18 Jul

Top 10 countries by GDP from 1980-2021(Updated)

Top 10 countries by GDP from 1980-2021

We all heard about the term GDP several times in our life. Most of us exactly know about the term Gross Domestic Product but some are confused. Here is the video of top countries by GDP in the world from 1980-2021. The coming year’s “GDP” “2021” is predicted by well-known economists. With the rise of the covid19 pandemic, every country has faced problems with economies. Top developed countries like the USA, UK, Italy have faced the negative growth rate of GDP in the year 2020. The year 2020 has affected the whole world including developed, underdeveloped, and developing countries. The different phases of economic cycles toss different economies around the globe. However, it’s interesting to see that these top economies don’t budge easily from the positions which they hold. If we compare the top 20 economies of 1980, 17 are still present in the list, it shows that three are the new entrants. This data visualization of top countries by GDP from 1980 to 2021 will provide a new perspective towards the growth of these 3 countries. Guess these new 3 countries and comment in the section. Additionally, the key players remaining the same, this visualization reveals that these economies are the engine of growth, commanding a majority of the global wealth. One more fact is that “The GDP of the top 10 countries adds up to 66% of the world economy, while these 20 countries with top economic growth throughout the 4 decades contribute to 79% of the world’s economy. The remaining countries(173) together constitute only one-fourth to the worldwide economy.

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