How much does each country contribute to the $105 trillion world economy in 2023, and what nations are seeing their nominal GDPs shrink?
California’s GDP makes the state one of the most powerful economies in the world. This graphic compares it to the GDP of 10 select countries.
Despite ripple effects from conflict and inflation, global growth continues. According to the IMF, the global GDP will hit $104 trillion by end of year.
China has spearheaded its economy towards a global superpower, and as a result, has overtaken the U.S. as the EUs top trade partner
The last decade has witnessed an avalanche of investor capital gravitating towards private equity, along with much richer deal valuations.
After adjusting GDP for purchasing power parity (PPP), here is how the composition of the world economy breaks down by country.