The $74 Trillion Global Economy In One Chart

Tyler Durden's picture

The latest GDP numbers from the World Bank were released earlier this month, and today’s visualization from HowMuch.net breaks them down to show the relative share of the global economy for each country.

As Visual Capitalist's Jeff Desjardins explains, the full circle, known as a Voronoi Diagram, represents the entirety of the $74 trillion global economy in nominal terms. Meanwhile, each country’s segment is sized accordingly to their percentage of global GDP output. Continents are also grouped together and sorted by color.

Courtesy of: Visual Capitalist

 

Here is the data for the Top 20 Countries in table form:

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ersatz007's picture

I thought China overtook the US a couple years ago?

philipat's picture

On a PPP basis, it did. But the US economy in nominal terms dominates the world. Which is why Trump can do just exactly as he wants with tariffs etc because ROW sytill needs access to the world's largest market. ROW will just have to suck it up...

peddling-fiction's picture

74 trillion. LMFAO. 

Shadow groups have 500T.

38BWD22's picture

 

 

Not to piss anyone off here, but Bitcoin just crossed $1200:

ounce.me   <=== shows PM prices too, my favorite everyday lil ol tool

preev.com

 

philipat's picture

Largely due to the lack of leveraged paper futures markets which can be manipulated by Central banks. If you want to buy a BTC you need cash; if you want to sell a BTC you need a BTC!!

JackT's picture

And it's all USD since most have "reinvested" their debt into the system of sickness.

Saucy-Jack's picture

Don't worry. They'll synthesize btc in no time and what's anybody going to do about it?

Will hackers crash the paper btc markets with denial of service attacks until they fold?

If not, btc will get fucked by Wall Street just like everthing else that starts out good and decent.

philipat's picture

I hope you are wrong but I fear you are right, which is why my exposure to BTC is limited. These Central Bankers are legends in their own minds and to see something like BTC which represents a "way out" for Joe Public must irritate the shit out of them. And I'm sure they are studying all sorts of possibilities to get BTC back "in line" where they think it belongs. If they can ban cash they are more than capable of banning BTC?

kochevnik's picture

BTC is just the prototype.  Bugs like unconfirmed transactions.  Dash has gone from $4 to $25 in a year, for example

limited man's picture
limited man (not verified) kochevnik Feb 24, 2017 4:56 AM

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://bit.ly/2jdTzrM

divingengineer's picture

Coming soon, Direxion BTC 3X, or some such nonsense.
You get the Idea, some asshole will create a CDO or an even more exotic "financial instrument" sooner or later.

peddling-fiction's picture

38/22

Do you still have some?

38BWD22's picture

 

 

Oh yeah...  Not a whole lot, but enough so I have "skin in the game".

 

peddling-fiction's picture

Still interested in Bolivia? 

The railway from ilo to santos through bolivia will change this region. And Paraguay.

¿Cómo te puedo ayudar?

Avísame.

38BWD22's picture

 

 

Hmm.  Let me ponder that.   I had not seen the news re a new railway.

Wikipedia has this (info from various times in 2014):

https://en.wikipedia.org/wiki/Central_Bi-Oceanic_railway

Ah, here we go re newer info.  From Nov. 2016, China wants in:

http://www.efe.com/efe/english/world/peru-ready-to-help-bolivia-with-acc...

 

Good eye there, p-f!  Gmail me sometime at my dochen addy.

 

EDIT: That road from Peru's coast over the mountains and through the jungle to Brazil seems to be moving the freight.  Imagine what a railroad could do re raw materials from Brazil (etc.) going to CHINA...

 

peddling-fiction's picture

I will. Germany and Austria and others are piling onto the bandwagon.

Will send info. Let's talk after that.

Parece un hecho 

Y me da gusto por todos.

Sí, tiene que ver con los Chinos también.

38BWD22's picture

 

 

Just in case you only have my ameru... gmail addy, that's OK too.

We'll be in Lima in May.

peddling-fiction's picture

38/22

Things are changing in our world.

We need to be flexible but also clear in our ideals.

Bolivia is a hybrid combo of entreprenuers and very basic social programs that were not existent when the right had the power. More importantly GDP has risen dramatically with Evo Morales here.

SixIsNinE's picture

hey PF - if you're down South you won't have to worry about this, but check this out about the push to move 5G rollout in USA this year, 2017 :

https://www.youtube.com/watch?v=OMxfffqyDtc   -  the person presenting 5G says that they have plans to use this 24-100GHZ in ways we can't even imagine. 

since you reference gangstalking   i think this will be of interest. 

Also, check this podcast :  http://truthfrequencyradio.com/the-kev-baker-show-70539/   Eric joins us tonight to talk about topics that has seen him become what is known as a targetted individual. Tonight we are going to learn all about the psychological operations & electronic warfare that is part of a citizen neutralisation program that has been around for decades.

We get into the history of these mind control programs going back to the Nazi’s and connecting the dots to present day. This is how the global cabal are controlling the worlds population and steering them into a satanic new world order.

We will be conducting a series of shows with Dr Karlstrom as this is far to extensive & important a topic to cram into one hour.

SixIsNinE's picture

ZH posted several articles last summer/fall that bitcoin was going up.    hope some zeros made some coin

kahplunk's picture

I chickened out when it was 100 bucks so pissed

tocointhephrase's picture

ZEROHEDGE....THE EARTH IS FLAT. GLOBAL IS A LIE!

East Indian's picture

When the zeroes and ones you create out of your computer are accepted as money, you can have $5,000,000,000,000,000,000,000,000,000,000,000,000,000,000 gazillions trillion billions. 

lucitanian's picture

"Trump can do just exactly as he wants"

Not really. With over 60 Trillion in combined public and private debt, about 322 % of GDP, and an exposure to inflated derivatives market of abt 280 T with 6 major US banks holding 90% with risks averaging 27 times their asset value, it's more like the cartoon, where Coyote is sitting on the edge of the precipice watching it crumble (rising interest rates), but not so funny.

 

I Feel a little Qeasy's picture

I can assure you that you are talking high quality BOLLOX. No-one in the rest of the world needs you theiving murdering narcisistic fuck-wits, you're kidding yourself. The worlds 'largest market' as you call it will be gone the instant you can't force other nations to pay for trade in your ass-wipe dollars. Not long now cunt. Suck that up.

GUS100CORRINA's picture

Interesting chart ... America looks to be way ahead of CHINA.

My question: How can that be?

Something does not look right.

Below is the debt picture.

https://www.google.com/imgres?imgurl=http://static4.businessinsider.com/...

AMERICA IS ALSO THE LARGEST DEBTOR NATION BY FAR AS WELL!!!

No wonder President TRUMP is so concerned about the US finances and debt. America's finances are a CLEAR and PRESENT DANGER to the survival of the republic.

 

JackT's picture

#winning is good...right? USA! USA! USA!

roddy6667's picture

See my post about the numbers.

uhland62's picture

Maybe these figures are from a good years from the US, i.e. good weapons sales and increased payments by overseas countries for the bases? 

 

roddy6667's picture

That GDP dollar buys a lot more in China, so internally, they are number one. A household income od $9400 US buys a decent middlle class life, measured by Western standards. That's the main reason I retired in China. My wife and I (two people) live an upper middle class life on $20,000 a year SS. We don't touch our savings. We have money left over to travel several times a year.

AGuy's picture

"I thought China overtook the US a couple years ago?"

Does anyone really believe that the US GDP is really $18T?, in 2008 before the meltdown it was at $14T. Its seems to good to be true, it probably isn't true!

Ed Jobb's picture

Take away their debt from that chart & see what it looks like.

philipat's picture

Take away their debt and Russia probably moves to #1. Yes, THAT Russia!!

philipat's picture

Which helps explain a lot?

kahplunk's picture

Was thinking of buying some rubles

Farqued Up's picture

It will be interesting to see the numbers in 4 years.

sekhars's picture

it should be done through PPP based. It is not a true economical picture

uhland62's picture

Even then, selling weapons for protection is economy, but then it's not. Weapons expenses are essentially non-productive outgoings. 

They are used for grandstanding and chestbeating. Within a few years they are outdated and need to be melted down but did not produce anything over their lifespan.

Of course the US looks wonderful when allies (Australia in this instance) pays a lot to them. New UK Trident orders are in the pipeline, but the necessary austerity conditions are so severe that experts expect blood in the streets within 2 years. Sure, during the year that Britain's Trident payment comes into the US, people will say 'look - No 1, aren't we fabulous'. 

ElTerco's picture

It would be interesting to add one more column -- population.

scatha's picture

This just tells us about fallacy of GDP as a tool of measuring anything that has to do remotely with the economic situation of ordinary people and moreover in all those countries GDP is concocted vastly differently in a clear goal seeking effort so their artificially produce gains (while GAAP compliant GDPs report often recession/depression) to be reported in the financial media and to lie to the investors. But it tells you one thing namely reveals fallacy of benefits of  global trade and free markets as a driver or growth.In fact global trade collapses, markets close and mercantilism, protectionism thrives.

Try to buy new Japanese car in S. Korea or vice versa. Good luck. World shrinks as we I write.

An interesting take on such fallacy of globalization can be found here:

https://contrarianopinion.wordpress.com/economy-update/

whatamaroon's picture

Damn, and to think the US is 70% white people.

HRClinton's picture

Belarus is 99.9% White. 

What was your point again?

Orc from Mordor's picture

I don't know why you tend to make these insinuations, but let me tell you (since I live much closer to them than you) that Belarus has been doing a very good job with the resourses it has. You must understand that they have no gas, no oil and very few minerals of any kind (I can't remember anything but potassium). They don't even have a single mile of seashore! And, nevertheless, they are not just an agricultural banana republic as they could've become after the USSR collapsed, they are a normal country with developed industry. Yes, they have it hard nowadays, but look at the Ukraine which has much more resourses and see the difference. The Ukraine is a damn shithole, and it was an shithole even before 2014. Belarus is still quite normal, though not rich.

EternalAnusocracy's picture

Moldova is 100% white.  It's a total shit-hole.  What is your point?

Orc from Mordor's picture

Wrong. Moldova is 100% gipsies. And yes, it's a total shit-hole. So, what was your point?

HRClinton's picture

Russia's GDP is less than that of Italy or Canada. And same as Australia's. 

No wonder the US wants a new arms race with Russia, and have Europe impose economic sanctions:

To bankrupt them. Again.

Psst. Don't tell the Russians. 

philipat's picture

The Pentagon cannot account for 7 TRILLION of "defence spending" and in any case, who does the US need defending from?

The fact is the US MIC is so riddled with corruption that very little of the spending is productive. Look at the latest generations of Chinese and Russina jet fighers and ICBM's and compare them with the US equivalents. The F-35 would be a good place to start. So the evidence suggests that the 'competition" is more effectively spending "defence" dollars and getting better outcomes.

So, just sayin that I would be careful before putting money on your proposition? But then, what would a cunt like you know about anything which didn't involve a personal payoff?