The Share of GDP by Country Across the Globe (1970-2024)
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- Опубликовано: 11 сен 2024
- The video shows the timelapse of GDP share across the world from 1970 to 2024 (projections by IMF). Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.
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Source:
World Bank & IMF
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For its size Japan having 18 % GDP of world in its peak is the most impressive thing here
very sad for now
Japan in 1995 had huge bubble ever in human history.
R J T Its from over borrowing. Thats why theyre the most indebted country in the world today (by debt-to-GDP ratio).
indeed, Japans population is around 3 time less than the EU as of now, if we assume GDP became three time more they would have had around 54% of the pipe.
@@yerri5567 around 300% of it's GDP last time i checked.
I'm surprised how much of a proportion Japan's GDP took in the beginning.
Japan's GDP will continue to shrink as YEN devalue very fast.
before ww2 Japan was already a empire with good education, its just recovering from ww2 .
Japan had stagflation resulted from the trade war launched by the US against Japan in the 80s.
You know whats happening to China now with sanctions and Chinese companies being banned? Thats what happened to Japan companies like Toshiba and Sony
In 1979 jaoanese dgp was bigger than us
@@youngz13o It seems like China is following the foot step of Japanese?
it's pretty remarkable how the USA managed to keep a 25% share of the global gdp for almost the whole timelapse.
When Blinken says China is disrupting the “rules based order” thats what he really means. Hes talking about US hegemony
it’s inflated, you should look at ppp 🙂
@@vitocorleone5080 China PPP 30% Usa 25%
@@vitocorleone5080 The USA PPP is the exact same. We would just be in second place which makes sense cause most Chinese products are cheaper while they literally have a population 4 times larger than ours
Lol when you have the largest army in the world it's not hard
2 countries are almost 50% of the world's GDP. We're already living in a G-2 world.
@Ramesh Nagmoti Although China implemented reform and opening up in 1979, there has been political turmoil in the country since then, so you can see that the economy has declined for more than a decade after 1979, and it did not stabilize until the 1990s. increase
@Ramesh Nagmoti Ask the little girl raped by indianssss if democracy is good for her.
@Ramesh Nagmoti we still have democracy sadly. With no improvements i don't think this graph will change.
@Ramesh Nagmoti It's better to protect freedom because once it's lost, it's impossible to get back without violence.
@Ramesh Nagmoti Semiautocracy or any other form of autocracy creates a ruling minority class that controls the state in all aspects, even judicial. Democracy is far from perfect but at least you can protest and choose other governments without being jailed/killed by the (semi)autocrats. Look at Russia for example. On the other hand, Japan is way more complex than being labeled as "semiautocracy" because people there have options to vote, yet the culture is completely different than what others would assume, I suppose you already know that.
Europeans a century ago never would've thought that in 100 years single countries would be more powerful than their whole continent
thats EU not Europe.
Not every country in Europe is in EU
He still has a point tho.
But we, Europe, are tiny.
We still stand strong and united.
Things do change, But I think Europe already has a big legacy. We can say that these tiny countries are much older and still superior in many ways, when compared to younger nations. We did a lot with what we had. Things do change, But Europe it's still the best continent to live 💪🙏✌
@@LiveYourLifeWithJoy Europeans still holding on to their sense of superiority in these days, ok lol
China's global GDP share is still below its historical average.
The interesting fact is that China and India have the similar quantities of population and had the similar amount of GDP at the start point, but the gap has been widened so much. Can any economist tell the reason?
In a nutshell, China started economic reform around 10 years before India.
@@pathfinder6997 Stop lying. India's independence year 1947, China's independence year 1949. India had a head start, free from foreign intervention. What you do with your own time/freedom and destiny after independence is your own choice eg. economic reform.
@@THELASTWORKINGTOILETOFINDIA China started economic liberalisation in 1979 while India started it in 1991 but by then most countries had already invested in the Chinese market of cheap labour.Also due to India's red tape bureaucracy it has been difficult for investment in labour markets.
@@redrune9275 What do you not understand by my previous statement? India had a head start from foreign intervention. What you do with your time as to when you decide to start your economic reforms is your own choice and nothing else. Do not look for excuses, because it's the path you have picked. I don't even know if your data is reliable lol. Besides, even if India started at the same time as China, their % GDP share would be hard stuck at 3%, take a look at the pie chart.
@@THELASTWORKINGTOILETOFINDIA just like china wasted 30yr from 1949 to 1979, india wasted 44yrs from 1947 to 1991.
That's why India's GDP is today what china was 14yrs ago.
Man are you guys really stupid.
As a Singaporean Chinese, I am very happy that my ancestor country continues to prosper.
Per capita?🤡
@@jacktam7673 China needs to go step by step, catch up with the total amount first, and then per capita. Besides, China's per capita income is not particularly low.18% of the population contributes 20% of the value. Yes, I admit that China is not a developed country because of per capita, but you can't say that China is a poor country.
@@jacktam7673 Per capital 6 times India
@@hahaha6553 If they expect foreigners to pump investment to their country forever.
@@GiangLe-gr9rj India is poor. China is "okay" but not rich either
how china reached from 2% to 20% seems impressive
It is super impressive
No it’s not impressive. They finally got some common sense and embraced a free market economy as well as capitalism and investment from US companies. They were communists before. CH1NA got rich simply because it opened itself up to be used as cheap labor by US and EU companies. The West made CH1NA rich and shared with them all our technologies. And now they try to overthrow us. How ungrateful and sneaky they are. They think the C-C-P made them rich lmao 🤣. The C-C-P killed 100 million people in CH1NA since their foundation in 1949.
Had to write CH1NA and C-C-P due to RUclips censoring Americans on behalf of the C-C-P
The American government kills 100 million Americans everyday.
@@Arya01201
of course
does the comment you replied to even mention mao zedong?
@@angkhangnguyen5017 bruh I am telling how mao zedong revolutionised industrial sector
What's the need of that revolution when u ended up killing that much people , so that's how communist government works ?
Japan was ridiculously rich in the 80s and 90s!
(80𝙨)Japan: Yay! I'm going to be the boss of world's economy
US: 𝙒𝙖𝙣𝙣𝙖 𝙨𝙞𝙜𝙣 𝙖 𝙙𝙚𝙖𝙡 𝙠𝙞𝙙?
Good one i wish more would understand the impact of the plaza deal
@@benotinsmuller6789 its impacts are exaggerated
@@jogo798 u mean doubling the value of the yen in ratio to dollar within 3 years causing the biggest realestate bubble of human history and destroying japans further economic growth?
@@benotinsmuller6789 not so clear different people are saying different things
2021 Usa : im the only one here on top...so boring
China Whisper to the ears : " me too "
Every timeline video:A
China after 2000: and here...we...go!
I would say it’s because of infrastructure and more importantly education. In East Asian countries like China, Japan, Korea, Taiwan and others, people believes education can change life. Clearly China is not on the top list of education but to some extent the students’ general knowledge on math and science is one of the best in the world, so is India. Then if you just talk about being an engineer or a technician, Chinese must be on the top list. I think that’s why the GDP per capita in China can grow so fast to about 10k US dollars. As a result, the nation’s GDP can exceed EU. But the challenge is what’s next. I won’t be too optimistic on the continuous growth. My guess is the GDP will grow but will grow much slower, like a developed country, though China is currently at the border between a developing and developed country. I don’t think a general Chinese’s living qualify can reach the standard of that in other developed countries very soon.
@@juewang64 China focus on Maths and Science because the government invested on infrastructure, health and innovation.
Take a look on the parliament members of the country, they majored mainly in economics, agronomy, engineering.
Compared the US, most of them are Lawyers.
@@clairde that's probably a good thing as lawyers are only good for avoiding the law, not making laws that help the people.
@@clairde what the point, they all have to follow order from an idiot dictator.
because China join in the WTO in 2001
China started industrialization in 1953 and marketization in 1978. The United States, Europe and Japan were more than a hundred years ahead of China on the road to industrialization. Of course, if we look at the history of several thousand years, China was only about a hundred years behind. However, we still need to be more humble and diligent in the process of recovery.
However the period between 1978-1992 was a bumpy one to say the least. Lots of internal political struggles and debates regarding capitalism. Vague laws and regulations meant that factors of production weren't able to fully utilised and overall productivity was still very low. In addition, after the foiled 1989 colour revolution China was basically cut off from the international market as the whole West put on harsh sanctions on China. Pace of economic reforms really only picked up when Deng gave the famous Southern Tour speech in early 1992 in the aftermath of the Soviet Union collapse. It's nothing short of a miracle what China went through in the past 30 years.
@@yohohoho-yohohoho 實際發展用了30年時間
華人真是吃苦耐勞，來之不易哦
1949共產黨建國，從鴉片戰爭到抗日到國共內戰，滿目瘡痍，一片廢墟，說句不好聽的，印度基礎比中國還好
後來很不幸搞了大躍進，文革，經濟政治科技倒退，1978年三中全會說是改革，一部分人不願意，還在搞政治鬥爭，搞到1989年來個學生運動，西方封鎖中國。1992年鄧小平南巡，確定改革路線，試水溫，什麼黑貓白貓論，價格雙軌製，2001年為了加入世貿，內部鬧哄哄，很多人不敢加入世貿組織，從2004年開始，經濟騰飛，目前也有問題，主要是內部需要改革，只要政治穩定，別再折騰，願意改革，中國前途還是光明的
@@user-kq5pj9py9c 你说的不对 加入WTO跟内部闹哄哄 很多人不敢加入没关系..
01年中国加入WTO后朱镕基说 “历经15年 从黑发人谈到了白发人” 其中最大的障碍就是美国一直要求中国以“发达国家”身份进入WTO..当时美国产品产业链完整度比现在高的多。6000多个产品 跟中国代表一个一个谈.. 只是保护自己本国市场利益 怕中国抢走蛋糕而已...
China will never surpass the US. The gap is once again growing between china and the US. In 2023 China’s economy is only 64% the size of the US. It was 75% in 2021.
China is headed to the same situation as Japan. Declining population, Stagnation and deflation
@@tylerclayton6081 You should notify the US government of this matter as soon as possible. They don't seem as optimistic as you🤣
Chinese GDP per capita reached World Bank’s definition of high income economy last year, partially due to weakened US dollars since those economic date are presented in US dollars converted from Chinese Yuan.
12k5 per capital by the end of 2021.. it will be 14k usd for this year...
USdollar is gaining strength again since Fed announced the raising rate a month ago! Strength and weakness of currencies is fluctuating every day and minute. It is not a reliable tool to measure.
No, no es altos, es mediano
@@Cuocsongphonui
Latest from IMF 2022 - China GDP per capita is $14,096. China has reached high income economy.
@@bldomain I know.. not bad for country with over 1,4 bilion people.. Only Usa Jpan and China .. are countries with population over 100 milion people. have gdp per capital obove .. the would's Gdp per capital average. ( 12k5 usd / per year )..
It was really disturbing to see japan has 4.82% gdp share having population about 100 million
Where the whole africa has has a gdp share of only 2.06% having a population about 1500 million
That says alot about culture and their society in Japan.
Hmmm, just think about how hard Africans work vs. how hard Japanese work plus the level of education in those two places.
It's due to industrialisation, Colonialism and debt trapping
Japan industrialised much before Africa, allowing it to create a colonial empire and steal wealth from other countries. At this time Africa was not developing because most of it was used as a colonies for the Europeans, who stole all of its resources and didn't develop the country
Nowdays the west uses unequal exchange and debt trapping to keep Africa poor
What is the average IQ in Japan and Africa?
Germany 🇩🇪🔥 population only 75 million GDP 4.5 trillion USD
Japan 🇯🇵 population 126 million GDP 4.1 trillion USD
A lot of work improvement needed in this 2 decade... India's contribution is just 3% which is very bad considering its population, on the other hand good as compared to previous years but not at all satisfactory. We can do a lot better and we will for sure😃❤❤. But for now congratulations to other nations specially China for there achievement in global gdp contribution in world
Are you sure we will do a lot better. Until this useless democracy exits i don't think anything will happen. These graphs are just so humiliating bro.
@@descendedofrigvedicclans2216 we'll need to wait for a looooooong time.
still better than the entirety of Africa so that's something. you've got some overpopulation over there in India but that's a problem that will deal with itself one way or another.
@@eVill420 even Kenya now has same gdp per capita as india. Nigeria is even higher. So we are even worse than Africa now. Great.
In India we talk about religion and everything, but not about income and GDP.
So I am very skeptical. Hope so I am wrong and India goes for bigger share.
its amazing how insanely rich Japan was in the 80s.....especially when her population is only 1/3rd of america but her gdp is nearly 60% of USA.
At that time Japan was 60% of US population, but the US continued to add over 100 million meanwhile Japans population stopped growing...
Japan is still rich, what you see is the rest of the world catching up
@@seanthe100 By the mid 90s, when Japan reached 18% of nominal global gdp their population was less than half that of the US.
@@TheDalitis8 clearly the OP said the 80s in 1980 the US had 220 million
@@seanthe100 Japanese nominal gdp reached its relative peak in the decade between 1986 and 1996. During this period its population was half or less than half of the US population.
i am chinese. someone said we should overthrown the government for democracy and freedom, but i dont think so. If your income was doubled every 10 years, you wont think about anything else but work hard.
less than 10years.
I don't like china.
Please think China used Shorttrack cheat.
The sad part is the Western nations really have no idea how 70% of the world lives. They always talk about human rights issues when talking about China like 1.4 billion Chinese should have the same rights and freedom as people here in the US. Its completely ideological and unrealistic, they have no idea what a poor nation faces but thats what the Western media pumps into their head day after day about China being some dystopia. When I went to China starting un 2017, i realized it was nothing like the media made it out to be
I think that’s because of the people in major cities like Shanghai were people are without food/water and aren’t allowed out of their houses. I don’t know how many other countries actually did that. We just had a don’t do necessary stuff unless you have to.
Idk this comment seems forced
I'm surprised to see that even have way smaller population than Latin America, China, India, Arab World, United States and EU Japan has managed to be the 2nd largest economy Untill 2007 when it was surpassed by China
Respect for Japan
Yes
But now Japan is on a free fall. Its future is doomed
In 2009
It can also be called US aid.
@@Emersonunes where?
China: This isn't even my final form.
是的，世界财富分配很不均匀，我们来终结这种不公平
Imagine a fully developed China. 🤯
@QuantumMeme I don't think so. Without CCP I don't think they could achieve what they achieved today. Can't deny their contribution on CN development tho.
@@aredtomato8957 对，你说的对
Japan was crippled by Plaza treaty in 1990s which was lead by the US,
Everyone should respect Chinese devlopment 🇨🇳 ❤️🇮🇳
谢谢～😄
@@user-by5no5zz2n excuse me??
@@sudhirghosh_ I mean thank you .😄
still in GDP per capita china is 4 times less than EU and 6 times less than USA nations
@@subhashishbagchi2569
চীনের জনসংখ্যা 144 কোটি
আমেরিকা যুক্তরাষ্ট্রের জনসংখ্যা 33 কোটি
Japan😢
a big problem is the younger cant see Hope . their time is frozen for 30 years.
日本はもともと経済はもっと良いが、欧米人にチャンスを奪われた
Same with Germany. Our economies have halted and haven't grown in the same way we did during the cold war and the years right before ww1.
Well I hope both Japan and Germany see another great rise in their economies soon, it is depressing seeing the current small and slow growth.
Now South Korea has higher GDP per capita then Japan
The Exponential rise of China always amaze me 😘🙂🙂 while we Choosen Democracy,. But rapid development like China and democracy can't go hand in hand 😢😢
Democracy > GDP, Jai Hind!!!!
@@BSPBuilder never! there is no meaning of freedom when you are poor
@@devraajbanerjee1981 Get lost, you CCP Wumao
@@flyveto457 this is an exception tho most of the time people in shanghai are doing great
@@flyveto457 well if it makes and keeps society productive I don't see how that's a bad thing. Rather have a society of overworked people than no people working and living in poverty
So sad to see whole of Africa a big continent has just around 2% of global economy though being rich in most of world's resources.
yall need nukes so that USA and other EU countries won't mess with your countries and try to steal your natural resources. Example, Libya was once the richest country in Africa but when Ghadaffi suggested a new currency for Africa countries US assassinated him and destroyed it called it "democracy"
Africa and India have 5.3% of world gdp but with >35% population
our world has never been fair
India used the richest civilization for majority of recorded history before the british bandits looted it
They are useless
brown and black
@@THELASTWORKINGTOILETOFINDIA Shutup racist
India will soon catchup with China.
Don't forget that both Africa & India were destroyed by you people only😡
If you read about medievel era history, you will know that India, Libya, Mali, Egypt were biggest GDP's of the world for many centuries.
But after 1600's it all burned down to ashes.
Reasons why India is much behind China👇
1) China started giving headstart to capitalism policies & bussiness boost around 1978, while India started it around 1992. (14 years late)
2) China shifted its focus from agriculture sector to manufacturing sector. While India directly jumped to service sector (while service sector is impressive & attractive as it gives more salary than manufacturing, but services don't actually make more tangible value unless all of them ear foreign exchange)
3) China's biggest earning sector is their manufacturing exports, while India has only *IT* & *pharmaceuticals* sectors earn foreign money, all other service sectors only circulate money round-and-round making no value.
4) China first focussed on income equality, equal education for all & equal medical facilities. So when income gap became smaller. Then after economic boom, more and more people were financially similar.
5) Indian politician focussed on freebie system to attract votes. So, poor people were getting free food & water. So they became more lazy & less competitive. When current govt stopped freebie system, most of poor people have no idea how to move forward now. Previous govt never taught them to earn money, they just taught them to ask for free things.
6) Chinese govt doesn't bother about votes. Indian politicians focus on policies which will gain them another win in elections. So decision defer accordingly.
I like how Japan go from almost 20% to less than 5% and still dropping
Per capita 🤡
Why do you like that?
@@jacktam7673 Macao China per capital 120k usd 3,5 times Japan
@@jacktam7673 殖人你好
Baka, dattebayo!
Sadly for Japan it's allies and friends, the USA along with the EU, contained Japans development during the mid 1980s. Japan never recovered, Japan has been in a slow decline.
How exactly did the US and EU contain Japan's development in the economic boom of the 80s? Japanese economic boom that is.
That's a myth, Japan did not go down because of the plaza accords, in fact after signing it, Japan went through an economic boom. Plus, that doesn't even make sense because the US would want it's vassal state to prosper.
@@prachurgupta9719, nope there was lots of anti Japanese sentiments, they didn't like the way Japan was selling its cars, motor bikes, electronics to the USA. The USA domestic car, motor cycle and other industries could not compete. Being a vassal state means not getting to economically strong to compete against its master.
@@peterip8001 So the fact that Japan was the fastest aging country, and still is the 3rd fastest aging country, and the fact that it's now the oldest country in the world had nothing to do with the fall of Japan?
@@prachurgupta9719 Sadly for Japan it's declining, and not going to reclaim its dominance. We have China and its Indians turn to have its boon if India plays its cards right. The USA is not a reliable partner, they only use you for their own interest. No matter if your a friend of the USA.
INDIA AND CHINA BE GANGSTA WHEN THE "HISTORICAL" GLOBAL GDP SHARE PIE CHART COMES OUT.
US can do anything to stay in power
And we still lost it all. That makes us more pathetic. Stop commenting about long gone days and increase the gdp bruh
Fun fact: the GDP per capita gap between China and India (5.8x) is larger than the gap between US and China(5.5x).
kkk
Not exactly.
Check the facts kiddo.
Per capita gdp in US dollar: China $12.5k. US $69.3k. India $2.2k.
@@helloterran I hear Indian said India's per capital 70k.. but I think 70k in ruppe not in Usd lmao
今の日本人の若者
「過去に戻って1980年代に就職できたらなあ。」
中国正好相反。在1980年代，中国工人的月收入还不到日本的1%
バブル弾けて大量リストラの犠牲者になって首括るっていう王道ルートに入るで
I am really shocked when a westerm man say this, india is poor country.
From the 1st century AD to the start of British colonisation in India in the 17th century, India's GDP was between about 25 and 35% of the world's total GDP, which dropped to 2% by Independence of India in 1947. India growth rate in British Raj is just 0.001 % and now they say India is poor country.
Well done 👍
Mainland China 2022 GDP almost 20 trilion us Dolar in Gdp
Bruh!
USA population:300M(24T)
China population:1.4B(18T
Japan population:120M(6T)
Germany:80M(4T)
UK:67M(3T)
INDIA:1.4B(3T)🙂
Japan 5 tri
As a young Japanese, Japan is a small island country, but I think it is amazing that it has developed so rapidly. Moreover, it is really amazing that 100 million people live in a small island country and safety is ensured. I'm glad I was born in Japan. 🇯🇵⛩But the problem is the elderly society…😢
Then open borders for immigrants like USA has
Elderly society is problem ! how ?
As a defeated country in World War II, you, Japan were able to develop because of the strong support of the United States. Similarly, your ceiling and decline are also controlled by the Americans. A country that gave you Japanese two atomic bombs and killed countless people, the army still lives in your Japan today and you can still be proud of this, haha, what a joke
@@montysharma8271 Come on, everybody knows
I highly doubt Japan has any major issues just because you have older people on average compared to the rest of the world. As far as i know, old Japanese people generally work for the country even beyond retirement. Plus Japan is advancing very well in AI.
Go india go🇮🇳
昔は日本もがんばってたんだなぁ…
there was no european union 1970. till 1992
man germany have today a 1/3 of the EU GDP
India used to have a global GDP share of around 35% during the early 16th century, then Mughals came.
The number was around 24% before the brishiters arrived, which remained below 4% when they left.
Stop the cap
@@bockbuster60 its real , no cap
@@zawa3udo11 you got no proof except talking big
@@THELASTWORKINGTOILETOFINDIA read some history you illiter@te
@@THELASTWORKINGTOILETOFINDIA bhikaristan 🇵🇰💩 is still begging for loans to prevent it's economy from crashing
USA is fighting EU since the 90s and we do not even realize it 😅🤣
Yeah, I hope we start getting more independent from the US..
We need a stronger EU.
Why would the US need to fight the EU? There's literally nothing to be gained from the EU, but continue to blame all your problems on the big bad USA. Crazy how pathetic Europe has become
@Nationalistic Pole No. Germany, France and the UK are not untrustworthy. This war has pretty much proved this.
The US is one of our best allies, but it’s better for both sides to grow more independent. We’ll still have the best relationships, we’ll still stand together on international matters. We share common values and goals after all.
But we need to become stronger in order to stand to an equal footing to the US. We need to stand stronger in order not to be bossed around by ANYONE. We need to stand stronger, for when the time comes that the US focuses entirely on the pacific and China, we will not be left wondering what to do next.
We have the potential to be the most moral and strongest superpower out there. We just need some vision.
@Prajwal Devanga European people does not control US anymore... Who control US is from that State which is always defended by US, even when it kills hundred of innocents
@@zedero8 That's why you don't know why you lose. You have no idea why there was cold war, like you no idea why Ukraine war broke out today. Just check jow much money got out of Europe and how your currency depreciated after Ukraine war.
European countries other than germany may have fallen so much that it cannot fight as a individual country.
Germany without them would too
Yes and no. Germany is very dependant on all trade though Dutch and Belgian ports. The connections with France are also a thing since the friendship is getting better. Although they are the factory of Europe, they still need the others to do things without too much trouble. For raw materials, they need eastern and northern Europe, for holidays the southern parts 🤣.
Thanks US
I wouldnt say fallen but they have individually for sure a too small population in comparison to China or the US. Together we are stronger 🤝🏻
European Countries in the modern day have to rely on each other or on the US, back then was their prime time of power alone, not anymore.
The State of California is on the verge to Surpass the largest economy in Europe (Germany)
Is this africa as a whole, or just some african union with a few nations? I mean Africa actually has a bright future, as ridiculous as it sounds to most people. I would expect them to be higher, ngl
MW2 is a masterpiece
Africa will have a bright future when they will stop being so ethnonationalist.
The mentality of Africans is what holding them.
First, they is very high xenophobia and racism in Africa that stop them from working together. I will not enumerate all the ethnic genocide and wars that are currently ongoing. We complain about xenophobia in the west or in Asia, but Africa is on another level. You can be easily lynched in an African city, because you don't have the right ethnicity.
Secondly, the lack of responsibility for anything. When they do a genocide, they blame Europeans. When they are very corrupted and their elite steal their wealth, they blame Europeans. Electricity issue in a random African university, I shit you not, they asked the French president to fix it.
What do you expect from this mentality?
I think the EU and Japan are very similar. (Based on the stagnation of GDP in the last 30 years and the degree of wealth)
If they become independent from the United States and develop their economies as they are, they will rule the world as they once did.
🇪🇺🤝🇯🇵
Somewhat similar, but the EUs stagnated later, in the mid 2010s.. Up until then it was trucking along well.
We're really going into a multipolar age.
yes you are right my brother , now only USA won't give orders , china and India are getting stronger
Soviet Union is missing and it was one of the main countries
Russia is not rich..even before the sanctions. Lol
That's right West Germany who was the 2nd and 3rd biggest economy during the cold war is missing, and the Soviet Union which was one of the main superpowers during the coldwar which also had a very big gdp. I think it had the 4th largest GDP with the USA, Japan and Germany taking 1st, 2nd and 3rd spots respectively.
This is a very badly made video.
Revive!! Japanese economy!!
How far will Japan's falling economy go? 😲😲
Six Feet Under? 😆😆
Japan's GDP will continue to shrink as YEN devalue very fast.
That as low as Korea. Thank Japan for Korea success 👍
@@erikjj235 only South Korea, they didn't develop north korea and now it is one of the poorest country in the world
@@R_.709 when people say 'korea' they mean south korea
Este gráfico muestra bien que los 80 fue la década perdida de América Latina, nunca fuimos más insignificantes. Latimosamente estos últimos 10 años bien se pueden considerar una segunda década perdida :(
Ojalá haya un nuevo ciclo de alto valor de materias primas y volvamos a tener por lo menos el 7% de participación global.
El problema de America Latina es la corrupcion
@@marfrandema1884 No lo creo, para mi la corrupción es más bien la consecuencia no la causa.
Latin America will be forever lost as long as its let US to be its dirty backyards. Latin America have to be truth to itself and leaders needed to implement a resistance and shift it foreign policy away from US intrusive internal domestic meddling and interfering to where it could focus on improving its economics for its own people and livelihoods, and not depends on migrants remittances and be independence from US.
2010s worse than 1980s even
@@FOLIPE Para ser más precisos sería 2013-2022. Porque 2010, 2011 y 2012 fueron buenos años para prácticamente toda latinoamerica.
Please make videos on top HIV/AIDS populated country to spread awareness.
The era of electric vehicles has come, and Japan has once again been abandoned.
没错，要怪就怪当初日本想垄断氢能源汽车，结果被我们和美国用新能源汽车干掉了
We were so careless while China became too big. We thought China was our friend.
No, China is your boss
Fr.
Did anyone notice USA share is shrinking? That is a good things. It means more wealth equally distributed among the nations.
No one notice.....cause still on top since the beginning of the video.
@@helendefensor5057 yup. But coming years, it will be shrinking further. China and India will take that spot.
@@entertainmentjoke2871 you mean EU is shrinking not the US.....Are you colored blind? Yea, but the quality of living in China and India are sucks too much population specially India. I rather go to Japan , South Korea and Singapore cause these are the only good place to live in asia and the quality of living are high.
@@helendefensor5057 i think you are not only color blind, you are math stupid as well. 35% SHRINK to 24% is not shrinking, then what it is? Have you been to China and India? I guess you are too poor to travel. No point asking. Also, no one ask you which country you prefer to live. Dont ever come to SE Asia and East Asia, especially Singapore. We have enough dealing with dumb people, especially sucks in maths. Adding you into our population cause us more headache.
Did you watch the same video it shrank and came back every single time even in the last decade.
Middle East:- I am making free money here.
21st century
China: Hold on, I'm ready to take off.
I have a question.. How many countries With population over 100 million people have GDP per capital obove the world 's average per capital ( 12k5 usd/ per year) ???
12k5? Or is it 12k USD?
Only China US and Japan, 3 countries. Russia used to be in but no more.
@@parvadhami980 12k5.. The world's average
@@chuningfeng5786 Russia 2013 gdp 2,2 trilion.. pet Capital 16k usd.. but 2015 gdp down to 1,7 trilion .. per capital 11k usd
@@Cuocsongphonui 12k5? Write it in numerical figure
Woah, a video talking about economy, and the list of country with it ? Im sure no one will suddenly become a economic expert, and will start mocking or harassing another country for its high gdp.
This meme was made by country who doesnt included in this list gang
Its not about Japan is declining and lose overall share now, yes they not than strong than earlier, but other countries economicaly developing too
it's so sad to see europe die
My dad in the late nineties chose China to do business with. At that time people were like, "why China? It's a 3rd world country". He visited China and discovered how modern and advanced it was compared to so called developed countries. And now it turned out to be extremely lucrative decision
China's population is bigger than the sum of (the whole Europe including Russia, US, Japan, South Korea, Singapore, Canada, Australia, New Zealand), which are almost all the developed countries in the world.
If China's GDP per capita reached the level as developed as the above-mentioned countries, China's GDP should be the sum of them.
Then almost all the industries are needed to support such a big economy.
It has not ended. Wait and see what will happen. It must be interesting.
China's population is slated to half within 50 years so it really won't work like that.
China jhas 800 million workforce considering most of people In Europe r old
India has growth rate of 8% you can see india too in the future
@@shashankdixit8949 8%？？？？is3%
@@shashankdixit8949 lndia ranks 101 out of 106 in the world hunger index. After years of "growth", lndia's per capita GDP now falls behind Bangladesh
But what's the Black part in that pizza graphic? It can't be all South east asia, can it?
I hope China and India can solve their border issues through peaceful cooperation in the near future, because that is currently the only big issue affecting the China-India relationship.
India will not，India sees this as a leverage against China and they like to use game measurement rather than win-win cooperation.
@@Steven-oq7dx Not until China gives back the occupied and its claim on the Arunachal Pradesh. Tbh, it won't be possible;e until there is a CCP.
@@adityasharma2935 So fight China, but India doesn't dare, so what does India want to do?I always think India thinks of itself as a great power but it is not. Great powers are achieved by victory and India does not have any great victories. China defeated us forces in Vietnam and Korea, which is proof of its status and is now in full competition with US China win the respect from us
@@Steven-oq7dx cuz mowgliji is a pussy
@@Steven-oq7dx great power? Do you know how long they got to "serve"? From 6th century till 1947? lol
Am i the one who's thinking India's GDP UPTO 2024 IS shown less than middle east🤔
This was pretty could, would it be possible to do 100 years and add more flags to the sections?
We are brothers 🇮🇳❤️🇳🇵🤝🇧🇹
where is the ussr?
USA allowed skill immigrants into the country,as a result USA remains a GLOBALPOWER and continues to grow it's GDP.
BUT in Japan,
The ageing population was growing,
Birth rate was slowing down,
Very less working age population
So, Japan did not grow as USA and Their GDP keeps on falling.
America is successful because after WW2 USA made strong allies and does business with them. Everyone wanted to be a US ally also because US had the most nuclear weapons in the world and a very large army
I'm going to be brutally honest here. Japan supported Hitler. The rest of the world saw that and wanted little to do with Japan because of it. Very little trading and business for many years because of that
@@babygirl308 I agree with you. 👍
A lot of this has to do with currency shifts. Something like this with PPP would be better
Come to ppp, China surpassed US in 2014
Japaaaaaaaan😭
Very nice and relaxing background music. May I know the name of the music?
不可以
lol your name
India is much better Pakistan aka Pottistan.
@@gurdeepsg12 lol both are the same bround people, same dna just different ideology aka religion.
@@THELASTWORKINGTOILETOFINDIA From which country you are?
Last 15 years were impressive....
EU + US.+ CHINA =64%= 2/3 world
The Anglosphere is around another 7%. Rest of Europe might also be around another 3%.
The West in total is around 52% of global GDP. However GDP is just a measure of economic activity within a nation, which is good for counting growth but not good for counting the actual amount of wealth. Property assets, art, gold/silver/other reserves, assets in companies and foreign investments/companies are not included. If you calculate total wealth the USA controls about 33% of global wealth. Europe is also higher than in GDP.
@@matt7192 The west includes Japan, South Korea, Taiwan and Australia. Including those countries the west makes up more than 60% of the 2023 global economy. With the US alone making up 26% of the global GDP of $105 Trillion
2/3 of their market in other countries…..so quickly all will started growing…..it is not like past centuries becoz we are not that much connected….but now we all know everything…..so next 30 years figures may be entirely different….
China, Russia and India may have border less countries….like EU, these 3 countries form big alliances with their borders.
USSR?
2024: 0.1% 👏👏👏👏
不，这是中国
@@crimeaisukraine6605 哈哈哈，你好幽默
@@crimeaisukraine6605 USSR doesnt exist in 2024
This statistics is wrong, where’a the USSR?
Where is Russia
Russia's GDP is too small
Russia's GDP occupy about 1% global share... Inside the black area.
in black color
@@EternalMuscovite According to worldpopulationreview, it takes 12th place, surpassing Netherland, Taiwan, Sweden, Belgium, Austria, Spain and all other cool countries. Compared to US and China everything is small
@@iracalisto6283 still too small
The major change is movement of share of GDP from US + EU being 60% and China + Japan baing 10% in 1970 to 2024 where US + EU are 42% and China + Japan are 25%. For the rest of the world they have increased from 30% to 33%
Need to specify "the GDP nominal"
Didn't know Middle east and European union were countries!
Noticed China's graph started expanding after 2008. What happened in 2008 to suddenly cause China's economy to expand so much unlike before?
Yuan became more valuable. In 2008 1dollar=8yuan, now 1dollar=6.5yuan
@@sloporay3274 ok but why did the Yuan become more valuable in 2008? What changed?
China's economy miracle started in 2001 the year they join WTO, its growth accelerated in 2008, China launched the biggest infrastructure building plan in human history that year to counter the economy crisis
@@savioblanc Because of the global financial crisis in 2008, China was one of the few countries to maintain strong growth even in such crisis
并不是中国在2008年突然扩张，而是美国和欧洲在2008年突然下降。中国gdp超高速增长是从2001年加入世界贸易组织开始的，这个增长持续了15年，2008年的增长速度其实和这之前的几年是接近的，但美国欧洲突然下降，才使中国的占比突然上升
Japan had it much easier than the European countries to rise in this way after the war. Perhaps the only country that had all the good variables together, with no internal enemies and a huge population.
But Japan lack resources
Poor India.
What
Just today, Tesla's second Gigafactory in Shanghai is ready to start construction. This is a very interesting phenomenon. The news media always paints China as hell, but Apple, Tesla, and Intel continue to increase investment in China. The children of rich people also start learning Chinese from an early age, which is very interesting.
China has 1 billion 400 million inhabitants and has less GDP of the United States who have 300 million inhabitants ... China over the past 20 years it has developed a lot but per capita sucks.
What would be the rich countries where Chinese is spoken outside of China? in Japan Europe South America South Korea English is studied from elementary school. in singapore the most important and spoken language is english
@@paolocenci9108 Of course,US is still the world's most powerful country, but like all American entrepreneurs who invest in China, I am not very optimistic about the future of the US. The debt of the US is too serious, and the financial tsunami caused by the debt explosion is almost unavoidable. It is too difficult.
@@jiashu2668 Yes, but you did not understand what I meant ... China is a very populous country and when will become the country with the largest GDP will be a normal thing because it has a population much larger than North America and the European Union ... despite this though China has had over the last 20 years an enormous development and I hope that my country Brazili can take an inspiration
@@paolocenci9108 wish you could
EU(I meant European countries) countries individually, are weak, but when they come together, they are stronger. For instance, if Ukraine wasn't getting help from all over the place, they would have fallen to Russia by now.
Yup, thats why they have to stick together, when alone, they're basically nothing nor self sufficient
+ the US.
Yup if the west doesn't intervene Ukraine kapital will fall in a few days
And there will be no more deaths that the war cost
Without the US , NATO is weak.
If you look at developed countries EU+US+Japan (G7), it was 2/3 of world in 1970, and it will be less 1/2 of world by 2024. Who gained? China, and is gaining fast too. India was 2% and will be 3%, it grows fast although it grows from insignificant to insignificant. China is different.
What happened to the "world fastest growing economy" India?
对不起，印度经济增长的并不快，先生
@@李小明-r3s 8.2% predicted by imf in fy23 so shut up. Actually it was predicted to be 9% but again brought it down. Last year he grew by 9.3% the fastest ever growth of a major economy. We will achieve double figure growth when we develop our infrastructure more further. In fy27 we will be a $5 trillion economy in nominal gdp and $16 trillion ppp wise. We will beat Japan in fy28 if we maintain growth above 8% and to beat USA in ppp gdp by fy32. And nominal gdp by fy54 or 55. Even we will beat china in ppp gdp by 2046. Our ppp gdp is predicted to be $44 trillion by 2050 and nomial gdp $27 trillion in 2050. India is the future super power
@@technicalgamingandroid3208 先生你搞错了✖，印度只是一个南亜小国
@@李小明-r3s India is the 7 th largest country in the world, and 6 th largest economy in nominal and 3rd largest economy by ppp out of 207 countries lol. And also 4th strongest army and 3rd strongest military overall and also it has the largest military in the world . 42 million active + reserve personnel. India comes second in IT sector. 3rd in textile, 1st is spice production. 2nd in mobile manufacturing, 3rd in automobile manufacturing, 2nd in steel production, 3rd in electricity production, 2nd in overall agricultural production, most number of engineers and doctors are honoured with their degrees every year in India.
@@李小明-r3s see the data fool. India is the fastest growing major economy.
Sounds confusing because you reported EU as a whole while forgetting the BRICS +5+ and report China gdp alone 😂😂😂.
Don't warry Supar Pawar India will become what it was at ancient time 🍛🐘🇮🇳☝️
After looking at it for 1 min, I hate the comment section already.
Japan is in rapid decline. Aging & declining population. 237% debt to gdp ratio, negative population growth -0.30% (2020) , -0.34% (2021) and -0.37 (2022). *With declining birthrates and over 25% of the population aged over 65, there are now more diapers produced for adults than for babies.*
Hey hater of india
@@PinkiSingh-bl6nb Poo2Loo?
what India share 18% the World's population.. but only 3 % the world 's Gdp... What Wrong with this video.???.. I hear Indian said India GDP share over 30% of the world 's Gdp
Lol no
Chinese clown spotted.
that was a troll like you, who had a job of mocking india.
Source where you heard it from or it didn't happen, and you're just an unfunny troll, come on
India's per capita GDP is lower than almost all countries only their fellow south asian dudes and poorest african countries are below india lol
India will be Numbar One!
In 28 years by some estimates.
lmao, it is not even possible in 100 years. trust me I'm from india
Japan has 256% debt
This pie chart would give a better indication of economic conditions in the world if it used PPP figures instead of nominal GDP. For example, by PPP standards, USA’s industry is 75% of China’s. USA’s overall economy is 4 trillion dollars smaller than China’s. Also India’s economy in PPP terms is nearly 50% of USA’s. The PPP standard makes sense because a new ship or missile will cost substantially less in China or India compared to the West.
So bad India 🇮🇳 have to do lot more now. I think we need more fastly overcome our century of Humiliation.And regain our golden History🌟.
You are being humiliated by Pakistan... You have a lot to do to regain golden history
@@RADLadio Pakistan is itself a most humiliated country I was talking about Western countries.
@@RADLadio Pakistan has been humilated 3 times by India and their former PM humilated Pakistan each day. While they shout that Kashmir belongs to them, we broke them into 2 parts, Bangladesh is the living example of it. That would be the greater humiliation
@@prasannagogoi5511 You can't become a superpower with enemies at your front door
@@RADLadio yes just like Russia is on Europe's front door, stop being hypocrite
Isn't time series line graph a better presentation of the data?
Forget when India single pays 25% to 35% World GDP
nobody interested to know about fairy tales. None of which is proven or verified by Independent historians.
I cannot believe Whole African continent has less GDP than India despite having similar population.
That's not surprising, as you said, they have the same population(roughly). It's shocking that Africa is below germany and Japan, which have less than 1/10th of Africa's population
This percentage is not accurate as per real data.
You should have put the uk on the list considering we are the 5th biggest economy in the world
Unfortunately.
Agree. It is disgraceful to disrespect once a powerful dirty empire!
@@RADLadio what do you mean ? Why should it be unfortunate?
@@HaiLsKuNkY nobody like uk and british people
@@drewh3224 Cry. The UK's economy has been stagnant for nearly 20 years. It's former subject, India, is set to surpass it within the next 2 years.
I was surprised to see Latin America and Africa same number. Thought Brazil and Mexico were super big