Consumption grows the fastest in Asia, as it comes to represent over half of world GDP.
Now the world GDP will be lucky to eek out a 3.25% gain this year.
Since 1995 container traffic has increased, on average, 5.2% more per year than world GDP.
China's proportion of world GDP has risen from 2.6% in 1980 to 8.5% last year, he added.
But there are so many more factors at play, including those from the 78% of non-US world GDP.
Current account deficits have nearly tripled to 2.2% of world GDP from only 0.8% of GDP under Bretton Woods.
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Foreign affiliates now account for one-tenth of world GDP and one-third of world exports, the agency's World Investment Report said.
The International Monetary Fund expects the BRIC nations, not counting South Africa, to account for 21.6% of world GDP by 2015.
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Buoyed by these two forces, China will account for over 23% of world GDP by 2030, measured at PPP, Mr Subramanian calculates.
The BRIC countries, excluding South Africa, are expected to account for 21.6% of world GDP by 2015, according to the International Monetary Fund.
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They're mostly resource rich, have low or manageable government debt when compared to the developed world, and are fast becoming the drivers of world GDP.
If differences in prices among countries are taken into account, its share of world GDP has gone from 26% in 1990 to 38% in 2007.
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Tight supply promises to keep oil prices relatively resilient in 2012, even if world GDP actually contracted, so say a handful of industry analysts at Barclays Capital in London.
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While the country has slipped to seventh place in the league of world GDP, the capital is first, or second to New York, in most of the rankings of great cities.
Although imbalances reversed sharply in 2009, they remain high by historical standards and are forecast by the IMF to continue at around 2% of world GDP over the next five years at least.
This means that almost every country as far from the equator as Japan is near or above the world average GDP per capita, and almost every country closer to the equator than Japan is near or below the world average.
In the arcane world of GDP calculations, less of a negative made the overall growth rate higher than it otherwise would have been.
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Right now, he sees vast similarities between the bond market today and the low-interest rate world with high debt-to-GDP after World War II that led to a generational bear market in bonds.
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But they account for 18% of the world's GDP and 10% of its carbon emissions.
In 1870, the ratio of world trade to GDP was 10%, and rose to 21% in 1914.
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And this region negotiating the TPP represents 26 -- of the world's GDP, 15 percent of exports and 12 of imports.
Even in 1820, as the industrial revolution in Britain was gathering pace, the two Asian giants still accounted for half the world's GDP.
It is the world's biggest economic block: it accounts for more than a quarter of the world's GDP (at purchasing-power parity), compared with the Sinosphere's 15% and the Indosphere's 5.4%.
U.S. corporate profits (which are expressed in nominal terms) have tended to rise and fall at about twice the rate of world nominal dollar GDP, suggesting double-digit profit growth again in 2006.
In PPP terms, three of the world's four biggest economies (China, Japan and India) are already in Asia, and Asia has accounted for half of the world's GDP growth over the past decade.
Though financial markets in the Asia-Pacific region (ex Japan), Eastern Europe, Latin America, the Middle East and Africa performed only slightly better than their Old World counterparts, GDP growth clocked in at an impressive 11.3%.
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And they are flourishing in the dynamic markets of the emerging world, which have been growing at an average of 5.5% a year against the rich world's 1.6% over the past few years and are likely to account for half the world's GDP by 2020.
According to the CIA World Factbook, in 2009 the U.S. ranked 160th among the 215 world nations in real GDP growth.
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