I've recently been spending more time with economists, while we're not always on the same page when it comes to the interplay with trading, I still find economics interesting.
Trump's impact on global trade and politics will also be interesting to quantify.
Take a look at the world economy divided by region (Mexico is part of Latin America for the sake of this graphic).
via howmuch
Some thoughts:
- Russia probably has the biggest disparity between GDP and land mass.
- This doesn't tell us anything about economic growth, would be interesting to compare this five years ago, and five years from now.
- Global GDP isn't zero-sum, so this circle can theoretically grow.
- Top 3 economies were the U.S., China, and then Japan (with a large drop between each economy).
- The top 4 countries account for over 50% of GDP.
It will be interesting to see the way Trump's tariffs will affect the world. There are potentially hundreds of billions in annual revenue that would be affected.
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