Here’s a visual snapshot—an infographic showcasing the evolving shares of the world’s top economies in global GDP from around 2011 to forecasted figures for 2024.
Global GDP Overview (Last 10 Years)
1. Total Global GDP (Nominal)
- In 2020, world GDP dropped to approximately $85.8 trillion USD, down from about $88–90 trillion in 2019—largely due to the COVID-19 downturn (Macrotrends).
- It rebounded to around $97.85 trillion in 2021, then modestly increased to $100 trillion in 2022 (Macrotrends).
- 2023 saw essentially no growth—world GDP remained at about $100 trillion (Macrotrends).
- The Federal Reserve of St. Louis (FRED) cites a figure of approximately $111.3 trillion USD for 2024 (FRED).
2. Annual Global GDP Growth Rates
- 2020: GDP contracted by around -2.9% (Macrotrends).
- 2021: Experienced a strong rebound with growth in the vicinity of 6.35% (Macrotrends).
- 2022: Growth slowed to roughly 3.24% (Macrotrends).
- 2023–2024: Further moderation, with growth at around 2.8–3.2%. Trading Economics reports 3.2% for 2024, up from 2.8% in 2023 (Trading Economics).
3. Real (Inflation-Adjusted) Growth Projections
- The IMF forecasts 3.5% global real GDP growth for 2022, dropping to around 3.0% for 2023–2024 (IMF).
- In April 2025, IMF projects real GDP growth of 2.8% for the world, with emerging and developing economies at 3.7% and advanced economies at 1.4% (IMF).
4. Shifts in Global Economic Leadership
- From the infographic: The U.S. share of global GDP has risen from about 21.1% in 2011 to around 26.3% in 2024 (forecast) .
- Meanwhile, China’s share has expanded, while the EU and Japan have seen declines, illustrating a significant shift in global economic weight toward the U.S. and China .
Summary Table
| Year | Global GDP (Nominal) | Annual Growth Rate | Real Growth (Forecast) |
|---|---|---|---|
| 2020 | ~$85.8T | ~–2.9% | — |
| 2021 | ~$97.85T | ~6.35% | — |
| 2022 | ~$100T | ~3.24% | — |
| 2023 | ~$100T | ~2.8% | ~3.0% (IMF forecast) |
| 2024 | ~$111T (Fed estimate) | ~3.2% | ~3.0% (IMF forecast) |