The Biggest Drivers of Global GDP (1980-2024)

What we’re showing

This chart shows the world’s top six economies by their % share of global GDP from 1980 to 2024F. These figures were sourced from the IMF’s World Economic Outlook (April 2024) and are based on current prices.

Ups & downs

• After declining throughout the 2000s, the U.S. has grown its share of global GDP from 21.1% in 2011, to 26.3% for 2024 (forecasted).
• The EU’s share of global GDP declined significantly as China’s economy began its rapid ascent.
• Japan was once the second largest country economy after the U.S., but economic stagnation and an aging population has shrunk its share.