Sunday, April 15, 2012

The Size of National Economies

In this post I want to show you a couple of images I have made. These images show how the sizes of different economies compare to each other. The figures (Gross Domestic Product) are taken from the IMF and  are calculated using Purchasing Power Parity (PPP) calculations. PPP adjusts international currencies so that a certain amount of money has the same purchasing power in each country, and allows for a more realistic comparison of incomes between different countries.
The first image below divides the world into six continents, and shows how much the different economies contribute to world GDP. As you can see, the northern continents of Asia, Europe and North America dominate the world economically, making up nearly 90% of total world GDP.


The second image I have splits these continents up into individual countries, with the table below showing their individual percentage contributions to total world GDP. There are no surprises to see that countries like America, China and Japan dominate this picture. It is interesting to see how some countries dominate their respective regions economically, such as Australia, Brazil, or the USA. Some countries like Brazil unexpectedly feature quite prominently in this picture, while other nations have a surprisingly small contribution to world GDP.



Country Percentage contribution to World GDP
Asia
China 14.34%
India 5.67%
Japan 5.57%
Korea, South 1.97%
Indonesia 1.42%
Iran 1.18%
Taiwan 1.12%
Saudi Arabia 0.86%
Thailand 0.79%
Pakistan 0.62%
Malaysia 0.57%
Philippines 0.50%
Hong Kong 0.45%
Singapore 0.40%
Vietnam 0.38%
Bangladesh 0.36%
Rest of Asia 2.60%
Europe
Germany 3.92%
Russia 3.01%
United Kingdom 2.86%
France 2.81%
Italy 2.32%
Spain 1.79%
Turkey 1.34%
Poland 0.97%
Netherlands 0.90%
Belgium 0.53%
Sweden 0.48%
Austria 0.45%
1
Switzerland 0.43%
2
Ukraine 0.42%
3
Greece 0.39%
4
Czech Republic 0.35%
5
Norway 0.34%
6
Romania 0.33%
7
Portugal 0.31%
8
Denmark 0.27%
9
Finland 0.25%
10
Hungary 0.25%
11
Ireland 0.23%
12
Rest of Europe 2.00%
North and Central America
United States 19.10%
Mexico 2.10%
Canada 1.76%
Rest of Nth and Ctl America 0.64%
South America
Brazil 2.93%
Argentina 0.90%
Colombia 0.59%
Venezuela 0.47%
Peru 0.38%
Chile 0.36%
Rest of South America 0.37%
Africa
South Africa 0.70%
Egypt 0.65%
Nigeria 0.53%
Algeria 0.34%
Morocco 0.21%
Rest of Africa 3.40%
Oceania
Australia 1.16%
New Zealand 0.16%
Rest of Oceania 0.08%


Any comments or questions are welcome. Thanks for reading.

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