Worldwide Gross Domestic Product (GDP) Trends, 1960 – 2017, and Projections, 2018 – 2100

Ian Fraser is an award-winning journalist, commentator and broadcaster who writes about business, finance, politics and economics.  In 2018, under the banner of WawamuStats, he started posting a series of short videos that help visualize trends that are hard to see in voluminous numerical data, but become apparent (even a bit stunning) in a dynamic graphical format.  On its Facebook page, WawamuStats explains:

“Historical data are fun, but reading them is tedious. This page makes these tedious data into a dynamic timeline, which shows historical data.”

Regarding the GDP data used for the dynamic visualizations, WawamuStats states:

“Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons.”

Here are the three WawamuStats GDP videos I think you will enjoy.

Top 10 Country GDP Ranking History (1960-2017)

This dynamic visualization shows the top 10 countries with the highest GDP from 1960 to 2017.  At the start, most of the top 10 countries are from Europe and North America. You’ll see the rapid rise of Japan’s economy followed decades later by the rapid rise of China’s economy.

Top 10 Country GDP Per Capita Ranking History (1962-2017)

This dynamic visualization shows the top 10 countries with the highest GDP per capita from 1962 to 2017.  As you will see, most of the top 10 countries are from developed regions in Europe, North America, and Asia. Since 2017, Luxembourg has been regarded as the richest country in terms of GDP per capita.

Future Top 10 Country Projected GDP Ranking (2018-2100)

This dynamic visualization shows how Asian economies are expected to grow and eventually dominate the world economy, with China’s economy, and later India’s economy, exceeding the US economy in terms of GDP, and several European economies dropping out of the top 10 ranking. While the specific national GDP values are only projections, the macro trends, with a strong shift toward Asian economies, probably is correct.

You can find additional dynamic video timelines on the WawamuStats Facebook page here:

https://www.facebook.com/WawamuStats/?ref=py_c

You’ll also can find more information on Ian Fraser on his personal website here:

http://www.ianfraser.org/biography/

Thanks to Lyncean member Mike Spaeth for bringing the WawamuStats dynamic visualizations to my attention.