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Global GDP & Population

Posted by nexvucapital on December 10, 2012

Today we are going to take a brief look at Global GDP. Charts 1 & 2 demonstrate how prior to industrialization, a region/country’s contribution to Global GDP was generally correlated to a region/country’s contribution to Global Population. In the Pre-Industrialized world, China and India combined for plus 50% of Global GDP and and plus 50% of Global Population. The recent industrialization of China and India is now increasing their relative contribution to Global GDP.

Global GDP Global Population

Chart3 shows how Global GDP has grown much faster than Global Population since the onset of industrialization and in the mid 20th Century went parabolic. Until recently, most of this growth in Global GDP could be attributed to the United States, Western Europe and Japan.

yates_figure_c

The following Table shows the Top20 Countries in the World by 2011 GDP. We have added Population, Employment as a Percentage of Population, Number of Employed and GDP per Employee. The average GDP per Employee in the Top20 is +$41,000. China comes in at +$14,500 and India is at +$9,000. China and India make up over 50% of the Employed in the Top20. Should these countries achieve the average GDP per Employee with no further increase in population they would add ~$40 Trillion to Global GDP.

GDP Rank    Country (2011)   Population (Billions) Employment Percentage of Population Employed  (Millions) GDP   (Billions) GDP per Employee
1  United States
          0.315 66.6%       209.72 15,094.03            71,971
2  China
 
     
 
          1.347 56.7%       764.20 11,299.97            14,787
3  India
 
     
 
          1.210 40.3%       487.60 4,457.78             9,142
4  Japan
          0.128 70.3%        89.67 4,440.38            49,522
5  Germany
          0.082 72.6%        59.44 3,099.08            52,137
6  Russia
          0.143 67.8%        97.16 2,383.40            24,531
7  Brazil
          0.194 67.6%       131.11 2,294.24            17,499
8  United Kingdom
          0.062 70.4%        43.83 2,260.80            51,578
9  France
          0.065 63.8%        41.69 2,217.90            53,196
10  Mexico
          0.112 59.8%        67.18 1,661.64            24,735
11  South Korea
          0.050 63.9%        31.95 1,554.15            48,639
12  Italy
          0.061 56.9%        34.63 1,846.95            53,333
13  Indonesia
          0.238 49.4%       117.40 1,124.65             9,580
14  Canada
          0.035 71.5%        25.03 1,396.13            55,788
15  Spain
          0.046 58.5%        27.01 1,413.47            52,340
16  Turkey
          0.075 48.4%        36.17 1,073.57            29,684
17  Taiwan
          0.023 48.1%        11.20 876.035            78,217
18  Australia
          0.023 72.7%        16.60 914.482            55,087
19  Iran
          0.075 35.1%        26.37 990.219            37,551
20  Poland
          0.039 59.7%        23.01 771.658            33,539
60.0%    2,340.96 61,170.53         41,143   
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