The map above divides up global GDP between countries and how those national economies break down by sector.
My main observation are that:
- Wow, the American segment of that graph is big!
- While Asia may be rising but it has not yet risen. A similar observation can be made about Europe’s decline. Medium sized European countries like France, Britain and Italy still make up a sizeable share of the World Economy. Germany’s economy is almost twice the size of India’s. Indonesia has a population fifteen times larger than the Netherlands but their economies are about the same size. Hence, while things like the Eurozone crisis might seem like purely regional affairs they matter for the World as whole.
- There are 54 countries in Africa. Not one of them has an economy larger than Austria. Indeed, the entirety of Africa’s economy can be found in the small South African section and in the modest ‘rest of the world’ one.
Hat tip: Vox