https://www.visualcapitalist.com/80-trillion-world-economy-one-chart/
How diverse is our global economy? Neeve
T
he year 2020 brought the total value of the global economy to $88 trillion dollars. Of course, with 2020 being the year that it was, this value was significantly lower than in 2019. The Covid-19 pandemic has had a more significant impact on economic activity in the first half of 2020, more
than anticipated, and the recovery is projected to be more gradual than previously forecast. In 2019 the total value of the global economy stood at $142 trillion dollars, which is more reflective of previous years. However, when examining which countries contribute the most to the economy and why, there are a number of factors we can examine.
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It is clear from Figure 1 (2019), that the USA dominates the global economy accounting for a ¼ of the total value. A more prominent pattern however, is the contribution of emerging economies, China and India have seen staggering economic growth supporting the World Bank projections forecasted for the global economy. Other
