If a Picture is Worth 1,000 Words, a Chart is Worth…
“The times, they are a changing” sang Bob Dylan. And so is the geography of world business as evidenced by the following comparison between the world circa 2000 and today prepared by the International Monetary Fund:
Global GDP Share in 2000 | Geography | Global GDP Share in 2010 |
31% | United States | 24% |
15% | Japan | 9% |
4% | China | 9% |
8% | Other Asia | 8% |
26% | European Union | 26% |
2% | Middle East | 4% |
7% | Latin America | 7% |
8% | Others | 13% |
No real surprises as China is now the world’s second largest economy, surpassing Japan.