GDP By Country

We discussed on Monday which economies would add the most to global growth in 2019.  Today we're showing a chart that's a visualization using 2017 GDP data showing Gross Domestic Product by country and their percent of the global pie.  It also slices the pie up by region.  What's not shown here is how this compares to last year, but we've included some commentary on that.  See below from the authors of this article, Howmuch.net:

"An interesting way to understand these numbers is by comparing them to a previous visualization we did last year on the relative size of economies using the same underlying dataset from the World Bank. There are in fact a few changes to note. Looking at the top ten countries overall, India’s economy surpassed France to become the 6th biggest in the world. The UK was the only economy to shrink among the top ten, dropping from $2.86 trillion to $2.62 trillion, not adjusting for inflation. The U.S. is still the biggest both in overall terms and as a share of the global economy (24.32% last year vs. 24.40% this year). China is continuing to rise as a global economic power, accounting for 15.4% of the world’s GDP, up from 14.84%. In short and in general, the world’s heavyweight economies continue to reign supreme."

{Highlights mine}

Note as we observed on Monday the continued rise of economic growth in Asia.  For example note that India now has a larger overall economy than France.  If you head over to the article which I've linked below you'll see that three of the top six economies in the world are located now in Asia.

Back Friday.

*Since I emphasized Asia above I'll again remind you that we are long ETFs related to international and Asian markets in both client and personal accounts.  Please note that positions can change at any time without notice.

Link:  Visualize the Entire Global Economy in One Chart