{"id":24690,"date":"2024-06-10T09:00:00","date_gmt":"2024-06-10T07:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=24690"},"modified":"2024-06-10T09:23:09","modified_gmt":"2024-06-10T07:23:09","slug":"power-map-94-trillion-world","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/power-map-94-trillion-world\/","title":{"rendered":"The power map: a $94 trillion world"},"content":{"rendered":"<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>The world economy is worth 94 trillion dollars. For ordinary mortals, the figure can be staggering, if we have only just grasped its magnitude. Especially when we realise that just four countries, the United States, China, Japan and Germany, account for more than half of the world\u2019s economic output in terms of gross domestic product. In 11Onze we take a look at how the global map of power is distributed.<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">To compare the various economies of the world, <\/span><b>experts usually use the gross domestic product (GDP) of each country<\/b><span style=\"font-weight: 400;\">, with estimates made by the International Monetary Fund (IMF). This is what we have done, based on data produced by <\/span><a href=\"https:\/\/www.visualcapitalist.com\/visualizing-the-94-trillion-world-economy-in-one-chart\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u2018Visual Capitalist\u2019<\/span><\/a><span style=\"font-weight: 400;\">, to analyse the distribution of the world\u2019s wealth in 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GDP is a general indicator that <\/span><b>measures all the country\u2019s production, i.e. all the goods and services produced in a given period of time<\/b><span style=\"font-weight: 400;\">, quarterly or annually. Although GDP does not reflect the well-being of citizens, experts do believe that if a country\u2019s GDP increases, it means that there is more economic activity, and that this benefits workers and businesses as a whole.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although the figure of 94 trillion dollars may seem like a beastly figure, it should be borne in mind that in 1970 the world\u2019s GDP was only three trillion dollars. Moreover, the figure is expected to double in the next 30 years. <\/span><b>By 2050, according to experts, global GDP could reach $180 trillion<\/b><span style=\"font-weight: 400;\">. And by 2022 it is expected to exceed 100 trillion.<\/span><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component gallery\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-lg-10 offset-lg-1\">\n        <div id=\"slider_1\" class=\"carousel slide\" data-wrap=\"false\" data-interval=\"false\">\n          <div class=\"carousel-inner\">\n            <div class=\"carousel-item active\">\n              <img decoding=\"async\" class=\"d-block w-100\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/01\/GDP_2-1.png\" alt=\"\">\n              <div class=\"carousel-caption\">\n                \n              <\/div>\n            <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>The countries that rule the planet<\/b><\/h3>\n<p><b>At $22.9 trillion, the GDP of the United States represents 24.4% of the world economy<\/b><span style=\"font-weight: 400;\">, although it is fair to say that this percentage is the lowest in its history, as 11Onze\u2019s chairman James S\u00e8ne <\/span><a href=\"https:\/\/www.11onze.cat\/en\/magazine\/2022-year-big-crisis\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">explained<\/span><\/a><span style=\"font-weight: 400;\">. Finance and insurance are the biggest contributors to its economy, followed by services and public administration.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Below the United States, <\/span><b>and at an increasingly smaller distance, is China, with $16.9 trillion, which accounts for 17.9% of the world economy<\/b><span style=\"font-weight: 400;\">. The country achieves most of its wealth because it is the world\u2019s largest manufacturer of steel, coal, electronics and robotics. At a considerable distance behind it are <\/span><b>Japan and Germany, which is Europe\u2019s largest economy<\/b><span style=\"font-weight: 400;\">, thanks mainly to motor vehicle exports. In total, it exports around 20% of its production.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thus a map of power is configured, the axes of which are divided between the United States on the American continent, China on the Asian continent and Germany on the European continent. And where is <\/span><b>Spain <\/b><span style=\"font-weight: 400;\">on this list, if it does not appear among the first ten countries? Well, <\/span><b>with a GDP of 1.4 trillion dollars, i.e. 1.5% of the world economy, it is in 14th place<\/b><span style=\"font-weight: 400;\">, just below Russia, Brazil and Australia, and just above Mexico, Indonesia and Iran.<\/span><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component gallery\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-lg-10 offset-lg-1\">\n        <div id=\"slider_1\" class=\"carousel slide\" data-wrap=\"false\" data-interval=\"false\">\n          <div class=\"carousel-inner\">\n            <div class=\"carousel-item active\">\n              <img decoding=\"async\" class=\"d-block w-100\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/01\/GDP_1-2.png\" alt=\"\">\n              <div class=\"carousel-caption\">\n                \n              <\/div>\n            <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>The fastest growing economies<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">But there are countries that, although not in the best positions, are expected to grow a lot in the coming years. <\/span><b>At the top of this list is Libya, as the IMF forecasts that it could grow by up to 123%<\/b><span style=\"font-weight: 400;\">, thanks mainly to oil exports and a depressed currency.<\/span><\/p>\n<p><b>Also high on this list in Europe is Ireland, with a growth forecast of 13%<\/b><span style=\"font-weight: 400;\">. The key, according to experts, is that it is hosting large global technology companies, such as Facebook, Tik Tok, Google, Apple and Pfizer, because it has a very low corporate tax rate compared to other countries in the world. A rate that, unfortunately, will have to rise due to the agreements signed with the OECD. Macao is another growing economy and political tensions are becoming more and more evident. Macao is considered to be within China&#8217;s sphere of influence.<\/span><\/p>\n<p><b>On the other side of the scale is Tuvalu, which has the world&#8217;s smallest economy at only $70 million<\/b><span style=\"font-weight: 400;\">. The business that brings the most wealth to this country located between Hawaii and Australia is very curious: as Tuvalu is allocated the .tv web domain, it receives huge revenues from audiovisual companies, such as Twitch.tv. The list of countries with the smallest economies includes many small islands in Oceania, such as Nauru, Palau and Kiribati, many of which are dependent on tourism.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>11Onze is the fintech community of Catalonia. Open an account by downloading the super app El Canut on <\/b><a href=\"https:\/\/bit.ly\/2YlbZAf\" target=\"_blank\" rel=\"noopener\"><b>Android<\/b><\/a><b> and <\/b><a href=\"https:\/\/bit.ly\/Onze-IOS\" target=\"_blank\" rel=\"noopener\"><b>Apple<\/b><\/a><b> and join the revolution!<\/b><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component cards\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-xl-8 offset-xl-2\">\n        <h1>If you liked this article, we recommend you read:<\/h1>\n        <div class=\"cards__wrapper\">\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/2022-year-big-crisis\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/01\/VISUALS_PODCAST_THUMBNAIL_PSN_JAMES.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Economy<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>2022: the year of the big crisis<\/strong><\/p>\n              <span class=\"card-time\">6 min read<\/span>\n              <p class=\"card-text small\">The scenario we will face in 2022 can be scary.<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/europe-digital-sovereignty-feasible\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/01\/THUMBNAIL_FACTIBLE_SOBIRANIA_DIGITAL_EUROPA-800x533.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Technology<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Is Europe\u2019s digital sovereignty feasible?<\/strong><\/p>\n              <span class=\"card-time\">4 min read<\/span>\n              <p class=\"card-text small\">In the field of technology and the digital revolution, Europe is<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/carbon-bubble-bring-down-banks\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/01\/THUMBNAIL_BOMBOLLA_CARBONI_FARA_CAURE_BANCS-800x450.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Finances<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Will the carbon bubble bring down the banks?<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">Climate change comes with a rise in taxes and emission rights<\/p>\n            <\/div>\n          <\/div>\n\n              <\/div>\n              <br>\n              <br>\n              <div class=\"cards__wrapper\">\n\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":71,"featured_media":24760,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[172],"class_list":["post-24690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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