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Environment / 5 hours ago

How coconut production is shifting the global map

Coconut may not grab headlines like crude oil or wheat, but the latest data shows it commands a power of its own, especially in tropical regions where it’s not just a crop, but a way of life. Coconut may not grab headlines like crude oil or wheat, but the latest data shows it commands a power of its own, especially in tropical regions where it’s not just a crop, but a way of life. According to recent statistics, the world’s largest coconut producers in 2024 were Indonesia with 17.13 million tonnes, the Philippines at 14.77 million tonnes, and India close behind with 14.68 million tonnes.

World / 3 weeks ago

Why agriculture still matters in Southeast Asia and where it’s heading

In Southeast Asia, agriculture, forestry, and fishing remain foundational to national economies, contributing 8% to 16.6% of GDP in 2024, depending on the country, even as their shares have declined in recent years. The data in the image shows Cambodia at 16.6%, Vietnam at 11.9%, Myanmar at 20.8%, the Philippines at 9.1%, Indonesia at 12.6%, Thailand at 8.7%, and Malaysia at 8.2%. Some of these figures represent decreases from 2021; for example, Cambodia saw a drop of 6.2 percentage points, and Vietnam declined by 3.0 points.

Business / 8 weeks ago

Germany’s $4.6 trillion economy rivals over 20 European nations combined

Germany’s economy remains a powerhouse — so large that its 2024 GDP equals the combined economic output of more than 20 European countries across Eastern and Northern Europe. With a nominal GDP of about $4.66 trillion, according to the World Bank and Trading Economics, Germany continues to dominate the European economic landscape despite recent headwinds.

Business / 11 weeks ago

Global GDP by continent: Asia leads, Africa lags

The world economy is not evenly distributed across continents, and a new visualisation highlights just how glaring the differences are. According to the latest data, Asia accounts for 37% of global GDP, making it the largest contributor to the world economy. North America follows with 30%, Europe holds 24%, South America contributes 4%, Africa just 3%, and Oceania rounds out the list at 2%.

Business / 14 weeks ago

Only a few countries boast bigger economies than California

The U.S. state of California, home to roughly 40 million people, towers over most sovereign nations in economic output. Recent data from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis (BEA) show that the Golden State’s nominal gross domestic product (GDP) reached about $4.1 trillion in 2024.

Business / 15 weeks ago

Countries richer than the global average

Although the global average for GDP per capita at purchasing power parity (PPP) is estimated at roughly $24,250 in both 2024 and 2025, there are a few nations that surprisingly exceed the global average. According to the latest estimates from the International Monetary Fund (IMF) and the World Bank, countries exceeding the global PPP average span several regions.

Politics / 19 weeks ago

NATO defence spending soars: Poland and Estonia lead in 2024 military investment

NATO member states this week agreed to raise their defence investment target to 5% of GDP by 2035, replacing the longstanding 2% benchmark set in 2014. This landmark decision, confirmed during a joint summit and reported by Reuters, underscores the alliance’s heightened concern over geopolitical threats, particularly from Russia and China.

Business / 20 weeks ago

Poland’s economy surpasses combined output of 7 neighbouring nations

Poland’s economy has officially surged ahead of the combined GDP of seven of its eastern and southeastern neighbours, a striking indicator of the country’s rapid economic ascent and the deepening development divide across the region. According to IMF projections for 2025, Poland’s nominal GDP is set to hit $979 billion, outpacing the total economic output of Ukraine, Romania, Bulgaria, Belarus, Lithuania, Latvia, Estonia, and Moldova, which collectively reach $927 billion.

Business / 22 weeks ago

Top 10 African countries leading in diaspora remittances

In 2024, diaspora remittances surged to unprecedented levels, serving as a crucial element in Africa’s economic strength. Egypt received the highest amount of remittance inflows at $22.7 billion, followed by Nigeria with $19.8 billion and Morocco with $12 billion. Kenya ($4.8 billion) and Ghana ($4.6 billion) completed the top five rankings with strong annual growth rates.

Business / 23 weeks ago

The world's top 10 shadow economies

Despite a global decrease in informal economic activity, shadow economies still make up a significant portion of GDP in parts of Africa and South Asia. A new data from the Ernst & Young Global Shadow Economy Report 2025 reveals that Sierra Leone, Niger, and Nepal top this list, measured as a percentage of their national GDP. The global shadow economy, which comprises unreported and untaxed activities, now accounts for 11.8% of worldwide GDP, down from 17.7% in 2000.

Business / 26 weeks ago

Global remittance rankings 2025: India leads the world with $125 billion sent home by expats

In 2025, global remittances continue to be a lifeline for millions of families and a critical pillar of many developing economies. The World Bank’s Global Migration and Development Report highlights that in over 70 low- and middle-income countries, remittance inflows now exceed foreign direct investment (FDI). Unlike volatile capital flows, remittances tend to remain stable during global crises, making them essential to economic resilience.

Politics / 31 weeks ago

Flashback to 1980: The world’s top 10 economic superpowers

In 1980, the global economic landscape was defined by post-war recovery, Cold War rivalries, and rapid industrial expansion. However, a few countries thrived in global economic power in times of uncertainty. A map from The World in Maps highlights the ten largest economies of that year, measured by average GDP in U.S. dollars.

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