Automobile manufacturers shipped 88 million cars in 2016. Tesla shipped 76,000. Yet Wall Street values Tesla higher than any other U.S. car manufacturer. What explains this more than 1,000 to 1 discrepancy in valuation? The future. — Too many people compare Tesla to what already exists and that’s a mistake. Tesla is not another car […]
Few experiences can give a sense of freedom and adventure as deep as a summer hiking trip. Between June and August, most of us also have more time for what… Read More The post World’s Best Hikes: Summer Hiking Trails appeared first on Justraveling.
The above charts come from the website The World in Data, and more specifically Max Roser’s piece.
I am sure you have all seen past attempts to represent the world as it is now if it were 100 people.
But tracing that group over 2 centuries achieves something completely different. It really does put our moment in history in perspective, in a manner that has the potential to get us to rethink our fears, our despair, and other things that make things worse when the overall trend is in a positive direction.
- The Asian bloc clearly has a larger share than anywhere else, representing just over a third (33.84%) of global GDP.
- That’s compared to North America, which represents just over a quarter, at 27.95%.
- Europe comes third with just over one-fifth of global GDP (21.37%).
- Together, these three blocs generate more than four-fifths (83.16%) of the world’s total output.
Some other interesting insights
- The economy of the United States is the largest in the world. At $18 trillion, it represents a quarter share of the global economy (24.3%). The economy of the United States is larger than the combined economies of numbers three to 10 on the list.
- China follows, with $11 trillion, or 14.8% of the world economy. Although China trails the US by $7 trillion, it’s catching up. China’s economy grew by 6.7% in 2016, compared with America’s 1.6%, according to the IMF. China has also overtaken India as the fastest-growing large economy. The IMF’s World Economic Outlook estimated China’s economy grew at 6.7% in 2016, compared with India’s 6.6%.
- Japan is in third place with an economy of $4.4 trillion, which represents almost 6% of the world economy.
- European countries take the next three places on the list: Germany in fourth position, with a $3.3 trillion economy; the United Kingdom in fifth with $2.9 trillion; and France in sixth with $2.4 trillion
- India is in seventh place with $2 trillion
- Italy in eighth with an economy of over $1.8 trillion.
- Ninth place goes to Brazil, with an almost $1.8 trillion economy. Brazil’s economy has contracted in the last year by 3.5%, the only one in the top 10 to do so.
- In 10th is Canada, with an economy of over $1.5 trillion.
What are the biggest economies by 2050 ?
- A new study by PricewaterhouseCooper says that China will be in first place by 2050, because emerging economies will continue to grow faster than advanced ones.
- India will rank second, the US will be third, and fourth place is expected to go to Indonesia.
- The UK could be down to 10th place by 2050, while France could be out of the top 10 and Italy out of the top 20 as they are overtaken by faster-growing emerging economies such as Mexico, Turkey and Vietnam.
- The report also says that the world economy could more than double in size by 2050, far outstripping population growth, due to technology-driven productivity.
Source : Weforum.org
14ymedio, Generation Y, Yoani Sanchez, 29 December 2016 – My generation knows no good news. We grew up with the grey subsidies of the rationed market, we reached puberty amid the rigors of the Special Period, we raised our children in a country with two currencies, and now they warn us that times of economic stress are coming. It appears there is no respite from this long sequence of disasters, collapses and cuts that we have suffered for decades.
This December the National Assembly of People’s Power acknowledged the negative numbers that reality made clear long ago: Cuba is not growing, production is not recovering, and the so-call Raulist reforms have not given citizens a better life. The island is heading toward the abyss…
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