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Global GDP: Visualizing the $105 Trillion World Economy in One Chart

Half the globe is now middle class. Middle-class prosperity has risen around the world. Every year, over 100 million people enter the global middle class. But the expectation of ever-expanding economic growth comes with social and environmental costs. The first billion came out of a century and a half of industrialization, technological innovation, and capitalist growth in the West between 1830 and 1975. The second billion took shape over the next three decades of growth in East Asia and Latin America and the globalization of trade and free-market economic policies. China’s “economic miracle” between 2006 and 2014 largely explains the third billion. The fourth and most recent billion was driven by economic liberalization and urbanization in India, especially in the last 10 years. The global middle-class, defined as adults whose assets amount to between $10,000 to $100,000, more than tripled to 1.7 billion in mid-2020 from just 507 million in 2000. The growing middle class points to the enhancement of life standards and an increase in purchasing power by consumers. Other factors by which middle-class status can be defined include educational and professional achievement, political attitudes and participation, lifestyles, cultural values, or simply self-identification. In a market-driven economy, the middle-class consumer segment is considered the backbone of both the market and the economy.

Global GDP: Visualizing the $105 Trillion World Economy in One Chart.

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

Worldwide net private wealth stood at $454.4 trillion in 2022. The highest wealth rung controls $208.3 trillion in wealth, or 45.8% of the global total. Just 1.1% of the world adult population fall in this bracket. Those with $100,000 to $1 million have the next greatest share, at 39.4% of net household wealth.

https://www.visualcapitalist.com/global-wealth-distribution/#google_vignette

ECONOMY: 113 Million People Will Join the Global Middle Class in 2024.  

https://www.visualcapitalist.com/113-million-people-middle-class-2024/#:~:text=Where%20are%20Millions%20of%20New,regional%20level%20(figures%20rounded).

India and China will add around 30 million people to the middle class in each country.

General Assembly approves $3.59 billion UN budget for 2024

G7 pledges to invest $600 billion into infrastructure for developing countries

Enlargement of the European Union 

The European Union (EU) has expanded a number of times throughout its history by way of the accession of new member states to the Union from 6 to 27 members, a further 22 countries have since joined the EU, including a historic expansion in 2004 marking the re-unification of Europe after decades of division.

G7 $600 billion infrastructure program

https://www.npr.org/2022/06/26/1107701371/biden-announced-a-600-billion-global-infrastructure-program-to-counter-chinas-cl?fbclid=IwAR33dvl34WlLz3RISCmJZy6dM830eEalw9Nq8xx5_DGGY6sAiRzQhHTbslw&mibextid=Zxz2cZ

Benefits of free trade
https://www.visualcapitalist.com/sp/global-trade-series-the-benefits-of-free-trade/?fbclid=IwAR1XtZWh6ysk5STnnWfSoi6hPxak6aWaVJnzZWihuXbKKy3JBVqoAMeVnVM&mibextid=Zxz2cZ

RCEP - Asian Free Trade Agreement. RCEP more than makes up for this in volume. RCEP more than makes up for this in volume. Encompassing around 2.3 billion people and a combined GDP of about US$29 trillion, RCEP is the world’s largest free trade agreement and accounts for approximately 30 per cent of global population and GDP.

APEC 21 member economies are home to around 2.95 billion people and represent approximately 62 percent of world GDP and 48 percent of world trade in 2021. As a result of APEC's work, growth has soared in the region, with real GDP increasing from USD 19 trillion in 1989 to USD 52.8 trillion in 2021. USD 63 trillion on 2023.

Sovereign wealth fund
https://www.visualcapitalist.com/visualizing-the-worlds-largest-sovereign-wealth-funds

How much gold is in the world

https://www.visualcapitalist.com/sp/chart-how-much-gold-is-in-the-world

Uganda says exploration results show it has 31 million tonnes of gold ore. Uganda's discovery of nearly 31 million tonnes of gold deposits worth approximately 12 Trillion USD, could be an economic game-changer.

Gold Rush in The Congo: Mountain Where Soil Is ‘90% Gold’ Discovered Causing Big Gold Rush.

North America has 777 billionaires. Europe has 536 billionaires. Asia has over 950 billionaires, outnumbering all other regions. Rich Asians are becoming more common, particularly in China and India. China with 440. India has 161. The ten member states of the Association of Southeast Asian Nations have a total of 114 billionaires, while Taiwan has 45, South Korea 28 and Japan 27.

Cities With the Most Millionaires in the World

https://www.visualcapitalist.com/cities-most-millionaires/

The number of Americans with $1 million or more in investible assets surged to a record 14.6 million in 2021 

US Cities with highest economic output

https://www.visualcapitalist.com/3d-map-the-u-s-cities-with-the-highest-economic-output/

U.S. Stock Market Hits Record High as Dow Jones Closes Over 37,000 for the First Time 

Democracy: Today, the majority (56 in 100) can say they live in a country with free and fair elections. Asian Democracy: Taiwan, Japan, South Korea, Malaysia, India, Philippines, Mongolia, Indonesia, Sri Lanka, Thailand, Singapore.

Civilization runs on steel, plastic, cement, ammonia 

https://reason.com/2022/05/25/civilization-runs-on-ammonia-plastic-steel-and-cement-for-now/?amp&fbclid=IwAR3VC7c7UTP3_XsavNZ_goCoapf4TJyaXh9yEXsS32DpsMr1QSUKnhS6N7Q&mibextid=Zxz2cZ

World economic forum 50 life saving breakthroughs 

https://www.weforum.org/agenda/2018/03/the-50-most-important-life-saving-breakthroughs-in-history/

These discoveries saved billions of lives

Vaccines - 1B

Green revolution - 1B

Blood transfusions - 1B

Synthetic fertilization - 1B

Toilets - 1B

Pasteurization - 250M

Antibiotics - 200M

Water chlorination- 175M

Bifurcated needle - 130M

Anesthesia - 50M

Vaccination: Today around 86% of people globally are vaccinated against these basic and devastating illnesses.

Global Greenhouse Gas Emissions Estimated to Fall by 8% in 2020—the Largest Recorded Drop in History

41 States Have Reduced Their Carbon Emissions While Growing Their Economies

Trillions of Dollars Now Being Leveraged to Protect the Earth, Thanks to World’s Largest Asset Manager

Engineers Shatter Fiber Optic Speed Record at 22.9 Petabits Per Second

https://www.extremetech.com/internet/engineers-shatter-fiber-optic-speed-record-at-229-petabits-per-second#:~:text=Engineers%20in%20Japan%20have%20created,all%20global%20internet%20traffic%20collectively.

Global Public Debt:

$97 Trillion of Global Debt in 2023

https://www.visualcapitalist.com/97-trillion-of-global-debt-in-2023/

UN warns of soaring global public debt: a record $92 trillion in 2022.

$69 Trillion of World Debt in 2019

https://www.visualcapitalist.com/69-trillion-of-world-debt-in-one-infographic/

U.S. national debt hits $33 trillion

China lifted 800 million people out of poverty.  In 1990 there were more than 750 million people in China living below the international poverty line - about two-thirds of the population.  By 2012, that had fallen to fewer than 90 million, and by 2016 - the most recent year for which World Bank figures are available - it had fallen to 7.2 million people (0.5% of the population).

India lifted 415 million out of poverty in 15 years, says UN. In a "historical change" for India, 415 million people exited multidimensional poverty in the country in 15 years between 2005-06 and 2019-21.  During this period, the incidence of poverty fell from 55.1% of our population to 16.4% in 2019-21, as per the latest Multidimensional Poverty Index (MPI) compiled jointly by the UN Development Programme (UNDP).

American poverty rate has declined by 90% since 1960, from 30% of the population to just 3%.

The minimum wage is going up in 22 states on Jan. 1, 2024. More states are requiring a $15 an hour minimum wage — including New York, Maryland, and New Mexico — a dozen years after Fight for $15 kicked off its campaign. The last time the federal minimum wage ($7.25) was increased was in 2009, 20 states will keep $7.25 minimum wage.

Vox good news in charts world is getting better

Poverty down

Basic education up

Literacy up

Democracy up

Vaccination up

Child mortality down

The world’s nuclear stockpiles have been reduced by 85% since the Cold War.

https://www.vox.com/platform/amp/2014/11/24/7272929/global-poverty-health-crime-literacy-good-news?fbclid=IwAR09jH2iTtkrxtVt2hXertFY3bogatz_Z4COqVfSHp0TmVqkb_cepmBJ2A4

World is getting better

https://awealthofcommonsense.com/2018/04/50-ways-the-world-is-getting-better/

World is getting better

Poverty down

Basic education up

Literacy up

Democracy up

Vaccination up

Child mortality down

http://www.visualcapitalist.com/6-charts-show-world-improving

Visualizing $156 Trillion in U.S. Assets, by Generation

https://www.visualcapitalist.com/us-wealth-by-generation/#google_vignette 

U.S. household wealth rebounded to $147.7 trillion. 

Great wealth transfer $72 Trillion Wealth 

Transfer Accelerates. Baby Boomers, the generation of people born between 1944 and 1964, are expected to transfer trillions in wealth to younger generations over the next many years.

Companies in the trillions

https://www.visualcapitalist.com/which-companies-belong-to-the-elite-trillion-dollar-club/

The 100 biggest companies in the world were worth a record-breaking $31.7 trillion as of March 31 2021 

https://www.visualcapitalist.com/which-companies-belong-to-the-elite-trillion-dollar-club/

The Trillion Dollar Club of Asset Managers

https://www.visualcapitalist.com/chart-trillion-dollar-club/

Black rock top 25

https://www.visualcapitalist.com/blackrocks-top-equity-holdings-2023/

Biden administration touts $1 trillion infrastructure bill it also funds public lands, clean water and electric grid projects.

Half a Million Jobs Created in January Pushes U.S. Unemployment Rate to Lowest in 54 Years – 3.4%

Housing Debt

Build Back Better includes $170 billion for affordable housing

Student Loan Debt

How Millions of Borrowers Got $127 Billion in Student Loans Canceled for nearly 3.6 million Americans.

Debt Collective: Through our debt abolition debt buying process, we’ve abolished $31,982,455.76 in student loan existing debt.

Medical Debt

RIP medical debt: Together they have relieved over 10 billion in medical debt for over 7 million families. 

Electric Vehicle Sales by Model in 2023

https://www.visualcapitalist.com/electric-vehicle-sales-by-model-2023/

The unit volume of global EV sales is set to 10.5 million in 2022. The unit volume of global 

EV sales is set to 6,809,322 in 2021.

Visualizing 25 Years of Lithium Production, by Country

https://www.visualcapitalist.com/visualizing-25-years-of-lithium-production-by-country/

Slumbering U.S. Supervolcano Holds $1.5 Trillion Worth Of Lithium. Geologists believe they have uncovered the world's largest lithium deposit within an ancient supervolcano straddling the Nevada-Oregon border. Up to 40 million metric tons of the precious metal — worth about $1.5 trillion — have been identified throughout a 28-mile-long stretch of the McDermitt Caldera.

Salton Sea area could produce enough lithium for 375 million electric car batteries. The Salton Sea lithium deposit is estimated to be worth approximately $540 billion based on current market prices for lithium.

The Geological Survey of India discovered a new lithium deposit containing 5.9 million tonnes of inferred lithium resources in the country's Salal-Haimana area of the Reasi District of Jammu and Kashmir, the Indian government said on Thursday February 9.

The United States is producing more oil than any country in history. The United States is set to produce a global record of 13.3 million barrels per day of crude.

Major religions of the world mapped 

https://www.visualcapitalist.com/mapped-major-religions-of-the-world/?fbclid=IwAR08axB8wfW_5zNASUigVjP8Kah41J_AKRMv86ku-HEbBU9dmNlMVcXKP30

7 encouraging trends of global Christianity in 2022.  

Religious faith is growing faster than the irreligious.

Christianity continues to grow.

2.56 billion people will identify as a Christian by the middle of 2022.

Africa has 631 million Christians currently reside in Africa and they make up 45 percent of the population.

Latin America is, meanwhile, estimated to have 601 million Christians, they make up the majority of the continent at 92 percent.

Europe at 571 million, making up 77 percent of the population.

Asia has 383 million Christians in Asia.

Philippines are at 90 percent Christian.

North America is fifth with 277 million Christians who make up 76 percent of the continent's population.

Oceania has 29 million Christians, which accounts for 71 percent of the people living there.

Growth is fastest in the global South.

In 2000, 814 million Christians lived in Europe and North America, while 660 million Christians called African and Asia home. This year, 838 million live in the global North, while almost 1.1 billion Christians live in Africa and Asia alone.

Christianity continues to spread out.

The percentage of non-Christians who know a Christian is climbing.

More than 90 million Bibles will be printed this year.

Over 300 million Bible portions distributed worldwide in 2019.  A quarter of the Bibles distributed were in a digital format. 

Currently, almost 1.8 billion Bibles are in circulation around the world. 


Siena Galaxy Altas: Astronomers have created a cosmic atlas of 400,000 galaxies found in the neighbourhood of our Milky Way galaxy to understand the universe better. 

Never underestimate the difference you made and the lives that you touched.  May you be proud of the work you do, the person you are, and the difference you make.