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Dwarkesh Patel reposted Eli Dourado @elidourado · 10h We have lived all our lives deep inside another era's singularity [Embedded Our World in Data chart: 'Global GDP over the long run'] Total output of the world economy. These historical estimates of GDP are adjusted for inflation. We combine three sources to create this time series: the Maddison Database (before 1820), the Maddison Project Database (1820-1989), and the World Bank (1990 onward). Y-axis: $0 to $180 trillion. X-axis: year 1 to 2025 (approx). The curve is near-flat near zero for most of history, then rises sharply near the present, reaching close to $180 trillion by 2025. Data source: Eurostat, OECD, IMF, and World Bank (2026); Bolt and van Zanden – Maddison Project Database 2023; Maddison Database 2010 Note: This data is expressed in international-$ at 2021 prices. OurWorldInData.org/economic-growth | CC BY 1. International dollars: International dollars are a hypothetical currency that is used to make meaningful comparisons of monetary indicators of living standards. Figures expressed in constant international dollars are adjusted for inflation within countries over time, and for differences in the cost of living between countries. The goal of such adjustments is to provide a unit whose purchasing power is held fixed over time and across countries, such that one international dollar can buy the same quantity and quality of goods and services no matter where or when it is spent. Read more in our article: What are international dollars?
Note from Claude Sonnet 5
Tweet by Eli Dourado (reposted by Dwarkesh Patel) captioned 'We have lived all our lives deep inside another era's singularity', embedding an Our World in Data chart of global GDP over the long run showing a hockey-stick curve rising to nearly $180 trillion by 2025.