World economy in one chart
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At USD 22.9tn, the US GDP accounts for roughly 25% of the global economy, a share that has actually changed significantly over the last 60 years. The finance, insurance, and real estate (USD 4.7tn) industries add the most to the country’s economy, followed by professional and business services (USD 2.7tn) and government (USD 2.6tn).
China’s economy is second in nominal terms, hovering at near USD 17tn in GDP. It remains the largest manufacturer worldwide based on output with extensive production of steel, electronics, and robotics, among others.
The largest economy in Europe is Germany, which exports roughly 20% of the world’s motor vehicles. In 2019, overall trade equaled nearly 90% of the country’s GDP.
Source: visualcapitalist.com
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