Graph: World – Population and GDP by Country (Part 2)

This graph is a continuation of an earlier post, showing the GDP and population by country, as well as the GDP per capita (which is the gradient of each data point). It zooms into the “2^nd tier” of countries (see the red box in the chart below).

Data Source: World Bank

This next chart zooms into the red box from the chart above.

Data Source: World Bank

Out of this 2^nd tier group highlighted, we can see 2 main groups:

a)   2^nd tier high-income group: This group consists of the next tier of rich and big European countries (France, UK, Italy, maybe Spain and Netherlands), Canada, Australia and South Korea. Their GDP per capita are all high, ranging from $20,000 to $47,000.

b)    2^nd tier middle-income group: This group consists of the next tier of large developing economies – Brazil, Russia, Mexico and Turkey. Their GDP per capita all hover around the world GDP per capita – ranging from $9,000 to $11,000. We can call this group the “BRMT” group, but I guess this acronym doesn’t sound as nice as “BRIC”.

See Part1 and Part 3 here.

Data Source: World Bank; Graph: Generated by me