Visualizing Growth

                                                - Saran

Developed in: R [tidyverse, ggplot2, and treemap]

Rendered using: Quarto

Hosted on: GitHub Pages.

Data source: IMF’s World Economic Outlook, Oct 2023

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Data Definitions & Key Words:

GDP: Gross Domestic Product, measures the total value of goods and services produced in a country within a specific time frame, indicating its economic size and activity.

Per-Capita GDP: is the average economic output per person in a country, showing individual wealth on average, basically dividing GDP by population.

Purchase Power Parity: adjusts GDP for cost of living differences, reflecting real purchasing power across countries.

Inflation: is the increase in prices of goods and services over time, reducing the purchasing power of money.

Which countries contributed most to World’s GDP in 2022? And is that all matters?

Country’s share in global GDP growth, 2022

21^st Century saw US sustain its dominance, while emerging Asian powerhouses China and India surge

Countries ranked by GDP size

What is their populations? If each country looks so different, is it right to compare by their GDP alone?

Population trends over the past 2 decades, and current standing

Beyond sheer GDP numbers, economic prosperity requires a look at per-capita incomes

Tracking top 10 countries on per-capita GDP, A comparison among peers

Not all countries have had the same trajectory in Inflation, so is it right to compare countries based on GDP?

Inflation across countries (% change)

A complex yet compelling story - China’s ascendancy in Purchasing Power Parity as it surpasses even US

Plotting the comparative growth of Economies

Hello! World. Meet the actual real big economies

Standings on Purchase Power Parity Terms, 2022

Thank You!