A country's Gross Domestic Product (GDP) is a general gauge of its economic health. Let's take a look at the $100 trillion global economy, all in one chart.
The global economy has now reached a new milestone by exceeding the $100 trillion threshold.
Avery Koop of Visual Capitalist previously wrote about this subject when the world's GDP was $88 trillion in 2020, then $94 trillion in 2021. As of the time of this writing, the IMF's most recent projections predict that the global economy will reach nearly $104 trillion in nominal value by the end of 2022.
The recovery that was anticipated in the post-pandemic period appears strained, despite the fact that growth is still heading upward. Global economic estimates are being lowered as a result of recent conflicts, supply chain obstructions, and the ensuing inflation.
Prior to being revised, the first estimate for 2022's global annual GDP growth was 4.4 percent; the new estimate is 3.6 percent.
Note: As of April 2022, the...