Analysis of World GDP (1960 - 2023)
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World GDP Growth since 1960

Showing in 5-year intervals. Data available per year.
Year:
IN1960, 1970, 1980, 1990, 2000, 2010, 2020, 2023, 2015, 2005, 1995, 1985, 1975, 1965
Year
Total GDP
Total
$4,013,498 B
14 rows × 2 columns

Data includes GDP from over 250 countries in recent years

Year:
NOT IN2024

🚨Issue Identified in 2023 World GDP Composition Data

A challenge in our analysis of global GDP composition as of 2023 is that some data points represent regions classified by the World Bank (e.g., World, OECD members) rather than individual countries. This is a frequent issue in data analysis, requiring proper data grouping and cleaning. In the next step, we will utilize Pivolx's calculated column feature to efficiently address and resolve this issue.
Year:
IN2023
Country Name
Sum of GDP
% of World GDP
Total
$875,711 B
100%
266 rows × 3 columns

World GDP Composition in 2023: Issue Resolved and Key Insights

To address the issue of regional data points in our 2023 global GDP analysis, we created a "Country Group" column based on the "Country Name" field. All region-based values were grouped under a "Regions" category and excluded via filtering, resulting in a clean dataset containing only individual countries. This process has enabled us to derive clear insights: * The total world GDP in 2023 is $105 trillion. * The top two countries, the United States and China, account for 43% of the global GDP.
Year:
IN2023
Country Group:
NOT INRegions
Country Name
Sum of GDP
% of World GDP
Total
$101,705 B
100%
218 rows × 3 columns

Are Wealthier Nations Increasing Their Share of Global Wealth?

The adage "the rich get richer, and the poor get poorer" is often cited, but does it hold true for global wealth distribution? To explore this, we analyzed the share of global GDP held by the top 10 countries with the highest GDP in 2023, comparing their collective contribution to the world's total GDP over time. These countries are the United States, China, Germany, Japan, India, United Kingdom, France, Brazil, Italy, and Canada.
Year:
IN2023, 2015, 2005, 1995, 1985, 1975, 1965, 2020, 2010, 2000, 1990, 1980, 1970, 1960
Country Group:
NOT INRegions
Index
% of World GDP
Year
Rest of the world
Top 10
Total
29%
71%
14 rows × 3 columns

World GDP Growth Over Two Decades (2003–2023)

Between 2003 and 2023, global GDP growth varied significantly among major economies. The United States saw a robust GDP increase of 142%, adding $16 trillion to its economy, reaching a total of $27.4 trillion by 2023. China, however, experienced a remarkable 972% growth, also adding $16 trillion, growing from a 2003 base of $1.6 trillion to $17.6 trillion. While both nations added the same absolute amount to their GDP, China’s percentage growth is notably higher due to its lower starting point in 2003. In contrast, Japan was the only major economy to experience a decline, with its GDP contracting by 7% over the same period.
Year:
IN2023, 2013, 2003
Country Name:
NOT INWorld, High income, OECD members, Post-demographic dividend, IDA & IBRD total, IBRD only, Low & middle income, Middle income, East Asia & Pacific, North America, Upper middle income, Late-demographic dividend, Europe & Central Asia, East Asia & Pacific (excluding high income), East Asia & Pacific (IDA & IBRD countries), European Union, Euro area, Early-demographic dividend, Lower middle income, Latin America & Caribbean, Latin America & the Caribbean (IDA & IBRD countries), Latin America & Caribbean (excluding high income), Europe & Central Asia (IDA & IBRD countries), South Asia, South Asia (IDA & IBRD), Middle East & North Africa, Arab World, IDA total, Central Europe and the Baltics, Europe & Central Asia (excluding high income), Sub-Saharan Africa, Sub-Saharan Africa (IDA & IBRD countries), Sub-Saharan Africa (excluding high income), Fragile and conflict affected situations, IDA only, Middle East & North Africa (excluding high income), Middle East & North Africa (IDA & IBRD countries), Pre-demographic dividend, Least developed countries: UN classification, Africa Eastern and Southern, Heavily indebted poor countries (HIPC), IDA blend, Africa Western and Central, Other small states, Small states
Index
Sum of GDP
GDP Growth Since 2003
% GDP Growth Since 2003
Country Name
2003
2013
2023
2003
2013
2023
2003
2013
2023
Total
$39,008 B
$77,777 B
$105,493 B
$0 B
$38,769 B
$66,484 B
0%
99%
170%
221 rows × 10 columns

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