Visual Capitalist January 14, 2021
The Briefing
- The U.S. share of the global economy has nearly halved since 1960
- America’s nominal GDP in current U.S. dollars is $21.4 trillion, or about 24% of the share of the global economy
The World’s Largest Economy
The U.S. is the world’s largest economy by nominal GDP, and its influence on the global economy is quite remarkable.
As of 2019, the U.S. made up almost a quarter of the global economy. But how has America’s share of the economic pie changed over time?
The U.S. Share of the Global Economy Over Time
While the U.S. economy has grown quickly over time, the global economy has grown quicker.
Since peaking at 40% in 1960, the...