March 8, 2011 § Leave a comment
When China officially became the world’s second-largest economy last month, the Wall Street Journal ran this chart, which shows the world economy way back to 1820. Before seeing this data, I hadn’t imagined you could show Gross Domestic Product figures so far into the past. That’s because I hadn’t discovered the work of late economist Angus Maddison, a world scholar of quantitative macroeconomic history and the go-to source for historical GDP figures. His statistics stretch to 1 AD and are presented in purchasing power parity, a GDP calculation that adjusts for differences in wages and prices among economies.
Following is a link to his data:
And to the University of Groningen page dedicated to him: