Visualization and commentary courtesy of HowMuch.net
“2020 marks the start of the first decade where the US does not have the largest economy in the world ($22.32T),” says How Much. “First place belongs to China by a long shot ($29.47T). Before this decade, the US consistently had the largest economy in the world for the last 40 years, growing from $2.86T in 1980 to a projected $23.18T next year. Over the last few decades, many Asian countries have seen their economies grow significantly, including China ($29.47T), India ($12.36T), Japan ($5.89T) and Indonesia ($4.01T). Asian countries reached the top of the rankings, and Western European countries declined. Italy is no longer in the top 10, and Germany, France and the U.K. have all fallen further down the ranking.”
