The world economy has evolved from the industrial revolution to today’s globalized digital economy. Past characteristics include heavy reliance on manufacturing, colonial trade, and physical goods. Presently, it is characterized by service-based economies, technological innovation, and interconnected financial markets. Data on GDP, trade balances, and inflation rates are key indicators, reflecting the economic health of nations. Global economic trends now also account for digital currencies, climate impact, and inequality concerns.
Population Global Under-Five Mortality: Data and Trends in Child Deaths
Discover the global under-five mortality trends, with 2022 data showing 4.89 million deaths and a slowing decline rate.
Export OECD ICT Services Exports Reach 741 Billion Dollar, Driven by Digital Tech
OECD ICT services exports hit 741 GUSD in 2023, with growth driven by software, cloud, and data analysis innovations.
External debt US Tops Global External Debt with $6 Trillion Liabilities – BIS Q2
The US remains the largest debtor nation with $6 trillion in external debt, according to BIS data from Q2 2023.
Value added Services Sector Value Added Reaches $22.9 Trillion, Driving Growth
In 2023, the services sector's value added hits US$22.9 trillion, underlining its key role in global economic growth.
Median earnings Data on average hourly wages around the world (total, ages 15-64, 2010 purchasing power parity) and a graph of the top countries
Abstract In recent years, global wage trends have shown significant disparities, with developed nations generally offeri...
Value added Agriculture, Forestry, and Fisheries Added Value Hits $4.35 Trillion
In 2023, the added value of agriculture, forestry, and fisheries reached $4.35 trillion, highlighting its global economic importance.
Export Global Commercial Services Exports to Reach USD 7.69 Trillion
Global commercial services exports are set to hit USD 7.69 trillion in 2023, reflecting growth in finance, IT, and consulting sectors.
GDP GDP Growth Annual: A Look at Fluctuations and Economic Transformation
Discover China's GDP growth trends, from 10% annual surges to its rapid economic transformation driven by manufacturing and exports.
Labor force Thailand´s Agriculture Sector Faces Workforce Aging with Average Age 45.5
Thailand's agriculture sector struggles with an aging workforce, as few young people enter physically demanding jobs.
Value added High Industry GDP Ratios: Brunei´s 61.8% Reflects Resource-Dependent Economy
Countries with high industry GDP ratios, like Brunei's 61.8%, often have resource-dependent economies.