Thought for the day

Asia

Now Larger than Africa, the Americas & Europe Combined


 
Last updated: 26 July 2024
 
Asia has become the dominant commercial power in the world. Its share of global GDP, at 54.4%, is significantly larger than that of Africa, the Americas, and Europe combined.

Gross Domestic Product (GDP)
GDP PPP, Int$, 2021 Constant Prices.
Asia



Asia's share of Global GDP growth over the past decade is even more startling, at 69.9% of the total, compared with 6.9% for Africa, 9.4% for Europe and 13.9% for the Americas.

Share of Global GDP Growth
GDP PPP, Int$, 2021 Constant Prices, 2013-2023
Share of Global GDP Growth


Note on the data
World Economics calculates GDP using World Bank data as a base, in Purchasing Power Parity terms, and adds estimates for the Informal Economy, and for countries using outdated Base Years. Read more...

Since the Russian invasion of Ukraine, and Russia's economic pivot to the east, Russia is counted as an Asian country.

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