The Illustration of the 80 Trillion Dollar World Economy

The world economy has been growing at a fast pace. The nominal estimate of the global GDP is around 80 Trillion in 2017 according to the World Bank. The data had also been used for diagrammatic illustration called a Voronoi diagram.

The following are the Top 10 largest economies controlling two-thirds of Global GDP.

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    Rank            Country                         GDP                    % of Global GDP

1.              United States                 $19.4 trillion                     24%
2.              China                              $12.2 trillion                    15.4%
3.              Japan                              $4.87 trillion                      1%
4.              Germany                        $3.68 trillion                      6%
5.              United Kingdom           $2.62 trillion                      3%
6.              India                               $2.60 trillion                      3%
7.              France                            $2.58 trillion                      3%
8.              Brazil                              $2.06 trillion                      6%
9.              Italy                                $1.93 trillion                      4%
10.             Canada                            $1.65 trillion                      1%

U.S. has the largest GDP equivalent to 24.4% of The world economy. Besides, China’s economy was the largest when adjusted for purchasing power parity (PPP) in 2016 while the economy is far behind the U.S. with $12.2 trillion in GDP.

The Following are some important movements among the top economies

India had the highest GDP growth rate of 8.2% in two years surpassing the GDP of France.

In spite of recent economic hurdles, Brazil has reached the 8^th position overall by passing Italy in GDP rankings.

On the journey to become the 17^th largest economy, Turkey has surpassed the Netherlands while Saudi Arabia has climbed to the 19^th spot by surpassing Switzerland.