@redseajournal_official: This infographic offers a striking visualization of the world’s nominal GDP by country in 2023, based on IMF data. The global economy totals $105 trillion, with just a handful of countries making up the majority of economic output. ⸻ 💵 Top 5 Largest Economies in 2023: 1. 🇺🇸 United States – $26.9 trillion 2. 🇨🇳 China – $19.4 trillion 3. 🇯🇵 Japan – $4.4 trillion 4. 🇩🇪 Germany – $4.3 trillion 5. 🇮🇳 India – $3.7 trillion (now ahead of the UK) These five nations alone account for over 55% of global GDP, showing the concentration of economic power in a few countries. ⸻ 🧠 Key Takeaways: • The U.S. maintains its position as the world’s largest economy, producing over a quarter of the world’s output. • China remains in second place and is growing at 7.1%, compared to 5.5% for the U.S. • India overtakes the UK, becoming the 5th largest economy globally. • Russia’s GDP drops significantly—by $150B—more than the entire GDP of Ukraine ($149B). • Canada, Brazil, Russia, and Australia are nearly tied around $2.1–$2.2T. • Saudi Arabia’s GDP shrinks, falling below $1.1T, despite being a major oil exporter. ⸻ 🧮 Other Notable Economies: • 🇫🇷 France: $3.2T • 🇬🇧 United Kingdom: $3.2T • 🇧🇷 Brazil: $2.1T • 🇷🇺 Russia: $2.1T • 🇨🇦 Canada: $2.1T • 🇰🇷 South Korea: $1.7T • 🇲🇽 Mexico: $1.7T • 🇮🇹 Italy: $2.2T • 🇸🇦 Saudi Arabia: $1.1T ⸻ 📉 Growth, Decline, and Shifts: • The global economy is projected to grow by 5.3%, or 2.8% when adjusted for inflation. • Some countries like Russia, Canada, and Saudi Arabia are seeing economic contraction or slower growth due to geopolitical and energy-related pressures. • Countries like Vietnam, Bangladesh, and Indonesia show promising signs of economic expansion in Asia. ⸻ 📌 Notes: • Data excludes countries like Afghanistan, Lebanon, Pakistan, Sri Lanka, and Syria due to lack of consistent economic reporting. • GDP figures are nominal, meaning they’re not adjusted for inflation or purchasing power parity (PPP). #GlobalEconomy #GDP2023 #EconomicPower #WorldEconomy #VisualCapitalist #USAEconomy #ChinaGDP

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Saturday 26 July 2025 23:41:53 GMT