See the below image for the Global economy contribution by country diagram. The nominal GDP of the top 10 economies adds up to about 67% of the world’s economy, while the top 20 economies contribute almost 81%. The remaining 173 countries together constitute less than one-fifth to the world’s economy. Note: This list is based on the IMF’s World Economic Outlook Database, April 2018.
Top 10 Largest Countries by GDP (2019) Country GDP (2019) % Of Total World GDP 1. United States $21.43T 24.42% 2. China $14.34T 16.34% 3. Japan $5.08T 5.79% 4. Germany $3.85T 4.38% 6 more rows …
Global trade United States are leading in terms of GDP 20.89tr USD GDP of emerging and developing countries 34.3tr USD Share of advanced economies in global GDP 42.45% Global economic indicators
See the below image for the Circular flow of a mixed economy diagram. The circular flow model of the economy distills the idea outlined above and shows the flow of money and goods and services in a capitalist economy.
The most common form of this model shows the circular flow of income between the household sector and the business sector. Between the two are the product market and the resource market. Households purchase goods and services, which businesses provide through the product market.
When households pay for the Nutella jars, the money will reach the factory owners, completing the money’s circular flow. It is important to note that the economy runs on several thriving circular money movements. The above example is simplistic.
See the below image for the Sustainable economy diagram. The Thwing Center defines economic sustainability in its traditional sense as: […] The ability of an economy to support a defined level of economic production indefinitely.” – Thwing Center, Economic Sustainability
The Sustainable Economy 1 Putting a Price on the Priceless. The first trend contributing to Sustainability 3.0 is the recent progress on quantifying ecosystem services— that is, measuring, in dollar terms, the value of … 2 Funding the High Road. … 3 Converging on Value Chain Indices. … 4 Data, Vision, and Will. …
Europe must transform its economies and make them sustainable. A sustainable economy is one that is resilient and provides a good quality of life for everybody. It stays within the limits of the planet and helps keep global warming within the well below 2°C threshold.
See the below image for the Global economy in 2019 diagram. The global economy started 2018 with strong, synchronized growth. But as the year progressed, momentum faded and growth trends diverged. The US economy accelerated, thanks to fiscal stimulus enacted early in the year, while the economies of the Eurozone, the UK, Japan and China began to weaken. These divergent trends will persist in 2019.
Let’s start by looking at where global growth is forecasted to occur in 2019: The data here mimics some of the previous estimates we’ve seen from Standard Chartered, such as this chart which projects the largest economies in 2030. Asia as a whole will account for 63% of all global GDP growth (PPP) this year, with the lion’s share going to China.
Global growth is expected to remain at 3.0 per cent in 2019 and 2020, however, the steady pace of expansion in the global economy masks an increase in downside risks that could potentially exacerbate development challenges in many parts of the world, according to the World Economic Situation and Prospects 2019.
See the below image for the Recycling circular economy diagram. A circular economy aims to eliminate waste, not just from recycling processes, but throughout the lifecycles of products and packaging. A circular economy aims to maximize value and eliminate waste by improving the design of materials, products and business models. A circular economy goes beyond recycling.
Recycling requires waste – and waste is what a circular economy seeks to eliminate. Too often the concept of a circular economy is muddled up with some kind of advanced recycling process that would mean keeping our industrial system as it is and preserving a growing consumption model.
It is a change to the model in which resources are mined, made into products, and then become waste. A circular economy reduces material use, redesigns materials to be less resource intensive, and recaptures waste” as a resource to manufacture new materials and products.
See the below image for the How economy works infographic diagram. Economy Infographics Graphical ways of displaying numerical data, principles, and specifics are widely used in economy, economic analysis, and statistics.
There are a few samples that you see on this page which were created in the ConceptDraw DIAGRAM application by using the Economy Infographics solution. Some of the solution’s capabilities as well as the professional results which you can achieve are all demonstrated here on this page.
The use of graphical methods in economics and statistics allows one to visually display economic phenomena, observation results, present statistical parameters, economic data and indicators and their quantitative changes, display the relationships between objects, structures and observed events, facilitating the generalization.
See the below image for the Recycling economy diagram. Recycling begins at the end – the ‘get rid’ stage of a product’s lifecycle. The circular economy, however, goes right back to the beginning to prevent waste and pollution from being created in the first place. In the face of our current environmental challenges, recycling won’t be enough to overcome the sheer amount of waste we produce.
The 2020 REI Report reiterates that recycling and recycled products play an important role in our economy and have significant positive impacts on jobs, wages and tax collections. On a national average, there are 1.17 jobs, $65,230 wages and $9,420 tax revenues attributable, for every 1,000 (US) tons of recyclables collected and recycled.
Recycling is the action or process of converting waste into reusable material. Recycling begins at the end – the ‘get rid’ stage of a product’s lifecycle.
See the below image for the Global economy decline diagram. Global growth is projected to decelerate in 2022 and 2023 Comparing growth contributions of major economies. Global growth is set to slow sharply, as the initial rebound in consumption and investment fades and macroeconomic support is withdrawn.
According to World Bank forecasts, the global economy will shrink by 5.2% this year. 1 That would represent the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870, the World Bank says in its June 2020 Global Economic Prospects.
The IMF estimates that the global economy shrunk by 4.4% in 2020. The organisation described the decline as the worst since the Great Depression of the 1930s. The only major economy to grow in 2020 was China.
See the below image for the Economy during covid graph diagram.
See the below image for the 3d printing in a circular economy diagram. 3D Printing in the Circular Economy Additive manufacturing would be well suited to a circular economy. Recycling used products into material for printing would reduce the amount of resources we need to extract.
Additive manufacturing would be well suited to a circular economy. Recycling used products into material for printing would reduce the amount of resources we need to extract. Renewable powered 3D printers would help humanity meet its material needs while fitting into, not disrupting, large systems essential to life on earth.
Proponents of the circular economy suggest that a sustainable world does not mean a drop in the quality of life for consumers, and can be achieved without loss of revenue or extra costs for manufacturers. The argument is that circular business models can be as profitable as linear models, allowing us to keep enjoying similar products and services.