5🇬🇧 UK$3.13.3%
6🇮🇳 India$2.93.1%
7🇫🇷 France$2.93.1%
8🇮🇹 Italy$2.12.3%
9🇨🇦 Canada$2.02.1%
10🇰🇷 Korea$1.81.9%
11🇷🇺 Russia$1.61.7%
12🇧🇷 Brazil$1.61.7%
13🇦🇺 Australia$1.61.7%
14🇪🇸 Spain$1.41.5%
15🇲🇽 Mexico$1.31.4%
16🇮🇩 Indonesia$1.21.2%
17🇮🇷 Iran$1.11.1%
18🇳🇱 Netherlands$1.01.1%
19🇸🇦 Saudi Arabia$0.80.9%
20🇨🇭 Switzerland$0.80.9%
21🇹🇷 Turkey$0.80.8%
22🇹🇼 Taiwan $0.80.8%
23🇵🇱 Poland$0.70.7%
24🇸🇪 Sweden$0.60.7%
25🇧🇪 Belgium$0.60.6%
26🇹🇭 Thailand$0.50.6%
27🇮🇪 Ireland$0.50.5%
28🇦🇹 Austria$0.50.5%
29🇳🇬 Nigeria$0.50.5%
30🇮🇱 Israel$0.50.5%
31🇦🇷 Argentina$0.50.5%
32🇳🇴 Norway$0.40.5%
33🇿🇦 South Africa$0.40.4%
34🇦🇪 UAE$0.40.4%
35🇩🇰 Denmark$0.40.4%
36🇪🇬 Egypt$0.40.4%
37🇵🇭 Philippines$0.40.4%
38🇸🇬 Singapore$0.40.4%
39🇲🇾 Malaysia$0.40.4%
40🇭🇰 Hong Kong SAR$0.40.4%
41🇻🇳 Vietnam$0.40.4%
42🇧🇩 Bangladesh$0.40.4%
43🇨🇱 Chile$0.30.4%
44🇨🇴 Colombia$0.30.3%
45🇫🇮 Finland$0.30.3%
46🇷🇴 Romania$0.30.3%
47🇨🇿 Czech Republic$0.30.3%
48🇵🇹 Portugal$0.30.3%
49🇵🇰 Pakistan$0.3*0.3%
50🇳🇿 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 country’s economy, followed by professional and business services ($2.7 trillion) and government ($2.6 trillion).

China’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 world’s motor vehicles. In 2019, overall trade equaled nearly 90% of the country’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 companies—including Amazon-owned Twitch to license the Twitch.tv domain name—equivalent to roughly 7% of the country’s GDP.

CountriesRegionGDP (B)
🇹🇻 TuvaluOceania$0.07
🇳🇷 NauruOceania$0.1
🇵🇼 PalauOceania$0.2
🇰🇮 KiribatiOceania$0.2
🇲🇭 Marshall IslandsOceania$0.2
🇫🇲 MicronesiaOceania$0.4
🇨🇰 Cook IslandsOceania$0.4*
🇹🇴 TongaOceania$0.5
🇸🇹 São Tomé and PríncipeAfrica$0.5
🇩🇲 DominicaCaribbean$0.6
🇻🇨 St. Vincent and the GrenadinesCaribbean$0.8
🇼🇸 SamoaOceania$0.8
🇰🇳 St. Kitts and NevisCaribbean$1.0
🇻🇺 VanuatuOceania$1.0
🇬🇩 GrenadaCaribbean$1.1
🇰🇲 ComorosAfrica$1.3
🇸🇨 SeychellesAfrica$1.3
🇦🇬 Antigua and BarbudaCaribbean$1.4
🇬🇼 Guinea-BissauAfrica$1.6
🇸🇧 Solomon IslandsOceania$1.7
🇹🇱 Timor-LesteAsia$1.7
🇱🇨 St. LuciaCaribbean$1.7
🇸🇲 San MarinoEurope$1.7
🇨🇻 Cabo VerdeAfrica$1.9
🇧🇿 BelizeCentral America$1.9
🇬🇲 GambiaAfrica$2.0
🇪🇷 EritreaAfrica$2.3
🇱🇸 LesothoAfrica$2.5
🇧🇹 BhutanAsia$2.5
🇨🇫 Central African RepublicAfrica$2.6
🇸🇷 SurinameSouth America$2.8
🇦🇼 ArubaCaribbean$2.9
🇧🇮 BurundiAfrica$3.2
🇦🇩 AndorraEurope$3.2
🇸🇸 South SudanAfrica$3.3
🇱🇷 LiberiaAfrica$3.4
🇩🇯 DjiboutiAfrica$3.7
🇸🇱 Sierra LeoneAfrica$4.4
🇸🇿 EswatiniAfrica$4.5
🇲🇻 MaldivesAsia$4.6
🇫🇯 FijiOceania$4.6
🇧🇧 BarbadosCaribbean$4.7
🇸🇴 SomaliaAfrica$5.4
🇲🇪 MontenegroEurope$5.5
🇱🇮 LiechtensteinEurope$6.8*
🇬🇾 GuyanaSouth America$7.4
🇲🇨 MonacoEurope$7.4*
🇹🇯 TajikistanAsia$8.1
🇰🇬 Kyrgyz RepublicAsia$8.2
🇹🇬 TogoAfrica$8.5

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

Like Tuvalu, many of the world’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, Libya’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)
1🇱🇾 Libya Africa123.2%
2🇬🇾 Guyana South America20.4%
3🇲🇴 Macao Asia20.4%
4🇲🇻 Maldives Asia18.9%
5🇮🇪 Ireland Europe13.0%
6🇦🇼 Aruba Caribbean12.8%
7🇵🇦 Panama Central America12.0%
8🇨🇱 Chile South America11.0%
9🇵🇪 PeruSouth America10.0%
10🇩🇴 Dominican RepublicCaribbean9.5%

Ireland’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 rate—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 GDP—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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The Richest People in the World in 2024

The combined wealth of the 10 richest individuals in the world amounts to $1.44 trillion.

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A list of the richest people in the world in 2024.

The Richest People in the World in 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.

The combined wealth of the 10 richest individuals in the world amounts to $1.44 trillion.

Using data from Forbes Real-Time Billionaires List, we provide a snapshot of the richest people in the world as of February 2024.

Bernard Arnault Ahead of Elon Musk

Bernard Arnault overtook Elon Musk as the richest person in 2024 due to a 21% decline in Musk’s wealth, from $245.3 billion to $194.6 billion.

The billionaire chairman and CEO of the global luxury goods company LVMH runs dozens of luxury brands such as Louis Vuitton, Sephora, and Tiffany & Co. The French businessman also has investments in businesses such as Netflix and ByteDance, the parent company of TikTok.

RankNameNet WorthSourceCountry
1Bernard Arnault & family$212.1BLVMH🇫🇷 France
2Elon Musk$194.6BTesla, SpaceX🇺🇸 United States
3Jeff Bezos$192.4BAmazon🇺🇸 United States
4Mark Zuckerberg$161.8BFacebook🇺🇸 United States
5Larry Ellison$144.0BOracle🇺🇸 United States
6Warren Buffett$128.7BBerkshire Hathaway🇺🇸 United States
7Bill Gates$123.1BMicrosoft🇺🇸 United States
8Larry Page$120.3BGoogle🇺🇸 United States
9Steve Ballmer$119.2BMicrosoft🇺🇸 United States
10Sergey Brin$115.4BGoogle🇺🇸 United States

The cumulative net worth of the top five richest individuals grew 4% in 2023, to $904.9 billion.

Among women, the richest person, L’Oréal’s Françoise Bettencourt Meyers, saw her fortune grow by $1.2 billion in 2023.

In China, Zhong Shanshan, the chairman and founder of bottled water and beverage producer Nongfu Spring, remains the country’s richest person with a net worth of $60.5 billion.

In India, the list is topped by Mukesh Ambani. The chairman of Reliance Industries, which has interests in petrochemicals, oil and gas, telecom, retail, and financial services, has a $102.1 billion fortune.

How Fortunes Have Changed

Just as in 2023, Mark Zuckerberg saw the most significant growth in his fortune among the top 10 richest individuals. The Facebook co-founder’s net worth surged by over $45 billion by February 2024 compared to November 2023, after Meta’s latest results far exceeded Wall Street’s expectations, sending its shares up.

Zuckerberg’s net worth growth of 39% moved him from 7th to 4th, overtaking Bill Gates, Warren Buffett, and Larry Ellison.

A list of the top 10 richest people in the world in 2024.

Meanwhile, Larry Ellison, Oracle’s chief technology officer and former CEO, saw his net worth retreat by $3 billion after the company reported disappointing revenue in 2023.

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