Image default
Greek News

The World’s Biggest Economies Over Time (infographic)

According to data from the World Bank and IMF, Asian countries are expected to make up most of the top 5 countries in the world by size of GDP in 2024, relegating European economic powerhouses to lower ranks.

China’s economic growth has been steep since the 1990s, while India and Indonesia have even more recently entered the top 10 of the biggest economies in the world and are expected to reach ranks 3 and 5 by 2024. Japan, an established economy, is expected to cling on to rank 4 in 2024, while Russia will rise to rank 6.

also read 

The Biggest Economies in the World (infographic)

The Tax Havens Attracting the Most Foreign Profits (infographic)

Asia’s burgeoning middle class is one of the reasons for the continental shift in GDP. While China has been -erchild of market growth in the 21st century so far, the country is expected to tackle an ageing population further down the line, which will put a damper on consumption. Indonesia, together with the Philippines and Malaysia, are expected to grow their labor forces significantly in the years to come, contributing to a rise in average disposable incomes, according to the World Economic Forum.

Asian multinationals, like China’s Huawei and India’s Tata, have already emerged in this century and more are expected to appear on the global scene. But rapid growth in Asia also comes with its own set of problems, like a quickly growing divide between rural and urban incomes, environmental degradation and new challenges for governance and institutions, according to the FAO.

source statista

Infographic: Continental Shift: The World’s Biggest Economies Over Time | Statista

You will find more infographics at Statista

Σχετικα αρθρα

Elon Musk makes more profit from bitcoin than Tesla sales

admin

Electric Cars Boost Metal Demand (infographic)

admin

Athens accounts for almost 50% of economic activity in Greece, the second in the world, OECD reports

admin

Financial Times: EU fund gives “Greece 2.0” chance to reset economic model

admin

Minimum wages globally – Where is Greece (infographic)

admin

Greeks in Foreign Cockpits

admin

Greek shipowner Ioannis Angelicoussis passes away at 73

admin

China First Major Economy to Issue Digital Currency (infographic)

admin

LG Drops Out of the Smartphone Race (infographic)

admin

The Most Innovative Economies in the World (infographic)

admin

Bitcoin surges above $60,000 as Coinbase stock market float receives green light from US regulators

admin

Which is the top seling car in Europe?

admin