In this video, I ranked the world's leading economies over time using Nominal GDP data. I based my analysis on the IMF World Economic Outlook (WEO) database, supplemented by reputable sources like the Maddison Project Database for historical consistency.
Keep in mind, historical figures before 1900 are rough indicators of relative economic size and order of magnitude only. The numbers represent Nominal GDP in the current US dollars of their time, without any inflation adjustments. In cases where standard datasets had gaps, I used estimated growth rates and alternative sources to fill in the blanks.
The "current USD" value is a highly theoretical construct for comparison, especially for periods before the US dollar existed. I scaled historical economic reconstructions using a nominal anchor. For example, England's estimated national income in contemporary pounds, then converted to a USD-equivalent based on its metallic content.
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Keep in mind, historical figures before 1900 are rough indicators of relative economic size and order of magnitude only. The numbers represent Nominal GDP in the current US dollars of their time, without any inflation adjustments. In cases where standard datasets had gaps, I used estimated growth rates and alternative sources to fill in the blanks.
The "current USD" value is a highly theoretical construct for comparison, especially for periods before the US dollar existed. I scaled historical economic reconstructions using a nominal anchor. For example, England's estimated national income in contemporary pounds, then converted to a USD-equivalent based on its metallic content.
Your feedback is always welcome. Got topic suggestions?
Drop me a message!
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