Published by eNewsWithoutBorders.com │Sept. 15, 2019
![The $86 Trillion World Economy in One Chart 2018](https://enewswithoutborders.wordpress.com/wp-content/uploads/2019/09/the-86-trillion-world-economy-in-one-chart-2018.jpg?w=775)
The latest estimate from the World Bank puts global GDP at roughly $86 trillion in nominal terms for 2018, up 6.9% from the previous year’s global GDP of $80.2 trillion USD. The visualization above from Howmuch.net uses data from the World Bank, released in July 2019, to visualize the entire global economy by GDP in 2018.
![Top 10 Biggest World Economies by GDP 2018 (USD)](https://enewswithoutborders.wordpress.com/wp-content/uploads/2019/09/top-10-biggest-world-economies-by-gdp-2018-usd.png?w=775)
Movers and Shakers
As per the World Bank estimates, the nominal world GDP in 2017 was approx. $80.2 trillion. In 2018, the nominal world GDP is estimated at approx. $85.8 trillion, up 6.9% from the previous year.
Based on the recent data from the World Bank, the United States has the largest economy in the world at approx. $20.49 trillion, up 5.4% from the previous year’s GDP of approx. $19.4 trillion. The second-largest economy is China’s at approx. $13.61, up 10% from the previous year’s GDP of approx. $12.2 trillion. Both combined made up for almost 40% of the total global GDP.
Japan, Germany, and the United Kingdom make up the rest of the top five countries with the largest GDPs at $4.97 trillion, $4 trillion, and $2.83 trillion (USD) respectively—and when added to the United States and China, the top five economies combined account for over 50% of the world economy.
Similarly, the top 15 economies together make up nearly 70% of the total global GDP.
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Read more at Howmuch.net.
References
Desjardins, J. (2019, September 5). The $86 Trillion World Economy in One Chart. Retrieved from https://www.visualcapitalist.com/the-86-trillion-world-economy-in-one-chart/
El-Erian, M. A. (2019, August 9). Trade war is a distracting symptom of a deeper malaise in global economy. Retrieved from https://www.marketwatch.com/story/trade-war-is-a-distracting-symptom-of-a-deeper-malaise-in-global-economy-2019-08-09
HowMuch.Net. (2019, August 15). The World’s $86 Trillion Economy Visualized in One Chart. Retrieved from https://howmuch.net/articles/the-world-economy-2018
The International Monetary Fund. (2019, April). World Economic Outlook, April 2019: Growth Slowdown, Precarious Recovery. Retrieved from https://www.imf.org/en/Publications/WEO/Issues/2019/03/28/world-economic-outlook-april-2019