Acton Institute Powerblog

Here’s a fascinating visualization of the growth of the world’s 10 largest economies

Share this article:
Join the Discussion:

Free weekly Acton Newsletter

GDP (i.e., gross domestic product) is the market value of all finished goods and services, produced within a country in a year. When people talk about how “the economy” is doing they are usually referring to GDP.

GDP isn’t the most important thing in life, but it is an important measure of our standard of living, helps us know if we’re ‘better off’ than before, and is correlated with many of the non-monetary improvements that contribute to human flourishing.

Recently, Jaime Albella created an animation that charts how GDP has changed over the last 57 years for the world’s 10 largest economies. The effect of watching the changes is hypnotic.

What’s most encouraging about this video is that it represents millions of people being lifted out of extreme poverty in—from the perspective of human history—a very short span of time.

(Via: Visual Capitalist)

Enjoy the article?

Click below to view our latest and most popular posts!

Read More

Joe Carter Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).