Ranked: The Top 6 Economies by Share of Global GDP (1980-2024)

Visual Capitalist

Published

38 seconds ago

on

May 14, 2024 Graphics/Design:

See this visualization first on the Voronoi app.

Top 6 Economies by Share of Global GDP (1980-2024)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Over time, the distribution of global GDP among the world’s largest economies has shifted dynamically, reflecting changes in economic policies, technological advancements, and demographic trends.

To see how this has played out in recent decades, we visualized the world’s top six economies by their share of global GDP from 1980 to 2024.

All figures were sourced from the IMF’s World Economic Outlook (April 2024 edition) and are based on using current prices.

Data and Highlights

The data we used to create this graphic can be found in the table below.

Share of Global
GDP (%)U.S.EUChinaJapanUKIndia 198025.4%28.6%2.7%10.1%5.4%1.7% 198127.8%24.7%2.5%10.8%5.1%1.7% 198229.6%24.4%2.5%10.2%4.9%1.8% 198331.3%23.2%2.6%10.9%4.6%1.9% 198433.6%21.6%2.6%11.2%4.2%1.8% 198534.6%21.3%2.5%11.4%4.3%1.9% 198631.0%24.7%2.0%14.3%4.4%1.7% 198728.5%26.3%1.9%15.2%4.8%1.6% 198827.3%25.9%2.1%16.3%5.2%1.5% 198928.0%25.0%2.3%15.4%5.0%1.5% 199026.3%27.4%1.8%14.1%5.3%1.4% 199126.0%28.0%1.7%15.4%5.3%1.1% 199225.7%28.8%1.9%15.7%5.1%1.1% 199326.3%25.6%2.4%17.4%4.4%1.1% 199426.0%25.3%2.0%17.8%4.4%1.2% 199524.5%26.5%2.3%17.8%4.3%1.2% 199625.1%26.2%2.7%15.3%4.4%1.2% 199726.8%24.1%3.0%14.0%4.9%1.3% 199828.4%25.0%3.2%12.9%5.2%1.3% 199929.2%24.0%3.3%14.0%5.1%1.4% 200030.1%21.3%3.5%14.6%4.9%1.4% 200131.3%21.8%3.9%12.9%4.9%1.4% 200231.3%23.1%4.2%12.0%5.1%1.5% 200329.2%25.3%4.2%11.5%5.2%1.5% 200427.7%25.8%4.4%11.1%5.5%1.6% 200527.2%24.9%4.8%10.1%5.3%1.7% 200626.7%24.5%5.3%8.9%5.2%1.8% 200724.7%25.2%6.1%7.8%5.3%2.1% 200823.0%25.4%7.1%8.0%4.6%1.9% 200923.8%24.3%8.4%8.7%4.0%2.2% 201022.6%21.9%9.1%8.7%3.7%2.5% 201121.1%21.3%10.1%8.4%3.6%2.5% 201221.6%19.5%11.3%8.3%3.6%2.4% 201321.8%19.7%12.4%6.7%3.6%2.4% 201422.1%19.7%13.2%6.2%3.9%2.6% 201524.4%18.0%14.8%5.9%3.9%2.8% 201624.6%18.2%14.7%6.5%3.5%3.0% 201724.1%18.2%15.1%6.1%3.3%3.3% 201824.0%18.5%16.0%5.8%3.3%3.1% 201924.6%17.9%16.4%5.8%3.3%3.2% 202025.0%18.0%17.4%5.9%3.2%3.1% 202124.3%17.9%18.3%5.2%3.2%3.3% 202225.6%16.7%17.7%4.2%3.1%3.3% 202326.1%17.5%16.9%4.0%3.2%3.4% 2024E26.3%17.3%16.9%3.8%3.2%3.6% U.S. Resilience

Starting with the U.S., we can see that America’s share of global GDP has fluctuated quite significantly over time.

After bottoming out at 21.1% in 2011, the U.S. economy grew its relative size by several percentage points, and is estimated by the IMF to make up 26.3% of global GDP in 2024.

This chart also suggests that the U.S. has managed a stronger recovery from the COVID-19 pandemic, evidenced by its rising share of global GDP since 2020. China, the EU, and Japan have seen relative declines over the same period.

China’s Incredible Rise

This

The full article is available here. This article was published at Visual Capitalist.