from
https://www.visualcapitalist.com/visualizing-the-105-trillion-world-economy-in-one-chart/

(Welcome to read thgis, but really best to view it at the citation.)

(Will Russia ever again get a leader who actually wants to help
the lives of Russians??)

GDP Visualizing the $105 Trillion World Economy in One Chart
Published 9 months ago on August 9, 2023
By Pallavi Rao
Click to view this graphic in a higher-resolution.

A chart showing the breakup of the world economy, organized by the size
of each country's gross domestic product.

▼ Use This Visualization
Visualizing the $105 Trillion World Economy in One Chart
By the end of 2023, the world economy is expected to have a gross
domestic product (GDP) of $105 trillion, or $5 trillion higher than the
year before, according to the latest International Monetary Fund (IMF)
projections from its 2023 World Economic Outlook report.

In nominal terms, that’s a 5.3% increase in global GDP. In
inflation-adjusted terms, that would be a 2.8% increase.

ℹ️ Gross Domestic Product (GDP) measures the total value of economic
output—goods and services—produced within a given time frame by both the
private and public sectors. All numbers used in this article, unless
otherwise specified, are nominal figures, and do not account for inflation.
The year started with turmoil for the global economy, with financial
markets rocked by the collapse of several mid-sized U.S. banks alongside
persistent inflation and tightening monetary conditions in most
countries. Nevertheless, some economies have proven to be resilient, and
are expected to register growth from 2022.

Ranking Countries by Economic Size in 2023
The U.S. is expected to continue being the biggest economy in 2023 with
a projected GDP of $26.9 trillion for the year. This is more than the
sum of the GDPs of 174 countries ranked from Indonesia (17th) to Tuvalu
(191st).

China stays steady at second place with a projected $19.4 trillion GDP
in 2023. Most of the top-five economies remain in the same positions
from 2022, with one notable exception.

India is expected to climb past the UK to become the fifth-largest
economy with a projected 2023 GDP of $3.7 trillion.

Here’s a look at the size of every country’s economy in 2023, according
to IMF’s estimates.

Search:
Rank Country GDP (USD) % of Total
1 🇺🇸 U.S. $26,855B 25.54%
2 🇨🇳 China $19,374B 18.43%
3 🇯🇵 Japan $4,410B 4.19%
4 🇩🇪 Germany $4,309B 4.10%
5 🇮🇳 India $3,737B 3.55%
6 🇬🇧 UK $3,159B 3.00%
7 🇫🇷 France $2,923B 2.78%
8 🇮🇹 Italy $2,170B 2.06%
9 🇨🇦 Canada $2,090B 1.99%
10 🇧🇷 Brazil $2,081B 1.98%
Showing 1 to 10 of 191 entriesPreviousNext

The year started with turmoil for the global economy, with financial
markets rocked by the collapse of several mid-sized U.S. banks alongside
persistent inflation and tightening monetary conditions in most
countries. Nevertheless, some economies have proven to be resilient, and
are expected to register growth from 2022.

Search:
Rank Country GDP (USD) % of Total
11 🇷🇺 Russia $2,063B 1.96%
12 🇰🇷 South Korea $1,722B 1.64%
13 🇦🇺 Australia $1,708B 1.62%
14 🇲🇽 Mexico $1,663B 1.58%
15 🇪🇸 Spain $1,492B 1.42%
16 🇮🇩 Indonesia $1,392B 1.32%
17 🇳🇱 Netherlands $1,081B 1.03%
18 🇸🇦 Saudi Arabia $1,062B 1.01%
19 🇹🇷 Türkiye $1,029B 0.98%
20 🇨🇭 Switzerland $870B 0.83%

21 🇹🇼 Taiwan $791B 0.75%
22 🇵🇱 Poland $749B 0.71%
23 🇦🇷 Argentina $641B 0.61%
24 🇧🇪 Belgium $624B 0.59%
25 🇸🇪 Sweden $599B 0.57%
26 🇮🇪 Ireland $594B 0.57%
27 🇹🇭 Thailand $574B 0.55%
28 🇳🇴 Norway $554B 0.53%
29 🇮🇱 Israel $539B 0.51%
30 🇸🇬 Singapore $516B 0.49%

Note: Projections for Afghanistan, Lebanon, Pakistan, Sri Lanka and
Syria are missing from IMF’s database for 2023.
Here are the largest economies for each region of the world.

Africa: Nigeria ($506.6 billion)
Asia: China ($19.4 trillion)
Europe: Germany ($4.3 trillion)
Middle East: Saudi Arabia ($1.1 trillion)
North & Central America: U.S. ($26.9 trillion)
Oceania: Australia ($1.7 trillion)
South America: Brazil ($2.1 trillion)
Ranked: 2023’s Shrinking Economies
In fact, 29 economies are projected to shrink from their 2022 sizes,
leading to nearly $500 billion in lost output.

A bar chart showing the amount of nominal GDP shrinkage for several
countries.

Russia will see the biggest decline, with a projected $150 billion
contraction this year. This is equal to about one-third of total decline
of all 29 countries with shrinking economies.

Egypt (-$88 billion) and Canada (-$50 billion) combined make up another
one-third of lost output.

In Egypt’s case, the drop can be partly explained by the country’s
currency (Egyptian pound), which has dropped in value against the U.S.
dollar by about 50% since mid-2022.

Russia and Canada are some of the world’s largest oil producers and the
oil price has fallen since 2022. A further complication for Russia is
that the country has been forced to sell oil at a steep discount because
of Western sanctions.

Here are the projected changes in GDP for all countries facing
year-over-year declines:

Search:
Country Region 2022–23 Change (USD) 2022–23 Change (%)
🇷🇺 Russia Europe -$152.65B -6.9%
🇪🇬 Egypt Africa -$88.12B -18.5%
🇨🇦 Canada North America -$50.17B -2.3%
🇸🇦 Saudi Arabia Middle East -$46.25B -4.2%
🇧🇩 Bangladesh Asia -$39.69B -8.6%
🇳🇴 Norway Europe -$25.16B -4.3%
🇰🇼 Kuwait Middle East -$19.85B -10.8%
🇴🇲 Oman Middle East -$9.77B -8.5%
🇨🇴 Colombia South America -$9.25B -2.7%
🇦🇪 UAE Middle East -$8.56B -1.7%
Showing 1 to 10 of 29 entriesPreviousNext

The presence of Saudi Arabia, Norway, Kuwait, and Oman in the top 10
biggest GDP contractions further highlights the potential impact on GDP
for oil-producing countries, according to the IMF’s projections.

More recently, producers have been cutting supply in an effort to boost
prices, but concerns of slowing global oil demand in the wake of a
subdued Chinese economy (the world’s second-largest oil consumer), have
kept oil prices lower than in 2022 regardless.

The Footnote on GDP Forecasts
While organizations like the IMF have gotten fairly good at GDP
forecasting, it’s still worth remembering that these are projections and
assumptions made at the beginning of the year that may not hold true by
the end of 2023.

For example, JP Morgan has already changed their forecast for China’s
2023 real GDP growth six times in as many months after expectations of
broad-based pandemic-recovery spending did not materialize in the country.

The key takeaway from IMF’s projections for 2023 GDP growth rests on how
well countries restrict inflation without stifling growth, all amidst
tense liquidity conditions.

Where Does This Data Come From?

Source: The International Monetary Fund’s Datamapper which uses
projections made in the April 2023 World Economic Outlook report.

Note: Projections for Afghanistan, Lebanon, Pakistan, Sri Lanka and
Syria are missing from the IMF’s database. Furthermore, all figures used
in the article, unless specified, are nominal GDP numbers and rates.

‎ ­

Enjoying the data vis

"a425couple" wrote in message news:YGS_N.71248$Fmd1.59678@fx13.iad...

from
https://www.visualcapitalist.com/visualizing-the-105-trillion-world-economy-in-one-chart/

(Welcome to read thgis, but really best to view it at the citation.)

(Will Russia ever again get a leader who actually wants to help
the lives of Russians??)

------------------------------

They have had a few, and killed them.
https://www.britannica.com/biography/Alexander-II-emperor-of-Russia

The final Tsar tried to promote world peace.
https://ihl-databases.icrc.org/en/ihl-treaties/hague-finact-1899?activeTab=historical

Sainthood:
https://en.wikipedia.org/wiki/Canonization_of_the_Romanovs

On 5/8/24 15:34, Jim Wilkins wrote:
> "a425couple"  wrote in message news:YGS_N.71248$Fmd1.59678@fx13.iad...
>
> from
> https://www.visualcapitalist.com/visualizing-the-105-trillion-world-economy-in-one-chart/
>
> (Welcome to read thgis, but really best to view it at the citation.)
>
> (Will Russia ever again get a leader who actually wants to help
> the lives of Russians??)
>
> ------------------------------
>
> They have had a few, and killed them.
> https://www.britannica.com/biography/Alexander-II-emperor-of-Russia
>
> The final Tsar tried to promote world peace.
> https://ihl-databases.icrc.org/en/ihl-treaties/hague-finact-1899?activeTab=historical
>
> Sainthood:
> https://en.wikipedia.org/wiki/Canonization_of_the_Romanovs
>
I thought this went out over a week ago, but guess that
sending failed. Try again.

I tend to remember that:
Presidents of Russia (1991–present)
Boris Yeltsin (July 10, 1991 — December 31, 1999)
gave it a pretty good shot.

https://en.wikipedia.org/wiki/Boris_Yeltsin
1 February 1931 – 23 April 2007) was a Soviet and Russian politician
who served as President of Russia from 1991 to 1999. He was a member of
the Communist Party of the Soviet Union from 1961 to 1990. He later
stood as a political independent, during which time he was viewed as
being ideologically aligned with liberalism.
Yeltsin was initially a supporter of the perestroika reforms of Soviet
leader Mikhail Gorbachev. He later criticized the reforms as being too
moderate, and called for a transition to a multi-party representative
democracy. In 1987 he was the first person to resign from the Politburo
of the Communist Party of the Soviet Union, which established his
popularity as an anti-establishment figure. In 1990, he was elected
chair of the Russian Supreme Soviet and in 1991 was elected president of
the Russian Soviet Federative Socialist Republic (RSFSR), becoming the
first popularly-elected head of state in Russian history. Yeltsin allied
with various non-Russian nationalist leaders, and was instrumental in
the formal dissolution of the Soviet Union in December of that year.
With the dissolution of the Soviet Union, the RSFSR became the Russian
Federation, an independent state. Through that transition, Yeltsin
remained in office as president. He was later reelected in the 1996
election, which was claimed by critics to be pervasively corrupt.

He transformed Russia's command economy into a capitalist market economy
by implementing economic shock therapy, market exchange rate of the
ruble, nationwide privatization, and lifting of price controls. Economic
downturn, volatility and inflation ensued.

On 16 September 1989, Yeltsin toured a medium-sized grocery store
(Randalls) in Texas.[94] Leon Aron, quoting a Yeltsin associate, wrote
in his 2000 biography, Yeltsin, A Revolutionary Life (St. Martin's
Press): "For a long time, on the plane to Miami, he sat motionless, his
head in his hands. 'What have they done to our poor people?' he said
after a long silence."

"a425couple" wrote in message news:UKS1O.39501$1f72.1720@fx16.iad...
....
On 16 September 1989, Yeltsin toured a medium-sized grocery store
(Randalls) in Texas.[94] Leon Aron, quoting a Yeltsin associate, wrote
in his 2000 biography, Yeltsin, A Revolutionary Life (St. Martin's
Press): "For a long time, on the plane to Miami, he sat motionless, his
head in his hands. 'What have they done to our poor people?' he said
after a long silence."

-------------------------

Viktor Belenko the MiG-25 pilot believed the well stocked stores he was
shown around DC had been set up temporarily to impress him, as was done for
foreign VIPs in the USSR and had been at least since Prince Potemkin set up
fake prosperous "Potemkin villages" along Catherine the Great's route
through the territory he administered.