World output
Source: Bloomberg

 

 

G-20 economies account for almost 90 percent of global output.

The G-20 is meeting in Moscow today. The chart above shows the contributions to total global output from some of its members.

Category: Digital Media, Economy

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15 Responses to “G20 Contribution to World Output (by Nation)”

  1. SecondLook says:

    It’s a little amusing that this data is always presented in aggregate (total output per country), with never a per capita graph being pushed out.

    Perhaps because if that done, it would show that the U.S. contribution would be about average, on a personal basis.
    We are important, no more and no less, because we have a highly developed economy, like Europe and Japan, and we have a huge population – one thing that Americans tend to forget, or don’t quite get, is that we are the 3rd most populous nation in the world, after China and India. About 2.5 times more than Japan, almost quadruple the size of Germany, and so on.
    Our sheer size, in both population and geography, is, arguably, the main reason we became so dominant. Not our technological innovations, not our entrepreneurship, not our civil liberties, but mostly because there are a lot of us, and happen to own a massive chunk of the best real estate on the planet.

    • per Capita is a great idea — send me the link when you finish the work doing that!

      Thanks!

    • BillG says:

      There’s plenty of places to get this information on a per capita basis if that’s what you’re after. If you’re looking for whose citizens are most productive then that’s probably what you want – though you need to keep in mind that a lot of the countries on the top of those lists are there simply because of oil. This chart shows the distribution of world productivity – which in itself is an interesting topic. The 4% of the world that lives in the US produces 21% of what the world produces. That’s pretty skewed.

    • Chad says:

      The US has 4.46% of the worlds population, but 21% of global output.
      Germany with 1.15% of the population produces 5%.
      Japan with 1.79% of the population produces 8%.

      All are very similar, but the US still has the per capita advantage. I won’t even put down India’s or China’s percentages for a rough per capita idea, as it won’t even be close.

      Also, let’s note that the US has a large population (4.46%) when compared to everyone but India (17.06%) and China (19.08). In population size there is really just China and India, and then everyone else considering even India is 4 times the size of the US.

      Yes, the geography and population size of the US helped, but it’s hardly the only reason.

    • Chad says:

      Oh, and the US completely rebuilt both Japan and Germany about 60-65 years ago and then prevented a country with a larger geography from taking over West Germany and most of Europe…at the least.

      We get a lot of shit wrong, but not that.

  2. Gestalt says:

    China strangely is missing from the above graphic. What exactly constitutes output?

  3. constantnormal says:

    I have trouble wrapping my mind around tiny Italy contributing as much output as resource-rich Russia and Canada … does the world consume THAT many Fiats?

  4. OldNotWise says:

    Like the chart but it sure looks like a G8 chart, not a G20 chart. A G20 version would be even more interesting.

  5. TerryC says:

    Got this data from the CIA World Factbook:
    https://www.cia.gov/library/publications/the-world-factbook//rankorder/2004rank.html

    RANK COUNTRY GDP – PER CAPITA (PPP) DATE OF INFORMATION

    1 Qatar
    $ 103,900 2012 est.

    2 Liechtenstein
    $ 89,400 2009 est.

    3 Bermuda
    $ 86,000 2011 est.

    4 Macau
    $ 82,400 2011 est.

    5 Luxembourg
    $ 81,100 2012 est.

    6 Monaco
    $ 70,700 2011

    7 Singapore
    $ 61,400 2012 est.

    8 Jersey
    $ 57,000 2005 est.

    9 Norway
    $ 55,900 2012 est.

    10 Falkland Islands (Islas Malvinas)
    $ 55,400 2002 est.

    11 Brunei
    $ 55,300 2012 est.

    12 Isle of Man
    $ 53,800 2007 est.

    13 Hong Kong
    $ 52,300 2012 est.

    14 United States
    $ 50,700 2012 est.

    15 United Arab Emirates
    $ 49,800 2012 est.

    16 Switzerland
    $ 46,200 2012 est.

    17 Guernsey
    $ 44,600 2005

    18 Cayman Islands
    $ 43,800 2004 est.

    19 Canada
    $ 43,400 2012 est.

    20 Australia
    $ 43,300 2012 est.

    21 Austria
    $ 43,100 2012 est.

    22 Gibraltar
    $ 43,000 2006 est.

    23 Netherlands
    $ 42,900 2012 est.

    24 Ireland
    $ 42,600 2012 est.

    25 British Virgin Islands
    $ 42,300 2010 est.

    26 Sweden
    $ 41,900 2012 est.

    27 Kuwait
    $ 40,500 2012 est.

    28 Iceland
    $ 39,900 2012 est.

    29 Germany
    $ 39,700 2012 est.

    30 Taiwan
    $ 39,400 2012 est.

    Like Gestalt said, I’m not sure what exactly constitutes “output” either.

  6. murthy says:

    Reflects higher consumption at higher prices?

  7. chirodok says:

    It looks weird to me. China has a greater GDP than Japan:

    http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

  8. constantnormal says:

    some post-2008 data:

    http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

    http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita

    The PPP (Purchasing Power Parity) numbers represent an adjustment due to the differences in what a USD will buy, for a variety of reasons, and is probably the data to look at for this exercise, YMMV.

    For those unwilling to click through to the lists, the US ($50K) weighs in at #6 (out of 187) in the IMF 2012 data, in the middle of a gaggle of nations with per capita GDP numbers ranging from $41K (Sweden) to $60K (Singapore), that includes Ireland ($42K), Australia ($43K), Canada ($43K), UAE ($49K), Hong Kong ($51K), Norway ($55K).

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