The share of the fracturing global economy that is accounted for by China and its geopolitical allies contracted in 2024, leaving it under a third the size of the US bloc at the start of 2025. This fall was in part the result of a loss of support for China in a handful of countries, linked in some cases to changes of government. But it was also driven by faster growth in nominal dollar terms among the US and its allies. GDP isn’t everything though: China continues to dominate industry. On its own, China out-produces the US and its closest allies combined.
This report presents highlights from our updated Global Fracturing database. The database allows clients to investigate how geopolitical shifts are playing out in terms of the breakdown of global output, trade and investment between geopolitical rivals, and the composition of global financial markets. Users can also download the underlying data from the database.
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